OP Bancorp 2026季度报告

SECURITIES AND EXCHANGE COMMISSION OP BANCORP Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth 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 newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Number of shares outstanding of the Registrant’s Common Stock as of April30, 2026 was 14,894,239. Table of Contents Forward-Looking Statements PART I - FINANCIAL INFORMATION Item 1.Financial Statements (unaudited)Consolidated Balance SheetsConsolidated Statements of Income PART II - OTHER INFORMATION Item 1.Legal Proceedings51Item 1A.Risk Factors51 INTRODUCTION This Quarterly Report on Form 10-Q (this "Form 10-Q") is filed by OP Bancorp, a California corporation and aregistered bank holding company (“Company”) with respect to its consolidated financial condition, results of operations,and business as of March31, 2026. The Company’s primary business operations are conducted through its wholly owned FORWARD-LOOKING STATEMENTS Certain matters set forth herein constitute “forward-looking statements” within the meaning of Section 21E of theSecurities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements that are notstatements of historical fact are forward-looking. Forward-looking statements in this report include comments about theCompany’scurrent business plans and expectations regarding future operating results,as well as management’sstatementsabout expected future events and economic developments,plans,strategies and objectives. All suchstatements reflect the current intentions, beliefs and expectations of the Company’s executive management based oncurrently available information and current and expected market conditions. Forward-looking statements can sometimes Our forward-looking statements are subject to risks and uncertainties that could cause actual results, performanceor achievements to differ materially from those projected, or that could cause us to change plans or strategies or otherwiseto take actions that differ from those we currently expect. The known risks and uncertainties that may have these effectsare described in Part II, Item 1A, of this Form 10-Q, 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 PART I - FINANCIAL INFORMATION OP BANCORP AND SUBSIDIARYNOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 1 — Basis of Presentation and Significant Accounting Policies OP Bancorp (referred to herein on an unconsolidated basis as "OP Bancorp" and on a consolidated basis as the"Company") is a California corporation and the registered bank holding company for Open Bank ("Open Bank" or the The accompanying unaudited Consolidated Financial Statements and notes thereto have been prepared inaccordance with the Securities and Exchange Commission's (“SEC”) rules and regulations for Form 10-Q, conform topractices within the banking industry, and include all of information and disclosures required by Generally AcceptedAccounting Principles in the United States of America (“GAAP”) for interim financial reporting. The accompanyingunaudited consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments),which are necessary for a fair presentation of the financial results for the interim periods presented, including eliminatingintercompany transactions and balances. Certain items in our Consolidated Financial Statements and notes for prior Accounting Pronouncements Adopted in 2026 The following standards were adopted on January 1, 2026, but they did not have a material impact on theCompany's Consolidated Financial Statements: Note 2 — Securities The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of AFS debtsecurities as of March31, 2026 and December31, 2025: Expected maturities may differ from contractual maturities on certain securities as the issuers and borrowers ofthe underlying collateral may have the right to call or prepay obligations with or without call or prepayment penalties. The The following tables present the fair values and the associated gross unrealized losses of