Edgewater Bank
Saint Joseph, MI — Federal Savings Bank
Active
Vitals
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Total Assets152.2M 12.5 %
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Total Deposits127.8M 11.8 %
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Total Net Loans122.9M 14.9 %
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Net Income450000.0000 23.3 %
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Book Value13.0M 3.4 %
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Book Value x226.1M 3.4 %
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Book Value x339.1M 3.4 %
Balance Sheet Highlights
| Financial Highlights | Edgewater Bank | All Insured Savings Banks in Michigan |
| Balance Sheet $(000) | ||
| Total Assets | 152,212 | 1,691,280 |
| Total Net Loans | 122,936 | 1,187,529 |
| Total Deposits | 127,806 | 1,131,684 |
| Total Equity | 13,038 | 203,998 |
| Profitability | ||
| Net Income | 450 | 21,424 |
| Return on Average Assets | .316 | .542 |
| Return on Average Equity | 3.507 | 4.098 |
| Net Interest Margin | 3.307 | 3.221 |
| Efficiency Ratio | 87.999 | 80.996 |
| Noninterest Income/Revenue | 14.332 | 45.802 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 96.19 | 93.003 |
| Securities/Assets | .063 | .168 |
| Total Equity/Total Assets | .086 | .121 |
| Tangible Equity/Tangible Assets | .083 | .102 |
| Capital Adequacy | ||
| Tier 1 Common Capital | 13,080 | 183,765 |
| Tier 1 Capital | 13,080 | 183,765 |
| Tier 2 Capital | 1,252 | 12,547 |
| Total Capital | 14,332 | 196,313 |
| Total Risk Weighted Assets | 102,650 | 1,009,128 |
| Leverage Ratio | 8.49 | 12.86 |
| Common Equity Tier 1 Capital Ratio | 12.74 | 21.774 |
| Tier 1 Capital Ratio | 12.74 | 21.774 |
| Total Capital Ratio | 13.96 | 22.935 |
Timeline for Edgewater Bank
Edgewater Bancorp, Inc.
Edgewater Bancorp, Inc. became a new parent organization for Edgewater Bank.
View Profile Jan 17 2014
Edgewater Insurance Agency, Inc.
Edgewater Insurance Agency, Inc. became a new subsidiary organization for Edgewater Bank.
View Profile Jan 17 2014
Explorer Financial Services Corporation
Explorer Financial Services Corporation became a new subsidiary organization for Edgewater Bank.
View Profile Jan 17 2014
Edgewater Bank
Edgewater Bank was established 114 years ago and is currently headquartered in Saint Joseph, MI.
Jan 01 1910| Relationships | Role | Relationship Start | Relationship End |
| Edgewater Bancorp, Inc. | Parent | 1/17/2014 | |
| Edgewater Insurance Agency, Inc. | Subsidary | 1/17/2014 | |
| Explorer Financial Services Corporation | Subsidary | 1/17/2014 |
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