OptimumBank Holdings Inc
NASDAQ:OPHC
OptimumBank Holdings Inc
OptimumBank Holdings, Inc. is a bank holding company for OptimumBank, which offers a variety of community banking services to individual and corporate customers through OptimumBank. The company is headquartered in Fort Lauderdale, Florida and currently employs 38 full-time employees. The company went IPO on 2003-05-08. The firm operates through its subsidiary, OptimumBank (the Bank), a Florida-chartered commercial bank. The Bank’s deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank offers a variety of community banking services to individual and corporate customers through its two banking offices located in Broward County, Florida. The Bank provides a range of consumer and commercial banking services to individuals and businesses. The Bank services include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, negotiable order of withdrawal (NOW) accounts, time deposits, Visa debit and automated teller machine (ATM) cards, cash management, direct deposits, notary services, money orders, night depository, cashier’s checks, domestic collections and banking by mail. The Bank makes commercial real estate loans and consumer loans.
OptimumBank Holdings, Inc. is a bank holding company for OptimumBank, which offers a variety of community banking services to individual and corporate customers through OptimumBank. The company is headquartered in Fort Lauderdale, Florida and currently employs 38 full-time employees. The company went IPO on 2003-05-08. The firm operates through its subsidiary, OptimumBank (the Bank), a Florida-chartered commercial bank. The Bank’s deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank offers a variety of community banking services to individual and corporate customers through its two banking offices located in Broward County, Florida. The Bank provides a range of consumer and commercial banking services to individuals and businesses. The Bank services include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, negotiable order of withdrawal (NOW) accounts, time deposits, Visa debit and automated teller machine (ATM) cards, cash management, direct deposits, notary services, money orders, night depository, cashier’s checks, domestic collections and banking by mail. The Bank makes commercial real estate loans and consumer loans.
Record Net Earnings: OptimumBank delivered its best-ever quarter with net earnings rising to about $4.3 million, up over $700,000 from Q2.
Strong Revenue Growth: Net interest income increased by around $800,000 to just over $11 million, and noninterest income improved by nearly $150,000 to about $2 million sequentially.
Asset & Deposit Expansion: Total assets surpassed $1.08 billion, and deposits grew by $80.6 million to $959.5 million, with noninterest-bearing deposits making up 33% of the mix.
Profitability & Efficiency: Return on average equity reached 22.6%, net interest margin expanded to 4.37% for Q3 and 4.24% year-to-date, and the efficiency ratio stood at a competitive 50.7%.
Loan Growth: Gross loans grew by $29.1 million to $813.7 million, with commercial real estate as the main driver.
Credit Quality: Credit metrics remained strong, with allowance for credit losses at 1.23% and nonperforming assets at just 0.33%.
Capital Strength: Capital to total assets ended the quarter at 11.7%, well above regulatory minimums, supporting further growth and potential M&A.
Strategic Focus: Management highlighted disciplined execution, a relationship-driven culture, and ongoing plans for geographic and balance sheet expansion.
