Call reports 2022
OPTIMUMBANK — 2022
What OPTIMUMBANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 385,263,000 | 464,649,000 | 542,778,000 | 583,694,000 |
| Total loans | 277,094,000 | 353,191,000 | 437,682,000 | 483,012,000 |
| Allowance for loan losses | 3,409,000 | 4,243,000 | 5,212,000 | 5,793,000 |
| Securities available for sale | 30,946,000 | 27,211,000 | 25,433,000 | 25,101,000 |
| Securities held to maturity | 808,000 | 648,000 | 579,000 | 540,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 318,385,000 | 343,541,000 | 423,145,000 | 508,610,000 |
| Interest-bearing deposits | 177,719,000 | 204,713,000 | 263,315,000 | 348,707,000 |
| Noninterest-bearing deposits | 140,666,000 | 138,828,000 | 159,831,000 | 159,903,000 |
| Equity capital | 46,870,000 | 45,624,000 | 48,749,000 | 60,464,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 3,463,000 | 7,488,000 | 12,983,000 | 19,883,000 |
| Interest expense | 235,000 | 508,000 | 1,700,000 | 4,046,000 |
| Net interest income | 3,228,000 | 6,980,000 | 11,283,000 | 15,837,000 |
| Noninterest income | 650,000 | 1,414,000 | 2,107,000 | 2,960,000 |
| Noninterest expense | 2,137,000 | 4,213,000 | 6,501,000 | 8,909,000 |
| Provision for loan losses | 391,000 | 1,384,000 | 2,758,000 | 3,466,000 |
| Pretax income | 1,348,000 | 2,797,000 | 4,131,000 | 6,422,000 |
| Income tax | 342,000 | 709,000 | 1,048,000 | 1,630,000 |
| Net income | 1,006,000 | 2,088,000 | 3,083,000 | 4,792,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,559,000 | 50,092,000 | 54,520,000 | 66,291,000 |