Optimumbank Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 07:43 pm IST
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OptimumBank Holdings, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 1.385 million compared to USD 723,000 a year ago. Net loss was USD 496,000 compared to USD 280,000 a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.15 a year ago. For the nine months, net interest income was USD 3.531 million compared to USD 2.224 million a year ago. Net loss was USD 1.151 million compared to USD 856,000 a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.45 a year ago.
OptimumBank Holdings, Inc. is a bank holding company for OptimumBank (the Bank). The Bank is a state-chartered bank, which offers a variety of community banking services to individual and corporate customers through its two banking offices located in Broward County, Florida. The Bank provides a range of consumer and commercial banking services to individuals and businesses. The Bankâs services offered includes demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, negotiable order of withdrawal (NOW) accounts, time deposits, Visa debit and automated teller machine (ATM) cards, cash management, direct deposits, notary services, money orders, night depository, cashierâs checks, domestic collections, and banking by mail. It provides ATM cards and Visa debit cards, as a part of the Star, Presto and Cirrus networks, thereby permitting customers to utilize the convenience of ATMs worldwide. The Bank offers business lending lines for working capital needs.
OPTIMUMBANK HOLDINGS, INC. 
