The bank maintains a stable capital structure with an equity-to-assets ratio of 0.09, supporting a total asset base that has grown from $2.1 billion in 2023Q4 to $2.7 billion by 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Cash & Short Term Investments | 976.16M | 434M | 135.06M | 285.56M | 292.78M | 265.9M | 198.1M | 142.59M | 133.06M | 104.72M | 55.59M | 81.29M | 84.61M | 27.98M | 33.16M |
| Cash & Due from Banks | 160.26M | 434M | 135.04M | 91.31M | 82.97M | 115.46M | 106.31M | 86.04M | 77.73M | 63.25M | 20.13M | 37.4M | 64.75M | 18.51M | 25.15M |
| Short Term Investments | 9.5M | 30K | 22K | 194.25M | 209.81M | 150.44M | 91.79M | 56.55M | 55.34M | 41.47M | 35.46M | 43.89M | 19.86M | 9.46M | 8.01M |
| Total Investments | 2.44B | 2.54B | 2.13B | 1.94B | 1.93B | 1.55B | 1.21B | 1.05B | 928.77M | 800.38M | 703.43M | 550.36M | 436.35M | 305.17M | 166.1M |
| Investments Growth % | 49.43% | 19.62% | 9.4% | 0.95% | 24.31% | 27.69% | 15.75% | 12.83% | 16.04% | 13.78% | 27.81% | 26.13% | 42.99% | 83.73% | - |
| Long-Term Investments | 9.55B | 2.54B | 2.13B | 1.75B | 1.72B | 1.4B | 1.12B | 991.36M | 873.43M | 758.91M | 667.96M | 506.48M | 416.48M | 295.7M | 158.08M |
| Accounts Receivables | 10.68M | 10.48M | 9.19M | 8.26M | 7.18M | 4.58M | 3.98M | 3.17M | 3.07M | 2.46M | 2M | 1.56M | 1.17M | 819.65K | 492.57K |
| Goodwill & Intangibles | 9.83M | 0 | 10.83M | 11.74M | 12.76M | 12.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 9.83M | 0 | 10.83M | 11.74M | 12.76M | 12.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 5.52M | 14.55M | 12.86M | 13.74M | 13.5M | 13.26M | 11.33M | 13.48M | 4.63M | 4.48M | 5.07M | 5.89M | 4.95M | 3.15M | 1.12M |
| Other Assets | 58.35M | 58.32M | 56.92M | 65.81M | 38.48M | 23.5M | 27.02M | 25.74M | 26.32M | 27.04M | 27.35M | 20.5M | 18.07M | 14.63M | 13.29M |
| Total Current Assets | 180.44M | 21.39M | 144.25M | 293.82M | 299.96M | 270.48M | 202.09M | 145.75M | 136.13M | 107.19M | 57.59M | 82.85M | 85.79M | 28.8M | 33.65M |
| Total Non-Current Assets | 2.52B | 2.63B | 2.22B | 1.85B | 1.79B | 1.46B | 1.16B | 1.03B | 908.06M | 793.81M | 703.66M | 534.5M | 442.41M | 313.48M | 172.49M |
| Total Assets | 2.7B | 2.65B | 2.37B | 2.15B | 2.09B | 1.73B | 1.37B | 1.18B | 1.04B | 901M | 761.25M | 617.35M | 528.19M | 342.28M | 206.14M |
| Asset Growth % | 40.79% | 12.01% | 10.16% | 2.54% | 21.3% | 26.33% | 15.88% | 12.96% | 15.89% | 18.36% | 23.31% | 16.88% | 54.32% | 66.04% | - |
| Return on Assets (ROA) | 1.04% | 1.02% | 0.93% | 1.13% | 1.74% | 1.86% | 1.03% | 1.51% | 1.47% | 1.11% | 1.08% | 1.04% | 1.03% | 1.81% | 3.01% |
| Accounts Payable | 0 | 14.6M | 16.07M | 12.63M | 2.77M | 558K | 1.02M | 2.69M | 1.72M | 423K | 321.75K | 347.14K | 132.17K | 80.53K | 74.95K |
| Total Debt | 110.11M | 121.94M | 102.86M | 114.34M | 10.21M | 10.31M | 13.43M | 10.13M | 0 | 50M | 10M | 20M | 30M | 0 | 10M |
| Net Debt | -50.15M | -312.06M | -32.19M | 23.03M | -72.76M | -105.15M | -92.88M | -75.91M | -77.73M | -13.25M | -10.13M | -17.4M | -34.75M | -18.51M | -15.15M |
| Long-Term Debt | 99.61M | 110.76M | 95M | 105M | 0 | 0 | 5M | 0 | 0 | 25M | 10M | 20M | 30M | 0 | 5M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25M | 0 | 0 | 0 | 0 | 5M |
| Other Liabilities | 13.33M | 2.31B | 14.81M | 20.58M | 18.83M | 16.54M | 8.92M | 5.42M | 7.51M | -14.21M | 7.86M | 4.8M | 4.1M | 1.7M | -3.82M |
| Total Current Liabilities | 2.34B | 11.18M | 2.04B | 1.82B | 1.89B | 1.53B | 1.2B | 1.02B | 906.89M | 798.73M | 662.11M | 520.07M | 428.65M | 309.38M | 179.07M |
| Total Non-Current Liabilities | 123.44M | 2.42B | 117.67M | 134.92M | 29.04M | 26.84M | 22.35M | 15.55M | 7.51M | 10.79M | 17.86M | 24.8M | 34.1M | 1.7M | 1.18M |
| Total Liabilities | 2.47B | 2.42B | 2.16B | 1.96B | 1.92B | 1.56B | 1.22B | 1.04B | 914.4M | 809.52M | 679.97M | 544.87M | 462.75M | 311.09M | 180.25M |
| Total Equity | 232.71M | 227.89M | 204.99M | 192.63M | 176.92M | 165.22M | 143.37M | 140.58M | 129.79M | 91.48M | 81.28M | 72.48M | 65.44M | 31.19M | 25.89M |
| Equity Growth % | 39.78% | 11.17% | 6.42% | 8.88% | 7.08% | 15.24% | 1.98% | 8.31% | 41.87% | 12.54% | 12.15% | 10.75% | 109.82% | 20.46% | - |
| Equity / Assets (Capital Ratio) | 8.62% | 8.6% | 8.66% | 8.97% | 8.45% | 9.57% | 10.49% | 11.92% | 12.43% | 10.15% | 10.68% | 11.74% | 12.39% | 9.11% | 12.56% |
