---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-24-000046"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:33:04.530612+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bank of Marin Q2 2024: sold $325M AFS securities, non-accrual loans rise to 1.62%

## Summary
- Sold $325M (56% of AFS portfolio) securities yielding 1.94%; proceeds expected to lift NIM by ~30 bps in Q3.
- Non-accrual loans jumped to 1.62% of total loans from 0.31% QoQ, driven by two relationships totaling $27.2M.
- Total risk-based capital remained strong at 16.5%; TCE/TA 9.9% (7.7% adjusted for HTM).
- Non-interest bearing deposits stayed at 44% of total deposits; cost of deposits was 1.45%.
- Provision for credit losses $5.2M primarily due to increased reserve on one non-accrual loan.

## SEC filing metadata
- accession: 0001403475-24-000046
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2024-09-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403475/000140347524000046/0001403475-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347524000046/bmrc-20240916.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-24-000046
- JSON: https://secwatch.observer/filing/0001403475-24-000046.json
- Plain text: https://secwatch.observer/filing/0001403475-24-000046.txt

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