Bank of Marin Bancorp BMRC Income Statement

Bank of marin bancorp (BMRC)

Income statement / TTM

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	Sep'10	Jun'10
Interest income
Interest and fees on loans
84,523	84,331	83,940	82,699	81,335	79,527	76,584	73,038	69,837	66,799	65,404	66,506	66,180	67,472	66,668	64,326	63,516	61,754	62,110	62,807	63,883	64,823	63,235	60,089	57,092	54,408	54,684	55,752	57,710	59,403	59,919	61,369	62,907	63,479	62,625	61,227	0	0	0
Interest on investment securities
14,853	14,785	15,154	15,296	15,032	14,092	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities of U.S. government agencies
-	-	-	-	-	-	-	-	-	-	5,906	5,664	5,321	5,155	5,287	5,227	5,026	4,709	4,199	4,102	4,305	4,502	4,361	3,788	3,180	2,573	2,443	2,621	2,853	3,195	3,362	3,784	3,712	3,478	3,460	3,192	0	0	0
Obligations of state and political subdivisions
-	-	-	-	-	-	-	-	-	-	2,228	2,286	2,321	2,339	2,320	2,278	2,201	2,155	2,114	2,083	2,179	2,273	2,352	2,380	2,210	2,214	2,164	2,022	2,040	1,789	1,620	1,536	1,384	1,299	1,187	1,174	0	0	0
Corporate debt securities and other
-	-	-	-	-	-	-	-	-	-	140	147	188	256	359	483	585	685	799	891	968	1,031	1,049	1,106	1,189	1,245	1,327	1,342	1,288	1,165	1,015	840	726	636	577	564	0	0	0
Interest on federal funds sold and due from banks
1,514	1,321	1,127	1,102	1,197	1,461	1,460	1,466	1,338	995	676	374	257	208	183	114	125	135	143	145	131	161	200	197	163	120	111	119	172	214	218	232	232	222	200	172	0	0	0
Total interest income
100,890	100,437	100,221	99,097	97,564	95,080	90,713	85,716	81,011	76,596	74,354	74,977	74,267	75,430	74,817	72,428	71,453	69,438	69,365	70,028	71,466	72,790	71,197	67,560	63,834	60,560	60,729	61,856	64,063	65,766	66,134	67,761	68,961	69,114	68,049	66,329	0	0	0
Interest expense
Interest on interest-bearing transaction accounts
336	347	337	294	251	226	192	158	131	108	101	104	111	109	109	110	112	115	113	110	106	99	91	78	64	52	49	85	118	151	167	154	157	151	153	144	0	0	0
Interest on savings accounts
68	70	70	71	72	72	72	71	69	66	63	61	59	58	57	54	53	51	49	49	47	46	44	41	38	35	41	58	74	88	95	90	91	98	102	108	0	0	0
Interest on money market accounts
3,646	3,439	2,972	2,454	1,903	1,355	984	780	658	555	475	454	447	445	450	463	479	495	510	511	519	550	539	514	478	419	440	520	605	689	826	971	1,132	1,286	1,606	2,009	0	0	0
Interest on CDARS time accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	37	56	83	117	148	175	237	413	596	0	0	0
Interest on time accounts
637	595	557	540	505	542	579	587	586	576	587	639	693	743	774	796	818	853	880	897	913	917	934	932	925	922	924	951	996	1,068	1,163	1,214	1,260	1,314	1,369	1,441	0	0	0
Interest on borrowings and other obligations
32	77	75	72	49	2	2	1	0	-	0	0	-	478	559	639	339	317	316	315	315	315	314	315	321	322	323	396	429	497	649	1,764	2,004	2,209	2,340	1,428	0	0	0
Interest on subordinated debentures
218	229	1,152	1,220	1,285	1,339	473	459	445	439	439	437	435	436	431	427	425	420	420	421	421	422	351	245	140	35	0	0	0	-	-	-	-	-	-	-	-	-	-
Total interest expense
4,937	4,757	5,163	4,651	4,065	3,536	2,302	2,056	1,889	1,744	1,665	1,695	2,123	2,269	2,380	2,489	2,226	2,251	2,288	2,303	2,321	2,349	2,266	2,118	1,961	1,785	1,795	2,047	2,278	2,576	3,017	4,341	4,819	5,295	5,983	5,726	0	0	0
Net interest income
