OP Bancorp
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
OPBK$14.87-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| December 31, | ||
|---|---|---|
| ($ in thousands) | 2023 | 2022 |
| ASSETS | ||
| Cash and cash equivalents | $91,216 | $82,972 |
| Available-for-sale debt securities, at fair value | 194,250 | 209,809 |
| Other investments | 16,276 | 12,098 |
| Loans held for sale | 1,795 | 44,335 |
| Loans receivable, net of allowance for credit losses of $21,993 and $19,241 as of December 31, 2023 and 2022, respectively | 1,743,852 | 1,659,051 |
| Premises and equipment, net | 5,248 | 4,400 |
| Accrued interest receivable | 8,259 | 7,180 |
| Servicing assets | 11,741 | 12,759 |
| Company owned life insurance | 22,233 | 21,613 |
| Deferred tax assets, net | 13,309 | 14,316 |
| Operating right-of-use assets | 8,497 | 9,097 |
| Other assets | 31,054 | 16,867 |
| Total assets | $2,147,730 | $2,094,497 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing | $522,751 | $701,584 |
| Interest-bearing: | ||
| Money market and others | 399,018 | 526,321 |
| Time deposits greater than $250 | 433,892 | 356,197 |
| Other time deposits | 451,897 | 301,669 |
| Total deposits | 1,807,558 | 1,885,771 |
| Federal Home Loan Bank advances | 105,000 | — |
| Accrued interest payable | 12,628 | 2,771 |
| Operating lease liabilities | 9,341 | 10,213 |
| Other liabilities | 20,577 | 18,826 |
| Total liabilities | 1,955,104 | 1,917,581 |
| Shareholders’ equity | ||
| Preferred stock no par value; 10,000,000 shares authorized; no shares issued or outstanding as of December 31 2023 and 2022 | — | — |
| Common stock – no par value; 50,000,000 shares authorized as of December 31, 2023 and 2022; 15,000,436 and 15,270,344 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 76,280 | 79,326 |
| Additional paid-in capital | 10,942 | 9,743 |
| Retained earnings | 120,855 | 105,690 |
| Accumulated other comprehensive loss | (15,451) | (17,843) |
| Total shareholders’ equity | 192,626 | 176,916 |
| Total liabilities and shareholders' equity | $2,147,730 | $2,094,497 |
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