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.