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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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 in the secondary market and servicing income from loans sold with servicing retained. Other sources of noninterest income include service charges on deposits.
The following table presents the components of noninterest income for the third quarters of 2026 and 2025:
| Three Months Ended September 30, | ||||
|---|---|---|---|---|
| ($ in thousands) | 2026 | 2025 | $ Change | % Change |
| Noninterest income: | ||||
| Service charges on deposits | $468 | $725 | $(257) | (35)% |
| Loan servicing fees, net of amortization | 980 | 724 | 256 | 35 |
| Gains on sale of loans | 3,277 | 2,037 | 1,240 | 61 |
| Other income | 570 | 644 | (74) | (11) |
| Total noninterest income | $5,295 | $4,130 | $1,165 | 28% |
Noninterest income for the third quarter of 2026 increased year-over-year, primarily due to higher gains on sale of loans.
Gains on sale of loans increased by $1.2 million, or 61%, driven by stronger SBA loan sale activity and higher premium rates. The Bank sold $51.1 million in SBA loans at an average premium rate of 8.06%, compared with $36.8 million of SBA loans sold at an average premium rate of 6.71% in the prior period.
The following table presents the components of noninterest income for the first nine months of 2026 and 2025:
| Nine Months Ended September 30, | ||||
|---|---|---|---|---|
| ($ in thousands) | 2026 | 2025 | $ Change | % Change |
| Noninterest income: | ||||
| Service charges on deposits | $1,446 | $2,742 | $(1,296) | (47)% |
| Loan servicing fees, net of amortization | 2,676 | 2,631 | 45 | 2 |
| Gains on sale of loans | 8,697 | 5,497 | 3,200 | 58 |
| Other income | 2,159 | 2,044 | 115 | 6 |
| Total noninterest income | $14,978 | $12,914 | $2,064 | 16% |
Noninterest income for the first nine months 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 by $3.2 million, or 58%, primarily due to stronger SBA loan sale activity and higher premium rates. The Bank sold $132.4 million in SBA loans at an average premium of 8.15%, compared with $93.2 million of SBA loans sold at an average premium rate of 7.26% in the prior period.
Service charges on deposit decreased by $1.3 million, or 47%, 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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