0001288855
false
Q2
--12-31
0001288855
2023-01-01
2023-06-30
0001288855
2023-08-09
0001288855
2023-06-30
0001288855
2022-12-31
0001288855
us-gaap:SeriesAPreferredStockMember
2023-06-30
0001288855
us-gaap:SeriesAPreferredStockMember
2022-12-31
0001288855
us-gaap:SeriesBPreferredStockMember
2023-06-30
0001288855
us-gaap:SeriesBPreferredStockMember
2022-12-31
0001288855
2023-04-01
2023-06-30
0001288855
2022-04-01
2022-06-30
0001288855
2022-01-01
2022-06-30
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2021-12-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2021-12-31
0001288855
us-gaap:CommonStockMember
2021-12-31
0001288855
us-gaap:AdditionalPaidInCapitalMember
2021-12-31
0001288855
us-gaap:RetainedEarningsMember
2021-12-31
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2021-12-31
0001288855
2021-12-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2022-03-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2022-03-31
0001288855
us-gaap:CommonStockMember
2022-03-31
0001288855
us-gaap:AdditionalPaidInCapitalMember
2022-03-31
0001288855
us-gaap:RetainedEarningsMember
2022-03-31
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2022-03-31
0001288855
2022-03-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2022-12-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2022-12-31
0001288855
us-gaap:CommonStockMember
2022-12-31
0001288855
us-gaap:AdditionalPaidInCapitalMember
2022-12-31
0001288855
us-gaap:RetainedEarningsMember
2022-12-31
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2022-12-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2023-03-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2023-03-31
0001288855
us-gaap:CommonStockMember
2023-03-31
0001288855
us-gaap:AdditionalPaidInCapitalMember
2023-03-31
0001288855
us-gaap:RetainedEarningsMember
2023-03-31
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-03-31
0001288855
2023-03-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2022-01-01
2022-03-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2022-01-01
2022-03-31
0001288855
us-gaap:CommonStockMember
2022-01-01
2022-03-31
0001288855
us-gaap:AdditionalPaidInCapitalMember
2022-01-01
2022-03-31
0001288855
us-gaap:RetainedEarningsMember
2022-01-01
2022-03-31
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2022-01-01
2022-03-31
0001288855
2022-01-01
2022-03-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2022-04-01
2022-06-30
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2022-04-01
2022-06-30
0001288855
us-gaap:CommonStockMember
2022-04-01
2022-06-30
0001288855
us-gaap:AdditionalPaidInCapitalMember
2022-04-01
2022-06-30
0001288855
us-gaap:RetainedEarningsMember
2022-04-01
2022-06-30
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2022-04-01
2022-06-30
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2023-01-01
2023-03-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2023-01-01
2023-03-31
0001288855
us-gaap:CommonStockMember
2023-01-01
2023-03-31
0001288855
us-gaap:AdditionalPaidInCapitalMember
2023-01-01
2023-03-31
0001288855
us-gaap:RetainedEarningsMember
2023-01-01
2023-03-31
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-01-01
2023-03-31
0001288855
2023-01-01
2023-03-31
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2023-04-01
2023-06-30
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2023-04-01
2023-06-30
0001288855
us-gaap:CommonStockMember
2023-04-01
2023-06-30
0001288855
us-gaap:AdditionalPaidInCapitalMember
2023-04-01
2023-06-30
0001288855
us-gaap:RetainedEarningsMember
2023-04-01
2023-06-30
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-04-01
2023-06-30
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2022-06-30
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2022-06-30
0001288855
us-gaap:CommonStockMember
2022-06-30
0001288855
us-gaap:AdditionalPaidInCapitalMember
2022-06-30
0001288855
us-gaap:RetainedEarningsMember
2022-06-30
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2022-06-30
0001288855
2022-06-30
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2023-06-30
0001288855
us-gaap:PreferredStockMember
us-gaap:SeriesBPreferredStockMember
2023-06-30
0001288855
us-gaap:CommonStockMember
2023-06-30
0001288855
us-gaap:AdditionalPaidInCapitalMember
2023-06-30
0001288855
us-gaap:RetainedEarningsMember
2023-06-30
0001288855
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-06-30
0001288855
OPHC:OptimumBankMember
2023-06-30
0001288855
us-gaap:AccountingStandardsUpdate201613Member
2023-06-30
0001288855
OPHC:LoanMember
2023-06-30
0001288855
us-gaap:UnfundedLoanCommitmentMember
2023-06-30
0001288855
2022-01-01
2022-12-31
0001288855
OPHC:SBAPoolSecuritiesMember
2023-06-30
0001288855
OPHC:SBAPoolSecuritiesMember
2023-01-01
2023-06-30
0001288855
us-gaap:CollateralizedMortgageObligationsMember
2023-06-30
0001288855
us-gaap:CollateralizedMortgageObligationsMember
2023-01-01
2023-06-30
0001288855
us-gaap:TaxableMunicipalBondsMember
2023-06-30
0001288855
us-gaap:TaxableMunicipalBondsMember
2023-01-01
2023-06-30
0001288855
us-gaap:TaxableMunicipalBondsMember
2023-01-01
2023-06-30
0001288855
us-gaap:MortgageBackedSecuritiesMember
2023-06-30
0001288855
us-gaap:MortgageBackedSecuritiesMember
2023-01-01
2023-06-30
0001288855
OPHC:SBAPoolSecuritiesMember
2022-12-31
0001288855
OPHC:SBAPoolSecuritiesMember
2022-01-01
2022-12-31
0001288855
us-gaap:CollateralizedMortgageObligationsMember
2022-12-31
0001288855
us-gaap:CollateralizedMortgageObligationsMember
2022-01-01
2022-12-31
0001288855
us-gaap:TaxableMunicipalBondsMember
2022-12-31
0001288855
us-gaap:TaxableMunicipalBondsMember
2022-01-01
2022-12-31
0001288855
us-gaap:TaxableMunicipalBondsMember
2022-01-01
2022-12-31
0001288855
us-gaap:MortgageBackedSecuritiesMember
2022-12-31
0001288855
us-gaap:MortgageBackedSecuritiesMember
2022-01-01
2022-12-31
0001288855
us-gaap:TaxableMunicipalBondsMember
2023-06-30
0001288855
us-gaap:TaxableMunicipalBondsMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
2023-06-30
0001288855
us-gaap:ConstructionLoansMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2023-03-31
0001288855
OPHC:MultiFamilyRealEstateMember
2023-03-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2023-03-31
0001288855
us-gaap:ConstructionLoansMember
2023-03-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
2023-03-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2023-03-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2023-04-01
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
2023-04-01
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2023-04-01
2023-06-30
0001288855
us-gaap:ConstructionLoansMember
2023-04-01
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
2023-04-01
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2023-04-01
2023-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2022-03-31
0001288855
OPHC:MultiFamilyRealEstateMember
2022-03-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2022-03-31
0001288855
us-gaap:ConstructionLoansMember
2022-03-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
2022-03-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2022-03-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2022-04-01
2022-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
2022-04-01
2022-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2022-04-01
2022-06-30
0001288855
us-gaap:ConstructionLoansMember
2022-04-01
2022-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
2022-04-01
2022-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2022-04-01
2022-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2022-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
2022-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2022-06-30
0001288855
us-gaap:ConstructionLoansMember
2022-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
2022-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2022-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2023-01-01
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
2023-01-01
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2023-01-01
2023-06-30
0001288855
us-gaap:ConstructionLoansMember
2023-01-01
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
2023-01-01
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2023-01-01
2023-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2021-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
2021-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2021-12-31
0001288855
us-gaap:ConstructionLoansMember
2021-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
2021-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2021-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
2022-01-01
2022-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
2022-01-01
2022-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
2022-01-01
2022-06-30
0001288855
us-gaap:ConstructionLoansMember
2022-01-01
2022-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
2022-01-01
2022-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
2022-01-01
2022-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:PassMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:SpecialMentionMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:SubstandardMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:DoubtfulMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
OPHC:LossMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:PassMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:SpecialMentionMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:SubstandardMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:DoubtfulMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
OPHC:LossMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:PassMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:SpecialMentionMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:SubstandardMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:DoubtfulMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
OPHC:LossMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
us-gaap:PassMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
us-gaap:SpecialMentionMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
us-gaap:SubstandardMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
us-gaap:DoubtfulMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
OPHC:LossMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:PassMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:SpecialMentionMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:SubstandardMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:DoubtfulMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
OPHC:LossMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:PassMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:SpecialMentionMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:SubstandardMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:DoubtfulMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
OPHC:LossMember
2022-12-31
0001288855
us-gaap:PassMember
2022-12-31
0001288855
us-gaap:SpecialMentionMember
2022-12-31
0001288855
us-gaap:SubstandardMember
2022-12-31
0001288855
us-gaap:DoubtfulMember
2022-12-31
0001288855
OPHC:LossMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2023-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2023-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2023-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancialAssetPastDueMember
2023-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancialAssetNotPastDueMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancialAssetPastDueMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancialAssetNotPastDueMember
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancialAssetPastDueMember
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancialAssetNotPastDueMember
2023-06-30
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2023-06-30
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2023-06-30
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2023-06-30
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancialAssetPastDueMember
2023-06-30
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancialAssetNotPastDueMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancialAssetPastDueMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancialAssetNotPastDueMember
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancialAssetPastDueMember
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancialAssetNotPastDueMember
2023-06-30
0001288855
us-gaap:FinancingReceivables30To59DaysPastDueMember
2023-06-30
0001288855
us-gaap:FinancingReceivables60To89DaysPastDueMember
2023-06-30
0001288855
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2023-06-30
0001288855
us-gaap:FinancialAssetPastDueMember
2023-06-30
0001288855
us-gaap:FinancialAssetNotPastDueMember
2023-06-30
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancialAssetPastDueMember
2022-12-31
0001288855
us-gaap:ResidentialPortfolioSegmentMember
us-gaap:FinancialAssetNotPastDueMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancialAssetPastDueMember
2022-12-31
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:FinancialAssetNotPastDueMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancialAssetPastDueMember
2022-12-31
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:FinancialAssetNotPastDueMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancialAssetPastDueMember
2022-12-31
0001288855
us-gaap:ConstructionLoansMember
us-gaap:FinancialAssetNotPastDueMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancialAssetPastDueMember
2022-12-31
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:FinancialAssetNotPastDueMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancingReceivables30To59DaysPastDueMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancingReceivables60To89DaysPastDueMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancialAssetPastDueMember
2022-12-31
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:FinancialAssetNotPastDueMember
2022-12-31
0001288855
us-gaap:FinancingReceivables30To59DaysPastDueMember
2022-12-31
0001288855
us-gaap:FinancingReceivables60To89DaysPastDueMember
2022-12-31
0001288855
us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
2022-12-31
0001288855
us-gaap:FinancialAssetPastDueMember
2022-12-31
0001288855
us-gaap:FinancialAssetNotPastDueMember
2022-12-31
0001288855
us-gaap:PassMember
us-gaap:ConstructionLoansMember
2023-06-30
0001288855
us-gaap:SpecialMentionMember
us-gaap:ConstructionLoansMember
2023-06-30
0001288855
us-gaap:SubstandardMember
us-gaap:ConstructionLoansMember
2023-06-30
0001288855
us-gaap:DoubtfulMember
us-gaap:ConstructionLoansMember
2023-06-30
0001288855
OPHC:LossMember
us-gaap:ConstructionLoansMember
2023-06-30
0001288855
