secwatch.observer — SEC 8-K summary
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Issuer:     OptimumBank Holdings, Inc. (OPHC)
CIK:        0001288855
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001493152-23-044134
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OptimumBank assets exceed $755.7M; core earnings up to $1.41M; SBA lending approved
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- Total assets reached $755.7M as of Oct 2023, up $43M from prior month; net loans increased $26M.
- Core earnings (non-GAAP) for Oct 2023 were $1,410,900, up from $963,215 at Dec 2022.
- SNF loan portfolio grew to over $28M since entering that business last year.
- Approved for SBA lending; closed first $300K loan, $15M pipeline, targeting $50M in SBA loans in 2024.
- Net income for Oct 2023 was $749,888 versus $540,836 at Dec 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288855/000149315223044134/0001493152-23-044134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288855/000149315223044134/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer