Bank of Marin Bancorp
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
BMRC$28.65-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income
| BANK OF MARIN BANCORPCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||||
|---|---|---|---|---|---|
| Three months ended · Nine months ended | |||||
| (in thousands, except per share amounts; unaudited) | September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 |
| Interest income | |||||
| Interest and fees on loans | $28,101 | $27,267 | $26,254 | $81,902 | $77,298 |
| Interest on investment securities | 12,922 | 13,427 | 9,846 | 40,218 | 26,530 |
| Interest on due from banks | 1,401 | 1,646 | 2,969 | 5,439 | 6,768 |
| Total interest income | 42,424 | 42,340 | 39,069 | 127,559 | 110,596 |
| Interest expense | |||||
| Interest on interest-bearing transaction accounts | 630 | 1,462 | 1,365 | 4,131 | 3,817 |
| Interest on savings accounts | 640 | 635 | 600 | 1,852 | 1,720 |
| Interest on money market accounts | 8,107 | 7,674 | 8,376 | 23,602 | 23,880 |
| Interest on time accounts | 832 | 965 | 1,571 | 3,039 | 4,920 |
| Interest on borrowings and other obligations | 5 | 6 | 1 | 17 | 3 |
| Interest on subordinated notes | 810 | 817 | — | 2,435 | — |
| Total interest expense | 11,024 | 11,559 | 11,913 | 35,076 | 34,340 |
| Net interest income | 31,400 | 30,781 | 27,156 | 92,483 | 76,256 |
| Provision for (reversal of) credit losses on loans | 500 | (320) | — | 180 | 75 |
| Provision for credit losses on unfunded loan commitments | 325 | — | — | 325 | — |
| Net interest income after provision for credit losses | 30,575 | 31,101 | 27,156 | 91,978 | 76,181 |
| Non-interest income | |||||
| Service charges on deposit accounts | 814 | 563 | 547 | 1,940 | 1,645 |
| Wealth management and trust services | 562 | 543 | 564 | 1,701 | 1,739 |
| Earnings on bank-owned life insurance, net | 445 | 442 | 434 | 1,375 | 1,339 |
| Dividends on Federal Home Loan Bank stock | 398 | 199 | 366 | 1,452 | 1,103 |
| Debit card interchange fees, net | 393 | 397 | 405 | 1,152 | 1,211 |
| Merchant interchange fees, net | 184 | 142 | 87 | 444 | 273 |
| Earnings on bank-owned life insurance death benefits | — | 59 | — | 538 | 306 |
| Losses on sale of investment securities | — | — | — | — | (18,736) |
| Other income | 874 | 824 | 342 | 2,071 | 1,118 |
| Total non-interest income (loss) | 3,670 | 3,169 | 2,745 | 10,673 | (10,002) |
| Non-interest expense | |||||
| Salaries and related benefits | 12,144 | 12,609 | 12,004 | 38,147 | 36,099 |
| Occupancy and equipment | 2,163 | 2,090 | 2,079 | 6,352 | 6,411 |
| Professional services | 1,239 | 1,371 | 1,115 | 3,703 | 2,960 |
| Data processing | 1,222 | 1,138 | 1,116 | 3,588 | 3,293 |
| Information technology | 511 | 510 | 538 | 1,536 | 1,514 |
| Federal Deposit Insurance Corporation insurance | 316 | 555 | 459 | 1,601 | 1,268 |
| Depreciation and amortization | 277 | 270 | 291 | 810 | 933 |
| Directors' expense | 253 | 261 | 249 | 799 | 832 |
| Amortization of core deposit intangible | 191 | 196 | 217 | 587 | 664 |
| Charitable contributions | 130 | 190 | 56 | 757 | 575 |
| Deposit network fees | 99 | 118 | 121 | 366 | 349 |
| Other expense | 2,026 | 2,289 | 2,046 | 6,461 | 6,389 |
| Total non-interest expense | 20,571 | 21,597 | 20,291 | 64,707 | 61,287 |
| Income before provision for income taxes | 13,674 | 12,673 | 9,610 | 37,944 | 4,892 |
| Provision for income taxes | 3,740 | 3,427 | 2,084 | 10,254 | 1,026 |
| Net income | $9,934 | $9,246 | $7,526 | $27,690 | $3,866 |
| Earnings per common share | |||||
| Basic | $0.62 | $0.58 | $0.47 | $1.74 | $0.24 |
| Diluted | $0.62 | $0.58 | $0.47 | $1.73 | $0.24 |
| Weighted average shares: | |||||
| Basic | 15,984 | 15,952 | 15,907 | 15,954 | 15,957 |
| Diluted | 16,040 | 15,991 | 15,934 | 16,003 | 15,979 |
| Comprehensive income (loss): | |||||
| Net income | $9,934 | $9,246 | $7,526 | $27,690 | $3,866 |
| Other comprehensive (loss) income: | |||||
| Change in net unrealized (losses) gains on available-for-sale securities | (35,184) | (4,838) | 2,514 | (47,664) | 5,317 |
| Reclassification adjustment for losses realized on the sale of available-for-sale securities in net income | — | — | — | — | 18,736 |
| Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity | — | — | 360 | — | 1,065 |
| Other comprehensive (loss) income, before tax | (35,184) | (4,838) | 2,874 | (47,664) | 25,118 |
| Deferred tax (benefit) expense | (10,402) | (1,430) | 850 | (14,092) | 7,426 |
| Other comprehensive (loss) income, net of tax | (24,782) | (3,408) | 2,024 | (33,572) | 17,692 |
| Total comprehensive (loss) income | $(14,848) | $5,838 | $9,550 | $(5,882) | $21,558 |
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