Optimumbank Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 11:54 am EDT
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OptimumBank Holdings, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 1.150 million compared to USD 753,000 a year ago. Net loss was USD 347,000 compared to USD 430,000 a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.23 a year ago. For the half year, net interest income was USD 2.146 million compared to USD 1.502 million a year ago. Net loss was USD 655,000 compared to USD 576,000 a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.31 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. 
