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
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Premises and Equipment
Note 4— Premises and Equipment
The following table presents information regarding the premises and equipment as of June 30, 2025 and December 31, 2024:
| ($ in thousands) | June 30, 2025 | December 31, 2024 |
|---|---|---|
| Leasehold improvements | $10,666 | $10,019 |
| Furniture and fixtures | 5,280 | 4,902 |
| Equipment and others | 4,950 | 3,831 |
| Total premises and equipment | 20,896 | 18,752 |
| Accumulated depreciation | (14,044) | (13,303) |
| Total premises and equipment, net | $6,852 | $5,449 |
Total depreciation expense included in occupancy and equipment expenses were $394 thousand and $332 thousand for the three months ended June 30, 2025 and 2024, respectively, and $741 thousand and $699 thousand for the six months ended June 30, 2025 and 2024, respectively.
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