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OP Bancorp preliminary Q3 2026 earnings rise 16%

Criticized loans rose to $77.556 million, with new additions primarily involving CRE loans rated Special Mention.

Filing Impact
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Filing Sentiment

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Form Type
8-K

Rhea-AI Filing Summary

OP Bancorp reported preliminary unaudited third-quarter 2026 net income of $7.763 million and diluted EPS of $0.52; net income was up 16% year over year and down 3% from the second quarter. Net interest income rose 9% year over year to $22.207 million, and net interest margin was 3.27%, up 1 basis point year over year.

Gross loans totaled $2,287.829 million at September 30, 2026, up 6% year over year, while deposits totaled $2,430.427 million, up 7%. Criticized loans were $77.556 million, 176% above a year earlier, and nonperforming loans were $18.032 million, up 46%. The company said the increase in criticized loans primarily reflected new CRE loans rated Special Mention. Provision for credit losses was $1.597 million, compared with $1.175 million a year earlier.

The board declared a quarterly cash dividend of $0.14 per share, payable on or about November 19, 2026, to shareholders of record November 5, 2026. Open Bank elected the Community Bank Leverage Ratio framework effective September 30, 2026; its Tier 1 leverage ratio was 10.01%, compared with the 8.00% applicable requirement.

1 point · 0 major

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Positive

  • Moderate pointThird-quarter net income increased 16% year over year to $7.763 million.

Negative

  • Moderate pointCriticized loans increased 176% year over year to $77.556 million.

Insights

Analyzing...

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net income $7.763 million Third quarter 2026; up 16% year over year and down 3% quarter over quarter
Diluted EPS $0.52 per diluted share Third quarter 2026; compared with $0.45 a year earlier and $0.53 in the second quarter
Net interest income $22.207 million Third quarter 2026; up 11% quarter over quarter and 9% year over year
Net interest margin 3.27% Third quarter 2026; up 19 basis points quarter over quarter and 1 basis point year over year
Criticized loans $77.556 million As of September 30, 2026; up 176% year over year
Quarterly cash dividend $0.14 per share Payable on or about November 19, 2026, to shareholders of record November 5, 2026
net interest margin financial
"net interest margin increased by 19 basis points to 3.27%"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
criticized loans financial
"Total criticized loans"
Criticized loans are bank loans that examiners or the bank itself have flagged as showing signs of weakness—such as higher risk of late payments, reduced collateral value, or borrower stress—but that are not yet officially defaulted. They matter to investors because a growing pile of such loans can signal deteriorating credit quality and higher future losses for a lender, much like small warning lights on a car dashboard that suggest a problem that, if ignored, could lead to a breakdown.
Community Bank Leverage Ratio regulatory
"Community Bank Leverage Ratio ("CBLR")"
Community bank leverage ratio is a regulatory measure that compares a bank’s core capital (its safety cushion) to the size of its balance sheet, showing what share of assets is backed by tangible equity rather than borrowed money. Investors use it like a health check: a higher ratio means the bank has more buffer to absorb losses, support lending and dividends, and face fewer regulatory limits, while a lower ratio signals greater risk.
nonaccrual loans financial
"Nonaccrual loans"
Nonaccrual loans are loans a lender has stopped counting toward interest income because the borrower is overdue or unlikely to pay; the lender only records cash payments received and may set aside extra funds to cover potential losses. For investors, a rising number or amount of nonaccrual loans signals weaker credit quality, lower future interest revenue and larger potential write-downs — similar to pausing expected subscription income when many customers stop paying.
Net income $7.763 million -3% quarter over quarter; +16% year over year
Diluted EPS $0.52 per diluted share -$0.01 quarter over quarter; +$0.07 year over year
Net interest income $22.207 million +11% quarter over quarter; +9% year over year
Net interest margin 3.27% +19 basis points quarter over quarter; +1 basis point year over year
Noninterest expense $15.512 million +5% quarter over quarter; +14% year over year

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did OPBK perform in the third quarter of 2026?
OP Bancorp reported preliminary unaudited net income of $7.763 million and diluted EPS of $0.52 for the third quarter of 2026. Net income was 16% above the year-earlier quarter and 3% below the second quarter.

What dividend did OPBK declare, and when is it payable?
OP Bancorp declared a quarterly cash dividend of $0.14 per share, payable on or about November 19, 2026, to shareholders of record as of the close of business on November 5, 2026.

What drove the increase in OPBK's criticized loans?
The company reported $45.7 million of loans newly entering the criticized category during the quarter, primarily CRE loans rated Special Mention. Four relationships totaling $41.5 million were the primary drivers of the increase in Special Mention loans.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR
0001722010False00017220102026-10-222026-10-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________
FORM 8-K
____________________________________
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 22, 2026
____________________________________
OP BANCORP
(Exact name of registrant as specified in its charter)
____________________________________
California001-3843781-3114676
(State or other jurisdiction of incorporation)
(Commission File Number)(IRS Employer Identification No.)
1000 Wilshire Blvd, Suite 500, Los Angeles, CA
90017
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (213) 892-9999

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2 below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, No Par ValueOPBKNASDAQ Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐


Item 2.02    Results of Operations and Financial Condition.
On October 22, 2026, OP Bancorp, (the “Company”), the holding company for Open Bank, issued its press release announcing preliminary unaudited financial results for the third quarter ended September 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02.

The information in this Current Report set forth under this Item 2.02, including Exhibit 99.1 hereto, is furnished hereunder and shall not be treated as “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly stated by specific reference in such filing.
Item 7.01    Regulation FD Disclosure.

On October 22, 2026, the Company provided a presentation containing certain summary financial information that may be used in discussions with investors and analysts. That presentation is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 7.01.

The information in this Current Report set forth under this Item 7.01, including Exhibit 99.2 hereto, is furnished hereunder and shall not be treated as “filed” for purposes of Section 18 of the Exchange Act, nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act, or the Exchange Act, except as expressly stated by specific reference in such filing.
Item 8.01.    Other Events
On October 22, 2026, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on its common stock, payable on November 19, 2026, to shareholders of record as of November 5, 2026. The Company issued a press release describing the dividend on October 22, 2026, which is attached hereto as Exhibit 99.3 and incorporated herein by reference.
Item 9.01    Financial Statements and Exhibits
(d)    Exhibits.
Exhibit NumberExhibit Description
99.1
Press Release, dated October 22, 2026 - Third Quarter 2026 Results
99.2
Earnings Presentation - Third Quarter 2026 Results
99.3
Press Release, dated October 22, 2026 - Dividend Declaration
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
OP Bancorp
Date: October 22, 2026
By:/s/ Jaehyun Park
Jaehyun Park
Executive Vice President and
Chief Financial Officer
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image.jpg





Exhibit 99.1
News Release
OP Bancorp Reports Third Quarter 2026 Net Income of $7.8 Million, Diluted EPS of $0.52
compared with second quarter 2026 net income of $8.0 million, diluted EPS of $0.53,
and third quarter 2025 net income of $6.7 million, diluted EPS of $0.45
Growth in net interest income; Margin expansion; Continued balance sheet growth

Los Angeles, CA (October 22, 2026) — OP Bancorp (the “Company”) (NASDAQ: OPBK), parent company of Open Bank, today reported:
($ in thousands, except per share data)As of and For the QuarterThird Quarter Highlights
3Q20262Q20263Q2025Comparisons reflect 3Q26 vs. 2Q26
Income Statement:Income Statement
Net interest income$22,207 $20,068 $20,346 
• Revenue growth driven by higher net interest income.
•Net interest income increased, supported by continued loan growth.
• Higher provision reflected loan growth and changes in criticized loans.
Noninterest income5,295 5,651 4,130 
Revenue27,502 25,719 24,476 
Provision for (reversal of) credit losses1,597 (149)1,175 
Noninterest expense15,512 14,826 13,629 
Net income$7,763 $7,978 $6,703 
Diluted Earnings Per Share (“EPS”)$0.52 $0.53 $0.45 
Net interest margin (1)
3.27 %3.08 %3.26 %
Efficiency ratio (2)
56.40 57.64 55.68 
Balance Sheet:Balance Sheet
Average loans (3)
$2,334,125 $2,253,270 $2,132,230 
•Average loans increased 4%.
•Average deposits increased 4%.
Average deposits2,408,0592,315,8212,229,591
Credit Quality:Credit Quality
Net charge-offs (1) to average gross loans
0.14 %0.03 %0.04 %
•Net charge-offs increased but remained relatively low.
Allowance for credit losses on loans to gross loans1.26 1.24 1.27 
•Allowance coverage remained adequate.
Selected Metrics:Performance and Capital
Book value per share$16.07 $15.99 $14.88 
•Book value per share continued to increase, reflecting growth in shareholders’ equity.
Return on average assets ("ROAA") (1)
1.11 %1.18 %1.04 %
•ROAA and ROAE remained robust.

