OP Bancorp
For the period ended Sep 30, 2026. Filed Nov 6, 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.
Sep 30, 2026 · Filed Nov 6, 2026
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Deposits and Other Sources of Funds
We gather deposits primarily through our branch locations. We offer a variety of deposit products including demand deposits accounts, interest-bearing products, savings accounts and certificate of deposits. We dedicate continuing effort into gathering noninterest demand deposits accounts through marketing to our existing and new loan customers, customer referrals, our marketing staff and various involvement with community networks.
The following table shows the composition of deposits by type as of the dates presented:
| September 30, 2026 · December 31, 2025 · Change | ||||||
|---|---|---|---|---|---|---|
| ($ in thousands) | Amount | Percent | Amount | Percent | $ | % |
| Noninterest-bearing demand | $539,257 | 22% | 520,865 | 23% | $18,392 | 4% |
| Interest-bearing: | ||||||
| Money market and others | 429,464 | 18 | 388,066 | 17 | 41,398 | 11% |
| Time deposits (greater than $250) | 818,590 | 34 | 683,956 | 30 | 134,634 | 20% |
| Time deposits ($250 or less) | 643,116 | 26 | 687,660 | 30 | (44,544) | (6)% |
| Total interest-bearing | 1,891,170 | 78 | 1,759,682 | 77 | 131,488 | 7% |
| Total deposits | $2,430,427 | 100% | $2,280,547 | 100% | $149,880 | 7% |
The following tables set forth the maturity of time deposits as of September 30, 2026:
| Maturity Within: | |||||
|---|---|---|---|---|---|
| ($ in thousands) | ThreeMonths | Three toSix Months | Six to TwelveMonths | AfterTwelve Months | Total |
| Time deposits (greater than $250) | $341,630 | $280,753 | $194,611 | $1,596 | $818,590 |
| Time deposits ($250 or less) | 337,435 | 118,740 | 184,288 | 2,653 | 643,116 |
| Total time deposits | $679,065 | $399,493 | $378,899 | $4,249 | $1,461,706 |
Other than deposits, we also utilized FHLB advances as a supplementary funding source to finance our operations. The advances from the FHLB are collateralized by residential and CRE loans. As of September 30, 2026 and December 31, 2025, the Company had maximum borrowing capacity from the FHLB of $686.5 million and $653.6 million, respectively. We had borrowings from FHLB of $75.0 million as of both September 30, 2026 and December 31, 2025. The Company had estimated uninsured deposits of $1.19 billion, or 49% of total deposits, and $1.09 billion, or 48% of total deposits, as of September 30, 2026 and December 31, 2025, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.