# EDGEWATER BANK
SAINT JOSEPH, MI · FDIC certificate 29981 · asset band <$300M · latest filing 2021-03 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $233.6M | |
| Deposits | $206.8M | |
| Loans and leases | $154.8M | |
| Total equity | $20.7M | |
| Loans / deposits | 73.90% (p68 of band) | 64.60% |
| Liquid assets / assets | 31.77% (p30 of band) | |
| Uninsured deposits / deposits | 32.39% (p89 of band) | 18.23% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.14% (p62 of band) | |
| FHLB advances / assets | 2.14% | |
| Tier 1 leverage | 8.72% (p19 of band) | 10.53% |
| Unrealized securities loss / equity | 0.70% (p51 of band) | 0.67% |
| AOCI / equity | -0.12% (p75 of band) | |
| ROA (annualized) | 0.89% (p44 of band) | 1.00% |
| Net interest margin | 3.45% (p59 of band) | 3.26% |
| Efficiency ratio | 70.99% (p57 of band) | |
| Noncurrent loans | 1.21% (p76 of band) | 0.41% |
| Net charge-offs (annualized) | -0.01% (p27 of band) | |
| Reserve coverage of noncurrent | 108.50% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 39.36% (p78 of band) | |
| Auto loans | $181,000 (0.12% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $694,000 (3% of equity) (p98 of band) | |
| Deposits YoY | 34.3% | |
| Employees | 42 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 4 |  |  |
| 2012-09 | 5 | losing money |  |
| 2012-12 | 5 | capital falling | uninsured deposits leaving |
| 2013-03 | 5 | expense ratio p90 | deposits shrinking |
| 2013-06 | 6 | charge-offs p90 |  |
| 2013-09 | 5 |  | assets shrinking |
| 2013-12 | 5 |  |  |
| 2014-03 | 4 | deposits shrinking | capital falling, charge-offs p90 |
| 2014-06 | 4 |  |  |
| 2014-09 | 4 |  |  |
| 2014-12 | 5 | capital falling |  |
| 2015-03 | 1 |  | losing money, expense ratio p90, deposits shrinking, capital falling |
| 2015-06 | 2 | loans exceed deposits |  |
| 2015-09 | 3 | capital falling |  |
| 2015-12 | 2 |  | loans exceed deposits |
| 2016-03 | 1 | expense ratio p90 | reserve under noncurrent, capital falling |
| 2016-06 | 1 | loans exceed deposits | expense ratio p90 |
| 2016-09 | 1 | capital falling | loans exceed deposits |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 | reserve under noncurrent | capital falling |
| 2017-06 | 0 |  | reserve under noncurrent |
| 2017-09 | 1 | loans-to-lenders >50% equity |  |
| 2017-12 | 0 |  | loans-to-lenders >50% equity |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | expense ratio p90 |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | capital falling |  |
| 2019-03 | 0 |  | expense ratio p90, capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | loans-to-lenders >50% equity |  |
| 2019-12 | 3 | loans exceed deposits, reserve under noncurrent |  |
| 2020-03 | 2 |  | loans-to-lenders >50% equity |
| 2020-06 | 1 |  | loans exceed deposits |
| 2020-09 | 2 | loans-to-lenders >50% equity |  |
| 2020-12 | 1 |  | reserve under noncurrent |
| 2021-03 | 0 |  | loans-to-lenders >50% equity |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-04-30 [Edgewater Bank, UFCU complete merger - Crain's Grand Rapids](https://news.google.com/rss/articles/CBMilgFBVV95cUxNUUhDU2tIWUpndGhDeG5yOGhKQVNueEJjOE5HbldyZ0RqSHo2X1Zxb0dTQjdxcFgzM1dwZmhQLUtReUhiUlMtc3RsanpNUzJWWnN4dXQ5OXZrV1E0aUp2UWFMUVkzNzVYOHNxbVJkTkV0TjNHWFlWU0RrRl9uZW1EX0VaZWYwazJ5dEU4RDJTR2JNRG1IVUE?oc=5) · Crain's Grand Rapids
