OP Bancorp (OPBK) financial statements (2022 and earlier)

Company profile

Business Address 1000 WILSHIRE BLVD., SUITE 500
LOS ANGELES, CA 90017
State of Incorp. CA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments119106 133
Cash and cash equivalents115106 78
Short-term investments4  55
Total current assets:119106 133
Noncurrent Assets
Operating lease, right-of-use asset97 
Property, plant and equipment45 5
Deferred income tax assets85 
Amortization method qualified affordable housing project investments8   
Total noncurrent assets:3017 5
Other undisclosed assets1,5781,244 906
TOTAL ASSETS:1,7271,367 1,044
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt5   
Qualified affordable housing project investments, commitment5   
Total noncurrent liabilities:5   
Other undisclosed liabilities1,5571,223 914
Total liabilities:1,5611,223 914
Stockholders' equity
Stockholders' equity attributable to parent165143 130
Common stock7979 91
Additional paid in capital99 6
Accumulated other comprehensive income (loss)(1)1 (1)
Retained earnings7955 33
Total stockholders' equity:165143 130
TOTAL LIABILITIES AND EQUITY:1,7271,367 1,044

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7459 54
Gain on disposition of assets for financial service operations116 5
Net investment income6352 49
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(6) (1)
Gross profit:7453 53
Operating expenses(9)(8) (6)
Operating income:6545 46
Interest and debt expense(3)(8) (9)
Other undisclosed loss from continuing operations before equity method investments, income taxes (18) (18)
Income from continuing operations before equity method investments, income taxes:6218 19
Other undisclosed loss from continuing operations before income taxes(21)   
Income from continuing operations before income taxes:4118 19
Income tax expense(12)(5) (5)
Net income attributable to parent:2913 14
Undistributed earnings (loss) allocated to participating securities, basic(0)(0) (0)
Net income available to common stockholders, diluted:2913 14

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2913 14
Comprehensive income:2913 14
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)1 (0)
Comprehensive income, net of tax, attributable to parent:2714 14

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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