# FIRST MARINER BANK
BALTIMORE, MD · FDIC certificate 31286 · asset band $300M-1B · latest filing 2017-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 7 (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 | $989.4M | |
| Deposits | $719.6M | |
| Loans and leases | $726.7M | |
| Total equity | $98.6M | |
| Loans / deposits | 100.40% (p85 of band) | 85.15% |
| Liquid assets / assets | 15.04% (p22 of band) | |
| Uninsured deposits / deposits | 18.24% (p37 of band) | 21.69% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 16.79% (p84 of band) | |
| FHLB advances / assets | 16.68% | |
| Tier 1 leverage | 8.88% (p16 of band) | 10.22% |
| Unrealized securities loss / equity | -0.71% (p47 of band) | -0.60% |
| AOCI / equity | 0.49% (p68 of band) | |
| ROA (annualized) | -0.24% (p2 of band) | 0.90% |
| Net interest margin | 3.48% (p38 of band) | 3.66% |
| Efficiency ratio | 100.00% (p99 of band) | |
| Noncurrent loans | 2.25% (p93 of band) | 0.54% |
| Net charge-offs (annualized) | 0.12% (p79 of band) | |
| Reserve coverage of noncurrent | 25.67% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 44.39% (p53 of band) | |
| Auto loans | $344,000 (0.05% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -4.7% | |
| Employees | 248 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | leverage <7%, leverage <5%, losing money, expense ratio p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 7 |  |  |
| 2011-09 | 8 | capital falling |  |
| 2011-12 | 8 |  |  |
| 2012-03 | 8 | deposits shrinking, assets shrinking, uninsured deposits leaving | losing money, expense ratio p90, capital falling |
| 2012-06 | 6 |  | deposits shrinking, assets shrinking |
| 2012-09 | 6 |  |  |
| 2012-12 | 5 |  | uninsured deposits leaving |
| 2013-03 | 8 | capital falling, losing money, expense ratio p90 |  |
| 2013-06 | 8 | NIM <2.5% | capital falling |
| 2013-09 | 9 | deposits shrinking, assets shrinking | NIM <2.5% |
| 2013-12 | 10 | capital falling |  |
| 2014-03 | 11 | uninsured deposits leaving |  |
| 2014-06 | 7 | NIM <2.5% | leverage <7%, leverage <5%, construction >100% equity, capital falling |
| 2014-09 | 6 |  | uninsured deposits leaving |
| 2014-12 | 6 |  |  |
| 2015-03 | 4 |  | losing money, NIM <2.5% |
| 2015-06 | 6 | losing money, charge-offs p90 |  |
| 2015-09 | 4 | capital falling | deposits shrinking, assets shrinking, charge-offs p90 |
| 2015-12 | 4 |  |  |
| 2016-03 | 3 |  | losing money |
| 2016-06 | 3 |  |  |
| 2016-09 | 2 |  | capital falling |
| 2016-12 | 3 | noncurrent p90 |  |
| 2017-03 | 4 | losing money |  |
| 2017-06 | 5 | capital falling |  |
| 2017-09 | 6 | wholesale funding >15% |  |
| 2017-12 | 7 | loans exceed deposits |  |