Return on average equity ("ROAE") (1)
12.94 13.61 12.36 
Shareholders' equity to asset ratio8.54 8.70 8.47 
•The Company maintained a solid equity position.
Tier 1 leverage ratio9.09 9.21 9.01 
•Tier 1 leverage remained robust, supporting future growth.
(1)Annualized.
(2)Represents noninterest expense divided by the sum of net interest income and noninterest income.
(3)Includes loans held-for-sale.
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Sang K. Oh, President and Chief Executive Officer:
“We delivered solid results in the third quarter, with net income of $7.8 million and diluted EPS of $0.52. Continued loan growth supported higher net interest income and further expansion in net interest margin. Book value per share continued to increase, reflecting growth in shareholders’ equity, while we maintained appropriate capital levels. As we enter the final quarter of 2026, we remain committed to sustainable growth, disciplined risk management and operating efficiency,” said Sang K. Oh, President and Chief Executive Officer.
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INCOME STATEMENT HIGHLIGHTS
Net Interest Income and Net Interest Margin
($ in thousands)For the Three Months Ended% Change 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
Interest Income
Interest income$41,377 $38,193 $38,522 8 %7 %
Interest expense19,170 18,125 18,176 6 5 
Net interest income$22,207 $20,068 $20,346 11 %9 %

($ in thousands)For the Three Months EndedAverage Yield/Rate Change 3Q2026 vs.
3Q20262Q20263Q2025
Interest Income/Expense
Average Yield/Rate(1)
Interest Income/Expense
Average Yield/Rate(1)
Interest Income/Expense
Average Yield/Rate(1)
2Q20263Q2025
Interest-earning Assets:
Loans$37,627 6.41 %$35,731 6.36 %$35,001 6.52 %5 bps(11) bps
Total interest-earning assets41,377 6.08 38,193 5.87 38,522 6.16 21 bps(8) bps
Interest-bearing Liabilities:
Interest-bearing deposits17,905 3.79 16,891 3.77 17,442 4.07 2 bps(28) bps
Total interest-bearing liabilities19,170 3.84 18,125 3.82 18,176 4.06 2 bps(22) bps
Ratios:
Net interest income / interest rate spreads22,207 2.24 20,068 2.05 20,346 2.10 19 bps14 bps
Net interest margin3.27 3.08 3.26 19 bps1 bps
Total deposits / cost of deposits17,905 2.95 16,891 2.93 17,442 3.10 2 bps(15) bps
Total funding liabilities / cost of funds19,170 3.03 18,125 3.00 18,176 3.13 3 bps(10) bps
(1)Annualized.
($ in thousands)For the Three Months EndedAverage Yield Change 3Q2026 vs.
3Q20262Q20263Q2025
Interest Income
Average Yield (1)
Interest Income
Average
Yield (1)
Interest Income
Average Yield (1)
2Q20263Q2025
Loan Yield Component:
Contractual interest rate$36,973 6.30 %$35,335 6.29 %$34,263 6.39 %1 bps(9) bps
Recurring accretion / amortization239 0.04 226 0.04 299 0.05 — bps(1) bps
Nonrecurring (2)
415 0.07170 0.03439 0.08 4 bps(1) bps
Yield on loans$37,627 6.41 %$35,731 6.36 %$35,001 6.52 %5 bps(11) bps
(1)Annualized.
(2)Includes nonaccrual loan interest recognized or reversed, prepayment penalties and other fees, and accelerated discounts and premiums associated with loan payoffs.
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Third Quarter 2026 vs. Second Quarter 2026
Net interest income increased by $2.1 million, or 11%, primarily driven by continued loan growth and the normalization of Federal Reserve Bank account income following a prior-quarter accrual adjustment. These benefits were partially offset by higher interest expense resulting from growth in average interest-bearing deposit balances. As a result, net interest margin increased by 19 basis points to 3.27%.

◦Interest-bearing Deposits in Other Banks: Interest income increased by $1.1 million, primarily reflecting the absence of a one-time Federal Reserve Bank accrual adjustment recorded in the prior quarter, as well as higher average balances.
◦Loans: Interest income increased by $1.9 million, driven largely by an $80.9 million or 4% increase in average loan balances, reflecting growth in CRE and home mortgage loans, along with a 5-basis-point increase in average loan yield to 6.41%.
◦Deposits: Interest expense increased by $1.0 million, primarily due to a $76.4 million or 4% increase in average interest-bearing deposit balances, including growth in money market and time deposit accounts. Despite the higher balances, the average cost of interest-bearing deposits increased only 2 basis points to 3.79%, reflecting relatively stable funding costs during the quarter.

Third Quarter 2026 vs. Third Quarter 2025
Net interest income increased by $1.9 million, or 9%, primarily driven by balance sheet growth and lower deposit rates. These favorable factors were partially offset by lower loan yields. As a result, the net interest margin increased by one basis point to 3.27%.
◦Loans: Interest income increased by $2.6 million, largely attributable to a $201.9 million increase in average loan balances, reflecting continued growth in CRE loans. The increase was partially offset by an 11-basis-point decline in loan yields, reflecting the impact of the federal funds rate cuts during the prior year and the repricing of adjustable-rate loans and newly originated loans.
◦Deposits: Interest expense increased by $463 thousand, mainly due to a $173.3 million increase in average interest-bearing deposit balances, driven mainly by growth in time deposits. The increase was partially offset by a 28-basis-point decline in costs of interest-bearing deposits, reflecting the repricing of time deposits and money market accounts following the federal funds rate cuts.

Provision for Credit Losses
($ in thousands)For the Three Months Ended $ Change 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
Provision for (reversal of) credit losses on loans$1,557 $(131)$1,206 $1,688 $351 
Provision for (reversal of) credit losses on off-balance sheet exposure40 (18)(31)58 71 
Provision for (reversal of) credit losses$1,597 $(149)$1,175 $1,746 $422 

Third Quarter 2026 vs. Second Quarter 2026
Provision for credit losses on loans increased by $1.7 million. The increase primarily reflected higher general reserve requirements associated with loan growth and changes in credit
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quality, including an increase in criticized loans. Higher specific reserves due to lower net collateral values of individually evaluated loans also contributed to the increase.
Third Quarter 2026 vs. Third Quarter 2025
Provision for credit losses on loans increased by $351 thousand. The increase primarily reflected higher specific reserves due to lower net collateral values of individually evaluated loans and higher general reserve requirements associated with loan growth, partially offset by lower qualitative reserve requirements.

Noninterest Income
($ in thousands)For the Three Months Ended% Change 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
Noninterest Income
Service charges on deposits$468 $515 $725 (9)%(35)%
Loan servicing fees, net of amortization980 974 724 1 35 
Gains on sale of loans3,277 3,370 2,037 (3)61 
Other income570 792 644 (28)(11)
Total noninterest income$5,295 $5,651 $4,130 (6)%28 %

Third Quarter 2026 vs. Second Quarter 2026
Noninterest income decreased by $356 thousand, or 6%, primarily driven by lower other income.

◦Gains on Sale of Loans: Decreased by $93 thousand, primarily reflecting a lower average premium rate, partially offset by higher SBA loan sales volume. The Bank sold $51.1 million in SBA loans at an average premium rate of 8.06%, compared with $49.1 million sold at an average premium rate of 8.17% in the prior period.
◦Other Income: Decreased by $222 thousand, mainly due to higher unrealized losses on CRA mutual funds from higher market interest rates.

Third Quarter 2026 vs. Third Quarter 2025
Noninterest income increased by $1.2 million, or 28%, primarily due to higher gains on sale of loans.
◦Gains on Sale of Loans: Increased by $1.2 million, 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 sold at an average premium rate of 6.71% in the prior period.

5

Noninterest Expense
($ in thousands)For the Three Months Ended% Change 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
Noninterest Expense
Salaries and employee benefits$9,452 $9,733 $8,892 (3)%6 %
Occupancy and equipment1,827 1,901 1,676 (4)9 
Data processing and communication513 380 263 35 95 
Professional fees1,129 454 419 149 169 
FDIC insurance and regulatory assessments385 387 428 (1)(10)
Promotion and advertising224 104 126 115 78 
Directors’ fees155 164 151 (5)3 
Foundation donation and other contributions750 811 671 (8)12 
Other expenses1,077 892 1,003 21 7 
Total noninterest expense$15,512 $14,826 $13,629 5 %14 %

Third Quarter 2026 vs. Second Quarter 2026
Noninterest expense increased by $686 thousand, or 5%, primarily due to higher professional fees.

