Bank of Marin Bancorp
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed Nov 7, 2025
BMRC$28.65-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
| BANK OF MARIN BANCORPCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||
|---|---|---|---|---|---|
| Three months ended · Nine months ended | |||||
| (in thousands, except per share amounts; unaudited) | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| Interest income | |||||
| Interest and fees on loans | $26,254 | $25,861 | $25,483 | $77,298 | $75,612 |
| Interest on investment securities | 9,846 | 8,423 | 7,594 | 26,530 | 24,698 |
| Interest on due from banks | 2,969 | 2,004 | 3,242 | 6,768 | 4,487 |
| Total interest income | 39,069 | 36,288 | 36,319 | 110,596 | 104,797 |
| Interest expense | |||||
| Interest on interest-bearing transaction accounts | 328 | 351 | 339 | 1,022 | 874 |
| Interest on savings accounts | 600 | 587 | 565 | 1,720 | 1,447 |
| Interest on money market accounts | 8,376 | 7,878 | 8,714 | 23,880 | 25,804 |
| Interest on time accounts | 1,571 | 1,559 | 2,431 | 4,920 | 7,002 |
| Interest on borrowings and other obligations | 1 | 1 | 1 | 3 | 240 |
| Total interest expense | 10,876 | 10,376 | 12,050 | 31,545 | 35,367 |
| Net interest income | 28,193 | 25,912 | 24,269 | 79,051 | 69,430 |
| Provision for credit losses on loans | — | — | — | 75 | 5,550 |
| Reversal of credit losses on unfunded loan commitments | — | — | (233) | — | (233) |
| Net interest income after provision for credit losses | 28,193 | 25,912 | 24,502 | 78,976 | 64,113 |
| Non-interest income | |||||
| Wealth management and trust services | 564 | 612 | 706 | 1,739 | 1,844 |
| Service charges on deposit accounts | 547 | 550 | 543 | 1,645 | 1,613 |
| Earnings on bank-owned life insurance, net | 434 | 429 | 426 | 1,339 | 1,282 |
| Debit card interchange fees, net | 405 | 410 | 423 | 1,211 | 1,275 |
| Dividends on Federal Home Loan Bank stock | 366 | 362 | 365 | 1,103 | 1,108 |
| Merchant interchange fees, net | 87 | 90 | 67 | 273 | 244 |
| Earnings on bank-owned life insurance death benefits | — | 238 | — | 306 | — |
| (Losses) gains on sale of investment securities | — | (18,736) | — | (18,736) | (32,541) |
| Other income | 342 | 424 | 358 | 1,118 | 1,062 |
| Total non-interest income | 2,745 | (15,621) | 2,888 | (10,002) | (24,113) |
| Non-interest expense | |||||
| Salaries and related benefits | 12,004 | 12,045 | 10,822 | 36,099 | 35,270 |
| Occupancy and equipment | 2,079 | 2,226 | 2,097 | 6,411 | 6,115 |
| Deposit network fees | 1,158 | 1,054 | 927 | 3,144 | 2,688 |
| Data processing | 1,116 | 1,041 | 1,051 | 3,293 | 3,126 |
| Professional services | 1,115 | 908 | 1,879 | 2,960 | 4,000 |
| Information technology | 538 | 563 | 404 | 1,514 | 1,254 |
| Federal Deposit Insurance Corporation insurance | 459 | 421 | 582 | 1,268 | 1,443 |
| Depreciation and amortization | 291 | 320 | 358 | 933 | 1,125 |
| Directors' expense | 249 | 279 | 293 | 832 | 916 |
| Amortization of core deposit intangible | 217 | 220 | 241 | 664 | 738 |
| Charitable contributions | 56 | 116 | 30 | 575 | 647 |
| Other expense | 2,046 | 2,297 | 1,733 | 6,389 | 6,158 |
| Total non-interest expense | 21,328 | 21,490 | 20,417 | 64,082 | 63,480 |
| Income (loss) before provision for (benefit from) income taxes | 9,610 | (11,199) | 6,973 | 4,892 | (23,480) |
| Provision for (benefit from) income taxes | 2,084 | (2,663) | 2,403 | 1,026 | (9,070) |
| Net income (loss) | $7,526 | $(8,536) | $4,570 | $3,866 | $(14,410) |
| Net income (loss) per common share | |||||
| Basic | $0.47 | $(0.53) | $0.28 | $0.24 | $(0.90) |
| Diluted | $0.47 | $(0.53) | $0.28 | $0.24 | $(0.90) |
| Weighted average shares: | |||||
| Basic | 15,907 | 15,989 | 16,038 | 15,957 | 16,076 |
| Diluted | 15,934 | 15,989 | 16,066 | 15,979 | 16,076 |
| Comprehensive income: | |||||
| Net income (loss) | $7,526 | $(8,536) | $4,570 | $3,866 | $(14,410) |
| Other comprehensive income: | |||||
| Change in net unrealized losses on available-for-sale securities | 2,514 | (486) | 8,041 | 5,317 | 4,032 |
| Reclassification adjustment for losses realized on the sale of available-for-sale securities in net loss | — | 18,736 | (1) | 18,736 | 32,541 |
| Reclassification adjustment for gains on fair value hedges | — | — | (1,584) | — | (85) |
| Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity | 360 | 365 | 385 | 1,065 | 1,149 |
| Other comprehensive income, before tax | 2,874 | 18,615 | 6,841 | 25,118 | 37,637 |
| Deferred tax expense | 850 | 5,503 | 2,022 | 7,426 | 11,119 |
| Other comprehensive income, net of tax | 2,024 | 13,112 | 4,819 | 17,692 | 26,518 |
| Total comprehensive income | $9,550 | $4,576 | $9,389 | $21,558 | $12,108 |
Page-4
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.