Rights Offering/Public Offering First Quarter 2010

Legal Disclosure Free Forward Looking Statements  In addition to historical information, this presentation may contain forward-looking statements that involve risks and uncertainties, such as statements of the Company’s plans and expectations regarding efficiencies resulting from new programs and expansion activities, revenue growth, anticipated expenses, and other unknown outcomes.  The Company’s actual results could differ materially from management’s expectations.  Factors that could contribute to those differences include, but are not limited to, changes in regulations applicable to the Company’s business, successful implementation of the Company’s branch expansion strategy, its concentration in real estate lending, increased competition, changes in technology, particularly internet banking, impact of interest rates, possibility of economic recession or slow down (which could impact credit quality, adequacy of loan loss reserve and loan growth) and control by and dependency on key personnel, particularly Edwin F. Hale, Sr., Chairman of the Board of Directors and CEO of the Company. 

Free Writing Prospectus Statement

First Mariner Bancorp has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.   Alternatively, First Mariner Bancorp will arrange to send you the prospectus if you request it by calling toll free 1-888-742-1305.  The prospectus and the other documents can also be obtained for free from the “Investor Relations – Documents” section of the Company’s website at http://www.snl.com/Irweblinkx/doc.aspx?IID=1024706&DID=10763075.

The shares of common stock being offered are not savings accounts or deposits and are not insured or guaranteed by 1st Mariner Bank or First Mariner Bancorp, the Federal Deposit Insurance Corporation or any other government agency.

Term Sheet Issuer : First Mariner Bancorp Ticker Symbol / Exchange: FMAR / NASDAQ Global Market Type of Offering: Rights Offering / Public Offering Securities Offered: Common stock Record Date for Rights Holders: 5 p.m. EST on February 12, 2010 Eligible Buyers Shareholders as of Record Date have first priority in offering Remaining shares offered to general public Maximum Gross Proceeds: $20.0 million (Minimum of $10.0 million) Subscription Price: $1.15 per share Subscription Deadline: 5 p.m. EST on March 24, 2010 Use of Proceeds: Increase Bank and Holding Company capitalization and general corporate purposes

Summary Statistics Total Assets $1.4 billion Gross Loans $891 million Total Deposits $1.1 billion Tangible Common Equity $26.9 million Tangible Common Equity per Share $4.18 Shares Outstanding 6,452,631 Market Capitalization (at February 19, 2010) $7.4 million Insider Ownership¹ 22.3% Headquarters Baltimore, MD Branches (as of February 19, 2010) 23 At December 31, 2009 Note: Data at December 31, 2009 (unaudited) unless otherwise noted See page 26 for a reconciliation of tangible common equity and other non – GAAP financial measures ¹ Common shares owned by Directors and Executive Officers; ownership as a percentage of current common shares outstanding (excludes options and warrants)

Experienced Management Team Years Years in with Name Title/Function Banking FMAR Edwin F. Hale, Sr. Chairman and CEO 18 15 Mark A. Keidel President and COO 27 10 Paul B. Susie SVP and CFO 9 < 1 George H. Mantakos EVP and President of First Mariner Bank 50 15 Dennis Finnegan EVP - Retail Banking 37 11 Robert Warr EVP - Loan Workout and Risk Management 31 13 Linda Edwards SVP - Branch Administration 40 15 Randall James SVP and Treasurer 7 < 1 Edward Perry President - First Mariner Mortgage 25 4 Average 27 9

Branch Footprint First Mariner’s core market area is the Baltimore Metropolitan area with branches located in central Maryland, as well as portions of Maryland’s Eastern Shore. The Bank recently announced plans to close its Pennsylvania branch in the second quarter of 2010. Pennsylvania Maryland

