Comparing the current results to its competitors, Edgewater Bancorp Inc reported Revenue increase in the 3 quarter 2016 by 9.62 % year on year. The sales growth was above Edgewater Bancorp Inc's competitors' average revenue growth of 4.93 %, achieved in the same quarter.
Edgewater Bancorp, Inc.Net Income in the 3 quarter 2016 grew year on year by 485.66%, faster than the Edgewater Bancorp Inc's competitors average income growth of 9.49 %
Edgewater Bancorp Inc's Comment on Competitors and Industry Peers
We face competition within our market area both in making loans and attracting
deposits. Our market area has a concentration of financial institutions that include
large money center and regional banks, community banks and credit unions. We also
face competition from commercial banks, savings institutions, and mortgage banking
firms, consumer finance companies and credit unions and, with respect to deposits,
from money market funds, brokerage firms, mutual funds and insurance companies.