\n\nNew total commitments1<\/sup><\/i><\/p><\/td>\n\u00a0<\/p><\/td> | \n98.4<\/i><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n80.5<\/i><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n69.2<\/i><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n178.9<\/i><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n132.8<\/i><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nPurchased<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNet increase (decrease) in line of credit utilization<\/p><\/td> | \n\u00a0<\/p><\/td> | \n14.5<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n0.6<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n4.6<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n15.1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(6.6<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nPaydowns and maturities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(71.2<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(30.6<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(36.5<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(101.8<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(59.9<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nCharge-offs<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(7.3<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(7.3<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(0.8<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nNote sales<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(9.1<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(9.1<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(1.3<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nAmortization<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(20.8<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(19.6<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(18.6<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(40.4<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(39.1<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nGross loans ending balance<\/b><\/p><\/td> | \n$<\/p><\/td> | \n2,101.0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n2,115.7<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n2,073.6<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n2,101.0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n2,073.6<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n1<\/sup> New total commitments includes both newly funded loans and new unfunded commitments<\/p><\/td><\/tr>\n<\/table>\nNon-accrual loans declined by $191 thousand during the quarter to $8.5 million, or 0.40% of total loans, compared to $8.6 million, or 0.41%, at March 31, 2026. The reduction was driven primarily by pay offs and paydowns.<\/p> \nClassified loans increased by $1.9 million during the second quarter to $19.9 million, up from $17.9 million at March 31, 2026. The increase was due to the downgrade of six loans, of which $785 thousand has since paid off. All downgraded loans are paying as agreed.<\/p> \nLoans designated as special mention, which are not considered adversely classified, decreased to $100.9 million at June 30, 2026, compared to $119.4 million at March 31, 2026, largely due to the planned exit of $19.0 million in loans related to one relationship.<\/p> \nAccruing loans past due 30 to 89 days totaled $2.0 million at June 30, 2026, up from $683 thousand at March 31, 2026.<\/p> \nNet charge-offs totaled $39 thousand in the second quarter of 2026 compared to $7.3 million in the prior quarter. The prior quarter net charge-offs were driven by charge offs of $7.2 million related to two non-accrual loans that were sold in the quarter. These charge\u2011offs were fully offset by specific reserves that were already in place for the two loans at that time.<\/p> \nThe Bank recorded a $320 thousand reversal of provision for credit losses on loans in the second quarter of 2026 driven by lower loan balances and improved credit quality in the non-owner occupied commercial real estate portfolio. There was no provision for credit losses in the prior quarter.<\/p> \nThe ratio of allowance for credit losses to total loans remained stable at 1.07% at June 30, 2026 compared to 1.08% at March 31, 2026.<\/p> \nThere was no provision for credit losses on unfunded loan commitments in the second quarter of 2026 or in the prior quarter.<\/p> \nCash, Cash Equivalents and Restricted Cash<\/b><\/p> \nTotal cash, cash equivalents and restricted cash were $279.6 million at June 30, 2026, an increase of $43.0 million compared to $236.6 million at March 31, 2026, largely due to investment security paydowns.<\/p> \nInvestments<\/b><\/p> \nThe investment securities portfolio totaled $1.243 billion at June 30, 2026, a decrease of $83.4 million from March 31, 2026. The decrease in the portfolio was due to principal repayments and calls\/maturities totaling $77.6 million and $1.1 million, respectively, and an increase of $4.8 million in unrealized losses on available-for-sale (\"AFS\") securities. The portfolio is eligible for pledging to the Federal Home Loan Bank (\"FHLB\") and the Federal Reserve as collateral for borrowing, and is comprised of high credit quality investments with an average effective duration of 2.91. The portfolio generates cash flows monthly from interest, principal amortization and payoffs, which supports the Bank's liquidity. Those cash flows totaled $92.1 million and $73.4 million in the second quarter of 2026 and the first quarter of 2026, respectively.