Deposit Market Share Source: SNL Financial; FDIC Baltimore MSA Baltimore, MD MSA - Deposit Market Share June 30, 2009 June 30, 2008 2009 Rank 2008 Rank Institution (ST) Branches Deposits in Market ($000) Market Share (%) Deposits in Market ($000) Market Share (%) 1 1 Bank of America Corp. (NC) 105 $13,439,214 24.79% $12,517,199 25.60% 2 2 M&T Bank Corp. (NY) 135 10,761,639 19.85 8,793,596 17.98 3 3 PNC Financial Services Group (PA) 95 5,020,933 9.26 4,729,011 9.67 4 4 Wells Fargo & Co. (CA) 55 4,387,507 8.09 4,178,134 8.54 5 5 BB&T Corp. (NC) 60 3,158,828 5.83 2,813,251 5.75 6 6 SunTrust Banks Inc. (GA) 53 1,910,531 3.52 1,591,925 3.26 7 7 Susquehanna Bancshares Inc. (PA) 26 1,100,861 2.03 986,832 2.02 8 9 First Mariner Bancorp (MD) 24 1,066,755 1.97 925,374 1.89 9 11 Wilmington Trust Corp. (DE) 1 1,055,687 1.95 712,845 1.46 10 10 Fulton Financial Corp. (PA) 19 898,356 1.66 763,548 1.56 11 8 Eastern SB FSB (MD) 5 833,214 1.54 932,905 1.91 12 12 Severn Bancorp Inc. (MD) 4 722,722 1.33 674,097 1.38 13 13 Capital One Financial Corp. (VA) 25 670,614 1.24 584,513 1.20 14 15 Sandy Spring Bancorp Inc. (MD) 12 530,382 0.98 484,601 0.99 15 14 K Capital Corp. (MD) 7 504,726 0.93 493,701 1.01 Total For Institutions In Market 848 $54,219,841 $48,904,570

Balance Sheet Growth FMAR CAGR: 19.8% Total Assets Note: Impact of sale of Mariner Finance LLC on September 30, 2009 - Reduced assets by $106 million Data at December 31, 2009 is unaudited ¹ Includes bank holding companies nationwide with assets between $1bn and $3bm Source: SNL Financial Peers¹: 11.4% $0mm $200mm $400mm $600mm $800mm $1,000mm $1,200mm $1,400mm $1,600mm 1996Q4 1997Q4 1998Q4 1999Q4 2000Q4 2001Q4 2002Q4 2003Q4 2004Q4 2005Q4 2006Q4 2007Q4 2008Q4 2009Q4

Balance Sheet Growth Gross Loans Note: Impact of sale of Mariner Finance LLC on September 30, 2009 - Reduced loans by $106 million Data at December 31, 2009 is unaudited ¹ Includes bank holding companies nationwide with assets between $1bn and $3bm Source: SNL Financial FMAR CAGR: 19.1% Peers¹: 12.2% $0mm $100mm $200mm $300mm $400mm $500mm $600mm $700mm $800mm $900mm $1,000mm 1996Q4 1997Q4 1998Q4 1999Q4 2000Q4 2001Q4 2002Q4 2003Q4 2004Q4 2005Q4 2006Q4 2007Q4 2008Q4 2009Q4

Balance Sheet Growth Deposits Note: Data at December 31, 2009 is unaudited ¹ Includes bank holding companies nationwide with assets between $1bn and $3bm Source: SNL Financial FMAR CAGR: 20.4% Peers¹: 10.4% $0mm $200mm $400mm $600mm $800mm $1,000mm $1,200mm 1996Q4 1997Q4 1998Q4 1999Q4 2000Q4 2001Q4 2002Q4 2003Q4 2004Q4 2005Q4 2006Q4 2007Q4 2008Q4 2009Q4

Loan Portfolio At December 31, 2009 Note: Unaudited data at December 31, 2009 Loan Portfolio by Type Loan Portfolio by Location Other 5.0% Maryland 85.0% Pennslyvania 3.0% Virginia 4.0% DC 3.0%

Credit Quality NPLs as of December 31, 2009 declined by 7% from December 31, 2008 90+ Days past due delinquencies experienced significant improvement over the last quarter Reserves declined from June to September 2009 due to the sale of Mariner Finance LLC Note: Dollars in thousands; Unaudited data at December 31, 2009 ¹ Peers include bank holding companies nationwide with assets between $1bn and $3bn As of 06/30/08 09/30/08 12/31/08 03/31/09 06/30/09 09/30/09 12/31/09 30-89 Days Past Due $40,880 $50,300 $48,168 $55,379 $55,081 $37,387 $51,182 Nonperforming Assets: Nonaccrual Loans 29,609 39,236 38,763 42,734 33,045 29,654 35,799 Other Real Estate Owned 19,102 16,466 18,994 22,403 29,384 24,703 21,630 Total Nonperforming Assets $48,711 $55,702 $57,757 $65,137 $62,429 $54,357 $57,429 90 or More Days Past Due 16,539 11,643 9,679 10,742 16,893 20,159 9,224 Total NPAs + 90 Days Past Due $65,250 $67,345 $67,436 $75,879 $79,322 $74,516 $66,653 NPAs/Assets 3.78% 4.36% 4.42% 4.72% 4.28% 3.85% 4.15% NPAs + 90 Days Past Due/Assets 5.06% 5.28% 5.16% 5.50% 5.43% 5.28% 4.81% Peers¹ 1.53% 1.79% 2.33% 2.63% 3.03% 3.19% 3.23% Reserves $14,543 $15,195 $16,777 $15,515 $16,318 $11,054 $11,693 Reserves/Loans 1.57% 1.62% 1.71% 1.58% 1.64% 1.23% 1.31%

