XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Condensed Bank of Marin Bancorp Parent Only Financial Statements | 12 Months Ended
--- | ---
Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Bank of Marin Bancorp Parent Only Financial Statements | Condensed Bank of Marin Bancorp Parent Only Financial Statements Presented below is financial information for Bank of Marin Bancorp, parent holding company only.
CONDENSED UNCONSOLIDATED STATEMENTS OF CONDITION
December 31, 2017 and 2016
(in thousands) | 2017 | 2016
Assets |  |
Cash and due from Bank of Marin | $ | 3,246 |  | $ | 3,568 |
Investment in bank subsidiary | 299,486 |  | 232,431 |
Other assets | 586 |  | 670 |
Total assets | $ | 303,318 |  | $ | 236,669 |
Liabilities and Stockholders' Equity |  |
Subordinated debentures | $ | 5,739 |  | $ | 5,586 |
Accrued expenses payable | 146 |  | 96 |
Other liabilities | 408 |  | 424 |
Total liabilities | 6,293 |  | 6,106 |
Stockholders' equity | 297,025 |  | 230,563 |
Total liabilities and stockholders' equity | $ | 303,318 |  | $ | 236,669 |
CONDENSED UNCONSOLIDATED STATEMENTS OF INCOME
Years ended December 31, 2017, 2016 and 2015
(in thousands) | 2017 | 2016 | 2015
Income |  |  |
Dividends from bank subsidiary | $ | 8,000 |  | $ | 6,400 |  | $ | 6,500 |
Miscellaneous Income | 8 |  | 7 |  | 6 |
Total income | 8,008 |  | 6,407 |  | 6,506 |
Expense |  |  |
Interest expense | 439 |  | 435 |  | 420 |
Non-interest expense | 2,087 |  | 984 |  | 973 |
Total expense | 2,526 |  | 1,419 |  | 1,393 |
Income (loss) before income taxes and equity in undistributed net income of subsidiary | 5,482 |  | 4,988 |  | 5,113 |
Income tax benefit | 876 |  | 594 |  | 583 |
Income (loss) before equity in undistributed net income of subsidiary | 6,358 |  | 5,582 |  | 5,696 |
Earnings of bank subsidiary greater (less) than dividends received from bank subsidiary | 9,618 |  | 17,552 |  | 12,745 |
Net income | $ | 15,976 |  | $ | 23,134 |  | $ | 18,441 |
CONDENSED UNCONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2017, 2016 and 2015
(in thousands) | 2017 | 2016 | 2015
Cash Flows from Operating Activities: |  |  |
Net income | $ | 15,976 |  | $ | 23,134 |  | $ | 18,441 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |
Earnings of bank subsidiary greater than dividends received from bank subsidiary | (9,618 | ) | (17,552 | ) | (12,745 | )
Net change in operating assets and liabilities: |  |  |
Accretion of discount on subordinated debentures | 153 |  | 191 |  | 210 |
Other assets | 92 |  | 353 |  | (298 | )
Intercompany receivable | (40 | ) | 171 |  | (18 | )
Other liabilities | 51 |  | (302 | ) | 368 |
Noncash director compensation expense - common stock | 20 |  | — |  | — |
Net cash provided by operating activities | 6,634 |  | 5,995 |  | 5,958 |
Cash Flows from Investing Activities: |  |  |
Capital contribution to subsidiary | (853 | ) | (1,285 | ) | (1,156 | )
Net cash used in investing activities | (853 | ) | (1,285 | ) | (1,156 | )
Cash Flows from Financing Activities: |  |  |
Proceeds from stock options exercised and stock issued under employee and director stock purchase plans and ESOP | 853 |  | 1,285 |  | 1,156 |
Payment of tax withholdings for stock options exercised | (60 | ) | — |  | — |
Dividends paid on common stock | (6,896 | ) | (6,223 | ) | (5,390 | )
Net cash used by financing activities | (6,103 | ) | (4,938 | ) | (4,234 | )
Net (decrease) increase in cash and cash equivalents | (322 | ) | (228 | ) | 568 |
Cash and cash equivalents at beginning of period | 3,568 |  | 3,796 |  | 3,228 |
Cash and cash equivalents at end of period | $ | 3,246 |  | $ | 3,568 |  | $ | 3,796 |
Supplemental schedule of non-cash investing and financing activities: |  |  |
Stock issued in payment of director fees | $ | 188 |  | $ | 234 |  | $ | 275 |

X
- References No definition available. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration