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OP Bancorp Reports Second Quarter 2016 Results

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OP Bancorp Reports Second Quarter 2016 Results Financial Highlights Net income totaled $1.80 million for the second quarter of 2016, or $0.14 per diluted common share, up 36.5% from $1.32 million for the first quarter of 2016 and 13.6% from $1.59 million for the second quarter of 2015. Net interest margin was 4.30% for the second quarter of 2016, compared to 4.15% for the first quarter of 2016 and 4.32% for the second quarter of 2016. Total assets were $673 million at June 30, 2016, up 2.9% from $654 million at March 31, 2016, and up 19.2% from $565 million at June 30, 2015. Net loans receivable were $576 million at June 30, 2016, up 10.7% from $520 million at March 31, 2016 and up 25.3%...

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