Bank of Marin

Headquarters

504 Redwood Blvd
Novato, CA 94947
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Bank of Marin is an FDIC insured institution located in Novato, CA. It was founded in 1990 and has approximately $3.69 billion in assets. Customers can open an account at one of its 22 branches.

FDIC Insured Yes
FDIC Certificate # 32779
Date Established 1990
Assets $ 3.69 billion
Loans $ 2.05 billion
Deposits $ 3.24 billion
Capital $ 411.54 million
 

For a more detailed analysis of Bank of Marin's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 31, 2024

Your Current Location: Minnesota, MN 10007


Loan Rates - October 31, 2024

Your Current Location: Minnesota, MN 10007

There are currently no loan rates available for Bank of Marin

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Minnesota 30 Year Fixed Mortgage Rates 2024

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6.976% 6.875%
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7.200% 7.125%
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FHAloans.com
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CrossCountry Mortgage
NMLS ID: 3029

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Featured - Minnesota Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Bank of Marin
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Branches

Bank of Marin branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Salisbury,Minnesota



Climate Policy and Initiatives

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Financial Details

Bank of Marin Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Marin. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Marin U.S. Bank Average
9.45% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Bank of Marin had $41,797,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $411,541,000 in equity and $30,675,000 in loans loss reserves. That gives it a Texas Ratio of 9.45%.

Return on Equity
Bank of Marin U.S. Bank Average
-8.62% 10.46%

Bank of Marin has a Return on Equity of -8.62% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Marin U.S. Bank Average
11.14% 10.84%

Bank of Marin has a Capitalization of 11.14% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Marin Balance Sheet Analysis

As of June 30, 2024, Bank of Marin had assets of $3,694,329,000, loans of $2,051,724,000, and deposits of $3,237,045,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 231.41 million
Interest-bearing balances $ 187.28 million
Total securities $ 1,157.53 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.05 billion
Loan loss allowance $ 30.68 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 76.02 million
All other assets $ 137.02 million
     Total Assets $ 3.28 billion
LIABILITIES
Total deposits $ 3.24 billion
      Interest-bearing deposits $ 1,796.12 million
      Deposits held in domestic offices $ 3.24 billion
      % insured (estimated) 66.06%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.36 million
Subordinated debt N.A.
All other liabilities $ 85.92 million
      Total Liabilities $ 3.28 billion
      Shareholders’ Equity $ 411.54 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 69.22 million
Total Interest Expense $ 23.32 million
Net interest income $ 45.90 million
Provision for loan and lease losses $ 5.55 million
Total non interest income $ 4.80 million
Total non interest expense $ 42.05 million
Pre-tax Net Operating Income $ 30.24 million

Bank Loan Profile?

The top three loan types in Bank of Marin’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in California, Bank of Marin has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 12.06
Multifamily
Mortgages
7.51
Credit Card Loans 0.00
Consumer Auto Loans 1.74
Small Business Loans 7.75
Construction and Development Loans 6.32
Commercial Real Estate 67.54
Commercial and Industrial Loans 6.06
Farm Loans 0.21

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