The Board of Directors of Bank of Marin Bancorp declared a cash dividend of $0.27 per share on January 20, 2017. The cash dividend is payable on February 10, 2017, to shareholders of record at the close of business on February 3, 2017.

The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's net interest income was $17,976,000 against $17,243,000 a year ago. Net interest income after provision for loan losses was $18,276,000 against $16,743,000 a year ago. Income before provision for income taxes was $8,984,000 against $7,706,000 a year ago. Net income was $5,687,000 or $0.93 diluted per share against $4,925,000 or $0.81 diluted per share a year ago. Return on average assets was 1.11% against 0.98% for the same period of last year. Return on average equity was 9.74% against 9.12% for the same period of last year.

For the year, the company's net interest income was $73,161,000 against $67,187,000 a year ago. Net interest income after provision for loan losses was $75,011,000 against $66,687,000 a year ago. Income before provision for income taxes was $36,480,000 against $28,931,000 a year ago. Net income was $23,134,000 or $3.78 diluted per share against $18,441,000 or $3.04 diluted per share a year ago. Return on average assets was 1.15% against 0.98% for the same period of last year. Return on average equity was 10.23% against 8.84% for the same period of last year. Book value per share was $37.63 as at Dec. 31, 2016 against $35.34 as at Dec. 31, 2015. The increase of $6.0 million of net interest income in 2016 is primarily due to an increase in earning assets of $120 million, the $1.4 million interest recovery, and greater gains on payoffs and accretion on purchased loans, partially offset by lower average rates on loans and investment securities.