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Overview / Commentary
935 River Road
Edgewater, NJ 07020

Mariner's Bank is headquartered in Edgewater and is the 69th largest bank in the state of New Jersey. It is also the 2,552nd largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 53 employees at 7 locations. Mariner's Bank's money market rates are 20% higher than the national average, and it has a C+ health rating.

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Mariner's Bank had $6.91 million in non-current loans and owned real-estate with $26.43 million in equity and loan loss allowances on hand to cover it. This gives Mariner's Bank a Texas Ratio of 26.15% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Mariner's Bank decreased slightly from 36.70% as of December 31, 2012 to 26.15% as of December 31, 2013, resulting in a positive change of 28.75%.This indicates that the balance sheet and financial strength for Mariner's Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Mariner's Bank has decreased its total deposits by -$24.25 million, resulting in -9.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Mariner's Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Mariner's Bank has $249.44 million in assets with $26.43 million in equity, resulting in a capitalization level of 10.60%, which is above average.

Institution Statistics

FDIC Certificate #35479
Year Established2001
Primary RegulatorFDIC
Assets and Liabilities
Assets$249.44 million
Loans$184.06 million
Deposits$224.92 million
Equity Capital$23.39 million
Loan Loss Allowance$3.04 million
Unbacked Noncurrent Loans$3.15 million
Real Estate Owned$3.76 million
Historic Data - December 2012
Assets$274.20 million
Equity Capital$24.28 million
Loan Loss Allowance$5.24 million
Unbacked Noncurrent Loans$3.15 million
Real Estate Owned$2.79 million
Profit Margin - Quarterly
Net Interest Margin3.75%
Return on Assets-0.26%
Return on Equity-2.8%
Interest Income$11.05 million
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Mariner's Bank Money Market Rates

0.53%$5k$1mSafe Harbor Account
0.35%$5k$1mMariner's NOW Account

Mariner's Bank CD Rates

1.21%$1k-36 Month CD
1.17%$1k-24 Month CD
0.81%$1k-18 Month CD
0.62%$1k-12 Month CD
0.35%$1k-6 Month CD

Mariner's Bank Locations
Park Ridge Branch165 Kinderkamack RoadPark Ridge, NJ 7656
Waterford Branch190 River RoadEdgewater, NJ 7020
Hackensack Branch240 Essex StreetHackensack, NJ 7601
Paramus Branch242 Oradell AvenueParamus, NJ 7652
Dumont Branch562 Washington AvenueDumont, NJ 7628
Cliffside Park Branch757-763 Palisade AvenueCliffside Park, NJ 7010
Mariners Bank935 River RoadEdgewater, NJ 7020