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Add as a preferred source on GoogleBank of Marin Bancorp Outlines 25-Basis-Point Monthly Loan-Yield Benefit
September net interest margin was 3.54% on a tax-equivalent basis. New loan commitments reached $102 million as payoffs declined.
Bank of Marin Bancorp (BMRC) outlined a roughly 25-basis-point monthly benefit to loan yields over the next year, with construction loans and deposit sales supporting near-term net interest margin.
September net interest margin was 3.54% on a tax-equivalent basis. New loan commitments reached $102 million, while loan payoffs declined.
The third-quarter overview also included growth in loans and noninterest-bearing deposits. Core noninterest income was bolstered.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.