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 (Tables)

EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2016

EARNINGS PER COMMON SHARE [Abstract]

Reconciliation of Numerators and Denominators of Basic and Diluted 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, 2016 and 2015 are as follows (dollars in thousands, except per share data):

	Three Months Ended June 30, 2016		Three Months Ended June 30, 2015		Six Months Ended June 30, 2016		Six Months Ended June 30, 2015
Net income available to common shares	$	3,745	$	3,215	$	7,240	$	6,055

Weighted average shares outstanding, including participating stock awards - Basic		33,922,506		33,866,789		33,923,810		33,866,789

Dilutive potential common shares:
Stock options		---		---		---		---
Stock warrants		---		---		---		---
Weighted average shares outstanding - Diluted		33,922,506		33,866,789		33,923,810		33,866,789

Basic earnings per common share	$	0.11	$	0.09	$	0.21	$	0.18
Diluted earnings per common share	$	0.11	$	0.09	$	0.21	$	0.18