OptimumBank Holdings, Inc. (OPHC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58,97054,6298,9347,98311,66517,64010,365
Cash and cash equivalents58,97054,6298,9347,98311,66517,64010,365
Total current assets:58,97054,6298,9347,98311,66517,64010,365
Noncurrent Assets
Operating lease, right-of-use asset1,7379041,055
Property, plant and equipment8431,4131,3892,6682,5932,6482,703
Deferred income tax assets3,442  
Total noncurrent assets:6,0222,3172,4442,6682,5932,6482,703
Other undisclosed assets286,886178,166115,37089,71781,60899,415114,410
TOTAL ASSETS:351,878235,112126,748100,36895,866119,703127,478
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 liabilities313,368215,210119,54189,90787,966116,622124,511
Total liabilities:313,368217,278119,54195,06293,321116,622124,511
Stockholders' equity
Stockholders' equity attributable to parent38,51017,8347,2075,3062,5453,0812,967
Common stock48322818111196
Additional paid in capital65,19350,26338,99436,12834,09034,03933,330
Accumulated other comprehensive loss(635)(69)(205)(330)(250)(252)(138)
Accumulated deficit(26,096)(32,392)(31,610)(30,510)(31,306)(30,717)(30,321)
Total stockholders' equity:38,51017,8347,2075,3062,5453,0812,967
TOTAL LIABILITIES AND EQUITY:351,878235,112126,748100,36895,866119,703127,478

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,9016,5184,9291484,3764,3294,138
Net investment income9,9016,5184,9291484,3504,3053,937
Cost of revenue(1,173)(1,020)    (260)
Provision for loan, lease, and other losses(1,173)(1,020)  
Financial services costs  (260)
Gross profit:8,7285,4984,9291484,3764,3293,878
Operating expenses(2,073)(1,759)(1,837)(1,497)(3,548)(3,315)(9,549)
Other operating income, net
(Noninterest Income, Other Operating Income)
1032276351518211
Operating income (loss):6,7583,7613,168(1,314)8431,032(5,460)
Nonoperating income    11222135
Investment income, nonoperating    114887
Gains on sales of other real estate     17448
Interest and debt expense(985)(1,720)(2,046)(1,246)(1,196)(1,079)(884)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (2,823)(2,274) (247)(571)5,726
Income (loss) from continuing operations before equity method investments, income taxes:5,773(782)(1,152)(2,560)(589)(396)(483)
Other undisclosed loss from continuing operations before income taxes(2,704)      
Income (loss) from continuing operations before income taxes:3,069(782)(1,152)(2,560)(589)(396)(483)
Income tax benefit3,227 52   320
Net income (loss):6,296(782)(1,100)(2,560)(589)(396)(163)
Other undisclosed net income attributable to parent   3,356   
Net income (loss) available to common stockholders, diluted:6,296(782)(1,100)796(589)(396)(163)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):6,296(782)(1,100)(2,560)(589)(396)(163)
Other comprehensive income (loss)(566)136125(80)2(114)(221)
Comprehensive income (loss):5,730(646)(975)(2,640)(587)(510)(384)
Other undisclosed comprehensive income, net of tax, attributable to parent   3,356   
Comprehensive income (loss), net of tax, attributable to parent:5,730(646)(975)716(587)(510)(384)

Statements sources

The financial statements are based on the company's filings with the 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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