Grand Bank
Grand Rapids, MI — Domestic Branch of a Domestic Bank
Acquired Jan 2003
Vitals
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Total Assets323.7M
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Total Deposits248.6M
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Total Net Loans265.2M
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Net Income2.7M
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Book Value47.2M
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Book Value x294.3M
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Book Value x3141.5M
Balance Sheet Highlights
| Financial Highlights | Grand Bank | All Insured Commercial Banks in Michigan |
| Balance Sheet $(000) | ||
| Total Assets | 323,737 | 199,308 |
| Total Net Loans | 265,209 | 152,781 |
| Total Deposits | 248,598 | 168,561 |
| Total Equity | 47,162 | 19,493 |
| Profitability | ||
| Net Income | 2,658 | 14,723 |
| Return on Average Assets | 1.155 | 1.257 |
| Return on Average Equity | 9.975 | 13.068 |
| Net Interest Margin | 3.185 | 4.46 |
| Efficiency Ratio | 53.581 | 62.526 |
| Noninterest Income/Revenue | 18.807 | 14.453 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 106.682 | 87.745 |
| Securities/Assets | .036 | 1.003 |
| Total Equity/Total Assets | .146 | .098 |
| Tangible Equity/Tangible Assets | .062 | -.43 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 21,000 | 17,716 |
| Tier 2 Capital | 7,879 | 2,182 |
| Total Capital | 28,879 | 19,487 |
| Total Risk Weighted Assets | 270,164 | 144,759 |
| Leverage Ratio | 7.07 | 9.385 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 7.77 | 13.453 |
| Total Capital Ratio | 10.69 | 14.692 |
Timeline for Grand Bank
Macatawa Bank Corporation
Macatawa Bank Corporation became a new parent organization for Grand Bank.
View Profile Apr 01 2002
Grand Bank Mortgage Company
Grand Bank Mortgage Company became a new subsidiary organization for Grand Bank.
View Profile Oct 01 2000
Grand Bank Financial Corporation
Grand Bank Financial Corporation became a new parent organization for Grand Bank.
View Profile Nov 30 1988
Grand Bank
Grand Bank was established 36 years ago and is currently headquartered in Grand Rapids, MI.
Aug 17 1987| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Macatawa Bank | Buyer | 1,651,852 | Pooling of Interests | Discontinued | 1/1/2003 |
| Relationships | Role | Relationship Start | Relationship End |
| Macatawa Bank Corporation | Parent | 4/1/2002 | 12/31/2002 |
| Grand Bank Financial Corporation | Parent | 11/30/1988 | 3/31/2002 |
| Grand Bank Mortgage Company | Subsidary | 10/1/2000 | 12/31/2002 |
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