Macatawa Bank Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2015

EARNINGS PER COMMON SHARE [Abstract]

NOTE 8 - EARNINGS PER COMMON SHARE

A reconciliation of the numerators and denominators of basic and diluted earnings per common share for the three and six month periods ended June 30, 2015 and 2014 are as follows (dollars in thousands, except per share data):

	Three Months Ended June 30, 2015		Three Months Ended June 30, 2014		Six Months Ended June 30, 2015		Six Months Ended June 30, 2014
Net income available to common shares	$	3,215	$	2,755	$	6,055	$	5,393

Weighted average shares outstanding, including participating stock awards - Basic		33,866,789		33,788,431		33,866,789		33,789,481

Dilutive potential common shares:
Stock options		---		---		---		---
Stock warrants		---		---		---		---
Weighted average shares outstanding - Diluted		33,866,789		33,788,431		33,866,789		33,789,481

Basic earnings per common share	$	0.09	$	0.08	$	0.18	$	0.16
Diluted earnings per common share	$	0.09	$	0.08	$	0.18	$	0.16

Stock options for 258,361 shares of common stock for both the three and six month periods ended June 30, 2015 were not considered in computing diluted earnings per share because they were antidilutive. Stock options for 355,328 shares of common stock for both the three and six month periods ended June 30, 2014 were not considered in computing diluted earnings per share because they were antidilutive.