◦Professional Fees: Increased by $675 thousand, primarily due to higher non-recurring legal and professional service expenses incurred during the quarter.

Third Quarter 2026 vs. Third Quarter 2025
Noninterest expense increased by $1.9 million, or 14%, primarily due to higher professional fees and salaries and employee benefits.

◦Salaries and Employee Benefits: Increased by $560 thousand, primarily due to staffing growth, annual salary adjustments effective April 2026, and higher incentive accruals associated with increased SBA loan production.
◦Professional Fees: Increased by $710 thousand, primarily due to higher non-recurring legal and professional service expenses compared to the prior year.

Income Tax Expense

Third Quarter 2026 vs. Second Quarter 2026
Income tax expense decreased by $434 thousand to $2.6 million, primarily due to lower pre-tax income and a lower effective tax rate. The effective tax rate decreased to 25.3% from 27.8%, primarily due to return-to-provision adjustments associated with the prior-year tax returns.

Third Quarter 2026 vs. Third Quarter 2025
Income tax expense decreased by $339 thousand to $2.6 million, primarily reflecting a lower effective tax rate, partially offset by higher pre-tax income. The effective tax rate decreased to 25.3% from 30.7%, mainly due to the absence of a one-time deferred tax asset
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revaluation recognized in the prior-year period and return-to-provision adjustments associated with the prior-year tax returns.

BALANCE SHEET HIGHLIGHTS

Loans
($ in thousands)As of% Change 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
CRE$1,199,046 $1,190,117 $1,092,808 1 %10 %
SBA302,201 278,554 256,211 8 18 
C&I186,444 221,623 214,419 (16)(13)
Home mortgage600,017 568,512 587,641 6 2 
Consumer & other121 255 138 (53)(12)
Gross loans$2,287,829 $2,259,061 $2,151,217 1 %6 %


The following table summarizes the loan activity for the periods indicated:
($ in thousands)For the Three Months Ended
3Q20262Q20263Q2025
Beginning Balance$2,259,061 $2,234,259 $2,071,580 
Originations149,094 169,340 130,695 
Net change in line utilization(27,340)35,399 31,167 
Purchases19,593 5,426 8,930 
Sales(51,102)(51,907)(36,136)
Payoffs & paydowns(84,652)(123,664)(71,526)
Other23,175 (9,792)16,507 
Total28,768 24,802 79,637 
Ending balance$2,287,829 $2,259,061 $2,151,217 
As of September 30, 2026 vs. June 30, 2026
Gross loans increased by $28.8 million or 1%, primarily reflecting lower CRE payoffs, partially offset by lower line utilization in C&I loans.
As of September 30, 2026 vs. September 30, 2025
Gross loans increased by $136.6 million or 6%, primarily driven by growth in CRE and SBA loans from originations, partially offset by lower line utilization in C&I loans.




7

The following table presents loan originations and the corresponding weighted average contractual rates for the periods indicated:
($ in thousands)For the Three Months Ended% Change in Amounts 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
AmountRateAmountRateAmountRate
CRE$51,654 6.30 %$92,042 6.78 %$98,799 6.36 %(44)%(48)%
SBA
29,611 7.96 32,403 7.94 15,051 8.72 (9)97 
C&I14,083 6.41 8,321 7.28 9,984 6.96 69 41 
Home mortgage53,746 6.09 36,574 5.94 6,861 6.69 47 683 
Gross loans (1)
$149,094 6.56 %$169,340 6.85 %$130,695 6.69 %(12)%14 %
(1)Excludes changes in line utilization.

The following table presents the composition of gross loans by interest rate type accompanied by the weighted average contractual rates as of the periods indicated:
($ in thousands)As of
3Q20262Q20263Q2025
%Rate%Rate%Rate
Fixed rate27 %5.78 %28 %5.77 %31 %5.61 %
Hybrid rate42 6.12 41 6.05 41 5.89 
Variable rate31 6.80 31 6.90 28 8.02 
Gross loans100 %6.24 %100 %6.24 %100 %6.40 %

The following table presents the maturity of gross loans by interest rate type accompanied by the weighted average contractual rates for the periods indicated:
($ in thousands)As of September 30, 2026
Within One YearOne Year Through Five YearsAfter Five YearsTotal
AmountRateAmountRateAmountRateAmountRate
Fixed rate$150,633 5.49 %$276,723 6.57 %$189,074 4.86 %$616,430 5.78 %
Hybrid rate— — 208,068 5.71 762,455 6.23 970,523 6.12 
Variable rate112,676 7.14 179,254 6.82 408,946 6.70 700,876 6.80 
Gross loans$263,309 6.20 %$664,045 6.37 %$1,360,475 6.18 %$2,287,829 6.24 %

8

Allowance for Credit Losses

The following table summarizes the activity in the allowance for credit losses for the periods presented:
($ in thousands)As of and For the Three Months Ended $ Change 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
Allowance for credit losses on loans, beginning$28,100 $28,406 $26,286 $(306)$1,814 
Provision for (reversal of) credit losses on loans
1,557 (131)1,206 1,688 351 
Gross charge-offs(922)(224)(195)(698)(727)
Gross recoveries101 49 2 52 99 
Net charge-offs(821)(175)(193)(646)(628)
Allowance for credit losses on loans, ending
$28,836 $28,100 $27,299 $736 $1,537 
Allowance for credit losses on off-balance sheet exposure, beginning$268 $286 $360 $(18)$(92)
Provision for (reversal of) credit losses on off-balance sheet exposure
40 (18)(31)58 71 
Allowance for credit losses on off-balance sheet exposure, ending
$308 $268 $329 $40 $(21)

9

Asset Quality
($ in thousands)As of and For the Three Months Ended% or Basis Point Change 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
Accruing loans 30-89 days past due$12,201 $10,486 $5,386 16 %127 %
As a % of gross loans0.53 %0.46 %0.25 %7 bps28 bps
Nonaccrual loans (1)(2)
$18,032 $16,372 $12,312 10 %46 %
Loans 90 days or more past due, accruing— 892 — (100)— 
Nonperforming loans (2)
18,032 17,264 12,312 4 46 
OREO— — 845 — (100)
Nonperforming assets (2)
$18,032 $17,264 $13,157 4 %37 %
Nonperforming loans to gross loans0.79 %0.76 %0.57 %3 bps22 bps
Nonperforming assets to gross loans & OREO0.79 0.76 0.61 3 bps18 bps
Nonperforming assets to total assets0.64 0.63 0.50 1 bps14 bps
Criticized loans (3)(4) by risk categories:
Special mention loans$51,728 $8,834 $8,695 486 %495 %
Classified loans (5)
25,828 24,594 19,380 5 33 
Total criticized loans$77,556 $33,428 $28,075 132 %176 %
Classified loans to gross loans1.13 %1.09 %0.90 %4 bps23 bps
Criticized loans to gross loans3.39 1.48 1.31 191 bps208 bps
Allowance for credit losses ratios:
As a % of gross loans1.26 %1.24 %1.27 %2 bps(1) bps
As a % of nonperforming loans160 163 222 (3)%(62)%
As a % of nonperforming assets160 163 207 (3)(47)
As a % of classified loans112 114 141 (2)(29)
As a % of criticized loans37 84 97 (47)(60)
Net charge-offs$821 $175 $193 NM325 %
Net charge-offs (6) to average gross loans
0.14 0.03 0.0411 bps10 bps
NM — Not Meaningful
(1)Excludes loans held-for-sale.
(2)Excludes the guaranteed portion of loans totaling $38.3 million, $30.5 million and $17.6 million as of September 30, 2026, June 30, 2026 and September 30, 2025, respectively.
(3)Excludes the guaranteed portion of loans totaling $43.5 million, $35.8 million and $20.8 million as of September 30, 2026, June 30, 2026 and September 30, 2025, respectively.
(4)Consists of special mention, substandard, doubtful and loss categories.
(5)Consists of substandard, doubtful and loss categories.
(6)Annualized.






10

Overall credit quality remained generally sound during the quarter. We believe the allowance for credit losses on loans remained adequate at 1.26% of gross loans as of September 30, 2026.
◦Accruing loans 30-89 days past-due increased by $1.7 million, primarily driven by two CRE loans totaling $7.7 million moving into this category, partially offset by $6.3 million of loans returning to less than 30 days past due, primarily home mortgage and SBA loans.
◦Nonperforming loans increased by $768 thousand, primarily driven by $2.2 million of loans migrating into nonaccrual status, partially offset by a $1.1 million decrease in the balances of existing nonperforming loans.
◦Criticized loans increased by $44.1 million, primarily driven by $45.7 million of loans newly entering the category during the quarter. The new additions were primarily CRE loans rated Special Mention.
◦Special Mention loans increased by $42.9 million, primarily driven by four relationships totaling $41.5 million. An $8.2 million C&I relationship and a $5.9 million CRE relationship were downgraded primarily due to DCR covenant shortfalls but remain current. A $6.2 million CRE loan is in early delinquency due to sponsor liquidity constraints, while a $21.3 million CRE developer relationship in downtown Los Angeles remains current and performing, with the property being marketed for sale. Management continues to closely monitor these relationships and believes there is a viable path toward a positive resolution through repayment or credit upgrades over the next few quarters.

