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 three offices in Broward and Miami-Dade Counties, Florida.

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

• Focuses on individual and corporate customers, with a significant concentration in commercial and real estate lending.

Financial performance and metrics

• As of August 6, 2024, market value of outstanding shares held by non-affiliates was approximately $36.33 million, based on 8,094,534 shares at $4.49 per share.

• 65% of the net loan portfolio is secured by commercial real estate, with additional exposure to residential, multi-family, and land/construction loans.

• No shares sold under the current shelf registration in the past 12 months.

Use of proceeds and capital allocation

• Net proceeds from the offering will be used for capital contributions to the bank subsidiary and for general corporate purposes.

• Management has broad discretion in capital deployment, including branch expansion, loan growth, and debt servicing.