Call reports 2023
OPTIMUMBANK — 2023
What OPTIMUMBANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 620,872,000 | 631,633,000 | 712,651,000 | 791,052,000 |
| Total loans | 501,910,000 | 525,475,000 | 580,787,000 | 678,776,000 |
| Allowance for loan losses | 6,353,000 | 6,645,000 | 7,200,000 | 7,683,000 |
| Securities available for sale | 25,554,000 | 24,762,000 | 23,085,000 | 24,355,000 |
| Securities held to maturity | 498,000 | 444,000 | 393,000 | 3,510,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 528,918,000 | 553,559,000 | 620,467,000 | 640,695,000 |
| Interest-bearing deposits | 367,602,000 | 336,305,000 | 406,679,000 | 444,690,000 |
| Noninterest-bearing deposits | 161,316,000 | 217,254,000 | 213,788,000 | 196,005,000 |
| Equity capital | 62,224,000 | 63,524,000 | 64,104,000 | 69,549,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 7,518,000 | 15,696,000 | 24,597,000 | 35,780,000 |
| Interest expense | 2,458,000 | 5,044,000 | 8,033,000 | 12,068,000 |
| Net interest income | 5,060,000 | 10,652,000 | 16,564,000 | 23,712,000 |
| Noninterest income | 729,000 | 1,501,000 | 2,412,000 | 3,453,000 |
| Noninterest expense | 3,084,000 | 6,621,000 | 9,924,000 | 13,357,000 |
| Provision for loan losses | 765,000 | 1,310,000 | 2,634,000 | 3,759,000 |
| Pretax income | 1,885,000 | 4,008,000 | 6,082,000 | 9,761,000 |
| Income tax | 479,000 | 1,018,000 | 1,566,000 | 2,507,000 |
| Net income | 1,406,000 | 2,990,000 | 4,516,000 | 7,254,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 67,652,000 | 69,234,000 | 70,761,000 | 74,999,000 |