Call reports 2020
OPTIMUMBANK — 2020
What OPTIMUMBANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 141,193,000 | 180,624,000 | 208,432,000 | 234,939,000 |
| Total loans | 109,452,000 | 138,506,000 | 146,679,000 | 154,375,000 |
| Allowance for loan losses | 2,198,000 | 2,664,000 | 2,144,000 | 1,906,000 |
| Securities available for sale | 4,937,000 | 4,408,000 | 7,461,000 | 18,893,000 |
| Securities held to maturity | 5,462,000 | 5,069,000 | 4,571,000 | 3,400,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,062,000 | 138,256,000 | 168,092,000 | 191,018,000 |
| Interest-bearing deposits | 90,859,000 | 108,285,000 | 117,770,000 | 132,447,000 |
| Noninterest-bearing deposits | 15,203,000 | 29,972,000 | 50,322,000 | 58,572,000 |
| Equity capital | 10,879,000 | 13,034,000 | 16,058,000 | 19,192,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,509,000 | 3,135,000 | 4,923,000 | 6,716,000 |
| Interest expense | 471,000 | 914,000 | 1,292,000 | 1,601,000 |
| Net interest income | 1,038,000 | 2,221,000 | 3,631,000 | 5,115,000 |
| Noninterest income | 67,000 | 101,000 | 165,000 | 283,000 |
| Noninterest expense | 1,062,000 | 2,030,000 | 3,159,000 | 4,420,000 |
| Provision for loan losses | 190,000 | 713,000 | 1,236,000 | 1,020,000 |
| Pretax income | -147,000 | -421,000 | -599,000 | -42,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -147,000 | -421,000 | -599,000 | -42,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,027,000 | 13,153,000 | 16,175,000 | 19,261,000 |
| Total capital | 12,348,000 | — | — | — |
| Risk-weighted assets | 104,943,000 | — | — | — |