<\/p> \nDeposits<\/b><\/p> \nDeposits decreased $58.2 million, or 1.7%, to $3.370 billion at June 30, 2026, compared to $3.428 billion at March 31, 2026. The decrease was primarily attributable to a small number of relationships and reflected seasonal customer activity and investment decisions, rather than broader changes in deposit trends. In addition, seasonal tax-related outflows contributed to the second quarter decrease. Interest bearing transaction accounts decreased by $238.1 million while money market accounts increased by $198.1 million as a result of the transfer of approximately $170 million in reciprocal deposits during the quarter. As of June 30, 2026, total one-way sales decreased from $78.5 million to zero although the Bank sold an average of $94.7 million during the quarter which enhanced non-interest income and net interest margin. Non-interest bearing deposits continued to make up a strong 36.7% of total deposits at June 30, 2026, compared to 35.9% at March 31, 2026. The Bank's competitive and balanced approach to relationship management and focused outreach to customers seeking alternative options for banking solutions generated nearly 1,000 new accounts during the second quarter, 42% of which were new relationships.<\/p> \nBorrowings and Liquidity<\/b><\/p> \nAs of June 30, 2026, the Bank had no outstanding short-term borrowings, consistent with March 31, 2026. Net available funding sources, including unrestricted cash, unencumbered available-for-sale securities and total available borrowing capacity totaled $2.177 billion, or 65% of total deposits and 214% of estimated uninsured and\/or uncollateralized deposits as of June 30, 2026.<\/p> \nThe following table details the components of our contingent liquidity sources as of June 30, 2026.<\/p> \n\n\n(in millions)<\/p><\/td> | \nTotal Available<\/p><\/td> | \n | \nAmount Used<\/p><\/td> | \n | \nNet Availability<\/p><\/td><\/tr>\n | \n\nInternal Sources<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n<\/tr>\n | \n\nUnrestricted cash 1<\/sup><\/p><\/td>\n$<\/p><\/td> | \n256.6<\/p><\/td> | \n | \n | \n$<\/p><\/td> | \n\u2014<\/p><\/td> | \n | \n | \n$<\/p><\/td> | \n256.6<\/p><\/td> | \n<\/tr>\n | \n\nUnencumbered securities at market value<\/p><\/td> | \n\u00a0<\/p><\/td> | \n491.7<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n491.7<\/p><\/td> | \n<\/tr>\n | \n\nExternal Sources<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n<\/tr>\n | \n\nFHLB line of credit<\/p><\/td> | \n\u00a0<\/p><\/td> | \n978.4<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n978.4<\/p><\/td> | \n<\/tr>\n | \n\nFRB line of credit<\/p><\/td> | \n\u00a0<\/p><\/td> | \n310.4<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n310.4<\/p><\/td> | \n<\/tr>\n | \n\nLines of credit at correspondent banks<\/p><\/td> | \n\u00a0<\/p><\/td> | \n140.0<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n | \n | \n\u00a0<\/p><\/td> | \n140.0<\/p><\/td> | \n<\/tr>\n | \n\nTotal Liquidity<\/b><\/p><\/td> | \n$<\/p><\/td> | \n2,177.1<\/p><\/td> | \n | \n | \n$<\/p><\/td> | \n\u2014<\/p><\/td> | \n | \n | \n$<\/p><\/td> | \n2,177.1<\/p><\/td> | \n<\/tr>\n | \n\n1 <\/sup>Excludes cash items in transit as of June 30, 2026.<\/p><\/td><\/tr>\n\n\nNote: There were no off-balance sheet one-way sell deposits as of June 30, 2026.<\/p><\/td><\/tr>\n<\/table> \nSubordinated Notes<\/b><\/p> \nDuring the fourth quarter of 2025, Bancorp issued Fixed-to-Floating Subordinated Notes of $45.0 million with a final maturity date of December 1, 2035, to certain investors in a private placement to strengthen capital ratios as part of the balance sheet repositioning. The interest rate of the Bank\u2019s subordinated notes is 6.75%, payable semi-annually in arrears on June 1 and December 1 of each year, which commenced on June 1, 2026. After December 1, 2030, the interest rate will be variable and equal Three-Month Term SOFR plus 335 basis points, resetting quarterly. Subordinated notes outstanding were $44.0 million, net of issuance costs, at June 30, 2026.<\/p> \nCapital Resources<\/b><\/p> \nOur capital ratios are summarized in the table below.<\/p> \n\n\nCapital Ratios<\/b><\/p><\/td> | \nJune 30, 2026<\/p><\/td> | \n | \nMarch 31, 2026<\/p><\/td> | \n | \nJune 30, 2025<\/p><\/td><\/tr>\n | \n\n(dollars in thousands)<\/p><\/td> | \nBancorp<\/p><\/td> | \n | \nBank<\/p><\/td> | \n | \nBancorp<\/p><\/td> | \n | \nBank<\/p><\/td> | \n | \nBancorp<\/p><\/td> | \n | \nBank<\/p><\/td><\/tr>\n | \n\nCommon Equity Tier 1 to RWA<\/p><\/td> | \n12.93<\/p><\/td> | \n%<\/p><\/td> | \n | \n13.69<\/p><\/td> | \n%<\/p><\/td> | \n | \n12.61<\/p><\/td> | \n%<\/p><\/td> | \n | \n13.17<\/p><\/td> | \n%<\/p><\/td> | \n | \n15.03<\/p><\/td> | \n%<\/p><\/td> | \n | \n13.78<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nTotal Tier I to RWA<\/p><\/td> | \n12.93<\/p><\/td> | \n%<\/p><\/td> | \n | \n13.69<\/p><\/td> | \n%<\/p><\/td> | \n | \n12.61<\/p><\/td> | \n%<\/p><\/td> | \n | \n13.17<\/p><\/td> | \n%<\/p><\/td> | \n | \n15.03<\/p><\/td> | \n%<\/p><\/td> | \n | \n13.78<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nTotal Capital to RWA<\/p><\/td> | \n15.58<\/p><\/td> | \n%<\/p><\/td> | \n | \n14.61<\/p><\/td> | \n%<\/p><\/td> | \n | \n15.26<\/p><\/td> | \n%<\/p><\/td> | \n | \n14.09<\/p><\/td> | \n%<\/p><\/td> | \n | \n16.25<\/p><\/td> | \n%<\/p><\/td> | \n | \n15.00<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nTier I Leverage Ratio to Avg Assets<\/p><\/td> | \n8.66<\/p><\/td> | \n%<\/p><\/td> | \n | \n9.16<\/p><\/td> | \n%<\/p><\/td> | \n | \n8.23<\/p><\/td> | \n%<\/p><\/td> | \n | \n8.59<\/p><\/td> | \n%<\/p><\/td> | \n | \n10.22<\/p><\/td> | \n%<\/p><\/td> | \n | \n9.37<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nTangible Common Equity to TA<\/p><\/td> | \n8.52<\/p><\/td> | \n%<\/p><\/td> | \n | \n9.03<\/p><\/td> | \n%<\/p><\/td> | \n | \n8.33<\/p><\/td> | \n%<\/p><\/td> | \n | \n8.70<\/p><\/td> | \n%<\/p><\/td> | \n | \n9.95<\/p><\/td> | \n%<\/p><\/td> | \n | \n9.09<\/p><\/td> | \n%<\/p><\/td><\/tr>\n<\/table> \nBancorp's tangible common equity to tangible assets (\"TCE ratio\") increased 19 basis points to 8.52% at June 30, 2026, compared to 8.33% at March 31, 2026. Bancorp's total capital to risk weighted assets increased 32 basis points to 15.58% at June 30, 2026, from 15.26% at March 31, 2026. The Bank's capital plan and point-in-time capital stress tests indicate that capital ratios will remain above regulatory well-capitalized and internal policy minimums throughout a five-year forecast horizon and across stress scenarios such as additional unrealized losses on the investment portfolio, additional deposit growth or decline, loan credit quality deterioration, and potential share repurchases. Book value per share and tangible book value per share improved by $0.14 and $0.15 to $24.51 and $19.92, respectively. Accumulated comprehensive income worsened by $3.4 million in the quarter due to higher market interest rates.