us-gaap:PassMember
us-gaap:ResidentialPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:SpecialMentionMember
us-gaap:ResidentialPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:SubstandardMember
us-gaap:ResidentialPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:DoubtfulMember
us-gaap:ResidentialPortfolioSegmentMember
2023-06-30
0001288855
OPHC:LossMember
us-gaap:ResidentialPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:PassMember
OPHC:MultiFamilyRealEstateMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:SpecialMentionMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:SubstandardMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
us-gaap:DoubtfulMember
2023-06-30
0001288855
OPHC:MultiFamilyRealEstateMember
OPHC:LossMember
2023-06-30
0001288855
us-gaap:PassMember
us-gaap:CommercialRealEstatePortfolioSegmentMember
2023-06-30
0001288855
us-gaap:SpecialMentionMember
us-gaap:CommercialRealEstatePortfolioSegmentMember
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:SubstandardMember
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
us-gaap:DoubtfulMember
2023-06-30
0001288855
us-gaap:CommercialRealEstatePortfolioSegmentMember
OPHC:LossMember
2023-06-30
0001288855
us-gaap:PassMember
us-gaap:CommercialPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:SpecialMentionMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:SubstandardMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
us-gaap:DoubtfulMember
2023-06-30
0001288855
us-gaap:CommercialPortfolioSegmentMember
OPHC:LossMember
2023-06-30
0001288855
us-gaap:PassMember
us-gaap:ConsumerPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:SpecialMentionMember
us-gaap:ConsumerPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
us-gaap:SubstandardMember
2023-06-30
0001288855
us-gaap:DoubtfulMember
us-gaap:ConsumerPortfolioSegmentMember
2023-06-30
0001288855
us-gaap:ConsumerPortfolioSegmentMember
OPHC:LossMember
2023-06-30
0001288855
OPHC:TwoThousandEighteenEquityIncentivePlanMember
2023-06-30
0001288855
srt:MinimumMember
OPHC:TwoThousandEighteenEquityIncentivePlanMember
2023-06-30
0001288855
srt:DirectorMember
2023-01-01
2023-06-30
0001288855
OPHC:EmployeesMember
2023-01-01
2023-06-30
0001288855
OPHC:SBAPoolSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2023-06-30
0001288855
OPHC:SBAPoolSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2023-06-30
0001288855
OPHC:SBAPoolSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2023-06-30
0001288855
us-gaap:CollateralizedMortgageObligationsMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2023-06-30
0001288855
us-gaap:CollateralizedMortgageObligationsMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2023-06-30
0001288855
us-gaap:CollateralizedMortgageObligationsMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2023-06-30
0001288855
OPHC:TaxableMunicipalSecuritiesMember
2023-06-30
0001288855
OPHC:TaxableMunicipalSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2023-06-30
0001288855
OPHC:TaxableMunicipalSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2023-06-30
0001288855
OPHC:TaxableMunicipalSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2023-06-30
0001288855
us-gaap:MortgageBackedSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2023-06-30
0001288855
us-gaap:MortgageBackedSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2023-06-30
0001288855
us-gaap:MortgageBackedSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2023-06-30
0001288855
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2023-06-30
0001288855
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2023-06-30
0001288855
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2023-06-30
0001288855
OPHC:SBAPoolSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2022-12-31
0001288855
OPHC:SBAPoolSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2022-12-31
0001288855
OPHC:SBAPoolSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2022-12-31
0001288855
us-gaap:CollateralizedMortgageObligationsMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2022-12-31
0001288855
us-gaap:CollateralizedMortgageObligationsMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2022-12-31
0001288855
us-gaap:CollateralizedMortgageObligationsMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2022-12-31
0001288855
OPHC:TaxableMunicipalSecuritiesMember
2022-12-31
0001288855
OPHC:TaxableMunicipalSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2022-12-31
0001288855
OPHC:TaxableMunicipalSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2022-12-31
0001288855
OPHC:TaxableMunicipalSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2022-12-31
0001288855
us-gaap:MortgageBackedSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2022-12-31
0001288855
us-gaap:MortgageBackedSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2022-12-31
0001288855
us-gaap:MortgageBackedSecuritiesMember
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2022-12-31
0001288855
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel1Member
2022-12-31
0001288855
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel2Member
2022-12-31
0001288855
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FairValueInputsLevel3Member
2022-12-31
0001288855
us-gaap:FairValueInputsLevel1Member
2023-06-30
0001288855
us-gaap:FairValueInputsLevel1Member
2022-12-31
0001288855
us-gaap:FairValueInputsLevel2Member
2023-06-30
0001288855
us-gaap:FairValueInputsLevel2Member
2022-12-31
0001288855
us-gaap:FairValueInputsLevel3Member
2023-06-30
0001288855
us-gaap:FairValueInputsLevel3Member
2022-12-31
0001288855
us-gaap:CommonStockMember
us-gaap:SeriesBPreferredStockMember
2023-01-01
2023-06-30
0001288855
OPHC:SeriesBOnePreferredStockMember
2023-06-30
0001288855
OPHC:SeriesBTwoPreferredStockMember
2023-06-30
0001288855
OPHC:SeriesBThreePreferredStockMember
2023-06-30
0001288855
us-gaap:SeriesBPreferredStockMember
2023-06-27
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
xbrli:pure
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
10-Q
(Mark
One)
☒ |
QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For
the quarterly period ended June 30, 2023
or
☐ |
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For
the transition period from __________ to _________
Commission
File Number: 000-50755
OPTIMUMBANK
HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
Florida |
|
55-0865043 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(IRS
Employer
Identification
No.) |
2929
East Commercial Boulevard, Fort Lauderdale, FL 33308
(Address
of principal executive offices)
954-900-2800
(Registrant’s
telephone number, including area code)
N/A
(Former
name, former address and former fiscal year, if changed since last report)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $.01 Par Value |
|
OPHC |
|
NASDAQ
Capital Market |
Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data
File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding
12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”,
“smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:
Large
accelerated filer ☐ |
|
Accelerated
filer ☐ |
Non-accelerated
filer ☒ |
|
Smaller
reporting company ☒ |
|
|
Emerging
growth company ☐ |
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
Indicate
the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 7,250,219 shares
of common stock, $.01 par value, issued and outstanding as of August 9, 2023.
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
INDEX
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
PART
I. FINANCIAL INFORMATION
Item
1. Financial Statements
Condensed
Consolidated Balance Sheets
(Dollars
in thousands, except share amounts)
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
| |
| (Unaudited) | | |
| | |
Assets: | |
| | | |
| | |
Cash and due from banks | |
$ | 11,852 | | |
$ | 19,788 | |
Interest-bearing deposits with banks | |
| 66,521 | | |
| 52,048 | |
Total cash and cash equivalents | |
| 78,373 | | |
| 71,836 | |
| |
| | | |
| | |
Debt securities available for sale | |
| 24,762 | | |
| 25,102 | |
Debt securities held-to-maturity (fair value of $406 and $504) | |
| 445 | | |
| 540 | |
Loans, net of allowance for credit losses of $6,645 and $5,793 | |
| 518,829 | | |
| 477,218 | |
Federal Home Loan Bank stock | |
| 717 | | |
| 600 | |
Premises and equipment, net | |
| 1,162 | | |
| 934 | |
Right-of-use lease assets | |
| 2,300 | | |
| 2,119 | |
Accrued interest receivable | |
| 1,559 | | |
| 1,444 | |
Deferred tax asset | |
| 3,091 | | |
| 3,836 | |
Other assets | |
| 1,275 | | |
| 1,590 | |
| |
| | | |
| | |
Total assets | |
$ | 632,513 | | |
$ | 585,219 | |
| |
| | | |
| | |
Liabilities and Stockholders’ Equity: | |
| | | |
| | |
| |
| | | |
| | |
Liabilities: | |
| | | |
| | |
Noninterest-bearing demand deposits | |
$ | 215,326 | | |
$ | 159,193 | |
Savings, NOW and money-market deposits | |
| 128,732 | | |
| 108,726 | |
Time deposits | |
| 207,573 | | |
| 239,980 | |
| |
| | | |
| | |
Total deposits | |
| 551,631 | | |
| 507,899 | |
| |
| | | |
| | |
Federal Home Loan Bank advances | |
| 10,000 | | |
| 10,000 | |
Official checks | |
| 67 | | |
| 110 | |
Operating lease liabilities | |
| 2,370 | | |
| 2,172 | |
Other liabilities | |
| 2,516 | | |
| 2,458 | |
| |
| | | |
| | |
Total liabilities | |
| 566,584 | | |
| 522,639 | |
| |
| | | |
| | |
Commitments and contingencies (Notes 8 and 11) | |
| - | | |
| - | |
Stockholders’ equity: | |
| | | |
| | |
Preferred stock, no par value; 6,000,000 shares authorized: | |
| — | | |
| — | |
Series A Preferred, no par value, no shares issued and outstanding | |
| — | | |
| — | |
Series B Convertible Preferred, no par value, 1,520 shares authorized, 1,360 shares issued and outstanding | |
| — | | |
| — | |
Preferred stock, value | |
| — | | |
| — | |
Common stock, $.01 par value; 10,000,000 shares authorized, 7,250,219 and 7,058,897 shares issued and outstanding | |
| 72 | | |
| 71 | |
Additional paid-in capital | |
| 91,221 | | |
| 90,408 | |
Accumulated deficit | |
| (19,789 | ) | |
| (22,073 | ) |
Accumulated other comprehensive loss | |
| (5,575 | ) | |
| (5,826 | ) |
| |
| | | |
| | |
Total stockholders’ equity | |
| 65,929 | | |
| 62,580 | |
Total liabilities and stockholders’ equity | |
$ | 632,513 | | |
$ | 585,219 | |
See
accompanying notes to condensed consolidated financial statements.
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Condensed
Consolidated Statements of Earnings (Unaudited)
(in
thousands, except per share amounts)
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| |
Three Months Ended | | |
Six Months Ended | |
| |
June 30, | | |
June 30, | |
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
Interest income: | |
| | | |
| | | |
| | | |
| | |
Loans | |
$ | 7,252 | | |
$ | 3,764 | | |
$ | 13,841 | | |
$ | 7,027 | |
Debt securities | |
| 172 | | |
| 159 | | |
| 350 | | |
| 322 | |
Other | |
| 755 | | |
| 102 | | |
| 1,504 | | |
| 139 | |
| |
| | | |
| | | |
| | | |
| | |
Total interest income | |
| 8,179 | | |
| 4,025 | | |
| 15,695 | | |
| 7,488 | |
| |
| | | |
| | | |
| | | |
| | |
Interest expense: | |
| | | |
| | | |
| | | |
| | |
Deposits | |
| 2,556 | | |
| 170 | | |
| 4,988 | | |
| 345 | |
Borrowings | |
| 31 | | |
| 102 | | |
| 56 | | |
| 163 | |
| |
| | | |
| | | |
| | | |
| | |
Total interest expense | |
| 2,587 | | |
| 272 | | |
| 5,044 | | |
| 508 | |
| |
| | | |
| | | |
| | | |
| | |
Net interest income | |
| 5,592 | | |
| 3,753 | | |
| 10,651 | | |
| 6,980 | |
| |
| | | |
| | | |
| | | |
| | |
Credit loss expense | |
| 704 | | |
| 991 | | |
| 1,524 | | |
| 1,383 | |
| |
| | | |
| | | |
| | | |
| | |
Net interest income after credit loss expense | |
| 4,888 | | |
| 2,762 | | |
| 9,127 | | |
| 5,597 | |
| |
| | | |
| | | |
| | | |
| | |
Noninterest income: | |
| | | |
| | | |
| | | |
| | |
Service charges and fees | |
| 759 | | |
| 680 | | |
| 1,478 | | |
| 1,269 | |
Other | |
| 13 | | |
| 84 | | |
| 23 | | |
| 145 | |
| |
| | | |
| | | |
| | | |
| | |
Total noninterest income | |
| 772 | | |
| 764 | | |
| 1,501 | | |
| 1,414 | |
| |
| | | |
| | | |
| | | |
| | |
Noninterest expenses: | |
| | | |
| | | |
| | | |
| | |
Salaries and employee benefits | |
| 2,041 | | |
| 1,307 | | |
| 4,007 | | |
| 2,642 | |
Professional fees | |
| 171 | | |
| 142 | | |
| 368 | | |
| 289 | |
Occupancy and equipment | |
| 188 | | |
| 175 | | |
| 377 | | |
| 342 | |
Data processing | |
| 385 | | |
| 285 | | |
| 751 | | |
| 562 | |
Regulatory assessment | |
| 224 | | |
| 23 | | |
| 433 | | |
| 100 | |
Litigation Settlement | |
| 375 | | |
| — | | |
| 375 | | |
| — | |
Other | |
| 518 | | |
| 328 | | |
| 1,013 | | |
| 665 | |
| |
| | | |
| | | |
| | | |
| | |
Total noninterest expenses | |
| 3,902 | | |
| 2,260 | | |
| 7,324 | | |
| 4,600 | |
| |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
Income taxes | |
| 446 | | |
| 321 | | |
| 839 | | |
| 611 | |
| |
| | | |
| | | |
| | | |
| | |
Net earnings | |
$ | 1,312 | | |
$ | 945 | | |
$ | 2,465 | | |
$ | 1,800 | |
| |
| | | |
| | | |
| | | |
| | |
Net earnings per share - Basic and diluted | |
$ | 0.18 | | |
$ | 0.16 | | |
$ | 0.34 | | |
$ | 0.33 | |
Net earnings per share - Basic | |
$ | 0.18 | | |
$ | 0.16 | | |
$ | 0.34 | | |
$ | 0.33 | |
See
accompanying notes to condensed consolidated financial statements.
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Condensed
Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
(In
thousands)
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| |
Three Months Ended | | |
Six Months Ended | |
| |
June 30, | | |
June 30, | |
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| |
| | |
| | |
| | |
| |
Net earnings | |
$ | 1,312 | | |
$ | 945 | | |
$ | 2,465 | | |
$ | 1,800 | |
| |
| | | |
| | | |
| | | |
| | |
Other comprehensive (loss) income: | |
| | | |
| | | |
| | | |
| | |
Change in unrealized loss on debt securities: | |
| | | |
| | | |
| | | |
| | |
Unrealized (loss) gain arising during the period | |
| (380 | ) | |
| (3,124 | ) | |
| 335 | | |
| (5,905 | ) |
| |
| | | |
| | | |
| | | |
| | |
Amortization of unrealized loss on debt securities transferred to held-to-maturity | |
| 1 | | |
| 4 | | |
| 2 | | |
| 11 | |
| |
| | | |
| | | |
| | | |
| | |
Other comprehensive (loss) income before income taxes | |
| (379 | ) | |
| (3,120 | ) | |
| 337 | | |
| (5,894 | ) |
| |
| | | |
| | | |
| | | |
| | |
Deferred income taxes benefit (provision) | |
| 91 | | |
| 792 | | |
| (85 | ) | |
| 1,495 | |
| |
| | | |
| | | |
| | | |
| | |
Total other comprehensive (loss) income | |
| (288 | ) | |
| (2,328 | ) | |
| 252 | | |
| (4,399 | ) |
| |
| | | |
| | | |
| | | |
| | |
Comprehensive income (loss) | |
$ | 1,024 | | |
$ | (1,383 | ) | |
$ | 2,717 | | |
$ | (2,599 | ) |
See
accompanying notes to condensed consolidated financial statements.