Credit Quality Note: Dollars in thousands; Unaudited data at December 31, 2009 At December 31, 2007 2008 2009 Nonperforming Assets: Commercial loans and lines of credit $0 $603 $535 Commercial construction 8,869 19,453 20,339 Commercial mortgages 5,027 6,214 12,413 Commercial residential construction 5,661 11,048 8,018 Alt A first and second mortgages 21,183 15,851 4,972 Other residential mortgages 823 1,343 7,931 Other consumer 1,807 3,245 3,221 Total Nonperforming Assets $43,370 $57,757 $57,429

Deposit Composition Taking market share from regional/super-regional banks but demanding relationship pricing At December 31, 2009 Note: Unaudited data at December 31, 2009 CDs, Less than $100,000 36.1% Noninterest Bearing 9.8% Brokered CDs 7.3% CDs, $100,000 or More 27.3% Savings and Money Market 18.4% Interest Bearing Transaction 1.0% Deposits As % of Deposit Type ($000) Deposits Noninterest Bearing $112,192 9.79% Interest Bearing Transaction 11,723 1.02% Savings and Money Market 211,230 18.42% CDs, $100,000 or More 313,456 27.34% CDs, Less than $100,000 413,730 36.09% Brokered CDs 84,173 7.34% Total Deposits $1,146,504 100.00%

Trust Preferred Potential Reduction of Long-Term Debt¹ ¹ Subject to shareholder approval ² Excludes equity interest held by holding company Possible Redemption Trust Preferred and Exchange Amount Outstanding Trust Securities² with Ed Hale After Exchange First Mariner Capital Trust II $10.0 Million ($4.0 Million) $6.0 Million First Mariner Capital Trust III $14.5 Million $14.5 Million First Mariner Capital Trust IV $12.0 Million ($6.0 Million) $6.0 Million First Mariner Capital Trust V $10.0 Million $10.0 Million First Mariner Capital Trust VI $10.0 Million $10.0 Million First Mariner Capital Trust VII $5.0 Million $5.0 Million First Mariner Capital Trust VIII $10.0 Million ($10.0 Million) $0.0 Million Total $71.5 Million ($20.0 Million) $51.5 Million Percentage Change (28.0%) Annual Interest Expense $2.55 Million ($0.97 Million) $1.58 Million Percentage Change (37.9%)

