Macatawa Bank Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEPOSITS

DEPOSITS

3 Months Ended

Mar. 31, 2012

DEPOSITS [Abstract]

DEPOSITS

NOTE 6 - DEPOSITS

Deposits are summarized as follows (in thousands):

	March 31, 2012		December 31, 2011
Noninterest-bearing demand	$	300,617	$	324,253
Interest bearing demand		218,713		204,402
Savings and money market accounts		413,075		381,498
Certificates of deposit		282,066		305,136
	$	1,214,471	$	1,215,289

Approximately $100.0 million and $106.3 million in certificates of deposit were in denominations of $100,000 or more at March 31, 2012 and December 31, 2011, respectively.

The Bank had no brokered deposits at March 31, 2012 and December 31, 2011.

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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