Bank of Marin Bancorp BMRC Cash Flow

Bank of marin bancorp (BMRC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities:
Net Income (Loss) Attributable to Parent
7,228	9,079	9,448	8,235	7,479	9,662	8,680	7,891	6,389	1,110	5,132	5,186	4,548	5,687	6,964	4,837	5,646	4,925	4,773	4,286	4,457	4,692	5,378	5,168	4,533	2,345	4,004	3,055	4,866	4,702	3,224	4,951	4,940	3,383	4,233	3,439	4,509
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Loan and Lease Losses
2,200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	600	150	150	-480	1,100	-230	700	2,100	100	0	2,500	500	3,000	1,050
Provision For (Reversal Of) Losses On Off-Balance Sheet Commitments
102	0	0	0	129	0	0	0	0	0	100	-208	165	0	0	150	0	-277	324	-109	-201	336	13	-15	0	-	-	-	-	-	-	-	-	-	-	-	-
Noncash contribution expense to employee stock ownership plan
324	310	310	312	313	275	297	601	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash director compensation expense
75	75	75	76	75	8	73	79	67	27	64	33	73	34	49	26	71	67	69	64	74	100	37	75	58	49	56	55	55	54	55	50	50	50	40	55	55
Stock-based compensation expense
630	269	239	151	853	250	300	343	771	214	347	332	378	275	232	264	214	159	169	216	92	110	107	130	99	94	98	119	92	101	101	120	86	85	88	111	93
Excess tax benefits from exercised stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	125	16	14	37	30	37	10	20	30	36	-11	4	26	10	3	23	35	38
Amortization of core deposit intangible
213	222	222	221	222	230	231	230	230	175	118	118	118	133	133	134	133	155	155	154	155	193	192	193	193	69	0	0	0	-	-	-	-	-	-	-	-
Amortization of investment security (discounts) premiums, net
93	-351	-358	-439	-485	-523	-676	-734	-762	-708	-708	-734	-762	-919	-827	-724	-742	-787	-821	-647	-570	-777	-682	-640	-660	-603	-725	-857	-819	-713	-688	-575	-356	-401	-208	-433	-343
Amortization of acquired loan premiums (discounts), net
-11	145	54	53	101	276	103	217	211	196	208	258	240	249	694	404	428	314	493	586	490	595	901	900	1,510	734	348	421	368	465	463	789	713	880	1,184	887	1,324
Accretion of discount on subordinated debenture
17	17	17	17	17	933	29	30	33	36	37	38	42	46	47	48	50	52	52	53	53	54	54	54	54	19	0	0	0	-	-	-	-	-	-	-	-
Net change in deferred loan origination costs/fees
225	3	199	97	49	-69	-96	-128	110	20	-25	15	-75	-14	-57	32	-75	-93	80	130	164	81	117	184	81	131	-12	341	333	-64	264	339	292	11	275	407	507
Bargain purchase gain on acquisition, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	85
Gain on sale of other real estate owned
-	-	-	-	-	-	-	-	-	5	0	0	1	-	0	0	0	-	-	-	-	-	-	-	-	0	38	1	4	0	-11	0	-3	46	0	-36	0
Debt and Equity Securities, Gain (Loss)
800	-	0	61	-6	-	-90	11	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
526	-	-	-	556	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain on sale) write-down of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	40	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	31	0	284	110	-1	72	0	8	0	4	97	-8	34	-35	0	0	-68	0	-4	38	0	0	0	0
Depreciation and amortization
-	-	-	-	-	475	532	546	547	508	489	463	481	479	449	441	453	456	441	650	421	383	383	403	416	363	343	353	336	334	339	341	341	342	329	314	308
Bank Owned Life Insurance Income
275	230	795	235	-60	228	227	230	228	217	209	210	209	218	216	209	201	204	204	203	203	209	208	211	213	188	179	186	401	190	192	192	188	196	194	193	169
Net change in operating assets and liabilities:
Interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-194	347	-456	265	17	-28	-111	1,102	-322	-337	251	168	79	-83	271	364	-129	-224	420
Interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9	1	-5	4	-9	-2	-33	60	-12	-11	-9	-14	-19	-26	-97	14	-72	-36	61
Deferred rent and other rent-related expenses
-	-	-	-	-	-	-	-	-	-50	-76	-31	145	33	-25	-211	-51	-46	-44	97	-11	-5	96	-7	76	288	6	16	28	74	170	45	42	31	43	55	107
Interest receivable and other assets
-293	2,616	-2,870	2,224	-1,641	1,631	-3,750	-1,368	2,339	699	-328	1,212	-1,305	1,781	77	-367	-2,072	1,583	-426	-830	-674	140	-626	191	479	-2,575	-528	822	1,982	243	-80	-505	-213	811	-138	-583	-1,141
Interest payable and other liabilities
