other material
confidence high
sentiment positive
materiality 0.50
Bank of Marin presents at Raymond James conference; Q3 loan originations $28.2M, $4.2M buyback
Bank of Marin Bancorp
- Originated $28.2M in new loans and acquired $35.7M residential loan pool in Q3 2024.
- Total deposits up 3.0%; non-interest bearing deposits 44.5%; cost of deposits stable at 1.46%.
- Repurchased 220k shares for $4.2M in Q3; tangible book value per share rose to $22.46.
- Total risk-based capital 16.4%; available liquidity $1.9B covering 208% of estimated uninsured deposits.
- Non-accrual loans rose to 1.91% due to one $8.1M relationship; post-quarter $4.7M paydown reduced that by 53%.