# MARINERS BANK
EDGEWATER, NJ · FDIC certificate 35479 · asset band $300M-1B · latest filing 2021-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (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 | $435.3M | |
| Deposits | $391.1M | |
| Loans and leases | $334.1M | |
| Total equity | $43.2M | |
| Loans / deposits | 84.78% (p78 of band) | 70.11% |
| Liquid assets / assets | 20.48% (p16 of band) | |
| Uninsured deposits / deposits | 37.22% (p81 of band) | 26.09% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p12 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.88% (p52 of band) | 9.79% |
| Unrealized securities loss / equity | 0.09% (p32 of band) | 0.82% |
| AOCI / equity | -0.01% (p88 of band) | |
| ROA (annualized) | 1.44% (p67 of band) | 1.18% |
| Net interest margin | 3.33% (p49 of band) | 3.35% |
| Efficiency ratio | 64.45% (p58 of band) | |
| Noncurrent loans | 2.16% (p94 of band) | 0.36% |
| Net charge-offs (annualized) | 0.15% (p94 of band) | |
| Reserve coverage of noncurrent | 34.58% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 28.70% (p42 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 7.3% | |
| Employees | 52 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 3 | noncurrent p90 |  |
| 2011-09 | 2 |  | noncurrent p90 |
| 2011-12 | 3 | losing money |  |
| 2012-03 | 2 | assets shrinking | charge-offs p90, losing money |
| 2012-06 | 3 | losing money, expense ratio p90 | assets shrinking |
| 2012-09 | 3 | capital falling, uninsured deposits leaving | losing money, expense ratio p90 |
| 2012-12 | 7 | losing money, expense ratio p90, deposits shrinking, assets shrinking |  |
| 2013-03 | 4 | charge-offs p90 | capital falling, uninsured deposits leaving, deposits shrinking, assets shrinking |
| 2013-06 | 6 | deposits shrinking, assets shrinking |  |
| 2013-09 | 6 |  |  |
| 2013-12 | 6 |  |  |
| 2014-03 | 2 |  | reserve under noncurrent, losing money, expense ratio p90, assets shrinking |
| 2014-06 | 3 | uninsured deposits leaving |  |
| 2014-09 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2014-12 | 3 | loans exceed deposits, capital falling |  |
| 2015-03 | 1 |  | charge-offs p90, capital falling |
| 2015-06 | 3 | liquid assets <10%, reserve under noncurrent |  |
| 2015-09 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2015-12 | 1 | capital falling | reserve under noncurrent |
| 2016-03 | 1 | reserve under noncurrent | capital falling |
| 2016-06 | 1 | loans exceed deposits | reserve under noncurrent |
| 2016-09 | 0 |  | loans exceed deposits |
| 2016-12 | 1 | loans exceed deposits |  |
| 2017-03 | 1 | capital falling | loans exceed deposits |
| 2017-06 | 4 | loans exceed deposits, liquid assets <10%, expense ratio p90 |  |
| 2017-09 | 1 |  | loans exceed deposits, liquid assets <10%, expense ratio p90 |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 | charge-offs p90 | capital falling |
| 2018-06 | 1 |  |  |
| 2018-09 | 0 |  | charge-offs p90 |
| 2018-12 | 1 | charge-offs p90 |  |
| 2019-03 | 0 |  | charge-offs p90 |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | reserve under noncurrent |  |
| 2020-03 | 2 | charge-offs p90 |  |
| 2020-06 | 2 | uninsured deposits leaving | charge-offs p90 |
| 2020-09 | 1 |  | uninsured deposits leaving |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | charge-offs p90 |  |
| 2021-06 | 3 | noncurrent p90 |  |
| 2021-09 | 3 |  |  |

