OptimumBank in Plantation, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

OptimumBank - Overview

  • General
  • FDIC Certificate #: 35430
    Status: Active
    Federal Reserve ID: 2953418
    Bank Holding Company (Regulatory Top Holder): Optimumbank Holdings, Inc. (RSSDID: 3251661, Location: Fort Lauderdale, FL)
    Date Established: November 01, 2000
    WWW: http://www.optimumbank.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 #: 80028
    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: November 01, 2000
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 10197 Cleary Boulevard, Plantation, FL 33324
    County: Broward
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Lauderdale, FL (#2680)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $154.4 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $109.6 mil
    Return on assets (ROA): -1.99% (-$3.1 mil)
    Quarterly return on assets: 0.07% ($0.1 mil)
    Return on Equity (ROE): -51.18% (-$6.1 mil)
    Quarterly return on equity: 1.50% ($0.2 mil)
    Net income: -$3.5 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -1.97% (-$3,041.4 mil)
    Quarterly Pretax return on assets: 0.17% ($262.5 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
  • 17Total employees (full-time equivalent)
  • $154,386Total assets
  • $6,224Cash and due from depository institutions
  • $5,123Interest-bearing balances
  • $29,007Securities
  • $16,552Federal funds sold & reverse repurchase agreements
  • $89,217Net loans & leases
  • $2,349Loan loss allowance
  • $0Trading account assets
  • $2,690Bank premises and fixed assets
  • $7,646Other real estate owned
  • $0Goodwill and other intangibles
  • $154,386Life insurance assets
  • $3,050All other assets
  • $142,394Total liabilities and capital
  • $109,621Total liabilities
  • $107,380Total deposits
  • $109,621Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $31,700Trading liabilities
  • $0Other borrowed funds
  • $1,073Subordinated debt
  • $11,992All other liabilities
  • $11,992Total equity capital
  • $11,992Total bank equity capital
  • $0Perpetual preferred stock
  • $6,798Common stock
  • $19,597Surplus
  • $-14,403Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,612Income earned, not collected on loans
  • $0Earning assets
  • $499Long-term assets (5+ years)
  • $139,899Average Assets, year-to-date
  • $25,311Average Assets, quarterly
  • $174,203Volatile liabilities
  • $160,663Insider loans
  • $115,264FHLB advances
  • $166,690Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,930Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,582Total interest income
  • $3,279Total interest expense
  • $3,303Net interest income
  • -$149Provision for loan and lease losses
  • -$118Total noninterest income
  • $0Fiduciary activities
  • $4Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$122Additional noninterest income
  • $6,920Total noninterest expense
  • $1,750Salaries and employee benefits
  • $501Premises and equipment expense
  • $4,669Additional noninterest expense
  • -$3,586Pre-tax net operating income
  • $153Securities gains (losses)
  • $41Applicable income taxes
  • -$3,474Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,474Net income attributable to bank
  • $0Net charge-offs
  • -$3,474Cash dividends
  • $1,205Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.10%Yield on earning assets
  • 2.04%Cost of funding earning assets
  • 2.06%Net interest margin
  • -0.07%Noninterest income to earning assets
  • 4.31%Noninterest expense to earning assets
  • -2.08%Net operating income to assets
  • -1.99%Return on assets (ROA)
  • -1.97%Pretax return on assets
  • -51.18%Return on equity (ROE)
  • -51.18%Retained earnings to average equity (YTD only)
  • 1.15%Net charge-offs to loans
  • -12.37%Credit loss provision to net charge-offs
  • -3.10%Efficiency ratio
  • 217,268Assets per employee
  • 9.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.57%Loss allowance to noncurrent loans
  • 8.21%Noncurrent assets plus other real estate owned to assets
  • 23.49%Noncurrent loans to loans
  • 31.25%Net loans and leases to deposits
  • 81.39%Net loans and leases to core deposits
  • 83.19%Equity capital to assets
  • 7.77%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 11.22%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $174,203Average earning assets
  • $6,788Average equity
  • $160,387Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080028Optimumbank10197 Cleary Boulevard, Plantation, FL 33324November 01, 2000Full Service Brick and Mortar
    1422438Galt Ocean Mile Branch3524 N. Ocean Blvd., Fort Lauderdale, FL 33308May 12, 2003Full Service Brick and Mortar
    2425165Shoppes Of Hillsboro Shopping Center2215 West Hillsboro Boulevard, Deerfield Beach, FL 33442January 05, 2004Full Service Brick and Mortar

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