Macatawa Bank Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 20 - Quarterly Financial Data

Note 20 - Quarterly Financial Data

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Quarterly Financial Information [Text Block]

NOTE 20 – QUARTERLY FINANCIAL DATA (Unaudited)

(Dollars in thousands except per share data)

																		Earnings Per Common Share
		Interest Income				Net Interest Income				Provision for Credit Losses				Net Income				Basic				Diluted
2023
First quarter		$	27,266			$	22,616			$	—			$	12,004			$	0.35			$	0.35
Second quarter			27,120				21,146				300				10,312				0.30				0.30
Third quarter			29,787				22,244				(150	)			11,413				0.33				0.33
Fourth quarter			29,638				21,441				400				9,495				0.28				0.28

2022
First quarter		$	13,143			$	12,665			$	(1,500	)		$	6,000			$	0.18			$	0.18
Second quarter			15,435				14,843				—				6,568				0.19				0.19
Third quarter			20,875				19,771				—				10,045				0.29				0.29
Fourth quarter			25,454				22,867				375				12,118				0.35				0.35