Bank of Marin Bancorp
For the period ended Mar 31, 2024. Filed May 9, 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.
Mar 31, 2024 · Filed May 9, 2024
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 Changes in Stockholders' Equity
BANK OF MARIN BANCORPCONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
For the three months ended March 31, 2024 and 2023
| (in thousands, except share data; unaudited) · Common Stock · RetainedEarnings · Accumulated OtherComprehensive (Loss) Income,Net of Taxes · Total | |||||
|---|---|---|---|---|---|
| Shares | Amount | ||||
| Three months ended March 31, 2024 | |||||
| Balance at January 1, 2024 | 16,158,413 | $217,498 | $274,570 | $(53,006) | $439,062 |
| Net income | — | — | 2,922 | — | 2,922 |
| Other comprehensive loss, net of tax | — | — | — | (2,106) | (2,106) |
| Stock issued under employee stock purchase plan | 621 | 10 | — | — | 10 |
| Stock issued under employee stock ownership plan | 24,600 | 425 | — | — | 425 |
| Restricted stock granted | 106,964 | — | — | — | — |
| Restricted stock surrendered for tax withholdings upon vesting | (3,338) | (55) | — | — | (55) |
| Restricted stock forfeited / cancelled | (13,284) | — | — | — | — |
| Stock-based compensation - stock options | — | 17 | — | — | 17 |
| Stock-based compensation - restricted stock | — | 188 | — | — | 188 |
| Cash dividends paid on common stock ($0.25 per share) | — | — | (4,042) | — | (4,042) |
| Stock issued in payment of director fees | 11,810 | 259 | — | — | 259 |
| Balance at March 31, 2024 | 16,285,786 | $218,342 | $273,450 | $(55,112) | $436,680 |
| Three months ended March 31, 2023 | |||||
| Balance at January 1, 2023 | 16,029,138 | $215,057 | $270,781 | $(73,746) | $412,092 |
| Net income | — | — | 9,440 | — | 9,440 |
| Other comprehensive income, net of tax | — | — | — | 11,746 | 11,746 |
| Stock options exercised, net of shares surrendered for cashless exercises and tax withholdings | 11,530 | 230 | — | — | 230 |
| Stock issued under employee stock purchase plan | 415 | 9 | — | — | 9 |
| Stock issued under employee stock ownership plan | 14,300 | 423 | — | — | 423 |
| Restricted stock granted | 49,428 | — | — | — | — |
| Restricted stock surrendered for tax withholdings upon vesting | (2,213) | (65) | — | — | (65) |
| Stock-based compensation - stock options | — | 116 | — | — | 116 |
| Stock-based compensation - restricted stock | — | 45 | — | — | 45 |
| Cash dividends paid on common stock ($0.25 per share) | — | — | (4,012) | — | (4,012) |
| Stock issued in payment of director fees | 4,612 | 150 | — | — | 150 |
| Balance at March 31, 2023 | 16,107,210 | $215,965 | $276,209 | $(62,000) | $430,174 |
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