Good day, and welcome to the annual meeting of shareholders of Macatawa Bank Corporation. I would now like to turn the conference over to Rich Postma, Director and Chairman of the Board. Please go ahead. Good morning. We are pleased you can join with us in this virtual format for the third year. Next year, we hope to resume our in-person meeting, but for our purposes today, we're of course virtual. The agenda for today's meeting is to begin by conducting our formal business. Once complete, a brief information presentation will be provided, followed by a question-and-answer period. Shareholders who are logged in to today's meeting using the control number from their proxy card will be permitted to ask questions using the question box provided in the bottom left corner of the portal. You may submit your questions at any time during this meeting. At this time, I would like to introduce our other directors who are all participating in the meeting virtually as well. Those directors include Nicole Dandridge, Chuck Geenen, Ron Haan, Bob Herr, Birgit Klohs, Michael LeRoy, Doug Padnos, and Tom Rosenbach. Jon Swets, our corporate secretary, will act as secretary of the meeting. He has in his possession a list of our shareholders as of March 8, 2022, which is the record date of this meeting. As of that date, there were 34,253,962 shares of common stock entitled to vote at this meeting. Notice of the meeting, including a proxy statement and a proxy, were mailed to all shareholders of record on approximately March 18, 2022. Colette Newman and Sheila Wutke have been appointed to serve as inspectors of the election for this meeting. The inspectors of election have tabulated all of the proxies. Mr. Swets, is there a quorum present? A quorum is present. The preliminary tabulation shows that at least 29,688,700 shares are represented virtually or by proxy. These shares represent over 86% of the total number of shares entitled to vote at the meeting. Thank you. The meeting is now open for the transaction of business. We have three items of business to consider at this meeting this morning. One is the election of three directors. Second is the advisory approval of executive compensation. Finally, the ratification of the appointment of BDO USA LLP as the company's independent auditors for the year ended December 31, 2022. As to the first item, election of directors, the governance committee and the board of directors have nominated Charles A. Geenen, Robert L. Herr, and Michael K. LeRoy, all incumbent directors, to be elected as directors, with terms expiring at 2025 annual meeting of shareholders. No other nominations have been made according to the procedures provided by our bylaws. No further nominations are therefore in order, and the nominations are now closed. The governance committee and the board of directors recommend that the shareholders vote for all of the director nominees. The second item of business this morning is the advisory approval of executive compensation. This next item of business to be considered has been described in the proxy statement. The compensation committee and the board of directors recommend that the shareholders vote for the advisory approval of the company's executive compensation plan. The third item of the ratification of appointment of the independent auditors. The audit committee has appointed BDO USA LLP as the company's independent registered public accounting firm for the year ending December 31, 2022. The audit committee and the board of directors recommend that the shareholders vote to ratify the appointment of BDO USA LLP. Written ballots voting all shares of common stock for which we hold proxies have been submitted. If you have returned a proxy or already voted electronically, your shares will be voted according to your instructions. It is clearly not necessary to vote through the virtual meeting portal at this time unless you wish to change your vote. If you have logged in to today's meeting using the control number from your proxy card, you may vote your shares or change your vote now. We will pause to allow shareholders to vote. The polls are now closed. There will be a brief adjournment while the inspectors of the election complete their tabulation of the votes. At this time, I would like to introduce our senior management team, Ron Haan, President and CEO, Jason Birchmeier, Chief Credit Officer, Glenn Getschow, Chief Government Banking/Treasury Management Officer, Craig Hankinson, our Chief Operating Officer, our Human Resources Manager, Jon Swets, our Chief Financial Officer, Jeff Tatro, our Chief Technology Officer, Joe Walcott, our Chief Retail Banking Officer, Justin VanBeek, our Chief Risk Officer, and Eric Van Ravensway, our Chief Wealth Management Officer. I would like to also introduce Charlie Goode, a partner with Warner Norcross & Judd, our corporate counsel, and Kevin Munter, a partner with BDO USA, our independent auditors. Both gentlemen are attending by phone and will be available to address any questions during the question-and-answer period at the end of this meeting. At this time, our vote tabulation is completed. Mr. Swets, how many shares were voted for election of the nominees for director? At least 17,162,400 shares, which are more than 71% of the total shares voted in the election were voted for election of each nominee for director. Thank you. I declare that each nominee has been elected a director of the company. Mr. Swets, how many shares were voted for the advisory approval of the company's executive compensation? 22,140,300 shares, which are more than 91% of the total shares voted on the proposal, were voted for the advisory approval of the company's executive compensation. Thank you. I declare that the shareholders have approved on an advisory basis the company's executive compensation. Mr. Swets, how many shares were voted to ratify the appointment of the company's independent auditors? 