Optimumbank Holdings, Inc. · AMEX:OPHC
Optimumbank — FY2023 Earnings Presentation
15 slides from Optimumbank's earnings presentation, Feb 6, 2024
Slide 1: OptimumBank Holdings, Inc. December 31, 2023
OPTIMUMBANK OptimumBank Holdings, Inc. December 31, 2023 (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 Elliot Nunez EVP, CFO Mr. Moishe Gubin has served as a Director of the OptimumBank Holdings, Inc. (Company) and OptimumBank (Bank) since March 2010. Mr. Gubin is Chief E
Slide 4: Business Evolution and Milestones
Business Evolution and Milestones 2000 OptimumBank.com 2008 2006 2021 te Fort Lauderdale OptimumBank Growth to over : branch is Holdings began $335 million in business in cd trading on NASDAQ assets 2023 Growth to over $791 million in assets () 2004 2004 2020 2022 Deerfield Bank changed Bank celebra
Slide 5: OptimumBank Holdings, Inc. Overview
OptimumBank Holdings, Inc. Overview Holding Company for OptinumBank $791 Million in Total Assets + 104.93% Loan / Deposit Ratio * $680 million Loan Portfolio * $639 million Deposits SB NASDAQ: OPHC *Common Shares Outstanding: 7,250,219 oShare Price / Tangible Book: 0.40 (1) *Total Shares Outstanding
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 (O Florida is ranked fourth in the country and 14th in the world by GDP size {O South Florida accounts for 1/3" of Florida GDP Population», Florida is the th
Slide 7: Our History, Transformation and Significant Growth and Expansion
Our History, Transformation and Significant Growth and Expansion Employee Count Noninterest Expense ($000) $5936 $5086 L atl an aig mak Expansion of Franchise Footprint Total Assets ($000) sues $791,256 $9938 $585,219 $351,878 $235,112 i wis 2020S moan O20 22 3 Profitability Improvement = 2000: Firs
Slide 8: Growth and Momentum Across All Areas
Growth and Momentum Across All Areas Lending Deposits Non-Interest Income Gross Loa INS Total Deposits $in thousands Sin thousands = ad Se39581 s7eno0 sas seo & x seas yee ssmacon weer a — oe 7 sno & stein some sons sso. sau sian i sain seen ses A sous soaaee suo sion To 8 -B OOO Y Composition ccave
Slide 9: Leading Core Deposit Franchise
Leading Core Deposit Franchise Areas of Focus $63! 0 + Total Deposits [0 « Noninterest Bearing Deposits 09% + Cost of Total Interest-Bearing Deposits Keys to Success Y Dedicated Deposit Relationship Managers v¥ Merchant Cash Advance Industry Composition by Branches = FtLlauderdale = Deerfield (7D da
Slide 10: Credit Trends
Credit Trends Reserves / Loans (%) Non-Performing Assets / Total Assets (%) 2.00% 1.75% 150% 1.25% 1.00% 0.75% 0.509% 0.25% 0.009% 1.90% 1.23% 1020 trade! (WYSE and 1.22% 1.20% 1.13% 2021202028 OPTIMUMBANK AQ) US. banks and this ith most recent qu 1.00% 0.90% 0.60% 1.00% 0.50% 0.33% 0.13% 0.00% 0.00
Slide 11: Loan Detail
Loan Detail Industry Classification Breakdown Loan Growth by Loan Portfolio (2019-2023) Consume, = Commas 6.47% ere Commercit 35% {and and apes Land and construction fl2206% om “wom Consumer IS 79% eve ea te SAS ‘Multi-Family RealEstate INNIS 704% Commence eo, 2.15% m2019 2020 2021 02022 2023 Loan G
Slide 12: Focus on Liquidity and Quality as of December 31, 2023
Focus on Liquidity and Quality as of December 31, 2023 S101MM of Available Liquidity = Including Cash and Investments Available for Sale = Liquid assets as a percent of deposits is 15.9% $147MM of Off-Balance Sheet Liquidity Sources * Including FHLB, Federal Reserve Bank, and Fed Funds lines * $35MM
Slide 13: Go-Forward Focus
Go-Forward Focus v Continue executing strategic plan v Further hiring to support lending capabilities Strategic v Further build out and integration of fee-based income business v Evaluate opportunistic M&A opportunities Y Continued increase in Non-Interest Income vY Focus on maintaining Net Interest
Slide 14: Compelling Investment Opportunity
Compelling Investment Opportunity Balance Sheet Growth OptimumBank v: are Growth Rates EES Dm snseconnnates Broader Bank Universe 2019 -2023 Loan Growth CAGR Tangible Book Value Per Share Price / Tangible Book Value (x) 53.90% soso $1029 wae $8.06 1.10x 02x 09x 042 o40x 3% I oT r i OPTIMUMBANK Natio
Slide 15: 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