Call reports 2011
OPTIMUMBANK — 2011
What OPTIMUMBANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 183,601,000 | 175,963,000 | 166,940,000 | 154,386,000 |
| Total loans | 109,553,000 | 105,212,000 | 98,868,000 | 91,566,000 |
| Allowance for loan losses | 3,520,000 | 3,075,000 | 3,137,000 | 2,349,000 |
| Securities available for sale | 0 | 38,951,000 | 36,542,000 | 28,907,000 |
| Securities held to maturity | 52,788,000 | 0 | 100,000 | 100,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 144,500,000 | 139,577,000 | 130,831,000 | 109,621,000 |
| Interest-bearing deposits | 141,855,000 | 137,155,000 | 128,750,000 | 107,380,000 |
| Noninterest-bearing deposits | 2,645,000 | 2,423,000 | 2,082,000 | 2,241,000 |
| Equity capital | 6,728,000 | 3,943,000 | 3,461,000 | 11,992,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,845,000 | 3,558,000 | 5,079,000 | 6,582,000 |
| Interest expense | 895,000 | 1,741,000 | 2,534,000 | 3,279,000 |
| Net interest income | 950,000 | 1,817,000 | 2,545,000 | 3,303,000 |
| Noninterest income | -162,000 | -110,000 | -125,000 | -118,000 |
| Noninterest expense | 1,844,000 | 3,966,000 | 5,424,000 | 6,920,000 |
| Provision for loan losses | 34,000 | 894,000 | 652,000 | -149,000 |
| Pretax income | -1,090,000 | -3,000,000 | -3,503,000 | -3,433,000 |
| Income tax | 0 | 0 | 0 | 41,000 |
| Net income | -1,090,000 | -3,000,000 | -3,503,000 | -3,474,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,728,000 | 4,818,000 | 4,315,000 | 12,930,000 |
| Total capital | 8,444,000 | 6,467,000 | 5,875,000 | 14,382,000 |
| Risk-weighted assets | 135,489,000 | 130,490,000 | 123,250,000 | 115,264,000 |