Op bancorp (OPBK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Interest income
Interest and fees on loans

13,694

13,995

14,278

14,093

13,354

13,066

12,524

11,670

10,848

10,733

10,111

9,337

8,929

Interest on investment securities

319

-

332

327

360

-

249

208

188

-

185

146

143

Other interest income

332

374

502

458

372

414

233

184

144

144

122

116

112

Total interest income

14,345

14,703

15,112

14,878

14,086

13,820

13,006

12,062

11,180

11,077

10,419

9,600

9,185

Interest expense
Interest on deposits

3,229

3,625

3,893

3,701

3,288

2,893

2,477

2,060

1,534

1,343

1,154

1,000

971

Interest on borrowed funds

-

-

-

-

-

1

44

15

87

32

57

6

7

Total interest expense

3,229

3,625

3,893

3,701

3,288

2,894

2,521

2,075

1,621

1,376

1,211

1,007

978

Net interest income

11,116

11,078

11,219

11,177

10,798

10,926

10,485

9,987

9,559

9,701

9,208

8,593

8,206

Provision for loan losses

743

-

290

401

-

220

439

33

575

321

278

170

541

Net interest income after provision for loan losses

10,373

10,667

10,929

10,776

10,798

10,706

10,046

9,954

8,984

9,379

8,930

8,423

7,665

Noninterest income
Service charges on deposits

430

520

469

499

527

497

484

398

537

-

393

387

-

Service charges on deposits

-

-

-

-

-

-

-

-

-

-

-

-

419

Loan servicing fees, net of amortization

392

333

243

227

383

72

310

372

324

69

317

373

366

Gain on sale of loans

1,155

1,526

1,714

1,588

1,077

1,028

1,135

1,728

989

1,402

1,191

1,152

1,192

Other income

319

135

306

333

1,546

453

355

285

362

351

351

295

264

Total noninterest income

2,296

2,514

2,732

2,647

3,533

2,050

2,284

2,783

2,212

2,277

2,255

2,209

2,243

Noninterest expense
Salaries and employee benefits

5,071

4,406

5,349

5,344

5,168

4,566

4,803

4,615

4,211

4,061

4,263

4,124

4,023

Occupancy and equipment

1,230

1,207

1,232

1,132

1,077

1,045

976

1,064

1,026

999

986

969

963

Data processing and communication

409

420

385

367

358

283

320

297

331

326

330

335

331

Professional fees

273

269

261

247

203

309

294

166

152

153

149

145

140

FDIC insurance and regulatory assessments

106

-

-21

-

104

-

106

-

-

-

-

-

-

FDIC insurance and regulatory assessments

-

-

-

105

-

-

-

104

96

-

100

99

99

Promotion and advertising

162

263

182

183

178

216

222

231

145

172

157

154

145

Directors’ fees

233

229

228

223

228

217

216

209

209

198

202

201

194

Foundation donation and other contributions

330

417

402

379

388

357

369

386

329

202

283

252

215

Other expenses

393

383

406

378

369

476

399

406

312

381

270

268

274

Total noninterest expense

8,207

7,665

8,424

8,358

8,073

7,568

7,705

7,478

6,811

6,572

6,743

6,552

6,388

Income before income taxes

4,462

5,516

5,237

5,065

6,258

5,188

4,625

5,259

4,385

5,085

4,441

4,080

3,520

Income tax expense

1,163

1,335

1,237

1,229

1,518

1,423

1,144

1,468

1,169

3,185

1,713

1,617

1,375

Net income

3,299

4,181

4,000

3,836

4,740

3,765

3,481

3,791

3,216

1,899

2,727

2,463

2,145

Earnings per share - Basic

0.21

0.26

0.25

0.24

0.29

0.23

0.22

0.24

0.23

0.14

0.20

0.18

0.16

Earnings per share - Diluted

0.21

0.27

0.24

0.23

0.29

0.23

0.21

0.23

0.22

0.14

0.19

0.18

0.15

Other comprehensive income:
Change in unrealized income on securities available for sale

1,294

-

119

536

503

-

-257

-98

-508

-

-27

223

-31

Tax effect

382

-

35

158

149

-

-76

-29

-75

-

-11

91

-12

Total other comprehensive income

912

-

84

378

354

-

-181

-69

-433

-

-16

131

-18

Comprehensive income

4,211

-

4,084

4,214

5,094

-

3,300

3,722

2,783

-

2,711

2,594

2,127