| Business Summary | | First
Mariner
Bancorp
is
a
bank
holding
company
whose
business
is
conducted
through
its
wholly
owned
subsidiary,
First
Mariner
Bank
(the
Bank).
The
Bank
is
an
independent
community
bank
engaged
in
the
general
commercial
banking
business,
with
particular
emphasis
on
the
needs
of
individuals
and
small
to
mid-sized
businesses.
The
Bank
offers
residential
lending
services
through
its
wholly
owned
subsidiary,
First
Mariner
Mortgage
Corporation,
and
serves
the
central
region
of
Maryland
through
25
full-service
branches
and
44
automated
teller
machines.
As
of
December
31,
2000,
the
Company
had
total
assets
of
$677.45
million.
The
Bank
focuses
its
commercial
loan
originations
on
businesses
that
generally
report
up
to
$20
million
in
annual
sales.
Retail
banking
activities
emphasize
consumer
deposit
and
checking
accounts.
Mortgage
banking
capabilities
include
FHA/VA
origination,
conventional
and
non-conforming
mortgage
underwriting
and
construction
and
permanent
financing. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FMAR
is
the
holding
company
of
First
Mariner
Bank,
an
independent
community
bank
engaged
in
general
commercial
banking
business
with
individuals
and
small
to
mid-sized
businesses.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
12%
to
$26.7
million.
Net
interest
income
after
loan
loss
provision
rose
18%
to
$11.2
million.
Net
income
totaled
$813
thousand,
up
from
$240
thousand.
Results
reflect
an
increase
in
interest
earning
assets
and
an
increase
in
services
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Edwin Hale, Sr., 54 Chairman
and CEO of the Company and the Bank | $365K | Joseph Cicero, 56 Pres
of the Company and COO of the Bank | 178K | George Mantakos, 58 Exec.
VP of the Company and Pres of the Bank, Director | 155K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|