{"schema_version":"secwatch.filing_event.v1","accession":"0001403475-25-000077","form_type":"8-K","ticker":"BMRC","cik":"0001403475","company_name":"Bank of Marin Bancorp","filed_at":"2025-11-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.318380+00:00","generated_at":"2026-05-16T18:24:10.027296+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bank of Marin completes balance sheet repositioning with $45M sub notes; expects $0.37 EPS boost","bullets":["Issued $45M of 6.75% Fixed-to-Floating Subordinated Notes due 2035 rated BBB- by KBRA.","Sold $595M book value of HTM securities at $69.5M pre-tax loss; reinvesting at ~4.15% yield.","Expects $8.3M incremental pre-tax income and $0.37 annual EPS increase (29.56% tax rate).","Negative equity adjustment of ~$59M after-tax from HTM transfer to AFS; regulatory capital only hit by realized losses.","KBRA assigned investment grade: BBB- sub debt, BBB+ deposits."],"urls":{"canonical":"https://secwatch.observer/filing/0001403475-25-000077","json":"https://secwatch.observer/filing/0001403475-25-000077.json","markdown":"https://secwatch.observer/filing/0001403475-25-000077.md","text":"https://secwatch.observer/filing/0001403475-25-000077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1403475/000140347525000077/0001403475-25-000077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1403475/000140347525000077/bmrc-20251119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:24:10.027296+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6907f05168411d826c666a46c4bf99eded5d693f","claim":"Bank of Marin Bancorp incurred senior notes of $45 million at 6.750% per annum maturing December 1, 2035.","evidence_excerpt":"the Company issued and sold $45 million in aggregate principal amount of its 6.750% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1403475/000140347525000077/0001403475-25-000077-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$45 million"},{"label":"Rate","value":"6.750% per annum"},{"label":"Maturity","value":"December 1, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}