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Condensed Bank of Marin Bancorp Parent Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | Presented below is financial information for Bank of Marin Bancorp, parent holding company only.
CONDENSED UNCONSOLIDATED STATEMENTS OF CONDITION
December 31, 2018 and 2017
(in thousands) | 2018 | 2017
Assets |  |
Cash and due from Bank of Marin | $ | 19,144 |  | $ | 3,246 |
Investment in bank subsidiary | 299,953 |  | 299,486 |
Other assets | 331 |  | 586 |
Total assets | $ | 319,428 |  | $ | 303,318 |
Liabilities and Stockholders' Equity |  |
Subordinated debentures | $ | 2,640 |  | $ | 5,739 |
Accrued expenses payable | 51 |  | 146 |
Other liabilities | 330 |  | 408 |
Total liabilities | 3,021 |  | 6,293 |
Stockholders' equity | 316,407 |  | 297,025 |
Total liabilities and stockholders' equity | $ | 319,428 |  | $ | 303,318 |
Schedule of Condensed Income Statement |
CONDENSED UNCONSOLIDATED STATEMENTS OF INCOME
Years ended December 31, 2018 and 2017
(in thousands) | 2018 | 2017
Income |  |
Dividends from bank subsidiary | $ | 36,700 |  | $ | 8,000 |
Miscellaneous Income | 9 |  | 8 |
Total income | 36,709 |  | 8,008 |
Expense |  |
Interest expense | 1,339 |  | 439 |
Non-interest expense | 1,275 |  | 2,087 |
Total expense | 2,614 |  | 2,526 |
Income before income taxes and equity in undistributed net income of subsidiary | 34,095 |  | 5,482 |
Income tax benefit | 770 |  | 876 |
Income before equity in undistributed net income of subsidiary | 34,865 |  | 6,358 |
Earnings of bank subsidiary (less) greater than dividends received from bank subsidiary | (2,243 | ) | 9,618 |
Net income | $ | 32,622 |  | $ | 15,976 |
Schedule of Condensed Cash Flow Statement |
CONDENSED UNCONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2018 and 2017
(in thousands) | 2018 | 2017
Cash Flows from Operating Activities: |  |
Net income | $ | 32,622 |  | $ | 15,976 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |
Earnings of bank subsidiary greater (less) than dividends received from bank subsidiary | 2,243 |  | (9,618 | )
Net change in operating assets and liabilities: |  |
Accretion of discount on subordinated debentures | 1,025 |  | 153 |
Other assets | 36 |  | 92 |
Intercompany receivable | — |  | (40 | )
Other liabilities | (86 | ) | 51 |
Noncash director compensation expense - common stock | 23 |  | 20 |
Net cash provided by operating activities | 35,863 |  | 6,634 |
Cash Flows from Investing Activities: |  |
Capital contribution to subsidiary | (667 | ) | (853 | )
Net cash used in investing activities | (667 | ) | (853 | )
Cash Flows from Financing Activities: |  |
Proceeds from stock options exercised and stock issued under employee and director stock purchase plans and ESPP | 667 |  | 853 |
Repayment of subordinate debenture including execution costs | (4,137 | ) | — |
Payment of tax withholdings for stock options exercised | (99 | ) | (60 | )
Dividends paid on common stock | (8,860 | ) | (6,896 | )
Stock repurchased, net of commissions | (6,869 | ) | — |
Net cash used by financing activities | (19,298 | ) | (6,103 | )
Net increase (decrease) in cash and cash equivalents | 15,898 |  | (322 | )
Cash and cash equivalents at beginning of period | 3,246 |  | 3,568 |
Cash and cash equivalents at end of period | $ | 19,144 |  | $ | 3,246 |
Supplemental schedule of non-cash investing and financing activities: |  |
Stock issued in payment of director fees | $ | 204 |  | $ | 188 |
Repurchase of stock not yet settled | $ | 143 |  | $ | — |
Stock issued to ESOP | $ | 1,173 |  | $ | 1,152 |

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