secwatch.observer — SEC 8-K summary
======================================

Issuer:     OptimumBank Holdings, Inc. (OPHC)
CIK:        0001288855
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001493152-24-020156
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288855/000149315224020156/0001493152-24-020156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288855/000149315224020156/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020156

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