OptimumBank (OPHC) Registration Filing summary

Company overview and business model

• Operates as a bank holding company for a Florida state-chartered bank, offering community banking services through two offices in Broward County, Florida.

• Regulated by the Federal Reserve, FDIC, and Florida Office of Financial Regulation; member of the Federal Home Loan Bank of Atlanta.

• Common stock trades on Nasdaq under the symbol OPHC.

Financial performance and metrics

• As of March 31, 2024, 66.13% of the net loan portfolio is secured by commercial real estate, and 25.23% by residential, multi-family, and land/construction real estate in Florida.

• At March 31, 2024, 91.36% of loans had real estate as primary or secondary collateral.

• Commercial real estate loans at March 31, 2024, totaled 66.13% of the net loan portfolio, with concentrations in hotels, healthcare, offices, retail centers, and single-family rentals.

Use of proceeds and capital allocation

• No proceeds will be received from this offering; all proceeds go to selling stockholders.

• Company will bear registration and related expenses, while selling stockholders cover selling commissions and related costs.

• Capital is used to maintain liquidity, support bank growth, and service outstanding debt.