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Last $6.15 USD
Change Today +0.05 / 0.82%
Volume 169.3K
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

open bank (OPBK) Snapshot

Open
$6.10
Previous Close
$6.10
Day High
$6.15
Day Low
$6.05
52 Week High
05/28/14 - $8.75
52 Week Low
04/22/15 - $6.05
Market Cap
75.5M
Average Volume 10 Days
29.2K
EPS TTM
$0.42
Shares Outstanding
12.3M
EX-Date
--
P/E TM
14.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for OPEN BANK (OPBK)

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open bank (OPBK) Details

Open Bank provides banking products and services to small and medium-sized businesses, professionals, and residents with a particular emphasis on the multi-ethnic communities in California. It offers personal banking products and services that include checking and savings accounts, money market accounts, certificates of deposit, installment accounts, home mortgage loans; and business banking products and services, such as business checking and savings accounts, business money market accounts, commercial loans, trade finance, and SBA loans. The company also provides cash management, online banking, telephone banking, and fax/E-mail banking services, as well as online forms. Open Bank was formerly known as First Standard Bank and changed its name to Open Bank in October 2010. The company was founded in 2005 and is based in Los Angeles, California with additional offices in Los Angeles, Gardena, and Buena Park, California.

101 Employees
Last Reported Date: 02/2/15
Founded in 2005

open bank (OPBK) Top Compensated Officers

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Executives, Board Directors

open bank (OPBK) Key Developments

Open Bank Opens its Loan Production Offices in Dallas, Seattle and New York in April

Open Bank has opened its loan production offices in Dallas, Seattle and New York in April to further support out SBA loan productions. Also, the company is currently planning an additional full branch in the Los Angeles Koreatown area. This will bring the total to 7 branches.

Open Bank Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2014

Open Bank reported unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported interest income of $5,134,000, net interest income of $4,730,000, income before income taxes of $1,694,000, net income of $984,000 or $0.08 per diluted share, return on average assets of 0.85% and return on average equity of 1.46% compared to the interest income of $3,565,000, net interest income of $3,230,000, income before income taxes of $675,000, net loss of $472,000 or $0.06 per diluted share, negative return on average assets of 0.62% and negative return on average equity of 5.93% for the same quarter a year ago. Return on average assets (ROA), excluding tax benefit was 1.46% against 0.89% a year ago. Return on average equity (ROE), excluding tax benefit was 10.45% against 8.48% a year ago. The increases in net interest income were primarily the result of increases in average interest earning assets, specifically loans. For the year, the company reported interest income of $18,260,000, net interest income of $16,721,000, income before income taxes of $7,619,000, net income of $4,484,000 or $0.42 per diluted share, return on average assets of 1.09% and return on average equity of 1.85% compared to the interest income of $11,268,000, net interest income of $10,150,000, income before income taxes of $3,410,000, net income of $4,954,000 or $0.65 per diluted share, return on average assets of 1.99% and return on average equity of 1.37% for the same period a year ago. Return on average assets (ROA), excluding tax benefit was 1.85% against 1.37% a year ago. Return on average equity (ROE), excluding tax benefit was 15.45% against 11.49% a year ago. Book Value per share was $5.27 as on December 31, 2014 against was $4.31 as on December 31, 2013. For the quarter, the company reported net charge offs of $467,000 against $32,000 a year ago.

Open Bank (Los Angeles CA) Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge Offs for the Third Quarter of 2014

Open Bank (Los Angeles CA) announced unaudited earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported interest income of $4,795,000, net interest income of $4,417,000, income before income taxes of $2,148,000, net income of $1,275,000 or $0.1 per diluted share, return on average assets of 1.19%, return on average equity of 8.07% compared to the interest income of $2,967,000, net interest income of $2,678,000, income before income taxes of $965,000, net income of $950,000 or $0.12 per diluted share, return on average assets of 1.47%, return on average equity of 12.40% for the same quarter a year ago. For the nine months period, the company reported interest income of $13,125,000, net interest income of $11,990,000, income before income taxes of $5,925,000, net income of $3,500,000 or $0.35 per diluted share, return on average assets of 1.18%, return on average equity of 10.59% compared to the interest income of $7,702,000, net interest income of $6,919,000, income before income taxes of $2,734,000, net income of $5,426,000 or $0.72 per diluted share, return on average assets of 3.14%, return on average equity of 25% for the same period a year ago. Book value per share as on September 30, 2014 was $5.16 compared to the $4.32 as at September 30, 2013. For the third quarter of 2014, the company announced net charge offs of $11 million.

 

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