OP Bancorp
For the period ended Jun 30, 2026. Filed Aug 7, 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.
Jun 30, 2026 · Filed Aug 7, 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 second quarters of 2026 and 2025:
| Three Months Ended June 30, | ||||
|---|---|---|---|---|
| ($ in thousands) | 2026 | 2025 | $ Change | % Change |
| Noninterest income: | ||||
| Service charges on deposits | $515 | $1,017 | $(502) | (49)% |
| Loan servicing fees, net of amortization | 974 | 900 | 74 | 8 |
| Gains on sale of loans | 3,370 | 1,441 | 1,929 | 134 |
| Other income | 792 | 610 | 182 | 30 |
| Total noninterest income | $5,651 | $3,968 | $1,683 | 42% |
Noninterest income for the second quarter of 2026 increased year-over-year, primarily due to higher gains on sale of loans, partially offset by lower service charges on deposits.
Gains of sale of loans increased by $1.9 million, or 134%, driven by stronger SBA loan sale activity and higher premium rates. The Bank sold $49.1 million in SBA loans at an average premium rate of 8.17%, compared with $25.3 million sold at an average premium rate of 7.05% in the prior period.
Service charges on deposit decreased by $502 thousand, or 49%, largely reflecting lower balances in existing business analysis accounts and closure of certain currency exchange-related accounts during the third quarter of 2025.
The following table presents the components of noninterest income for the first half of 2026 and 2025:
| Six Months Ended June 30, | ||||
|---|---|---|---|---|
| ($ in thousands) | 2026 | 2025 | $ Change | % Change |
| Noninterest income: | ||||
| Service charges on deposits | $978 | $2,017 | $(1,039) | (52)% |
| Loan servicing fees, net of amortization | 1,696 | 1,907 | (211) | (11) |
| Gains on sale of loans | 5,420 | 3,460 | 1,960 | 57 |
| Other income | 1,589 | 1,400 | 189 | 14 |
| Total noninterest income | $9,683 | $8,784 | $899 | 10% |
Noninterest income for the first half of 2026 increased year-over-year, primarily due to higher gains on sale of loans, partially offset by lower service charges on deposits.
Gains on sale of loans increased $2.0 million, or 57%, primarily due to stronger SBA loan sale activity and higher premium rates. The Bank sold $81.3 million in SBA loans at an average premium of 8.21%, compared to sale of $56.4 million at an average premium rate of 7.62%.
Service charges on deposit decreased $1.0 million, or 52%, primarily driven by lower balances in existing business analysis accounts and closure of certain currency exchange-related accounts during the third quarter of 2025.
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