secwatch.observer — SEC 8-K summary
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Issuer:     OptimumBank Holdings, Inc. (OPHC)
CIK:        0001288855
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001493152-24-004936
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OptimumBank 2023 net income $7.3M; assets up 36% to $791M; SBA lending goal $50M
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- Net income for the Bank was $7,254,285 in 2023; shareholder equity $70M.
- Total assets reached $791M, up 35.53% from $584M; loan portfolio grew 40.69% to $680M.
- Secured lending limit $18.7M, unsecured $11.2M.
- New national SBA lending program expected $50M in closings in 2024; $20M accounts receivable credit lines provided to Skilled Nursing Facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288855/000149315224004936/0001493152-24-004936-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288855/000149315224004936/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004936

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