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Condensed
Consolidated Statements of Stockholders’ Equity
Three
and Six Months Ended June 30, 2023 and 2022
(Dollars
in thousands)
| |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Capital | | |
Deficit | | |
Loss | | |
Equity | |
| |
Preferred
Stock | | |
| | |
| | |
| | |
| | |
| |
| |
Series
A | | |
Series
B | | |
Common
Stock | | |
Additional
Paid-In | | |
Accumulated | | |
Accumulated Comprehensive | | |
Stockholders | |
| |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Capital | | |
Deficit | | |
Loss | | |
Equity | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance at December 31, 2021 | |
| — | | |
| — | | |
| 760 | | |
| — | | |
| 4,775,281 | | |
$ | 48 | | |
$ | 65,193 | | |
$ | (26,096 | ) | |
$ | (635 | ) | |
$ | 38,510 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Proceeds from the sale of preferred stock (unaudited) | |
| — | | |
| — | | |
| 260 | | |
| — | | |
| — | | |
| — | | |
| 6500 | | |
| — | | |
| — | | |
| 6,500 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Proceeds from the sale of common stock (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| 1,227,331 | | |
| 12 | | |
| 5511 | | |
| — | | |
| — | | |
| 5,523 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net change in unrealized loss on debt securities available for sale (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (2,078 | ) | |
| (2,078 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Amortization of unrealized loss on debt securities transferred to held-to-maturity
(unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 7 | | |
| 7 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net earnings for three months ended March 31, 2022 (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 855 | | |
| — | | |
| 855 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance at March 31, 2022 (unaudited) | |
| — | | |
| — | | |
| 1,020 | | |
| — | | |
| 6,002,612 | | |
$ | 60 | | |
$ | 77,204 | | |
$ | (25,241 | ) | |
$ | (2,706 | ) | |
$ | 49,317 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Stock-based Compensation (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| 24,493 | | |
| — | | |
| 96 | | |
| — | | |
| — | | |
| 96 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net change in unrealized loss on debt securities available for sale (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (2,332 | ) | |
| (2,332 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Amortization of unrealized loss on debt securities transferred to held-to-maturity
(unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 4 | | |
| 4 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net earnings (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 945 | | |
| — | | |
| 945 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance at June 30, 2022 (unaudited) | |
| — | | |
$ | — | | |
| 1,020 | | |
$ | — | | |
| 6,027,105 | | |
$ | 60 | | |
$ | 77,300 | | |
$ | (24,296 | ) | |
$ | (5,034 | ) | |
$ | 48,030 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance at December 31, 2022 | |
| — | | |
$ | — | | |
| 1,360 | | |
$ | — | | |
| 7,058,897 | | |
$ | 71 | | |
$ | 90,408 | | |
$ | (22,073 | ) | |
$ | (5,826 | ) | |
$ | 62,580 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Additional allowance recognized due to adoption of Topic 326 | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (181 | ) | |
| — | | |
| (181 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Proceeds from the sale of common stock (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| 72,221 | | |
| — | | |
| 324 | | |
| — | | |
| — | | |
| 324 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Stock-based Compensation (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| 119,101 | | |
| 1 | | |
| 489 | | |
| — | | |
| — | | |
| 490 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net change in unrealized loss on debt securities available for sale (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 538 | | |
| 538 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Amortization of unrealized loss on debt securities transferred to held-to-maturity
(unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 1 | | |
| 1 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net earnings for three months ended March 31, 2023 (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 1,153 | | |
| — | | |
| 1,153 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance at March 31, 2023 (unaudited) | |
| — | | |
$ | — | | |
| 1,360 | | |
$ | — | | |
| 7,250,219 | | |
$ | 72 | | |
$ | 91,221 | | |
$ | (21,101 | ) | |
$ | (5,287 | ) | |
$ | 64,905 | |
Balance | |
| — | | |
$ | — | | |
| 1,360 | | |
$ | — | | |
| 7,250,219 | | |
$ | 72 | | |
$ | 91,221 | | |
$ | (21,101 | ) | |
$ | (5,287 | ) | |
$ | 64,905 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net change in unrealized loss on debt securities available for sale (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (289 | ) | |
| (289 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Amortization of unrealized loss on debt securities transferred to held-to-maturity
(unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 1 | | |
| 1 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net earnings (unaudited) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 1,312 | | |
| — | | |
| 1,312 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance at June 30, 2023 (unaudited) | |
| — | | |
$ | — | | |
| 1,360 | | |
$ | — | | |
| 7,250,219 | | |
$ | 72 | | |
$ | 91,221 | | |
$ | (19,789 | ) | |
$ | (5,575 | ) | |
$ | 65,929 | |
Balance | |
| — | | |
$ | — | | |
| 1,360 | | |
$ | — | | |
| 7,250,219 | | |
$ | 72 | | |
$ | 91,221 | | |
$ | (19,789 | ) | |
$ | (5,575 | ) | |
$ | 65,929 | |
See
accompanying notes to condensed consolidated financial statements.
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Condensed
Consolidated Statements of Cash Flows (Unaudited)
(In
thousands)
| |
2023 | | |
2022 | |
| |
Six Months Ended | |
| |
June 30, | |
| |
2023 | | |
2022 | |
Cash flows from operating activities: | |
| | | |
| | |
Net earnings | |
$ | 2,465 | | |
$ | 1,800 | |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |
| | | |
| | |
Credit loss expense | |
| 1,524 | | |
| 1,383 | |
Depreciation and amortization | |
| 115 | | |
| 115 | |
Deferred income taxes | |
| 734 | | |
| 613 | |
Net accretion of fees, premiums and discounts | |
| 11 | | |
| (252 | ) |
Stock-based compensation expense | |
| 490 | | |
| 96 | |
Increase in accrued interest receivable | |
| (115 | ) | |
| (26 | ) |
Amortization of right of use asset | |
| 134 | | |
| 217 | |
Net decrease in operating lease liabilities | |
| (117 | ) | |
| (211 | ) |
Decrease (increase) in other assets | |
| 315 | | |
| (332 | ) |
(Decrease) increase in official checks and other liabilities | |
| (221 | ) | |
| 1,050 | |
Net cash provided by operating activities | |
| 5,335 | | |
| 4,453 | |
| |
| | | |
| | |
Cash flows from investing activities: | |
| | | |
| | |
Principal repayments of debt securities available for sale | |
| 606 | | |
| 1,177 | |
Principal repayments of debt securities held-to-maturity | |
| 98 | | |
| 398 | |
Net increase in loans | |
| (43,098 | ) | |
| (102,070 | ) |
Purchases of premises and equipment | |
| (343 | ) | |
| (112 | ) |
Purchase of FHLB stock | |
| (117 | ) | |
| (1,932 | ) |
| |
| | | |
| | |
Net cash used in investing activities | |
| (42,854 | ) | |
| (102,539 | ) |
| |
| | | |
| | |
Cash flows from financing activities: | |
| | | |
| | |
Net increase in deposits | |
| 43,732 | | |
| 49,362 | |
Net increase in FHLB Advances | |
| — | | |
| 50,000 | |
Net change in repurchase agreements | |
| — | | |
| 5,000 | |
Proceeds from sale of preferred stock | |
| — | | |
| 6,500 | |
Proceeds from sale of common stock | |
| 324 | | |
| 5,523 | |
| |
| | | |
| | |
Net cash provided by financing activities | |
| 44,056 | | |
| 116,385 | |
| |
| | | |
| | |
Net increase in cash and cash equivalents | |
| 6,537 | | |
| 18,299 | |
| |
| | | |
| | |
Cash and cash equivalents at beginning of the period | |
| 71,836 | | |
| 58,970 | |
| |
| | | |
| | |
Cash and cash equivalents at end of the period | |
$ | 78,373 | | |
$ | 77,269 | |
| |
| | | |
| | |
Supplemental disclosure of cash flow information: | |
| | | |
| | |
Cash paid during the period for: | |
| | | |
| | |
Interest | |
$ | 4,792 | | |
$ | 473 | |
| |
| | | |
| | |
Income taxes | |
$ | 395 | | |
$ | — | |
| |
| | | |
| | |
Noncash transactions: | |
| | | |
| | |
Change in accumulated other comprehensive loss, net change in unrealized loss on debt securities available for sale, net of income taxes | |
$ | 252 | | |
$ | (4,399 | ) |
| |
| | | |
| | |
Amortization of unrealized loss on debt securities transferred to held-to-maturity | |
$ | 2 | | |
$ | 11 | |
Reduction stockholders’ equity due to adoption of Topic 326, net | |
| (181 | ) | |
| — | |
Right-of use lease assets obtained in exchange for operating lease liabilities | |
$ | 315 | | |
$ | — | |
Increase in other liabilities for stock-based compensation | |
$ | — | | |
$ | 96 | |
See
accompanying notes to condensed consolidated financial statements.
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(1) General. OptimumBank
Holdings, Inc. (the “Company”) is a one-bank holding company and owns 100%
of OptimumBank (the “Bank”), a Florida-chartered community bank. The Company’s only business is the operation of
the Bank. The Bank’s deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation
(“FDIC”). The Bank offers a variety of community banking services to individual and corporate customers through its two
banking offices located in Broward County, Florida. The Bank also markets its deposit and electronic funds transfer services on a national basis to merchant cash advance
providers.
Basis
of Presentation. In the opinion of management, the accompanying condensed consolidated financial statements of the Company
contain all adjustments (consisting principally of normal recurring accruals) necessary to present fairly the financial position at
June 30, 2023, and the results of operations and cash flows for the three and six month periods ended June 30, 2023 and 2022. All
significant intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three
and six months ended June 30, 2023, are not necessarily indicative of the results to be expected for the full year.
Comprehensive
Income (Loss). Generally Accepted Accounting Principles generally require that recognized revenue, expenses, gains and losses
be included in net earnings. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale
debt securities, are reported as a separate component of the equity section of the condensed consolidated balance sheets, such items
along with net earnings, are components of comprehensive income (loss).
Accumulated
other comprehensive loss consists of the following (in thousands):
Schedule
of Accumulated Other Comprehensive Loss
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
| |
| | |
| |
Unrealized loss on debt securities available for sale | |
$ | (7,452 | ) | |
$ | (7,786 | ) |
Unamortized portion of unrealized loss related to debt securities available for sale transferred to securities held-to-maturity | |
| (16 | ) | |
| (18 | ) |
Income tax benefit | |
| 1,893 | | |
| 1,978 | |
| |
| | | |
| | |
Accumulated other comprehensive loss | |
$ | (5,575 | ) | |
$ | (5,826 | ) |
Reclassifications.
Certain amounts have been reclassified to allow for consistent presentation for the periods presented.
Adoption
of New Accounting Standards. The Company adopted Accounting Standards Update 2016-13, Financial Instruments – Credit
Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and the related amendments (collectively, Accounting Standards
Codification 326), effective January 1, 2023. The guidance replaces the incurred loss methodology with an expected loss methodology that
is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under
the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt
securities. It also applies to certain off-balance sheet credit exposures not accounted for as insurance, including loan commitments,
standby letters of credits, financial guarantees, and other similar instruments. In addition, Accounting Standards Codification 326 (“ASC
326”) made changes to the accounting for debt securities available for sale. One such change is to require credit losses to be
presented as an allowance rather than as a write-down on debt securities available for sale that management does not intend to sell or
believes that it is more likely than not, they will not be required to sell. ASC 326 also changed the accounting for purchased financial
assets with credit deterioration.
The
Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet
credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts
continue to be reported in accordance with previously applicable GAAP. The adoption of CECL resulted in the recognition of $219,000 allowance
for credit losses, $23,000 of liability for unfunded commitments, a deferred income tax asset of $61,000 and a reduction in retained
earnings of $181,000. With this transition method, the Company did not have to restate comparative prior periods presented in the consolidated
financial statements related to ASC 326 but will present comparative prior periods disclosures using the previous accounting guidance
for the allowance for loan losses. The Company adopted ASC 326 using the prospective transition approach for debt securities available
for sale. As of January 1, 2023, the Company did not have any allowance for credit losses on debt securities.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
Allowance
for Credit Losses (“ACL”). The following is a summary of the Company’s significant accounting policies with
respect to ASC 326:
ACL
- Debt Securities Available for Sale. Management uses a systematic methodology to determine its ACL for debt securities available
for sale. Each quarter management evaluates impairment where there has been a decline in fair value below the amortized cost basis to
determine whether there is a credit loss associated with the decline in fair value. The Company first assesses whether it intends to
sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either
one of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair
value through income. For debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in
fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which the
fair value is less than the amortized cost basis, among various other factors, including the nature of the collateral, potential future
changes in collateral values, default rates, delinquency rates, third-party guarantees, credit ratings, interest rate changes since purchase,
volatility of the security’s fair value and historical loss information for financial assets secured with similar collateral among
other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from
the security are compared to the amortized cost basis. If the present value of cash flows expected to be collected is less than the amortized
cost basis, an ACL is recorded, which is limited by the amount that the fair value is less than the amortized cost basis. Credit losses
are calculated individually, rather than collectively. Any impairment that has not been recorded through an ACL is recognized in other
comprehensive loss.
Changes
in the ACL are recorded as credit loss expense (reversal). Losses are charged against the ACL when management believes the collectability
of the debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met.
