Trade Bank of Marin Bancorp - BMRC CFD

Bank of Marin Company profile

About Bank of Marin Bancorp

Bank of Marin Bancorp is the holding company for Bank of Marin (the Bank). The Company's business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. The Company offers a range of commercial and retail deposit and lending programs. Its lending categories include commercial real estate loans, commercial and industrial loans, including small business loans, construction financing, consumer loans, and home equity lines of credit. It offers merchant and payroll services, a commercial equipment leasing program and consumer credit cards, through third-party vendors. It offers Wealth Management and Trust Services (WMTS), which include customized investment portfolio management, trust administration, estate settlement and custody services. It also makes international banking services available to its customers indirectly through other financial institutions, with whom it has correspondent banking relationships.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Bank of Marin Bancorp interest income increased 9% to $108.4M. Net interest income after loan loss provision increased 13% to $107.4M. Net income increased 10% to $33.2M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 8% to $91.6M, Interest on investment securities increase of 13% to $16.3M.

Equity composition

Common Stock no Par, 06/11, 15M auth., 5,321,227 issd. Insiders own approx. 3.65%. IPO: 1989,824,000 shares @ $10 per share by Company. 04/06, 4/05, 4/03, 4/02, 4/01, 4/00, 4/95, 5% stock dividends; 4/96, 6% stock dividend; 4/97, 4/98, 7% stock dividends.