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Condensed Bank of Marin Bancorp Parent Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024 and 2023
(in thousands) | 2024 | 2023
Assets |  |
Cash and due from Bank of Marin | $ | 10,329 |  | $ | 7,189 |
Investment in bank subsidiary | 424,987 |  | 431,819 |
Other assets | 232 |  | 156 |
Total assets | $ | 435,548 |  | $ | 439,164 |
Liabilities and Stockholders' Equity |  |
Accrued expenses payable | $ | 141 |  | $ | 102 |
Total liabilities | 141 |  | 102 |
Stockholders' equity | 435,407 |  | 439,062 |
Total liabilities and stockholders' equity | $ | 435,548 |  | $ | 439,164 |
Schedule of Condensed Income Statement |
CONDENSED UNCONSOLIDATED STATEMENTS OF INCOME
Years ended December 31, 2024, 2023 and 2022
(in thousands) | 2024 | 2023 | 2022
Income |  |  |
Dividends from bank subsidiary | $ | 25,000 |  | $ | 20,000 |  | $ | 16,200 |
Total income | 25,000 |  | 20,000 |  | 16,200 |
Expense |  |  |
Non-interest expense | 1,814 |  | 1,705 |  | 1,793 |
Total expense | 1,814 |  | 1,705 |  | 1,793 |
Income before income taxes and equity in undistributed net income of subsidiary | 23,186 |  | 18,295 |  | 14,407 |
Income tax benefit | 434 |  | 504 |  | 530 |
Income before equity in undistributed net income of subsidiary | 23,620 |  | 18,799 |  | 14,937 |
(Loss) earnings of bank subsidiary greater (less) than dividends received from bank subsidiary | (32,029) |  | 1,096 |  | 31,649 |
Net (loss) income | $ | (8,409) |  | $ | 19,895 |  | $ | 46,586 |
Schedule of Condensed Cash Flow Statement |
CONDENSED UNCONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2024, 2023 and 2022
(in thousands) | 2024 | 2023 | 2022
Cash Flows from Operating Activities: |  |  |
Net income | $ | (8,409) |  | $ | 19,895 |  | $ | 46,586 |
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 | 32,029 |  | (1,096) |  | (31,649) |
Noncash director compensation expense | 71 |  | 60 |  | 36 |
Net changes in: |  |  |
Other assets | (76) |  | 99 |  | (12) |
Other liabilities | 39 |  | (86) |  | (129) |
Net cash provided by operating activities | 23,654 |  | 18,872 |  | 14,832 |
Cash Flows from Investing Activities: |  |  |
Capital contribution to bank subsidiary | (38) |  | (276) |  | (899) |
Net cash used in investing activities | (38) |  | (276) |  | (899) |
Cash Flows from Financing Activities: |  |  |
Restricted stock surrendered for tax withholdings upon vesting | (64) |  | (70) |  | (40) |
Cash dividends paid on common stock | (16,197) |  | (16,106) |  | (15,673) |
Stock repurchased, including commissions and excise tax | (4,253) |  | — |  | (1,250) |
Proceeds from stock options exercised and stock issued under employee and director stock purchase plans | 38 |  | 276 |  | 899 |
Net cash used in financing activities | (20,476) |  | (15,900) |  | (16,064) |
Net increase (decrease) in cash and cash equivalents | 3,140 |  | 2,696 |  | (2,131) |
Cash and cash equivalents at beginning of year | 7,189 |  | 4,493 |  | 6,624 |
Cash and cash equivalents at end of year | $ | 10,329 |  | $ | 7,189 |  | $ | 4,493 |
Supplemental schedule of noncash investing and financing activities: |  |  |
Stock issued in payment of director fees | $ | 513 |  | $ | 398 |  | $ | 355 |
Stock issued to ESOP | $ | 1,149 |  | $ | 1,315 |  | $ | 1,233 |

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