OptimumBank Holdings, Inc.

OptimumBank Holdings, Inc., incorporated on March 23, 2004, serves as a bank holding company for OptimumBank (the Bank). The Bank provides a range of community banking services to individuals and corporate customers through over three banking offices located in Broward County, Florida. The Bank provides a range of consumer and commercial banking services to individuals and businesses. The Bank’s services include demand interest-bearing and non-interest-bearing accounts, money market deposit accounts, Visa debit and automated teller machine (ATM) cards, cash management, direct deposits, notary services, money orders, night depository, cashier’s checks, domestic collections, drive-in tellers and banking by mail. The Bank offers Internet banking services through its Website, www.optimumbank.com. The Bank has over eight wholly owned subsidiaries primarily engaged in holding and disposing foreclosed real estate, and a subsidiary primarily engaged in managing foreclosed real estate. Lending Activities The Bank offers real estate, commercial and consumer loans, to individuals and small businesses and other organizations. The Bank’s market area consists of the tri-county area of Broward, Miami-Dade and Palm Beach counties. The Bank’s net loans amount to approximately $82.6 million. The Bank’s loan portfolio is concentrated in two areas: residential and commercial real estate loans. The Bank’s real estate loans are secured by mortgages and consist primarily of loans to individuals and businesses for the purchase or improvement of, or investment in, real estate. Investment Activities The Bank’s securities portfolio consists primarily of mortgage-backed securities and an asset-backed security. The securities portfolio is categorized as either held to maturity or available for sale. The Bank’s available for sale securities include mortgage-backed securities, collateralized mortgage obligations and small Business Administration (SBA) pool security. The Bank’s available for sale securities amount to approximately $25.74 million. Sources of Funds Deposits are the primary source of funds for the Bank’s use in lending, making investments and meeting liquidity demands. The Bank is focused on raising time deposits primarily within its market area. The Bank’s deposit accounts include regular savings, demand, negotiable order of withdrawal (NOW) account, time deposits, money market deposit accounts and certificates of deposit (CDs). The Bank’s total deposits amount to approximately $97.57 million.

Bank NameOptimumBank Holdings, Inc.
Stock ExchangeLSE
IndustryMajor Banks
CountryUnited States
World Region"North America "
CEOMr. Timothy L. Terry
Registered Year2000

2017 2016 2015
  € m € m € m
Total interest income 5 5 5
Total Interest Expenses 1 1 1
Net Interest income 4 4 4
Total Net Revenue 4 4 4
Earnings per share
Basic 0.53 0.38 0.17
Diluted 0.53 0.38 0.17
Total current assets
Other assets 656 701 631
Total assets 95,866 119,703 127,478
Total current liabilities
Total liabilities 93,321 116,622 124,511
Total Equity 2,545 3,081 2,967
Net income
Net cash provided by operating activities 1 1 1
Net cash used for investment activities 17 14 6
Net cash provided by financing activities 24 8 3
Currency in EUR, All numbers in million.


United States
Fort Lauderdale
Deerfield Beach