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Overview / Commentary
10197 Cleary Boulevard
Plantation, FL 33324

OptimumBank is headquartered in Plantation and is the 153rd largest bank in the state of Florida. It is also the 4,099th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 20 employees at 3 locations. OptimumBank's money market rates are 30% higher than the national average, but it has a D health rating.

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 OptimumBank had $16.99 million in non-current loans and owned real-estate with $8.59 million in equity and loan loss allowances on hand to cover it. This gives OptimumBank a Texas Ratio of 197.86% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for OptimumBank experienced no significant changes from 190.33% as of December 31, 2012 to 197.86% as of December 31, 2013, resulting in a negative change of 3.95%. This indicates that the balance sheet and financial strength for OptimumBank has had no significant changes in recent periods.

Deposit Growth


In the past year, OptimumBank has decreased its total deposits by -$3.37 million, resulting in -3.28% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth OptimumBank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. OptimumBank has $128.66 million in assets with $8.59 million in equity, resulting in a capitalization level of 6.67%, which is below average.

Institution Statistics

FDIC Certificate #35430
Year Established2000
Primary RegulatorFDIC
Assets and Liabilities
Assets$128.66 million
Loans$79.25 million
Deposits$99.39 million
Equity Capital$5.76 million
Loan Loss Allowance$2.83 million
Unbacked Noncurrent Loans$9.43 million
Real Estate Owned$7.55 million
Historic Data - December 2012
Assets$143.83 million
Equity Capital$12.26 million
Loan Loss Allowance$2.46 million
Unbacked Noncurrent Loans$9.43 million
Real Estate Owned$10.94 million
Profit Margin - Quarterly
Net Interest Margin3.08%
Return on Assets-4.71%
Return on Equity-72.24%
Interest Income$5.33 million

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OptimumBank Savings Account Rates

0.25%$100k-Optimum Savings
0.15%--Regular Savings

OptimumBank Money Market Rates

0.57%$100k-Money Market Checking
0.57%$100k-Business Money Market Checking

OptimumBank Checking Account Rates

0.25%$1k-Optimum Checking

OptimumBank CD Rates

1.20%$1k-60 Month CD
0.95%$1k-48 Month CD
0.90%$1k-42 Month CD
0.80%$1k-36 Month CD
0.75%$1k-30 Month CD
0.65%$1k-24 Month CD
0.55%$1k-18 Month CD
0.45%$1k-12 Month CD
0.35%$1k-9 Month CD
0.30%$1k-6 Month CD
0.20%$1k-3 Month CD

OptimumBank Locations
Optimumbank10197 Cleary BoulevardPlantation, FL 33324
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