First Mariner Bancorp's bleeding increased during the second quarter as continued write-downs on real estate and bad loans left the Baltimore company with $11 million in losses.
The 1st Mariner Bank parent, locked in a battle for survival, said Friday that its loss during April through June was more than double that of a year earlier.
But the almost $4.7 million loss during the second quarter of 2010 would have been higher if not for a $3.8 million tax benefit during that period, the company said. It received no tax benefit this year.
No comments:
Post a Comment