Bank of Marin receives $4.7M paydown on non-accrual loan, cutting relationship by 53%

Bank of Marin Bancorp

Post-quarter-end paydown of $4.7M on an unsecured non-accrual loan reduces the related relationship balance by 53%.
Non-accrual loans were 1.91% of total loans at Q3 end, up from 1.62% prior quarter partly due to this $8.1M relationship.
Classified loans decreased to 2.51% of total loans from 2.63% in prior quarter, aided by the payoff.
No provision for credit losses was recorded in Q3 2024; credit quality metrics show improvement after the paydown.
Total risk-based capital remains strong at 16.4%; tangible common equity ratio at 9.7%.

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