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$14.87-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME (unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| ($ in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 |
| INTEREST INCOME | ||||
| Interest and fees on loans | $35,001 | $31,885 | $100,953 | $92,632 |
| Interest on AFS debt securities | 1,699 | 1,626 | 4,632 | 4,676 |
| Other interest income | 1,822 | 1,788 | 5,461 | 5,261 |
| Total interest income | 38,522 | 35,299 | 111,046 | 102,569 |
| Interest expense | ||||
| Interest on deposits | 17,442 | 17,921 | 51,525 | 50,939 |
| Interest on borrowings | 734 | 872 | 2,036 | 2,951 |
| Total interest expense | 18,176 | 18,793 | 53,561 | 53,890 |
| Net interest income | 20,346 | 16,506 | 57,485 | 48,679 |
| Provision for credit losses | 1,175 | 448 | 3,117 | 1,210 |
| Net interest income after provision for credit losses | 19,171 | 16,058 | 54,368 | 47,469 |
| NONINTEREST INCOME | ||||
| Service charges on deposits | 725 | 889 | 2,742 | 2,294 |
| Loan servicing fees, net of amortization | 724 | 693 | 2,631 | 2,040 |
| Gains on sale of loans | 2,037 | 2,088 | 5,497 | 6,116 |
| Other income | 644 | 570 | 2,044 | 1,560 |
| Total noninterest income | 4,130 | 4,240 | 12,914 | 12,010 |
| NONINTEREST EXPENSE | ||||
| Salaries and employee benefits | 8,892 | 8,031 | 26,743 | 23,440 |
| Occupancy and equipment | 1,676 | 1,676 | 4,841 | 4,991 |
| Data processing and communication | 263 | 634 | 865 | 1,651 |
| Professional fees | 419 | 346 | 1,244 | 1,147 |
| FDIC insurance and regulatory assessments | 428 | 391 | 1,421 | 1,143 |
| Promotion and advertising | 126 | 151 | 514 | 451 |
| Directors’ fees | 151 | 154 | 529 | 489 |
| Foundation donation and other contributions | 671 | 549 | 1,863 | 1,628 |
| Other expenses | 1,003 | 788 | 3,460 | 2,126 |
| Total noninterest expense | 13,629 | 12,720 | 41,480 | 37,066 |
| INCOME BEFORE INCOME TAX EXPENSE | 9,672 | 7,578 | 25,802 | 22,413 |
| Income tax expense | 2,969 | 2,142 | 7,206 | 6,315 |
| NET INCOME | $6,703 | $5,436 | $18,596 | $16,098 |
| BASIC EARNINGS PER SHARE ("EPS") | $0.45 | $0.36 | $1.25 | $1.06 |
| DILUTED EPS | $0.45 | $0.36 | $1.25 | $1.06 |
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