Edgewater Bank

321 Main Street
Saint Joseph, MI 49085
1-800-922-5221
www.edgewaterbank.com

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Edgewater Bank is headquartered in Saint Joseph and is the 84^th largest bank in the state of Michigan. It is also the 4,227^th largest bank in the nation. It was established in 1910 and as of March of 2012, it had grown to 41 employees at 6 locations. Edgewater Bank has a 3-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Edgewater Bank Checking Account Rates

Apy	Min	Max	Product
1.25%	$250k	-	Non-Profit NOW Account
1.25%	$250k	-	Public Fund Checking
0.30%	$50k	-	The Edge Checking Account
0.10%	$50	-	NOW Checking Account
0.10%	-	-	Senior Checking
0.05%	$50	-	Business NOW Account

Edgewater Bank Savings Account Rates

Apy	Min	Max	Product
0.75%	$250k	-	Business Tiered Savings
0.15%	-	-	Statement Savings
0.15%	-	-	Christmas Club
0.10%	$200	-	Business Statement Savings

Edgewater Bank Money Market Rates

Apy	Min	Max	Product
0.35%	$2,500	-	High Yield Money Market
0.25%	$25k	-	Money Market Checking
0.25%	$25k	-	Money Market Savings
0.25%	$25k	-	Business Money Market

Edgewater Bank CD Rates

Apy	Min	Max	Product
1.30%	$2,500	-	60 Month CD
1.00%	$2,500	-	48 Month CD
0.75%	$2,500	-	36 Month CD
0.65%	$2,500	-	24 Month CD
0.55%	$2,500	-	18 Month CD
0.45%	$2,500	-	15 Month CD
0.40%	$2,500	-	12 Month CD
0.30%	$2,500	-	9 Month CD
0.25%	$2,500	-	182 Day CD
0.20%	$2,500	-	3 Month CD

Edgewater Bank IRA Rates

Apy	Min	Max	Product
1.31%	$500	-	60 Month IRA
1.31%	$500	-	60 Month Roth IRA
1.31%	$500	-	60 Month SEP IRA
1.00%	$500	-	48 Month IRA
1.00%	$500	-	48 Month Roth IRA
1.00%	$500	-	48 Month SEP IRA
0.75%	$500	-	36 Month IRA
0.75%	$500	-	36 Month Roth IRA
0.75%	$500	-	36 Month SEP IRA
0.65%	$500	-	24 Month IRA
0.65%	$500	-	24 Month Roth IRA
0.65%	$500	-	24 Month SEP IRA
0.55%	$500	-	18 Month IRA
0.55%	$500	-	18 Month Roth IRA
0.55%	$500	-	18 Month SEP IRA
0.45%	$500	-	15 Month IRA
0.45%	$500	-	15 Month Roth IRA
0.45%	$500	-	15 Month SEP IRA
0.40%	$500	-	12 Month IRA
0.40%	$500	-	12 Month Roth IRA
0.40%	$500	-	12 Month SEP IRA
0.30%	$500	-	9 Month IRA
0.30%	$500	-	9 Month Roth IRA
0.30%	$500	-	9 Month SEP IRA
0.25%	$500	-	182 Day IRA
0.25%	$500	-	182 Day Roth IRA
0.25%	$500	-	182 Day SEP IRA
0.20%	$500	-	3 Month IRA
0.20%	$500	-	3 Month Roth IRA
0.20%	$500	-	3 Month SEP IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Edgewater Bank
OTS #	04476
FDIC Certificate #	29981
BankRate Report	View
Year Established	1910
Employees	41
Primary Regulator	OCC
Assets and Liabilities
Assets	$130.95 million
Loans	$102.66 million
Deposits	$110.67 million
Equity Capital	$12.26 million
Loan Loss Allowance	$1.57 million
Unbacked Noncurrent Loans	$3.96 million
Real Estate Owned	$750,000
Historic Data - March 2011
Assets	$146.40 million
Equity Capital	$11.94 million
Loan Loss Allowance	$1.96 million
Unbacked Noncurrent Loans	$4.85 million
Real Estate Owned	$988,000
Profit Margin - Quarterly
Net Interest Margin	3.68%
Return on Assets	0.24%
Return on Equity	2.58%
Interest Income	$1.44 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Edgewater Bank had $4.7 million in non-current loans and owned real-estate with $13.83 million in equity and loan loss allowances on hand to cover it. This gives Edgewater Bank a Texas Ratio of 34.01% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Edgewater Bank decreased slightly from 42.01% as of March 31, 2011 to 34.01% as of March 31, 2012, resulting in a positive change of 19.04%.This indicates that the balance sheet and financial strength for Edgewater Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Edgewater Bank has decreased its total deposits by -$12.24 million, resulting in -9.96% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Edgewater Bank has shown is poor.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Edgewater Bank has $130.95 million in assets with $13.83 million in equity, resulting in a capitalization level of 10.56%, which is above average.

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