<\/p> \nEarnings<\/b><\/p> \nNet Interest Income<\/i><\/p> \nNet interest income totaled $30.8 million for the second quarter of 2026, a $479 thousand increase from the prior quarter. This was driven by an increase of $733 thousand in interest income on loans, largely due to an 8 basis point increase in yields due to growth at higher rates. Also contributing significantly was the reduction of $934 thousand in interest expense on deposits, due to strategic rate decreases and active balance sheet management through one-way sales of deposits.<\/p> \nThe net interest margin increased 14 basis points to 3.38% for the second quarter of 2026, compared to 3.24% for the prior quarter. The increase is mostly explained by an eight basis point increase in loan yields, a seven basis point decrease in cost of deposits, and the use of one-way sales of deposits, which improved the mix of average earnings assets.<\/p> \nNon-Interest Income<\/i><\/p> \nNon-interest income was $3.2 million for the second quarter of 2026, compared to $3.8 million for the prior quarter. The decrease of $665 thousand from the prior quarter was primarily attributable to a decrease in dividend income on FHLB stock of $656 thousand which included the $479 thousand special dividend received in the first quarter. There were also bank owned life insurance death benefits of $479 thousand received in the first quarter, not repeated in the second. These were partially offset by the increase in fee income within other income of $377 thousand due to one-way sales of deposits in the quarter, as mentioned above.<\/p> \nNon-Interest Expense<\/i><\/p> \nNon-interest expense totaled $21.6 million for the second quarter of 2026, compared to $22.5 million for the prior quarter, a decrease of $942 thousand, primarily driven by a decrease of $785 thousand in salaries and related benefits expense in the second quarter of 2026. Consistent with annual adjustments and our compensation cycle, the prior quarter expense included updated incentive bonus accruals, 401(k) contribution matching, profit sharing accruals, payroll taxes, and stock-based compensation grants, in addition to lower deferred loan origination costs. These were partially offset by customary annual salary increases effective April 2026 and an increased number of full-time equivalent employees. Also decreasing the quarterly expense was the $247 thousand reduction in charitable contributions since the majority of the annual giving campaign takes place in the first quarter of the year. Partially offsetting these was an increase of $278 thousand in professional services mostly related to audit, operations, compliance, information security and accounting fees.<\/p> \nShare Repurchase Program<\/b><\/p> \nOn July 24, 2025, the Board of Directors authorized the repurchase of up to $25.0 million of its common stock effective July 24, 2025 through July 31, 2027. There were no repurchases in the second quarter of 2026 or in the first quarter of 2026. As of June 30, 2026, the amount remaining available for repurchase of shares was $23.9 million.<\/p> \nStatement Regarding use of Non-GAAP Financial Measures<\/b><\/p> \nFinancial results are presented in accordance with GAAP and with reference to certain non-GAAP financial measures. Management believes that providing selected financial measures that exclude the loss on sale of securities is useful to investors as the strategic short-term loss taken for long-term profitability makes the operational performance difficult to compare to other periods. Because there are limits to the usefulness of this or any other non-GAAP measure to investors, Bancorp encourages readers to consider its annual and quarterly consolidated financial statements and notes related thereto for their entirety, as filed with the Securities and Exchange Commission, and not to rely on any single financial measure. A reconciliation of the GAAP financial measures to comparable non-GAAP financial measures is presented below.<\/p> \nReconciliation of GAAP and Non-GAAP Financial Measures<\/b><\/p>\n\n\n(in thousands, except per share amounts; unaudited)<\/p><\/td> | \nThree months ended<\/p><\/td> | \n\u00a0<\/p><\/td> | \nSix months ended<\/p><\/td><\/tr>\n | \n\nPre-tax, pre-provision net income (loss)<\/b><\/p><\/td> | \nJune 30, 2026<\/p><\/td> | \n | \nMarch 31, 2026<\/p><\/td> | \n | \nJune 30, 2025<\/p><\/td> | \n\u00a0<\/p><\/td> | \nJune 30, 2026<\/p><\/td> | \n | \nJune 30, 2025<\/p><\/td><\/tr>\n | \n\nIncome (loss) before provision for (benefit from) income taxes<\/p><\/td> | \n$<\/p><\/td> | \n12,673<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n11,597<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n(11,199<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n24,270<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n(4,718<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\n(Reversal of) provision for credit losses on loans<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(320<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(320<\/p><\/td> | \n)<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n75<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nPre-tax, pre-provision