OptimumBank Holdings, Inc. (OPHC) Financial Statements (2024 and earlier)

Company Profile

Business Address 2477 EAST COMMERCIAL BOULEVARD
FORT LAUDERDALE, FL 33308
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71,83658,97054,6298,9347,98311,665
Cash and cash equivalents71,83658,97054,6298,9347,98311,665
Total current assets:71,83658,97054,6298,9347,98311,665
Noncurrent Assets
Operating lease, right-of-use asset2,1191,7379041,055
Property, plant and equipment9348431,4131,3892,6682,593
Deferred income tax assets3,8363,442  
Total noncurrent assets:6,8896,0222,3172,4442,6682,593
Other undisclosed assets506,494286,886178,166115,37089,71781,608
TOTAL ASSETS:585,219351,878235,112126,748100,36895,866
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      200
Employee-related liabilities    200
Debt   2,068 5,1555,155
Total current liabilities:   2,068 5,1555,355
Noncurrent Liabilities
Other undisclosed liabilities522,639313,368215,210119,54189,90787,966
Total liabilities:522,639313,368217,278119,54195,06293,321
Equity
Equity, attributable to parent62,58038,51017,8347,2075,3062,545
Common stock714832281811
Additional paid in capital90,40865,19350,26338,99436,12834,090
Accumulated other comprehensive loss(5,826)(635)(69)(205)(330)(250)
Accumulated deficit(22,073)(26,096)(32,392)(31,610)(30,510)(31,306)
Total equity:62,58038,51017,8347,2075,3062,545
TOTAL LIABILITIES AND EQUITY:585,219351,878235,112126,748100,36895,866

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues19,2339,9016,5184,9291484,376
Net investment income19,2339,9016,5184,9291484,350
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(3,466)(1,173)(1,020)   
Gross profit:15,7678,7285,4984,9291484,376
Operating expenses(2,586)(2,073)(1,759)(1,837)(1,497)(3,548)
Other operating income, net
(Noninterest Income, Other Operating Income)
41010322763515
Operating income (loss):13,5916,7583,7613,168(1,314)843
Nonoperating income
(Investment Income, Nonoperating)
      11
Interest and debt expense(4,046)(985)(1,720)(2,046)(1,246)(1,196)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2,823)(2,274) (247)
Income (loss) from continuing operations before equity method investments, income taxes:9,5455,773(782)(1,152)(2,560)(589)
Other undisclosed loss from continuing operations before income taxes(4,153)(2,704)    
Income (loss) from continuing operations before income taxes:5,3923,069(782)(1,152)(2,560)(589)
Income tax expense (benefit)(1,369)3,227 52  
Income (loss) from continuing operations:4,0236,296(782)(1,100)(2,560)(589)
Income (loss) before gain (loss) on sale of properties:6,296(782)(1,100)(2,560)(589)
Net income (loss):4,0236,296(782)(1,100)(2,560)(589)
Other undisclosed net income attributable to parent     3,356 
Net income (loss) available to common stockholders, diluted:4,0236,296(782)(1,100)796(589)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):4,0236,296(782)(1,100)(2,560)(589)
Other comprehensive income (loss)(5,191)(566)136125(80)2
Comprehensive income (loss):(1,168)5,730(646)(975)(2,640)(587)
Other undisclosed comprehensive income, net of tax, attributable to parent     3,356 
Comprehensive income (loss), net of tax, attributable to parent:(1,168)5,730(646)(975)716(587)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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