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
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Consolidated Statements of Cash Flows
BANK OF MARIN BANCORPCONSOLIDATED STATEMENTS OF CASH FLOWS
For the nine months ended September 30, 2026 and 2025
| (in thousands; unaudited) | 2026 | 2025 |
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income | $27,690 | $3,866 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses on loans | 180 | 75 |
| Provision for credit losses on unfunded loan commitments | 325 | — |
| Noncash contribution expense to employee stock ownership plan | 1,431 | 1,268 |
| Noncash director compensation expense | 435 | 469 |
| Stock-based compensation expense | 986 | 589 |
| Amortization of core deposit intangible | 587 | 664 |
| Amortization of investment security premiums, net of accretion of discounts | (190) | 666 |
| Accretion of discounts on acquired loans, net | (36) | (123) |
| Amortization of discount on subordinated notes | 149 | — |
| Net change in deferred loan origination costs/fees | 387 | (27) |
| Loss on sale of investment securities | — | 18,736 |
| Depreciation and amortization | 810 | 932 |
| Loss on disposal of premises and equipment | — | 11 |
| Earnings on bank-owned life insurance policies | (1,375) | (1,339) |
| Earnings on bank-owned life insurance death benefits | (538) | (306) |
| Net changes in: | ||
| Net changes in interest receivable and other assets | 1,065 | 1,347 |
| Net changes in interest payable and other liabilities | (2,381) | (1,372) |
| Total adjustments | 1,835 | 21,590 |
| Net cash provided by operating activities | 29,525 | 25,456 |
| Cash Flows from Investing Activities: | ||
| Purchase of available-for-sale securities | (124,061) | (421,796) |
| Proceeds from sale of available-for-sale securities | — | 167,017 |
| Proceeds from paydowns/maturities of held-to-maturity securities | — | 67,855 |
| Proceeds from paydowns/maturities of available-for-sale securities | 189,170 | 104,017 |
| Proceeds from sale of loan | 9,067 | — |
| Increase in loans receivable, net | (526) | (7,398) |
| Purchase of loans | (31,161) | (226) |
| Proceeds from bank-owned life insurance policies | 1,449 | 1,805 |
| Purchase of premises and equipment | (741) | (1,692) |
| Net cash provided by (used for) investing activities | 43,197 | (90,418) |
| Cash Flows from Financing Activities: | ||
| Net (decrease) increase in deposits | (20,320) | 162,561 |
| Repayment of finance lease obligations | (127) | (97) |
| Proceeds from stock options exercised | 30 | — |
| Restricted stock surrendered for tax withholdings upon vesting | (181) | (103) |
| Cash dividends paid on common stock | (12,124) | (12,103) |
| Stock repurchased | — | (3,293) |
| Proceeds from stock issued under employee and director stock purchase plans | 27 | 26 |
| Net cash (used for) provided by financing activities | (32,695) | 146,991 |
| Net increase in cash, cash equivalents and restricted cash | 40,027 | 82,029 |
| Cash, cash equivalents and restricted cash at beginning of period | 225,303 | 137,304 |
| Cash, cash equivalents and restricted cash at end of period | $265,330 | $219,333 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid on deposits and borrowings | $36,065 | $32,867 |
| Income taxes paid, net of refunds | $152 | $2,930 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Change in net unrealized gains or losses on available-for-sale securities | $(47,664) | $5,317 |
| Amortization of net unrealized loss on available-for-sale securities transferred to held-to-maturity | $— | $1,065 |
| Restricted cash | $— | $— |
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