OP Bancorp
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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Sep 30, 2025 · Filed Nov 7, 2025
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6 — Borrowing Arrangements
Note 6 —Borrowing Arrangements
As of September 30, 2025, the Company had FHLB advances totaling $75.0 million with a weighted average interest rate of 3.55% and a weighted average remaining term of 2.4 years, compared to $95.0 million with a weighted average interest rate of 4.34% and a weighted average remaining term of 0.2 years as of December 31, 2024. The Company had letters of credit from the FHLB in the amount of $135.0 million and $100.0 million to secure public deposits as of September 30, 2025 and December 31, 2024, respectively.
The Company had available borrowing capacity from the following institutions as of September 30, 2025:
| ($ in thousands) | September 30, 2025 |
|---|---|
| FHLB | $430,887 |
| Federal Reserve Bank | 210,584 |
| Pacific Coast Bankers Bank | 50,000 |
| Zions Bank | 25,000 |
| First Horizon Bank | 25,000 |
| Total | $741,471 |
The Company has pledged approximately $1.60 billion and $1.41 billion of loans as collateral for these lines of credit as of September 30, 2025 and December 31, 2024, respectively.
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