First Mariner Bancorp (fka FMARQ)

[56Chevy]

Thanx for the report EI

Although 1st Mariner Bank continues to improve very nicely it remains slightly in the "undercapitalized" catagory for a bank.

As of September 30, 2012, 1st Mariner Bank's capital ratios were as follows: Total Risk Based Capital 7.1%; Tier 1 Risk Based Capital 5.8%; and Leverage 4.1%. (shown in red below)

PCA Capital Category

Threshold Ratios

1 = Total Risk-based Capital ratio
2 = Tier 1 Risk-based Capital ratio
3 = Common Equity Tier 1 Risk-based Capital ratio
4 = Tier 1 Leverage ratio

TO BE CONSIDERED:

Well capitalized

1 - 10%
2 - 8%
3 - 6.5%
4 - 5%

Adequately capitalized

1 - 8%
2 - 6%
3 - 4.5%
4 - 4% (FMAR comes in at 4.1%)

Undercapitalized

1 - < 8% (FMAR comes in at 7.1%)
2 - < 6% (FMAR comes in at 5.8%)
3 - < 4.5%
4 - < 4%

Significantly undercapitalized

1 - < 6%
2 - < 4%
3 - < 3%
4 - < 3%

Critically undercapitalized
Tangible Equity/Total Assets</= 2%

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Another good Qtr like this one and FMAR could rise into the catagory of being an "Adequately capilalized" bank. And from all indications that's where this is headed.

This has been over a 3 year struggle for the bank and they've done a good job...Keep it up FMAR!