Maryland Second Mortgage
First Mariner Announces 28% Increase in Quarterly Profits
BALTIMORE, July 18 /PRNewswire-FirstCall/ -- First Mariner Bancorp (Nasdaq: FMAR - News), parent company of First Mariner Bank and Finance Maryland, LLC, today announced its net income for the second quarter of 2006 grew by 28%, totaling $2.203 million ($.33 per diluted share) compared to net income for the quarter ended June 30, 2005 of $1.727 million ($.27 per diluted share). For the six-month period ended June 30, 2006, net income totaled $3.861 million ($.58 per diluted share), an increase of 24% from $3.102 million ($.48 per diluted share) for the same period last year. First Mariner reported its total assets ended the second quarter at $1.397 billion.
Edwin F. Hale, Sr., First Mariner's chairman and chief executive officer, said, "Our second quarter results were lifted by strong performance in fee- related revenue, particularly strong mortgage banking revenue and continued growth in our consumer finance operations.
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Anne Arundel Education Notes
The county public schools encourage parents who are enrolling their children in school for the first time or transferring them between schools to complete registration as soon as possible. The 2006-2007 school year begins Aug. 28.
Proof of age is required for all kindergarten and new first-grade students. The school system encourages parents who must register their children to contact their school's guidance department for assistance.
The following documents are required for enrollment: Maryland transfer form (required for a transfer from a public school in Maryland); residency documentation (lease, mortgage papers or tenant verification form); a second form of residency documentation (may include property tax bill, utility bill, current bank statement); evidence of birth; immunization record; and custody papers, if available.