MARINERS BANK in Edgewater, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • MARINERS BANK in Edgewater, New Jersey (NJ)
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MARINERS BANK - Overview

  • General
  • FDIC Certificate #: 35479
    Status: Active
    Federal Reserve ID: 3010000
    Bank Holding Company (Regulatory Top Holder): Mariner's Bancorp (RSSDID: 3227947, Location: Edgewater, NJ)
    Date Established: May 01, 2001
    WWW: http://www.marinersbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 80563
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 01, 2001
    Last Structure Change Effective Date: July 21, 2010
    Last Structure Change Process Date: July 21, 2010
    Last Data Update: July 21, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 935 River Road, Edgewater, NJ 7020
    County: Bergen
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Bergen-Passaic, NJ (#875)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $295.9 mil
    Equity capital: $26.5 mil
    Deposits held in domestic offices: $268.5 mil
    Return on assets (ROA): 0.13% ($0.4 mil)
    Quarterly return on assets: -0.17% (-$0.5 mil)
    Return on Equity (ROE): 1.42% ($0.4 mil)
    Quarterly return on equity: -1.93% (-$0.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.13% ($384.6 mil)
    Quarterly Pretax return on assets: -0.17% (-$503.0 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
  • 52Total employees (full-time equivalent)
  • $295,884Total assets
  • $57,612Cash and due from depository institutions
  • $54,489Interest-bearing balances
  • $17,698Securities
  • $7Federal funds sold & reverse repurchase agreements
  • $203,387Net loans & leases
  • $3,584Loan loss allowance
  • $0Trading account assets
  • $5,499Bank premises and fixed assets
  • $8,682Other real estate owned
  • $8Goodwill and other intangibles
  • $295,884Life insurance assets
  • $2,991All other assets
  • $269,407Total liabilities and capital
  • $268,522Total liabilities
  • $247,271Total deposits
  • $268,522Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $885Subordinated debt
  • $26,477All other liabilities
  • $26,477Total equity capital
  • $26,477Total bank equity capital
  • $0Perpetual preferred stock
  • $5,770Common stock
  • $20,333Surplus
  • $374Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,095Income earned, not collected on loans
  • $0Earning assets
  • $808Long-term assets (5+ years)
  • $275,581Average Assets, year-to-date
  • $58,492Average Assets, quarterly
  • $289,883Volatile liabilities
  • $295,017Insider loans
  • $203,226FHLB advances
  • $297,365Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,477Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,329Restructured Loans and leases
  • $3,625Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,671Total interest income
  • $3,176Total interest expense
  • $11,495Net interest income
  • $2,067Provision for loan and lease losses
  • $538Total noninterest income
  • $0Fiduciary activities
  • $239Service charges on deposit accounts
  • $0Trading account gains & fees
  • $299Additional noninterest income
  • $9,672Total noninterest expense
  • $3,599Salaries and employee benefits
  • $2,811Premises and equipment expense
  • $3,262Additional noninterest expense
  • $294Pre-tax net operating income
  • $82Securities gains (losses)
  • $2Applicable income taxes
  • $374Income before extraordinary items
  • $0Extraordinary gains - net
  • $374Net income attributable to bank
  • $0Net charge-offs
  • $374Cash dividends
  • $3,325Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.13%Return on assets (ROA)
  • 0.13%Pretax return on assets
  • 1.42%Return on equity (ROE)
  • 1.42%Retained earnings to average equity (YTD only)
  • 1.47%Net charge-offs to loans
  • 62.17%Credit loss provision to net charge-offs
  • 0.71%Efficiency ratio
  • 80,379Assets per employee
  • 5.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 35.50%Noncurrent assets plus other real estate owned to assets
  • 6.35%Noncurrent loans to loans
  • 4.88%Net loans and leases to deposits
  • 75.74%Net loans and leases to core deposits
  • 87.28%Equity capital to assets
  • 8.95%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 13.03%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $289,883Average earning assets
  • $26,418Average equity
  • $272,896Average loans

List of branches

  • 7 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080563Mariners Bank935 River Road, Edgewater, NJ 7020May 01, 2001Full Service Brick and Mortar
    1363059Waterford Branch190 River Road, Edgewater, NJ 7020January 23, 2002Limited Service Mobile
    2465253Hackensack Branch240 Essex Street, Hackensack, NJ 7601July 05, 2007Full Service Brick and Mortar
    3467309Cliffside Park Branch757-763 Palisade Avenue, Cliffside Park, NJ 7010September 16, 2006Full Service Brick and Mortar
    4480298Paramus Branch242 Oradell Avenue, Paramus, NJ 7652August 08, 2008Full Service Brick and Mortar
    5481122Dumont Branch562 Washington Avenue, Dumont, NJ 7628September 19, 2008Full Service Brick and Mortar
    6495116Park Ridge Branch165 Kinderkamack Road, Park Ridge, NJ 7656September 12, 2009Full Service Brick and Mortar

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