BMRC on Nasdaq
Bank of Marin Bancorp
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Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Fiduciary and Trust brought in 36% of the revenue Bank of Marin Bancorp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Fiduciary and Trust | $2.1M | $2.4M | $2.3M |
| Deposit Account | $2.1M | $2.2M | $2.2M |
| Debit Card | $1.8M | $1.7M | $1.6M |
| Merchant Interchange Fees, Net | $496.0K | $324.0K | $377.0K |
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest and fees on loans | $104.4M | $101.5M | $98.5M |
| Interest on investment securities | $38.5M | $33.1M | $38.7M |
| Interest on federal funds sold and due from banks | $9.5M | $6.7M | $2.3M |
| Total interest income | $152.4M | $141.3M | $139.5M |
| Interest on interest-bearing transaction accounts | $5.4M | $4.3M | $3.4M |
| Interest on savings accounts | $2.3M | $2.0M | $867.0K |
| Interest on money market accounts | $31.8M | $33.9M | $18.6M |
| Interest on time accounts | $6.4M | $9.3M | $4.7M |
| Interest on borrowings and other obligations | $9.0K | $241.0K | $11.6M |
| Interest on subordinated notes | $368.0K | $0 | $0 |
| Total interest expense | $46.4M | $49.7M | $39.1M |
| Net interest income | $106.0M | $91.6M | $100.4M |
| Provision for credit losses on loans | $375.0K | $5.5M | $2.6M |
| Provision for (reversal of) credit losses on unfunded loan commitments | $185.0K | -$233.0K | -$342.0K |
| Net interest income after provision for (reversal of) for credit losses | $105.5M | $86.3M | $98.1M |
| Earnings on bank-owned life insurance, net | $1.8M | $1.7M | $1.5M |
| Dividends on Federal Home Loan Bank stock | $1.5M | $1.5M | $1.3M |
| Earnings on bank-owned life insurance death benefits | $306.0K | $0 | $314.0K |
| Net losses on sale of investment securities | -$88.2M | -$32.5M | -$5.9M |
| Other income | $1.5M | $1.4M | $1.3M |
| Total non-interest income | -$76.7M | -$21.4M | $5.0M |
| Salaries and employee benefits | $47.5M | $44.7M | $43.4M |
| Occupancy and equipment | $8.5M | $8.2M | $8.3M |
| Data processing | $4.3M | $4.2M | $4.1M |
| Professional services | $4.3M | $5.1M | $3.6M |
| Information technology | $2.0M | $1.7M | $1.6M |
| Federal Deposit Insurance Corporation insurance | $1.8M | $1.9M | $1.9M |
| Depreciation and amortization | $1.3M | $1.5M | $2.1M |
| Directors' expense | $1.1M | $1.2M | $1.2M |
| Amortization of core deposit intangible | $875.0K | $975.0K | $1.4M |
| Charitable contributions | $657.0K | $677.0K | $717.0K |
| Deposit network fees | $476.0K | $448.0K | $374.0K |
| Other real estate owned | $0 | $0 | $48.0K |
| Other expense | $8.5M | $8.1M | $8.4M |
| Total non-interest expense | $81.3M | $78.7M | $77.1M |
| (Loss) income before provision for income taxes | -$52.5M | -$13.8M | $26.0M |
| (Benefit from) provision for income taxes | -$16.8M | -$5.4M | $6.1M |
| Net (loss) income | -$35.7M | -$8.4M | $19.9M |
| Basic (in dollars per share) | -$2.24 | -$0.52 | $1.24 |
| Diluted (in dollars per share) | -$2.24 | -$0.52 | $1.24 |
| Basic (in shares) | 15.9M shares | 16.0M shares | 16.0M shares |
| Diluted (in shares) | 15.9M shares | 16.0M shares | 16.0M shares |
| Change in net unrealized losses on available-for-sale securities | $10.2M | -$2.8M | $20.4M |
| Reclassification adjustment for losses on available-for-sale securities included in net income | $88.2M | $32.5M | $8.7M |
| Reclassification adjustment for gains or losses for fair value hedges | $0 | $1.4M | -$1.4M |
| Net unrealized losses on securities transferred from held-to-maturity to available-for-sale | -$92.8M | $0 | $0 |
