2. OptimumBank

OptimumBank


Overview / Commentary
www.optimumbank.com
954-900-2860
10197 Cleary Boulevard
Plantation, FL 33324

OptimumBank is headquartered in Plantation and is the 103rd largest bank in the state of Florida. It is also the 4,141st largest bank in the nation. It was established in 2000 and as of December of 2018, it had grown to 19 employees at 3 locations. OptimumBank's money market rates are 6X the national average, and it has a B+ health rating.

Related Posts

OptimumBank Offers 2.60% APY Money Market In South Florida - 1/26/2019

OptimumBank's (south Florida) Personal Money Market is offering a 2.60% APY ($100k min) guaranteed through 1/31/2020. Balances between $1k and $100k earn 2.10% APY.

2.60% APY Money Market - 1/24/2019

They are running banner ads on the Sun Sentinel website promoting their "2.60% apy money market." No rates are listed on their website. I believe that would make them a rate leader.

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Health
B+

Data as of Q4 2018

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. OptimumBank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #35430
Year Established2000
Employees19
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.7%
Return on Equity - YTD15.4%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$99.3MM$95.7MM
LoansQ4 2018vs Q4 2017$77.2MM$68.2MM
DepositsQ4 2018vs Q4 2017$62.9MM$65.3MM
Equity CapitalQ4 2018vs Q4 2017$10.9MM$9.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$2.2MM$4.0MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.4MM$0
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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 Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%*$100k*-Personal Money Market
OTHER TIERS: 2.10% → $1k - $100k
Locations


OptimumBank Locations
Optimumbank10197 Cleary BoulevardPlantation, FL 33324
Shoppes Of Hillsboro Shopping Center Branch2215 West Hillsboro BoulevardDeerfield Beach, FL 33442
Galt Ocean Mile Branch2477 E. Commercial Blvd.Fort Lauderdale, FL 33308

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