Deposits
($ in thousands)As of% Change 3Q2026 vs.
3Q20262Q20263Q2025
Amount%Amount%Amount%2Q20263Q2025
Noninterest-bearing deposits$539,257 22 %$552,300 23 %$543,972 24 %(2)%(1)%
Money market deposits and others429,464 18 426,501 18 402,891 18 1 7 
Time deposits1,461,706 60 1,389,538 59 1,326,554 58 5 10 
Total deposits$2,430,427 100 %$2,368,339 100 %$2,273,417 100 %3 %7 %
As of September 30, 2026 vs. June 30, 2026
Total deposits increased by $62.1 million or 3%, primarily driven by a $72.2 million increase in time deposits. The growth was primarily attributable to higher retail time deposit balances from existing customer relationships and increased wholesale funding balances. These increases were partially offset by declines in noninterest-bearing deposits.
As of September 30, 2026 vs. September 30, 2025
Total deposits increased by $157.0 million or 7%, primarily driven by a $135.2 million increase in time deposits. The increase reflected continued growth in retail time deposit balances from both new and existing customer relationships, as customers continued to favor higher-yielding deposit products. Deposit growth also benefited from higher balances in wholesale time deposits and money market accounts.

11

The following table sets forth the maturity of time deposits as of September 30, 2026:
As of September 30, 2026
($ in thousands)Within Three
Months		Three to
Six Months		Six to Nine MonthsNine to Twelve
Months		After
Twelve Months		Total
Time deposits (greater than $250)$341,630 $280,753 $101,700 $92,911 $1,596 $818,590 
Time deposits ($250 or less)337,435 118,740 82,771 101,517 2,653 643,116 
Total time deposits$679,065 $399,493 $184,471 $194,428 $4,249 $1,461,706 
Weighted average rate3.95 %3.89 %3.96 %4.12 %3.46 %3.96 %

CAPITAL

On October 22, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.14 per share. The dividend is payable on or about November 19, 2026, to shareholders of record as of the close of business on November 5, 2026. The principal source of funds from which the Company pays dividends are the dividends received from the Bank. During the third quarter of 2026, no shares were repurchased under the repurchase program approved in August 2025.
OP Bancorp (1)
Open Bank (2)
Applicable Requirement (2)
Community Bank Leverage Ratio (“CBLR”) (2)
Tier 1 leverage9.09 10.01 8.00 
Risk-Based Capital Ratios (2):
Total capital13.52 %13.56 %N/A
Tier 1 capital11.18 12.31 N/A
CET1 capital11.18 12.31 N/A
(1)CBLR framework applies only to Open Bank, and OP Bancorp’s ratios are presented solely for information purposes.
(2)Effective September 30, 2026, Open Bank elected the CBLR framework. Accordingly, Open Bank is no longer subject to the risk-based capital ratio requirements applicable under the generally applicable capital rules. Total capital, Tier 1 capital, and CET1 capital ratios are presented for informational purposes only, while the Tier 1 leverage ratio remains the primary regulatory capital measure under the CBLR framework.

OP Bancorp (1)
% or Basis Point Change 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
Risk-Based Capital Ratios:
Total capital13.52 %13.32 %12.17 %20 bps135 bps
Tier 1 capital11.18 10.98 10.92 20 bps26 bps
CET1 capital11.18 10.98 10.92 20 bps26 bps
Tier 1 leverage9.09 9.21 9.01 (12) bps8 bps
Risk-weighted Assets ($ in thousands)$2,278,084 $2,267,359 $2,126,986 0 %7 %
(1)CBLR framework applies only to Open Bank, and OP Bancorp’s ratios are presented solely for information purposes.
12

ABOUT OP BANCORP

OP Bancorp, the holding company for Open Bank (the “Bank”), is a California corporation whose common stock is quoted on the Nasdaq Global Market under the ticker symbol, “OPBK.” The Bank operates a general commercial banking business in Los Angeles, Orange, and Santa Clara Counties in California, the Dallas metropolitan area in Texas, and Clark County in Nevada, serving small- and medium-sized businesses, professionals, and local residents with a particular focus on Korean and other Asian communities. The Bank currently operates twelve full-service branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park, Garden Grove and Santa Clara, California, Carrollton, Texas and Las Vegas, Nevada. The Bank also has one loan production office in Bellevue, Washington. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank in October 2010. Its headquarters is located at 1000 Wilshire Blvd., Suite 500, Los Angeles, California 90017. Phone: 213.892.9999; Website: www.myopenbank.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain matters set forth herein constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements that are not statements of historical fact are forward-looking, and readers should not construe these statements of assurances of expected or intended results, or of promises that management will take a given course of action or pursue the currently expected strategies and objectives. Forward-looking statements in this report include comments about the Company’s current business plans and expectations regarding future operating results, as well as management’s statements about expected future events and economic developments, plans, strategies and objectives. All such statements reflect the current intentions, beliefs and expectations of the Company’s executive management based on currently available information and current and expected market conditions. Forward-looking statements can sometimes be identified by the use of forward-looking language, such as “likely result in,” “expects,” “anticipates,” “estimates,” “forecasts,” “projects,” “intends to,” or may include other similar words or phrases, such as “believes,” “plans,” “trend,” “objective,” “continues,” “remains,” or similar expressions, or future or conditional verbs, such as “will,” “would,” “should,” “could,” “may,” “might,” “can,” or similar verbs. Readers should not construe these statements as assurances of a given level of performance, or as promises that we will take the actions our management currently expects.

Our forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected or could cause us to change plans or strategies or otherwise to take actions that differ from those we currently expect. The known risks and uncertainties that may have these effects are described in Part II, Item 1A, of our Quarterly Report on Form 10-Q for the period ended June 30, 2026 under the heading “Risk Factors”, and in our other filings with the Securities and Exchange Commission. You should read all forward-looking statements in the context of the foregoing and should not consider them to be reliable predictions of future events or as assurances of a particular level of performance or intended course of action. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise except as required by applicable law.

Contact
Investor Relations
OP Bancorp
Jaehyun Park
EVP & CFO
213.593.4865
jaehyun.park@myopenbank.com
13

CONSOLIDATED BALANCE SHEETS (unaudited)
($ in thousands, except share and per share data)As of% Change 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
Assets
Cash and due from banks$21,915 $21,812 $10,931 0 %100 %
Interest-bearing deposits with other banks220,984 153,239 155,817 44 42 
Cash and cash equivalents242,899 175,051 166,748 39 46 
AFS debt securities, at fair value187,146 202,506 200,760 (8)(7)
Other investments18,711 18,824 17,164 (1)9 
Loans held-for-sale6,160 21,305 6,480 (71)(5)
CRE1,199,046 1,190,117 1,092,808 1 10 
SBA302,201 278,554 256,211 8 18 
C&I186,444 221,623 214,419 (16)(13)
Home mortgage600,017 568,512 587,641 6 2 
Consumer and other 121 255 138 (53)(12)
Gross loans2,287,829 2,259,061 2,151,217 1 6 
Allowance for credit losses on loans(28,836)(28,100)(27,299)3 6 
Net loans2,258,993 2,230,961 2,123,918 1 6 
Premises and equipment, net5,185 5,298 6,995 (2)(26)
Accrued interest receivable10,338 10,172 10,337 2 0 
Servicing assets10,619 10,280 10,429 3 2 
Company owned life insurance24,159 23,975 23,437 1 3 
Deferred tax assets, net15,046 12,456 12,099 21 24 
Other real estate owned ("OREO")— — 845 — (100)
Operating right-of-use assets7,733 7,732 9,347 0 (17)
Other assets22,446 25,746 25,655 (13)(13)
Total assets$2,809,435 $2,744,306 $2,614,214 2 %7 %
Liabilities and Shareholders' Equity
Liabilities:
Noninterest-bearing$539,257 $552,300 $543,972 (2)%(1)%
Money market and others429,464 426,501 402,891 1 7 
Time deposits greater than $250818,590 746,386 667,883 10 23 
Other time deposits643,116 643,152 658,671 0 (2)
Total deposits2,430,427 2,368,339 2,273,417 3 7 
FHLB advances75,000 75,000 75,000 — — 
Subordinated note24,650 24,629 — 0 NM
Accrued interest payable16,524 15,949 15,968 4 3 
Operating lease liabilities9,752 9,865 11,826 (1)(18)
Other liabilities13,135 11,881 16,504 11 (20)
Total liabilities2,569,488 2,505,663 2,392,715 3 7 
Shareholders' equity:
Common stock73,018 73,018 72,984 — 0 
Additional paid-in capital12,254 12,128 11,658 1 5 
Retained earnings170,296 164,624 148,031 3 15 
Accumulated other comprehensive loss, net of tax(15,621)(11,127)(11,174)40 40 
Total shareholders’ equity239,947 238,643 221,499 1 8 
Total liabilities and shareholders' equity$2,809,435 $2,744,306 $2,614,214 2 %7 %
Shares of common stock outstanding, at period-end14,932,615 14,926,750 14,885,614 0 %0 %
Book value per share$16.07 $15.99 $14.88 1 %8 %
Shareholders' equity to asset ratio8.54 %8.70 %8.47 %(2)%1 %
NM — Not Meaningful
14

