1 unchanged sentence
Evaluation of Disclosure Controls and Procedures
−Removed: Bank of Marin Bancorp and its subsidiary (the "Company") conducted an evaluation under the supervision and with the participation of our Management, including our Chief Executive Officer and Chief Financial Officer, of the
−Removed: effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) or 15d-15(e) under the Securities Exchange Act of 1934 (the “Act”)) as of the end of the period covered by this report.
+Added: Bank of Marin Bancorp and its subsidiary (the "Company") conducted an evaluation under the supervision and with the participation of our Management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) or 15d-15(e) under the Securities Exchange Act of 1934 (the “Act”)) as of the end of the period covered by this report.
The term disclosure controls and procedures means controls and other procedures that are designed to ensure that information we are required to disclose in the reports that we file or submit under the Act (15 U.S.C.
3 unchanged sentences
Changes in Internal Control over Financial Reporting
−Removed: While many employees have been working remotely due to the COVID-19 pandemic, our branches remain open and we are continually monitoring our internal controls over financial reporting to minimize any related impact of pandemic.
−Removed: In April 2020, Bank of Marin began participating in the SBA PPP and integrated the related processes and systems into our overall internal control over financial reporting.
−Removed: As a result, we implemented or modified certain internal controls, including but not limited to the following:
−Removed: • Enhanced controls to facilitate SBA PPP loan application, approval, and data input processes.
−Removed: • Added controls for the deferral and recognition of the SBA PPP processing fees and loan origination costs.
−Removed: • Implemented controls over SBA PPP loan reporting (Form 1502).
−Removed: • Began to establish controls and necessary systems related to the SBA PPP loan forgiveness program, which we expect to begin in the third quarter of 2020.
−Removed: During the quarter ended June 30, 2020, other than the items described above, there were no significant changes that materially affected, or are reasonably likely to affect, our internal control over financial reporting.
+Added: While many employees have been working remotely due to the COVID-19 pandemic, we continually monitor our internal controls over financial reporting to minimize any related impact of the pandemic.
+Added: During the quarter ended September 30, 2020, there were no significant changes that materially affected, or are reasonably likely to affect, our internal control over financial reporting.
The term internal control over financial reporting, as defined by Rule 15d-15(f) of the Act, is a process designed by, or under the supervision of, the issuer's principal executive and principal financial officers, or persons performing similar functions, and effected by the issuer's board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.