Management
excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on the debt securities
available for sale and does not record an ACL on accrued interest receivable. As of June 30, 2023, the accrued interest receivable for
debt securities available for sale recognized in accrued interest receivable was $169,000.
ACL
– Debt Securities Held to Maturity. The Company measures expected credit losses on debt securities held to maturity on
a collective basis by major security type. U.S. Government agency securities, Mortgage-backed securities and collateralized mortgage
obligations are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have
a long history of no credit losses. Taxable municipal securities are highly rated by major credit agencies.
ACL
- Loans. The ACL reflects management’s estimate of losses that will result from the inability of our borrowers to make
required loan payments. The Company records loans charged-off against the ACL when management believes the uncollectability of a loan
balance is confirmed and subsequent recoveries, if any, increase the ACL when they are recognized.
Management
uses systematic methodologies to determine its ACL for loans and certain off- balance sheet credit exposures. The ACL is a valuation
account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. Management
estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions,
and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of the expected credit
losses. Adjustments to historical loss information are made for the differences in current loan-specific risk characteristics such as
differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in environmental conditions, such
as changes in unemployment rates, property values, or other relevant factors.
The
Company’s estimate of its ACL involves a high degree of judgment; therefore, management’s process for determining expected
credit losses may result in a range of expected credit losses.
The
Company’s ACL recorded in the balance sheet reflects management’s best estimate of expected credit losses. The Company recognizes
in earnings the amount needed to adjust the ACL for management’s current estimate of expected credit losses. The Company’s
ACL is calculated using collectively evaluated and individually evaluated loans.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
The
ACL is measured on a collective pool basis when similar risk characteristics exist. Loans with similar risk characteristics are grouped
into homogenous segments for analysis. The Company’s ACL is measured based on FDIC call report codes as these types of loans exhibit
similar risk characteristics. The loan portfolio is further segmented by loan product type, collateral codes, occupancy codes, property
code or lien position and are representative of the manner in which the Company lends.
The
ACL for each segment is measured through the use of the average charge-off method. In accordance with the average charge-off method,
an annual loss rate is applied to the amortized cost of an asset or pool of assets over the remaining expected life. The annual loss
rate consists of historical and forecasted loss components. The forecasted component is applied using loss rates from historical periods
that management believes are representative of economic conditions over a full economic cycle. For certain loan segments with limited
credit loss histories, management determined the loss experience of peer banks provides the best basis for its assessment of expected
credit losses. Other loan segments with more established loss histories utilize historical loss experience of the Company. Management
determined that the appropriate historical loss period will begin in the first quarter of 2001 and continue through the most recent quarter,
which represents a full peak to peak economic cycle. Additionally, management has determined that the Company’s reasonable and
supportable forecast period is one year.
Included
in its systematic methodology to determine its ACL, management considers the need to qualitatively adjust model results for risk factors
that are not considered within the Company’s loss estimation process but are nonetheless relevant in assessing the expected credit
losses within our loan pools.
These
qualitative factors (“Q-Factors”) may increase or decrease management’s estimate of expected credit losses by a calculated
percentage based upon the estimated level of risk. The various risks that may be considered in making Q-Factor adjustments include, among
other things, the impact of 1) changes in lending policies and procedures, including changes in underwriting standards; 2) changes in
international, national, regional and local economic conditions; 3) changes in the volume and severity of past due and nonaccrual status;
4) the effect of any concentrations of credit and changes in the levels of such concentrations; 5) changes in the experience, depth,
and ability of lending management; 6) changes in nature and volume of the portfolio; 7) trends in underlying collateral values; 8) changes
in the quality of the loan review system and 9) the effect of other external factors (i.e., competition, legal and regulatory requirements)
on the level of estimated credit losses.
The
annual loss rates, as defined above, adjusted for Q-Factors, are applied to the amortized loan balances over each subsequent period and
aggregated to arrive at the General ACL. The amortized loan balances are adjusted based on management’s estimate of loan repayments
in future periods.
When
a loan no longer shares similar risk characteristics with its segment, the asset is assessed to determine whether it should be included
in another segment or should be individually evaluated. Under ASC 326, the Company has adopted the collateral maintenance practical expedient
to measure the ACL based on the fair value of collateral. Collateral dependent loans are loans for which the repayment is expected to
be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. These
loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining ACL. A Specific
ACL is calculated on an individual loan basis based on the shortfall between the fair value of the loan’s collateral, which is
adjusted for selling costs, and amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance is required.
Financial assets that have been individually evaluated can be returned to a pool for purposes of estimating the expected credit loss
to the extent their credit profile improves and that the repayment terms were not considered to be unique to the asset.
Management
measures expected credit losses over the contractual term of a loan. The contractual term excludes expected extensions, renewals, and
modifications unless either of the following applies:
|
●
|
Management
has a reasonable expectation at the reporting date that a loan modification will be executed with an individual borrower. |
|
|
|
|
● |
The
extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally
cancellable by the Company. |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
The
Company follows its nonaccrual policy by reversing contractual interest income in the consolidated statements of income when the Company
places a loan on nonaccrual status. Therefore, management excludes the accrued interest receivable balance from the amortized cost basis
in measuring expected credit losses on the portfolio and does not record an ACL on accrued interest receivable. As of June 30, 2023,
the accrued interest receivable for loans was $1,377,000.
Also,
various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for
credit losses. Such agencies may require the Company to recognize additions to the allowance for credit losses based on their judgments
of information available to them at the time of their examination.
Prior
to the adoption of ASC 326, the allowance for loan losses represented management’s best estimate of inherent losses that had been
incurred within the existing portfolio of loans. The allowance for loan losses included allowance allocations calculated in accordance
with ASC 310, “Receivables” and allowance allocations calculated in accordance with ASC 450, “Contingencies.”
ACL
- Off -Balance Sheet Credit Exposures. The Company has a variety of assets that have a component that qualifies as an off-balance
sheet exposure. These primarily include commitments to extend credit, standby letters of credit, and unfunded commitments under revolving
lines of credit. The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk
via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. Management has determined
that a majority of the Company’s off-balance-sheet credit exposures are not unconditionally cancellable.
The
estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected
to be funded over their expected lives. Management used its judgement to determinate funding rates. Management applied the funding rates,
along with the loss factor rate determined for each pooled loan segment, to unfunded loan commitments, excluding unconditionally cancellable
exposures and letters of credit, to arrive at the reserve for unfunded loan commitments.
As
of June 30, 2023, the liability recorded for expected credit losses on unfunded commitments was $236,000 and is included in “other
liabilities” on the accompanying condensed consolidated balance sheets. The current adjustment to the ACL for unfunded commitments
is recognized through credit loss expense in the condensed consolidated statements of earnings.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(2)
Debt Securities. Debt Securities have been classified according to management’s intent. The carrying amount of debt
securities and approximate fair values are as follows (in thousands):
Schedule
of Amortized Cost and Approximate Fair Values of Debt Securities
| |
| | |
Gross | | |
Gross | | |
| |
| |
Amortized | | |
Unrealized | | |
Unrealized | | |
Fair | |
| |
Cost | | |
Gains | | |
Losses | | |
Value | |
| |
| | |
| | |
| | |
| |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | |
Available for sale: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 775 | | |
$ | 1 | | |
$ | (17 | ) | |
$ | 759 | |
Collateralized mortgage obligations | |
| 139 | | |
| — | | |
| (15 | ) | |
| 124 | |
Taxable municipal securities | |
| 16,710 | | |
| — | | |
| (4,699 | ) | |
| 12,011 | |
Mortgage-backed securities | |
| 14,589 | | |
| — | | |
| (2,721 | ) | |
| 11,868 | |
Total | |
$ | 32,213 | | |
$ | 1 | | |
$ | (7,452 | ) | |
$ | 24,762 | |
| |
| | | |
| | | |
| | | |
| | |
Held-to-maturity: | |
| | | |
| | | |
| | | |
| | |
Collateralized mortgage obligations | |
$ | 415 | | |
$ | — | | |
$ | (39 | ) | |
$ | 376 | |
Mortgage-backed securities | |
| 30 | | |
| — | | |
| — | | |
| 30 | |
Total | |
$ | 445 | | |
$ | — | | |
$ | (39 | ) | |
$ | 406 | |
| |
| | |
Gross | | |
Gross | | |
| |
| |
Amortized | | |
Unrealized | | |
Unrealized | | |
Fair | |
| |
Cost | | |
Gains | | |
Losses | | |
Value | |
| |
| | |
| | |
| | |
| |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
Available for sale: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 834 | | |
$ | 1 | | |
$ | (18 | ) | |
$ | 817 | |
Collateralized mortgage obligations | |
| 145 | | |
| — | | |
| (15 | ) | |
| 130 | |
Taxable municipal securities | |
| 16,729 | | |
| — | | |
| (5,109 | ) | |
| 11,620 | |
Mortgage-backed securities | |
| 15,180 | | |
| — | | |
| (2,645 | ) | |
| 12,535 | |
Total | |
$ | 32,888 | | |
$ | 1 | | |
$ | (7,787 | ) | |
$ | 25,102 | |
| |
| | | |
| | | |
| | | |
| | |
Held-to-maturity: | |
| | | |
| | | |
| | | |
| | |
Collateralized mortgage obligations | |
$ | 475 | | |
$ | — | | |
$ | (35 | ) | |
$ | 440 | |
Mortgage-backed securities | |
| 65 | | |
| — | | |
| (1 | ) | |
| 64 | |
Total | |
$ | 540 | | |
$ | — | | |
$ | (36 | ) | |
$ | 504 | |
There
were no sales of debt securities during the six months ended June 30, 2023, and 2022.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(2) | Debt
Securities, Continued. |
Debt
Securities available for sale with gross unrealized losses, aggregated by investment category and length of time that individual debt
securities have been in a continuous loss position, is as follows (in thousands):
Schedule
of Debt Securities Available for Sale with Gross Unrealized Losses, by Investment Category
| |
Over Twelve Months | | |
Less Than Twelve Months | |
| |
Gross | | |
| | |
Gross | | |
| |
| |
Unrealized | | |
Fair | | |
Unrealized | | |
Fair | |
| |
Losses | | |
Value | | |
Losses | | |
Value | |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | |
Available for Sale: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 17 | | |
$ | 607 | | |
$ | — | | |
$ | — | |
Collateralized mortgage obligation | |
| 15 | | |
| 124 | | |
| — | | |
| — | |
Taxable municipal securities | |
| 4,699 | | |
| 12,012 | | |
| — | | |
| — | |
Mortgage-backed securities | |
| 2,721 | | |
| 11,868 | | |
| — | | |
| — | |
Total | |
$ | 7,452 | | |
$ | 24,611 | | |
$ | — | | |
$ | — | |
| |
Over Twelve Months | | |
Less Than Twelve Months | |
| |
Gross | | |
| | |
Gross | | |
| |
| |
Unrealized | | |
Fair | | |
Unrealized | | |
Fair | |
| |
Losses | | |
Value | | |
Losses | | |
Value | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
Available for Sale : | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 18 | | |
$ | 657 | | |
$ | — | | |
$ | — | |
Collateralized mortgage obligation | |
| — | | |
| — | | |
| 15 | | |
| 130 | |
Taxable municipal securities | |
| 5,109 | | |
| 11,620 | | |
| — | | |
| — | |
Mortgage-backed securities | |
| 2,621 | | |
| 12,292 | | |
| 24 | | |
| 243 | |
Total | |
$ | 7,748 | | |
$ | 24,569 | | |
$ | 39 | | |
$ | 373 | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(2) | Debt
Securities, Continued. |
At
June 30, 2023 and December 31, 2022, the unrealized losses on forty-two and forty investment debt securities, respectively, were caused by
interest-rate changes.
Management
evaluates debt securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to
determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently
when economic or market concerns warrant such evaluation. Consideration is given to (1) the financial condition and near-term prospects
of the issuer including looking at default and delinquency rates, (2) the outlook for receiving the contractual cash flows of the investments,
(3) the length of time and the extent to which the fair value has been less than cost, (4) the intent and ability to retain its investment
in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value or for a debt security whether it is
more-likely-than-not that the Company will be required to sell the debt security prior to recovering its fair value, (5) the anticipated
outlook for changes in the general level of interest rates, (6) credit ratings, (7) third party guarantees, and (8) collateral values.
In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government
or its agencies, whether downgrades by bond rating agencies have occurred, the results of reviews of the issuer’s financial condition,
and the issuer’s anticipated ability to pay the contractual cash flows of the investments.
The
Company performed an analysis that determined that the mortgage-backed securities, collateralized mortgage obligations, and U.S. government
securities, have a zero expected credit loss as they have the full faith and credit backing of the U.S. government or one of its agencies.
Municipal bonds that do not have a zero expected credit loss are evaluated at least quarterly to determine whether there is a credit
loss associated with a decline in fair value. At June 30, 2023 and December 31, 2022 all municipal securities were rated as investment
grade. All debt securities in an unrealized loss position as of June 30, 2023 continue to perform as scheduled and the Company does not
believe that there is a credit loss or that credit loss expense is necessary. Also, as part of our evaluation of our intent and ability
to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, the Company considers our investment
strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. The Company does not currently intend
to sell the investments within the portfolio, and it is not more-likely-than-not that a sale will be required.
