Edgewater Bancorp, Inc. announced earnings results for second quarter and six months ended June 30, 2018. For the quarter, the company reported net income of $596,472 compared to $230,905 a year ago. For the six months, year-to-date June 30, 2018 net income of $827,377, or $1.29 per share, compared to net income of $141,735, or $0.21 per share, for the same period of 2017. The six-month 2018 net income represents a 484% increase over the first six months of 2017. Return on Average Assets (annualized) was 1.09% at June 30, 2018 compared to 0.32% for December 31, 2017 while return on average equity (annualized) was 11.61% at June 30, 2018 compared to 3.52% for December 31, 2017. The stronger earnings performance is attributed to growth in the organization's loan and investment portfolios, increased market interest rates, reduced non-interest expenses (net of one-time charges), and positive outcomes from strategic decisions. Total interest income increased $356,586, or 13.5%, to $3.0 million, compared to $2.6 million during the first two quarters of 2017.