ADDED
As of February 28, 2026, the registrant had outstanding 14,225,579 shares of common stock.
) and its global trading partners and trade tensions related to the same; the impact of any claims or legal actions to which we may be subject, including any effect on our reputation; our ability to satisfy the lending and other conditions necessary to repurchase our Series C Preferred Stock under our Option Agreement with the U.S.
Treasury and to qualify to pay a lower rate of dividends on such preferred stock; and 3 changes in federal tax laws or policies.
As of December 31, 2025, the Bank is a single operating segment that operates nine full-service branches in Los Angeles and Orange Counties, California, three full-service branches on the East Coast (Bayside, New York; and Englewood Cliffs and Palisades Park, New Jersey), two full-service branches in Texas (Carrollton and Dallas), and one full-service branch in Georgia (Suwanee).
The Bank also has loan originators of primarily SBA loans in Washington.
As of December 31, 2025, the Bank s lending limit was approximately $61.8 million per borrower for unsecured loans.
The funds are ultimately used to finance residential mortgages to purchase property or to refinance existing CRE loans.
As of December 31, 2025 and 2024, approximately 86.1% and 87.0%, respectively, of residential mortgage loans were ARM loans.
As of December 31, 2025, CRE SBA and C I SBA loans totaled $129.4 million (including loans held-for-sale of $6.5 million) and $29.2 million (including loans held-for-sale of $5.6 million), respectively.
As of December 31, 2025, the Company s top 10 customers, excluding wholesale deposits, accounted for 9.6% of total deposits.
REMOVED
As of February 28, 2025, the registrant had outstanding 14,380,651 shares of common stock.
As of December 31, 2024, the Bank is a single operating segment that operates 11 full-service branches in Los Angeles and Orange Counties, California, three full-service branches on the East Coast (Bayside, New York; and Englewood Cliffs and Palisades Park, New Jersey), two full-service branches in Texas (Carrollton and Dallas), and four loan production offices ( LPOs ) located in Los Angeles and Orange Counties, California; Bellevue, Washington; and Atlanta, Georgia.
As of December 31, 2024, the Bank s lending limit was approximately $57.9 million per borrower for unsecured loans.
The funds are used to finance a residential mortgage or CRE loan that a borrower uses to purchase property or refinance an existing loan.
As of December 31, 2024 and 2023, approximately 87.0% and 86.2%, respectively, of residential mortgage loans were ARM loans.
As of December 31, 2024, CRE SBA and C I SBA loans totaled $129.6 million (including loans held-for-sale of $4.0 million) and $23.6 million (including loans held-for-sale of $2.3 million), respectively.
As of December 31, 2024, the Company s top 10 customers, excluding wholesale deposits, accounted for 7.3% of total deposits.
To enhance the relationships with customers and to identify and meet their particular needs, each customer is assigned a relationship officer, including SBA loan borrowers.
As of December 31, 2024, wholesale deposits totaled $502.3 million, or 19.2% of total deposits.
As of December 31, 2024, total deposits were $2.62 billion, and the average cost of deposits was 3.72% for the year ended December 31, 2024.