Optimumbank Holdings Inc. / "Assessment" | Tables in SEC filings

OPHC Optimumbank Holdings Inc.

9 Nov 21

Quarterly report

9:30am


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Interest income:
Loans	$	2,795	$	1,723	$	6,820	$	4,697
Debt securities		150		41		327		136
Other		28		7		81		67

Total interest income		2,973		1,771		7,228		4,900

Interest expense:
Deposits		146		290		480		1,047
Borrowings		62		96		241		322

Total interest expense		208		386		721		1,369

Net interest income		2,765		1,385		6,507		3,531

Provision for loan losses		582		524		955		1,236

Net interest income after provision for loan losses		2,183		861		5,552		2,295

Noninterest income:
Service charges and fees		375		1		816		52
Other		48		63		86		118

Total noninterest income		423		64		902		170

Noninterest expenses:
Salaries and employee benefits		921		582		2,347		1,616
Professional fees		141		121		393		368
Occupancy and equipment		156		146		467		435
Data processing		195		132		542		381
Insurance		23		21		69		66
Regulatory assessment		20		59		147		129
Other		233		360		780		621

Total noninterest expenses		1,689		1,421		4,745		3,616

Net earnings (loss) before income taxes		917		(496)		1,709		(1,151)

Income taxes		—		—		—		—

Net earnings (loss)	$	917	$	(496)	$	1,709	$	(1,151)

Net earnings (loss) per share - basic and diluted	$	0.21	$	(0.17)	$	0.47	$	(0.39)

	2021		2020
	Year Ended December 31,
	2021		2020
Interest income:
Loans	$	9,756	$	6,413
Debt securities		488		192
Other		145		105

Total interest income		10,389		6,710

Interest expense:
Deposits		651		1,277
Borrowings		334		443

Total interest expense		985		1,720

Net interest income		9,404		4,990

Provision for loan losses		1,173		1,020

Net interest income after provision for loan losses		8,231		3,970

Noninterest income:
Service charges on deposits		1,331		272
Gain on sale of premises and equipment, net		340		-
Other		103		22

Total noninterest income		1,774		294

Noninterest expenses:
Salaries and employee benefits		3,653		2,324
Professional fees		563		558
Occupancy and equipment		650		570
Data processing		765		546
Insurance		95		85
Regulatory assessment		164		158
Other		1,046		805

Total noninterest expenses		6,936		5,046

Net income (loss) before income tax benefit		3,069		(782)

Income tax benefit		(3,227)		-

Net income (loss)	$	6,296	$	(782)

Net income (loss) per share - basic and diluted	$	1.61	$	(0.27)


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Interest income:
Loans	$	2,178	$	1,561	$	4,025	$	2,974
Debt securities		86		49		177		95
Other		26		16		53		60

Total interest income		2,290		1,626		4,255		3,129

Interest expense:
Deposits		153		355		334		757
Borrowings		81		121		179		226

Total interest expense		234		476		513		983

Net interest income		2,056		1,150		3,742		2,146

Provision for loan losses		397		523		373		712

Net interest income after provision for loan losses		1,659		627		3,369		1,434

Noninterest income:
Service charges and fees		270		2		441		51
Other		32		31		37		55

Total noninterest income		302		33		478		106

Noninterest expenses:
Salaries and employee benefits		727		486		1,425		1,034
Professional fees		140		76		252		247
Occupancy and equipment		159		141		311		289
Data processing		169		132		347		249
Insurance		23		21		46		45
Regulatory assessment		66		29		127		70
Other		233		122		547		261

Total noninterest expenses		1,517		1,007		3,055		2,195

Net earnings (loss) before income taxes		444		(347)		792		(655)

Income taxes		—		—		—		—

Net earnings (loss)	$	444	$	(347)	$	792	$	(655)

Net earnings (loss) per share - Basic and diluted	$	0.14	$	(0.12)	$	0.24	$	(0.23)

Table search / Optimumbank Holdings Inc. / "Assessment"

	2022		2021
	Three Months Ended
	March 31,
	2022		2021
Interest income:
Loans	$	3,263	$	1,847
Debt securities		163		91
Other		37		27

Total interest income		3,463		1,965

Interest expense:
Deposits		175		181
Borrowings		61		98

Total interest expense		236		279

Net interest income		3,227		1,686

Provision (credit) for loan losses		392		(24)

Net interest income after provision (credit) for loan losses		2,835		1,710

Noninterest income:
Service charges and fees		589		151
Other		61		25

Total noninterest income		650		176

Noninterest expenses:
Salaries and employee benefits		1,335		698
Professional fees		147		112
Occupancy and equipment		167		152
Data processing		277		178
Insurance		24		23
Regulatory assessment		77		61
Other		313		314

Total noninterest expenses		2,340		1,538

Net earnings before income taxes		1,145		348

Income taxes		290		—

Net earnings	$	855	$	348

Net earnings per share - basic and diluted	$	0.17	$	0.11