Call reports 2010
OPTIMUMBANK — 2010
What OPTIMUMBANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 217,450,000 | 214,389,000 | 202,549,000 | 190,125,000 |
| Total loans | 137,968,000 | 126,697,000 | 124,170,000 | 117,244,000 |
| Allowance for loan losses | 6,843,000 | 3,492,000 | 3,244,000 | 3,703,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 34,510,000 | 32,111,000 | 44,811,000 | 51,056,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,183,000 | 171,103,000 | 160,866,000 | 150,031,000 |
| Interest-bearing deposits | 159,985,000 | 168,642,000 | 157,783,000 | 147,929,000 |
| Noninterest-bearing deposits | 2,198,000 | 2,461,000 | 3,083,000 | 2,102,000 |
| Equity capital | 12,965,000 | 10,904,000 | 9,417,000 | 7,817,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,857,000 | 4,963,000 | 6,950,000 | 8,802,000 |
| Interest expense | 1,608,000 | 2,692,000 | 3,768,000 | 4,723,000 |
| Net interest income | 1,249,000 | 2,271,000 | 3,182,000 | 4,079,000 |
| Noninterest income | 19,000 | -177,000 | -317,000 | -308,000 |
| Noninterest expense | 4,967,000 | 6,358,000 | 7,610,000 | 9,320,000 |
| Provision for loan losses | 692,000 | 2,193,000 | 3,199,000 | 3,645,000 |
| Pretax income | -3,047,000 | -5,107,000 | -6,594,000 | -7,844,000 |
| Income tax | 0 | 0 | 0 | 349,000 |
| Net income | -3,047,000 | -5,107,000 | -6,594,000 | -8,193,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,965,000 | 10,904,000 | 9,417,000 | 7,817,000 |
| Total capital | 15,065,000 | 12,914,000 | 11,318,000 | 9,639,000 |
| Risk-weighted assets | 163,294,000 | 159,354,000 | 150,722,000 | 143,915,000 |