CONSOLIDATED STATEMENTS OF INCOME (unaudited)
($ in thousands, except share and per share data)For the Three Months EndedChange 3Q2026 vs.
3Q20262Q20263Q20252Q20263Q2025
Interest income
Interest and fees on loans$37,627 $35,731 $35,001 5 %8 %
Interest on AFS debt securities1,775 1,824 1,699 (3)4 
Other interest income1,975 638 1,822 210 8 
Total interest income41,377 38,193 38,522 8 7 
Interest expense
Interest on deposits17,905 16,891 17,442 6 3 
Interest on borrowings775 744 734 4 6 
Interest on subordinated note490 490 — —NM
Total interest expense19,170 18,125 18,176 6 5 
Net interest income22,207 20,068 20,346 11 9 
Provision for (reversal of) credit losses1,597 (149)1,175 NM36
Net interest income after provision for credit losses20,610 20,217 19,171 2 8 
Noninterest income
Service charges on deposits468 515 725 (9)(35)
Loan servicing fees, net of amortization980 974 724 1 35 
Gains on sale of loans3,277 3,370 2,037 (3)61 
Other income570 792 644 (28)(11)
Total noninterest income5,295 5,651 4,130 (6)28 
Noninterest expense
Salaries and employee benefits9,452 9,733 8,892 (3)6 
Occupancy and equipment1,827 1,901 1,676 (4)9 
Data processing and communication513 380 263 35 95 
Professional fees1,129 454 419 149 169 
FDIC insurance and regulatory assessments385 387 428 (1)(10)
Promotion and advertising224 104 126 115 78 
Directors’ fees155 164 151 (5)3 
Foundation donation and other contributions750 811 671 (8)12 
Other expenses1,077 892 1,003 21 7 
Total noninterest expense15,512 14,826 13,629 5 14 
Income before income tax expense10,393 11,042 9,672 (6)7 
Income tax expense2,630 3,064 2,969 (14)(11)
Net income$7,763 $7,978 $6,703 (3)%16 %
EPS - basic$0.52 $0.54 $0.45 $(0.02)$0.07 
EPS - diluted0.52 0.53 0.45 (0.01)0.07 
Weighted average shares:
- Basic14,932,61514,903,39814,885,6140 %0 %
- Diluted14,956,01814,942,13014,919,4740 0 
ROAA (1)
1.11 %1.18 %1.04 %(7) bps7 bps
ROAE (1)
12.94 13.61 12.36 (67) bps58 bps
Efficiency ratio (2)
56.40 57.64 55.68 (124) bps72 bps
NM — Not Meaningful
(1)Annualized.
(2)Represents noninterest expense divided by the sum of net interest income and noninterest income.
15

CONSOLIDATED STATEMENTS OF INCOME (unaudited)
($ in thousands, except share and per share data)For the Nine Months Ended
3Q20263Q2025Change
Interest income
Interest and fees on loans$108,237 $100,953 7 %
Interest on AFS debt securities5,360 4,632 16 
Other interest income4,510 5,461 (17)
Total interest income118,107 111,046 6 
Interest expense
Interest on deposits51,641 51,525 0 
Interest on borrowings2,198 2,036 8 
Interest on subordinated note1,470 — NM
Total interest expense55,309 53,561 3 
Net interest income62,798 57,485 9 
Provision for credit losses1,860 3,117 (40)
Net interest income after provision for credit losses60,938 54,368 12 
Noninterest income
Service charges on deposits1,446 2,742 (47)%
Loan servicing fees, net of amortization2,676 2,631 2 
Gains on sale of loans8,697 5,497 58 
Other income2,159 2,044 6 
Total noninterest income14,978 12,914 16 
Noninterest expense
Salaries and employee benefits28,461 26,743 6 
Occupancy and equipment5,539 4,841 14 
Data processing and communication1,304 865 51 
Professional fees1,982 1,244 59 
FDIC insurance and regulatory assessments1,190 1,421 (16)
Promotion and advertising448 514 (13)
Directors’ fees463 529 (12)
Foundation donation and other contributions2,286 1,863 23 
Other expenses2,898 3,460 (16)
Total noninterest expense44,571 41,480 7 
Income before income tax expense31,345 25,802 21 
Income tax expense8,370 7,206 16 
Net income$22,975 $18,596 24 %
EPS - basic$1.54 $1.25 $0.29 
EPS - diluted1.54 1.25 0.29 
Weighted average shares:
- Basic14,909,13314,867,6260 %
- Diluted14,941,35214,894,3090 %
ROAA (1)
1.13 %0.99 %14 bps
ROAE (1)
13.03 11.70 133 bps
Efficiency ratio (2)
57.31 58.92 (161) bps
NM — Not Meaningful
(1)Annualized.
(2)Represents noninterest expense divided by the sum of net interest income and noninterest income.
16

ASSET QUALITY BY LOAN TYPE
($ in thousands)3Q20262Q20263Q2025
Accruing delinquent loans 30-89 days past due by loan type:
CRE$6,150 $723 $— 
SBA— 3,173 1,390 
C&I— 26 617 
Home mortgage — 3,152 852 
Total 30-59 days6,150 7,074 2,859 
CRE1,521 — — 
SBA1,574 972 378 
C&I— 77 — 
Home mortgage 2,956 2,363 2,149 
Total 60-89 days6,051 3,412 2,527 
CRE7,671 723 — 
SBA1,574 4,145 1,768 
C&I— 103 617 
Home mortgage2,956 5,515 3,001 
Total accruing delinquent loans 30-89 days past due$12,201 $10,486 $5,386 
Nonaccrual loans (1) by loan type:
CRE$4,380 $3,747 $2,365 
SBA11,945 11,200 8,538 
C&I12 — — 
Home mortgage1,695 1,425 1,409 
Total nonaccrual$18,032 $16,372 $12,312 
Criticized loans (2) by loan type:
CRE$41,950 $7,217 $9,345 
SBA22,886 21,859 14,925 
C&I9,497 1,390 864 
Home mortgage3,223 2,962 2,941 
Total criticized$77,556 $33,428 $28,075 
(1)Excludes the guaranteed portion of loans that were in liquidation totaling $38.3 million, $30.5 million and $17.6 million as of September 30, 2026, June 30, 2026 and September 30, 2025, respectively.
(2)Excludes the guaranteed portion of loans that were in liquidation totaling $43.5 million, $35.8 million and $20.8 million as of September 30, 2026, June 30, 2026 and September 30, 2025, respectively.
17

