Edgewater Bancorp, Inc. Reports Consolidated Earnings Results for First Quarter Ended March 31, 2018
Edgewater Bancorp, Inc. reported consolidated earnings results for first quarter ended March 31, 2018. For the quarter, the company’s net income was $230,905, or $0.36 per share, compared to net income of $59,600, or $0.10 per share, for the first quarter of 2017. Return on Average Assets (annualized) was 6.67% at March 31, 2018 compared to 3.52% for December 31, 2017. Net interest income increased $180,965, or 16.3%, to $1.3 million for the quarter, compared to $1.1 million during the first quarter of 2017.