OP Bancorp
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
OPBK$14.76-0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| ($ in thousands) | March 31, 2025 (Unaudited) | December 31, 2024 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $198,861 | $134,943 |
| Available-for-sale debt securities, at fair value | 182,480 | 185,909 |
| Other investments | 16,517 | 16,437 |
| Loans held for sale | 4,555 | 4,581 |
| Loans receivable, net of allowance for credit losses of $25,368 and $24,796 as of March 31, 2025 and December 31, 2024, respectively | 2,018,517 | 1,932,056 |
| Premises and equipment, net | 6,526 | 5,449 |
| Accrued interest receivable | 9,871 | 9,188 |
| Servicing assets | 10,848 | 10,834 |
| Company owned life insurance | 23,084 | 22,912 |
| Deferred tax assets, net | 13,183 | 14,893 |
| Other real estate owned | 1,237 | 1,237 |
| Operating right-of-use assets | 6,930 | 7,415 |
| Other assets | 20,362 | 20,159 |
| Total assets | $2,512,971 | $2,366,013 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing | $552,797 | $504,928 |
| Interest-bearing: | ||
| Money market and others | 385,080 | 329,095 |
| Time deposits greater than $250 | 610,783 | 565,813 |
| Other time deposits | 641,211 | 627,449 |
| Total deposits | 2,189,871 | 2,027,285 |
| Federal Home Loan Bank advances | 75,000 | 95,000 |
| Accrued interest payable | 14,994 | 16,067 |
| Operating lease liabilities | 9,193 | 7,857 |
| Other liabilities | 13,824 | 14,811 |
| Total liabilities | 2,302,882 | 2,161,020 |
| Shareholders’ equity | ||
| Preferred stock no par value; 10,000,000 shares authorized; no shares issued or outstanding as of March 31, 2025 and December 31, 2024 | — | — |
| Common stock – no par value; 50,000,000 shares authorized as of March 31, 2025 and December 31, 2023; 14,914,261 and 14,819,866 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 73,697 | 73,697 |
| Additional paid-in capital | 11,371 | 11,928 |
| Retained earnings | 138,563 | 134,781 |
| Accumulated other comprehensive loss | (13,542) | (15,413) |
| Total shareholders’ equity | 210,089 | 204,993 |
| Total liabilities and shareholders' equity | $2,512,971 | $2,366,013 |
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