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Condensed Bank of Marin Bancorp Parent Only Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021 and 2020
(in thousands)20212020
Assets
   Cash and due from Bank of Marin$6,624 $5,329 
   Investment in bank subsidiary444,191 356,172 
   Other assets243 336 
     Total assets$451,058 $361,837 
Liabilities and Stockholders' Equity
   Subordinated debenture$— $2,777 
   Accrued expenses payable318 74 
   Other liabilities372 733 
     Total liabilities690 3,584 
   Stockholders' equity450,368 358,253 
     Total liabilities and stockholders' equity$451,058 $361,837 
Schedule of Condensed Income Statement
CONDENSED UNCONSOLIDATED STATEMENTS OF INCOME
Years ended December 31, 2021, 2020 and 2019
(in thousands)202120202019
Income
   Dividends from bank subsidiary$64,000 $16,200 $17,600 
   Miscellaneous Income— 3 5 
     Total income64,000 16,203 17,605 
Expense
   Interest expense1,361 158 229 
   Non-interest expense4,025 1,325 1,399 
     Total expense5,386 1,483 1,628 
Income before income taxes and equity in undistributed net income of subsidiary58,614 14,720 15,977 
   Income tax benefit1,235 437 480 
Income before equity in undistributed net income of subsidiary
59,849 15,157 16,457 
Earnings of bank subsidiary (less) greater than dividends received from bank subsidiary(26,621)15,085 17,784 
     Net income$33,228 $30,242 $34,241 
Schedule of Condensed Cash Flow Statement
CONDENSED UNCONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2021, 2020 and 2019
(in thousands)202120202019
Cash Flows from Operating Activities:
Net income$33,228 $30,242 $34,241 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Earnings of bank subsidiary less (greater) than dividends received from bank subsidiary26,621 (15,085)(17,784)
Accretion of discount on subordinated debentures1,347 69 68 
Noncash director compensation expense35 31 30 
Net changes in:
Other assets(1,655)(4)— 
Other liabilities(88)59 80 
Net cash provided by operating activities
59,488 15,312 16,635 
Cash Flows from Investing Activities:
Capital contribution to bank subsidiary(619)(1,464)(747)
Net cash used in investing activities
(619)(1,464)(747)
Cash Flows from Financing Activities:
Proceeds from stock options exercised and stock issued under employee and director stock purchase plans587 1,419 747 
Repayment of subordinated debenture including execution costs(4,126)— — 
Payment of tax withholdings for vesting of restricted stock(166)(73)(220)
Dividends paid on common stock(13,107)(12,506)(10,958)
Stock repurchased, net of commissions(40,762)(6,898)(15,062)
Net cash used in financing activities(57,574)(18,058)(25,493)
Net increase (decrease) in cash and cash equivalents1,295 (4,210)(9,605)
Cash and cash equivalents at beginning of year5,329 9,539 19,144 
Cash and cash equivalents at end of year$6,624 $5,329 $9,539 
Supplemental schedule of non-cash investing and financing activities:
Stock issued in payment of director fees$217 $217 $231 
Repurchase of stock not yet settled$373 $413 $103 
Stock issued to ESOP$1,330 $1,289 $1,245