Management
continues to monitor all of our investments with a high degree of scrutiny. There can be no assurance that in a future period, conditions
may exist at that time indicating that some or all of the Company’s securities may be sold that would require a charge to earnings
as credit loss expense in such period.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans. The segments of loans are as follows (in thousands):
Schedule
of Components of Loans
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
| |
| | |
| |
Residential real estate | |
$ | 60,273 | | |
$ | 50,354 | |
Multi-family real estate | |
| 69,518 | | |
| 69,555 | |
Commercial real estate | |
| 321,814 | | |
| 310,695 | |
Land and construction | |
| 27,019 | | |
| 17,286 | |
Commercial | |
| 6,950 | | |
| 5,165 | |
Consumer | |
| 40,686 | | |
| 30,323 | |
| |
| | | |
| | |
Total loans | |
| 526,260 | | |
| 483,378 | |
| |
| | | |
| | |
Deduct: | |
| | | |
| | |
Net deferred loan fees, and costs | |
| (786 | ) | |
| (367 | ) |
Allowance for credit losses | |
| (6,645 | ) | |
| (5,793 | ) |
| |
| | | |
| | |
Loans, net | |
$ | 518,829 | | |
$ | 477,218 | |
An
analysis of the change in the allowance for credit losses follows (in thousands):
Schedule
of Changes in Allowance for Loan Losses
| |
Real Estate | | |
Real Estate | | |
Real Estate | | |
Construction | | |
Commercial | | |
Consumer | | |
Total | |
| |
Residential | | |
Multi-Family | | |
Commercial | | |
Land and | | |
| | |
| | |
| |
| |
Real Estate | | |
Real Estate | | |
Real Estate | | |
Construction | | |
Commercial | | |
Consumer | | |
Total | |
Three Months Ended June 30, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance March 31, 2023 | |
$ | 742 | | |
$ | 1,077 | | |
$ | 3,030 | | |
$ | 533 | | |
$ | 26 | | |
$ | 945 | | |
$ | 6,353 | |
Credit loss expense (income) | |
| 141 | | |
| (40 | ) | |
| (228 | ) | |
| 147 | | |
| 38 | | |
| 487 | | |
| 545 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (16 | ) | |
| (367 | ) | |
| (383 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 87 | | |
| 43 | | |
| 130 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance (June 30, 2023) | |
$ | 883 | | |
$ | 1,037 | | |
$ | 2,802 | | |
$ | 680 | | |
$ | 135 | | |
$ | 1,108 | | |
$ | 6,645 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Three Months Ended June 30, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Beginning balance | |
$ | 575 | | |
$ | 549 | | |
$ | 1,607 | | |
$ | 79 | | |
$ | 68 | | |
$ | 530 | | |
$ | 3,408 | |
(Credit) provision for loan losses | |
| (61 | ) | |
| 70 | | |
| 733 | | |
| (8 | ) | |
| 33 | | |
| 224 | | |
| 991 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (90 | ) | |
| (136 | ) | |
| (226 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 56 | | |
| 14 | | |
| 70 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance (June 30, 2022) | |
$ | 514 | | |
$ | 619 | | |
$ | 2,340 | | |
$ | 71 | | |
$ | 67 | | |
$ | 632 | | |
$ | 4,243 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended June 30, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Beginning balance Dec 31, 2022 | |
$ | 768 | | |
$ | 748 | | |
$ | 3,262 | | |
$ | 173 | | |
$ | 277 | | |
$ | 565 | | |
$ | 5,793 | |
Additional allowance recognized due to adoption of Topic 326 | |
| 33 | | |
| 327 | | |
| (367 | ) | |
| 278 | | |
| (262 | ) | |
| 209 | | |
| 218 | |
Balance January 31, 2023 | |
$ | 801 | | |
$ | 1,075 | | |
$ | 2,895 | | |
$ | 451 | | |
$ | 15 | | |
$ | 774 | | |
$ | 6,011 | |
Credit loss expense (income) | |
| 82 | | |
| (38 | ) | |
| (93 | ) | |
| 229 | | |
| 75 | | |
| 1,056 | | |
| 1,311 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (42 | ) | |
| (804 | ) | |
| (846 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 87 | | |
| 82 | | |
| 169 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance (June 30, 2023) | |
$ | 883 | | |
$ | 1,037 | | |
$ | 2,802 | | |
$ | 680 | | |
$ | 135 | | |
$ | 1,108 | | |
$ | 6,645 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended June 30, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Beginning balance | |
$ | 482 | | |
$ | 535 | | |
$ | 1,535 | | |
$ | 32 | | |
$ | 74 | | |
$ | 417 | | |
$ | 3,075 | |
Provision for loan losses | |
| 32 | | |
| 84 | | |
| 805 | | |
| 39 | | |
| 27 | | |
| 396 | | |
| 1,383 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (90 | ) | |
| (209 | ) | |
| (299 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 56 | | |
| 28 | | |
| 84 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance | |
$ | 514 | | |
$ | 619 | | |
$ | 2,340 | | |
$ | 71 | | |
$ | 67 | | |
$ | 632 | | |
$ | 4,243 | |
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued.
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| |
Residential | | |
Multi-Family | | |
Commercial | | |
| | |
| | |
| | |
| |
| |
Real Estate | | |
Real Estate | | |
Real Estate | | |
Land and Construction | | |
Commercial | | |
Consumer | | |
Total | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Individually evaluated for impairment: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Recorded investment | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
Balance in allowance for loan losses | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Collectively evaluated for impairment: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Recorded investment | |
$ | 50,354 | | |
$ | 69,555 | | |
$ | 310,695 | | |
$ | 17,286 | | |
$ | 5,165 | | |
$ | 30,323 | | |
$ | 483,378 | |
Balance in allowance for loan losses | |
$ | 768 | | |
$ | 748 | | |
$ | 3,262 | | |
$ | 173 | | |
$ | 277 | | |
$ | 565 | | |
$ | 5,793 | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued. The Company has divided the loan portfolio into six portfolio segments, each with different risk characteristics
and methodologies for assessing risk. All loans are underwritten based upon standards set forth in the policies approved by the Bank’s
Board of Directors. The Company identifies the portfolio segments as follows:
Residential
Real Estate, Multi-Family Real Estate, Commercial Real Estate, Land and Construction. Residential real estate loans are underwritten
based on repayment capacity and source, value of the underlying property, credit history and stability. The Company offers first and
second one-to-four family mortgage loans; the collateral for these loans is generally the clients’ owner-occupied residences. Although
these types of loans present lower levels of risk than commercial real estate loans, risks do still exist because of possible fluctuations
in the value of the real estate collateral securing the loan, as well as changes in the borrowers’ financial condition. Multi-family
and commercial real estate loans are secured by the subject property. Underwriting standards include, among other factors, loan to value
limits, cash flow coverage and general creditworthiness of the obligors. Construction loans to borrowers finance the construction of
owner occupied and leased properties. These loans are categorized as construction loans during the construction period, later converting
to commercial or residential real estate loans after the construction is complete and amortization of the loan begins. Real estate development
and construction loans are approved based on an analysis of the borrower and guarantor, the viability of the project and an acceptable
percentage of the appraised value of the property securing the loan. Real estate development and construction loan funds are disbursed
periodically based on the percentage of construction completed. The Company carefully monitors these loans with on-site inspections and
requires the receipt of lien waivers on funds advanced. Development and construction loans are typically secured by the properties under
development or construction, and personal guarantees are typically obtained. Further, to assure that reliance is not placed solely on
the value of the underlying property, the Company considers the market conditions and feasibility of proposed projects, the financial
condition and reputation of the borrower and guarantors, the amount of the borrower’s equity in the project, independent appraisals,
cost estimates and pre-construction sales information. The Company also makes loans on occasion for the purchase of land for future development
by the borrower. Land loans are extended for future development for either commercial or residential use by the borrower. The Company
carefully analyzes the intended use of the property and the viability thereof.
Commercial.
Commercial business loans and lines of credit consist of loans to small- and medium-sized companies. Commercial loans are generally used for working capital purposes or for acquiring equipment, inventory or furniture. Primarily
all of the Company’s commercial loans are secured loans, along with a small amount of unsecured loans. The Company’s underwriting
analysis consists of a review of the financial statements of the borrower, the lending history of the borrower, the debt service capabilities
of the borrower, the projected cash flows of the business, the value of the collateral, if any, and whether the loan is guaranteed by
the principals of the borrower. These loans are generally secured by accounts receivable, inventory and equipment. Commercial loans are
typically made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business, which
makes them of higher risk than residential loans and the collateral securing loans may be difficult to appraise and may fluctuate in
value based on the success of the business. The Company mitigates these risks through its underwriting standards.
Consumer.
Consumer loans are extended for various purposes, including purchases of automobiles, recreational vehicles, and boats. Also
offered are home improvement loans, lines of credit, personal loans, and deposit account collateralized loans. Repayment of these loans
is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such
as unemployment levels. Loans to consumers are extended after a credit evaluation, including the creditworthiness of the borrower(s),
the purpose of the credit, and the secondary source of repayment. Consumer loans are made at fixed and variable interest rates. Risk
is mitigated by the fact that the loans are of smaller individual amounts.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued. The following summarizes the loan credit quality (in thousands):
Schedule of Loans by Credit Quality
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
Pass | | |
OLEM
(Other
Loans Especially
Mentioned) | | |
Sub-
Standard | | |
Doubtful | | |
Loss | | |
Total | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
$ | 50,354 | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 50,354 | |
Multi-family real estate | |
| 69,555 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 69,555 | |
Commercial real estate | |
| 309,458 | | |
| — | | |
| 1,237 | | |
| — | | |
| — | | |
| 310,695 | |
Land and construction | |
| 17,286 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 17,286 | |
Commercial | |
| 5,165 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 5,165 | |
Consumer | |
| 30,323 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 30,323 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 482,141 | | |
$ | — | | |
$ | 1,237 | | |
$ | — | | |
$ | — | | |
$ | 483,378 | |
Internally
assigned loan grades are defined as follows:
|
Pass
– a Pass loan’s primary source of loan repayment is satisfactory, with secondary sources very likely to be realized if
necessary. These are loans that conform in all aspects to bank policy and regulatory requirements, and no repayment risk has been
identified. |
|
|
|
OLEM
– an Other Loan Especially Mentioned has potential weaknesses that deserve management’s close attention. If left uncorrected,
these potential weaknesses may result in the deterioration of the repayment prospects for the asset or the Company’s credit
position at some future date. |
|
|
|
Substandard
– a Substandard loan is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral
pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.
Included in this category are loans that are current on their payments, but the Bank is unable to document the source of repayment.
They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. |
|
|
|
Doubtful
– a loan classified as Doubtful has all the weaknesses inherent in one classified as Substandard, with the added characteristics
that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly
questionable and improbable. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather
it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected
in the future. The Company charges off any loan classified as Doubtful. |
|
|
|
Loss
– a loan classified Loss is considered uncollectible and of such little value that continuance as a bankable asset is not warranted.
This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable
to defer writing off this basically worthless asset even though partial recovery may be effected in the future. The Company fully
charges off any loan classified as loss. |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued. Age analysis of past-due loans is as follows (in thousands):
Schedule of Age Analysis of
Past-due Loans
| |
Accruing Loans | | |
| | |
| |
| |
30-59 Days Past Due | | |
60-89 Days Past Due | | |
Greater Than 90 Days Past Past | | |
Total Past Due | | |
Current | | |
Nonaccrual Loans | | |
Total Loans | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 60,273 | | |
$ | — | | |
$ | 60,273 | |
Multi-family real estate | |
| 1,259 | | |
| — | | |
| — | | |
| 1,259 | | |
| 68,259 | | |
| — | | |
| 69,518 | |
Commercial real estate | |
| — | | |
| — | | |
| — | | |
| — | | |
| 321,814 | | |
| — | | |
| 321,814 | |
Land and construction | |
| — | | |
| — | | |
| — | | |
| — | | |
| 27,019 | | |
| — | | |
| 27,019 | |
Commercial | |
| — | | |
| — | | |
| — | | |
| — | | |
| 6,950 | | |
| — | | |
| 6,950 | |
Consumer | |
| 347 | | |
| 158 | | |
| — | | |
| 505 | | |
| 40,181 | | |
| — | | |
| 40,686 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 1,606 | | |
$ | 158 | | |
$ | — | | |
$ | 1,764 | | |
$ | 524,496 | | |
$ | — | | |
$ | 526,260 | |
| |
Accruing Loans | | |
| | |
| |
| |
30-59 Days Past Due | | |
60-89 Days Past Due | | |
Greater Than 90 Days Past Due | | |
Total Past Due | | |
Current | | |
Nonaccrual Loans | | |
Total Loans | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 50,354 | | |
$ | — | | |
$ | 50,354 | |
Multi-family real estate | |
| — | | |
| — | | |
| — | | |
| — | | |
| 69,555 | | |
| — | | |
| 69,555 | |
Commercial real estate | |
| — | | |
| — | | |
| — | | |
| — | | |
| 310,695 | | |
| — | | |
| 310,695 | |
Land and construction | |
| — | | |
| — | | |
| — | | |
| — | | |
| 17,286 | | |
| — | | |
| 17,286 | |
Commercial | |
| — | | |
| — | | |
| — | | |
| — | | |
| 5,165 | | |
| — | | |
| 5,165 | |
Consumer | |
| 150 | | |
| 27 | | |
| — | | |
| 177 | | |
| 30,146 | | |
| — | | |
| 30,323 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 150 | | |
$ | 27 | | |
$ | — | | |
$ | 177 | | |
$ | 483,201 | | |
$ | — | | |
$ | 483,378 | |
|
The
Company has not made any modifications of loans to borrowers experiencing financial difficulties during the six months ended June
30, 2023. |
|
|
|
No
loans have been determined to be troubled debt restructurings (TDR’s) during the six-month period ended June 30, 2022. At June
30, 2023 and 2022, there were no loans modified and entered into as TDR’s within the past twelve months, that subsequently
defaulted during the six-month periods ended June 30, 2022. |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued.
