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Letter portraitLegal landscapeQuarterYTD

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