Macatawa Bank Corp. announced unaudited consolidated earnings results for the fourth quarter and for the full year ended December 31, 2012. For the quarter, the company reported net interest income of $10,968,000 against $11,419,000 a year ago. Total interest income was $13,009,000 against $14,537,000 a year ago. Income before income tax was $2,376,000 against $1,085,000 a year ago. Net income available to common shares was $21,234,000 or $0.78 per basic and diluted share against $1,085,000 or $0.04 per basic and diluted share a year ago. Return on average assets was 5.75% against 0.29% a year ago. Return on average equity was 76.30% against 4.61% a year ago. Book value per common share was $3.59 against $2.26 of prior year period.

For the year, the company reported net interest income of $47,462,000 against $46,299,000 a year ago. Total interest income was $57,276,000 against $60,779,000 a year ago. Income before income tax was $16,907,000 against $5,829,000 a year ago. Net income available to common shares was $35,490,000 or $1.31 per basic and diluted share against $5,829,000 or $0.26 per basic and diluted share a year ago. Return on average assets was 2.37% against 0.38% a year ago. Return on average equity was 34.39% against 7.08% a year ago.