Term
Loans
Amortized
Cost Basis by Origination Year
Schedule
of Amortized Cost Basis
| |
Term Loans
Amortized Cost Basis by Origination Year | | |
Revolving Loans
(Amortized | | |
Revolving Loans Converted to Term Loans (Amortized | | |
| |
land and construction | |
June
30, 2023 | | |
2022 | | |
2021 | | |
2020 | | |
2019 | | |
Prior | | |
Cost
Basis) | | |
Cost
Basis) | | |
Total | |
Pass | |
$ | 6,406 | | |
$ | 15,136 | | |
$ | 2,324 | | |
$ | 1,509 | | |
$ | 1,644 | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 27,019 | |
OLEM (Other Loans Especially Mentioned) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Substandard | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Doubtful | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Loss | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Subtotal loans | |
$ | 6,406 | | |
$ | 15,136 | | |
$ | 2,324 | | |
$ | 1,509 | | |
$ | 1,644 | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 27,019 | |
Current period Gross charge-offs | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
Residential real estate | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 7,350 | | |
$ | 26,567 | | |
$ | 9,853 | | |
$ | 6,686 | | |
$ | 4,097 | | |
$ | 3,286 | | |
$ | 2,434 | | |
$ | - | | |
$ | 60,273 | |
OLEM (Other Loans Especially Mentioned) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Substandard | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Doubtful | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Loss | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Subtotal loans | |
$ | 7,350 | | |
$ | 26,567 | | |
$ | 9,853 | | |
$ | 6,686 | | |
$ | 4,097 | | |
$ | 3,286 | | |
$ | 2,434 | | |
$ | - | | |
$ | 60,273 | |
Current period Gross charge-offs | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued.
Term
Loans
Amortized
Cost Basis by Origination Year
| |
Term Loans
Amortized Cost Basis by Origination Year | | |
Revolving
Loans
(Amortized | | |
Revolving Loans Converted to Term
Loans (Amortized | | |
| |
Multi-family
real estate | |
June
30, 2023 | | |
2022 | | |
2021 | | |
2020 | | |
2019 | | |
Prior | | |
Cost
Basis) | | |
Cost
Basis) | | |
Total | |
Pass |
|
$ |
998 |
|
|
$ |
29,396 |
|
|
$ |
29,570 |
|
|
$ |
6,185 |
|
|
$ |
2,090 |
|
|
$ |
1,279 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
69,518 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
998 |
|
|
$ |
29,396 |
|
|
$ |
29,570 |
|
|
$ |
6,185 |
|
|
$ |
2,090 |
|
|
$ |
1,279 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
69,518 |
|
Current
period Gross charge-offs |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Commercial
real estate (CRE) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
20,590 |
|
|
$ |
199,769 |
|
|
$ |
55,017 |
|
|
$ |
16,183 |
|
|
$ |
12,815 |
|
|
$ |
16,218 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
320,592 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,222 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,222 |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
20,590 |
|
|
$ |
199,769 |
|
|
$ |
55,017 |
|
|
$ |
16,183 |
|
|
$ |
14,037 |
|
|
$ |
16,218 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
321,814 |
|
Current
period Gross charge-offs |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
4,044 |
|
|
$ |
1,401 |
|
|
$ |
1,363 |
|
|
$ |
85 |
|
|
$ |
57 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,950 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
4,044 |
|
|
$ |
1,401 |
|
|
$ |
1,363 |
|
|
$ |
85 |
|
|
$ |
57 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,950 |
|
Current
period Gross charge-offs |
|
$ |
(16 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(26 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(42 |
) |
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
8,798 |
|
|
$ |
9,359 |
|
|
$ |
5,612 |
|
|
$ |
250 |
|
|
$ |
198 |
|
|
$ |
- |
|
|
$ |
16,469 |
|
|
$ |
- |
|
|
$ |
40,686 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
8,798 |
|
|
$ |
9,359 |
|
|
$ |
5,612 |
|
|
$ |
250 |
|
|
$ |
198 |
|
|
$ |
- |
|
|
$ |
16,469 |
|
|
$ |
- |
|
|
$ |
40,686 |
|
Current
period Gross charge-offs |
|
$ |
(30 |
) |
|
$ |
(505 |
) |
|
$ |
(266 |
) |
|
$ |
(3 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(804 |
) |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(4)
Earnings Per Share. Basic earnings per share have been computed on the basis of the weighted-average number of shares of common
stock outstanding during the periods. During the three- and six-months periods ended June 30, 2023 and 2022, basic and diluted earnings
per share is the same as there were no outstanding potentially dilutive securities. Earnings per common share have been computed based
on the following:
Schedule
of Basic and Diluted Loss Per Share
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| |
Three Months Ended | | |
Six Months Ended | |
| |
June 30, | | |
June 30, | |
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
Weighted-average number of common shares outstanding used to calculate basic and diluted earnings per common share | |
$ | 7,250,219 | | |
$ | 6,007,484 | | |
$ | 7,226,953 | | |
$ | 5,455,406 | |
(5)
Stock-Based Compensation
The Company is authorized to grant stock options, stock grants and other
forms of equity-based compensation under its 2018 Equity Incentive Plan (the “2018 Plan”). The plan has been approved by the
shareholders. The Company is currently authorized to issue up to 1,050,000 shares of common stock under the 2018 Plan, due to an amendment
to increase the number of authorized shares from 500,000 to 1,050,000 that was approved by shareholders in June 2023. At June 30, 2023,
539,320 shares remain available for grant.
During the six-month period ended June 30, 2023, the Company issued 66,479
shares to a director for services performed and recorded compensation expense of $274,000.
During the six-month period ended June 30, 2023, the Company issued 52,622
shares to employees for services performed and recorded compensation expense of $216,000.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(6)
Fair Value Measurements.
Debt
securities available for sale measured at fair value on a recurring basis are summarized below (in thousands):
Schedule of Debt Securities Available-for-sale Measured at Fair Value on Recurring Basis
| |
| | |
| | |
| | |
| |
| |
| | |
Fair Value Measurements Using | |
| |
Fair Value | | |
Quoted Prices In Active Markets for Identical Assets (Level 1) | | |
Significant Other Observable Inputs (Level 2) | | |
Significant Unobservable Inputs (Level 3) | |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 759 | | |
$ | — | | |
$ | 759 | | |
| — | |
Collateralized mortgage obligations | |
| 124 | | |
| — | | |
| 124 | | |
| — | |
Taxable municipal securities | |
| 12,011 | | |
| — | | |
| 12,011 | | |
| — | |
Mortgage-backed securities | |
| 11,868 | | |
| — | | |
| 11,868 | | |
| — | |
Total | |
$ | 24,762 | | |
| — | | |
$ | 24,762 | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 817 | | |
$ | — | | |
$ | 817 | | |
| — | |
Collateralized mortgage obligations | |
| 130 | | |
| — | | |
| 130 | | |
| — | |
Taxable municipal securities | |
| 11,620 | | |
| — | | |
| 11,620 | | |
| — | |
Mortgage-backed securities | |
| 12,535 | | |
| — | | |
| 12,535 | | |
| — | |
Total | |
$ | 25,102 | | |
| — | | |
$ | 25,102 | | |
| — | |
(7)
Fair Value of Financial Instruments. The estimated fair values and fair value measurement method with respect to the Company’s
financial instruments were as follows (in thousands):
Schedule of Estimated Fair Value of Financial Instruments
| |
At June 30, 2023 | | |
At December 31, 2022 | |
| |
Carrying Amount | | |
Fair Value | | |
Level | | |
Carrying Amount | | |
Fair Value | | |
Level | |
| |
| | |
| | |
| | |
| | |
| | |
| |
Financial assets: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Cash and cash equivalents | |
$ | 78,373 | | |
$ | 78,373 | | |
| 1 | | |
$ | 71,836 | | |
$ | 71,836 | | |
| 1 | |
Debt securities available for sale | |
| 24,762 | | |
| 24,762 | | |
| 2 | | |
| 25,102 | | |
| 25,102 | | |
| 2 | |
Debt securities held-to-maturity | |
| 445 | | |
| 406 | | |
| 2 | | |
| 540 | | |
| 504 | | |
| 2 | |
Loans | |
| 518,829 | | |
| 512,031 | | |
| 3 | | |
| 477,218 | | |
| 476,566 | | |
| 3 | |
Federal Home Loan Bank stock | |
| 717 | | |
| 717 | | |
| 3 | | |
| 600 | | |
| 600 | | |
| 3 | |
Accrued interest receivable | |
| 1,559 | | |
| 1,559 | | |
| 3 | | |
| 1,444 | | |
| 1,444 | | |
| 3 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Financial liabilities: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Deposit liabilities | |
| 551,631 | | |
| 556,017 | | |
| 3 | | |
| 507,899 | | |
| 512,357 | | |
| 3 | |
Federal Home Loan Bank advances | |
| 10,000 | | |
| 9,456 | | |
| 3 | | |
| 10,000 | | |
| 9,450 | | |
| 3 | |
Off-balance sheet financial instruments | |
| — | | |
| — | | |
| 3 | | |
| — | | |
| — | | |
| 3 | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(8)
Off- Balance Sheet Financial Instruments. The Company is party to financial instruments with off-balance-sheet risk in the
normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit,
unused lines of credit, and standby letters of credit and may involve, to varying degrees, elements of credit and interest-rate risk
in excess of the amount recognized in the condensed consolidated balance sheet. The contract amounts of these instruments reflect the
extent of involvement the Company has in these financial instruments.
The
Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments
to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments
as it does for on-balance-sheet instruments.
Commitments
to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract.
Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because some of the
commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.
The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary
by the Company, upon extension of credit, is based on management’s credit evaluation of the counterparty.
Standby
letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit
risk involved in issuing letters of credit to customers is essentially the same as that involved in extending loan facilities to customers.
The Bank generally holds collateral supporting those commitments. Standby letters of credit generally have expiration dates within one
year.
Commitments
to extend credit, unused lines of credit, and standby letters of credit typically result in loans with a market interest rate when funded.
A summary of the contractual amounts of the Company’s financial instruments with off-balance-sheet risk at June 30, 2023 follows
(in thousands):
Schedule of Off-Balance Sheet Risks of Financial Instruments
| |
| | |
Commitments to extend credit | |
$ | 32,184 | |
| |
| | |
Unused lines of credit | |
$ | 56,272 | |
| |
| | |
Standby letters of credit | |
$ | 4,313 | |
(9)
Regulatory Matters. The Bank is subject to various regulatory capital requirements administered by the bank regulatory agencies.
Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators
that, if undertaken, could have a direct material effect on the Company and Bank’s financial statements. Under capital adequacy
guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative
measures of its assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital
amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(9)
Regulatory Matters, Continued.
As of June 30, 2023 and December 31, 2022, the Bank meets all capital adequacy requirements to which it is subject. The
Bank’s actual capital amounts and percentages are presented in the table ($ in thousands):
Schedule of Capital Amounts, Ratios and Regulatory Thresholds
| |
Actual | | |
To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework) | |
| |
Amount | | |
% | | |
Amount | | |
% | |
As of June 30, 2023: | |
| | |
| | |
| | |
| |
Tier 1 Capital to Total Assets | |
| 69,234 | | |
| 11.20 | % | |
| 55,616 | | |
| 9.00 | % |
| |
| | | |
| | | |
| | | |
| | |
As of December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
Tier 1 Capital to Total Assets | |
| 66,291 | | |
| 11.29 | % | |
| 52,865 | | |
| 9.00 | % |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(10)
Series B Preferred Stock
Except in the event of liquidation,
if the Company declares or pays a dividend or distribution on the common stock, the Company shall simultaneously declare and pay a
dividend on the Series B Preferred Stock on a pro rata basis with the common stock determined on an as-converted basis assuming all
shares of Series B Preferred Stock had been converted immediately prior to the record date of the applicable dividend. As of June
30, 2023 the Series B Preferred Stock is convertible into 11,113,889 shares
of common stock, at the option of the Company, subject to the prior fulfilment of the following conditions: (i) such conversion
shall have been approved by the holders of a majority of the outstanding common stock of the Company; and (ii) such conversion must
not result in any holder of the Series B Preferred Stock and any persons with whom the holder may be acting in concert, becoming the
beneficial owners of more than 9.9% of the outstanding shares of the Company’s common stock, unless the issuance, shall have
been approved by all banking regulatory authorities whose approval is required for the acquisition of such shares. The number of
shares issuable upon conversion is subject to adjustment based on the terms of the Series B Preferred Stock. The Series B Preferred
has preferential liquidation rights over common stockholders. The liquidation price is the greater of $25,000 per
share of Series B Preferred or such amount per share of Series B Preferred that would have been payable had all shares of the Series
B Preferred had been converted into common stock pursuant to the terms of the Series B Preferred Stock’s Certificate of
Designation immediately prior to a liquidation. The Series B Preferred generally has no voting rights except as provided in the
Certificate of Designation.