95,953	95,680	95,058	94,446	93,499	91,544	88,411	83,660	79,122	74,852	72,689	73,282	72,144	73,161	72,437	69,939	69,227	67,187	67,077	67,725	69,145	70,441	68,931	65,442	61,873	58,775	58,934	59,809	61,785	63,190	63,117	63,420	64,142	63,819	62,066	60,603	0	0	0
Provision for loan losses
3,100	900	400	0	0	0	500	500	500	500	-300	-1,850	-1,850	-1,850	-1,050	500	500	500	0	0	600	750	900	420	920	540	1,090	3,670	2,670	2,900	4,700	3,100	6,000	7,050	5,950	6,800	0	0	0
Net interest income after provision for loan losses
92,853	94,780	94,658	94,446	93,499	91,544	87,911	83,160	78,622	74,352	72,989	75,132	73,994	75,011	73,487	69,439	68,727	66,687	67,077	67,725	68,545	69,691	68,031	65,022	60,953	58,235	57,844	56,139	59,115	60,290	58,417	60,320	58,142	56,769	56,116	53,803	0	0	0
Non-interest income
Earnings on (cost of) bank-owned life insurance
1,535	1,200	1,198	630	625	913	902	884	864	845	846	853	852	844	830	818	812	814	819	823	831	841	820	791	766	954	956	969	975	762	769	771	772	753	0	0	0	-	-
Dividends on Federal Home Loan Bank stock
811	799	968	960	959	959	763	746	730	766	1,161	1,207	1,216	1,153	762	748	1,024	1,003	967	888	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (losses) on sale of investment securities, net
861	55	1,010	920	870	876	0	21	0	-	0	0	-	425	393	465	181	79	67	-1	96	80	127	88	-9	-1	-35	0	0	-	0	-	-	-	-	-	-	-	-
Other income
1,537	1,345	1,357	1,491	1,549	1,642	1,483	1,269	1,138	1,039	946	936	949	908	885	883	957	937	806	815	697	900	875	937	917	704	812	658	582	502	558	556	519	784	1,079	1,625	0	0	0
Total non-interest income
10,433	9,084	10,189	9,704	9,668	10,139	8,707	8,537	8,395	8,268	8,740	8,788	9,113	9,161	8,796	8,980	9,167	9,193	9,251	9,254	9,014	9,041	8,948	8,600	8,176	8,066	7,819	7,667	7,523	7,112	6,820	6,584	6,365	6,269	6,052	5,992	0	0	0
Non-interest expense
Salaries and related benefits
34,584	34,253	34,359	34,016	33,464	33,335	33,254	32,529	31,500	29,958	28,614	27,953	27,390	26,663	26,157	25,774	25,722	25,764	25,497	25,305	24,865	25,005	25,127	24,408	23,606	21,974	21,127	20,949	20,833	21,139	20,871	20,980	20,886	20,211	20,134	19,375	0	0	0
Occupancy and equipment
6,275	6,143	6,130	6,067	6,000	5,976	5,871	5,791	5,660	5,472	5,413	5,324	5,119	5,081	5,048	5,119	5,437	5,498	5,607	5,642	5,478	5,470	5,226	4,885	4,608	4,347	4,263	4,312	4,316	4,230	4,113	4,045	4,082	4,002	3,901	3,794	0	0	0
Depreciation and amortization
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	2,176	2,135	-	2,100	2,133	2,090	2,007	1,941	1,912	1,872	1,850	1,822	1,799	1,791	2,000	1,968	1,895	1,837	1,590	1,585	1,565	1,525	1,475	1,395	1,366	1,362	1,350	1,355	1,363	1,353	1,326	1,293	1,286	1,317	0	0	0
Federal Deposit Insurance Corporation insurance
184	361	542	727	744	756	744	725	696	666	555	641	725	825	1,018	1,015	1,022	997	991	1,002	1,018	1,032	1,020	1,003	957	921	926	903	898	917	882	850	846	1,000	1,178	1,364	0	0	0
Data processing
3,488	3,717	3,946	3,973	3,992	4,358	5,412	5,408	5,348	4,906	3,807	3,755	3,708	3,625	3,571	3,512	3,388	3,318	3,222	3,135	3,091	3,665	6,333	6,197	6,145	5,334	2,509	2,493	2,457	2,514	2,419	2,465	2,714	2,690	2,624	2,467	0	0	0
Professional services
2,090	2,132	2,182	2,329	2,604	3,317	3,849	3,923	3,635	2,858	2,361	2,036	2,068	2,044	2,077	2,094	2,055	2,121	2,225	2,269	2,166	2,230	2,446	2,684	3,086	2,985	2,836	2,580	2,282	2,340	2,181	2,127	2,351	2,499	2,488	2,477	0	0	0
Directors' expense