-701	1,372	829	-974	-1,157	1,445	-1,907	-1,924	3,288	685	739	285	-674	90	3,621	-2,967	-1,068	1,961	1,452	-2,263	-8	-583	1,329	-1,311	-1,865	2,033	2,221	-842	1,547	1,149	723	-3,977	1,631	833	2,103	-2,619	951
Total adjustments
2,297	653	4,845	-1,856	3,050	1,161	3,837	1,677	2,810	-	3,099	59	2,420	-	2,856	-1,940	1,952	-	3,192	-1,047	1,429	-	2,226	-825	-2,393	-	3,269	183	-737	-	3,252	-3,529	1,189	2,787	1,830	634	1,566
Net cash provided by operating activities
9,525	9,732	14,293	6,379	10,529	10,823	12,517	9,568	9,199	6,503	8,231	5,245	6,968	5,131	9,820	2,897	7,598	6,592	7,965	3,239	5,886	4,770	7,604	4,343	2,140	6,561	7,273	3,238	4,129	6,779	6,476	1,422	6,129	6,170	6,063	4,073	6,075
Cash Flows from Investing Activities:
Proceeds from sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	18
Purchase of held-to-maturity securities
-	-	-	-	-	0	-1	0	1,989	1	0	1,505	2,991	0	0	2,424	0	0	0	0	2,375	0	0	0	0	-	-	-	-	46,651	14,978	10,289	15,372	21,238	4,866	700	0
Purchase of available-for-sale securities
54,902	92,042	7,610	0	11,282	61,256	53,348	11,576	109,693	67,536	41,753	3,787	5,590	22,942	118,516	16,280	3,636	97,389	113,047	65,215	11,493	1,853	6,481	0	9,872	86,372	0	0	0	17,726	2,969	38,296	14,414	1,535	14,614	70,109	6,428
Proceeds from Sale of Debt Securities, Available-for-sale
27,442	0	0	61,852	4,229	0	11,966	5,006	0	-	-	-	-	0	0	13,688	54,985	540	0	0	1,559	1	412	0	2,023	5,753	1,138	0	1,082	0	0	5	2,181	0	0	0	0
Proceeds from sale of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,421	725	6,442	0	0	0	-	-	-	-	-	-	-	-
Proceeds from paydowns/maturities of held-to-maturity securities
6,217	8,269	6,579	3,881	4,276	6,944	6,332	5,698	3,917	3,981	7,751	10,600	4,001	629	11,907	7,006	6,237	16,652	6,806	12,680	11,043	2,055	3,847	7,213	3,678	755	1,265	6,550	0	1,390	3,225	843	1,000	500	1,255	-13,307	13,307
Proceeds from paydowns/maturities of available-for-sale securities
20,924	16,333	27,806	11,634	30,271	11,745	21,377	12,968	11,572	11,433	21,741	6,791	8,594	18,691	61,402	17,028	32,548	9,873	34,152	13,681	7,133	13,051	9,736	15,155	8,429	7,369	8,227	11,157	9,579	10,236	18,358	10,541	12,764	25,394	22,654	20,203	0
Loans originated and principal collected, net
1,117	110,722	-33,129	8,400	-8,166	134,913	-11,480	-45,857	7,022	94,551	-32,807	-13,438	8,875	43,728	-16,719	15,817	-10,821	88,526	22,415	-4,669	-18,149	844	21,362	58,916	7,750	43,462	-1,155	-21,157	1,937	25,868	10,937	8,158	-1,794	12,283	-4,171	42,404	-25,334
Purchase of bank-owned life insurance policies
941	1,105	0	0	1,892	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	364	0	0	0	2,500
Purchase of premises and equipment
146	123	175	177	67	292	169	214	232	291	329	517	297	388	413	182	57	224	305	475	414	965	364	663	342	323	112	173	350	698	260	237	26	333	673	844	622
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	244	0	0	170	0	0	0	0	-	-	-	-	-	-	-	-	0	230	1	39	0	19	0	22	222	0	199	0
Cash acquired from the Bank of Napa acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	44,042
Cash paid for low income housing tax credit investment
1,251	613	301	0	38	29	16	17	356	3	271	283	345	3	73	149	76	73	211	216	218	286	0	139	69	-	-	0	0	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-1,540	-116,229	-7,446	85,590	17,331	-76,215	-25,337	-33,992	-89,759	41,882	-45,668	-818	12,417	-23,029	-62,681	9,206	100,822	-159,147	-94,005	-33,510	23,384	11,159	-14,704	-35,929	-3,178	-55,206	9,593	-3,622	12,287	-113,919	14,332	-29,275	-16,003	-34,852	-415	-72,822	73,151
Cash Flows from Financing Activities:
Net (decrease) increase in deposits
-29,379	111,965	122,484	-76,589	3,789	-38,006	75,123	-48,871	37,924	7,814	50,430	61,271	6,569	-28,769	95,854	24,269	-46,880	92,744	4,999	45,363	33,501	-20,005	-27,199	22,483	-10,762	53,600	68,039	-7,114	-21,738	-5,584	28,156	-14,924	42,669	26,447	37,619	50,546	-21,460
Proceeds from stock options exercised
824	97	102	211	259	6	0	81	504	0	0	0	88	182	6	165	1,035	438	114	462	312	306	474	2	670	482	432	247	1,057	608	109	134	190	90	179	207	265
Payment of tax withholdings for stock options exercised and vesting of restricted stock
