Call reports 2024
OPTIMUMBANK — 2024
What OPTIMUMBANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 940,399,000 | 899,465,000 | 944,548,000 | 932,739,000 |
| Total loans | 754,650,000 | 760,108,000 | 777,250,000 | 803,644,000 |
| Allowance for loan losses | 8,281,000 | 8,207,000 | 8,337,000 | 8,660,000 |
| Securities available for sale | 23,580,000 | 23,541,000 | 24,495,000 | 22,773,000 |
| Securities held to maturity | 3,477,000 | 3,449,000 | 3,441,000 | 3,405,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 800,553,000 | 763,422,000 | 807,480,000 | 774,409,000 |
| Interest-bearing deposits | 580,469,000 | 531,699,000 | 604,132,000 | 560,295,000 |
| Noninterest-bearing deposits | 220,084,000 | 231,723,000 | 203,348,000 | 214,114,000 |
| Equity capital | 82,484,000 | 86,594,000 | 92,225,000 | 101,451,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 13,467,000 | 28,658,000 | 43,988,000 | 59,634,000 |
| Interest expense | 5,714,000 | 12,161,000 | 18,533,000 | 24,939,000 |
| Net interest income | 7,753,000 | 16,497,000 | 25,455,000 | 34,695,000 |
| Noninterest income | 1,218,000 | 2,437,000 | 3,552,000 | 4,632,000 |
| Noninterest expense | 4,171,000 | 8,748,000 | 13,536,000 | 18,253,000 |
| Provision for loan losses | 1,132,000 | 1,394,000 | 1,804,000 | 2,371,000 |
| Pretax income | 3,743,000 | 8,934,000 | 13,862,000 | 18,852,000 |
| Income tax | 956,000 | 2,282,000 | 3,541,000 | 4,820,000 |
| Net income | 2,787,000 | 6,652,000 | 10,321,000 | 14,032,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 88,209,000 | 92,136,000 | 96,800,000 | 107,112,000 |