OP Bancorp
For the period ended Jun 30, 2025. Filed Aug 11, 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.
Jun 30, 2025 · Filed Aug 11, 2025
OPBK$14.87-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
| Six Months Ended June 30, | ||
|---|---|---|
| ($ in thousands) | 2025 | 2024 |
| Cash flows from operating activities | ||
| Net income | $11,893 | $10,662 |
| Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ||
| Provision for credit losses | 1,942 | 762 |
| Deferred income tax expense (benefit) | 1,287 | (209) |
| Amortization of servicing assets | 1,513 | 1,996 |
| Amortization of low income housing partnerships | 1,062 | 1,035 |
| Accretion of net discounts on loans | (724) | (1,275) |
| Depreciation and amortization of premises and equipment | 741 | 699 |
| Amortization of net premiums on securities | 4 | 52 |
| Gains on sale of loans | (3,460) | (4,028) |
| Stock-based compensation | 313 | 636 |
| Earnings on company owned life insurance | (347) | (333) |
| Net change in fair value of equity investment with readily determinable fair value | (64) | 50 |
| Origination of loans held-for-sale | (73,911) | (63,660) |
| Proceeds from sales of loans held-for-sale | 60,685 | 61,700 |
| Net change in: | ||
| Accrued interest receivable and other assets | (2,402) | 6,433 |
| Accrued interest payable and other liabilities | 129 | (1,908) |
| Net cash (used in) provided by operating activities | (1,339) | 12,612 |
| Cash flows from investing activities | ||
| Net change in loans receivable | (114,456) | (103,315) |
| Proceeds from matured, called, or paid-down AFS debt securities | 14,118 | 12,048 |
| Purchase of available-for-sale debt securities | — | (19,082) |
| Purchase of Federal Home Loan Bank stock | (540) | (87) |
| Purchase of premises and equipment, net | (2,144) | (167) |
| Investments in low-income housing partnerships | (2,607) | (2,556) |
| Net cash used in investing activities | (105,629) | (113,159) |
| Cash flows from financing activities | ||
| Net change in deposits | 227,443 | 133,263 |
| Cash received from stock option exercises | — | 160 |
| Proceeds from FHLB advances | 50,000 | 40,000 |
| Repayment of FHLB advances | (95,000) | (30,000) |
| Repurchase of common stock | (713) | (2,691) |
| Cash dividend paid on common stock | (3,560) | (3,588) |
| Payments related to tax-withholding for vested restricted stock awards | (757) | (137) |
| Net cash provided by financing activities | 177,413 | 137,007 |
| Net change in cash and cash equivalents | 70,445 | 36,460 |
| Cash and cash equivalents at beginning of period | 134,943 | 91,216 |
| Cash and cash equivalents at end of period | $205,388 | $127,676 |
| Supplemental cash flow information: | ||
| Cash paid during the period for: | ||
| Income taxes | $3,496 | $5,495 |
| Interest | 35,733 | 32,221 |
| Supplemental noncash disclosure: | ||
| Initial recognition of right-of-use assets | $3,536 | $871 |
| New commitments to low income housing partnership investment | 5,000 | — |
| Transfer of loan to OREO | — | 1,077 |
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