| Return on Equity (ROE) | 12.2% | 11.85% | 10.6% | 12.94% | 19.47% | 18.69% | 9.25% | 12.4% | 12.88% | 10.69% | 9.66% | 8.65% | 9.28% | 17.36% | 23.93% |
| Book Value per Share | 15.59 | 15.29 | 13.78 | 12.71 | 11.62 | 10.90 | 9.42 | 8.82 | 8.35 | 6.78 | 6.18 | 4.77 | 6.11 | 4.31 | 3.58 |
| Tangible BV per Share | 14.93 | 15.29 | 13.06 | 11.93 | 10.78 | 10.06 | 9.42 | 8.82 | 8.35 | 6.78 | 6.18 | 4.77 | 6.11 | 4.31 | 3.58 |
| Common Stock | 73.02M | 73.02M | 73.7M | 76.28M | 79.33M | 78.72M | 78.66M | 86.38M | 91.21M | 67.93M | 67.5M | 67.34M | 66.99M | 38.68M | 38.6M |
| Additional Paid-in Capital | 11.99M | 11.85M | 11.93M | 10.94M | 9.74M | 8.64M | 8.52M | 7.52M | 6.25M | 5.28M | 4.61M | 3.41M | 2.54M | 1.3M | 706.6K |
| Retained Earnings | 158.73M | 153.3M | 134.78M | 120.86M | 105.69M | 79.06M | 55.35M | 46.48M | 32.88M | 18.62M | 9.39M | 1.96M | -4M | -8.48M | -13.44M |
| Accumulated OCI | -11.03M | -10.28M | -15.41M | -15.45M | -17.84M | -1.2M | 840K | 188K | -548K | -350K | -214.97K | -232.03K | -88.37K | -309.97K | 19.45K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRE and SBA concentration
According to the bank's recent balance sheet filings, total assets have grown from $2.1 billion in 2023Q4 to $2.7 billion by 2026Q1, reflecting a consistent expansion strategy that prioritizes asset accumulation over rapid deleveraging in the current interest rate environment.
The steady growth in total assets suggests that management is successfully executing its geographic expansion into the Sun Belt, leveraging its niche expertise to capture market share. Investors should monitor whether this asset growth is primarily driven by high-quality commercial lending or if it relies too heavily on lower-yielding securities to maintain balance sheet size.
As reported in financial statements, OPBK has maintained a consistent equity-to-assets ratio of approximately 0.09 over the last ten quarters, indicating a stable capital base that provides a sufficient buffer against potential volatility in its concentrated loan portfolio.
The bank's commitment to maintaining a stable capital ratio suggests a disciplined approach to risk management, particularly given the inherent volatility of its SBA-heavy business model. This capital position appears adequate to support ongoing operations, though it warrants further investigation into how management plans to balance future growth with the need for regulatory capital preservation.
Based on the provided quarterly data, cash and cash equivalents have exhibited significant volatility, peaking at $434 million in 2025Q4 before normalizing to $160.3 million in 2026Q1, which highlights the bank's reliance on transactional cash flows from its SBA loan sales.
The observed swings in cash balances suggest that the bank's liquidity profile is highly sensitive to the timing of loan originations and secondary market sales. While this liquidity management appears functional, it implies that the bank may face periodic pressure to maintain sufficient cash buffers if secondary market premiums for SBA loans experience unexpected compression.
Data from the bank's balance sheet indicates that investment securities represent a substantial portion of total assets, with $2.4 billion held in 2026Q1, suggesting a potential duration mismatch that could expose the bank to interest rate risk if market conditions shift unexpectedly.
The heavy weighting toward investment securities relative to the total asset base may indicate that the bank is parking excess liquidity in lower-yielding instruments rather than deploying it into higher-margin commercial loans. This strategy warrants further investigation, as it may be masking underlying pressures on the bank's ability to generate organic loan growth in its core markets.
Quick answers to the most common questions about buying OPBK stock.
As of 2025, OP Bancorp (OPBK) had total assets of $2.65B including $21.4M in current assets.
OP Bancorp (OPBK) carries total debt of $121.9M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
OP Bancorp (OPBK) has total shareholders' equity (book value) of $227.9M ($15.29 book value per share). Book value represents the net worth of the company belonging to common stock holders.
OP Bancorp (OPBK) reported a current ratio of 1.91x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.