Edgewater Bancorp, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2020
Edgewater Bancorp, Inc. announced earnings results for the first quarter ended March 31, 2020. For the quarter, the company reported that net income of $246,058, or $0.38 per share, compared to net income of $184,006 or $0.27 per share, for the first quarter of 2019. The net income after taxes increased $62,052 over first quarter of 2019 or 33.7%. Net interest income increased $183,107, or 12.7% to $1.6 million for the quarter, compared to $1.4 million during the first quarter of 2019.