- 2020-10-27 [United Federal Credit Union in Michigan to buy Edgewater Bank - American Banker](https://news.google.com/rss/articles/CBMirwFBVV95cUxQWG9ydWZQQ3hmZlFwdFRJdjBTQkhCcEx5em5MYnFxYkd4UE1ZYV9JM1pRdUVoR1VQbUhVZEotTmtpdWxKcHFxaThia2g1OENMbFBPSi1pMjdReGpWRFdmRzFVeWQ0MmpmYmk3aGtVT1B3UXNCMU1OQlpnV2lSbEVNNU8wMVI1bjVlYTNEdDl6Ny1HLXljbVp5bGducWFMN25qNEVsS3RKXzB0ZDBHa01B?oc=5) · American Banker
- 2020-10-27 [United Federal Credit Union and Edgewater Bank Announce Strategic Acquisition - GlobeNewswire](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPRE15azBJYzh3THp3dTd3Z1RsUU5sUUFIOUc0eVdkVVhHT1o0TUxXSjdwQmwwbWE2cE4zT2RnMnJPMTVNU2l6ZXhJWVNEVW91dS1FcTJXVUdsb3d2VDNnaVkwOUtSQ0N3UUxKM1VfcGxsNnAwM1ZneFNJOGRfeW9tVWZINkV6blNFOHN1cGJQVkgxd1dPbmlrZWo5YmFSTHdpaEtzSFdyeU94dHdITExnTXdDVk1LMkthY0lVenY2VzlmUlpPYVVhOXFhV3VhdDRmYU5GMkJIckdMcWlxcjQ4SWRpbw?oc=5) · GlobeNewswire
- 2021-04-30 [Partnership Combining United Federal Credit Union & Edgewater Bank Gains Final Approvals - moodyonthemarket.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxPdkpiSU41TVM4YnZSSGhESW5ManBOXzBUa3hvMmJ6NEs2eWl6R1pTd25KV3ByUTJSTW5MNDVBZmNHN3poU1F1czRtNHVGR3VvcVFEUE9rTFlrTzk3LW56QzZ5a2tvN1VzSnFNZlFyN3N6dmpHajR5dWNfa3ZaUEJvZW0zcnhRYmZfZlZMd0hhVFB1OTRuMlZMcHNvZFNmWWl4Q3Mwa1ExU0RmRWc4S3NXMkhYejMwdmNSUUFISw?oc=5) · moodyonthemarket.com
- 2023-02-15 [Long-time Banking Pros Rick Dyer & Maria Kibler Link Arms for Next Chapter Consulting in SW Michigan - moodyonthemarket.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxOdkRuUjNXYVgycVhJb2Nua1laSTRLSXBZVENFVEUwZDRIMlZ5Q1VESHFjbWZYQ19GcUNCS1NabVZ4RUk3YUZmYTZjajc3UU0zY3hHN2xKeW1sc2kwdDA5UFF3bFZ4TEExLU9WZm9ubU5Lb1YyV1FIX3A0QVZrQzlpUVBwcUozT0lZZTM2dWE3UVA2THdLeV94aW5YMkRwUkdJeUVNRW1idWxtUTdnbkpMbGt1dXEwaFlIVkpuMXRmSmRQa0pla29NN2ZQeFc?oc=5) · moodyonthemarket.com
- 2024-02-05 [Harry Bischoff Obituary (2024) - Stevensville, MI - The Herald-Palladium - legacy.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxORGRMSk54VEZLdTdPeXNCMjBsQm1HLXpNczdkc2ltclRKbmdueURQWDlNbHU0U1Z2ZEZRY0Uzc05SU1B4Qndod2dYUWVva0Ztcm1BenVCWUx5Y2hFdG5YYVYtUXN0Zy1lN0xLRzBlbWxnZUpwa244alNjZE1GVV94NUYtVnhoVGVWeHVuNG5hLVhQeHF4UWRUMA?oc=5) · legacy.com
- 2026-04-09 [United Federal Downtown SJ Branch Closed, Centerpiece Office Building For Sale - moodyonthemarket.com](https://news.google.com/rss/articles/CBMisAFBVV95cUxPaGJ5UlJvTE5RZGZldVgyVFpGYlZtNXo3b1djalNyU28yOHNhYnJ3VlB0X0U2dHdCSzlBVFNhZnQxVFNFWW1WTF9VVDdkeEJfbWZubktIRHU2VUxzSmhEcGtlQjNuQ2o4TTdtV1pXVm1CblZweGlLdnBRMUJnLVlPQWF3Qm1kZ1VMUkFyQVVNUExtTFc4cm00RnV2S2xIRFAzMWl5eEo4SnVBaHRuWXBTTQ?oc=5) · moodyonthemarket.com
- 2025-08-24 [Tim Dyer Named Market President as First State Bank of Michigan Expands into Berrien County Market - moodyonthemarket.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxQS2dHdFhDekowUUxfUFIxdXRpMlFOZzBSVnZsNmVEamMxdVdmaDFMU2ZhS2cxS0p0V2hKZkpiWC16U2doX3NCYWJlTWtaS2hoUGNwZ1VWbkZ6YkxUX1lseEZCTEhJTjFpbjRaZEdPbWtBMk9OWWRUc2dFVU9kaG5BVGlONEVqWURFZkY2UGpLSDhQVS1OTFRUUjYwQVJTTFJRU1c2LTNDVERsaFJuNWc1ZFBkMG5ITnlQbGZzN1lmdW9KRU5XMEwxVDN0d0U?oc=5) · moodyonthemarket.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29981 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/29.json (key "29981", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide