Bank of marin bancorp (BMRC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities:
Net Income (Loss) Attributable to Parent

34,241

32,622

15,976

23,134

18,441

19,771

14,270

17,817

15,564

13,552

12,765

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Loan and Lease Losses

900

0

500

-1,850

500

750

540

2,900

7,050

5,350

5,510

Provision For (Reversal Of) Losses On Off-Balance Sheet Commitments

129

0

57

150

-263

334

112

-52

-

-

-

Write-down of deferred tax assets, net

-

-

3,017

0

0

-

-

-

-

-

-

Noncash contribution expense to employee stock ownership plan

1,245

1,173

1,152

0

0

-

-

-

-

-

-

Noncash director compensation expense

301

227

197

180

274

270

215

209

200

200

210

Stock-based compensation expense

1,512

1,664

1,271

985

636

446

403

408

377

350

403

Excess tax benefits from exercised stock options

-

-

-

-

-

118

96

29

99

102

157

Amortization of core deposit intangible

887

921

529

533

619

771

69

0

725

0

0

Amortization of investment security (discounts) premiums, net

-1,633

-2,695

-2,912

-3,212

-2,825

-2,759

-3,004

-2,332

-1,385

-1,194

-337

Amortization of acquired loan premiums (discounts), net

353

807

902

1,775

1,883

3,906

1,871

2,430

4,275

0

-

Accretion of discount on subordinated debenture

68

1,025

153

191

210

216

19

0

0

-

-

Accretion on acquired loans

-

-

-

-

-

-

-

-

-

-

0

Net change in deferred loan origination costs/fees

348

-183

-65

-114

281

463

793

831

1,200

119

172

Loss on disposal of premises and equipment

-

-

-

-3

-4

0

-

-20

-117

-3

-

Bargain purchase gain on acquisition, net of tax

-

-

-

-

-

-

-

-

85

0

0

Gain on sale of other real estate owned

-

-

6

-

-

-

43

-14

10

-15

-29

(Gain on sale) write-down of other real estate owned

-

-

-

13

40

0

0

-

-

-

-

Gain on sale of investment securities

55

876

-185

425

79

93

-1

-34

0

0

4

Depreciation and amortization

2,200

2,100

1,941

1,822

1,968

1,585

1,395

1,355

1,293

1,344

1,370

Other-than-temporary impairment on securities available-for-sale

-

-

-

-

-

13

0

0

-

-

-

Loss on disposal of premise and equipment

-

-

-

-

-

-

-

-

-

-

0

Bank Owned Life Insurance Income

1,200

913

845

844

814

841

954

762

752

690

-696

Net change in operating assets and liabilities:
Interest receivable

-

-

-

-

-

143

694

435

431

-131

257

Interest payable

-

-

-

-

-

-40

28

-156

-33

97

57

Deferred rent and other rent-related expenses

-

-

-12

-254

-4

160

338

331

236

253

260

Interest receivable and other assets

329

-1,148

278

-581

-347

184

-299

-555

-1,051

-713

6,507

Interest payable and other liabilities

70

902

1,035

-324

1,142

-2,430

4,959

-474

1,268

1,138

675

Total adjustments

6,692

9,485

-

-

-

-

-

-

6,817

9,877

-

Net cash provided by operating activities

40,933

42,107

26,947

25,446

23,682

18,857

21,201

20,806

22,381

23,429

13,831

Cash Flows from Investing Activities:
Proceeds from sale of premises and equipment

