OptimumBank Holdings, Inc.
Business
OptimumBank Holdings, Inc. is a Florida-based bank holding company that owns and operates OptimumBank, a state-chartered commercial bank. The Bank offers consumer and commercial banking services including demand and savings accounts, money market accounts, certificates of deposit, wire transfers, ACH services, debit and ATM cards, cash management, and various loan products. OptimumBank operates four branch locations in Broward, Miami-Dade, Palm Beach, Martin, and St. Lucie counties in Florida, with a strategic focus on real estate lending, small business administration loans, skilled nursing facility financing, and merchant cash advance provider services.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans | 57 | 52 | 32 | 18 | 10 | |
| Debt securities | 635,000 | 652,000 | 686,000 | 649,000 | 488,000 | |
| Other | 7 | 7 | 3 | 1 | 145,000 | |
| Total interest income | 64 | 60 | 36 | 20 | 10 | |
| Deposits | 21 | 23 | 12 | 3 | 651,000 | |
| Borrowings | 333,000 | 2 | 468,000 | 812,000 | 334,000 | |
| Total interest expense | 22 | 25 | 12 | — | — | |
| Net interest income | 43 | 35 | 24 | 16 | 9 | |
| Credit loss expense | 2 | 2 | 4 | 3 | — | |
| Net interest income after credit loss expense | 41 | 32 | 20 | 12 | 8 | |
| Service charges and fees | 5 | 4 | 3 | 3 | 1 | |
| Other | 2 | 843,000 | 123,000 | 410,000 | 103,000 | |
| Total noninterest income | 7 | 5 | 3 | 3 | 2 | |
| Salaries and employee benefits | 15 | 11 | 8 | 5 | 4 | |
| Professional fees | 1 | 1 | 729,000 | 546,000 | 563,000 | |
| Occupancy and equipment | 1 | 884,000 | 773,000 | 717,000 | 650,000 | |
| Data processing | 3 | 2 | 2 | 1 | 765,000 | |
| Regulatory assessment | 687,000 | 799,000 | 550,000 | 255,000 | 164,000 | |
| Other | 5 | 3 | 2 | 2 | 1 | |
| Total noninterest expenses | 25 | 19 | 15 | 10 | 7 | |
| Net income before income taxes | 22 | 18 | 8 | 5 | 3 | |
| Income tax expense | 6 | 5 | 2 | 1 | −3 | |
| Net income | 17 | 13 | 6 | 4 | 6 | |
| Earnings per share Basic | 1.42 | 1.39 | 0.87 | 0.68 | 1.61 | |
| Earnings per share Diluted | 0.71 | 0.63 | 0.87 | 0.68 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 9 | 14 | 14 | 20 | 14 | |
| Interest-bearing deposits with banks | 105 | 80 | 63 | 52 | 45 | |
| Total cash and cash equivalents | 115 | 94 | 77 | 72 | 59 | |
| Debt securities available for sale | 25 | 23 | 24 | 25 | 34 | |
| Debt securities held-to-maturity (fair value of $190 and $247) | 214,000 | 281,000 | 360,000 | 540,000 | 1 | |
| Loans, net of allowance for credit losses of $10,273 and $8,660 | 947 | 795 | 671 | 477 | — | |
| Federal Home Loan Bank stock | 3 | 3 | 3 | 600,000 | 793,000 | |
| Premises and equipment, net | 2 | 2 | 1 | 934,000 | 843,000 | |
| Other real estate owned | 551,000 | — | — | — | — | |
| Right-of-use lease assets | 3 | 3 | 2 | 2 | 2 | |
| Accrued interest receivable | 4 | 3 | 2 | 1 | 971,000 | |
| Deferred tax asset | 3 | 3 | 3 | 4 | 3 | |
| Other assets | 9 | 7 | 7 | 2 | 2 | |
| Total assets | 1,112 | 933 | 791 | 585 | 352 | |
| Noninterest-bearing demand deposits | 267 | 212 | 195 | 159 | 124 | |
| Savings, NOW and money-market deposits | 307 | 278 | 323 | 109 | 155 | |
| Time deposits | 358 | 282 | 122 | 240 | 13 | |
| Total deposits | 932 | 772 | 640 | 508 | 292 | |
| Federal Home Loan Bank advances | 50 | 50 | 62 | 10 | 18 | |
| Operating lease liabilities | 3 | 3 | 2 | 2 | 2 | |
| Other liabilities | 5 | 5 | 4 | 3 | 996,000 | |
| Total liabilities | 990 | 830 | 721 | 523 | 313 | |
| Commitments and contingencies (Notes 9 and 15) | — | — | — | — | — | |
| Preferred Stock, value | — | — | — | — | — | |
| Common stock, $.01 par value; 30,000,000 shares authorized, 11,533,943 and 11,636,092 shares issued and outstanding | 115,000 | 116,000 | 72,000 | 71,000 | 48,000 | |
| Additional paid-in capital | 113 | 111 | 91 | 90 | 65 | |
| Retained earnings (accumulated deficit) | 14 | −3 | −16 | −22 | −26 | |
