Optimumbank Holdings Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
January 30, 2014 at 02:15 pm EST
Share
OptimumBank Holdings Inc. reported earning results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net loss of approximately $2.0 million, or $0.25 per basic share, compared to a net loss for the same period last year of approximately $2.3 million, or $0.28 per basic share adjusted for the reverse stock split that occurred on June 3, 2013.
The net loss for the year ending December 31, 2013 was approximately $6.8 million, or $0.84 per basic share, compared to a net loss for the prior year of approximately $4.7 million, or $0.60 per basic share, also adjusted for the reverse stock split.
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. 
