Bank of Marin Bancorp (NASDAQ:BMRC) Q3 2021 Earnings Conference Call October 25, 2021 11:30 AM ET Company Participants Andrea Henderson - Director of Marketing Russell A. Colombo - CEO Timothy D. Myers - President, Chief Operating Officer Misako Stewart - EVP & Chief Credit Officer Tani Girton - EVP & CFO Conference Call Participants Jeff Rulis - D.A. Davidson David Feaster - Raymond James Timothy Coffey - Janney Montgomery Scott Disclaimer*: This transcript is designed to be used alongside the freely avail ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number 001-33572 Bank of Marin Bancorp (Exact name of Registrant as specified in its charter) | --- | ...

Bank of Marin Bancorp (NASDAQ:BMRC) Q2 2021 Earnings Conference Call July 19, 2021 11:30 AM ET Company Participants Andrea Henderson - Director of Marketing Russ Colombo - CEO Tim Myers - President, Chief Operating Officer Tani Girton - Executive President, Chief Financial Officer Beth Reizman - Executive Vice President, Chief Credit Officer Conference Call Participants Jeff Rulis - D.A. Davidson Matthew Clark - Piper Sandler Jackie Bohlen - KBW Tim Coffey - Janney David Feaster - Raymond James Andrea Hende ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number 001-33572 Bank of Marin Bancorp (Exact name of Registrant as specified in its charter) | --- | ...

Financial Data and Key Metrics Changes - The company reported a net income of $8.9 million for Q1 2021, with diluted earnings per share of $0.66, exceeding results from both the prior quarter and Q1 2020 [5] - Total deposits grew by $152 million to $2.7 billion, with noninterest-bearing deposits comprising 54% of total deposits [7] - The total risk-based capital ratio was 15.7% at March 31, well above regulatory requirements [7] Business Line Data and Key Metrics Changes - The loan portfolio grew modestly to $2.1 billion, reflecting a 15% increase year-over-year, driven by new loan origination and participation in the SBA's Paycheck Protection Program (PPP) [6] - The company funded $25 million in new PPP loans during the quarter, with a total of $127 million funded as of April 15 [7] Market Data and Key Metrics Changes - The Greater Sacramento region is projected to see population and household income growth exceeding national estimates by 2026, making it an attractive market for business growth [13] - The merger with American River Bank positions the company to become a $4 billion bank, enhancing its presence in Northern California [9] Company Strategy and Development Direction - The acquisition of American River Bank is seen as a strategic fit, allowing the company to expand its franchise and improve efficiency in a low-interest-rate environment [5][9] - The merger is expected to generate 14% accretion to 2022 earnings and a 15% internal rate of return, with a focus on maintaining strong credit quality and customer service [10][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic outlook and the potential for growth, particularly in the Sacramento and Sonoma markets [30][32] - The company anticipates that the integration of American River Bank will provide opportunities for growth and expansion in new markets [36][42] Other Important Information - The company reversed $2.9 million in provisions for credit losses on loans, indicating improved credit quality [6] - A cash dividend of $0.23 per share was declared, marking the 64th consecutive quarterly dividend [8] Q&A Session Summary Question: Margin impact and core margin numbers - Management indicated that the Q1 margin was only affected by 1 basis point from PPP, with Q4 impacted by 13 basis points due to lack of forgiveness [19][20] Question: Cost savings from the merger - The company expects 35% cost savings from the merger, primarily from branch overlaps and administrative efficiencies [24] Question: Growth pipeline and loan demand - The pipeline is improving, but loan demand remains relatively weak, with ongoing deleveraging attitudes observed [30] Question: Fee income opportunities - Management noted that fee waivers during the pandemic negatively impacted fee income, but they expect a resurgence as fees are reinstated [34] Question: Future M&A considerations - The company is open to further M&A opportunities post-integration, particularly in the Sacramento market [36] Question: Reserve levels and economic forecasts - Management indicated that reserves would likely diminish as the economy improves, but specific estimates were not provided [37] Question: Integration and branding post-merger - The company plans to maintain the American River Bank branding during integration but may consider rebranding to Bank of Marin in the long term [52]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 California 20-8859754 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 504 Redwood Blvd. Suite 100 Novato CA 94947 (Address of principal executive office) (Zip Code) Title of each class Trading symbol Name of each exchange on which registered Common Stock, No Par Value, and attached Share Purchase Rights BMRC The Nasdaq Stock Market FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION ...

Bank of Marin Bancorp (NASDAQ:BMRC) Q4 2020 Earnings Conference Call January 25, 2021 11:30 AM ET Company Participants Andrea Henderson - Director, Marketing Russ Colombo - President and Chief Executive Officer Tim Myers - Executive Vice President and Chief Operating Officer Tani Girton - Executive Vice President and Chief Financial Officer Beth Reizman - Chief Credit Officer Conference Call Participants David Feaster - Raymond James Jeff Rulis - D.A. Davidson Matthew Clark - Piper Sandler Jackie Bohlen - K ...