28,027,500 shares, which are more than 94% of the total shares voted on the proposal, were voted to ratify the appointment of BDO USA as the company's independent auditors for the year ending December 31, 2022. Thank you. I declare that the appointment of BDO USA, LLP as the company's independent auditors for the year ending December 31, 2022 has been ratified. A formal report of the inspectors of the election, which will contain a tabulation of the shares voted at this meeting on each proposal, will be filed with the minutes of this meeting. No other business has been proposed for action in the manner provided by our bylaws. Accordingly, no other business at this meeting is now in order, and I declare that the business portion of this meeting is adjourned. Now, we would like to ask Mr. Swets to give us some informal remarks and comments regarding the status of the condition of the bank at this time. Okay, thank you. Some overall comments regarding the financial performance for your company. 2021 was just another unusual year on top of 2020, all really caused by the pandemic. The pandemic, the resulting economic slowdown, and then, of course, both the congressional response and the Federal Reserve response to that economic slowdown caused a lot of anomalies in performance in the banking industry in 2020 and then kind of a continuation of those anomalies into 2021. One of the biggest kind of unusual dynamics in financial performance in the banking industry is we saw a tremendous amount of deposit growth in the industry, and your company, Macatawa Bank Corporation, was no exception. All the fiscal stimulus that Congress pumped in, to the economy, in response to the pandemic, evidently caused a significant increase in balances held by both retail customers and commercial customers, deposit balances. Macatawa Bank Corporation in 2020 saw an over 30% increase in deposits, and then that rapid growth in deposits continued into 2021 as well. We grew by another between 12% and 13% in deposits in 2021. When we look back at where deposits were for Macatawa Bank as of March 31, 2020, at the beginning of the pandemic, and where they were now at December 31, 2021, over that 21-month time period, we saw our deposits grow from $1.7 billion in March of 2020 to nearly $2.6 billion at the end of 2021. That's over a 51% growth rate in deposits. Just an amazing, kind of unheard of growth rate in deposits. To put that in perspective, the banking industry in general, so if you look at all banks on a national basis, how much did deposits in the banking industry grow by in that same time period? They grew by 24%. The banking industry saw a 24% growth rate in deposits, which again, is a significant rate of growth in deposits. Your company, Macatawa Bank Corporation, saw 51%, more than double the rate of growth that the rest of the industry experienced. That anomaly was particularly acute for Macatawa Bank. At the same time, a part of the fiscal stimulus was the Paycheck Protection Program that Congress established and had administered by the Small Business Administration. It allowed for lending to business and small business primarily to keep people employed. We participated vigorously in that program to bring money to the local market that we serve, to our business customers, to make sure that people remained employed. What we saw while participating in that program is that while our customers borrowed in that program, what they weren't doing then was borrowing on their core lines with us and their underlying loans. We did see, while PPP was growing, we saw our core loan portfolio underneath that shrink. Another just kind of unusual anomaly in performance, not just in 2020, but in 2021. When you've got deposits growing and loan portfolio shrinking, what that does create is growth in what we refer to as short-term investable funds on balance sheet. The highly liquid kind of investment dollars that are on the bank's balance sheet. For Macatawa Bank, all of those excess dollars are placed with the Federal Reserve Bank of Chicago. Now, we do earn interest on those balances, but it's a very low rate. Having a high balance there can definitely hurt earnings in that those balances aren't deployed into higher yielding assets. That was one of the challenges we faced kind of throughout this pandemic period. What I would like to say then, though, is as far as 2021 is concerned, while the trends continued, we did finally, near the end of the year, start to see a change in those trends. In the fourth quarter of 2021, we did start to see growth in our underlying commercial loan portfolio and in loans in general, but primarily commercial loan portfolio. We saw a little bit of growth, about $10 million in growth in our core loan portfolio in the fourth quarter, and then we followed that up with about almost $30 million in growth in our core loan portfolio in the first quarter of this year. That $30 million in growth represents about a 10% rate of growth on an annualized basis. We're starting to see really good signs of our core loan portfolio starting to grow now that the Paycheck Protection Program, those PPP loans are winding down and coming to full forgiveness. That trend is important. Certainly, as we can get more of those investable assets deployed into our loan portfolio, that improves earnings for your company. Something that happened in the fourth quarter of last year is that the interest rate environment began to change. We saw the Fed start to signal that rates, they would need to be increasing short-term interest rates. The yield curve, all points on the yield curve, the Treasury yield curve, for example, started to move up in response to that. That created opportunity for us to take some more of those investable assets, that excess liquidity on balance sheet, and start investing in bonds and growing the investment securities portfolio on balance sheet. In the fourth quarter of last year, we grew that bond portfolio by over $170 million. Again, to put more dollars at work in higher yielding assets. That $170 million was all invested in short-term, high-quality bonds, but certainly earning a far better interest rate than we were making at the Federal Reserve Bank of Chicago. Again, we continued that trend in the first quarter of this year and grew the portfolio by another nearly $50 million in Q1 of this year. Those two things have served to get some of those excess balances better invested. We've been able to reduce those excess balances by $162 million from September 30 of last year through March 31 of this year. We intend to continue that momentum as we move through 2022. Where do we stand today? Just a couple of things to kind of sum up. You know, I do want to say that, you know, as far as your company's