secwatch.observer — SEC 8-K summary
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Issuer:     Bank of Marin Bancorp (BMRC)
CIK:        0001403475
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001403475-24-000042
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403475/000140347524000042/0001403475-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403475/000140347524000042/bmrc-20240812.htm
  HTML page:      https://secwatch.observer/filing/0001403475-24-000042

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