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Macatawa Bank, National Association

Holland, MI · Cert 34618 · Wintrust Financial Corp.

National charter · OCC · 28 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer Standing

Trailing 9 quarters, through Q2 2026

Capital

45

Q2 2024Q2 2026Peer median (50)

Asset Quality

72

Q2 2024Q2 2026Peer median (50)

Profitability

72

Q2 2024Q2 2026Peer median (50)

Liquidity

71

Q2 2024Q2 2026Peer median (100)

Efficiency

91

Q2 2024Q2 2026Peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is a stronger peer standing, and the peer median is fixed at 50. Liquidity, Growth: closeness to the peer median, 100 at the median.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-12

Macatawa Bank, National Association

Holland, MI · Cert 34618 · Wintrust Financial Corp.

National charter · OCC · 15 affiliate banks · 28 branches (213 in holding)

Q2 2026

$3.7BAssets
$2.8BLoans
$3.1BDeposits
$556.9MEquity
Loan mix
39%RE $1.0B50%C&I $1.3B10%Consumer $0.3BQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $2.4B23%Noninterest $0.7BQ2 2025Q2 2026

NIM

4.39%Q2 ’245.03%Q2 ’255.17%Q2 ’26+24%+2%

Non-interest income vs. expense

1.91%Q2 ’242.16%Q2 ’251.80%Q2 ’26+59%-22%

Market Position · Grand Rapids-Wyoming-Kentwood, MI · 2026 SOD (annual) · 8.4% share · #5 of 28 inst. · $2.9B of $34.4B

6.1% Kent
21.6% Ottawa
10.9% Allegan

Executive Summary

  • Earnings: ROA of 1.77%, up 75 bps year over year; NIM at 3.98%.
  • Asset quality: problem loans at 0.08% of loans (-8 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 10.74%, up 52 bps from a year ago.
  • Funding: loans stand at 91.83% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.77%+75 bps YoY

Net Interest Margin (YTD, annualized)

3.98%+7 bps YoY

Efficiency Ratio (YTD, annualized)

32.36%-828 bps YoY

Tier 1 Leverage Ratio

10.74%+52 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.02%1.26%1.39%1.98%1.77%+75 bps
Return on Equity6.57%8.10%8.96%12.63%11.42%+485 bps
Net Interest Margin3.91%3.91%4.02%4.00%3.98%+7 bps
Efficiency Ratio40.64%35.77%34.72%31.78%32.36%-828 bps
Non-Interest Burden1.89%1.67%1.64%1.45%1.47%-42 bps
Growth
Asset Growth (YoY)31.27%14.02%11.60%4.97%5.87%-2,540 bps
Loan Growth (YoY)36.36%55.74%62.94%59.04%54.26%+1,790 bps
Deposit Growth (YoY)25.81%15.80%11.77%4.49%4.86%-2,095 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.13%0.14%0.18%0.08%-8 bps
Net Charge-Offs / Loans0.02%0.02%0.03%0.01%0.04%+2 bps
Allowance / Loans1.26%0.97%0.87%0.76%0.74%-52 bps
Allowance Coverage of NPLs7.9x7.3x6.2x4.1x9.6x+1.7x
Capital
Tier 1 Leverage Ratio10.22%10.22%10.84%10.88%10.74%+52 bps
Total Risk-Based Capital16.60%12.87%12.69%12.83%12.14%-446 bps
Equity / Assets15.26%15.54%15.37%16.04%15.10%-16 bps
Liquidity & Funding
Loans / Deposits62.43%86.55%88.54%92.61%91.83%+2,941 bps
Liquid Assets / Assets30.50%7.58%4.70%1.44%1.31%-2,919 bps
CRE / Total Capitaln/a178.89%196.26%193.64%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-12

Macatawa Bank, National Association

Holland, MI · Cert 34618 · Peer group: banks $1B-$10B in assets (n=322-328) · Wintrust Financial Corp.

National charter · OCC · 15 affiliate banks · 28 branches (213 in holding)

Q2 2026

$3.7BAssets
$2.8BLoans
$3.1BDeposits
$556.9MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 94% of banks $1B-$10B in assets (rank 21 of 328).
  • Widest gap: total risk-based capital ratio trails 80% of banks $1B-$10B in assets (rank 262 of 328).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.73%

Rank 54 of 328

Net Interest Margin

3.98%

Rank 59 of 328

Efficiency Ratio

43.98%

Rank 30 of 328

Equity / Assets

15.10%

Rank 21 of 328

Non-interest income vs. expense

$11.7M$63.7MINCOMEEXPENSE
Unfavorable gap of $52.1M · efficiency ratio beats 91% of banks $1B-$10B in assets
Bank 43.98%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.73%0.91%1.22%1.52%Beats 84%54 / 328
Return on Equity11.47%8.43%11.45%14.43%Beats 50%163 / 328
Net Interest Margin3.98%3.03%3.45%3.83%Beats 82%59 / 328
Efficiency Ratio43.98%51.61%59.56%67.53%Beats 91%30 / 328
Asset Quality
Nonperforming Loans / Loans0.08%0.24%0.51%1.03%Beats 89%36 / 322
Net Charge-Offs / Loans0.03%0.01%0.03%0.10%Beats 55%146 / 322
Capital
Tier 1 Capital Ratio11.37%11.75%13.15%15.47%Beats 20%261 / 328
Total Risk-Based Capital Ratio12.14%12.63%14.15%16.46%Beats 20%262 / 328
Equity / Assets15.10%9.15%10.33%12.01%Beats 94%21 / 328
Liquidity & Funding
Loans / Deposits91.83%76.63%87.92%95.36%65th pctl114 / 323
Loans / Assets76.37%65.18%74.15%79.98%60th pctl130 / 328
Brokered Deposits / Depositsn/aNot reported for this institution