730	735	725	709	705	700	693	695	736	720	662	630	522	553	654	693	824	826	773	748	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Information technology
1,056	1,065	1,050	1,033	1,013	1,023	1,001	918	840	769	760	888	867	862	847	726	777	736	734	721	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of core deposit intangible
878	887	896	904	913	921	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for losses on off-balance sheet commitments
102	129	129	129	129	0	0	100	-108	57	57	-43	315	150	-127	197	-62	-263	350	39	133	334	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
6,326	6,320	6,171	6,055	5,997	5,737	6,018	6,091	6,308	6,435	6,292	6,251	6,129	6,067	6,037	5,888	5,948	5,984	5,817	6,122	6,281	6,639	5,981	6,099	6,201	5,974	6,776	6,689	6,418	6,199	7,017	6,855	6,783	6,588	5,445	5,432	0	0	0
Total non-interest expense
57,911	57,970	58,349	58,120	57,713	58,266	59,665	58,730	56,852	53,782	50,433	49,307	48,693	47,692	47,081	46,809	47,111	46,949	47,418	47,130	46,268	47,263	49,521	48,278	47,240	44,092	39,803	39,288	38,554	38,694	38,846	38,675	38,988	38,283	37,056	36,226	0	0	0
Income before provision for income taxes
45,375	45,894	46,498	46,030	45,454	43,417	36,953	32,967	30,165	28,838	31,296	34,613	34,414	36,480	35,202	31,610	30,783	28,931	28,910	29,849	31,291	31,469	27,458	25,344	21,889	22,209	25,860	24,518	28,084	28,708	26,391	28,229	25,519	24,755	25,112	23,569	0	0	0
Provision for income taxes
11,385	11,653	11,674	11,974	11,742	10,795	12,883	12,445	12,348	12,862	10,743	12,228	12,378	13,346	12,830	11,429	11,153	10,490	10,702	11,036	11,596	11,698	10,034	9,294	7,952	7,939	9,233	8,671	10,341	10,891	9,893	10,722	9,524	9,191	9,572	8,924	0	0	0
Net income
33,990	34,241	34,824	34,056	33,712	32,622	24,070	20,522	17,817	15,976	20,553	22,385	22,036	23,134	22,372	20,181	19,630	18,441	18,208	18,813	19,695	19,771	17,424	16,050	13,937	14,270	16,627	15,847	17,743	17,817	16,498	17,507	15,995	15,564	15,540	14,645	0	0	0
Net income per common share:
Basic (in dollars per share)
0.53	0.67	0.70	0.60	0.54	0.69	0.63	0.57	0.46	-1.15	0.84	0.85	0.75	0.94	1.14	0.80	0.93	0.82	0.80	0.72	0.75	0.79	0.91	0.88	0.77	0.42	0.74	0.56	0.90	0.88	0.60	0.93	0.93	0.64	0.80	0.65	0.85	0.64	0.64
Diluted (in dollars per share)
0.53	0.65	0.69	0.60	0.54	0.69	0.62	0.56	0.46	-1.14	0.83	0.84	0.74	0.92	1.14	0.79	0.93	0.80	0.79	0.71	0.74	0.78	0.89	0.86	0.76	0.41	0.72	0.55	0.89	0.86	0.59	0.91	0.91	0.63	0.79	0.64	0.84	0.63	0.63
Weighted average shares:
Basic (in shares)
13,525	13,517	13,571	13,655	13,737	13,841	13,900	13,888	13,827	31,243	6,123	6,110	6,092	6,083	6,083	6,078	6,048	6,035	5,963	5,945	5,921	5,911	5,903	5,888	5,870	5,587	5,433	5,419	5,389	5,357	5,344	5,337	5,326	5,313	5,310	5,300	5,283	5,241	5
Diluted (in shares)
13,656	13,699	13,735	13,818	13,924	13,929	14,110	14,066	14,011	31,643	6,191	6,174	6,172	6,144	6,117	6,109	6,090	6,083	6,067	6,062	6,048	6,037	6,014	5,993	5,980	5,698	5,538	5,509	5,487	5,451	5,455	5,419	5,425	5,394	5,390	5,385	5,366	5,311	5
Dividends declared per common share (usd per share)
-	-	-	-	-	-	-	-	-	-	-	0.27	0.27	0.27	0.25	0.25	0.25	0.24	0.22	0.22	0.22	0.22	0.20	0.19	0.19	0.19	0.18	0.18	0.18	0.18	0.18	0.17	0.17	0.17	0.16	0.16	0.16	0.15	0.15
Comprehensive income:
Net Income (Loss) Attributable to Parent
33,990	34,241	34,824	34,056	33,712	32,622	24,070	20,522	17,817	15,976	20,553	22,385	22,036	23,134	22,372	20,181	19,630	18,441	18,208	18,813	19,695	19,771	17,424	16,050	13,937	14,270	16,627	15,847	17,743	17,817	16,498	17,507	15,995	15,564	15,540	14,645	0	0	0