Pro Forma Capitalization $1.15 Per Share Pro Forma Pro Forma Pro Forma Adjustments Pro Forma $10mm (Minimum) $20mm (Maximum) for Sale of Adjustments Historical at Mariner For Without With Without With Sept. 30, 2009 Finance Exchange² Exchange Exchange² Exchange Exchange² Common stock $0.05 par value: 75,000,000 shares authorized; shares to be issued as reflected ¹ 323 323 410 758 845 1,193 1,280 Additional paid-in capital 56,770 56,770 69,447 65,735 78,412 75,300 87,977 Retained deficit (22,803) (22,803) (22,803) (22,803) (22,803) (22,803) (22,803) Accumulated other comprehensive loss (4,855) (4,855) (4,855) (4,855) (4,855) (4,855) (4,855) Total shareholders’ equity 29,435 29,435 42,199 38,835 51,599 48,835 61,599 Total shares outstanding 6,452,631 6,452,631 8,191,761 15,148,283 16,887,414 23,843,736 25,582,867 Tangible book value per share $4.56 $4.56 $5.15 $2.56 $3.06 $2.05 $2.41 Regulatory Total Shareholders’ Equity / Total Assets 2.1% 2.1% 3.0% 2.8% 3.7% 3.5% 4.3% Requirements 3/31/10 6/30/10 Regulatory capital ratios of First Mariner Bank Tier 1 leverage capital 5.4% 6.1% 6.1% 7.1% 7.1% 7.8% 7.8% 6.5% 7.5% Tier I risk-based capital 6.7% 7.6% 7.6% 8.7% 8.7% 9.6% 9.6% Total risk-based capital 8.4% 9.4% 9.4% 10.4% 10.4% 11.4% 11.4% 10.0% 11.0% Regulatory capital ratios of First Mariner Bancorp, Inc. Tier 1 leverage capital 2.4% 2.4% 4.2% 3.3% 5.2% 4.3% 6.1% 4.0% 4.0% Tier I risk-based capital 2.7% 2.7% 4.8% 3.8% 5.9% 4.9% 6.9% 4.0% 4.0% Total risk-based capital 5.4% 5.4% 8.8% 7.6% 9.6% 9.7% 10.4% 8.0% 8.0% Note: See Appendix for a reconciliation of historical tangible book value per share ¹ The number of shares of common stock to be outstanding after the stock offering is based on the number of shares outstanding as of February 12, 2010 and excludes 668,593 shares of our common stock issuable upon exercise of outstanding options on such date, at a weighted average exercise price of $12.19. ² The table also reflects the pro forma impact of the proposed Exchange pursuant to which First Mariner would eliminate $20.0 million aggregate liquidation amount of trust preferred securities in exchange for $2.0 million of common stock and warrants to purchase up to an additional 20% of such shares of common stock.

Road Back to Profitability Note: Some cost savings initiatives have been implemented previously. Other initiatives are in process. There can be no guarantee that all initiatives will be achieved. Expense control initiatives taken: Closed four branches, closing only branch in PA, and sold one branch Management salaries reduced by 10% in 2008 Reduced headcount by 90 full-time salaried positions Employee salaries frozen, eliminated 5 paid holidays, and suspended 401K match Initiatives in process: If Trust Preferred exchange is approved by shareholders, interest expense related to the Trust preferred will be reduced Cost of deposits should improve as $400 million of CDs mature in the next year Working to identify and reduce costs in all phases of operations, including renegotiating large service contracts Additional savings once asset quality is successfully managed and regulatory enforcement actions are terminated: the provision for loan and lease losses, fees for consultants and advisors, FDIC deposit insurance, corporate liability insurance, OREO management expense, NPA collection expense

Why Invest in FMAR? ¹ Unaudited data at December 31, 2009 Subscription Price of $1.15 per share equals 27.5% of tangible book value per share ($4.18) at December 31, 20091 Subscription Price of $1.15 represents an 18.4% discount to FMAR’s closing Stock Price of $1.41 on the day prior to public disclosure of the Subscription Price FMAR is the largest in Baltimore and the 4th largest bank headquartered and operating in Maryland Strong name recognition and reputation in its market area Board and management team have a significant investment in FMAR Uniquely positioned to capitalize on opportunities created by the acquisitions of Provident and Mercantile by out of state banks Trust Preferred Exchange will be beneficial to Holding Company Capital Ratios, Tangible Book Value per Share and utilizes a significant portion of the Deferred Tax Asset

Comparative Valuation Pro Forma Tangible Book Value Historical Book Value at 9/30/09 Pro Forma Book Value After Proposed Trust Preferred Exchange Pro Forma Book Value at the Minimum of Offering ¹ ($10 million) Pro Forma Book Value at the Maximum of Offering ¹ ($20 million) Subscription Price ¹ Pro forma book value after proposed trust preferred exchange with Mr. Hale $4.56 $5.15 $3.06 $2.41 $1.15 $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00

Comparative Valuation Price to Tangible Book Value ¹ See Appendix for information on calculating tangible book value per share Source: SNL Financial Public Banks and Thrifts in Maryland Public Banks Nationwide with NPAs &90+ Past Due/ Assets between 3% & 10% FMAR – Base Case Subscription Price/ Tangible Book Value per share¹ at 12/31/09 FMAR - Pro Forma Maximum of Offering ($20 million) Without Exchange With Exchange 75.1% 64.6% 27.5% 58.4% 48.9% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

Historical Stock Performance Note: Market data as of February 26, 2010 Source: SNL Financial $0.00 $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 $16.00 $18.00 $20.00 $22.00 12/20/96 6/8/98 11/25/99 5/13/01 10/30/02 4/17/04 10/4/05 3/23/07 9/8/08 2/25/10

