OP Bancorp
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 2025
OPBK$14.87-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| ($ in thousands) | 2025 | 2024 |
| Cash flows from operating activities | ||
| Net income | $18,596 | $16,098 |
| Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ||
| Provision for credit losses | 3,117 | 1,210 |
| Deferred income tax expense (benefit) | 755 | (521) |
| Depreciation, amortization and accretion, net | 5,633 | 3,814 |
| Gains on sale of loans | (5,497) | (6,116) |
| Stock-based compensation | 487 | 908 |
| Earnings on company owned life insurance | (525) | (506) |
| Valuation of OREO | 39 | — |
| Origination of loans held-for-sale | (98,457) | (102,251) |
| Proceeds from sales of loans held-for-sale | 99,961 | 99,921 |
| Net change in: | ||
| Accrued interest receivable and other assets | (3,155) | 8,713 |
| Accrued interest payable and other liabilities | 1,652 | 4,675 |
| Net cash provided by operating activities | 22,606 | 25,945 |
| Cash flows from investing activities | ||
| Net change in loans receivable | (193,705) | (158,831) |
| Proceeds from matured, called, or paid-down AFS debt securities | 21,682 | 19,121 |
| Purchase of loans | — | (6,421) |
| Purchase of AFS debt securities | (29,623) | (19,082) |
| Purchase of FHLB stock | (541) | (87) |
| Purchase of premises and equipment, net | (2,698) | (747) |
| Net change in investments in low-income housing partnerships | (5,232) | (3,318) |
| Net cash used in investing activities | (210,117) | (169,365) |
| Cash flows from financing activities | ||
| Net change in deposits | 246,132 | 257,045 |
| Cash received from stock option exercises | — | 160 |
| Proceeds from FHLB advances | 125,000 | — |
| Repayment of FHLB advances | (145,000) | (30,000) |
| Repurchase of common stock | (713) | (2,743) |
| Cash dividend paid on common stock | (5,346) | (5,365) |
| Payments related to tax-withholding for vested restricted stock awards | (757) | (137) |
| Net cash provided by financing activities | 219,316 | 218,960 |
| Net change in cash and cash equivalents | 31,805 | 75,540 |
| Cash and cash equivalents at beginning of period | 134,943 | 91,216 |
| Cash and cash equivalents at end of period | $166,748 | $166,756 |
| Supplemental cash flow information: | ||
| Cash paid during the period for: | ||
| Income taxes | $4,759 | $6,936 |
| Interest | 53,660 | 47,035 |
| 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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