Bank of Marin Bancorp

For the period ended Mar 31, 2026. Filed May 8, 2026.

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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.

Mar 31, 2026 · Filed May 8, 2026

BMRC$28.65-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income

BANK OF MARIN BANCORPCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
	Three months ended
(in thousands, except per share amounts; unaudited)	March 31, 2026	December 31, 2025	March 31, 2025
Interest income
Interest and fees on loans	$26,534	$27,128	$25,183
Interest on investment securities	13,869	11,937	8,261
Interest on due from banks	2,392	2,767	1,795
Total interest income	42,795	41,832	35,239
Interest expense
Interest on interest-bearing transaction accounts	2,039	1,591	1,161
Interest on savings accounts	577	609	533
Interest on money market accounts	7,821	7,961	7,626
Interest on time accounts	1,242	1,516	1,790
Interest on borrowings and other obligations	6	6	1
Interest on subordinated notes	808	368	—
Total interest expense	12,493	12,051	11,111
Net interest income	30,302	29,781	24,128
Provision for credit losses on loans	—	300	75
Provision for credit losses on unfunded loan commitments	—	185	—
Net interest income after provision for credit losses	30,302	29,296	24,053
Non-interest income
Dividends on Federal Home Loan Bank stock	855	372	375
Wealth management and trust services	596	573	563
Service charges on deposit accounts	563	543	548
Earnings on bank-owned life insurance, net	487	440	476
Earnings on bank-owned life insurance death benefits	479	—	68
Debit card interchange fees, net	362	401	396
Merchant interchange fees, net	118	104	96
Losses on sale of investment securities	—	(69,466)	—
Other income	374	385	352
Total non-interest income (loss)	3,834	(66,648)	2,874
Non-interest expense
Salaries and related benefits	13,394	11,359	12,050
Occupancy and equipment	2,099	2,098	2,106
Data processing	1,228	1,033	1,136
Professional services	1,093	1,341	937
Federal Deposit Insurance Corporation insurance	730	539	388
Information technology	515	532	413
Charitable contributions	437	82	403
Directors' expense	285	283	304
Depreciation and amortization	263	331	322
Amortization of core deposit intangible	200	211	227
Deposit network fees	149	127	114
Other expense	2,146	2,087	2,046
Total non-interest expense	22,539	20,023	20,446
Income (loss) before provision for (benefit from) income taxes	11,597	(57,375)	6,481
Provision for (benefit from) income taxes	3,087	(17,834)	1,605
Net income (loss)	$8,510	$(39,541)	$4,876
Net income (loss) per common share
Basic	$0.53	$(2.49)	$0.31
Diluted	$0.53	$(2.49)	$0.30
Weighted average shares:
Basic	15,925	15,898	15,977
Diluted	15,973	15,898	16,002
Comprehensive income (loss):
Net income (loss)	$8,510	$(39,541)	$4,876
Other comprehensive (loss) income:
Change in net unrealized (losses) gains on available-for-sale securities	(7,642)	4,933	3,289
Reclassification adjustment for losses realized on the sale of available-for-sale securities in net loss	—	69,466	—
Net unrealized losses on securities transferred from held-to-maturity to available-for-sale	—	(92,842)	—
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity	—	9,867	340
Other comprehensive (loss) income, before tax	(7,642)	(8,576)	3,629
Deferred tax (benefit) expense	(2,260)	(2,533)	1,073
Other comprehensive (loss) income, net of tax	(5,382)	(6,043)	2,556
Total comprehensive income (loss)	$3,128	$(45,584)	$7,432

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