AVERAGE BALANCE SHEET, INTEREST AND YIELD/RATE ANALYSIS
For the Three Months Ended
3Q20262Q20263Q2025
($ in thousands)Average
Balance		Interest Income/Expense
Average Yield/Rate(1)
Average
Balance		Interest Income/Expense
Average Yield/Rate(1)
Average
Balance		Interest Income/Expense
Average Yield/Rate(1)
Interest-earning assets:
Interest-bearing deposits with other banks$153,856 $1,469 3.74 %$128,022 $416 1.29 %
(2)
$134,263 $1,502 4.38 %
Other investments18,803 506 10.76 18,531 222 4.79 17,112 320 7.48 
AFS debt securities, at fair value197,843 1,775 3.59 206,877 1,824 3.53 199,766 1,699 3.40 
CRE1,203,069 19,385 6.39 1,171,097 18,691 6.40 1,065,460 16,689 6.21 
SBA327,567 6,568 7.95 314,060 6,077 7.76 286,556 6,841 9.47 
C&I218,623 3,758 6.82 206,978 3,517 6.82 188,146 3,537 7.46 
Home mortgage584,220 7,903 5.41 560,842 7,437 5.30 591,939 7,931 5.36 
Consumer and other646 13 7.82 293 9 11.76 129 3 9.86 
Loans (2)
2,334,125 37,627 6.41 2,253,270 35,731 6.36 2,132,230 35,001 6.52 
Total interest-earning assets2,704,627 41,377 6.08 2,606,700 38,193 5.87 2,483,371 38,522 6.16 
Noninterest-earning assets87,991 87,072 83,238 
Total assets$2,792,618 $2,693,772 $2,566,609 
Interest-bearing liabilities:
Money market deposits and others$453,649 $3,713 3.25 %$404,975 $3,174 3.14 %$425,248 $3,793 3.54 %
Time deposits1,420,357 14,192 3.96 1,392,628 13,717 3.95 1,275,417 13,649 4.25 
Total interest-bearing deposits1,874,006 17,905 3.79 1,797,603 16,891 3.77 1,700,665 17,442 4.07 
Borrowings81,359 775 3.78 81,816 744 3.65 76,250 734 3.82 
Subordinated note24,643 490 7.95 24,622 490 7.96 — — — 
Total interest-bearing liabilities1,980,008 19,170 3.84 1,904,041 18,125 3.82 1,776,915 18,176 4.06 
Noninterest-bearing liabilities:
Noninterest-bearing deposits534,053 518,218 528,926 
Other noninterest-bearing liabilities38,545 36,969 43,890 
Total noninterest-bearing liabilities572,598 555,187 572,816 
Shareholders’ equity240,012 234,544 216,878 
Total liabilities and shareholders’ equity$2,792,618 $2,693,772 $2,566,609 
Net interest income / interest rate spreads$22,207 2.24 %$20,068 2.05 %$20,346 2.10 %
Net interest margin3.27 %3.08 %3.26 %
Cost of deposits & cost of funds:
Total deposits / cost of deposits$2,408,059 $17,905 2.95 %$2,315,821 $16,891 2.93 %$2,229,591 $17,442 3.10 %
Total funding liabilities / cost of funds2,514,061 19,170 3.03 2,422,259 18,125 3.00 2,305,841 18,176 3.13 

18


For the Nine Months Ended
3Q20263Q2025
($ in thousands)Average
Balance
Interest Income/Expense
Average Yield/Rate (1)
Average
Balance
Interest Income/Expense
Average Yield/Rate (1)
Interest-earning assets:
Interest-bearing deposits with other banks$142,329 $3,212 2.98 %
(2)
$135,439 $4,522 4.40 %
Other investments18,194 1,298 9.51 16,851 939 7.43 
AFS debt securities, at fair value203,296 5,360 3.52 188,258 4,632 3.28 
CRE1,176,405 55,890 6.35 1,031,854 47,681 6.18 
SBA311,610 18,624 7.99 278,621 19,666 9.44 
C&I212,765 10,828 6.80 198,512 10,982 7.40 
Home mortgage570,146 22,848 5.34 568,811 22,612 5.30 
Consumer & other849 47 7.36 146 12 10.85 
Loans (3)
2,271,775 108,237 6.37 2,077,944 100,953 6.49 
Total interest-earning assets2,635,594 118,107 5.99 2,418,492 111,046 6.13 
Noninterest-earning assets84,005 81,505 
Total assets$2,719,599 $2,499,997 
Interest-bearing liabilities:
Money market deposits and others$417,510 $9,897 3.17 %$396,168 $10,463 3.53 %
Time deposits1,401,268 41,744 3.98 1,250,518 41,062 4.39 
Total interest-bearing deposits1,818,778 51,641 3.80 1,646,686 51,525 4.18 
Borrowings79,690 2,198 3.69 67,290 2,036 4.05 
Subordinated note
24,622 1,470 7.96 — — — 
Total interest-bearing liabilities1,923,090 55,309 3.85 1,713,976 53,561 4.18 
Noninterest-bearing liabilities:
Noninterest-bearing deposits523,061 532,867 
Other noninterest-bearing liabilities38,419 41,198 
Total noninterest-bearing liabilities561,480 574,065 
Shareholders’ equity235,029 211,956 
Total liabilities and shareholders’ equity$2,719,599 $2,499,997 
Net interest income / interest rate spreads$62,798 2.14 %$57,485 1.95 %
Net interest margin3.18 %3.17 %
Cost of deposits & cost of funds:
Total deposits / cost of deposits$2,341,839 $51,641 2.95 %$2,179,553 $51,525 3.16 %
Total funding liabilities / cost of funds2,446,151 55,309 3.02 2,246,843 53,561 3.19 
(1)Annualized.
(2)Interest income includes a one-time $739 thousand adjustment recorded during the second quarter of 2026 related to the correction of prior-period interest accruals on the Federal Reserve Bank account.
(3)Includes loans held-for-sale.
19
NASDAQ: OPBK OP Bancorp Earnings Presentation Parent Company of Open Bank • Los Angeles, California Third Quarter 2026 October 22, 2026 Exhibit 99.2

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Forward -Looking Statements Certain matters set forth herein constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements that are not statements of historical fact are forward looking. Forward-looking statements in this presentation include comments about the Company’s current business plans and expectations regarding future operating results, as well as management’s statements about expected future events and economic developments, plans, strategies and objectives. All such statements reflect the current intentions, beliefs and expectations of the Company’s executive management based on currently available information and current and expected market conditions. Forward-looking statements can sometimes be identified by the use of forward-looking language, such as “likely result in,” “expects,” “anticipates,” “estimates,” “forecasts,” “projects,” “intends to,” or may include other similar words or phrases, such as “believes,” “plans,” “trend,” “objective,” “continues,” “remains,” or similar expressions, or future or conditional verbs, such as “will,” “would,” “should,” “could,” “may,” “might,” “can,” or similar verbs. Readers should not construe these statements as assurances of a given level of performance, or as promises that we will take the actions our management currently expects. Our forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected, or that could cause us to change plans or strategies or otherwise to take actions that differ from those we currently expect. The known risks and uncertainties that may have these effects are described in Part II, Item 1A, of our Quarterly Report on Form 10-Q for the period ended June 30, 2026 under the heading “Risk Factors”, and in our other filings with the Securities and Exchange Commission. You should read all forward-looking statements in the context of the foregoing and should not consider them to be reliable predictions of future events or as assurances of a particular level of performance or intended course of action. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward- looking statement, whether as a result of new information, future developments or otherwise except as required by applicable law. 2

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 OP Bancorp At A Glance 9 1 12 branches ( 10 in California and 2 in other states ) & 1 LPO B R A N C H & L P O N E T W O R K Los Angeles County (7) Wilshire (HQ), Fashion District, Aroma, Olympic, Western, Gardena, Cerritos Orange County (2) Buena Park, Garden Grove Bay Area (1) Santa Clara Other states (2) Carrollton, TX · Las Vegas, NV Loan production office (1) Bellevue, WA Founded in 2005 as First Standard Bank and renamed Open Bank in 2010, OP Bancorp is the holding company for Open Bank; a commercial bank headquartered at 1000 Wilshire Blvd. in Los Angeles, serving small- and medium-sized businesses, professionals and local residents, with a particular focus on Korean and other Asian communities. Guided by a faith-based relationship banking philosophy, Open Bank is committed to supporting its communities through the Open Stewardship Foundation, including a pledge to contribute 10% of annual profits to community-focused initiatives. $2.81B Total assets $2.29B Gross loans $2.43B Total deposits ~14.9M Shares outstanding 3 As of September 30, 2026

 

THIRD QUARTER 2026 Financial Results

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Third Quarter 2026 Highlights Strong quarterly results were driven by loan and deposit growth and NIM expansion. Book value continued to increase, capital levels remained well-capitalized, and credit quality and allowance level remained sound. Profitability Net income $7.8M QoQ -3% | YoY +16% Diluted EPS $0.52 QoQ -$0.01 | YoY +$0.07 ROAA 1.11% QoQ -7 bps | YoY +7 bps ROAE 12.94% QoQ -67 bps | YoY +58 bps Balance sheet Avg. loans $2.33B QoQ +4% | YoY +10% Avg. deposits $2.41B QoQ +4% | YoY +8% Loan production $149M QoQ -12% | YoY +14% NIB deposits $539M or 22% QoQ -2% | YoY -1% Net interest income Net interest income $22.2M QoQ +11% | YoY +9% Net interest Margin 3.27% QoQ +19 bps | YoY +1 bp Avg. loan yields 6.41% QoQ +5 bps | YoY -11 bps Avg. deposit costs 2.95% QoQ +2 bps | YoY -15 bps Noninterest inc. & exp. Nonint. income $5.3M QoQ -6% | YoY +28% Nonint. expense $15.5M QoQ +5% | YoY +14% Loan sale gains $3.3M QoQ -3% | YoY +61% Efficiency ratio 56.40% QoQ -124 bps | YoY +72 bps Credit quality NCO / avg. loans 0.14% QoQ +11 bps | YoY +10 bps ACL / loans 1.26% QoQ +2 bps | YoY -1 bp NPL / loans 0.79% QoQ +3 bps | YoY +22 bps Criticized / loans 3.39% QoQ +191 bps | YoY +208 bps Capital Equity / assets 8.54% QoQ -16 bps | YoY +7 bps Book value / share $16.07 QoQ +$0.08 | YoY +$1.19 Dividend payout $2.1M or 27% QoQ +0% | YoY +17% Tier 1 leverage 9.09% QoQ -12 bps | YoY +8 bps 5