-

-

-

-

-

-

-

-

18

0

0

Purchase of held-to-maturity securities

3,549

1,988

4,497

2,424

2,375

0

0

87,290

26,804

5,464

-8,706

Purchase of available-for-sale securities

110,934

235,873

118,666

161,374

287,144

18,206

86,372

73,405

92,686

50,517

57,814

Proceeds from Sale of Debt Securities, Available-for-sale

66,081

16,972

55,408

68,673

2,099

2,436

7,973

2,186

0

0

5,343

Proceeds from sale of held-to-maturity securities

-

-

-

1,265

1,015

2,146

6,442

0

0

-

-

Proceeds from paydowns/maturities of held-to-maturity securities

23,005

22,891

26,333

25,779

47,181

16,793

8,570

6,458

1,755

790

320

Proceeds from paydowns/maturities of available-for-sale securities

86,044

57,662

48,559

129,669

64,839

46,371

36,332

51,899

68,251

37,158

36,209

Proceeds from sale of Visa Inc. Class B restricted common stock

0

956

0

-

-

-

-

-

-

-

-

Loans originated and principal collected, net

77,827

84,598

57,181

32,005

88,123

88,872

23,087

43,169

25,182

26,804

33,984

Purchase of bank-owned life insurance policies

2,997

0

-

2,133

0

0

1,421

364

2,500

0

0

Cash receipts from bank-owned life insurance policies

1,533

0

-

-

-

-

-

-

-

-

-

Purchase of premises and equipment

542

907

1,434

1,040

1,418

2,334

958

1,221

2,472

1,723

1,121

Proceeds from sale of loan

-

-

-

0

1,502

0

0

-

-

-

-

Proceeds from sale of other real estate owned

-

-

414

0

0

-

270

41

421

216

42

Cash acquired from the Bank of Napa acquisition

-

-

59,779

0

0

-

15,785

0

44,042

0

0

Purchase of Federal Home Loan Bank stock

616

0

-

1,791

136

492

420

0

-219

0

0

Cash paid for low income housing tax credit investment

952

418

902

301

718

494

62

0

0

-

-

Net cash (used in) provided by investing activities

-20,754

-225,303

7,813

24,318

-263,278

-42,652

-36,948

-144,865

-34,938

-46,344

-59,711

Cash Flows from Financing Activities:
Net (decrease) increase in deposits

161,649

26,170

126,084

44,474

176,607

-35,483

92,787

50,317

93,152

71,678

91,771

Proceeds from stock options exercised

669

591

88

1,388

1,326

1,452

2,218

1,041

741

895

873

Payment of tax withholdings for stock options exercised and vesting of restricted stock

220

99

60

0

0

-

-

-

-

-

-

Cash dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

451

Proceeds from stock issued under employee and director stock purchase plans

78

76

0

-

-

-

-

-

-

-

-

Stock repurchased, net of commissions

-15,062

-6,869

0

-

-

-

-

-

33

17

24

Repayment of Federal Home Loan Bank borrowings

7,000

-

-

67,000

-52,000

0

0

20,000

33,500

0

1,800

Repayment of subordinated debenture including execution costs

0

4,137

0

-

-

-

-

5,000

0

0

-

Repayment of finance lease obligations

168

0

-

-

-

-

-

-

-

-

-

Preferred stock repurchased

-

-

-

-

-

-

-

-

-

-

28,000

Cash dividends paid on common stock

10,958

8,860

6,896

6,223

5,390

4,733

3,970

3,751

3,457

3,205

2,960

Proceeds from stock issued under employee and director stock purchase plans and ESOP

-

-

765

58

29

35

40

29

-

-

-

Excess tax benefits from exercised stock options

-

-

-

-

-

118

96

29

99

102

157

Net cash used in financing activities

128,988

13,872

119,981

-27,303

224,572

-38,611

91,171

22,665

57,068

69,487

59,614

Net (decrease) increase in cash, cash equivalents and restricted cash

149,167

-169,324

154,741

22,461

-15,024

-62,406

75,424

-101,394

44,511

46,572

13,734

Supplemental disclosure of cash flow information:
Cash paid in interest

4,659

2,599

1,535

2,131

2,066

2,185

1,740

2,732

5,328

7,246

-7,110

Cash paid in income taxes

12,738

8,380

9,761

13,365

9,068

11,290

9,239

11,421

9,159

7,610

-8,571

Supplemental disclosure of noncash investing and financing activities:
Change in net unrealized gain or loss on available-for-sale securities

11,839

-1,707

3,671

-6,052

-1,426

2,963

-4,702

786

90

1,600

-

Securities transferred from available-for-sale to held-to-maturity

0

27,400

129,000

0

0

14,297

0

0

-

-

-

Amortization Of Net Unrealized Loss On Available-For-Sale Securities Transferred To Held-To-Maturity

445

516

426

-

-

-

192

65

301

270

-168

Transfer of loan to loans held-for-sale at fair value

-

-

-

0

1,502

0

0

-

-

-

-

Subscription in low income housing tax credit investment

0

3,000

0

0

1,023

1,000

1,000

0

-

-

-

Stock issued to employee stock ownership plan

1,245

1,173

1,152

234

275

-

-

-

-

-

-

Stock issued in payment of director fees

231

204

188

-

-

-

-

-

-

-

-

Stock issued in payment of director fees

-

-

53,185

0

0

236

222

199

200

200

-233

Repurchase of stock not yet settled

103

143

0

-

-

-

-

-

-

-

-

Accretion of preferred stock

-

-

-

-

-

-

-

-

-

-

945

Fair value of assets acquired, excluding cash acquired

-

-

245,342

0

0

-

280,917

0

107,763

0

0

Fair value of liabilities assumed

-

-

251,938

0

0

-

246,384

0

107,678

0

0

Stock issued to NorCal Community Bancorp shareholders

-

-

-

-

-

-

18,514

0

0

-

-