---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-24-000036"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:09:39.408198+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bank of Marin sells $325M AFS securities; non-accrual loans surge to 1.62% in Q2 2024

## Summary
- Sold $325M AFS securities (yield 1.94%); $293M proceeds expected to lift annualized NIM by 30 bps in Q3.
- Non-accrual loans jumped to 1.62% of loans (from 0.31%) due to two relationships totaling $27.2M.
- Provision for credit losses of $5.2M, primarily from increased individual reserve on one non-accrual loan.
- Total risk-based capital at 16.5%, TCE ratio 9.9% (7.7% adjusted for HTM securities).
- Total deposits down 2.1%, but non-interest bearing deposits at 44% and cost of deposits 1.45%.

## SEC filing metadata
- accession: 0001403475-24-000036
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403475/000140347524000036/0001403475-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347524000036/bmrc-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-24-000036
- JSON: https://secwatch.observer/filing/0001403475-24-000036.json
- Plain text: https://secwatch.observer/filing/0001403475-24-000036.txt

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