| Amortization of net unrealized loss on AFS securities transferred to HTM | $10.9M | $1.5M | $1.7M |
| Other comprehensive income, before tax | $16.5M | $32.6M | $29.4M |
| Deferred tax expense | $4.9M | $9.6M | $8.7M |
| Other comprehensive income, net of tax | $11.6M | $22.9M | $20.7M |
| Total comprehensive (loss) income | -$24.0M | $14.5M | $40.6M |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Cash, cash equivalents and restricted cash | $225.3M | ||
| Held-to-maturity, at amortized cost (net of zero allowance for credit losses at December 31, 2025 and 2024) | $0 | ||
| Available-for-sale, at fair value (net of zero allowance for credit losses at December 31, 2025 and 2024) | $1.3B | ||
| Total investment securities | $1.3B | ||
| Loans, at amortized cost | $2.1B | ||
| Allowance for credit losses on loans | -$30.1M | ||
| Loans, net of allowance for credit losses on loans | $2.1B | ||
| Goodwill | $72.8M | ||
| Bank-owned life insurance | $71.3M | ||
| Operating lease right-of-use assets | $22.5M | ||
| Bank premises and equipment, net | $8.1M | ||
| Core deposit intangible, net | $1.9M | ||
| Interest receivable and other assets | $84.4M | ||
| Total assets | $3.9B | ||
| Non-interest bearing | $1.3B | $1.2B | $1.2B |
| Transaction accounts | $417.5M | $398.5M | $341.6M |
| Savings accounts | $232.1M | $224.6M | $221.2M |
| Money market accounts | $1.3B | $1.3B | $1.2B |
| Time accounts | $205.7M | $216.5M | $217.6M |
| Total deposits | $3.4B | $3.4B | $3.2B |
| Borrowings and other obligations | $709.0K | ||
| Subordinated notes, net of issuance costs | $43.9M | ||
| Operating lease liabilities | $24.7M | ||
| Interest payable and other liabilities | $25.3M | ||
| Total liabilities | $3.5B | ||
| Preferred stock, no par value, Authorized - 5,000,000 shares, none issued | $0 | ||
| Common stock, no par value, Authorized - 30,000,000 shares; Issued and outstanding - 16,102,687 and 16,089,454 at December 31, 2025 and 2024, respectively | $214.9M | ||
| Retained earnings | $198.2M | ||
| Accumulated other comprehensive loss, net of tax | -$18.4M | ||
| Total stockholders' equity | $394.7M | ||
| Total liabilities and stockholders' equity | $3.9B | ||
| Held-to-maturity, allowance for credit Loss | $0 | ||
| Available-for-sale, allowance for credit loss | $0 | ||
| Preferred stock, authorized (in shares) | 5.0M shares | ||
| Preferred stock, issued, (in shares) | 0 shares | ||
| Common stock, authorized (in shares) | 30.0M shares | ||
| Common stock, issued (in shares) | 16.1M shares | ||
| Common stock, outstanding (in shares) | 16.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$35.7M | -$8.4M | $19.9M |
| Provision for credit losses on loans | $375.0K | $5.5M | $2.6M |
| Provision for (reversal of) credit losses on unfunded loan commitments | $185.0K | -$233.0K | -$342.0K |
| Noncash contribution expense to employee stock ownership plan | $1.5M | $1.1M | $1.3M |
| Noncash director compensation expense | $469.0K | $513.0K | $398.0K |
| Stock-based compensation expense | $815.0K | $630.0K | $522.0K |
| Amortization of core deposit intangible | $875.0K | $975.0K | $1.4M |
| Amortization of investment security premiums, net of accretion of discounts | $734.0K | $2.5M | $6.9M |
| (Accretion of discounts) amortization of premiums on acquired loans, net | -$134.0K | -$236.0K | -$573.0K |
| Accretion of discount on subordinated notes | $22.0K | $0 | $0 |
| Issuance costs offset to subordinated notes | -$1.2M | $0 | $0 |
| Net change in deferred loan origination costs/fees | $302.0K | $120.0K | -$836.0K |
