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Condensed Bank of Marin Bancorp Parent Only Financial Statements
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information 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, 2022 and 2021
(in thousands)20222021
Assets
   Cash and due from Bank of Marin$4,493 $6,624 
   Investment in bank subsidiary407,532 444,191 
   Other assets255 243 
     Total assets$412,280 $451,058 
Liabilities and Stockholders' Equity
   Accrued expenses payable$188 $318 
   Other liabilities— 372 
     Total liabilities188 690 
   Stockholders' equity412,092 450,368 
     Total liabilities and stockholders' equity$412,280 $451,058 

CONDENSED UNCONSOLIDATED STATEMENTS OF INCOME
Years ended December 31, 2022, 2021 and 2020
(in thousands)202220212020
Income
   Dividends from bank subsidiary$16,200 $64,000 $16,200 
   Miscellaneous income— — 3 
     Total income16,200 64,000 16,203 
Expense
   Interest expense— 1,361 158 
   Non-interest expense1,793 4,025 1,325 
     Total expense1,793 5,386 1,483 
Income before income taxes and equity in undistributed net income of subsidiary14,407 58,614 14,720 
   Income tax benefit530 1,235 437 
Income before equity in undistributed net income of subsidiary
14,937 59,849 15,157 
Earnings of bank subsidiary greater (less) than dividends received from bank subsidiary31,649 (26,621)15,085 
     Net income$46,586 $33,228 $30,242 
CONDENSED UNCONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2022, 2021 and 2020
(in thousands)202220212020
Cash Flows from Operating Activities:
Net income$46,586 $33,228 $30,242 
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(31,649)26,621 (15,085)
Accretion of discount on subordinated debenture— 1,347 69 
Noncash director compensation expense36 35 31 
Net changes in:
Other assets(12)(1,655)(4)
Other liabilities(129)(88)59 
Net cash provided by operating activities
14,832 59,488 15,312 
Cash Flows from Investing Activities:
Capital contribution to bank subsidiary(899)(619)(1,464)
Net cash used in investing activities
(899)(619)(1,464)
Cash Flows from Financing Activities:
Proceeds from stock options exercised and stock issued under employee and director stock purchase plans899 587 1,419 
Repayment of subordinated debenture including execution costs— (4,126)— 
Restricted stock surrendered for tax withholdings upon vesting(40)(166)(73)
Cash dividends paid on common stock(15,673)(13,107)(12,506)
Stock repurchased, including commissions(1,250)(40,762)(6,898)
Net cash used in financing activities(16,064)(57,574)(18,058)
Net (decrease) increase in cash and cash equivalents(2,131)1,295 (4,210)
Cash and cash equivalents at beginning of year6,624 5,329 9,539 
Cash and cash equivalents at end of year$4,493 $6,624 $5,329 
Supplemental schedule of noncash investing and financing activities:
Stock issued in payment of director fees$355 $217 $217 
Repurchase of stock not yet settled$— $373 $413 
Stock issued to ESOP$1,233 $1,330 $1,289