The
Series B Preferred Stock are subdivided into three categories. The Company is authorized to issue 760 shares of Series B-1; 260 shares
of Series B-2; and 500 shares of Series B-3.
Each series has substantially the same rights, preferences, powers, restrictions and limitations, except that the initial conversion price of
the Series B-1 is $2.50 per share; the initial conversion price for Series B-2 is $4.00 per share, and the initial conversion price for
Series B-3 is $4.50 per share.
During
the Annual Meeting of Shareholders held on June 27, 2023, the Company’s shareholders approved the issuance of up to 11,113,889
shares of common stock upon conversion of the Series B preferred stock previously issued by the Company.
(11)
Contingencies. Various claims arise from time to time in the normal course of business. In the opinion of management, none
have occurred that will have a material effect on the Company’s condensed consolidated financial statements.
During
the three-months ended June 30, 2023 the Company incurred a one-time expense relate to the settlement of a foreclosure litigation in
the amount of $375,000.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
The
following discussion should be read in conjunction with the condensed consolidated financial statements and notes thereto presented elsewhere
in this report. For additional information, refer to the consolidated financial statements and footnotes for the year ended December
31, 2022, in the Annual Report on Form 10-K.
This
Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve known and unknown risks and
uncertainties, many of which are beyond the control of the Company, including adverse changes in economic, political and market conditions,
losses from the Company’s lending activities, increases in interest rates, the possible loss of key personnel, the impact of increasing
competition, the impact of changes in government regulation, the possibility of liabilities arising from violations of federal and state
securities laws and the impact of changes in technology in the banking industry. Although the Company believes that its forward-looking
statements are based upon reasonable assumptions regarding its business and future market conditions, there can be no assurances that
the Company’s actual results will not differ materially from any results expressed or implied by the Company’s forward-looking
statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Readers are cautioned that any forward-looking statements are not guarantees of future performance.
Strategic
Plan
Our
key strategic initiatives are designed to generate continued growth in earning assets, core transaction and savings deposits,
treasury management fee income, and lower costs. Continued emphasis on expansion of our footprint and exploring additional lines of
business are also part of our plans.
On
the loan side, we intend to continue our focus on increasing our multi-family, non-owner occupied, commercial real estate, and skilled
nursing facility loan portfolios. As to deposits, we are focused on identifying deposit growth opportunities among our existing customer
base and prospects throughout Florida and the United States. With respect to treasury management, our focus will remain on merchant cash
advance providers and the related electronic funds transfer line of business. For this revenue source to increase further in a meaningful
way, automation will be necessary in order to further improve efficiency. We are currently investing in the necessary technology to achieve
this end.
Going
forward, our strategic plan will continue to emphasize and build upon initiatives focused on strengthening credit oversight and
credit administrative processes and procedures. Moreover, management continues to identify loan growth opportunities that are
designed to improve overall profitability without sacrificing credit quality and underwriting standards. This growth oriented
strategic direction is expected to be facilitated by maintaining credit administration objectives including a risk-based and
comprehensive credit culture and a credit administrative infrastructure that reinforces appropriate risk management
practices.
During
the third quarter of 2023, the Bank plans to offer U.S. Small Business Administration (“SBA”) SBA 7A loans. SBA 7A loans
are generally used to establish a new business or assist in the acquisition, operation, or expansion of an existing business. With
SBA loan programs, there are set eligibility requirements and underwriting standards outlined by SBA that can change as the
government alters its fiscal policy. These loans are generally secured by accounts receivable, inventory, equipment, and real estate. The
Bank hired two full-time SBA staff. So, loans and revenue they may produce will be without any increased expense, other than
servicing fees.
Additionally,
management has implemented initiatives that have enabled us to grow our loan portfolio primarily with locally generated relationships
in the non-owner occupied, multi-family and commercial real estate sectors. However, out-of-area loans and loan pool purchases will be considered as deemed
appropriate and subject to proper due diligence to further increase interest income and for portfolio diversification purposes.
Capital
Levels
As
of June 30, 2023, the Bank is well capitalized under regulatory guidelines.
Refer
to Note 9 for the Bank’s actual and required minimum capital ratios.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
Financial
Condition at June 30, 2023 and December 31, 2022
Overview
The
Company’s total assets increased by approximately $47 million to $633 million at June 30, 2023, from $585 million at December 31,
2022, primarily due to increases in loans, and cash and cash equivalents. The growth in assets was attributable to the success of the
Company’s efforts to increase loans and deposits from new customers. Net loans grew by $42 million to $519 million and deposits
grew by approximately $44 million to $552 million at June 30, 2023, from $477 million and $508 million at December 31, 2022. Total stockholders’
equity increased by approximately $3 million to $66 million at June 30, 2023, from $63 million at December 31, 2022, primarily due to
net earnings, proceeds from common stock sales and changes in unrealized loss on debt securities available for sale.
The
following table shows selected information for the periods ended or at the dates indicated:
| |
Six Months Ended | | |
Year Ended | |
| |
June 30, 2023 | | |
December 31, 2022 | |
| |
| | |
| |
Average equity as a percentage of average assets | |
| 10.6 | % | |
| 9.9 | % |
| |
| | | |
| | |
Equity to total assets at end of period | |
| 10.4 | % | |
| 10.7 | % |
| |
| | | |
| | |
Return on average assets (1) | |
| 0.8 | % | |
| 0.9 | % |
| |
| | | |
| | |
Return on average equity (1) | |
| 7.6 | % | |
| 8.6 | % |
| |
| | | |
| | |
Noninterest expenses to average assets (1) | |
| 2.4 | % | |
| 2.1 | % |
(1)
Annualized for the six months ended June 30, 2023.
Liquidity
and Sources of Funds
The
Company’s sources of funds include customer deposits, advances from the Federal Home Loan Bank of Atlanta (“FHLB”),
principal repayments and sales of debt securities, loan repayments, the use of Federal Funds markets, net earnings, and loans taken out
at the Federal Reserve Bank discount window.
Deposits
are our primary source of funds. In order to increase its core deposits, the Company has priced its deposit rates competitively. The
Company will adjust rates on its deposits to attract or retain deposits as needed.
The
Company increased deposits by approximately $44 million during the six-month period ended June 30, 2023. The proceeds were used to originate
new loans.
In
addition to obtaining funds from depositors, the Company may borrow funds from other financial institutions. At June 30, 2023, the Company
had outstanding borrowings of $10 million, against its $155 million in established borrowing capacity. with the FHLB. The Company’s
borrowing facility is subject to collateral and stock ownership requirements, as well as prior FHLB consent to each advance. At June
30, 2023, the Company also had available lines of credit amounting to $25 million with six correspondent banks to purchase federal funds.
Disbursements on the lines of credit are subject to the approval of the correspondent banks. The Company has an available discount window
credit line with the Federal Reserve Bank, currently $12 million. The Federal Reserve Bank line is subject to collateral requirements.
We measure and monitor our liquidity daily and believe our liquidity sources are adequate to meet our operating needs.
Off-Balance
Sheet Arrangements
Refer
to Note 8 in the condensed consolidated financial statements for Off-Balance Sheet Arrangements.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
Results
of Operations
The
following table sets forth, for the periods indicated, information regarding (i) the total dollar amount of interest and dividend income
of the Company from interest-earning assets and the resultant average yields; (ii) the total dollar amount of interest expense on interest-bearing
liabilities and the resultant average cost; (iii) net interest income; (iv) interest-rate spread; (v) net interest margin; and (vi) the
ratio of average interest-earning assets to average interest-bearing liabilities.
|
|
Three Months Ended June 30, |
|
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
Interest |
|
|
Average |
|
|
|
|
|
Interest |
|
|
Average |
|
|
|
Average |
|
|
and |
|
|
Yield/ |
|
|
Average |
|
|
and |
|
|
Yield/ |
|
(dollars in thousands) |
|
Balance |
|
|
Dividends |
|
|
Rate(5) |
|
|
Balance |
|
|
Dividends |
|
|
Rate(5) |
|
Interest-earning assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans |
|
$ |
515,342 |
|
|
$ |
7,252 |
|
|
|
5.63 |
% |
|
$ |
297,472 |
|
|
$ |
3,764 |
|
|
|
5.06 |
% |
Securities |
|
|
25,656 |
|
|
|
172 |
|
|
|
2.68 |
% |
|
|
29,944 |
|
|
|
159 |
|
|
|
2.12 |
% |
Other (1) |
|
|
58,552 |
|
|
|
755 |
|
|
|
5.16 |
% |
|
|
44,235 |
|
|
|
102 |
|
|
|
0.92 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-earning assets/interest income |
|
|
599,550 |
|
|
|
8,179 |
|
|
|
5.46 |
% |
|
|
371,651 |
|
|
|
4,025 |
|
|
|
4.33 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due from banks |
|
|
12,929 |
|
|
|
|
|
|
|
|
|
|
|
15,264 |
|
|
|
|
|
|
|
|
|
Premises and equipment |
|
|
1,154 |
|
|
|
|
|
|
|
|
|
|
|
863 |
|
|
|
|
|
|
|
|
|
Other |
|
|
5,330 |
|
|
|
|
|
|
|
|
|
|
|
5,010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
618,963 |
|
|
|
|
|
|
|
|
|
|
$ |
392,788 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Savings, NOW and money-market deposits |
|
$ |
129,890 |
|
|
|
395 |
|
|
|
1.22 |
% |
|
$ |
154,365 |
|
|
|
125 |
|
|
|
0.32 |
% |
Time deposits |
|
|
229,376 |
|
|
|
2,161 |
|
|
|
3.77 |
% |
|
|
15,958 |
|
|
|
45 |
|
|
|
1.13 |
% |
Borrowings (2) |
|
|
10,330 |
|
|
|
31 |
|
|
|
1.20 |
% |
|
|
24,649 |
|
|
|
102 |
|
|
|
1.66 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-bearing liabilities/interest expense |
|
|
369,596 |
|
|
|
2,587 |
|
|
|
2.80 |
% |
|
|
194,972 |
|
|
|
272 |
|
|
|
0.56 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing demand deposits |
|
|
179,050 |
|
|
|
|
|
|
|
|
|
|
|
146,579 |
|
|
|
|
|
|
|
|
|
Other liabilities |
|
|
5,105 |
|
|
|
|
|
|
|
|
|
|
|
2,521 |
|
|
|
|
|
|
|
|
|
Stockholders’ equity |
|
|
65,212 |
|
|
|
|
|
|
|
|
|
|
|
48,716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders’ equity |
|
$ |
618,963 |
|
|
|
|
|
|
|
|
|
|
$ |
392,788 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
|
|
|
|
$ |
5,592 |
|
|
|
|
|
|
|
|
|
|
$ |
3,753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate spread (3) |
|
|
|
|
|
|
|
|
|
|
2.66 |
% |
|
|
|
|
|
|
|
|
|
|
3.77 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest margin (4) |
|
|
|
|
|
|
|
|
|
|
3.73 |
% |
|
|
|
|
|
|
|
|
|
|
4.04 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of average interest-earning assets to average interest-bearing liabilities |
|
|
1.62 |
|
|
|
|
|
|
|
|
|
|
|
1.91 |
|
|
|
|
|
|
|
|
|
(1) |
Includes
interest-earning deposits with banks and Federal Home Loan Bank stock dividends. |
(2) |
Includes
Federal Home Loan Bank advances and other borrowings. |
(3) |
Interest-rate
spread represents the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities. |
(4) |
Net
interest margin is net interest income divided by average interest-earning assets. |
(5) |
Annualized. |
|
|
Six Months Ended June 30, |
|
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
Interest |
|
|
Average |
|
|
|
|
|
Interest |
|
|
Average |
|
|
|
Average |
|
|
and |
|
|
Yield/ |
|
|
Average |
|
|
and |
|
|
Yield/ |
|
(dollars in thousands) |
|
Balance |
|
|
Dividends |
|
|
Rate(5) |
|
|
Balance |
|
|
Dividends |
|
|
Rate(5) |
|
Interest-earning assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans |
|
$ |
504,000 |
|
|
$ |
13,841 |
|
|
|
5.49 |
% |
|
$ |
280,957 |
|
|
$ |
7,027 |
|
|
|
5.00 |
% |
Securities |
|
|
25,766 |
|
|
|
350 |
|
|
|
2.72 |
% |
|
|
32,026 |
|
|
|
322 |
|
|
|
2.01 |
% |
Other (1) |
|
|
59,801 |
|
|
|
1,504 |
|
|
|
5.03 |
% |
|
|
57,933 |
|
|
|
139 |
|
|
|
0.48 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-earning assets/interest income |
|
|
589,567 |
|
|
|
15,695 |
|
|
|
5.32 |
% |
|
|
370,916 |
|
|
|
7,488 |
|
|
|
4.04 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due from banks |
|
|
14,939 |
|
|
|
|
|
|
|
|
|
|
|
15,277 |
|
|
|
|
|
|
|
|
|
Premises and equipment |
|
|
1,072 |
|
|
|
|
|
|
|
|
|
|
|
861 |
|
|
|
|
|
|
|
|
|
Other |
|
|
5,753 |
|
|
|
|
|
|
|
|
|
|
|
4,850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
611,331 |
|
|
|
|
|
|
|
|
|
|
$ |
391,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Savings, NOW and money-market deposits |
|
$ |
125,834 |
|
|
|
666 |
|
|
|
1.06 |
% |
|
$ |
168,478 |
|
|
|
286 |
|
|
|
0.34 |
% |
Time deposits |
|
|
233,957 |
|
|
|
4,322 |
|
|
|
3.69 |
% |
|
|
14,097 |
|
|
|
59 |
|
|
|
0.84 |
% |
Borrowings (2) |
|
|
10,248 |
|
|
|
56 |
|
|
|
1.09 |
% |
|
|
21,324 |
|
|
|
163 |
|
|
|
