First Mariner Bank in Baltimore, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Mariner Bank - Overview

  • General
  • FDIC Certificate #: 31286
    Status: Active
    Federal Reserve ID: 309570
    Bank Holding Company (Regulatory Top Holder): First Mariner Bancorp (RSSDID: 2322304, Location: Baltimore, MD)
    Date Established: January 01, 1920
    WWW: http://www.1stmarinerbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 23 (Domestic: 23, Interstate: No)
    OTS Docket #: 6671
    FDIC's unique #: 44120
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 26, 1962
    Last Structure Change Effective Date: October 11, 2006
    Last Structure Change Process Date: October 11, 2006
    Last Data Update: October 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1501 South Clinton Street, Baltimore, MD 21224
    County: Baltimore City
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Baltimore, MD (#720)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Baltimore-Towson, MD (#12580)
    CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
  • History of Changes
  • Corrections
  • Financial Summary
  • Total assets: $1,179.4 mil
    Equity capital: $33.0 mil
    Deposits held in domestic offices: $1,014.8 mil
    Return on assets (ROA): -2.27% (-$26.8 mil)
    Quarterly return on assets: -1.11% (-$13.1 mil)
    Return on Equity (ROE): -61.37% (-$20.3 mil)
    Quarterly return on equity: -38.23% (-$12.6 mil)
    Net income: -$27.8 mil
    Quarterly Net income: -$3.3 mil
    Pretax return on assets: -2.32% (-$27,361.9 mil)
    Quarterly Pretax return on assets: -1.31% (-$15,450.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 503Total employees (full-time equivalent)
  • $1,179,394Total assets
  • $111,895Cash and due from depository institutions
  • $101,063Interest-bearing balances
  • $22,531Securities
  • $36,885Federal funds sold & reverse repurchase agreements
  • $870,973Net loans & leases
  • $13,770Loan loss allowance
  • $0Trading account assets
  • $38,278Bank premises and fixed assets
  • $25,235Other real estate owned
  • $0Goodwill and other intangibles
  • $1,179,394Life insurance assets
  • $73,597All other assets
  • $1,146,444Total liabilities and capital
  • $1,014,799Total liabilities
  • $914,495Total deposits
  • $1,014,799Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 1981.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $119,698Trading liabilities
  • $0Other borrowed funds
  • $9,966Subordinated debt
  • $32,950All other liabilities
  • $32,950Total equity capital
  • $32,950Total bank equity capital
  • $0Perpetual preferred stock
  • $1,523Common stock
  • $119,049Surplus
  • $-87,622Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $182,992Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $42,997Income earned, not collected on loans
  • $0Earning assets
  • $4,025Long-term assets (5+ years)
  • $1,031,452Average Assets, year-to-date
  • $248,690Average Assets, quarterly
  • $1,224,141Volatile liabilities
  • $1,188,608Insider loans
  • $853,048FHLB advances
  • $1,186,709Loans and leases held for sale
  • $37,478Unused loan commitments
  • $14,344Tier 1 (core) risk-based capital
  • $35,935Tier 2 risk-based capital
  • $1,605Total risk weighted assets
  • $21,529Total unused commitments
  • $242,048Restructured Loans and leases
  • $3,262Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $47,506Total interest income
  • $17,692Total interest expense
  • $29,814Net interest income
  • $14,330Provision for loan and lease losses
  • $15,867Total noninterest income
  • $0Fiduciary activities
  • $3,721Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,146Additional noninterest income
  • $59,667Total noninterest expense
  • $23,517Salaries and employee benefits
  • $10,491Premises and equipment expense
  • $25,659Additional noninterest expense
  • -$28,316Pre-tax net operating income
  • -$57Securities gains (losses)
  • -$604Applicable income taxes
  • -$27,769Income before extraordinary items
  • $0Extraordinary gains - net
  • -$27,769Net income attributable to bank
  • $0Net charge-offs
  • -$27,769Cash dividends
  • $14,641Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 1.64%Cost of funding earning assets
  • 2.76%Net interest margin
  • 1.47%Noninterest income to earning assets
  • 5.53%Noninterest expense to earning assets
  • -2.26%Net operating income to assets
  • -2.27%Return on assets (ROA)
  • -2.32%Pretax return on assets
  • -61.37%Return on equity (ROE)
  • -61.37%Retained earnings to average equity (YTD only)
  • 1.70%Net charge-offs to loans
  • 97.88%Credit loss provision to net charge-offs
  • -0.96%Efficiency ratio
  • 130,358Assets per employee
  • 2.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 32.03%Noncurrent assets plus other real estate owned to assets
  • 5.84%Noncurrent loans to loans
  • 4.86%Net loans and leases to deposits
  • 85.83%Net loans and leases to core deposits
  • 90.94%Equity capital to assets
  • 2.79%Core capital (leverage) ratio
  • 3.03%Tier 1 risk-based capital ratio
  • 4.21%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $1,224,141Average earning assets
  • $45,248Average equity
  • $1,078,530Average loans

