---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-24-000034"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:40:52.349643+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bank of Marin posts Q2 net loss of $21.9M on $32.5M restructuring charge; non-accrual loans jump to 1.62%

## Summary
- Net loss $21.9M ($1.36 diluted loss) vs net income $2.9M in Q1; includes $32.5M pretax loss from securities sale restructuring.
- Sold $325M of low-yield AFS securities (56% of portfolio); expects 30 bps NIM lift and $0.46 annualized EPS accretion from reinvestment at ~5.75%.
- Provision for credit losses $5.2M (vs $350k prior); non-accrual loans rose to 1.62% of total loans from 0.31% due to one $16.7M CRE loan.
- Loans grew $27.4M to $2.082B; deposits fell $70.3M to $3.214B. Dividend declared $0.25/share payable Aug 15.
- Expense restructuring: eliminated positions, annualized cost savings ~$2.7M; severance costs $243k in Q2.

## SEC filing metadata
- accession: 0001403475-24-000034
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403475/000140347524000034/0001403475-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347524000034/bmrc-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-24-000034
- JSON: https://secwatch.observer/filing/0001403475-24-000034.json
- Plain text: https://secwatch.observer/filing/0001403475-24-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.