Edgewater Bancorp Inc (EGDW) Financial Statements (2024 and earlier)

Company Profile

Business Address 321 MAIN STREET
ST. JOSEPH, MI 49085
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,0039,80610,9075,4037,6739,103
Cash and cash equivalents9,0039,80610,9075,4037,6739,103
Disposal group, including discontinued operation      863
Total current assets:9,0039,80610,9075,4037,6739,966
Noncurrent Assets
Property, plant and equipment3,4903,5913,6063,6983,7813,826
Total noncurrent assets:3,4903,5913,6063,6983,7813,826
Other undisclosed assets131,301122,530120,862122,725122,550110,190
TOTAL ASSETS:143,794135,927135,375131,825134,004123,982
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt13,0006,0008,00014,00017,60011,000
Total current liabilities:13,0006,0008,00014,00017,60011,000
Noncurrent Liabilities
Other undisclosed liabilities117,353116,570114,003104,389103,01099,590
Total liabilities:130,353122,570122,003118,389120,610110,590
Temporary equity, carrying amount605346393328
Equity
Equity, attributable to parent13,38113,30413,32613,39713,36013,365
Common stock777777
Additional paid in capital4,6834,6834,6834,6834,6834,683
Accumulated other comprehensive income (loss)6024(14)372037
Retained earnings8,6308,5908,6508,6708,6508,638
Total equity:13,38113,30413,32613,39713,36013,365
TOTAL LIABILITIES AND EQUITY:143,794135,927135,375131,825134,004123,982

Income Statement (P&L) ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Revenues1,4951,3691,2441,4121,3711,411
Net investment income1,2891,2101,2101,2081,1691,154
Financial services revenue20615934205202257
Cost of revenue(63)(34)70(30)(15)(29)
Amortization of mortgage servicing rights (msrs)  (34)90  (29)
Financial services costs(63) (20)(30)(15) 
Gross profit:1,4321,3351,3141,3821,3561,382
Operating expenses(1,152)(1,176)(874)(1,148)(1,135)(1,226)
Other operating income, net
(Noninterest Income, Other Operating Income)
212122322835
Operating income:301181462267249191
Nonoperating income (expense)  (17)23(1) (9)
Losses on sales of other real estate  (17) (1) (4)
Mortgage servicing rights (msr) impairment (recovery)   23  (5)
Interest and debt expense(153)(149)(144)(136)(130)(126)
Income from continuing operations before equity method investments, income taxes:1481534112911956
Other undisclosed loss from continuing operations before income taxes(108)(75)(360)(110)(107)(26)
Income (loss) from continuing operations:40(60)(19)191230
Income (loss) before gain (loss) on sale of properties:40(60)(19)191230
Net income (loss) available to common stockholders, diluted:40(60)(19)191230

Comprehensive Income ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net income (loss):40(60)(19)191230
Comprehensive income (loss):40(60)(19)191230
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3738(51)17(16)53
Comprehensive income (loss), net of tax, attributable to parent:77(22)(71)36(4)84

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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