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Condensed Bank of Marin Bancorp Parent Only Financial Statements
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023
(in thousands)20242023
Assets
   Cash and due from Bank of Marin$10,329 $7,189 
   Investment in bank subsidiary424,987 431,819 
   Other assets232 156 
     Total assets$435,548 $439,164 
Liabilities and Stockholders' Equity
   Accrued expenses payable$141 $102 
     Total liabilities141 102 
   Stockholders' equity435,407 439,062 
     Total liabilities and stockholders' equity$435,548 $439,164 

CONDENSED UNCONSOLIDATED STATEMENTS OF INCOME
Years ended December 31, 2024, 2023 and 2022
(in thousands)202420232022
Income
   Dividends from bank subsidiary$25,000 $20,000 $16,200 
     Total income25,000 20,000 16,200 
Expense
   Non-interest expense1,814 1,705 1,793 
     Total expense1,814 1,705 1,793 
Income before income taxes and equity in undistributed net income of subsidiary23,186 18,295 14,407 
   Income tax benefit434 504 530 
Income before equity in undistributed net income of subsidiary23,620 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 $46,586 
CONDENSED UNCONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2024, 2023 and 2022
(in thousands)202420232022
Cash Flows from Operating Activities:
Net income$(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 subsidiary32,029 (1,096)(31,649)
Noncash director compensation expense71 60 36 
Net changes in:
Other assets(76)99 (12)
Other liabilities39 (86)(129)
Net cash provided by operating activities23,654 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 plans38 276 899 
Net cash used in financing activities(20,476)(15,900)(16,064)
Net increase (decrease) in cash and cash equivalents3,140 2,696 (2,131)
Cash and cash equivalents at beginning of year7,189 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