Bank of Marin

Headquarters

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

Notable Rates APY Vs.Others
Savings 0.01% 1.00% →
1-Year CD 1.00% 0.95% →
2-Year CD 1.00% 0.95% →
5-Year CD 1.00% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of Marin is an FDIC insured institution located in Novato, CA. It was founded in 1990 and has approximately $2.7 billion in assets. Customers can open an account at one of its 24 branches.

FDIC Insured Yes
FDIC Certificate # 32779
Date Established 1990
Assets $ 2.70 billion
Loans $ 1,824.98 million
Deposits $ 2.33 billion
Capital $ 329.72 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 19, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.07% $2,500 $2,999 Learn More
Money Market
0.07% $10,000 $14,999 Learn More
Money Market
0.07% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
1.00% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
1.00% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $1 $999 Learn MoreShow Less

Loan Rates - October 19, 2020

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.574% 2.500% 1.00 $2,445 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Bank of Marin
To upload and update your bank's rates please register. It is free to register and add rates.

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:
Ashburn,Virginia


Bank of Marin Locations


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
0.47% 6.94%

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 March 31, 2020, Bank of Marin had $1,632,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $329,718,000 in equity and $18,884,000 in loans loss reserves. That gives it a Texas Ratio of 0.47%.

Return on Equity
Bank of Marin U.S. Bank Average
9.07% 7.80%

Bank of Marin has a Return on Equity of 9.07% versus the BestCashCow average of 7.80%. 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
12.22% 12.68%

Bank of Marin has a Capitalization of 12.22% versus the BestCashCow average of 12.68. 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 March 31, 2020, Bank of Marin had assets of $2,697,701,000, loans of $1,824,976,000, and deposits of $2,326,044,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 156.27 million
Interest-bearing balances $ 117.96 million
Total securities $ 580.01 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,824.98 million
Loan loss allowance $ 18.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 34.61 million
All other assets $ 73.90 million
     Total Assets $ 2.37 billion
LIABILITIES
Total deposits $ 2.33 billion
      Interest-bearing deposits $ 1,176.65 million
      Deposits held in domestic offices $ 2.33 billion
      % insured (estimated) 56.81%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.19 million
Subordinated debt N.A.
All other liabilities $ 41.75 million
      Total Liabilities $ 2.37 billion
      Shareholders’ Equity $ 329.72 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 25.59 million
Total Interest Expense $ 1.22 million
Net interest income $ 24.38 million
Provision for loan and lease losses $ 2.20 million
Total non interest income $ 2.11 million
Total non interest expense $ 15.17 million
Pre-tax Net Operating Income $ 9.12 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 Commercial and Industrial Loans.

Compared to other banks, Bank of Marin’s loan portfolio does not show any specific loan specialty.

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 16.08
Multifamily
Mortgages
6.52
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 7.93
Construction and Development Loans 3.87
Commercial Real Estate 60.92
Commercial and Industrial Loans 8.69
Farm Loans 0.44

Frequently Asked Questions About Bank Of Marin

Branches and Savings

Is Bank Of Marin FDIC insured?

Yes. It is covered under FDIC Certificate #32779.

Why does Bank Of Marin pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Marin CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Marin a commercial bank?

Yes

Where are Bank Of Marin locations?

See branch locations nearby.

Is Bank Of Marin open on Saturdays?

Is Bank Of Marin open on Sundays?

What time does Bank Of Marin open?

What time does Bank Of Marin close?

Are Bank Of Marin ATMs Open 24/7?

Do Bank Of Marin ATMs accept cash deposits?

Can Bank Of Marin customers use other ATMs?

Do Bank Of Marin branches have notaries?

Will Bank Of Marin notarize my document?

What address for Bank Of Marin should I put for incoming ACH transfers?

Will the Bank Of Marin branch print checks?

Do Bank Of Marin checks expire?

Does Bank Of Marin require US citizenship to open account?

Can Bank Of Marin close my account?

Does Bank Of Marin Report to credit bureaus?

Does Bank Of Marin Use Equifax?

What is Bank Of Marin's ACH Routing Number?

What is Bank Of Marin's SWIFT code?

Products

Does Bank Of Marin offer mortgages?

Compare mortgage rates here.

Does Bank Of Marin offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Marin offer personal loans?

Compare personal loan rates here.

Does Bank Of Marin offer student loans?

Will Bank Of Marin cash a check?

Will Bank Of Marin redeem a savings bond?

Does Bank Of Marin cash savings bonds?

Will Bank Of Marin cash money orders?

Can Bank Of Marin issue a money order?

Does Bank Of Marin do currency exchange?

Background on The Bank

Who owns Bank Of Marin?

How long has Bank Of Marin been around?

Can Bank Of Marin transfer to other banks?

Does Bank Of Marin have quick pay?

Does Bank Of Marin accept rolled coins?

Will Bank Of Marin accept loose change?

Where is Bank Of Marin headquarters?

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