OP Bancorp

Note 12. Regulatory Capital Matters

Effective September 30, 2026, the Bank elected to use the Community Bank Leverage Ratio ("CBLR") framework. Under the CBLR framework, a qualifying community banking organization that maintains a leverage ratio greater than 8.0% is considered to have met the generally applicable minimum capital requirements and the capital ratio requirements for the "well-capitalized" category under the prompt corrective action framework.

As of September 30, 2026, the Bank satisfied the applicable requirements under the CBLR framework and was considered "well-capitalized." As of December 31, 2025, prior to the Bank's election of the CBLR framework, the Bank met all applicable regulatory capital adequacy requirements.

The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of the dates indicated. Effective September 30, 2026, the CBLR framework applies to the Bank, and the Bank's risk-based capital ratios are presented for informational purposes only:

(1)CBLR framework applies only to Open Bank. Accordingly, OP Bancorp's capital ratios and Open Bank's risk-based capital ratios are presented for informational purposes only.

(2)Prior to Open Bank's election of the CBLR framework, only Open Bank was subject to the applicable regulatory capital requirements, while OP Bancorp’s capital ratios were presented solely for informational purposes.