Bank Of Marin Bancorp · NASDAQ:BMRC
Bank Of Marin Bancorp — The Janney CEO Forum 2021
20 slides from Bank Of Marin Bancorp's conference presentation, Feb 3, 2021
Slide 1: Banking with discipline and financial strength
Banking with discipline and financial strength The Janney CEO Forum February 3-4, 2021 Exhibit 99.1
Slide 2: Forward-Looking Statements
2 Nasdaq: BMRC Forward-Looking Statements This presentation may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact Bancorp's earnings in future periods. Forward-looking statements can b
Slide 3: Bank of Marin Bancorp
Bank of Marin Bancorp Recent awards: FIVE STAR BANK BAUER 3 Nasdaq: BMRC Headquarters Novato, California Marin County, North of San Francisco Employees, full-time equivalent 289 Assets $2.9 billion Market capitalization $539 million (As of 1/25/21) Total loans $2.1 billion Total deposits $2.5 billio
Slide 4: Management team
Russell A. Colombo President, Chief Executive Officer • 46 years in banking • Comerica Bank, Imperial Bank, Security Pacific, Union Bank Tim Myers EVP, Chief Operating Officer • 25 years in finance and banking • U.S. Bank, Comerica Bank, Imperial Bank Rich Lewis EVP, Chief Information Officer • 25 y
Slide 5: Balanced Approach to Growth Creates Long-Term Value
$1.18 $26.54 $1.30 $34.34 0 5 10 15 20 25 30 35 40 45 50 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Book Value per Common Share Closing Stock Price 5 Nasdaq: BMRC Balanced Approach to Growth Creates Long-Term Value 5 year average annual return: 7.3%1 1As of Decem
Slide 6: Leading Community and Commercial Bank Serving the San Francisco Bay Area
6 Nasdaq: BMRC • 21 retail branches, 5 commercial banking offices and 2 loan production offices located across 7 Bay Area counties. • Sound underwriting produces a high-quality loan portfolio with industry-leading credit metrics even in challenging economic periods. • Prudent lending paired with low
Slide 7: Steady Loan Growth: Prudent, Sustainable Growth Model
Steady Loan Growth: Prudent, Sustainable Growth Model 7 Nasdaq: BMRC ($ billions) Five-year compound annual loan growth rate: 7.6% (4.4% excluding PPP loans) 1 1 Compounded annual growth rate from December 31, 2015 to December 31, 2020. PPP Loans: $291.6 million Excluding PPP Loans $1.45 $1.49 $1.68
Slide 8: Low-Cost Deposit Base: A Key Competitive Advantage
Non-Interest Bearing DDA 54% (up from 45% at 12/31/2015) Savings 8% Money Market 27% Time Deposits 4% Interest Bearing DDA 7% Low-Cost Deposit Base: A Key Competitive Advantage ($ billions) 8 Nasdaq: BMRC 1 Compounded annual growth rate from December 31, 2015 to December 31, 2020. Q4 2020 Cost of De
Slide 9: Asset Quality: Disciplined Underwriting Standards
Asset Quality: Disciplined Underwriting Standards Mitigate Risk and Produce Strong Asset Quality Through Economic Cycles NPAs / Total Assets NCO / Average Loans 9 Nasdaq: BMRC 0.13% 0.03% 0.02% 0.03% 0.01% 0.32% 2015 2016 2017 2018 2019 2020 0.04% -0.16% 0.01% -0.00% -0.00%0.00% 2015 2016 2017 2018
Slide 10: COVID-19 Response – Payment Relief Program Status Update
10 NASDAQ: BMRC COVID-19 Response – Payment Relief Program Status Update Bank of Marin provided payment relief for 269 loans totaling $403 million since the onset of the pandemic, most of which have resumed normal payments or been paid off. 21 borrowing relationships with 29 loans accounted for
Slide 11: COVID-19 Response – Paycheck Protection Program (PPP)
