10197 Cleary Boulevard
Plantation, FL 33324


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35430
Date Established 2000
Assets $0.11 billion
Loans $0.08 billion
Deposits $0.09 billion
Capital $0.01 billion

OptimumBank is an FDIC insured institution located in Plantation, FL. It was founded in 2000 and has approximately $0.11 billion in assets. Customers can open an account at one of its 3 branches.

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

Deposit Rates - October 20, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
1.14% $1,000 $24,999 Learn MoreShow Less
Money Market
1.26% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.50% $1,000 - Learn MoreShow Less
6 Mo CD
0.75% $1,000 - Learn MoreShow Less
12 Mo CD
1.00% $1,000 - Learn MoreShow Less
Special: 13 Mo CD
2.25% $1,000 - Learn MoreShow Less
18 Mo CD
1.25% $1,000 - Learn MoreShow Less
24 Mo CD
1.50% $1,000 - Learn MoreShow Less
36 Mo CD
1.75% $1,000 - Learn MoreShow Less
48 Mo CD
2.00% $1,000 - Learn MoreShow Less
60 Mo CD
2.25% $1,000 - Learn MoreShow Less

Fixed IRA
1.00% $1,000 - Learn MoreShow Less
Special: 13 Mo FIRA
2.25% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.50% $1 $1,499 Learn MoreShow Less
Int Ckg
1.25% $1,500 - Learn MoreShow Less

Loan Rates - October 20, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for OptimumBank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.408% 3.375% 0.38 $1,020 $1,106 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to OptimumBank
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OptimumBank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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OptimumBank Locations

Financial Details

OptimumBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of OptimumBank. 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
OptimumBank U.S. Bank Average
0% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, OptimumBank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,898,000 in equity and $2,053,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
OptimumBank U.S. Bank Average
-0.7% 9.50%

OptimumBank has a Return on Equity of -0.7% versus the BestCashCow average of 9.50%. 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.

OptimumBank U.S. Bank Average
9.87% 12.76%

OptimumBank has a Capitalization of 9.87% versus the BestCashCow average of 12.76. 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.

OptimumBank Balance Sheet Analysis

As of June 30, 2019, OptimumBank had assets of $110,372,000, loans of $80,860,000, and deposits of $86,089,000. 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.

Summary Balance Sheet

June 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.08 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.10 billion
Total deposits $0.09 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.09 billion
      % insured (estimated) 86.14%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.10 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $-0.00 billion

Bank Loan Profile?

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

Compared to other banks, OptimumBank’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.08
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 13.52
Construction and Development Loans 0.17
Commercial Real Estate 55.95
Commercial and Industrial Loans 5.94
Farm Loans 0.00

Frequently Asked Questions About Optimumbank

Branches and Savings

Is Optimumbank FDIC insured?

Yes. It is covered under FDIC Certificate #35430.

Why does Optimumbank pay such low interest on savings accounts?

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

Why are Optimumbank CD rates not competitive?

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

Is Optimumbank a commercial bank?


Where are Optimumbank locations?

See branch locations nearby.

Is Optimumbank open on Saturdays?

Is Optimumbank open on Sundays?

What time does Optimumbank open?

What time does Optimumbank close?

Are Optimumbank ATMs Open 24/7?

Do Optimumbank ATMs accept cash deposits?

Can Optimumbank customers use other ATMs?

Do Optimumbank branches have notaries?

Will Optimumbank notarize my document?

What address for Optimumbank should I put for incoming ACH transfers?

Will the Optimumbank branch print checks?

Do Optimumbank checks expire?

Does Optimumbank require US citizenship to open account?

Can Optimumbank close my account?

Does Optimumbank Report to credit bureaus?

Does Optimumbank Use Equifax?

What is Optimumbank's ACH Routing Number?

What is Optimumbank's SWIFT code?


Does Optimumbank offer mortgages?

Compare mortgage rates here.

Does Optimumbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Optimumbank offer personal loans?

Compare personal loan rates here.

Does Optimumbank offer student loans?

Will Optimumbank cash a check?

Will Optimumbank redeem a savings bond?

Does Optimumbank cash savings bonds?

Will Optimumbank cash money orders?

Can Optimumbank issue a money order?

Does Optimumbank do currency exchange?

Background on The Bank

Who owns Optimumbank?

How long has Optimumbank been around?

Can Optimumbank transfer to other banks?

Does Optimumbank have quick pay?

Does Optimumbank accept rolled coins?

Will Optimumbank accept loose change?

Where is Optimumbank headquarters?

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