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$14.76-0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Selected Financial Data
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| ($ in thousands, except share and per share data) | 2025 | 2024 | 2025 | 2024 |
| Income Statement Data: | ||||
| Interest income | $37,665 | $34,357 | $72,524 | $67,270 |
| Interest expense | 17,944 | 18,163 | 35,385 | 35,097 |
| Net interest income | 19,721 | 16,194 | 37,139 | 32,173 |
| Provision for credit losses | 1,206 | 617 | 1,942 | 762 |
| Noninterest income | 3,968 | 4,184 | 8,784 | 7,770 |
| Noninterest expense | 14,037 | 12,189 | 27,851 | 24,346 |
| Income before income taxes | 8,446 | 7,572 | 16,130 | 14,835 |
| Income tax expense | 2,113 | 2,136 | 4,237 | 4,173 |
| Net income | 6,333 | 5,436 | 11,893 | 10,662 |
| Per Share Data: | ||||
| Basic EPS | $0.42 | $0.36 | $0.79 | $0.70 |
| Diluted EPS | 0.42 | 0.36 | 0.79 | 0.70 |
| Book value per common share, at period-end | 14.36 | 13.23 | 14.36 | 13.23 |
| Shares of common stock outstanding, at period-end | 14,885,614 | 14,816,281 | 14,885,614 | 14,816,281 |
| Performance Ratios: | ||||
| Return on average assets(1) | 1.00% | 0.95% | 0.96% | 0.96% |
| Return on average equity(1) | 11.97 | 11.23 | 11.36 | 11.03 |
| Yield on average total loans(1) | 6.56 | 6.67 | 6.47 | 6.68 |
| Yield on average interest-earning assets(1) | 6.18 | 6.29 | 6.11 | 6.31 |
| Cost of average interest-bearing liabilities(1) | 4.18 | 4.81 | 4.24 | 4.79 |
| Cost of deposits(1) | 3.15 | 3.54 | 3.19 | 3.49 |
| Net interest margin(1) | 3.23 | 2.96 | 3.12 | 3.01 |
| Efficiency ratio(2) | 59.25 | 59.81 | 60.65 | 60.95 |
(1) Annualized.
(2) Represent noninterest expense divided by the sum of net interest income and noninterest income.
| ($ in thousands) | June 30, 2025 | December 31, 2024 |
|---|---|---|
| Balance Sheet Data: | ||
| Gross loans | $2,071,580 | $1,956,852 |
| Loans held-for-sale | 20,016 | 4,581 |
| Allowance for credit losses on loans | 26,286 | 24,796 |
| Total assets | 2,563,595 | 2,366,013 |
| Total deposits | 2,254,728 | 2,027,285 |
| Shareholders’ equity | 213,718 | 204,993 |
| Asset Quality Data: | ||
| Nonperforming loans to gross loans | 0.43% | 0.40% |
| Allowance for credit losses on loans to nonperforming loans | 295 | 317 |
| Allowance for credit losses on loans to gross loans | 1.27 | 1.27 |
| Balance Sheet and Capital Ratios: | ||
| Gross loans to total deposits | 91.88% | 96.53% |
| Noninterest-bearing deposits to total deposits | 25.09 | 24.91 |
| Quarterly average equity to average total assets | 8.39 | 8.63 |
| Tier 1 leverage capital ratio | 8.96 | 9.27 |
| Common equity tier 1 capital ratio | 11.01 | 11.35 |
| Tier 1 risk-based capital ratio | 11.01 | 11.35 |
| Total risk-based capital ratio | 12.26 | 12.60 |
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