---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-020156"
form_type: "8-K"
ticker: "OPHC"
cik: "0001288855"
company_name: "OptimumBank Holdings, Inc."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T19:26:07.529217+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OptimumBank Q1 net earnings double to $2.38M; loan portfolio up 50% YoY

## Summary
- Net earnings of $2.377M vs $1.153M in Q1 2023, a 106% increase.
- Total assets $940M; loans net of allowance $746M; deposits $798M.
- Loan portfolio grew 50.4% YoY to $755.9M from $502.5M.
- Noninterest income rose 70% to $1.2M; capital ratio 10.20% (well capitalized).
- Closed private placement of 2.31M common shares; launched SBA 7A lending.

## SEC filing metadata
- accession: 0001493152-24-020156
- form_type: 8-K
- ticker: OPHC
- cik: 0001288855
- company_name: OptimumBank Holdings, Inc.
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288855/000149315224020156/0001493152-24-020156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288855/000149315224020156/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-020156
- JSON: https://secwatch.observer/filing/0001493152-24-020156.json
- Plain text: https://secwatch.observer/filing/0001493152-24-020156.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.