Historical Stock Performance Note: Market data as of February 26, 2010 Source: SNL Financial 2/3/10: Announces Agreement to Exchange Common Stock and Warrants for Trust Preferred Securities 2/16/10: Filed amendment to registration statement with a subscription price per share of $1.15 $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 $2.00 1/1/10 1/6/10 1/11/10 1/16/10 1/21/10 1/26/10 1/31/10 2/5/10 2/10/10 2/15/10 2/20/10 2/25/10

Appendix

Historical Balance Sheet Note: Dollars in thousands; Unaudited data at December 31, 2009 At December 31, 2005 2006 2007 2008 2009 ASSETS Cash and due from banks $40,157 $36,734 $39,089 $21,045 $166,374 Federal funds sold and interest-bearing deposits 5,678 6,235 52,232 46,294 7,329 Trading securities, at fair value - - 36,950 12,566 10,749 Securities available for sale, at fair value 276,939 147,290 44,998 39,666 28,275 Loans held for sale 92,351 94,371 80,920 60,203 122,085 Loans receivable 851,586 866,459 854,920 978,696 890,951 Allowance for loan losses (11,743) (12,399) (12,789) (16,777) (11,639) Net Loans 839,843 854,060 842,131 961,919 879,312 Real estate acquired through foreclosure 931 2,440 18,981 18,994 21,630 Restricted stock investments 13,647 6,449 5,983 7,066 7,934 Premises and equipment, net 40,402 49,062 52,215 49,964 44,504 Accrued interest receivable 8,037 10,579 7,181 6,335 4,960 Income taxes recoverable - - 4,433 1,812 5,670 Deferred income taxes 5,940 6,806 12,428 26,057 28,214 Bank-owned life insurance 27,375 33,492 34,931 36,436 34,773 Prepaid expenses and other assets 11,178 15,772 14,350 19,140 22,742 Total assets $1,362,478 $1,263,290 $1,246,822 $1,307,497 $1,384,551 LIABILITIES AND STOCKHOLDERS' EQUITY Noninterest-bearing deposits $182,049 $186,720 $149,710 $114,751 $112,192 Interest-bearing deposits 693,961 738,218 755,243 835,482 1,034,312 Total deposits 876,010 924,938 904,953 950,233 1,146,504 Borrowings 330,376 173,441 192,639 220,996 122,037 Junior subordinated deferrable interest debentures 73,724 73,724 73,724 73,724 73,724 Accrued expenses and other liabilities 9,993 12,558 10,936 16,529 15,299 Total liabilities 1,290,103 1,184,661 1,182,252 1,261,482 1,357,564 Common stock 313 321 318 323 323 Additional paid-in capital 55,193 57,123 56,458 56,741 56,771 Retained earnings / (deficit) 20,185 22,109 9,603 (5,485) (26,621) Accumulated other comprehensive loss (3,316) (924) (1,809) (5,564) (3,486) Total stockholders' equity 72,375 78,629 64,570 46,015 26,987 Total liabilities and stockholders' equity $1,362,478 $1,263,290 $1,246,822 $1,307,497 $1,384,551

