Optima Bank & Trust Company in Portsmouth, New Hampshire (NH)



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Optima Bank & Trust Company routing number info

Table of contents:
Optima Bank & Trust Company
GeneralFDIC Certificate #: 58699
Status: Active
Federal Reserve ID: 3689385
Date Established: January 29, 2008
WWW: http://www.optimabank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 463186
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 29, 2008
Last Structure Change Effective Date: January 02, 2012
Last Structure Change Process Date: January 25, 2012
Last Data Update: January 25, 2012
Data Source Date: April 05, 2012
LocationAddress: Two Harbour Place, Portsmouth, NH 3802
County: Rockingham
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Concord
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Portsmouth-Rochester, NH-ME (#6450)
Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
Core Based Statistical Division: Rockingham County-Strafford County, NH (#40484)
Financial SummaryTotal assets: $193.5 mil
Equity capital: $16.3 mil
Deposits held in domestic offices: $171.7 mil
Return on assets (ROA): 0.57% ($1.1 mil)
Quarterly return on assets: 0.66% ($1.3 mil)
Return on Equity (ROE): 6.43% ($1.0 mil)
Quarterly return on equity: 7.81% ($1.2 mil)
Net income: $1.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.82% ($1,586.9 mil)
Quarterly Pretax return on assets: 0.79% ($1,528.8 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)31
Total assets$193,525
Cash and due from depository institutions$13,802
Interest-bearing balances$13,194
Securities$33,215
Federal funds sold & reverse repurchase agreements$220
Net loans & leases$141,747
Loan loss allowance $1,314
Trading account assets$0
Bank premises and fixed assets$2,088
Other real estate owned$361
Goodwill and other intangibles$0
All other assets$2,092
Life insurance assets$193,525
Total liabilities and capital$177,271
Total liabilities$171,708
Total deposits$163,544
Interest-bearing deposits$171,708
Deposits held in domestic offices$93
% insured (estimated)5231.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $332
All other liabilities $16,254
Total equity capital$16,254
Total bank equity capital$16,254
Perpetual preferred stock$0
Common stock$1,673
Surplus$16,546
Undivided profits $-1,965
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,556
Earning assets $0
Long-term assets (5+ years) $570
Average Assets, year-to-date $188,376
Average Assets, quarterly $115,233
Volatile liabilities $175,101
Insider loans $189,668
FHLB advances $108,102
Loans and leases held for sale $187,867
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,990
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,145
Derivatives$1,480
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,805
Total interest expense $1,568
Net interest income $6,237
Provision for loan and lease losses $985
Total noninterest income $252
Fiduciary activities $0
Service charges on deposit accounts $141
Trading account gains & fees $0
Additional noninterest income $111
Total noninterest expense $4,479
Salaries and employee benefits $2,222
Premises and equipment expense $852
Additional noninterest expense $1,405
Pre-tax net operating income $1,025
Securities gains (losses) $413
Applicable income taxes $436
Income before extraordinary items $1,002
Extraordinary gains - net $0
Net income attributable to bank $1,002
Net charge-offs $0
Cash dividends $1,002
Sale, conversion, retirement of capital stock, net $673
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.58%
Cost of funding earning assets 0.92%
Net interest margin 3.66%
Noninterest income to earning assets 0.15%
Noninterest expense to earning assets 2.63%
Net operating income to assets 0.41%
Return on assets (ROA) 0.57%
Pretax return on assets 0.82%
Return on equity (ROE) 6.43%
Retained earnings to average equity (YTD only) 6.43%
Net charge-offs to loans 0.53%
Credit loss provision to net charge-offs 146.36%
Efficiency ratio2.99%
Assets per employee$69,025
Cash dividends to net income (YTD only)6.24%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.92%
Noncurrent assets plus other real estate owned to assets 51.41%
Noncurrent loans to loans 1.51%
Net loans and leases to deposits1.79%
Net loans and leases to core deposits 82.55%
Equity capital to assets 102.18%
Core capital (leverage) ratio 8.40%
Tier 1 risk-based capital ratio 8.51%
Total risk-based capital ratio 14.79%
Memoranda
Average assets$16
Average earning assets$175,101
Average equity $15,587
Average loans $170,457
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3 New Hampshire Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0463186Optima Bank & Trust CompanyTwo Harbour Place, Portsmouth, NH 3802January 29, 2008Full Service Brick and Mortar
1496122North Hampton Branch26 Lafayette Road, North Hampton, NH 3862November 02, 2009Full Service Brick and Mortar
2522160Stratham Branch17 Portsmouth Avenue, Stratham, NH 3885July 18, 2011Full Service Brick and Mortar
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