OP Bancorp (NASDAQ: OPBK) is a community banking company that operates through its subsidiary Open Bank, providing commercial and consumer banking services primarily to the Korean-American community. The bank generates revenue through net interest income on loans and deposits, with lending activities spanning commercial real estate, commercial and industrial, SBA, home mortgage, and consumer loans. Open Bank operates under a Coexistence Agreement with Open Bank S.A. (a Santander affiliate) that limits use of the 'Open Bank' name to California and select cities including New York, Dallas, Atlanta, Chicago, Seattle, and Fort Lee, New Jersey. The bank attracts retail deposits through its branch network and offers a range of deposit products for both business and consumer banking customers. OP Bancorp is classified as a smaller reporting company under SEC rules as of the 10-K filed 2026-03-13. The bank emphasizes relationship-based, community-oriented banking and contributes to the Korean-American community through the Open Stewardship Foundation.

Revenue model

Net interest income from a loan portfolio that includes commercial real estate, commercial and industrial, SBA, home mortgage, and consumer loans, funded by retail deposits gathered through branch locations.

Products and services

Commercial real estate loans, commercial and industrial loans, SBA loans, home mortgage loans, consumer loans, business deposit accounts, consumer deposit accounts, and ancillary banking products and services.

Customers and end markets

Korean-American individuals and businesses in permitted markets including California, New York, Dallas, Atlanta, Chicago, Seattle, and Fort Lee, New Jersey. Customer base spans retail consumers and commercial business banking clients.

Value-chain role

Direct community bank providing deposit-taking and lending services; originates and holds loans in markets where it maintains physical branch or loan production office presence.

Geographic exposure

California and select U.S. cities: New York, Dallas, Atlanta, Chicago, Seattle, and Fort Lee, New Jersey, per the Coexistence Agreement referenced in the 10-K filed 2026-03-13.

Source: SEC 10-K, filed 2026-03-13

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