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

- 2026-05-20 [9 GOP MD governor candidates a stark contrast to party in Larry Hogan’s day - Maryland Daily Record](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNQ1ZlQnpHV3QwdElCNlVHVWRmNkZ6RFdmS3U5dFdlaERibnpId2YxYmF2OUg2ZWxEOXh2aEZaSERlcWJSYWFULXJiMHpBc0o0NzZSUUNLcFJXR3FHNEgzTDVmS3lvUzN3aTd2QTFuTlN0bkZQMEZQOHZfY0ZqdkRpZTdMZXBUVHJR?oc=5) · Maryland Daily Record
- 2018-07-02 [WaPo: Former First Mariner Bank division now an exemplar of predatory lending - Baltimore Fishbowl](https://news.google.com/rss/articles/CBMitgFBVV95cUxPdVVFN3lMTDZpekFSQTNSdkFaRko1eThVckI2dWtHajZReG5uSTNhdkFGSXVCQWJfM01ZRkVpOGhvRmQwN0g5dWRVeVc2eU13R3FZWl8zM3JNSFJBenFOYllTV1pXYTFEZGN5YWRwakRfclZ3LWRZTkgxZFE5b3FZLXBXR2FhN0VOQ1QzQnlGRG9HXzE2eEEwU1JJNVJaU3p5b1dWdkVJRGs4Sm56QTR1WlhGNVVFQQ?oc=5) · Baltimore Fishbowl
- 2025-05-02 [SUN: Former bank exec Ed Hale to challenge Maryland Gov. Wes Moore in 2026 Dem primary - WBFF](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOOXRLNDRrWVJvc0VXV1BTYWhyTDJWQzZCY2k4dXN1LU92bDYzeWhLY2tEMzB4bHJFZUdRckdRV1ltSDRMaFRfSnlwcmxUa19xLXItYTBIdnlNbG9YYTBoUGlZVUdObUpJNGljc0I3UFFROVp3VUhNbzNOX1M4dHhwVmc3TVh5QncwUkZiU185ZHo2UUlZMEdVRXV3ZUhnQXNtR0MtTjk1a0tqdw?oc=5) · WBFF
- 2011-04-19 [First Mariner’s Chairman Ed Hale to step down - Maryland Daily Record](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPay13dDRlT2NXRjcxLXJ4V0Rkd2g5Q1VESmV1WTk0djZEcTZ0MVRLYUtKZUpvWHNmVjV1R2lCQlB0UXgzTkJIN3NIM0FzeGRQd2tOaXlzUHEyMHp6T1F2bHNueER5bDMtTVRuVnpYSi1LaDFYZkZmU3dXRGg2WkRXWVQxVm9sdGhoeURB?oc=5) · Maryland Daily Record
- 2015-06-23 [1st Mariner Bank recovering and hoping to grow, one year after purchase - Baltimore Sun](https://news.google.com/rss/articles/CBMisAFBVV95cUxPVVNXTkdhMm9pTmFUQUdXWUY5UlJ4TWpORWlSWVpBMHlyS18yMkxwZzY3MzRpdWFfXzNPMzB4a2V1QlNvN1lkYUxBNnUxRDBsZ2x1ckZRdW02aGc5a0R4QTYwZWk4dU1TQ0tZTUt3UmVSZ3VoVTFvajBiTVdKOVJyUFhndG5rQnE5ZjFLOWozTzJWMGNNaVAzM1JtbndLT3IxdmtoOVR4d2UzUlNfeVNJaw?oc=5) · Baltimore Sun
- 2020-01-13 [Former bank CEO aims to start new Maryland bank - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQVGhVaDBKRmFfTm1KMkNXRkRXVXJjbHJodEpiV2NDR0pMMDM0QmpuUzN0SDY2X0x1RVhvR0c3M0pCQU52MTZDVm9aYWZtVXRKV1c0bUVRSURSTTNqT0V4aWpLR05tVFgydElWSVhfajk5REJzZHZOLVNwWnZhQmhQbVU0M2xKcU5yRnY5RGFwdS1kWlNnMXZfWmdOM3I4RGtDang0TkhzQW53bkE?oc=5) · The Business Journals
- 2008-07-08 [District of Maryland - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMilwFBVV95cUxOVkRYWFNuR0tNWGF4SnRHR0d5ZUUwZGtDeDJwdFQtR1dCblU0N3FlYVBOT2locXdCanl6MTlZUE9SV19TakNCeDJXbHkycmswN2FDTXRySjAxWXNWRzBBcjZHLWNIYzJLYVU5Q3dkaUp4M1FvTUFRR1oxZ0VfMDNvcGZyUEo1LTN0VW1WYXZoaWlGRzlHNGdZ?oc=5) · Department of Justice (.gov)
- 2013-10-01 [Police arrest 3 women in bank robbery - WBAL-TV](https://news.google.com/rss/articles/CBMiggFBVV95cUxPN0hpdzNCbVBVcFJiODlNTVNRM2dtcTV5WnlCMEFIX3VncXBxelBBc08zVGVsSmhIc1h4Vkk4Z2otVlV1TWFNVThCOTlwSEE1UEZaSHltTUwzLVY4emoxYS1ySVBVYlVXRzVTZ0QzQ1A5OXpWUUVoYjNvakNwdEJZSVR3?oc=5) · WBAL-TV

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=31286 (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/54.json (key "31286", 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