Edgewater Bancorp, Inc. announced earnings results for the nine months ended September 30, 2018. The company announced year-to-date September 30, 2018 net income of $1,027,708, or $1.59 per share, compares favorably to net income of $313,889 or $0.50 per share, for the third quarter of 2017, representing a 227% increase in net income. Return on average equity (annualized) was 9.44% at September 30, 2018 compared to 3.52% for December 31, 2017 and return on average assets (annualized) was 0.88% compared to 0.32%. The organization's financial results continue to exceed previous years' results due to the growth in the balance sheet, especially the commercial loan portfolio and the investment portfolio. Total interest income for the first three quarters of 2018 increased $638,542, or 15.8%, to $4.7 million from $4.1 million during the first three quarters of 2017.