Optimumbank Holdings, Inc. · AMEX:OPHC
Optimumbank — Q1 2024 Earnings Presentation
16 slides from Optimumbank's earnings presentation, May 6, 2024
Slide 1: OptimumBank Holdings, Inc. March 31, 2024
OPTIMUMBANK OptimumBank Holdings, Inc. March 31, 2024 (NASDAQ: OPHC)
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements, which can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “plan,” “seek,” “expect” and words of similar meaning. These forward-looking statements include, but are not
Slide 3: Leadership Team
Leadership Team Experienced Team with Strong Ties to the Community Moishe Gubin Chairman of the Board Timothy Terry President, CEO Director of OptimumBank Holdings, Inc. (Company) and OptimumBank (Bank) since March 2010 Chief Executive Officer of Strawberry Fields REIT (NYSE: STRW), an owner of a po
Slide 4: Business Evolution and Milestones
Business Evolution and Milestones optimanberk com 2004 2006 2021 2023 caprawanliar Fort Lauderdale OptimumBank Growth to over Growth to over Teel " branch is Holdings began $335 million in $791 million in usiness in * Plantation, FL trading on NASDA\ assets assets eo poo 224) awe es $941 Deerfield B
Slide 5: OptimumBank Holdings, Inc. Overview
OptimumBank Holdings, Inc. Overview Holding Company for OptimumBank $941 Million in Total Assets + 93.48% Loan / Deposit Ratio + $756 million Loan Portfolio + $798 million Deposits AN NASDAQ: OPHC + Common Shares Outstanding: 9,634,821 + Stock Price / Tangible Book Value: 0.47 () + Total pro-forma s
Slide 6: Florida Market Trends and Advantages
Florida Market Trends and Advantages GDP) Florida has a GDP of $1.4 Trillion Dollars O Florida’s GDP growth is ranked third in the country South Florida accounts for 1/3rd of Florida GDP Q Miami-Fort Lauderdale- West Palm Beach, FL (MSA) Real GDP grew 3.3% vs 2.0% for US 2018-2022 Population & Emplo
Slide 7: Our History, Transformation and Significant Growth and Expansion
Our History, Transformation and Significant Growth and Expansion Noninterest Expense ($000) Employee Count ‘as of March 31, 2024, is $4,709, annualized $18,836 Total Assets ($000) same $010,633 791254 suasst 505.219 508 i 278 ‘J sais af 235,12 ama 2a a ed aod eam 2008 March 2024 annuszed Expansion o
Slide 8: Growth and Momentum Across All Areas
Growth and Momentum Across All Areas Lending Deposits Non-Interest Income Gross Loans Total Deposits ‘As of March 31, 2024, $1,239 (Annualized $4,956) Sin thousands $in thousands ‘Sin thousands sane 28409 4956 mmo mS Cnte te eh a 2020 oa. ao mn nae Composition comer 5306 Loan Fees ' ame 5.79% Deposi
Slide 9: Leading Core Deposit Franchise
Leading Core Deposit Franchise Areas of Focus [fe - Total Deposits [ele - Noninterest Bearing Deposits ‘ivi + Cost of Total Interest-Bearing % - Deposits Composition by Branches Keys to Success Y Dedicated Deposit Relationship Managers v Merchant Cash Advance Industry oi (TD data as of harch 2) elud
Slide 10: Credit Trends
Credit Trends Reserves / Loans (%) Non-Performing Assets / Total Assets (%) 0% a 2.00% 9.9006 1.23% 1.22% 1.20% 1.20% 1.25% 1.13% 4.10% 1.00% 0.51% 078% 0.50% 0.50% 0.25% 0.13% 0.08% a noo com aM OprIMUMBANK Pe m2 © 2021-—«—2022-«=«023_March 2026. National! OPTIMUMBANK Pees (2) Peers consist of61 pu
Slide 11: Loan Detail
Loan Detail Industry Classification Breakdown Loan Growth by Loan Portfolio (2020-March 2024) : Consumer, commercial, ij Residential, 4.48% aaa 9.37% ‘Mutifamity, 857% ‘Commercial real estate, 65.30% Commercat I 55% Land and construction fito09% Residential Real Estate [IRIN 134% Muti-Fomily Real st
Slide 12: Focus on Liquidity and Quality as of March 31, 2024
Focus on Liquidity and Quality as of March 31, 2024 $151MM of Available Liquidity = Including Cash and Investments Available for Sale = Liquid assets as a percent of deposits is 18.99% $187MM of Off-Balance Sheet Liquidity Sources = Including FHLB, Federal Reserve Bank, and Fed Funds lines * $135MM
Slide 13: Go-Forward Focus
Go-Forward Focus Y Continue executing strategic plan v Further hiring to support lending capabilities Strategic v Evaluate opportunistic M&A opportunities Y Continued increase in Non-Interest Income v Focus on maintaining Net Interest Margin Financial Outlook Y Price to tangible book value of 1.10x
Slide 14: Compelling Investment Opportunity
Compelling Investment Opportunity Balance Sheet Growth Rates 2020 -March 2024 Loan Growth CAGR Per Share Growth Rates Tangible Book Value Per Share Efficiency Ratio OptimumBank vs. Broader Bank Universe 53.900 46% om OPTIMUMBANK §=—_ National Peer Median 2020- March 2024 Deposit Growth CAGR $8.06 $2
Slide 15: Board of Directors
Board of Directors Moishe Gubin Chairman of the Board Director of the OptimumBank Holdings, Inc. (Company) and OptimumBank (Bank) since March 2010 Chief Executive Officer of Strawberry Fields REIT, LLC, an owner of a portfolio of healthcare properties Previously, Chief Financial Officer and manager
Slide 16: Contact Information
Contact Information Corporate Headquarters Company Contacts OPTIMUMBANK OptimumBank Holdings, Inc. 2929 East Commercial Boulevard Suite 303 Fort Lauderdale, FL 33308 (954) 900-2800 www.optimumbank.com Moishe Gubin Chairman of the Board & Director Phone: (954) 900-2813 Email: mgubin@optimumbank.com T