Bank of Marin Bancorp (BMRC) has reported a 34.32 percent jump in profit for the quarter ended Sep. 30, 2014. The company earned $5.38 million or $0.89 a share in the third quarter compared with $4 million or $0.72 a share, a year ago.
Revenue during the third-quarter grew 24 percent to $19.82 million from $15.99 million in the last year period.
Total assets stood at $1802.66 million as on Sep. 30, 2014, up 21.51 percent compared with $1483.60 million on Sep. 30, 2013.
On the other hand, total liabilities stood at $1606.98 million as on Sep. 30, 2014, up 21.57 percent from $1321.89 million on Sep. 30, 2013.
Net loans stood at $1345.94 million as on Sep. 30, 2014, up 24.73 percent compared with $1079.04 million on Sep. 30, 2013.
Deposits stood at $1571.62 million as on Sep. 30, 2014, up 21.60 percent compared with $1292.48 million on Sep. 30, 2013.
Equity capital of Bank of Marin Bancorp increased 21 percent to $195.67 million as on Sep. 30, 2014 compared with $161.71 million on Sep. 30, 2013.