NOVATO, Calif.--(BUSINESS WIRE)-- Bank of Marin, the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC ), announced today that it sold a book value of $186 million of available-for-sale (AFS) securities to strategically reposition its balance sheet to enhance future earnings, drive earnings per share growth, and increase return on equity. "With this transaction, we took advantage of our high levels of capital to reposition legacy bond assets into higher yielding assets, and we believe we have now completed the repositioning of our AFS portfolio," said Tim Myers, president and CEO, Bank of Marin. "We remain very well capitalized with a Bancorp pro-forma total risk-based capital ratio above 16%, and our strong balance sheet and liquidity position the Bank's long-term, profitable growth." The securities sold had an average yield of 1.96%, resulting in an estimated pre-tax loss of approximately $19 million, which will be recorded in the second quarter of 2025.