Open Bank
Open Bank reported total assets of $2.7 bn at Q2 2026, up 7.1% on a year earlier, the 461st largest of 497 banks in our US coverage. The CET1 capital ratio at Open Bank was 12.10%, and the uninsured share of Open Bank was 49.75%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, Open Bank climbed from 440th to 325th among 448 US banks between and (1 = highest; FDIC Call Reports).
- Open Bank has one of the highest noncurrent loans to total loans readings among banks of $1 bn to $10 bn: 2.09% at , against a median of 0.58% across 339 banks (FDIC Call Reports).
What sets Open Bank apart
How large is Open Bank?
The balance sheet of Open Bank at : assets $2.7 bn, deposits $2.4 bn, net loans $2.3 bn (loans equal to 95.06% of deposits). Securities make up 7.5% of total assets at Open Bank. Since , when Open Bank held $654.3 mn, its assets grew 319.7%. In the year to , deposits at Open Bank rose 5.0% while its total assets rose 7.1%. At , Open Bank employed 256 full-time equivalent staff across 17 offices, about $10.7 mn of assets per employee and $139.4 mn of deposits per office.
How much funding at Open Bank is uninsured?
At Open Bank, uninsured deposits (above the FDIC limit) made up 49.75% of domestic deposits at (-1.48 pp on a year earlier); Open Bank ranks 85th of 500 on this measure. In dollars, Open Bank estimated $1.2 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.4 bn | +5.0% | 448th of 499 |
| Net loans and leases | $2.3 bn | +9.1% | 397th of 500 |
| Loan-to-deposit ratio | 95.06% | +3.55 pp | 111th of 500 |
| Tier 1 leverage ratio | 10.15% | +1.28 pp | 279th of 500 |
| Total risk-based capital ratio | 13.35% | +1.20 pp | 318th of 448 |
| Net interest margin | 3.23% | +0.08 pp | 363rd of 500 |
| Return on assets (ROA) | 1.20% | +0.21 pp | 309th of 500 |
| Efficiency ratio | 55.81% | -3.67 pp | 247th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $15.5 mn | Narrowed by $3.0 mn | |
| Noncurrent loans to total loans | 2.09% | +1.00 pp | 463rd of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.01% | -0.03 pp | 112th of 500 (1 = lowest) |
US rank of Open Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Open Bank: assets, deposits and loans
- Total assets $2.7bn
- Deposits $2.4bn
- Net loans $2.3bn
Capital and securities
The CET1 ratio of Open Bank stood at 12.10% in , +1.20 pp year on year. Low and high at Open Bank since : 10.81% () to 15.12% (). Equity capital of Open Bank at : $264.1 mn, or 9.6% of total assets. Open Bank also reported a total capital ratio of 13.35% for , and a tier 1 leverage ratio of 10.15%.
The available-for-sale portfolio of Open Bank showed an unrealized loss of $15.5 mn at ; the loss narrowed by $3.0 mn over the year.
Open Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 10%
Open Bank: unrealized securities gains and losses
- Available for sale -$15mn
- Held to maturity $0
Profitability and loan quality
For the year to , Open Bank earned a return on equity of 12.57%; return on assets: 1.20%. Net interest margin at Open Bank: 3.23%, +0.08 pp in a year. Open Bank net income: $16.2 mn, up 31.8% year on year. The efficiency ratio of Open Bank was 55.81%: about 56 cents cost per revenue dollar, against 64 cents at the median peer.
At , noncurrent loans were 2.09% of total loans at Open Bank; net charge-offs: 0.01% of average loans. Gross loans and leases at Open Bank: $2.3 bn, up 9.0% in a year.
Open Bank: profitability
- Return on equity 13%
- Net interest margin 3.2%
- Return on assets 1.2%
Peer group of Open Bank
The peer group of Open Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Open Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in California. Against them, Open Bank shows CET1 ratio 12.10% against a peer median of 14.88%, return on equity 12.57% against a peer median of 13.79% and uninsured deposit share 49.75% against a peer median of 32.07%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Quad City Bank and Trust Company | State member bank | IA | $2.8 bn | 14.29% | 13.89% | 50.97% | |
| Avidia Bank | State-chartered stock savings bank | MA | $2.8 bn | 15.47% | 8.29% | 39.16% | |
| Lead Bank | State nonmember bank | MO | $2.8 bn | 20.33% | 18.15% | 30.02% | |
| Open Bank | State nonmember bank | CA | $2.7 bn | 12.10% | 12.57% | 49.75% | |
| State Bank of Southern Utah | State nonmember bank | UT | $2.7 bn | not reported | 15.58% | 29.89% | |
| Cornerstone Bank | State member bank | NE | $2.7 bn | not reported | 13.70% | 34.04% | |
| Westfield Bank | Federal savings bank | MA | $2.7 bn | 12.47% | 7.94% | 30.10% | |
. FDIC Call Reports.
Last eight quarters
Two years at Open Bank, to : assets +15.0%, deposits +14.7%, equity +30.9%. Staff 230 to 256; offices 16 to 17.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.4 bn | $2.4 bn | $2.5 bn | $2.6 bn | $2.6 bn | $2.7 bn | $2.7 bn | $2.7 bn |
| Total deposits | $2.1 bn | $2.0 bn | $2.2 bn | $2.3 bn | $2.3 bn | $2.3 bn | $2.3 bn | $2.4 bn |
| Bank equity capital | $201.7 mn | $203.3 mn | $208.6 mn | $211.5 mn | $219.4 mn | $252.4 mn | $257.7 mn | $264.1 mn |
| CET1 ratio | 11.47% | 11.25% | 10.99% | 10.90% | 10.81% | 12.05% | 11.93% | 12.10% |
| Return on equity (ROE) | 11.34% | 11.07% | 11.16% | 11.84% | 12.13% | 12.18% | 12.14% | 12.57% |
| Uninsured share of domestic deposits | 45.80% | 47.40% | 48.96% | 51.23% | 49.70% | 47.94% | 49.60% | 49.75% |
| Full-time equivalent employees | 230 | 231 | 240 | 237 | 250 | 249 | 253 | 256 |
| Number of offices | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Open Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Open Bank?
Open Bank reported $2.7 bn at in its Call Report. That makes Open Bank the 461st largest of 497 banks in our US coverage.
Is Open Bank the same as its holding company?
No. This page covers Open Bank, FDIC certificate 57944; OP BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Open Bank profitable?
Open Bank reported net income of $16.2 mn for the year to ; annualized return on equity: 12.57%. So yes: Open Bank made a profit over these months.
When is data for Open Bank next updated?
Figures from Open Bank for are due after .
Where can I check the figures for Open Bank?
In the FDIC BankFind Suite record for certificate 57944, and in the Call Reports of Open Bank (RSSD ID 3357219) at the FFIEC Central Data Repository.