| Accumulated other comprehensive loss | −5 | −6 | −5 | −6 | −635,000 | |
| Total stockholders equity | 122 | 103 | 70 | 63 | 39 | |
| Total liabilities and stockholders equity | 1,112 | 933 | 791 | 585 | 352 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Credit loss expense | 2 | 2 | 4 | 3 | — | |
| Write-down of other real estate owned | 54,000 | — | — | — | — | |
| Depreciation and amortization | 468,000 | 301,000 | 227,000 | 231,000 | 210,000 | |
| Deferred income tax (benefit) expense | −462,000 | 10,000 | 821,000 | 1 | −3 | |
| Net accretion of fees, premiums and discounts | −168,000 | −59,000 | −4,000 | −271,000 | −772,000 | |
| Stock-based compensation expense | 875,000 | 490,000 | 490,000 | 372,000 | 199,000 | |
| Increase in accrued interest receivable | −273,000 | −874,000 | −1 | −473,000 | 365,000 | |
| Amortization of right-of-use asset | 416,000 | 298,000 | 333,000 | 338,000 | — | |
| Net decrease in operating lease liabilities | −383,000 | −290,000 | −299,000 | −323,000 | −73,000 | |
| Increase in other assets | −2 | −730,000 | −5 | 196,000 | −809,000 | |
| Increase in other liabilities | 397,000 | 1 | 939,000 | 1 | 649,000 | |
| Net cash provided by operating activities | 18 | 16 | 7 | 10 | 4 | |
| Principal repayments of debt securities available for sale | 1 | 1 | 1 | 2 | — | |
| Principal repayments of debt securities held-to-maturity | 67,000 | 80,000 | 184,000 | 509,000 | — | |
| Net increase in loans | −155 | −126 | −198 | −232 | −96 | |
| Purchases of premises and equipment | −896,000 | −988,000 | −668,000 | −322,000 | −381,000 | |
| Purchase of debt securities available for sale | −2 | — | — | — | −20 | |
| Purchases (redemption) of FHLB stock | −99,000 | 425,000 | −3 | 193,000 | 299,000 | |
| Net cash used in investing activities | −157 | −125 | −200 | −230 | −109 | |
| Net increase in deposits | 160 | 133 | 132 | 215 | 102 | |
| Net (decrease) increase in FHLB Advances | — | −12 | 52 | −8 | −5 | |
| Net (decrease) increase in FRB Advances | — | −14 | 14 | — | — | |
| Net Proceeds from sale of preferred stock (net of offering costs of 0 and $118) | — | 2 | — | 15 | 4 | |
| Proceeds from sale of common stock (net of offering costs of $34 and $576) | 217,000 | 18 | 324,000 | 10 | 9 | |
| Net cash provided by financing activities | 160 | 127 | 198 | 232 | 109 | |
| Net increase in cash and cash equivalents | 21 | 17 | 5 | 13 | 4 | |
| Interest | 22 | 26 | 12 | 4 | 1 | |
| Income taxes | 7 | 2 | 1 | — | — | |
| Net change in unrealized gain on debt securities available for sale, net of income taxes | 972,000 | −257,000 | 506,000 | −5 | −566,000 | |
| Amortization of unrealized loss on debt securities transferred to held-to-maturity | 1,000 | 2,000 | 5,000 | 16,000 | 110,000 | |
| Loans transferred to other real estate owned through foreclosure | 605,000 | — | — | — | — | |
| Right-of use lease assets obtained in exchange for operating lease liabilities | 354,000 | 816,000 | 375,000 | 720,000 | 925,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is OptimumBank Holdings, Inc.'s CIK number?
OptimumBank Holdings, Inc.'s SEC CIK number is 0001288855 (1288855). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find OptimumBank Holdings, Inc.'s SEC filings?
All of OptimumBank Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did OptimumBank Holdings, Inc. last report earnings?
OptimumBank Holdings, Inc. (OPHC) most recently filed an earnings 8-K with the SEC on Apr 24, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-018855). This is OptimumBank Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is OptimumBank Holdings, Inc.'s most recent earnings 8-K?
OptimumBank Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 24, 2026 under accession 0001493152-26-018855. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View OptimumBank Holdings, Inc.'s latest earnings 8-K →
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