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Letter portraitLegal landscapeQuarterYTD

Open Bank

Los Angeles, CA · Cert 57944 · Op Bcorp

State charter, non-member · FDIC · 12 branches

Q2 2026

$2.7BAssets
$2.3BLoans
$2.4BDeposits
$264.1MEquity
Loan mix
94%RE $2.0B6%C&I $0.1B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $1.8B24%Noninterest $0.6BQ2 2025Q2 2026

NIM

5.85%Q2 ’245.72%Q2 ’255.67%Q2 ’26+5%+5%

Non-interest income vs. expense

2.08%Q2 ’242.15%Q2 ’252.12%Q2 ’26+5%-4%

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2026 SOD (annual) · 0.3% share · #30 of 107 inst. · $2.2B of $667.8B

0.6% Los Angeles
0.2% Orange
0.0% Santa Clara
0.1% Clark

Executive Summary

  • Earnings: ROA of 1.20%, up 21 bps year over year; NIM at 3.07%.
  • Asset quality: problem loans at 2.09% of loans (+100 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.15%, up 128 bps from a year ago.
  • Funding: loans stand at 96.24% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.20%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.07%+14 bps YoY

Efficiency Ratio (YTD, annualized)

55.81%-367 bps YoY

Tier 1 Leverage Ratio

10.15%+128 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.99%1.02%1.05%1.16%1.20%+21 bps
Return on Equity11.84%12.13%12.18%12.14%12.57%+73 bps
Net Interest Margin2.93%2.97%2.97%3.14%3.07%+14 bps
Efficiency Ratio59.48%57.85%57.72%55.92%55.81%-367 bps
Non-Interest Burden1.46%1.44%1.46%1.49%1.40%-7 bps
Growth
Asset Growth (YoY)11.92%9.50%12.05%7.42%7.12%-481 bps
Loan Growth (YoY)11.46%11.27%12.42%9.53%9.03%-243 bps
Deposit Growth (YoY)16.28%10.14%12.46%6.25%4.98%-1,130 bps
Asset Quality
Nonperforming Loans / Loans1.09%1.39%1.59%2.19%2.09%+100 bps
Net Charge-Offs / Loans0.04%0.04%0.02%-0.01%0.01%-3 bps
Allowance / Loans1.26%1.27%1.27%1.27%1.23%-2 bps
Allowance Coverage of NPLs1.1x0.9x0.8x0.6x0.6x-0.6x
Capital
Tier 1 Leverage Ratio8.87%8.93%9.91%10.00%10.15%+128 bps
Total Risk-Based Capital12.15%12.06%13.30%13.18%13.35%+120 bps
Equity / Assets8.25%8.39%9.52%9.55%9.62%+137 bps
Liquidity & Funding
Loans / Deposits92.67%94.82%96.65%96.38%96.24%+357 bps
Liquid Assets / Assets7.37%5.96%5.90%5.47%5.58%-178 bps
CRE / Total Capitaln/a541%496%511%n/an/a