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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Provision for Credit Losses
Provision for credit losses was $1.2 million for the second quarter of 2025, compared with $617 thousand in the same period a year ago. The increase primarily reflected an adjustment to qualitative risk factors, driven by a cautious approach in light of ongoing economic uncertainty. The provision was also impacted by net charge-offs recognized during the quarter and higher historical loss factors, resulting from risk rating downgrades.
Provision for credit losses was $1.9 million for the first half of 2025, compared with $762 thousand in the same period a year ago, primarily due to persistent economic volatility. This was partially offset by lower historical loss factors, which reduced the quantitative component of the allowance calculation.
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