11 Nasdaq: BMRC COVID-19 Response – Paycheck Protection Program (PPP) Tiers as of 12/31/2020 Funded Balance Tier Amount (in thousands) % of Total Number of Loans % of Total Number $150M and less $58,725 20% 1,309 74% >$150M - $350M 60,873 20% 270 15% >$350M - $1MM 81,546 27% 152 9% >$1MM - $2MM 43,1
Slide 12: 2020 Results
2020 Results 12 NASDAQ: BMRC As of, and for the quarter and year ended, December 31, 2020 Q4’20 FY’20 Δ FY’19 Earnings $8.1MM $30.2MM ($4.0MM) Diluted EPS $0.60 $2.22 ($0.26) Deposit Cost 0.07% 0.11% 9bps Total Deposits $2,504MM $2,504MM $168MM Total Loans $2,089MM $2,089MM $245MM Tax Equivalent NIM
Slide 13: Net Interest Margin
Net Interest Margin 13 Nasdaq: BMRC 3.83% 3.91% 3.80% 3.90% 3.98% 3.88% 3.53% 3.44% 3.40% 3.84% 3.80% 3.79% 4.10% 4.10% 3.88% 3.57% 3.40% 2.50% 3.00% 3.50% 4.00% 4.50% 2015 2016 2017 2018 2019 Q1'20 Q2'20 Q3'20 Q4'20 Bank of Marin Bancorp Peer Group Median 1 Peer group includes major exchange-traded
Slide 14: Expense Control and Net Interest Margin Compression
14 NASDAQ: BMRC • Continually reviewing interest rate risk management strategies • Adapting to changes in customer behavior due to digital banking enhancements and pandemic safety protocols • Assessing our branch footprint to best align with changes in customer behavior due to increased utilization
Slide 15: Low Efficiency Ratio Demonstrates Disciplined Expense Control
15 Nasdaq BMRC Low Efficiency Ratio Demonstrates Disciplined Expense Control 61.5% 57.9% 64.7% 57.3% 55.3% 56.8% 54.0% 57.8% 59.7% 66.2% 64.9% 62.5% 61.4% 61.1% 63.3% 59.2% 57.6% 50.0% 52.0% 54.0% 56.0% 58.0% 60.0% 62.0% 64.0% 66.0% 68.0% 2015 2016 2017 2018 2019 Q1'20 Q2'20 Q3'20 Q4'20 Bank of Mari
Slide 16: Strong Capital Ratios Support Future Growth Opportunities
Strong Capital Ratios Support Future Growth Opportunities 16 Nasdaq: BMRC 6.5% 8.0% 10.0% 5.0% 14.7% 14.8% 16.0% 10.8% Common Equity Tier-One Risk- Based Capital Total Tier-One Risk-Based Capital Total Risk-Based Capital Tier-One Leverage Well Capitalized Threshold Bank of Marin Bancorp (as of 12/31
Slide 17: Peer Comparison
Peer Comparison 17 Nasdaq: BMRC BMRC Q3 2020 Peer Median Percentile Non-Interest Bearing/Total Deposits 53.9% 37.6% 100% Gross Loan Growth Rate (year over year) 17.2% 16.4% 53.6% NPAs/Assets 0.05% 0.32% 96.6% Efficiency Ratio 57.8% 57.6% 48.9% Return on Average Assets 0.98% 1.04% 31.2% Return on Ave
Slide 18: Dependable Earnings and Dividend Growth
Dependable Earnings and Dividend Growth 18 Nasdaq: BMRC 1 Prior period share and per share data have been adjusted to reflect the two-for-one stock split effective in 2018. 11 D o ll a rs p e r s h a re $ M M $1.52 $1.89 $1.27 $2.33 $2.48 $2.22 $0.45 $0.51 $0.56 $0.64 $0.80 $0.92 $18.4 $30.2 $0.0 $5
Slide 19: Executing Bank of Marin's Growth Strategy
Executing Bank of Marin’s Growth Strategy 19 Nasdaq: BMRC • Economic impacts of the pandemic will likely persist through the first half of 2021. The Bank will focus on customer retention, maintaining credit quality, and new business development. • As economic conditions improve, our offices are full
Slide 20: Contact Us
Contact Us 20 Nasdaq: BMRC Russell A. Colombo President & Chief Executive Officer (415) 763-4521 russcolombo@bankofmarin.com Tani Girton EVP, Chief Financial Officer (415) 884-7781 tanigirton@bankofmarin.com Tim Myers EVP, Chief Operating Officer (415) 763-4970 timmyers@bankofmarin.com Media Request