Optima Bank & Trust Company

143 Daniel Street
Portsmouth, NH 03801

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58699
Date Established 2008
Assets $0.44 billion
Loans $0.38 billion
Deposits $0.41 billion
Capital $0.03 billion

Optima Bank & Trust Company is an FDIC insured institution located in Portsmouth, NH. It was founded in 2008 and has approximately $0.44 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of Optima Bank & Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Optima Bank & Trust Company’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Optima Bank & Trust Company’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 54.83
Multifamily
Mortgages
6.29
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 15.00
Construction and Development Loans 6.84
Commercial Real Estate 25.89
Commercial and Industrial Loans 5.72
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.45% $1,000 - Learn MoreShow Less
03MCD100K
0.40% $1,000 $9,999,999 Learn MoreShow Less
6 Mo CD 10K
0.50% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.10% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM2.5K
0.10% $1 $9,999 Learn MoreShow Less
MM10K
0.15% $10,000 $24,999 Learn MoreShow Less
MM25K
0.20% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.65% $1 $9,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Optima Bank & Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Optima Bank & Trust Company Locations

Financial Details

Optima Bank & Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Optima Bank & Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Optima Bank & Trust Company U.S. Bank Average
5.4% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Optima Bank & Trust Company had $1,772,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,913,000 in equity and $2,903,000 in loans loss reserves. That gives it a Texas Ratio of 5.4%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Optima Bank & Trust Company U.S. Bank Average
5.08% 8.58

Optima Bank & Trust Company has a Return on Equity of 5.08% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Optima Bank & Trust Company U.S. Bank Average
6.76% 12.11

Optima Bank & Trust Company has a Capitalization of 6.76% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Optima Bank & Trust Company Balance Sheet Analysis

As of June 30, 2017, Optima Bank & Trust Company had assets of $442,655,000, loans of $383,485,000, and deposits of $405,100,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Optima Bank & Trust Company

Branches and Savings

Is Optima Bank & Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #58699.

Why does Optima Bank & Trust Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Optima Bank & Trust Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Optima Bank & Trust Company a commercial bank?

Yes

Where are Optima Bank & Trust Company locations?

See branch locations nearby.

Is Optima Bank & Trust Company open on Saturdays?

Is Optima Bank & Trust Company open on Sundays?

What time does Optima Bank & Trust Company open?

What time does Optima Bank & Trust Company close?

Are Optima Bank & Trust Company ATMs Open 24/7?

Do Optima Bank & Trust Company ATMs accept cash deposits?

Can Optima Bank & Trust Company customers use other ATMs?

Do Optima Bank & Trust Company branches have notaries?

Will Optima Bank & Trust Company notarize my document?

What address for Optima Bank & Trust Company should I put for incoming ACH transfers?

Will the Optima Bank & Trust Company branch print checks?

Do Optima Bank & Trust Company checks expire?

Does Optima Bank & Trust Company require US citizenship to open account?

Can Optima Bank & Trust Company close my account?

Does Optima Bank & Trust Company Report to credit bureaus?

Does Optima Bank & Trust Company Use Equifax?

What is Optima Bank & Trust Company's ACH Routing Number?

What is Optima Bank & Trust Company's SWIFT code?

Products

Does Optima Bank & Trust Company offer mortgages?

Compare mortgage rates here.

Does Optima Bank & Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Optima Bank & Trust Company offer personal loans?

Compare personal loan rates here.

Does Optima Bank & Trust Company offer student loans?

Will Optima Bank & Trust Company cash a check?

Will Optima Bank & Trust Company redeem a savings bond?

Does Optima Bank & Trust Company cash savings bonds?

Will Optima Bank & Trust Company cash money orders?

Can Optima Bank & Trust Company issue a money order?

Does Optima Bank & Trust Company do currency exchange?

Background on The Bank

Who owns Optima Bank & Trust Company?

How long has Optima Bank & Trust Company been around?

Can Optima Bank & Trust Company transfer to other banks?

Does Optima Bank & Trust Company have quick pay?

Does Optima Bank & Trust Company accept rolled coins?

Will Optima Bank & Trust Company accept loose change?

Where is Optima Bank & Trust Company headquarters?

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