OP Bancorp
For the period ended Mar 31, 2026. Filed May 15, 2026.
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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.
Mar 31, 2026 · Filed May 15, 2026
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Noninterest Income
While interest income remains the largest single component of total revenues, noninterest income is also an important component. A portion of our noninterest income is associated with SBA lending activity, consisting of gains on the sale of loans sold in the secondary market and servicing income from loans sold with servicing retained. Other sources of noninterest income include service charges on deposit.
The following table presents the components of noninterest income for the third quarters of 2026 and 2025:
| Three Months Ended March 31, | ||||
|---|---|---|---|---|
| ($ in thousands) | 2026 | 2025 | $ Change | % Change |
| Noninterest income: | ||||
| Service charges on deposits | $463 | $1,000 | $(537) | (54)% |
| Loan servicing fees, net of amortization | 722 | 1,007 | (285) | (28) |
| Gains on sale of loans | 2,050 | 2,019 | 31 | 2 |
| Other income | 797 | 790 | 7 | 1 |
| Total noninterest income | $4,032 | $4,816 | $(784) | (16)% |
Noninterest income for the first quarter of 2026 decreased year-over-year, primarily due to lower service charges on deposits and reduced loan servicing fees.
Service charges on deposit decreased by $537 thousand, or 54%, largely reflecting lower balances in existing business analysis accounts and the closure of certain currency exchange-related accounts during the third quarter of 2025.
Loan servicing fees, net of amortization decreased by $285 thousand or 28%, mainly due to higher amortization of servicing assets, driven by elevated payoff activity within the servicing portfolio.
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