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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments103,99878,37386,65871,83673,79377,269
Cash and cash equivalents103,99878,37386,65871,83673,79377,269
Total current assets:103,99878,37386,65871,83673,79377,269
Noncurrent Assets
Operating lease, right-of-use asset2,2312,3002,3692,1191,4591,520
Property, plant and equipment1,2511,1621,117934872840
Deferred income tax assets3,2883,0913,3233,8364,3684,324
Total noncurrent assets:6,7706,5536,8096,8896,6996,684
Other undisclosed assets602,467547,587528,569506,494464,333382,646
TOTAL ASSETS:713,235632,513622,036585,219544,825466,599
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities646,985566,584557,131522,639493,620418,569
Total liabilities:646,985566,584557,131522,639493,620418,569
Equity
Equity, attributable to parent66,25065,92964,90562,58051,20548,030
Common stock727272716860
Additional paid in capital91,22191,22191,22190,40880,60177,300
Accumulated other comprehensive loss(6,523)(5,575)(5,287)(5,826)(5,841)(5,034)
Accumulated deficit(18,520)(19,789)(21,101)(22,073)(23,623)(24,296)
Total equity:66,25065,92964,90562,58051,20548,030
TOTAL LIABILITIES AND EQUITY:713,235632,513622,036585,219544,825466,599

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues
(Net Investment Income)
8,7358,0077,3386,7265,3413,866
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (820)(709)(1,374)(991)
Gross profit:8,7358,0076,5186,0173,9672,875
Operating expenses(2,266)(1,823)(1,572)(683)(662)(626)
Other operating income, net
(Noninterest Income, Other Operating Income)
3013102105584
Operating income:6,4996,1974,9565,5443,3602,333
Interest and debt expense(2,988)(2,587)(2,457)(2,349)(1,189)(272)
Income from continuing operations before equity method investments, income taxes:3,5113,6102,4993,1952,1712,061
Other undisclosed loss from continuing operations before income taxes(1,783)(1,852)(953)(1,117)(1,268)(795)
Income from continuing operations before income taxes:1,7281,7581,5462,0789031,266
Income tax expense(459)(446)(393)(528)(230)(321)
Income from continuing operations:1,2691,3121,1531,550673945
Income before gain (loss) on sale of properties:673945
Net income available to common stockholders, diluted:1,2691,3121,1531,550673945

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:1,2691,3121,1531,550673945
Other comprehensive income (loss)(948)(288)53915(807)(2,328)
Comprehensive income (loss), net of tax, attributable to parent:3211,0241,6921,565(134)(1,383)

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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