secwatch.observer — SEC 8-K summary
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Issuer:     Bank of Marin Bancorp (BMRC)
CIK:        0001403475
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001403475-23-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of Marin Q3 net income $5.3M, EPS $0.33; deposits up $118.5M, non-accrual loans rise
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- Net income $5.3M ($0.33 diluted) vs $4.6M ($0.28) in Q2; nine-month 2023 net income $19.3M vs $33.7M in 2022.
- Total deposits grew $118.5M to $3.44B; non-interest bearing deposits stable at 47.7%; borrowings cut $172.2M to $120M.
- Non-accrual loans increased to 0.27% of total loans (0.10% prior quarter); provision for credit losses $425K.
- Tax-equivalent net interest margin expanded 3 bps to 2.48%; loan balances decreased $15.9M to $2.087B.
- Board declared $0.25/share dividend (74th consecutive quarterly), payable Nov 10, 2023; all capital ratios well above well-capitalized thresholds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403475/000140347523000054/0001403475-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403475/000140347523000054/bmrc-20231020.htm
  HTML page:      https://secwatch.observer/filing/0001403475-23-000054

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