This institution is no longer active

Operations ceased on May 1, 2021. CRA examination history below reflects the period it was active.

EDGEWATER BANK

SAINT JOSEPH, MI · Supervised by FDIC

Est. 1910FDIC #29,981RSSD: FDIC-29981

Part ofEDGEWATER BCORP INC→ View all charters

Satisfactory

Current rating · Exam: July 2019

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.89%

Is this bank safe?

EDGEWATER BANK holds a Satisfactory CRA rating (2019), meets basic financial requirements (ROA +0.89%).

Institution Profile

FDIC BankFind

Address

321 Main St, SAINT JOSEPH, MI

County

Berrien County

Established

January 1, 1910

Total Assets

$234M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

July 1, 2019

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 6 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2021Call Report / FDIC

Total Assets

$234M

Total Deposits

$207M

Net Loans

$153M

Net Income

$508K

ROA

0.89%

Above avg for Small banks. Peer avg: 0.44%

ROE

9.93%

Risk-Based Capital

16.25%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.89%Peer avg: 0.44%▲ Above avg

Risk-Based Capital16.25%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate4.67%Peer avg: 6.90%▼ Fewer than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2021	107	89.72%	4.67%
2020	338	91.72%	4.14%
2019	122	93.44%	4.10%
2018	127	82.68%	9.45%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

This is the only examination on record for this bank.

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