Macatawa Bank Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total interest income of $12,709,000 compared to $11,816,000 a year ago. Net interest income was $11,461,000 compared to $10,457,000 a year ago. Income before income tax was $5,099,000 compared to $3,277,000 a year ago. Basic and diluted earnings per common share were $0.10 compared to $0.07 a year ago. Return on average assets was 0.85% compared to 0.61% a year ago. Return on average equity was 9.40% compared to 6.54% a year ago. Net income was $3,538,000 compared to $2,317,000 a year ago.

For the full year, the company reported total interest income of $49,386,000 compared to $46,988,000 a year ago. Net interest income was $44,080,000 compared to $41,392,000 a year ago. Income before income tax was $18,420,000 compared to $15,046,000 a year ago. Basic and diluted earnings per common share were $0.38 compared to $0.31 a year ago. Return on average assets was 0.79% compared to 0.70% a year ago. Return on average equity was 8.68% compared to 7.58% a year ago. Net income was $12,794,000 compared to $10,473,000 a year ago. Book value per share as at December 31, 2015 was $4.48 compared to $4.21 a year ago. Tangible book value per share as at December 31, 2015 was $4.48 compared to $4.21 a year ago.

The company reported net charge-offs of $614,000 for the fourth quarter of 2015 compared to net recoveries of $67,000 a year ago.