financial condition is concerned, extremely strong. When we look at kind of the three pillars of the strength of financial condition in the banking industry, it's capital, it's liquidity, and it's asset quality. As far as capital is concerned, your company's capital ratios are very strong. While they're not at their all-time highs, they're very close to them, and our capital ratios remain in the top 10% in the industry. Very strong, very solid capital ratios for Macatawa Bank Corporation. Our liquidity, that's what I've been talking about. We have very much liquidity, very, very strong balance sheet from a liquidity standpoint. Actually our challenge, our opportunity is to get more of that deployed. Finally, asset quality. Our loan portfolio and our credit quality metrics remain very strong. A couple of things. For example, our level of non-performing loans to total loans at March 31, 2022 was 0.01%, almost non-existent. That's only $90,000 in non-performing loans on a $1.1 billion portfolio. Our loans past due on their payments by 30 days or more amounted to $170,000 at March 31, 2022. That's 0.02% of total loans. To put that in perspective, the banking industry in general has past dues at a level that is 24 times that level. Not 24% greater, but 24 times greater. The asset quality in the loan portfolio at your company is very strong. Again, those kind of three pillars of strength of financial condition in the banking industry, we score very, very well in all three of those areas. We've worked hard to begin to build that momentum in growing higher yielding earning assets, as I mentioned, growing that loan portfolio. We intend to continue that momentum as we move through the rest of this year, not just in loans, but also in the investment security portfolio and growing those portfolios at the same time. Finally, probably the most important thing is as we know, the Fed is talking a lot about raising short-term interest rates and raising them significantly. They started already in March with 125 basis point increase. We anticipate tomorrow they'll announce another increase. We'll have to see if it's 25 or 50 points, but they're signaling many increases this year. That's very, very important to the banking industry and us in particular. Over the years, we've worked very hard to position your company's balance sheet so that it is asset sensitive. What we mean by that in the context of interest rate risk and sensitivity is that the asset side of our balance sheet is more responsive to changes in interest rates than the funding side of our balance sheet. When interest rates are rising, what that means is our loans and investment securities will respond to those interest rate changes more quickly than the funding side of our balance sheet, deposits and borrowings. Interest income will rise more quickly than interest expense will. That work to position the balance sheet that way will bode very well in the context of these Fed Funds interest rate increases as we move through the rest of the year. Your company is well-positioned to benefit from where it appears things are going in the foreseeable future. We're both financially strong and well-positioned to improve earnings. With that concludes my remarks on our financial performance, and I will now turn things back to Mr. Postma. Thank you, Jon. We have several questions that have been posed to us in this virtual format. Can you comment on several of these, and we will read it back to you first, and then we'll give an answer. The question I am responding to is, can you discuss your earnings sensitivity to higher interest rates and what kind of losses you may have in your securities portfolio due to higher interest rates? Very good question. I just touched on what we expect will happen to our earnings because of how we've postured our balance sheet to respond very well as interest rates are rising. We are asset sensitive. We will see significant improvements in net interest income with every 25 basis point increase. As far as what happens to the investment securities portfolio, we have seen an increase in unrealized losses on our investment securities available for sale. Those unrealized losses, though, will never hit our earnings. Those merely remain on balance sheet. They do impact equity on the balance sheet. The unrealized losses that we had as of March 31, 2022, posted through equity amounted to a little over $12 million, representing a little under 5% of total equity. Again, pretty wide statistics. The banking industry in general is seeing unrealized losses at a level of roughly 10%. Our unrealized losses at March 31 are significantly lower than the rest of the industry in general. The main point with those losses is that we intend to hold these securities until maturity, and those losses, as we move towards maturity, just dissipate. They do not flow through the income statement. Hopefully that clarifies where we're at relative to that question. The next question relates to our own life insurance. You increased the investment in bank-owned life insurance by about 25% last year and appears to be earning about 2% return. Can you discuss why you find that a more appealing means of allocating capital compared to buying back stock that currently has earnings yield of 10%-11%? Some of your peers have done more of that stock repurchase activity. Bank-owned life insurance very kind of important mechanism to again deploy kind of that excess on balance sheet liquidity. It's yielding between 2% and 2.5% for us. Over time, closer to 3%-3.5%, but given the interest rate environment, those investments also tend to reduce in yield when interest rates are near zero. We did see a reduction, but keep in mind that's the pre-tax yield. After-tax yield, fully tax equivalent yield is better than that, closer to 3%. Relative to everything else that were available to invest in at the time, that's still a very, very strong yield and an important way to kind of keep those investable funds out there earning higher yields. Thank you. That concludes the questions that have been posed to us today, and that, therefore, is the conclusion also of our meeting. We thank you for joining with us today, and we thank you for your continued interest in our company and your continued loyalty as shareholders. We hope that you have a good day. Thank you.