Bank of Marin Bancorp (NASDAQ:BMRC) Q4 2023 Earnings Call Transcript

Tim Myers: Yes. I think some of the movements in the noninterest-bearing to interest-bearing and some that moved out, they were pretty lumpy and that did happen later in the quarter. And so I don’t want to say that’s a run rate then that can be a little jerky and its impact depending on the timing. So I don’t think that’s indicative of a run rate per se. But again, I’m really loath to prognosticate that given what’s happened.

Andrew Terrell: Yes, totally understood. Okay, well, I appreciate you all taking the questions this morning.

Tim Myers: Thank you very much. So we did have an online question. When you talk about the residual loan repricing opportunity, is it safe to assume that will continue in 2021 and beyond, assuming you do not — we do not return to a zero integrate policy. I’ll let Tani handle that.

Tani Girton: And I would say, yes, there — the residual repricing continues beyond the one-year time horizon. We typically the duration on our loan portfolio is somewhere around four years. So you can assume that we’re going to get residual repricing over that entire time frame.

Operator: There are no further questions. I will now turn the call over to Tim Myers for closing remarks.

Tim Myers: Thank you again, everyone, for both your interest, support and questions. We appreciate it and look forward to seeing you next quarter. Go niners.