OP Bancorp
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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Jun 30, 2026 · Filed Aug 7, 2026
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6 — Borrowing Arrangements
Note 6 —Borrowing Arrangements
As of June 30, 2026, the Company had $75.0 million in advances from FHLB with a weighted average interest rate of 3.56% and a weighted average remaining term of 1.8 years, compared to $75.0 million with a weighted average interest rate of 3.55% and a weighted average remaining term of 2.1 years as of December 31, 2025. The Company had letters of credit from the FHLB in the amount of $170.0 million and $135.0 million to secure public deposits as of June 30, 2026 and December 31, 2025, respectively.
The Company had available borrowing capacity from the following institutions as of June 30, 2026:
| ($ in thousands) | June 30, 2026 |
|---|---|
| FHLB | $429,846 |
| Federal Reserve Bank | 216,666 |
| Pacific Coast Bankers Bank | 50,000 |
| Zions Bank | 25,000 |
| First Horizon Bank | 25,000 |
| Total | $746,512 |
The Company has pledged approximately $1.69 billion and $1.64 billion of loans as collateral for these lines of credit as of June 30, 2026 and December 31, 2025, respectively.
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