Bank of Marin Bancorp : 2023 Raymond James U.S. Bank and Banking on Tech Conference

A strategic and disciplined approach to

delivering long-term value

Raymond James U.S. Bank and Banking on Tech Conferences

September 6, 2023

Forward-Looking Statements

This discussion of financial results includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the "1933 Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "1934 Act"). Those sections of the 1933 Act and 1934 Act provide a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about their financial performance so long as they provide meaningful, cautionary statements identifying important factors that could cause actual results to differ significantly from projected results. Our forward-looking statements include descriptions of plans or objectives of management for future operations, products or services, and forecasts of revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate" or words of similar meaning, or future or conditional verbs preceded by "will," "would," "should," "could" or "may." Forward-looking statements are based on management's current expectations regarding economic, legislative, and regulatory issues that may affect our earnings in future periods. Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions and the economic uncertainty in the United States and abroad, including economic or other disruptions to financial markets caused by acts of terrorism, war or other conflicts such as Russia's military action in Ukraine, impacts from inflation, supply change disruptions, changes in interest rates (including the actions taken by the Federal Reserve to control inflation), California's unemployment rate, deposit flows, real estate values, and expected future cash flows on loans and securities; costs or effects of acquisitions; competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; natural disasters (such as wildfires and earthquakes in our area); adverse weather conditions; interruptions of utility service in our markets for sustained periods; and other economic, competitive, governmental, regulatory and technological factors (including external fraud and cybersecurity threats) affecting our operations, pricing, products and services; and successful integration of acquisitions. Important factors that could cause results or performance to materially differ from those expressed in our prior forward-looking statements are detailed in ITEM 1A, Risk Factors section of our December 31, 2022 Form 10-K as filed with the SEC, copies of which are available from us at no charge. Forward-looking statements speak only as of the date they are made. Bancorp undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

GAAP to Non-GAAP Financial Measures

This presentation includes some non-GAAP financial measures as shown in the Appendix of this presentation. Please refer to the reconciliation of GAAP to Non-GAAP financial measures included on pages 44 and 45 of our Form 10-Q under Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations, filed with the SEC on August 8, 2023.

2 Nasdaq: BMRC

Bank of Marin Bancorp

Headquarters

Employees, full-time equivalent

Assets

Market Capitalization

Ticker

Founded 1989

Data as of June 30, 2023. Market capitalization as of August 31, 2023

Novato, California

Marin County, North of San Francisco

317

$4.1 billion

$303 million

BMRC (Nasdaq Capital Markets)

First branch opened in 1990

Recent awards:

BAUER

SINCE 2003

FIVE STAR BANK

Piper Sandler

Sm-All Stars:

Class of 2020

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AAANasdaq: BMRC

244 Years of Combined Management Experience

Through Various Economic Cycles

Tim Myers

President & Chief Executive Officer

• 27 years of finance and banking experience
• Joined Bank of Marin in 2007

Sathis Arasadi

EVP, Chief Information Officer

• 30 years of engineering, technology, and fintech experience
• Joined Bank of Marin in 2023

David Bloom

EVP, Head of Commercial Banking

• 25 years of commercial banking experience
• Joined Bank of Marin in 2023

Brandi Campbell	Tani Girton	Bob Gotelli
EVP, Head of Retail Banking	EVP, Chief Financial Officer	EVP, Human Resources Director
•	36 years of banking	•	38 years of financial services	•	28 years of human resources
	experience		experience		experience
•	Joined Bank of Marin in 2019	•	Joined Bank of Marin in 2013	•	Joined Bank of Marin in 2000

Nikki Sloan	Misako Stewart
EVP, Head of Growth & Strategy	EVP, Chief Credit Officer
•	29 years of banking	•	31 years of banking
	experience		experience
•	Joined Bank of Marin in 2021	•	Joined Bank of Marin in 2013

4 Nasdaq: BMRC

Delivering a Relationship and Community-focused Banking Model on a Regional Scale

• 27 retail branches and 8 commercial banking offices located across 10 Northern California counties.
• Sound underwriting produces a high- quality loan portfolio with low credit costs and stable earnings through cycles.
• Strong deposit base with competitively priced funding source for lending activity.

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Nasdaq: BMRC