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

- 2021-07-17 [Edgewater-based Mariner's Bank, founded by Fred Daibes, to be sold - Bergen Record](https://news.google.com/rss/articles/CBMitAFBVV95cUxNYXZBSk9BQS16SFJtRW5yVG83cEtBeTZUeTBvM2xYV3UzTzVxV2F0ZnBfazdUbHZjeUNncXJBejlia3NaR3BpZFBjVEFtOFdHX183V0JQRnh6NkdCM3JiZF9hWDZ4NDdsbExUbzg5ek5xNnB2amRaSGN4VDl0RUlTQWVDTXZVTXhpdElVaFd4TUc2YVI4dXpQVVd6VFVFNW5EbElGTVNYaGdJd1BoX21XRzAxQ0k?oc=5) · Bergen Record
- 2024-09-05 [Former CEO of Mariner’s Bank and accomplice admit roles in obtaining nominee loans from Mariner’s Bank - WRNJ Radio](https://news.google.com/rss/articles/CBMiwAFBVV95cUxOVGhHUkFrWTNRanFDM1lCYWwyOFdpTzFQbFl0MkxDWVgzU25DS2xEVXU4T081aXg3RkR3MWhCbkp2QUdyQ2VNT1IySjM0aXVCRTRFcXIzc2dFemdndHFYeFItdWZFZjBRWUw3N2lIeGlYOUxVajhRaGc3LXItd21zOFRnb0dMOEtZNGRBYlktN2VMakE0WUlPZHhZRGt1LUtWWGhsRWtrbnlOOUllZkZ1Nl8xSDBqSnBQamNzN1UyQzQ?oc=5) · WRNJ Radio
- 2022-04-29 [N.J. ‘Gold Coast’ developer cuts deal, pleads guilty in loan scam - NJ.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxNV2psbkJlVFd4TGpERDlSbERwZlZubklvWUZvY0hjWHo3X01sRTlabGVlN1pjeDI4Q0JBYUhtQXZINnhSVUZlcDJrVlVEVDVhQlB6ckNRdVJIQUd0eEhGeW9kMTVydjczLWlmWmtUMGpXUTNoUURJMUxSdXNaYjM4bGF5OWxZMkFFeFFKaEtKZGk4VGY4NUFIZTJQWW5wMmky0gG0AUFVX3lxTFBQQ1RQNjhjekFZekZOeGdQQ0V5WU11dkVqeGtiT01ueXhqbzAwWGdWem5Zb2NnRWpWaENFT2gxVGQ3ZTF5OWZiNXc3cUtVVk91RFNhd3FEN2VueEF6NjhHV29nMWdsMUpWZkM1VkNSdUhVQVZwU25sT0tWUnJjeGFpUExHa0VRQmxqanVyUUdLcGRDNFJyNDdqLUxRc0FpVkFoaUlQTFhlYUFCS0V1RmtxODE5Tg?oc=5) · NJ.com
- 2024-09-06 [Former Mariner's Bank CEO, Accomplice Plead Guilty to Fraud in $1.8 Million Loan Scheme - RLS Media](https://news.google.com/rss/articles/CBMiS0FVX3lxTE5QMjJYa1Z5V1lyT2hjdUNIYUFxc19SMXFZeUZaMDQxY3E3Q09BX2ZKajVhangzWlpzemp3bzFXQ2ptekdwdmVOeGFnNA?oc=5) · RLS Media
- 2010-08-06 [Woodbridge Bank Robbery Suspect Could Have Connections to West Orange Case - Patch](https://news.google.com/rss/articles/CBMipgFBVV95cUxNLURQSDdBcUVyUklhSFhMbk8td21wd3RjTExRbTdlc0E3YTNXXzltTm1HRE91YV80YUk0WGpaYlV5YUo4c1g5TWtuWW1tQ25ieUNnS2s3VnN1RXVvM1FwMm9oQXV6Mm1Db0hMTzRUZmZUYVBrZnVSRFUtbTd0Nkp1cjdWVHVOQkQ2MWhJYmVhd0lCRWpocTVxOFVNQnhrYk1MQm42YTZn?oc=5) · Patch
- 2012-11-19 [Debra Vermeulen Obituary (2012) - Not Provided, NJ - The Record/Herald News - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNcTJZN3RIaHZ2WkdIY2FVX0lkUFc0d1ZVd3NkQzB0M1hXU2xMV2ZlUVFGcXNlNVZfSVRWQVlicG1telBnZ1d6aFJ6c1ZLcnZyY056Sy1OM2VTcXJySTZXTE04NlcwWnhWYXBleGlnUi1lRW82eXpqdVVlRk1ia2lJTGlLT01rZjFVckt0LTdieHpKRUR1?oc=5) · legacy.com
- 2009-11-06 [Minolta manager who kited checks from Edgewater bank sentenced to prison - DailyVoice.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxPcFBPNmVnbVVBQWRISkZBaHJEQi1jdXppUmt6SVZhbnEzNkUtcG5mYmpjUmlFRUJWVTctOWluU3JFajlteHoxZXVjQ2R1d19VdkNVN3J1c19XQzBsNVZHcDljM243YklCRXY1b0NRMnAwRmZNRk4tOWgySGxrRXdmWUJSR1R2cjVmV0piaDM4OWRyTWg0QzV6OE9vbDdBbWQxR0cxUE9YNA?oc=5) · DailyVoice.com
- 2010-08-18 [Two Charged in Bank Robbery; FBI Says At Least One Admitted To West Orange Heist - Patch](https://news.google.com/rss/articles/CBMijgFBVV95cUxNQ3J2cmExWUNvOEczdFlNRHQyRlFjSE43eUo1TFdrV1ZURjVPYnI4a29USFBCREJSWFdqejZLMWdoTjBvcWhzdUpzcmhvbk84Uk5OSzgyVEFQTmNnSXBsbFVqUmoyUkVYV0MyYnNKQ0p5XzNVZFVLZGtFSDllbDNNaGxkcVI1NGV3TTRqS25B?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35479 (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/23.json (key "35479", 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