| Write-down of other real estate owned | $0 | $0 | $40.0K |
| Net losses on sale of investment securities | $88.2M | $32.5M | $5.9M |
| Depreciation and amortization | $1.3M | $1.5M | $2.1M |
| Loss on disposal of premises and equipment | $9.0K | $0 | $0 |
| Earnings on bank-owned life insurance policies | -$1.8M | -$1.7M | -$1.5M |
| Earnings on bank-owned life insurance death benefits | -$306.0K | $0 | -$314.0K |
| Net changes in interest receivable and other assets | -$17.2M | -$6.7M | -$4.1M |
| Net changes in interest payable and other liabilities | $588.0K | $172.0K | $2.4M |
| Total adjustments | $74.8M | $36.8M | $15.8M |
| Net cash provided by operating activities | $39.1M | $28.4M | $35.7M |
| Proceeds from sale of premises and equipment | $0 | $21.0K | $0 |
| Purchase of available-for-sale securities | -$1.1B | -$163.8M | $0 |
| Proceeds from sale of available-for-sale securities | $167.0M | $292.6M | $205.8M |
| Proceeds from sale of available-for-sale securities transferred from held-to-maturity | $523.7M | $0 | $0 |
| Proceeds from paydowns/maturities of held-to-maturity securities | $82.1M | $46.6M | $47.2M |
| Proceeds from paydowns/maturities of available-for-sale securities | $162.5M | $31.2M | $59.3M |
| Proceeds from sale of Visa Inc. Class B restricted common stock | $0 | $0 | $2.8M |
| (Increase) decrease in loans receivable, net | -$38.3M | $26.1M | $16.9M |
| Purchased loans | -$226.0K | -$35.9M | $0 |
| Proceeds from sale of loan | $0 | $0 | $3.3M |
| Purchase of bank-owned life insurance policies | $0 | -$1.2M | $0 |
| Proceeds from bank-owned life insurance policies | $1.8M | $0 | $766.0K |
| Purchase of premises and equipment | -$1.8M | -$520.0K | -$1.7M |
| Proceeds from sale of other real estate owned | $0 | $0 | $420.0K |
| Cash paid for low income housing tax credit investment | -$10.0K | -$5.0K | -$42.0K |
| Net cash provided by (used in) investing activities | -$172.0M | $195.2M | $334.7M |
| Net increase (decrease) in deposits | $195.5M | -$70.1M | -$283.3M |
| Repayment of proceeds from short-term borrowings, net | $0 | -$26.0M | -$86.0M |
| Repayment of finance lease obligations | -$126.0K | -$152.0K | -$148.0K |
| Proceeds from issuance of subordinated notes | $45.0M | $0 | $0 |
| Proceeds from stock options exercised | $0 | $0 | $230.0K |
| Restricted stock surrendered for tax withholdings upon vesting | -$103.0K | -$64.0K | -$70.0K |
| Cash dividends paid on common stock | -$16.1M | -$16.2M | -$16.1M |
| Stock repurchased, including commissions | -$3.3M | -$4.3M | $0 |
| Proceeds from stock issued under employee and director stock purchase plans | $35.0K | $38.0K | $46.0K |
| Net cash (used in) provided by financing activities | $220.9M | -$116.7M | -$385.3M |
| Net (decrease) increase in cash, cash equivalents and restricted cash | $88.0M | $106.9M | -$15.0M |
| Interest paid on deposits and borrowings | $43.1M | $46.4M | $34.0M |
| Income taxes paid, net of refunds | $429.0K | $2.2M | $8.4M |
| Change in net unrealized gains or losses on available-for-sale securities | $10.2M | -$2.8M | $20.4M |
| Amortization of net unrealized loss on AFS securities transferred to HTM | $10.9M | $1.5M | $1.7M |
| Transfer of loan to loans held-for-sale | $0 | $0 | $3.3M |
Recent filings
- Oct 2, 20268-K
- Sep 24, 20264
- Aug 6, 202610-Q
- Aug 5, 20264
- Jul 31, 20264
- Jul 28, 20264
- Jul 28, 20264
- Jul 28, 20264
- Jul 28, 20264
- Jul 28, 20264
- Jul 28, 20264
- Jul 28, 20264
- Jul 27, 20268-K
- Jul 2, 20268-K
- Jul 1, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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