Op Bancorp · NASDAQ:OPBK
Op Bancorp — Q4 2020 Earnings Presentation
16 slides from Op Bancorp's earnings presentation, Jan 29, 2021
Slide 1: 2020 Fourth Quarter Earnings Presentation
2020 Fourth Quarter Earnings Presentation January 29, 2021
Slide 2: Forward-Looking Statements
Certain matters set forth herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plans and expectations regarding future operating results. These forwar
Slide 3: 4Q-2020 Financial Highlights
4Q-2020 Financial Highlights 3 Balance Sheet Earnings & Profitability Asset Quality Net income increased 7.6% to $3.9 million from $3.6 million for 3Q-2020 Diluted EPS increased 8.7% to $0.25 per common share from $0.23 per common share for 3Q-2020 NIM improved 7 basis points to 3.73% from 3.66% for
Slide 4: COVID-19 Loan Modifications
COVID-19 Loan Modifications 4
Slide 5: COVID-19 Loan Modification Trend
COVID-19 Loan Modification Trend 5
Slide 6: COVID-19 Loan Modification Type & Duration
COVID-19 Loan Modification Type & Duration 6 Modification Type Modification Type & Duration Note: Percentages are based on loan amounts as of December 31, 2020. Modification Duration
Slide 7: COVID-19 Loan Modification – Hotel & Motel CRE
COVID-19 Loan Modification – Hotel & Motel CRE 7 Geographic Location Modification Type & Duration Note: Percentages are based on loan amounts as of December 31, 2020. Average Information Average Loan Size: $2.0 million Weighted Average LTV: 55.6% Weighted Average DCR: 1.76
Slide 8: Balance Sheet Trend
Balance Sheet Trend 8 Gross Loans ($mm) Total Assets ($mm) Total Equity ($mm) & Book Value Per Share ($) Total Deposits ($mm)
Slide 9: Loan Trend
Loan Trend 9 Loan Origination ($mm) Loan Composition ($mm) Loan Yields (%) Commercial Real Estate Concentration (%)
Slide 10: Deposit Trend
Deposit Trend 10 Noninterest Bearing Deposits ($mm) Deposit Composition ($mm) Cost of Deposits (%) CD Maturity Schedule ($mm)
Slide 11: Earnings & Profitability
Earnings & Profitability 11 Noninterest Income ($mm) Net Interest Income ($mm) & Net Interest Margin (%) Noninterest Expense ($mm) Efficiency Ratio (%)
Slide 12: Earnings & Profitability
Earnings & Profitability 12 Pre-Provision Net Revenue ($mm) Provision for Loan Losses ($mm) Net Income ($mm) & Diluted EPS ($) Return on Assets & Return on Equity (%)
Slide 13: Net Interest Margin Trend
Source: Target Fed Funds Rate per Federal Open Market Committee guidance. Net Interest Margin Trend 13
Slide 14: Asset Quality
Asset Quality 14 Classified Loans ($mm) Nonperforming Loans ($mm) Net Charge-Offs ($mm) Allowance for Loan Losses ($mm)
Slide 15: Liquidity & Capital
Liquidity & Capital 15 Total Liquidity ($mm) On Balance Sheet Liquidity ($mm) Tier 1 Leverage ($mm) Total Risk Based Capital ($mm)
Slide 16: Non-GAAP Reconciliation: Pre-Provision Net Revenue
SSS openbank Non-GAAP Reconciliation Pre-Provision Net Revenue {Ootarsin thousand) For the Three Months Ended Decembersl, September30, June 3 Warh3i, December i 2029 2020 2020 2020 2019 Inverest income $ Bm § Bow s$ so § ms S| 14708 Interest expense 1,198 1,597 aan 3229 3625 Net interest income ast