OptimumBank
LOCATIONS
3
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HEALTH RATING
C+
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CURRENT TOP RATE
1.20% APY
60 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.20% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.45% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.15% | Savings | Regular Savings 1.00% - Ally Bank Online Savings Account |
Overview / Commentary
OptimumBank is headquartered in Plantation and is the 122nd largest bank in the state of Florida. It is also the 3,989th largest bank in the nation. It was established in 2000 and as of June of 2016, it had grown to 17 employees at 3 locations. OptimumBank has a C+ health rating.
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Health
C+
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35430 |
| Year Established | 2000 |
| Employees | 17 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 2.95% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $123.4MM$132.5MM |
| Loans | Q2 2016vs Q2 2015 | $79.4MM$82.7MM |
| Deposits | Q2 2016vs Q2 2015 | $93.2MM$100.1MM |
| Equity Capital | Q2 2016vs Q2 2015 | $9.4MM$8.8MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $4.2MM$2.2MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $2.2MM$6.5MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $2.4MM$4.3MM |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
OptimumBank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $100k* | - | Optimum Savings | ||
| OTHER TIERS: 0.15% → Up to $100k | |||||
| 0.15% | - | - | Regular Savings | ||
OptimumBank Money Market Rates
OptimumBank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $1k* | - | Optimum Checking | ||
| OTHER TIERS: 0.00% → Up to $1k | |||||
OptimumBank CD Rates
Locations
| OptimumBank Locations | ||
|---|---|---|
| Optimumbank | 10197 Cleary Boulevard | Plantation, FL 33324 |
| Shoppes Of Hillsboro Shopping Center Branch | 2215 West Hillsboro Boulevard | Deerfield Beach, FL 33442 |
| Galt Ocean Mile Branch | 2477 E. Commercial Blvd. | Fort Lauderdale, FL 33308 |