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Edgewater Bank

Saint Joseph, MI · Cert 29981

FDIC · 5 branches

Q1 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2021, the quarter ended March 31, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Edgewater Bank

Saint Joseph, MI · Cert 29981

FDIC · 5 branches

Q1 2021

$233.6MAssets
$154.8MLoans
$206.8MDeposits
$20.7MEquity
Loan mix
69%RE $88.6M30%C&I $38.7M1%Consumer $0.9MQ1 2020Q1 2021
Deposit mix
80%Interest-bearing $166.0M20%Noninterest $40.8MQ1 2020Q1 2021

NIM

4.29%Q1 ’194.46%Q1 ’203.89%Q1 ’21+2%-7%

Non-interest income vs. expense

3.10%Q1 ’193.14%Q1 ’203.25%Q1 ’21-4%-23%

Market Position · Niles, MI · 2020 SOD (annual) · 7.6% share · #6 of 9 inst. · $0.2B of $2.3B

Executive Summary

  • Earnings: ROA of 0.89%, up 20 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 1.21% of loans (-56 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 8.72%, down 34 bps from a year ago.
  • Funding: loans stand at 74.88% of deposits as of Q1 2021.

Financial Results

Return on Assets (YTD, annualized)

0.89%+20 bps YoY

Net Interest Margin (YTD, annualized)

3.35%-23 bps YoY

Efficiency Ratio (YTD, annualized)

70.99%-576 bps YoY

Tier 1 Leverage Ratio

8.72%-34 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021YoY ΔTrend
Earnings
Return on Assets0.69%0.78%0.87%0.90%0.89%+20 bps
Return on Equity7.00%8.44%9.81%10.12%9.93%+294 bps
Net Interest Margin3.59%3.53%3.42%3.33%3.35%-23 bps
Efficiency Ratio76.75%74.70%71.17%71.41%70.99%-576 bps
Non-Interest Burden2.60%2.22%1.95%2.05%2.01%-59 bps
Growth
Asset Growth (YoY)10.99%35.07%34.76%19.22%24.31%+1,332 bps
Loan Growth (YoY)21.21%29.41%23.99%5.60%-0.60%-2,181 bps
Deposit Growth (YoY)5.81%22.50%25.57%27.97%34.29%+2,848 bps
Asset Quality
Nonperforming Loans / Loans1.77%1.35%1.17%0.78%1.21%-56 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.01%-0.01%-0.01%0 bps
Allowance / Loans1.06%1.01%0.98%1.14%1.31%+25 bps
Allowance Coverage of NPLs0.6x0.7x0.8x1.5x1.1x+0.5x
Capital
Tier 1 Leverage Ratio9.05%8.55%8.73%8.37%8.72%-34 bps
Total Risk-Based Capital13.35%14.82%13.66%13.75%16.25%+290 bps
Equity / Assets9.90%8.36%7.89%9.12%8.86%-104 bps
Liquidity & Funding
Loans / Deposits101.16%95.98%94.52%86.32%74.88%-2,629 bps
Liquid Assets / Assets9.56%20.27%20.60%18.64%29.18%+1,962 bps
CRE / Total Capitaln/an/an/an/an/an/an/a