Bank of Marin Bancorp SEC filings document the regulatory record of a California bank holding company whose common stock trades on Nasdaq under BMRC. The filings identify Bank of Marin as its wholly owned banking subsidiary and cover financial results, capital structure, registered securities, and material events affecting the company.
BMRC filings include Form 8-K reports for quarterly operating results, Regulation FD investor presentations, dividend disclosures, corporate governance and officer appointments, and accounting matters involving non-reliance on previously issued financial statements. Its proxy materials document board elections, executive compensation, equity awards, pay-versus-performance disclosures, and shareholder voting matters.
Bank of Marin Bancorp Executive Vice President Robert Gotelli reported administrative updates to his equity holdings. Three stock option grants expired unexercised: 1,300 options at an exercise price of $22.94 per share on April 1, 2024, 2,200 options at $25.38 on March 2, 2025, and 1,200 options at $24.83 on March 1, 2026. The footnotes state these Form 4 entries are being filed late due to administrative oversight. Gotelli continues to hold 36,460 common shares directly, 17,151.0485 shares indirectly through an ESOP, and multiple remaining option awards with exercise prices mainly in the mid‑$30 to mid‑$40 range expiring between 2027 and 2032.
Bank of Marin Bancorp director Russell A. Colombo reported the expiration of several stock option awards. Options for 8,400 shares of common stock at an exercise price of $22.94 per share expired unexercised on April 1, 2024. Additional options for 14,340 shares at $25.38 per share expired unexercised on March 2, 2025, and options for 14,820 shares at $24.83 per share expired unexercised on March 1, 2026. Footnotes state these options had fully vested years earlier and that the related Form 4 reports were filed late due to an administrative oversight.
Colombo continues to hold common stock indirectly through an IRA with 13,692 shares and as trustee of the Colombo Family Trust with 43,560 shares, along with 2,551 shares held directly. He also retains multiple stock option positions covering 4,723, 7,430, 10,030, 11,540, 5,420 and 10,360 underlying shares at exercise prices between $33.58 and $44.45 per share, with expiration dates from March 1, 2027 through March 1, 2031.
Bank of Marin Bancorp director Nicolas C. Anderson reported an open-market purchase of common stock. He bought 200 shares of Bank of Marin Bancorp common stock at a price of $25.68 per share. Following this transaction, his direct ownership increased to 12,762 common shares.
Bank of Marin Bancorp reported a solid rebound in profitability for the first quarter of 2026. Net income was $8.5 million, compared to a net loss of $39.5 million in the prior quarter that was driven by a securities repositioning, and up 75% from $4.9 million a year earlier. Diluted earnings per share were $0.53, versus a diluted loss per share of $(2.49) in the prior quarter and $0.30 in the prior-year quarter.
The tax-equivalent net interest margin improved to 3.24% from 3.18% in the prior quarter and 2.70% a year ago, helped by higher-yielding securities and stable deposit costs at 1.35%. Total deposits edged up to $3.43 billion, with non-interest-bearing balances representing a strong 35.9% of total deposits.
Asset quality strengthened meaningfully. Non-accrual loans fell to 0.41% of total loans from 1.27%, and classified loans declined to 0.85% of loans from 1.51%, largely due to the sale of two long-tenured non-performing commercial real estate loans. The allowance for credit losses stood at 1.08% of total loans, and there was no provision for credit losses in the quarter.
Capital remained strong, with Bancorp’s total risk-based capital ratio at 15.26% and tangible common equity to tangible assets at 8.33% as of March 31, 2026. The Board approved a quarterly cash dividend of $0.25 per share, marking the 84th consecutive quarterly dividend, payable May 14, 2026 to shareholders of record on May 7, 2026.
Bank of Marin Bancorp is asking shareholders to vote at its 2026 annual meeting on electing ten directors, approving executive pay on an advisory basis, and ratifying the independent auditor. The board unanimously recommends voting “FOR” all three proposals.
The meeting is scheduled for May 27, 2026 at 4:00 p.m. Pacific Time at the Buck Institute for Research on Aging in Novato, California, with April 8, 2026 as the record date. Shareholders can vote by internet, telephone or mail, and must pre‑register online to attend in person.
The proxy highlights improved 2025 performance, including higher loan originations, stronger net interest margin and better asset quality, alongside a compensation program that blends salary, annual cash incentives and performance‑based equity tied to metrics such as core return on assets, loan and deposit growth, and efficiency.
Bank of Marin Bancorp principal accounting officer Susana Ramirez filed an initial statement of ownership showing she holds common stock in the company. She reports 344 shares held directly and 105.5465 shares held indirectly through an ESOP, with no buy or sell transactions indicated.
Bank of Marin Bancorp appointed First Vice President and Controller Susan Ramirez as its Principal Accounting Officer, effective April 2. Ramirez, a licensed CPA with prior senior finance roles at Summit Funding, Rabobank N.A. and Mechanics Bank, will keep her existing compensation and has no related-party relationships disclosed.
The company also scheduled a webcast earnings call on Monday, April 27, 2026, at 8:30 a.m. PT to discuss results for the quarter ended March 31, 2026. Bank of Marin is described as a business and community bank with $3.9 billion in assets, operating 27 branches and eight commercial banking offices in Northern California.
Bank of Marin Bancorp Executive Vice President Misako Stewart reported the forfeiture and cancellation of 3,222 shares of Common Stock on March 25, 2026. These were performance-based restricted shares granted in 2023, and performance goals were not achieved, resulting in a 0% payout and forfeiture for no consideration.
After this compensation-related adjustment, she directly holds 27,785 Common shares, plus 4,623.5366 Common shares held indirectly through an ESOP. She also continues to hold multiple stock option awards on Common Stock with exercise prices between $22.94 and $44.45 expiring from 2024 through 2032.
Bank of Marin Bancorp President & CEO Timothy D. Myers reported an administrative equity change rather than a market trade. On 2026-03-25, he had 10,755 shares of Common Stock forfeited and cancelled for no consideration when 2023 performance-based restricted share goals were not achieved, resulting in a 0% payout. Following this forfeiture, he directly held 124,173.3268 shares of Common Stock. He also continues to hold multiple stock option awards with exercise prices between $22.94 and $44.45 per share, expiring between 2024 and 2032, which together represent a further equity stake tied to future company performance.
Bank of Marin Bancorp executive vice president Robert Gotelli reported the forfeiture and cancellation of 2,212 shares of Common Stock on March 25, 2026. These were performance-based restricted shares granted in 2023 with three-year cliff vesting; performance goals were not achieved, resulting in a 0% payout and forfeiture for no consideration.
Following this, Gotelli directly holds 36,460 Common shares, plus 17,151.0485 shares held indirectly through an ESOP. He also retains multiple stock option grants on Common Stock with exercise prices ranging from $22.94 to $44.45 and expirations between 2024 and 2032.