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

Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)	Preferred Stock [Member] Series A [Member]	Preferred Stock [Member] Series B [Member]	Common Stock [Member]	Retained Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2011	$ 30,604,000	$ 2,560,000	$ 187,709,000	$ (126,825,000)	$ 378,000	$ 94,426,000us-gaap_StockholdersEquity
Net income				35,490,000		35,490,000us-gaap_NetIncomeLoss
Net change in unrealized gain (loss) on securities available for sale, net of tax					582,000	582,000
Preferred stock exchange [Abstract]
Common stock issuance costs						0us-gaap_PaymentsOfStockIssuanceCosts
Stock compensation expense			9,000			9,000
Balance at Dec. 31, 2012	30,604,000	2,560,000	187,718,000	(91,335,000)	960,000	130,507,000us-gaap_StockholdersEquity
Net income				9,549,000		9,549,000us-gaap_NetIncomeLoss
Net change in unrealized gain (loss) on securities available for sale, net of tax					(2,915,000)	(2,915,000)
Conversion of 300 shares of Preferred Stock Series B to 50,000 shares of common stock		(300,000)	300,000			0
Preferred stock exchange [Abstract]
Exchange of 31,290 shares of Preferred Stock Series A to 5,973,519 shares of common stock	(30,604,000)		30,604,000			0
Exchange of 2,300 shares of Preferred Stock Series B to 457,159 shares of common stock		(2,260,000)	2,260,000			0
Cash portion of exchange consideration, including exchange-related expenses			(4,734,000)			(4,734,000)
Common stock issuance costs						0us-gaap_PaymentsOfStockIssuanceCosts
Repurchase of shares for taxes withheld on vested restricted stock			(45,000)			(45,000)
Stock compensation expense			160,000			160,000
Balance at Dec. 31, 2013	0	0	216,263,000	(81,786,000)	(1,955,000)	132,522,000us-gaap_StockholdersEquity
Net income				10,473,000		10,473,000us-gaap_NetIncomeLoss
Net change in unrealized gain (loss) on securities available for sale, net of tax					2,016,000	2,016,000
Preferred stock exchange [Abstract]
Common stock issuance costs			(102,000)			(102,000)us-gaap_PaymentsOfStockIssuanceCosts
Issuance of 392 shares of Common Stock on exercise of stock purchase warrants			4,000			4,000
Cash dividends at $.08 per share				(2,689,000)		(2,689,000)us-gaap_DividendsCommonStockCash
Repurchase of shares for taxes withheld on vested restricted stock			(106,000)			(106,000)
Tax effect of vested stock awards			63,000			63,000
Stock compensation expense			338,000			338,000
Balance at Dec. 31, 2014	$ 0	$ 0	$ 216,460,000	$ (74,002,000)	$ 61,000	$ 142,519,000us-gaap_StockholdersEquity