Financial Performance - Net income for Q3 2020 was $7.5 million, down from $9.4 million in Q3 2019, with diluted earnings per share at $0.55 compared to $0.69 a year ago[158] - Net income for the three months ended September 30, 2020, was $7,491,000, down from $9,448,000 in the same quarter of 2019[168] - Basic net income per common share decreased to $0.55 from $0.70 year-over-year[168] - Return on average assets was 0.98% for the quarter, down from 1.49% in the same period last year[168] - Return on average equity decreased to 8.37% from 11.34% year-over-year[168] Loan and Deposit Growth - Total loans increased by $264.7 million to $2,108.0 million as of September 30, 2020, primarily due to $301.7 million in SBA PPP loans, representing 14% of loan balances[161] - Total deposits rose by $232.8 million to $2,569.3 million at September 30, 2020, with non-interest bearing deposits increasing to 54% of total deposits from 48% at December 31, 2019[161] - Non-interest bearing deposits rose to $1,383.7 million, representing 53.9% of total deposits as of September 30, 2020[218] - Loans increased by $264.7 million to $2,108.0 million, driven mainly by $308.2 million in SBA PPP loans[217] Provision for Loan Losses - The provision for loan losses for the first nine months of 2020 was $5.45 million, significantly higher than $400 thousand for the same period in 2019, reflecting the economic impact of the pandemic[159] - Provision for loan losses increased to $1,250,000 for the quarter, compared to $400,000 in the prior year[168] - The ratio of allowance for loan losses to total loans was 1.05% at September 30, 2020, compared to 0.90% at December 31, 2019[190] - The provision for loan losses was $5.45 million for the nine months ended September 30, 2020, compared to $400 thousand for the same period in the prior year, reflecting the economic uncertainties from the COVID-19 pandemic[189] Non-Interest Income and Expenses - Non-interest income decreased by $931 thousand in Q3 2020 to $1.8 million, compared to $2.7 million in Q3 2019, primarily due to lower service charges and benefits from BOLI policies[196] - Total non-interest income for the first nine months of 2020 was $6.7 million, a slight decrease from $6.8 million in the same period in 2019, with higher gains on sales of investment securities partially offsetting declines in other categories[197] - Non-interest expense increased by $1.0 million to $15.2 million in Q3 2020, compared to $14.2 million in Q3 2019, primarily due to higher charitable contributions and provisions for losses on off-balance sheet commitments[202] - Total non-interest expense for the first nine months of 2020 was $44.8 million, a slight increase of $204 thousand from $44.6 million in the same period of 2019[203] Capital and Liquidity - The total risk-based capital ratio was 15.5% at September 30, 2020, up from 14.6% at December 31, 2019, indicating strong capital position[161] - The Bank's total capital to risk-weighted assets ratio was 16.05% as of September 30, 2020, exceeding the well-capitalized threshold of 10.00%[225] - Tier 1 capital to risk-weighted assets ratio was 14.92% as of September 30, 2020, above the required minimum of 8.50%[225] - Management anticipates that the current strong liquidity position will provide adequate liquidity to fund operations going forward[230] Tax and Regulatory Matters - The effective tax rate for Q3 2020 was 24.1%, compared to 23.0% in Q3 2019, reflecting a decrease in pre-tax income[205] - The provision for income taxes for the first nine months of 2020 was $7.4 million at an effective tax rate of 25.0%, compared to $8.3 million at 24.9% in the same period of 2019[206] - The Bank had no accruals for interest or penalties related to unrecognized tax benefits as of September 30, 2020[209] Charitable Contributions - The company made $360 thousand in charitable contributions during Q3 2020 to support remote learning resources for underserved students[160] - Charitable contributions increased by $370 thousand in Q3 2020, reflecting a 333.3% increase compared to the same period last year[202]

Bank of Marin Bancorp (NASDAQ:BMRC) Q3 2020 Earnings Conference Call October 26, 2020 11:30 AM ET Company Participants Andrea Henderson - Director of Marketing Russell Colombo - President and Chief Executive Officer Timothy Myers - Executive Vice President and Chief Operating Officer Tani Girton - Executive Vice President and Chief Financial Officer Elizabeth Reizman - Executive Vice President and Chief Credit Officer Conference Call Participants Jeff Rulis - D.A. Davidson & Co. Matthew Clark - Piper Sandle ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number 001-33572 Bank of Marin Bancorp (Exact name of Registrant as specified in its charter) | --- | ...