Bank of Marin Bancorp
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
BMRC$28.75+1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders' Equity
BANK OF MARIN BANCORPCONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
For the three months ended September 30, 2024 and 2023
| (in thousands, except share data; unaudited) · Common Stock · RetainedEarnings · Accumulated OtherComprehensive Loss,Net of Taxes · Total | |||||
|---|---|---|---|---|---|
| Shares | Amount | ||||
| Three months ended September 30, 2024 | |||||
| Balance at July 1, 2024 | 16,278,260 | $218,773 | $247,477 | $(31,307) | $434,943 |
| Net income | — | — | 4,570 | — | 4,570 |
| Other comprehensive income, net of tax | — | — | — | 4,819 | 4,819 |
| Stock issued under employee stock purchase plan | 439 | 8 | — | — | 8 |
| Stock issued under employee stock ownership plan | 30,000 | 561 | — | — | 561 |
| Restricted stock surrendered for tax withholdings upon vesting | (294) | (6) | — | — | (6) |
| Restricted stock forfeited / cancelled | (21,001) | — | — | — | — |
| Stock-based compensation - stock options | — | 5 | — | — | 5 |
| Stock-based compensation - restricted stock | — | 103 | — | — | 103 |
| Cash dividends paid on common stock ($0.25 per share) | — | — | (4,064) | — | (4,064) |
| Stock issued in payment of director fees | 15,477 | 255 | — | — | 255 |
| Stock repurchased | (220,000) | (4,234) | — | — | (4,234) |
| Balance at September 30, 2024 | 16,082,881 | $215,465 | $247,983 | $(26,488) | $436,960 |
| Three months ended September 30, 2023 | |||||
| Balance at July 1, 2023 | 16,107,192 | $216,589 | $276,732 | $(69,380) | $423,941 |
| Net income | — | — | 5,295 | — | 5,295 |
| Other comprehensive loss, net of tax | — | — | — | (7,200) | (7,200) |
| Stock issued under employee stock purchase plan | 879 | 15 | — | — | 15 |
| Stock issued under employee stock ownership plan | 5,800 | 120 | — | — | 120 |
| Restricted stock granted | 12,550 | — | — | — | — |
| Restricted stock forfeited / cancelled | (850) | — | — | — | — |
| Stock-based compensation - stock options | — | 21 | — | — | 21 |
| Stock-based compensation - restricted stock | — | 209 | — | — | 209 |
| Cash dividends paid on common stock ($0.25 per share) | — | — | (4,031) | — | (4,031) |
| Stock issued in payment of director fees | 13,750 | 248 | — | — | 248 |
| Balance at September 30, 2023 | 16,139,321 | $217,202 | $277,996 | $(76,580) | $418,618 |
BANK OF MARIN BANCORPCONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
For the nine months ended September 30, 2024 and 2023
| (in thousands, except share data; unaudited) · Common Stock · RetainedEarnings · Accumulated OtherComprehensive Loss,Net of Taxes · Total | |||||
|---|---|---|---|---|---|
| Shares | Amount | ||||
| Nine months ended September 30, 2024 | |||||
| Balance at January 1, 2024 | 16,158,413 | $217,498 | $274,570 | $(53,006) | $439,062 |
| Net loss | — | — | (14,410) | — | (14,410) |
| Other comprehensive income, net of tax | — | — | — | 26,518 | 26,518 |
| Stock issued under employee stock purchase plan | 1,811 | 30 | — | — | 30 |
| Stock issued under employee stock ownership plan | 54,600 | 986 | — | — | 986 |
| Restricted stock granted | 106,964 | — | — | — | — |
| Restricted stock surrendered for tax withholdings upon vesting | (3,798) | (64) | — | — | (64) |
| Restricted stock forfeited / cancelled | (42,396) | — | — | — | — |
| Stock-based compensation - stock options | — | 42 | — | — | 42 |
| Stock-based compensation - restricted stock | — | 694 | — | — | 694 |
| Cash dividends paid on common stock ($0.75 per share) | — | — | (12,177) | — | (12,177) |
| Stock issued in payment of director fees | 27,287 | 513 | — | — | 513 |
| Stock repurchased | (220,000) | (4,234) | — | — | (4,234) |
| Balance at September 30, 2024 | 16,082,881 | $215,465 | $247,983 | $(26,488) | $436,960 |
| Nine months ended September 30, 2023 | |||||
| Balance at January 1, 2023 | 16,029,138 | $215,057 | $270,781 | $(73,746) | $412,092 |
| Net income | — | — | 19,285 | — | 19,285 |
| Other comprehensive loss, net of tax | — | — | — | (2,834) | (2,834) |
| Stock options exercised, net of shares surrendered for cashless exercises and tax withholdings | 11,530 | 230 | — | — | 230 |
| Stock issued under employee stock purchase plan | 2,035 | 36 | — | — | 36 |
| Stock issued under employee stock ownership plan | 39,800 | 967 | — | — | 967 |
| Restricted stock granted | 61,978 | — | — | — | — |
| Restricted stock surrendered for tax withholdings upon vesting | (2,498) | (70) | — | — | (70) |
| Restricted stock forfeited / cancelled | (21,024) | — | — | — | — |
| Stock-based compensation - stock options | — | 159 | — | — | 159 |
| Stock-based compensation - restricted stock | — | 425 | — | — | 425 |
| Cash dividends paid on common stock ($0.75 per share) | — | — | (12,070) | — | (12,070) |
| Stock issued in payment of director fees | 18,362 | 398 | — | — | 398 |
| Balance at September 30, 2023 | 16,139,321 | $217,202 | $277,996 | $(76,580) | $418,618 |
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