List of branches

  • 22 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044120First Mariner Bank1501 South Clinton Street, Baltimore, MD 21224January 01, 1920Full Service Brick and Mortar
    4284071South Clinton Street Branch1501 S. Clinton Street, Baltimore, MD 21224June 15, 1995Full Service Brick and Mortar
    5284072Bel Air Branch12 A Bel Air South Parkway, Bel Air, MD 21010June 22, 1995Full Service Brick and Mortar
    6284073Loch Raven Branch1641 E Joppa Road, Baltimore, MD 21286May 22, 1995Full Service Brick and Mortar
    7284074Pikesville Branch1013 Reisterstown Road, Pikesville, MD 21208November 15, 1995Full Service Brick and Mortar
    8284075Owings Mills Branch4800 Painters Mill Road, Owings Mills, MD 21117March 18, 1996Full Service Brick and Mortar
    9284076Annapolis Branch161 A Jennifer Road, Annapolis, MD 21401June 03, 1996Full Service Brick and Mortar
    11284078Woodlawn Branch1900 B Rolling Road, Baltimore, MD 21224November 16, 1995Full Service Brick and Mortar
    19284085Easton Branch8662 Alicia Drive, Easton, MD 21601March 31, 1998Full Service Brick and Mortar
    20284086Perry Hall Branch8843 Bel Air Road, Baltimore, MD 21236April 21, 1998Full Service Brick and Mortar
    21284087Carroll Island Road Branch176 Carroll Island Road, Baltimore, MD 21220Febuary 16, 1999Full Service Brick and Mortar
    22284088Wise Avenue Branch7860 Wise Avenue, Baltimore, MD 21222March 29, 1999Full Service Brick and Mortar
    24284090Severna Park Branch366 A Ritchie Highway, Severna Park, MD 21146August 24, 1998Full Service Brick and Mortar
    27284093Glen Burnie Office305 Crain Highway, Glen Burnie, MD 21061Febuary 07, 2000Full Service Brick and Mortar
    29358186Ellicott City Branch10065 Baltimore National Pike, Ellicott City, MD 21042July 17, 2000Full Service Brick and Mortar
    31418785Whitemarsh Branch10101 Philadelphia Road, Baltimore, MD 21237October 15, 2002Full Service Brick and Mortar
    32419368Cockeysville Branch9840 York Road, Cockeysville, MD 21030August 19, 2002Full Service Brick and Mortar
    34433581Washington Boulevard Branch3720 Washington Blvd., Suite 100, Baltimore, MD 21227October 04, 2004Full Service Brick and Mortar
    35441819Columbia Branch8835 Centre Park Drive, Columbia, MD 21046June 27, 2005Full Service Brick and Mortar
    36446236Odenton Branch1600 Annapolis Road, Odenton, MD 21113November 14, 2005Full Service Brick and Mortar
    38478982Hickory Branch1403 Conwingo Drive, Bel Air, MD 21014July 16, 2007Full Service Brick and Mortar
    39480621Westminster Branch1010 Baltimore Blvd., Westminster, MD 21157July 17, 2008Full Service Brick and Mortar

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