net income (loss) (GAAP)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n12,353<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n11,597<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(11,199<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n23,950<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(4,643<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nAdjustments:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td><\/tr>\n | \n\nLosses on sale of investment securities from portfolio repositioning<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n18,736<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n18,736<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nComparable pre-tax, pre-provision net income (non-GAAP)<\/p><\/td> | \n$<\/p><\/td> | \n12,353<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n11,597<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n7,537<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n23,950<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n14,093<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNet income (loss)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNet income (loss) (GAAP)<\/p><\/td> | \n$<\/p><\/td> | \n9,246<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n8,510<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n(8,536<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n17,756<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n(3,660<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nAdjustments:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td><\/tr>\n | \n\nLosses on sale of investment securities from portfolio repositioning<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n18,736<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n18,736<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nRelated income tax benefit1<\/sup><\/p><\/td>\n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(5,538<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(5,538<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nAdjustments, net of taxes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n13,198<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n13,198<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nComparable net income (non-GAAP)<\/p><\/td> | \n$<\/p><\/td> | \n9,246<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n8,510<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n4,662<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n17,756<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n9,538<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nDiluted earnings (loss) per share<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td><\/tr>\n | \n\nWeighted average diluted shares<\/p><\/td> | \n$<\/p><\/td> | \n15,991<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n15,973<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n15,989<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n15,983<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n15,983<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nDiluted earnings (loss) per share (GAAP)<\/p><\/td> | \n$<\/p><\/td> | \n0.58<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n0.53<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n(0.53<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n1.11<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n(0.23<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nComparable diluted earnings per share (non-GAAP)<\/p><\/td> | \n$<\/p><\/td> | \n0.58<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n0.53<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n0.29<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n1.11<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n0.60<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nReturn on average assets<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAverage assets<\/p><\/td> | \n$<\/p><\/td> | \n3,850,140<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3,989,253<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3,737,794<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n3,919,312<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3,732,957<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nReturn on average assets (GAAP)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.96<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n0.87<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(0.92<\/p><\/td> | \n)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.91<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(0.20<\/p><\/td> | \n)%<\/p><\/td><\/tr>\n | \n\nComparable return on average assets (non-GAAP)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.96<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n0.87<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n0.50<\/p><\/td> | \n%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.91<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n0.52<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nReturn on average equity<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAverage stockholders' equity<\/p><\/td> | \n$<\/p><\/td> | \n395,328<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n398,017<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n439,187<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n396,665<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n438,187<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nReturn on average equity (GAAP)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9.38<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n8.67<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(7.80<\/p><\/td> | \n)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9.03<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(1.68<\/p><\/td> | \n)%<\/p><\/td><\/tr>\n | \n\nComparable return on average equity (non-GAAP)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9.38<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n8.67<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n4.26<\/p><\/td> | \n%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9.03<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n4.39<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nReturn on average tangible common equity<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAverage goodwill and intangibles<\/p><\/td> | \n$<\/p><\/td> | \n74,393<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n74,591<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n75,230<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n74,491<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n75,336<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAverage tangible common equity<\/p><\/td> | \n$<\/p><\/td> | \n320,935<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n323,426<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n363,957<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n322,174<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n362,851<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nReturn on average tangible common equity (GAAP)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11.56<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n10.67<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(9.41<\/p><\/td> | \n)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11.11<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n(2.03<\/p><\/td> | \n)%<\/p><\/td><\/tr>\n | \n\nComparable return on average tangible common equity (non-GAAP)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11.56<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n10.67<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n5.14<\/p><\/td> | \n%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11.11<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n5.30<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nEfficiency ratio<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNon-interest expense<\/p><\/td> | \n$<\/p><\/td> | \n21,597<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n22,539<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n20,550<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n44,136<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n40,996<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNet interest income<\/p><\/td> | \n$<\/p><\/td> | \n30,781<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n30,302<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n24,972<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n61,083<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n49,100<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNon-interest income (GAAP)<\/p><\/td> | \n$<\/p><\/td> | \n3,169<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3,834<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n(15,621<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n7,003<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n(12,747<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nLosses on sale of investment securities from portfolio repositioning<\/p><\/td> | \n$<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n18,736<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n18,736<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNon-interest income (non-GAAP)<\/p><\/td> | \n$<\/p><\/td> | \n3,169<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3,834<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n3,115<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n7,003<\/p><\/td> | \n\u00a0<\/p><\/td> | \n | \n$<\/p><\/td> | \n5,989<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nEfficiency ratio (GAAP)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n63.62<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n66.03<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n219.76<\/p><\/td> | \n%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n64.82<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n112.77<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nComparable efficiency ratio (non-GAAP)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n63.62<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n66.03<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n73.17<\/p><\/td> | \n%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n64.82<\/p><\/td> | \n%<\/p><\/td> | \n | \n\u00a0<\/p><\/td> | \n74.42<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\n1 <\/sup>Related tax benefit calculated using blended statutory rate of 29.5636%<\/p><\/td><\/tr>\n<\/table> Contacts<\/b> \nMEDIA CONTACT:\nYahaira Garcia-Perea\nMarketing & Corporate Communications Manager\n916-823-7214 | YahairaGarcia-Perea@bankofmarin.com<\/a><\/p> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"Quarterly EPS of $0.58, 14 Basis Point Expansion of Net Interest MarginNOVATO, Calif.–(BUSINESS WIRE)–Bank of Marin Bancorp, \u00ab\u00a0Bancorp\u00a0\u00bb (Nasdaq: BMRC), parent company of Bank of Marin, \u00ab\u00a0Bank,\u00a0\u00bb completed another quarter of improved financial performan…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-45388","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/45388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45388"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/45388\/revisions"}],"predecessor-version":[{"id":45389,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/45388\/revisions\/45389"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} 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