OP Bancorp
OP Bancorp is a U.S. bank holding company headquartered in Los Angeles, California, operating through its wholly owned subsidiary Open Bank. The company provides commercial community banking services, including lending, deposits, and related banking products, with a focus on small and medium-sized businesses, their owners, retail customers, and Korean-American communities in its core markets.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueLoans to businesses and property owners, including CRE, C&I, and SBA lending.
Home mortgage and consumer loans offered to individual customers.
Core deposit accounts used to fund lending and provide transaction services.
Deposit-related fees and SBA loan sale/service gains.
Customers
OP Bancorp serves small and medium-sized businesses, business owners, and retail customers, with a particular emphasis on Korean-American communities. Its lending and deposit relationships are built around relationship banking in local markets where the bank has branches and loan production offices. The customer base also includes borrowers seeking SBA financing, commercial real estate funding, and mortgage products.
Buy CRE, C&I, and SBA loans plus deposit services to support operations and expansion.
Use commercial banking, deposits, and mortgage products tied to personal and business needs.
Choose the bank for language/cultural familiarity, local presence, and relationship banking.
Buy deposit accounts and home mortgage or consumer loan products.
Seek government-guaranteed business loans and related servicing/sale capabilities.
Strategy
The company’s strategy is centered on relationship-based community banking, organic expansion, and disciplined underwriting in markets where it has local knowledge and physical presence. It aims to grow loans and deposits through its branch network, SBA activity, and selective use of additional markets while preserving asset quality and customer relationships.
Physical presence supports deposit gathering, lending relationships, and local market knowledge.
Spreads credit exposure across CRE, C&I, SBA, mortgage, and consumer lending.
Stable local deposits reduce reliance on wholesale funding and support lending capacity.
Geography
OP Bancorp is headquartered in Los Angeles and conducts most of its business in Southern California, especially the Los Angeles and Orange County markets. It also operates branches in Santa Clara, Texas, and Nevada, with loan production offices in California, Georgia, Colorado, Washington, and Virginia. The company’s deposit base is locally generated, and its geographic concentration makes local economic and real estate conditions especially important.
Risks
The main risks come from geographic concentration, credit quality, and dependence on local economic and real estate conditions in Southern California. As a bank, it is also exposed to interest rate movements, deposit competition, cyber/security incidents, and regulatory requirements that can affect funding costs, loan performance, and operating continuity.
- Geographic concentration in Southern CaliforniaImpact: HighLikelihood: Medium
A large share of business comes from one metro area, limiting diversification across markets.
Exposure - Commercial real estate and local credit riskImpact: HighLikelihood: Medium
Loan performance depends on property values, borrower cash flow, and local economic conditions.
Exposure: CRE and related collateral in core markets
- Interest rate and funding riskImpact: HighLikelihood: Medium
Net interest income depends on repricing of loans, deposits, and borrowings.
Exposure - Cybersecurity and operational disruptionImpact: HighLikelihood: Medium
Banking relies on communications and technology systems for customer access and processing.
Exposure: Online/mobile banking and internal systems
- Regulatory and competitive pressureImpact: MediumLikelihood: Medium
Banks face capital, compliance, and pricing pressure from larger institutions and nonbanks.
Exposure: Community banking and deposit competition
Accounting
Judgemental itemsManagement estimates expected losses using loan growth, historical loss factors, and risk ratings.
Impact: Affects provision expense, reserve levels, and reported earnings
Interest recognition depends on loan performance and accrual status.
Impact: Affects net interest income and yield trends
Fee income can depend on the timing and volume of SBA loan sales.
Impact: Affects noninterest income and quarter-to-quarter comparability
Branch and office leases create recurring rent and right-of-use asset/liability balances.
Impact: Affects occupancy expense and balance sheet presentation
Similar listed companies
Publicly listed companies with a comparable business focus.
Hope Bancorp, Inc
HOPE · National Commercial Banks
California BanCorp \ CA
BCAL · National Commercial Banks
California BanCorp is a California-based bank holding company headquartered in Del Mar, with its core banking operations conducted through California Bank of Commerce, N.A.
Private Bancorp of America, Inc.
PBAM · National Commercial Banks
PCB Bancorp
PCB · State Commercial Banks
PCB Bancorp is a California-based bank holding company whose main operating subsidiary is PCB Bank, a state-chartered commercial bank.
Oak Valley Bancorp
OVLY · State Commercial Banks
Oak Valley Bancorp is the bank holding company for Oak Valley Community Bank, a California community bank focused on general commercial banking.
RBB Bancorp
RBB · State Commercial Banks
RBB Bancorp is a U.S.
Last updated: 24/09/2026