Open Bank
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Data as of · sourced from FFIEC call reports. How we update
Open Bank is an FDIC-insured commercial bank headquartered in Los Angeles, CA, established in 2005 (FDIC certificate 57944), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.75B, up 7.1% from Q2 2025, the 34th largest of 113 banks headquartered in California. Its CET1 capital ratio was 12.10% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57944
- Headquarters
- Los Angeles, CA
- Established
- 2005
- Total assets, Q2 2026
- $2.75B
- Assets vs Q2 2025
- +7.1%
- CET1 ratio, Q2 2026
- 12.10%
- Domestic offices
- 17 FDIC institution directory, current count
- Routing number
- 122043958
- Latest call report
- Q2 2026, FFIEC 051 · Open Bank call report
- Holding company
- OP BANCORP
- Asset rank in state
- 34th of 113 in California
Problem loans are rising at Open Bank. The Los Angeles, California bank had $2.7 billion in assets at June 30, 2026, up 7.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.76% of loans from 0.43% a year earlier. It holds about half of its deposits (50%) above the FDIC insurance limit, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 30.9%). It also keeps 3.14 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.71 cents).
Net income for the quarter rose 29% from a year earlier, to $8.5 million. The non-owner-occupied commercial real estate book ($652 million) is worsening: 4.56% of it is past due or on nonaccrual, up from 2.92% a year earlier.
As of June 30, 2026, Open Bank reported a CET1 capital ratio of 12.10%, a return on assets of 1.25%, a nonperforming-loan ratio of 2.09% and a Texas ratio of 5.92%. The figures come from its call report filed with the FFIEC.
Of the 113 banks headquartered in California, Open Bank is the 34th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.7% to $2.75B, loans rose 1.6% and deposits rose 1.8%. Non-owner-occupied commercial real estate loans made up 28.6% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 28.2%. The FDIC Summary of Deposits lists 12 offices for it, in 8 cities across 3 states; its Los Angeles 5 offices book 71% of its branch deposits. By the capital ratios in its Q2 2026 call report, Open Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1000 Wilshire Blvd, Los Angeles, CA 90017
- County
- Los Angeles
- Metro Area
- Los Angeles-Long Beach-Anaheim, CA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 10, 2005
- Domestic offices
- 17 FDIC institution directory, current count
- Employees (FTE)
- 256
- Domestic deposits
- $2.37B
- Allowance for credit losses
- $28.1M
- Net charge-offs (YTD)
- $144K
- Average total assets
- $2.71B
- Average total loans
- $2.25B
- Average interest-bearing deposits
- $1.80B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- June 10, 2005
- FDIC Cert
- 57944
- Fed RSSD
- 3357219
- SEC CIK
- 1722010 → filed by OP BANCORP
- Website
- www.myopenbank.com →
- Parent Holding Company
- OP BANCORP (RSSD 4980409) · OPBK
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Oh Sang Kyo | CEO | Chief Executive Officer |
| Jaehyun Park | CFO | Chief Financial Officer |
| Oh Christine Yoon | COO | Chief Operating Officer |
| Jae H. Park | CRO | Chief Risk Officer |
| Wesley Won | CTO | Chief Technology Officer |
| Pak Yeong Gwon | CCO | Chief Credit Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Open Bank's total assets moved between a low of $2.14B (Q3 2023) and a high of $2.75B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$2.75B total assets against $2.56B; $2.48B total liabilities against $2.35B.
$2.25B net loans and leases against $2.07B; $2.37B total deposits against $2.26B.
$206.3M securities against $178.7M; $175.2M cash and balances due against $205.5M.
$38.2M total interest income against $37.7M; $17.6M total interest expense against $17.9M.
$20.6M net interest income against $19.7M.
$5.7M total noninterest income against $4.0M; $14.6M total noninterest expense against $13.7M.
-$149K provision for credit losses against $1.2M.
$8.5M net income against $6.6M.
1.25% return on assets against 1.03%; 3.14% net interest margin against 3.21%.
12.10% CET1 capital ratio against 10.90%; 10.15% tier 1 leverage ratio against 8.87%.
Inside the full Open Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Open Bank rankings
Its closest position to the top of a national ranking is 105 of 980, for uninsured deposits; its furthest is 1,671 of 2,134, for CET1 ratio.
Metric pages for Open Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.87% (Q4 2024) to 1.25% (Q2 2026) and its net interest margin ran from 2.94% (Q3 2024) to 3.29% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.10% | 1.25% | 2.09% | 5.92% | 3.14% |
| Q1 2026 | 11.93% | 1.15% | 2.19% | 6.41% | 3.23% |
| Q4 2025 | 12.05% | 1.14% | 1.59% | 5.03% | 3.29% |
| Q3 2025 | 10.81% | 1.07% | 1.39% | 5.35% | 3.26% |
| Q2 2025 | 10.90% | 1.03% | 1.09% | 4.29% | 3.21% |
| Q1 2025 | 10.99% | 0.95% | 1.27% | 5.61% | 2.97% |
| Q4 2024 | 11.25% | 0.87% | 1.30% | 4.63% | 2.95% |
| Q3 2024 | 11.47% | 0.96% | 0.84% | 2.86% | 2.94% |
Swipe the table sideways to see every column.
Branch Network
View all 12 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Open Bank (main office) | Los Angeles , CA | 90017 | $832.5M |
| Buena Park Branch | Buena Park , CA | 90621 | $281.9M |
| Olympic Branch | Los Angeles , CA | 90006 | $230.6M |
| Western Branch | Los Angeles , CA | 90020 | $218.4M |
| Fashion District Branch | Los Angeles , CA | 90021 | $210.5M |
| Aroma Branch | Los Angeles , CA | 90010 | $184.0M |
| Gardena Branch | Gardena , CA | 90249 | $131.4M |
| Santa Clara Branch | Santa Clara , CA | 95051 | $87.0M |
| Cerritos Office Branch | Cerritos , CA | 90703 | $63.7M |
| Spring Mountain Office Branch | Las Vegas , NV | 89146 | $58.8M |
| Carrollton Branch | Carrollton , TX | 75006 | $44.5M |
| Garden Grove Branch | Garden Grove , CA | 92844 | $26.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in CA, rank 60 of 164 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 239 applications, 26 loans originated, $62.9M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 113 loans, $197.6M approved, $1.7M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Open Bank
What are Open Bank's total assets?
As of the Q2 2026 filing, Open Bank reported total assets of $2.75 billion in its FFIEC call report.
Where is Open Bank headquartered?
It is headquartered in Los Angeles, CA, United States.
When was Open Bank founded?
It was established in 2005, per the FDIC institution directory.
Is Open Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57944). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Open Bank?
Open Bank's primary federal regulator is the FDIC.
What is Open Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.10% in its Q2 2026 call report, above regulatory requirements.
How many branches does Open Bank operate?
It operates 17 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Open Bank's Texas Ratio?
Its Texas Ratio is 5.92% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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