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 branches 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.

• Publicly traded on Nasdaq under the symbol OPHC.

Financial performance and metrics

• As of March 31, 2024, approximately 91% of the loan portfolio is secured by real estate, with 66% in commercial real estate and 25% in residential, multi-family, and land/construction.

• At March 31, 2024, 5.12% of the net loan portfolio was to owners/operators of skilled nursing facilities.

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 pay selling commissions and related costs.