73	0	0	18	202	3	0	17	79	0	0	0	60	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock issued under employee and director stock purchase plans
34	14	27	14	23	6,935	28	9	28	-750	13	706	31	-	22	7	20	-	16	3	5	-	17	7	7	-	-17,200	9,000	8,200	-	-	0	0	-	-	-	-
Stock repurchased, net of commissions
3,333	-28,341	2,824	5,815	4,640	-8,203	1,230	104	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	11	15	-	6	9	9	6	10	11	6
Repayment of Federal Home Loan Bank borrowings
0	0	0	0	7,000	-	0	0	0	-	-	-	-	0	0	19,350	47,650	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	20,000	0	20,000	0	13,500
Repayment of finance lease obligations
45	43	42	42	41	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid on common stock
3,127	2,851	2,865	2,612	2,630	2,441	2,238	2,166	2,015	1,793	1,788	1,660	1,655	1,650	1,529	1,526	1,518	1,454	1,316	1,313	1,307	1,305	1,185	1,123	1,120	1,038	982	979	971	967	966	910	908	907	852	851	847
Excess tax benefits from exercised stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	125	16	14	37	30	37	10	20	30	36	-11	4	26	10	3	23	35	38
Net cash used in financing activities
-35,099	107,399	116,882	-84,851	-10,442	-43,105	71,683	-51,068	36,362	6,036	48,655	60,317	4,973	-30,228	94,353	3,565	-94,993	143,583	3,822	44,640	32,527	-20,986	-27,856	21,399	-11,168	53,060	50,317	1,195	-13,401	-5,949	22,309	-15,665	21,970	25,639	16,979	49,948	-35,498
Net (decrease) increase in cash, cash equivalents and restricted cash
-27,114	902	123,729	7,118	17,418	-108,497	58,863	-75,492	-44,198	54,421	11,218	64,744	24,358	-48,126	41,492	15,668	13,427	-8,972	-82,218	14,369	61,797	-5,057	-34,956	-10,187	-12,206	4,415	67,183	811	3,015	-113,089	43,117	-43,518	12,096	-3,043	22,627	-18,801	43,728
Supplemental disclosure of cash flow information:
Cash paid in interest
1,260	1,308	1,160	1,125	1,066	862	654	540	543	404	380	378	373	390	405	838	498	512	519	501	534	525	534	532	594	420	441	435	444	520	701	682	829	934	2,076	1,171	1,147
Cash paid in income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	4,270	2,000	6,590	505	2,465	1,333	5,240	30	4,350	2,260	4,680	0	1,350	0	5,935	1,954	2,880	605	7,683	253	2,010	1,100	5,846	203
Supplemental disclosure of noncash investing and financing activities:
Change in net unrealized gain or loss on available-for-sale securities
9,812	-2,018	936	8,982	3,939	7,714	-2,120	-1,131	-6,170	-2,638	2,674	1,961	1,674	-9,869	-1,225	2,229	2,813	-397	-535	-1,803	1,309	5,029	-4,472	976	1,430	-2,146	-587	-1,666	-303	16	747	-43	66	-	-	-	-
Securities transferred from available-for-sale to held-to-maturity
-	-	-	-	-	-	-	-	-	35	0	0	128,965	0	0	0	0	-	-	-	-	0	0	0	14,297	0	0	0	0	-	-	-	-	-	-	-	-
Amortization Of Net Unrealized Loss On Available-For-Sale Securities Transferred To Held-To-Maturity
110	117	123	104	101	120	128	132	136	127	134	124	41	-	0	0	0	-	-	-	-	-	-	-	-	-	-	0	192	0	0	65	0	0	201	100	0
Right-of-use assets obtained in exchange for operating lease liabilities
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of deferred rent and unamortized lease incentives from other liabilities to operating lease right-of-use assets
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of available-for-sale security on account and unsettled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,218
Change in unrealized gain on available-for- sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,058
Subscription in low income housing tax credit investment
-	-	-	-	-	0	6,000	0	-3,000	-	-	-	0	-	-	-	-	0	0	0	1,023	0	0	0	1,000	0	0	1,000	0	-	-	-	-	-	-	-	-
Stock issued to employee stock ownership plan
-	310	310	312	313	275	297	601	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock issued in payment of director fees
117	-	117	0	114	-	113	0	91	52,997	106	0	82	-234	97	0	137	-275	137	0	138	0	133	0	103	0	112	0	110	0	99	0	100	0	100	200	-100
Repurchase of stock not yet settled
0	69	-98	-28	160	-62	205	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of assets acquired, excluding cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	107,763
Fair value of liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	215,356	-107,678