Call reports 2021
OPTIMUMBANK — 2021
What OPTIMUMBANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 252,376,000 | 293,954,000 | 334,912,000 | 350,039,000 |
| Total loans | 170,200,000 | 193,036,000 | 208,560,000 | 250,976,000 |
| Allowance for loan losses | 1,890,000 | 2,231,000 | 2,695,000 | 3,074,000 |
| Securities available for sale | 22,380,000 | 21,980,000 | 35,690,000 | 34,394,000 |
| Securities held to maturity | 2,465,000 | 1,743,000 | 1,374,000 | 1,039,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 210,037,000 | 244,419,000 | 282,915,000 | 293,103,000 |
| Interest-bearing deposits | 132,677,000 | 138,423,000 | 167,737,000 | 168,338,000 |
| Noninterest-bearing deposits | 77,361,000 | 105,996,000 | 115,178,000 | 124,765,000 |
| Equity capital | 22,935,000 | 30,164,000 | 32,644,000 | 36,363,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,967,000 | 4,266,000 | 7,245,000 | 10,360,000 |
| Interest expense | 260,000 | 477,000 | 686,000 | 916,000 |
| Net interest income | 1,707,000 | 3,789,000 | 6,559,000 | 9,444,000 |
| Noninterest income | 175,000 | 480,000 | 904,000 | 1,775,000 |
| Noninterest expense | 1,263,000 | 2,681,000 | 4,263,000 | 6,184,000 |
| Provision for loan losses | -24,000 | 374,000 | 955,000 | 1,173,000 |
| Pretax income | 643,000 | 1,214,000 | 2,244,000 | 3,862,000 |
| Income tax | 0 | 0 | 0 | -1,550,000 |
| Net income | 643,000 | 1,214,000 | 2,244,000 | 5,412,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,904,000 | 30,751,000 | 32,980,000 | 35,338,000 |