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$28.44-0.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Condition
BANK OF MARIN BANCORPCONSOLIDATED STATEMENTS OF CONDITION
| (in thousands, except share data; unaudited) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Cash, cash equivalents and restricted cash | $229,172 | $30,453 |
| Investment securities: | ||
| Held-to-maturity, at amortized cost (net of zero allowance for credit losses at September 30, 2024 and December 31, 2023) | 888,804 | 925,198 |
| Available-for-sale, at fair value (net of zero allowance for credit losses at September 30, 2024 and December 31, 2023) | 368,188 | 552,028 |
| Total investment securities | 1,256,992 | 1,477,226 |
| Loans, at amortized cost | 2,090,091 | 2,073,720 |
| Allowance for credit losses on loans | (30,675) | (25,172) |
| Loans, net of allowance for credit losses on loans | 2,059,416 | 2,048,548 |
| Goodwill | 72,754 | 72,754 |
| Bank-owned life insurance | 70,595 | 68,102 |
| Operating lease right-of-use assets | 19,745 | 20,316 |
| Bank premises and equipment, net | 7,010 | 7,792 |
| Core deposit intangible, net | 3,028 | 3,766 |
| Interest receivable and other assets | 74,121 | 74,946 |
| Total assets | $3,792,833 | $3,803,903 |
| Liabilities and Stockholders' Equity | ||
| Liabilities | ||
| Deposits: | ||
| Non-interest bearing | $1,473,379 | $1,441,987 |
| Interest bearing: | ||
| Transaction accounts | 181,001 | 225,040 |
| Savings accounts | 222,588 | 233,298 |
| Money market accounts | 1,156,483 | 1,138,433 |
| Time accounts | 275,798 | 251,317 |
| Total deposits | 3,309,249 | 3,290,075 |
| Borrowings and other obligations | 193 | 26,298 |
| Operating lease liabilities | 22,278 | 22,906 |
| Interest payable and other liabilities | 24,153 | 25,562 |
| Total liabilities | 3,355,873 | 3,364,841 |
| Commitments and contingent liabilities (Note 8) | ||
| Stockholders' Equity | ||
| Preferred stock, no par value, Authorized - 5,000,000 shares, none issued | — | — |
| Common stock, no par value, Authorized - 30,000,000 shares; issued and outstanding - 16,082,881 and 16,158,413 at September 30, 2024 and December 31, 2023, respectively | 215,465 | 217,498 |
| Retained earnings | 247,983 | 274,570 |
| Accumulated other comprehensive loss, net of taxes | (26,488) | (53,006) |
| Total stockholders' equity | 436,960 | 439,062 |
| Total liabilities and stockholders' equity | $3,792,833 | $3,803,903 |
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