Bank of Marin reports Q2 loan growth, asset repositioning, but non-accrual loans spike to 1.62% from 0.31%

Bank of Marin Bancorp

Sold $325M AFS securities yielding 1.94%; redeployment to lift NIM by 30 bps in Q3.
Non-accrual loans rose to 1.62% of total loans from 0.31%, driven by $27.2M in two relationships.
Total risk-based capital 16.5% (down 59 bps); TCE/TA 9.9% (up 16 bps).
Provision for credit losses $5.2M, mainly due to increased reserve on one non-accrual loan.
Deposits: 44% non-interest bearing, cost 1.45%; uninsured deposits 28% with 202% liquidity coverage.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.