ADDED
FORM 10-K DECEMBER 31, 2025 INDEX Page Cautionary Note Regarding Forward-Looking Statements 3 PART I 5 Item 1.
In addition, we provide a broad range of insurance agency products and services through our wholly owned insurance agency subsidiary, Forth Insurance, LLC.
At December 31, 2025, we had total assets of $9.72 billion, total loans held for investment ( LHFI ) of $7.67 billion, total deposits of $8.31 billion and total stockholders equity of $1.25 billion.
Our common stock is traded on the New York Stock Exchange ( NYSE ) under the stock symbol OBK .
At December 31, 2025, our LHFI portfolio was comprised of 32.8% commercial and industrial loans including mortgage warehouse loans, and 40.9% commercial real estate loans, including construction/land/land development loans.
Our commercial real estate loans are 39.8% owner-occupied and 60.2% non-owner-occupied.
At December 31, 2025, approximately 23.8% of our deposits were noninterest-bearing demand deposits.
We believe the actions we have taken through December 31, 2025, in furtherance of our Optimize Origin initiative have driven or will drive earnings improvement of approximately $37.2 million annually on a pre-tax basis.
As a result, we exceeded our original goal in delivering a ROAA run rate of 1.19% for the fourth quarter of 2025.
Looking ahead to 2026, our goal is to achieve an ROAA run rate of 1.15% or higher by the fourth quarter of 2026.
REMOVED
FORM 10-K DECEMBER 31, 2024 INDEX Page Cautionary Note Regarding Forward-Looking Statements 4 PART I 6 Item 1.
As noted in our Management s Discussion and Analysis of Financial Condition and Results of Operations, Results of Operations, Noninterest Expense section of this report we expect to close six of these banking centers at the end of February 2025.
At December 31, 2024, we had total assets of $9.68 billion, total loans held for investment ( LHFI ) of $7.57 billion, total deposits of $8.22 billion and total stockholders equity of $1.15 billion.
We completed an initial public offering of our common stock in May 2018 and began trading on the Nasdaq Stock Market LLC ( Nasdaq ) under the symbol OBNK .
On May 9, 2023, the Company provided written notice to Nasdaq of its determination to voluntarily withdraw the listing of the Company s common stock from Nasdaq and transfer the listing to the New York Stock Exchange ( NYSE ).
The listing and trading of the common stock on Nasdaq ended at market close on May 19, 2023, and trading commenced on the NYSE at market open on May 22, 2023, under the new stock symbol OBK .
At December 31, 2024, our loans held for investment ( LHFI ) portfolio was comprised of 31.1% commercial and industrial loans including mortgage warehouse loans, and 44.1% commercial real estate loans, including construction/land/land development loans.
Our commercial real estate loans are 39.4% owner occupied and 60.6% non-owner occupied.
At December 31, 2024, approximately 23.1% of our deposits were noninterest-bearing demand deposits.
We believe the actions we have taken to date will drive earnings improvement of approximately $20.0 million annually on a pre-tax basis.