Welcome to our dedicated page for OP Bancorp SEC filings (Ticker: OPBK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
OP Bancorp filings document the public-company disclosures of a California bank holding company whose primary operating subsidiary is Open Bank. Its Form 8-K reports cover preliminary quarterly and annual financial results, Regulation FD investor presentations, cash dividend declarations, and other material events tied to the bank’s operating performance and capital management.
The filing record also includes definitive proxy materials and shareholder-vote disclosures covering director elections, advisory executive-compensation matters, auditor ratification, and annual meeting results. Capital-structure filings document completed financing actions, including a private placement of fixed-to-floating rate subordinated debt designed to qualify as Tier 2 capital, along with related use-of-proceeds and redemption terms.
OP Bancorp, the holding company for Open Bank, is a Los Angeles‑based community bank focused on small and medium‑sized businesses and Korean‑American customers. It operates twelve full‑service branches across California, Texas and Nevada plus five loan production offices in several other states.
The company offers diversified lending across CRE, C&I, SBA, residential mortgage, warehouse and consumer loans, funded primarily by core deposits. It emphasizes a faith‑based, relationship‑banking culture and has committed to contribute 10% of consolidated after‑tax net income annually to the Open Stewardship Foundation, donating about $22.1 million through December 31, 2025. Key risks include geographic and sector concentration, CRE exposure, reliance on SBA programs, cybersecurity and third‑party vendors, intense competition, regulatory burden, interest‑rate and liquidity pressures, and a perpetual coexistence agreement that limits use of the “Open Bank” name outside specified U.S. markets.
OP Bancorp’s Chief Financial Officer Jaehyun Park reported an open-market sale of 958 shares of common stock at $12.91 per share. This transaction reduced Park’s directly held common stock to zero shares, and the filing shows no remaining stock options or other derivatives.
OP Bancorp Chief Financial Officer Jaehyun Park reported equity compensation activity involving restricted stock units and common shares. On March 3, 2026, 1,535 restricted stock units were exercised into 1,535 shares of common stock at a stated price of $0.00 per share.
On the same date, 577 common shares were disposed of at $13.39 per share in a tax-withholding transaction related to this equity award, leaving 958 common shares directly owned after the withholding. Following the RSU exercise, 6,140 restricted stock units remained directly held.
OP Bancorp Chief Technology Officer Won Wesley reported an equity award vesting and related share withholding. On March 3, 2026, 1,443 restricted stock units were exercised into 1,443 shares of common stock at a stated price of $0.00 per share. To cover tax obligations, 542 common shares were disposed of at $13.39 per share. After these transactions, Wesley directly held 30,611 shares of common stock and 5,771 restricted stock units.
OP Bancorp Chief Lending Officer Jimmy M. Bang reported equity award activity. On February 24, he exercised 1,861 restricted stock units, converting them into 1,861 shares of common stock at a price of $0.00 per share. To cover tax obligations, 699 common shares were disposed of at $13.28 per share through a tax-withholding transaction, rather than an open-market sale. After these transactions, he directly held 5,352 shares of common stock and 1,859 restricted stock units. The footnotes note that he was originally granted 9,303 restricted stock units on February 24, 2022, vesting in five equal annual installments starting one year after the grant date.
OP Bancorp, the holding company for Open Bank, filed a current report detailing several shareholder updates. The company issued a press release with preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2025, and furnished an accompanying earnings presentation for use with investors and analysts.
The board of directors also declared a quarterly cash dividend of $0.12 per share on common stock, payable on February 19, 2026 to shareholders of record as of February 5, 2026. The results press release, dividend announcement, and earnings presentation are included as Exhibits 99.1, 99.2, and 99.3.
OP Bancorp completed a private placement of $25 million fixed-to-floating rate subordinated notes due November 15, 2035. The notes pay a 7.50% fixed rate from issuance to, but excluding, November 15, 2030, with interest paid semi-annually on May 15 and November 15, beginning May 15, 2026.
After November 15, 2030 and until maturity or earlier redemption, the interest rate resets quarterly to the three-month term SOFR plus 411 basis points, with interest paid quarterly on February 15, May 15, August 15 and November 15. The company may redeem the notes, in whole or in part, at its option any time after the fifth anniversary of issuance, subject to required regulatory approvals.
The notes were issued without registration under Section 4(a)(2) and are designed to qualify as Tier 2 capital under applicable bank capital rules. OP Bancorp intends to use the net proceeds for general corporate purposes, including strengthening the regulatory capital of Open Bank and supporting growth.
OP Bancorp reported higher quarterly profitability and balance sheet growth for the period ended September 30, 2025. Net income rose to $6.7 million from $5.4 million a year ago, and diluted EPS was $0.45 versus $0.36. Net interest income increased to $20.3 million from $16.5 million, as loan yields and volumes supported earnings despite similar total interest expense.
Total assets reached $2.61 billion, up from $2.37 billion at year-end. Net loans grew to $2.12 billion from $1.93 billion, while deposits expanded to $2.27 billion from $2.03 billion, with noninterest-bearing balances at $544 million. The allowance for credit losses increased to $27.3 million and nonaccrual loans were $12.3 million. Accumulated other comprehensive loss improved to $(11.2) million from $(15.4) million. Shareholders’ equity rose to $221.5 million. The company declared a quarterly dividend of $0.12 per share. Subsequent event: on November 7, 2025, it completed a private offering of $25.0 million subordinated notes, fixed at 7.50% for five years, then floating at 3‑month SOFR plus 411 bps.
OP Bancorp reported two updates. The company furnished a press release with preliminary unaudited financial results for the quarter ended September 30, 2025, and posted an investor presentation for use with analysts and investors.
The Board declared a $0.12 per-share quarterly cash dividend on common stock, payable on November 20, 2025 to shareholders of record on November 6, 2025. The earnings press release (Exhibit 99.1), dividend press release (Exhibit 99.2), and earnings presentation (Exhibit 99.3) were furnished on October 23, 2025.
The company stated that the materials under Items 2.02, 7.01, and the dividend press release are furnished and not filed under the Exchange Act or Securities Act except as expressly incorporated by reference.