OP Bancorp

For the period ended Mar 31, 2025. Filed May 9, 2025.

About this filing

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$14.93+1.2%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME (unaudited)

	Three Months Ended March 31,
($ in thousands, except per share data)	2025	2024
INTEREST INCOME
Interest and fees on loans	$31,689	$30,142
Interest on available-for-sale debt securities	1,496	1,460
Other interest income	1,674	1,311
Total interest income	34,859	32,913
Interest expense
Interest on deposits	16,608	15,675
Interest on borrowings	833	1,259
Total interest expense	17,441	16,934
Net interest income	17,418	15,979
Provision for credit losses	736	145
Net interest income after provision for credit losses	16,682	15,834
NONINTEREST INCOME
Service charges on deposits	1,000	612
Loan servicing fees, net of amortization	1,007	772
Gain on sale of loans	2,019	1,703
Other income	790	499
Total noninterest income	4,816	3,586
NONINTEREST EXPENSE
Salaries and employee benefits	8,776	7,841
Occupancy and equipment	1,581	1,655
Data processing and communication	296	487
Professional fees	407	395
FDIC insurance and regulatory assessments	487	374
Promotion and advertising	156	149
Directors’ fees	180	157
Foundation donation and other contributions	556	540
Other expenses	1,375	559
Total noninterest expense	13,814	12,157
INCOME BEFORE INCOME TAX EXPENSE	7,684	7,263
Income tax expense	2,124	2,037
NET INCOME	$5,560	$5,226
EARNINGS PER SHARE - BASIC	$0.37	$0.34
EARNINGS PER SHARE - DILUTED	$0.37	$0.34

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.