马林银行 2026年季度报告

FORM 10-Q(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June30, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number001-33572Bank of Marin Bancorp (Exact name of Registrant as specified in its charter) (Address of principal executive office) (Zip Code) Registrant’s telephone number, including area code:(415) 763-4520 Not Applicable(Former name, former address and formal fiscal year, if changed since last report) Securities registered pursuant to 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.☒☐ YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).☒☐ YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Accelerated filer☒Smaller reporting company☐ Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of July31, 2026, there were 16,194,248 shares of common stock outstanding. TABLE OF CONTENTS PART IFINANCIAL INFORMATION3ITEM 1.Financial Statements (Unaudited)3Consolidated Statements of Condition3Consolidated Statements of Comprehensive Income4Consolidated Statements of Changes in Stockholders' Equity5Consolidated Statements of Cash Flows6Notes to Consolidated Financial Statements7ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29ITEM 3.Quantitative and Qualitative Disclosure about Market Risk47ITEM 4.Controls and Procedures49PART IIOTHER INFORMATION50ITEM 1.Legal Proceedings50ITEM 1A.Risk Factors50ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds50ITEM 3.Defaults Upon Senior Securities50ITEM 4.Mine Safety Disclosures50ITEM 5.Other Information50ITEM 6.Exhibits51SIGNATURES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Note 1:Basis of Presentation The consolidated financial statements include the accounts of Bancorp, a bank holding company, and its wholly-ownedbank subsidiary, Bank of Marin, a California state-chartered commercial bank. References to “we,” “our,” “us” and "theCompany" mean Bancorp and the Bank that are consolidated for financial reporting purposes. The accompanyingunaudited consolidated interim financial statements have been prepared pursuant to the rules and regulations of theSecurities and Exchange Commission ("SEC"). Certain information and note disclosures normally included in annualfinancial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have beencondensed or omitted pursuant to those rules and regulations. Although we believe that the disclosures are adequate and the information presented is not misleading, we suggest thatthese interim financial statements be read in conjunction with the annual financial statements and the notes theretoincluded in our 2025 Annual Report on Form 10-K.In the opinion of management, the unaudited consolidated financialstatements reflect all adjustments, which are necessary for a fair presentation of the consolidated financial position, theresults of operations, changes in comprehensive income, changes in stockholders’ equity, and cash flows for the periodspresented. All material intercompany transactions have been eliminated. The results of these interim periods may not beindicative of the results for the full year or for any other period. Segment Reporting:Our Chief Operating Decision Maker ("CODM") is our Chief Executive Officer, who reviews ourfinancial information on a consolidated basis for purposes of evaluating financial performance and allocating resources.Wehave one operating and reportable segment,community banking,and our other operating segment,wealthmana