CHFC 2018 Annual Report

CHEMICAL FINANCIAL CORPORATION ANNUAL REPORT ON FORM 10-K Table of Contents Page Forward-Looking Statements 3 Part I. 4 Item 1. Business 4 Item 1A. Risk Factors 18 Item 1B. Unresolved Staff Comments 31 Item 2. Properties 32 Item 3. Legal Proceedings 32 Item 4. Mine Safety Disclosures 33 Part II. 33 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 34 Item 6. Selected Financial Data 37 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 80 Item 8. Financial Statements and Supplementary Data 82 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 169 Item 9A. Controls and Procedures 169 Item 9B. Other Information 172 Part III. 173 Item 10. Directors, Executive Officers and Corporate Governance 173 Item 11. Executive Compensation 173 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 174 Item 13. Certain Relationships and Related Transactions and Director Independence 174 Item 14. Principal Accounting Fees and Services 174 Part IV. 175 Item 15. Exhibits, Financial Statement Schedules 175 Signatures. 178 2