OPHC (OptimumBank Holdings) Allowance For Loans And Lease Losses : $-8.21 Mil (As of Jun. 2024)

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What is OptimumBank Holdings Allowance For Loans And Lease Losses?

OptimumBank Holdings's Allowance For Loans And Lease Losses for the quarter that ended in Jun. 2024 was $-8.21 Mil.

OptimumBank Holdings's quarterly Allowance For Loans And Lease Losses declined from Dec. 2023 ($-7.68 Mil) to Mar. 2024 ($-8.28 Mil) but then increased from Mar. 2024 ($-8.28 Mil) to Jun. 2024 ($-8.21 Mil).

OptimumBank Holdings's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-3.08 Mil) to Dec. 2022 ($-5.79 Mil) and declined from Dec. 2022 ($-5.79 Mil) to Dec. 2023 ($-7.68 Mil).

OptimumBank Holdings Allowance For Loans And Lease Losses Historical Data

The historical data trend for OptimumBank Holdings's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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OptimumBank Holdings Allowance For Loans And Lease Losses Chart

OptimumBank Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-2.01

-1.91

-3.08

-5.79

-7.68

OptimumBank Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-6.65	-7.20	-7.68	-8.28	-8.21

OptimumBank Holdings Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

OptimumBank Holdings Allowance For Loans And Lease Losses Related Terms

Thank you for viewing the detailed overview of OptimumBank Holdings's Allowance For Loans And Lease Losses provided by GuruFocus.com. Please click on the following links to see related term pages.

OptimumBank Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OptimumBank Holdings Inc (NAS:OPHC) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 East Commercial Boulevard, Suite 303, Fort Lauderdale, FL, USA, 33308

Website

https://www.optimumbank.com

OptimumBank Holdings Inc serves as a bank holding company for OptimumBank. The Bank provides a range of community banking services to individuals and corporate customers. Its services include demand interest-bearing and non-interest-bearing accounts, negotiable order of withdrawal account, money market deposit accounts, debit cards, and automated teller machines.

Executives

Moishe Gubin	director	2929 E. COMMERCIAL BLVD, FORT LAUDERDALE FL 33308
Chan Heng Fai Ambrose	director	2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Jeffry T Wagner	director	7667 N. WICKHAM RD, SUITE 516, MELBOURNE FL 32940
Norman Joseph Ginsparg	director	3800 N 39 AVE, HOLLYWOOD FL 33021
Joel J. Klein	director	2477 E. COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33308
Seth Gillman	director	2477 E. COMMERCIAL BLVD, FORT LAUDERDALE FL 33308
Sam Borek	director	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Thomas A Procelli	officer: EXECUTIVE VICE PRESIDENT	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Wendy Mitchler	director	OPTIMUMBANK, 2477 EAST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33308
Howard Zusman	officer: Sr. VP-CLO, OptimumBank	2477 EAST COMMERCIAL BLVD, FORT LAUDERDALE FL 33308
Robert Acri	director	2477 E. COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33308
David Krinsky	director	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Albert J Finch	director, officer: Chairman of the Board, CEO	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Richard L Browdy	director, officer: President, CFO	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324
Irving P Cohen	director	OPTIMUMBANK, 10197 CLEARY BOULEVARD, PLANTATION FL 33324