Other comprehensive income
Change in net unrealized gains or losses on available-for-sale securities included in net income
17,712	11,839	21,571	18,515	8,402	-1,707	-12,059	-10,301	-7,209	3,671	-3,581	-4,050	-3,892	-5,679	1,693	4,047	125	-1,481	1,929	62	2,841	2,939	-83	-360	-3,002	-4,720	-2,574	-1,206	421	752	545	69	1,176	90	0	0	0	-	-
Reclassification adjustment for (gains) losses on available-for-sale securities in net income
861	55	55	-35	-85	-79	-79	21	0	-	0	0	-	394	392	392	108	6	3	-1	-1	-24	-2	-33	-33	-18	-35	0	-4	34	34	34	38	0	0	0	0	-	-
Net unrealized losses on securities transferred from available-for-sale to held-to-maturity
-	-	0	0	-	-	0	0	-	3,036	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity
454	445	448	453	481	516	522	529	521	426	321	186	62	21	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subtotal
17,305	12,229	21,964	19,003	8,690	-1,390	-11,541	-9,866	-6,503	1,246	-6,306	-6,910	-7,150	-6,052	1,362	3,716	78	-1,426	1,926	63	2,842	2,963	-81	-327	-2,969	-4,702	-2,539	-1,206	417	786	579	103	1,214	90	0	0	0	-	-
Deferred tax expense
5,123	3,624	6,500	5,625	2,570	-412	-3,791	-3,325	-2,049	439	-2,649	-2,920	-3,036	-2,566	535	1,556	89	-531	892	97	1,238	1,203	-75	-180	-1,330	-1,975	-1,066	-506	176	330	243	43	510	37	0	0	0	-	-
Other comprehensive income, net of tax
12,182	8,605	15,464	13,378	6,120	-978	-7,750	-6,541	-4,454	807	-3,657	-3,990	-4,114	-3,486	827	2,160	-11	-895	1,034	-34	1,604	1,760	-6	-147	-1,639	-2,727	-1,473	-700	241	456	336	60	704	53	0	0	0	-	-
Comprehensive income
46,172	42,846	50,288	47,434	39,832	31,644	16,320	13,981	13,363	16,783	16,896	18,395	17,922	19,648	23,199	22,341	19,619	17,546	19,242	18,779	21,299	21,531	17,418	15,903	12,298	11,543	15,154	15,147	17,984	18,273	16,834	17,567	16,699	15,617	0	0	0	-	-
Deposit Account
Service charges on deposit accounts, wealth management and trust services, debit card interchange fees net, and merchant interchange fees net
1,837	1,865	1,887	1,923	1,893	1,891	0	1,817	1,809	1,784	1,782	1,791	1,785	1,789	1,805	1,847	1,910	1,979	2,049	2,112	2,136	2,167	2,153	2,110	2,097	2,062	2,074	2,093	2,127	2,130	2,048	1,998	1,917	1,836	1,835	1,820	0	0	0
Fiduciary and Trust
Service charges on deposit accounts, wealth management and trust services, debit card interchange fees net, and merchant interchange fees net
1,973	1,907	1,832	1,827	1,842	1,919	0	2,086	2,102	2,090	2,037	2,004	2,027	2,090	2,181	2,243	2,319	2,391	2,374	2,373	2,383	2,309	2,288	2,253	2,179	2,162	2,131	2,106	2,055	1,964	1,896	1,875	1,856	1,834	1,753	1,635	0	0	0
Debit Card
Service charges on deposit accounts, wealth management and trust services, debit card interchange fees net, and merchant interchange fees net
1,566	1,586	1,603	1,599	1,545	1,561	0	1,531	1,555	1,531	1,537	1,540	1,537	1,503	1,470	1,449	1,436	1,445	1,430	1,433	1,425	1,378	1,319	1,232	1,152	1,104	1,081	1,054	1,033	1,015	987	947	891	845	0	0	0	-	-
Merchant Interchange Fees, Net
Service charges on deposit accounts, wealth management and trust services, debit card interchange fees net, and merchant interchange fees net
317	331	334	354	385	378	399	388	382	398	390	416	432	449	470	527	528	545	604	657	735	803	828	800	815	822	800	787	751	739	620	596	0	-	0	0	-	-	-