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Net Interest Income & Net Interest Margin Quarterly Trend ($ in millions) $20.3 $20.9 $20.5 $20.1 $22.2 3.26% 3.25% 3.19% 3.08% 3.27% 3Q25 4Q25 1Q26 2Q26 3Q26 Net interest income Net interest margin 3Q26 Bridge ($ in millions) −$1.0 −$0.0 +$1.9 +$1.3 $20.1 $22.2 2Q26 Loans Other assets Deposits Other liab. 3Q26 Net interest income increased 11% QoQ, primarily driven by solid loan growth. NIM expanded 19 bps during the quarter, reversing the prior quarter’s margin compression attributable to a one-time adjustment in other assets. 6 3.08% 2Q26 +16 bps Loans +12 bps Other assets -9 bps Deposits -0 bps Other liab. 3.27% 3Q26 Not to scale YoY +9%

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Average Loans & Deposits Average loans increased 4% QoQ, driven primarily by growth in the CRE and home mortgage portfolios. Average deposits also increased 4% QoQ, led by growth in money market & other and time deposit balances. Average Loans by Type (1) ($ in millions) $1,065 $1,119 $1,155 $1,171 $1,203 $592 $582 $565 $561 $584 $287 $283 $293 $314 $328$188 $220 $213 $207 $219 $2,132 $2,204 $2,227 $2,253 $2,334 3Q25 4Q25 1Q26 2Q26 3Q26 CRE Home mortgage SBA C&I Average Deposits by Type ($ in millions) $1,276 $1,342 $1,390 $1,393 $1,420 $529 $533 $517 $518 $534 $425 $390 $393 $405 $454 $2,230 $2,265 $2,300 $2,316 $2,408 3Q25 4Q25 1Q26 2Q26 3Q26 Time deposits Noninterest-bearing Money market & other (1) Amounts might not sum to totals as consumer & other loans are too small to be shown. 7 YoY +9% YoY +16% +14% (1%) +13% YoY +8% YoY +7% +1% +11%

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Loan Production and Portfolio Pricing Loan Production by Type ($ in millions) 76% 65% 63% 54% 35% 5% 6% 5% 22% 36% 11% 23% 25% 19% 20% 8% 6% 7% 5% 9% 6.69% 7.03% 6.87% 6.85% 6.56% 6.40% 6.22% 6.18% 6.24% 6.24% $131 $116 $132 $169 $149 3Q25 4Q25 1Q26 2Q26 3Q26 CRE Home mortgage SBA C&I New loans WAC Total WAC 3Q26 Portfolio Weighted Average Contractual Rate (“WAC”) Bridge Loan production mix shifted toward home mortgage and C&I as CRE originations moderated. New loans were priced above the portfolio average, but higher-rated payoffs and other balance changes kept the overall loan yield stable. 8 6.24% Beginning WAC +2 bps New loans −1 bp Closed loans −1 bp Existing 6.24% Ending WAC Closed Loans ($ in millions) and WAC $51 $59 $80 $95 $50 7.34% 7.27% 6.23% 6.22% 6.63% 3Q25 4Q25 1Q26 2Q26 3Q26

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Loan Repricing and Maturity Variable-rate loans represented 31% of total loans at quarter-end. Of the 42% hybrid-rate portfolio, 9% is expected to reprice within one year and 33% within one to five years. 9 Composition by Interest Rate Type (%) 31% 31% 29% 28% 27% 41% 40% 40% 41% 42% 28% 29% 31% 31% 31% 3Q25 4Q25 1Q26 2Q26 3Q26 Fixed Hybrid Variable 7% 12% 8% 9% 33%31% Within 1 year 1 to 5 years Over 5 years Fixed Hybrid Variable (1) Fixed-rate loans reflect contractual maturities. Hybrid and variable-rate loans reflect next repricing dates. Variable and hybrid loans in certain maturity buckets are not shown due to their immaterial balances. 3Q26 breakdown by repricing / maturity (1)

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Deposits Noninterest-bearing deposit balances declined, reflecting a competitive funding environment. Most time deposits are expected to mature within six months and reprice at higher rates, contributing to near-term increases in deposit costs. 10 Time Deposit Maturity ($ in millions) and Average Cost $679 $400 $185 $194 $4 3.95% 3.89% 3.96% 4.12% 3.46% Within 3M 3-6M 6-9M 9-12M After 12M Noninterest-Bearing Deposits ($ in millions) $544 $521 $547 $552 $539 24% 23% 24% 23% 22% 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest-bearing % of total deposits

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Average Loan Yields and Deposit Costs Loan yields increased 5 bps during the quarter, outpacing the 2 bps increase in deposit costs and contributing to NIM expansion. 11 6.21% 6.25% 6.26% 6.40% 6.39% 5.36% 5.42% 5.31% 5.30% 5.41% 9.47% 9.21% 8.28% 7.76% 7.95% 7.46% 6.93% 6.77% 6.82% 6.82% 3.54% 3.30% 3.10% 3.14% 3.25% 4.25% 4.16% 4.04% 3.95% 3.96% 3Q25 4Q25 1Q26 2Q26 3Q26 Average Loan Yields and Deposit Costs by Type (1) (1) Consumer & other loans are excluded due to their immaterial impact on avg. loan yield. 3.10% 3.03% 2.97% 2.93% 2.95% 4.31% 3.91% 3.64% 3.63% 3.65% 3.26% 3.25% 3.19% 3.08% 3.27% 6.52% 6.48% 6.33% 6.36% 6.41% 3Q25 4Q25 1Q26 2Q26 3Q26 Average Loan Yields, Deposit Costs and NIM Avg. loan yields Avg. deposit costs Fed funds effective NIM CRE Home Mortgage SBA C&I Money market & other Time Deposits

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Noninterest Income Noninterest Income by Component ($ in thousands) $2,037 $1,573 $2,050 $3,370 $3,277 $724 $650 $722 $974 $980 $644 $733 $797 $792 $570 $725 $462 $463 $515 $468 $4,130 $3,418 $4,032 $5,651 $5,295 0.64% 0.51% 0.61% 0.84% 0.75% 3Q25 4Q25 1Q26 2Q26 3Q26 SBA 7(a) Loan Production & Sales ($ in millions) $30 $49 $50 $67 $61 $37 $29 $32 $49 $51 6.71% 6.98% 8.27% 8.17% 8.06% 5.53% 5.51% 6.36% 6.86% 6.41% 3Q25 4Q25 1Q26 2Q26 3Q26 SBA production SBA loans sold Premium rate Net gain rate The decrease in noninterest income was primarily driven by higher unrealized losses on CRA mutual funds resulting from rising market interest rates. Gains on loan sales also declined modestly due to a lower average sales premium rate. 12 Noninterest Income as % of Total Revenue 17% 14% 16% 22% 19% 3Q25 4Q25 1Q26 2Q26 3Q26 Service charges on deposits Loan servicing fees, net Gains on sale of loans Other income Noninterest income / avg. assets (annualized)

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Noninterest Expense Noninterest Expense by Component ($ in thousands) $8,892 $9,244 $9,276 $9,733 $9,452 $1,676 $1,919 $1,811 $1,901 $1,827 $3,061 $3,130 $3,146 $3,192 $4,233 $13,629 $14,293 $14,233 $14,826 $15,512 2.11% 2.15% 2.16% 2.21% 2.20% 3Q25 4Q25 1Q26 2Q26 3Q26 Efficiency Ratio (%) 55.68% 58.87% 57.97% 57.64% 56.40% 3Q25 4Q25 1Q26 2Q26 3Q26 Number of Full-Time Equivalent Employees 250 249 253 256 252 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest expense increased primarily due to higher non-recurring legal and professional service expenses incurred during the quarter. 13 Salaries & benefits Occupancy & equipment Other expense Noninterest expense / avg. assets (annualized)

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Credit Quality Nonperforming Loans by Type ($ in millions) $2.4 $3.4 $7.3 $3.7 $4.4 $1.4 $0.6 $1.4 $1.7 $8.5 $9.8 $10.6 $12.1 $11.9 $12.3 $14.1 $18.3 $17.3 $18.0 0.57% 0.64% 0.82% 0.76% 0.79% 3Q25 4Q25 1Q26 2Q26 3Q26 CRE Home mortgage SBA C&I NPL / Gross loans Criticized Loans by Risk Grade ($ in millions) $19.4 $21.2 $23.1 $24.6 $25.8 $8.7 $10.9 $10.1 $8.8 $51.7 $28.1 $32.1 $33.2 $33.4 $77.6 1.31% 1.46% 1.49% 1.48% 3.39% 3Q25 4Q25 1Q26 2Q26 3Q26 Classified Special mention Criticized / Gross loans 14 Nonperforming loans increased modestly, with SBA remaining the largest component. The increase in criticized balances was concentrated in Special Mention loans, primarily within the CRE portfolio.