Historical Income Statement Note: Dollars in thousands; Unaudited data at December 31, 2009 Data for years ended 2005 through 2008 are not restated for discontinued operations As of December 31, 2005 2006 2007 2008 2009 Interest income Loans $68,136 $82,154 $79,369 $78,017 $3,071 Investments and other earning assets 13,924 13,594 9,146 6,026 56,739 Total interest income 82,060 95,748 88,515 84,043 59,810 Interest expense Deposits 16,729 23,920 27,772 24,584 24,873 Short-term borrowings 6,596 9,299 1,316 766 - Long-term borrowings 11,012 13,263 14,747 12,647 7,825 Total interest expense 34,337 46,482 43,835 37,997 32,698 Net interest income 47,723 49,266 44,680 46,046 27,112 Provision for loan losses 3,287 2,315 8,915 14,783 11,660 Net interest income after provision for loan losses 44,436 46,951 35,765 31,263 15,452 Noninterest income Net OTTI charges on securities available for sale NA 0 0 (5,605) (2,936) Gain on sale of branches NA 0 0 819 - Origination fees and gain on sale of mortgage loans 5,018 7,614 4,430 6,730 12,169 Other mortgage-banking revenue 2,289 2,892 2,716 3,180 3,943 ATM fees 3,135 3,161 3,219 3,188 3,072 Service fees on deposits 7,185 6,887 6,482 6,346 5,261 Gain (loss) on financial instruments carried at fair value 0 0 (702) (814) 3,038 Gain on sale of securities 0 (3,037) 943 229 420 Commissions on sales of nondeposit investment products 531 638 1,049 816 540 Income from bank-owned life insurance 1,031 1,117 1,439 1,505 1,377 Commissions on sales of other insurance products 2,512 2,671 2,822 3,231 - Other 1,314 1,824 1,702 1,379 1,387 Total noninterest income 23,015 23,767 24,100 21,004 28,271 Noninterest expense Salaries and employee benefits 30,909 34,990 36,260 37,274 26,469 Occupancy 6,104 8,012 9,848 11,144 8,974 Furniture, fixtures, and equipment 3,057 3,162 3,602 3,876 2,941 Professional services 1,021 958 1,552 1,905 3,866 Advertising 1,352 1,341 1,219 921 915 Data processing 2,006 1,811 1,941 2,149 1,880 Write-downs, losses, and costs of foreclosed RE 28 224 4,477 5,802 6,832 FDIC insurance premiums 113 109 605 887 3,480 Other 11,750 18,552 18,734 15,909 12,477 Total noninterest expense 56,340 69,159 78,238 79,867 67,834 Net (loss) income before income taxes 11,111 1,559 (18,373) (27,600) (24,111) Income tax benefit / (expense) 3,289 (365) (8,310) (12,512) 10,887 (Loss) income from discontinued operations NA NA NA NA (9,060) Net Income / (loss) $7,822 $1,924 ($10,063) ($15,088) ($22,284) Earnings per share Basic (actual) $1.28 $0.30 ($1.57) ($2.36) ($3.45) Diluted (actual) $1.20 $0.29 ($1.57) ($2.36) ($3.45)

Loan Portfolio At December 31, 2009 Note: Unaudited data at December 31, 2009 Commercial Loans by Collateral Type Construction Portfolio Condominium Unit Construction Nursing Home 7.7% Church 5.3% Restaurants 4.7% Gas Station 2.9% Marinas 2.3% Hotel 3.2% Flex 2.8% Other 3.5% Retail 11.0% Other Special Purpose 10.4% Residential Mixed Use 7.3% Office Buildings 17.6% Industrial 12.6% Shopping Centers 8.8%

Non- GAAP Financial Measures Note: Dollars in thousands; Unaudited data at December 31, 2009 Tangible stockholders’ equity, tangible common equity and tangible assets are non-GAAP financial measures calculated using GAAP-based amounts. We calculate tangible stockholders’ equity and tangible common equity by excluding the balance of goodwill, intangible assets and, for purposes of calculating tangible common equity, preferred equity, from our calculation of shareholders’ equity. We calculate tangible assets by excluding the balance of goodwill and intangible assets from our total assets. Management believes that this is consistent with the treatment by bank regulatory agencies, which exclude goodwill and other intangible assets from the calculation of risk-based capital ratios. Accordingly, management believes that these non-GAAP financial measures provide information to investors that is useful in understanding the basis of our risk-based capital ratios. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. Because not all companies use identical calculations, this presentation of tangible equity, tangible common equity and tangible assets may not be comparable to other similarly titled measures as determined and reported by other companies. A reconciliation of the non-GAAP ratios of tangible stockholders’ equity to tangible assets and tangible common equity to tangible assets is set forth below: For Year Ended December 31, 2009 2008 2007 2006 2005 Common stockholders' equity $26,987 $46,015 $64,570 $78,629 $72,375 Less: Intangible assets 0 0 0 0 0 Tangible common equity $26,987 $46,015 $64,570 $78,629 $72,375 Book value per share $4.18 $7.13 $10.01 $12.19 $11.22 Less: Intangible assets per share 0.00 0.00 0.00 0.00 0.00 Tangible book value per share $4.18 $7.13 $10.01 $12.19 $11.22 Total assets $1,384,552 $1,307,497 $1,246,822 $1,263,290 $1,362,478 Less: Intangible assets 0 0 0 0 0 Tangible assets $1,384,552 $1,307,497 $1,246,822 $1,263,290 $1,362,478 Tangible common equity / tangible assets 1.95% 3.52% 5.18% 6.22% 5.31%