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Allowance for Credit Losses on Loans ACL & ACL / Gross Loans ($ in thousands) $27,299 $27,975 $28,406 $28,100 $28,836 1.27% 1.28% 1.27% 1.24% 1.26% 3Q25 4Q25 1Q26 2Q26 3Q26 Allowance for credit losses ACL / Gross loans Provision & Net Charge-Offs ($ in thousands) $1,175 $463 $412 -$149 $1,597 $193 -$158 -$31 $175 $821 0.04% -0.03% -0.01% 0.03% 0.14% 3Q25 4Q25 1Q26 2Q26 3Q26 Provision Net charge-offs Net charge-offs / Avg loans The increase in provision expense was primarily driven by loan growth and changes in criticized loan balances. Net charge-offs remained relatively low, and our allowance remained adequate. 15

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Capital Capital Return ($ in millions) 73% 75% 75% 74% 73% 27% 25% 25% 26% 27% $6.7 $7.0 $7.2 $8.0 $7.8 8.47% 8.60% 8.62% 8.70% 8.54% 3Q25 4Q25 1Q26 2Q26 3Q26 Net income retained Cash dividend payout Total equity / total assets 13.52% 11.18% 11.18% 9.09% 13.56% 12.31% 12.31% 10.01% 8.00% Total capital Tier 1 CET1 Tier 1 leverage OP Bancorp Open Bank CBLR requirement Capital Ratios as of September 30, 2026 Book Value per Share ($) $14.88 $15.31 $15.62 $15.99 $16.07 3Q25 4Q25 1Q26 2Q26 3Q26 Book value continued to grow while returning 27% of net income to shareholders through cash dividends. Capital levels remained well- capitalized. 16 YoY +8%

 

SUPPLEMENTAL INFORMATION Appendix

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 CRE by LTV, Geography and Property Type CRE LTV DISTRIBUTION (1) GEOGRAPHIC MIX ≤ 50% 49% >50% – 60% 27% >60% – 70% 21% >70% 3% LA County 51% Other Southern CA 23% Northern & Central CA 13% Out of state 13% Property type Balance Avg. size LTV Gas Station $239.0 $2.3 52% Retail – Multiple Tenants $180.4 $2.2 47% Industrial Building $153.1 $2.4 44% 5+ Residential (Apt.) $114.7 $2.9 57% Hotel or Motel $110.4 $2.2 41% TOP 5 PROPERTY TYPES ($ in millions) 49% LTV (1) Weighted average LTV is based on most recent LTV, using most recent available appraisal; loans with no LTV or zero balance are included in the ≤ 50% band. Balances are CRE only and exclude SBA real estate. 87% California Our CRE portfolio maintains relatively low LTVs with diversified exposure across multiple property types, including gas stations, retail, and industrial buildings. California remains the primary market, representing 87% of outstanding balances. 18

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 SBA by Geography, Property Type and LTV Property type Balance Avg. size LTV Hotel or Motel $134 $0.8 71% Gas Station $56 $0.5 96% Retail – Single Tenant $34 $0.3 86% Industrial Building $9 $0.3 70% Retail – Multiple Tenants $8 $0.3 90% TOP 5 PROPERTY TYPES – SBA RE ($ in millions) SBA RE LTV (1) DISTRIBUTION ($ in millions) SBA lending extends our market reach beyond California. SBA RE loans comprise most of the portfolio, with hotel and gas station properties representing the largest exposures and carrying higher LTVs than our CRE portfolio. $277 SBA RE ≤ 50% >50% – 60% >60% – 70% >70% GEOGRAPHY MIX ($ in millions) California 44% Other states 56% CALIFORNIA BREAKDOWN OTHER STATES BREAKDOWN $75 $40 $31 $12 $11 All other states TX WA GA CO $55 $46 $32 LA County Other Southern CA Northern & Central CA (1) Weighted average LTV is based on most recent LTV, using most recent available appraisal. 8% 13% 15% 64% 19

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Home Mortgage by LTV and Geography DISTRIBUTION BY LTV (1) GEOGRAPHIC MIX ≤ 50% 23% >50% – 60% 31% >60% – 70% 43% >70% – 80% 3% LA County 43% Other Southern CA 33% Northern & Central CA 17% Out of state 7% Home mortgage balances are spread across California, with less than half concentrated in Los Angeles County. 97% of balances carry LTVs of 70% or less, providing a collateral cushion based on available appraisals. 56% LTV (1) Weighted average LTV is based on most recent LTV, using most recent available appraisal. 93% California 20

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 ACL Composition and Coverage by Loan Type ACL Allocation ($ in Millions) ACL Coverage SBA Coverage by Risk Rating CRE $12.7 44% SBA RE $6.3 22% Home Mortgage $7.7 27% C&I $1.5 5% SBA Non-RE $0.6 2% Consumer $0.0 0% Total 1.26% SBA RE 2.28% SBA Non-RE 2.60% Home Mortgage 1.28% CRE 1.06% Consumer 1.23% C&I 0.82% Total 2.28% SBA RE Total 2.60% Pass 1.65% Special Mention 4.28% Substandard 4.43% SBA Non-RE Pass 1.86% Special Mention 7.68% Substandard 8.13% Largest allowance allocations are assigned to CRE and home mortgage portfolios, while SBA loans carry a higher allowance coverage ratio relative to outstanding balances. 21

 

OP BANCORP • NASDAQ: OPBK | Third Quarter 2026 Liquidity Liquid Assets (1) ($ in millions) $368 $360 $369 $378 $430 14.1% 13.6% 13.7% 13.8% 15.3% 3Q25 4Q25 1Q26 2Q26 3Q26 On-balance-sheet liquidity % of total assets Total Available Liquidity (2) ($ in millions) $741 $752 $722 $747 $736 28.4% 28.4% 26.7% 27.2% 26.2% 3Q25 4Q25 1Q26 2Q26 3Q26 Total available liquidity % of total assets On-balance-sheet liquidity increased during the quarter, while maintaining substantial contingent funding capacity through FHLB, FRB, and other correspondent bank lines. 22 (1) Includes cash and cash equivalents and available-for-sale securities. (2) Includes available borrowing capacity from FHLB, FRB and other correspondent banks.

 

OP BANCORP • NASDAQ: OPBK Thank You Investor Relations: Jaehyun Park, EVP & CFO jaehyun.park@myopenbank.com www.myopenbank.com

 


Exhibit 99.3

glszw3dnp04p000001a.jpg
OP Bancorp Declares Quarterly Cash Dividend of $0.14 per Share
LOS ANGELES, October 22, 2026 — OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that its Board of Directors declared a quarterly cash dividend of $0.14 per share. The dividend is payable on or about November 19, 2026 to shareholders of record as of the close of business on November 5, 2026.
About OP Bancorp
OP Bancorp, the holding company for Open Bank (the “Bank”), is a California corporation whose common stock is quoted on the Nasdaq Global Market under the ticker symbol, “OPBK.” The Bank operates a general commercial banking business in Los Angeles, Orange, and Santa Clara Counties in California, the Dallas metropolitan area in Texas, and Clark County in Nevada, serving small- and medium-sized businesses, professionals, and local residents with a particular focus on Korean and other Asian communities. The Bank currently operates twelve full-service branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park, Garden Grove and Santa Clara, California, Carrollton, Texas and Las Vegas, Nevada. The Bank also has one loan production office in Bellevue, Washington. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank in October 2010. Its headquarters is located at 1000 Wilshire Blvd., Suite 500, Los Angeles, California 90017. Phone: 213.892.9999; Website: www.myopenbank.com. Member FDIC, Equal Housing Lender.
Contact
Investor Relations
OP Bancorp
Jaehyun Park
EVP & CFO
213.593.4865
jaehyun.park@myopenbank.com


Source: View Original Filing on SEC EDGAR

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