1.53 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-bearing liabilities/interest expense |
|
|
370,039 |
|
|
|
5,044 |
|
|
|
2.73 |
% |
|
|
203,899 |
|
|
|
508 |
|
|
|
0.50 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing demand deposits |
|
|
172,065 |
|
|
|
|
|
|
|
|
|
|
|
141,927 |
|
|
|
|
|
|
|
|
|
Other liabilities |
|
|
4,808 |
|
|
|
|
|
|
|
|
|
|
|
2,598 |
|
|
|
|
|
|
|
|
|
Stockholders’ equity |
|
|
64,419 |
|
|
|
|
|
|
|
|
|
|
|
43,480 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders’ equity |
|
$ |
611,331 |
|
|
|
|
|
|
|
|
|
|
$ |
391,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
|
|
|
|
$ |
10,651 |
|
|
|
|
|
|
|
|
|
|
$ |
6,980 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate spread (3) |
|
|
|
|
|
|
|
|
|
|
2.59 |
% |
|
|
|
|
|
|
|
|
|
|
3.54 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest margin (4) |
|
|
|
|
|
|
|
|
|
|
3.61 |
% |
|
|
|
|
|
|
|
|
|
|
3.76 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of average interest-earning assets to average interest-bearing liabilities |
|
|
1.59 |
|
|
|
|
|
|
|
|
|
|
|
1.82 |
|
|
|
|
|
|
|
|
|
(1) |
Includes
interest-earning deposits with banks and Federal Home Loan Bank stock dividends. |
(2) |
Includes
Federal Home Loan Bank advances and other borrowings. |
(3) |
Interest-rate
spread represents the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities. |
(4) |
Net
interest margin is net interest income divided by average interest-earning assets. |
(5) |
Annualized. |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
Comparison
of the Three-Month Periods Ended June 30, 2023, and 2022
| |
Three Months Ended | | |
Increase / | |
| |
June 30, | | |
(Decrease) | |
(dollars in thousands) | |
2023 | | |
2022 | | |
Amount | | |
Percentage | |
Total interest income | |
$ | 8,179 | | |
$ | 4,025 | | |
$ | 4,154 | | |
| 103 | % |
Total interest expense | |
| 2,587 | | |
| 272 | | |
| 2,315 | | |
| 851 | % |
Net interest income | |
| 5,592 | | |
| 3,753 | | |
| 1,839 | | |
| 49 | % |
Credit loss expense | |
| 704 | | |
| 991 | | |
| (287 | ) | |
| -29 | % |
Net interest income after provision for loan losses | |
| 4,888 | | |
| 2,762 | | |
| 2,126 | | |
| 77 | % |
Total noninterest income | |
| 772 | | |
| 764 | | |
| 8 | | |
| 1 | % |
Total noninterest expenses | |
| 3,902 | | |
| 2,260 | | |
| 1,642 | | |
| 73 | % |
Net earnings before income taxes | |
| 1,758 | | |
| 1,266 | | |
| 492 | | |
| 39 | % |
Income taxes | |
| 446 | | |
| 321 | | |
| 125 | | |
| 39 | % |
Net earnings | |
$ | 1,312 | | |
$ | 945 | | |
| 367 | | |
| 39 | % |
Net earnings per share - Basic and diluted | |
$ | 0.18 | | |
$ | 0.16 | | |
| | | |
| | |
Net
earnings. Net earnings for the three months ended June 30, 2023, were $1,312,000 or $.18 per basic and diluted share compared
to net earnings of $945,000 or $.16 per basic and diluted share for the three months ended June 30, 2022. The increase in net earnings
during the three months ended June 30, 2023 compared to three months ended June 30, 2022 is primarily attributed to an increase in net
interest income and non-interest income, partially offset by the increase in non-interest expense.
Interest
income. Interest income increased $4.2 million for the three months ended June 30, 2023 compared to the three months ended June
30, 2022 due primarily to growth in the loan portfolio and increases in yields on interest earning assets.
Interest
expense. Interest expense increased $2.3 million to $2.6 million for the three months ended June 30, 2023, compared to the three
months ended June 30, 2022, primarily due to interest bearing deposit rates and changes in the composition of deposits.
Credit
loss expense. Expected credit loss expense was $704,000 for the three months ended June 30, 2023, compared to $991,000 for
the three months ended June 30, 2022. The expected credit loss expense is charged to earnings as losses are expected to have
occurred in order to bring the total allowance for credit losses to a level deemed appropriate by management to absorb losses
expected. Management’s periodic evaluation of the adequacy of the allowance for credit losses is based upon
historical experience, the volume and type of lending conducted by us, adverse situations that may affect the borrower’s
ability to repay, estimated value of the underlying collateral, general economic conditions, particularly as they relate to our
market areas, and other factors related to the estimated collectability of our loan portfolio. The allowance for credit losses
totaled $6.6 million or 1.26% of loans outstanding at June 30, 2023, compared to $5.8 million or 1.20% of loans outstanding at
December 31, 2022. The increase in the credit loss expense during the second quarter of 2023 was primarily due to loan volume growth
and the evaluation of the other factors noted above. During the three-months ended June 30, 2023, the net charge off amounting to
$253,000 arose mostly due to consumer lending for the three-month ended June 30, 2023.
Noninterest
income. Total noninterest income increased to $772,000 for the three months ended June 30, 2023, from $764,000 for the three
months ended June 30, 2022, due to increased wire transfer and ACH fees during second quarter of 2023.
Noninterest
expenses. Total noninterest expenses increased to $3.9 million for the three months ended June 30, 2023, compared to $2.3
million for the three months ended June 30, 2022, primarily due to one-time litigation settlement, increase in salaries and employee
benefits, data processing, and other operating costs.
Comparison
of the Six-Month Periods Ended June 30, 2023 and 2022
| |
Six Months Ended | | |
Increase / | |
| |
June 30, | | |
(Decrease) | |
(dollars in thousands) | |
2023 | | |
2022 | | |
Amount | | |
Percentage | |
Total interest income | |
$ | 15,695 | | |
$ | 7,488 | | |
$ | 8,207 | | |
| 110 | % |
Total interest expense | |
| 5,044 | | |
| 508 | | |
| 4,536 | | |
| 893 | % |
Net interest income | |
| 10,651 | | |
| 6,980 | | |
| 3,671 | | |
| 53 | % |
Credit loss expense | |
| 1,524 | | |
| 1,383 | | |
| 141 | | |
| 10 | % |
Net interest income after provision for loan losses | |
| 9,127 | | |
| 5,597 | | |
| 3,530 | | |
| 63 | % |
Total noninterest income | |
| 1,501 | | |
| 1,414 | | |
| 87 | | |
| 6 | % |
Total noninterest expenses | |
| 7,324 | | |
| 4,600 | | |
| 2,724 | | |
| 59 | % |
Net earnings before income taxes | |
| 3,304 | | |
| 2,411 | | |
| 893 | | |
| 37 | % |
Income taxes | |
| 839 | | |
| 611 | | |
| 228 | | |
| 37 | % |
Net earnings | |
$ | 2,465 | | |
$ | 1,800 | | |
| 665 | | |
| 37 | % |
Net earnings per share - Basic and diluted | |
$ | 0.34 | | |
$ | 0.33 | | |
| | | |
| | |
Net
earnings. Net earnings for the six months ended June 30, 2023, was $2,465,000 or $.34 per basic and diluted share compared to net earnings of $1,800,000 or $.33 per basic and diluted share for the six months ended June 30, 2022. The increase in net earnings
during the six months ended June 30, 2023 compared to six months ended June 30, 2022 is primarily attributed to an increase in net interest income, partially offset by the increase in noninterest expense.
Interest
Income. Interest income increased $8.2 million for the six months ended June 30, 2023 compared to the six months ended June
30, 2022 due primarily to growth in the loan portfolio and increase in loan and fed funds yields.
Interest
Expense. Interest expense increased $4.5 million to $5.0 million for the six months ended June 30, 2023 compared to the six-months
ended June 30, 2022 as a result of an increase in deposits and rates.
Credit
loss expense. Expected credit loss expense was $1.5 million for the six months ended June 30, 2023, compared to $1.4
million for the six months ended June 30, 2022. The allowance for credit losses totaled $6.6 million or 1.26% of loans outstanding
at June 30, 2023, compared to $5.8 million or 1.20% of loans outstanding at December 31, 2022. The increase in the credit loss
expense during the six months ended June 30, 2023 was primarily due to loan volume growth and the evaluation of the other factors
noted above. During the six-months ended June 30, 2023, the net charge off amounting to $677,000 arose mostly due to consumer
lending for the six month ended June 30, 2023.
Noninterest
Income. Total noninterest income increased to $1.5 million for the six months ended June 30, 2023, from $1.4 million for the
six months ended June 30, 2022 due to increased wire transfer and ACH fees related to an increase in business checking accounts
during the six-month period ended June 30, 2023.
Noninterest
Expenses. Total noninterest expenses increased to $7.3 million for the six months ended June 30, 2023 compared to $4.6
million for the six months ended June 30, 2022 primarily due to one-time litigation settlement, increase in salaries and employee
benefits, data processing, and other operating costs.
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Item
4. Controls and Procedures
The
Company’s management evaluated the effectiveness of the disclosure controls and procedures as of the end of the period covered
by this report, and, based on this evaluation, the Principal Executive Officer and Principal Financial Officer concluded that these disclosure
controls and procedures are effective.
There
have been no significant changes in the Company’s internal control over financial reporting during the quarter ended June 30, 2023, that have
materially affected, or are reasonably likely to materially affect, internal control over financial reporting.
PART
II. OTHER INFORMATION
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
During
the first six months of 2023, the Company issued 72,221 shares of its common stock in a private placement transaction to two accredited investors
at a price of $4.50 per share. None of these investors was an officer, director or affiliate of the Company. The Company issued these
shares in reliance on Section 4(a)(2) of the Securities Act as a transaction by an issuer not involving a public offering.
Item
6. Exhibits
The
exhibits listed in the Exhibit Index following the signature page are filed or furnished with or incorporated by reference into this
report.
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
|
OPTIMUMBANK
HOLDINGS, INC. |
|
(Registrant) |
|
|
|
Date:
August 9, 2023 |
By: |
/s/
Timothy Terry |
|
|
Timothy
Terry |
|
|
Principal
Executive Officer |
|
|
|
|
By: |
/s/
Joel Klein |
|
|
Joel
Klein |
|
|
Principal
Financial Officer |
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
EXHIBIT
INDEX
101.INS |
|
Inline
XBRL Instance Document |
|
|
|
101.SCH |
|
Inline
XBRL Taxonomy Extension Schema Document |
|
|
|
101.CAL |
|
Inline
XBRL Taxonomy Extension Calculation Linkbase Document |
|
|
|
101.LAB |
|
Inline
XBRL Taxonomy Extension Label Linkbase Document |
|
|
|
101.PRE |
|
Inline
XBRL Taxonomy Extension Presentation Linkbase Document |
|
|
|
101.DEF |
|
Inline
XBRL Taxonomy Extension Definition Linkbase Document |
|
|
|
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
EXHIBIT 31.1
CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER
REQUIRED BY RULE 13A-14(A)/15D-14(A)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
I certify that:
1. |
I have reviewed this report on Form 10-Q of OptimumBank Holdings, Inc. (the “Company”); |
|
|
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
|
|
3. |
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
|
|
4. |
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have: |
(a) Designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiary, is made known to us by others within that entity, particularly during the period
in which this report is being prepared;
(b) Designed such internal control over financial
reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant’s
disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant’s
internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s
fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the
registrant’s internal control over financial reporting; and
5. |
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company’s auditors and the Audit Committee of the Company’s Board of Directors: |
(a) All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s
ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not material, that involves
management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
/s/ Timothy Terry |
|
Timothy Terry |
|
Principal Executive Officer |
|
Date: August 9, 2023 |
EXHIBIT 31.2
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
REQUIRED BY RULE 13A-14(A)/15D-14(A)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
I certify that:
1. |
I have reviewed this report on Form 10-Q of OptimumBank Holdings, Inc. (the “Company”); |
|
|
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, nor misleading with respect to the period covered by this report; |
|
|
3. |
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
|
|
4. |
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have: |
(a) Designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiary, is made known to us by others within that entity, particularly during the period
in which this report is being prepared;
(b) Designed such internal control over financial
reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant’s
disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant’s
internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s
fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the
registrant’s internal control over financial reporting; and
5. |
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company’s auditors and the Audit Committee of the Company’s Board of Directors: |
(a) All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s
ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not material, that involves
management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
/s/ Joel Klein |
|
Joel Klein |
|
Principal Financial Officer |
|
Date: August 9, 2023 |
EXHIBIT 32.1
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADDED BY
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly
Report of OptimumBank Holdings, Inc. (the “Company”) on Form 10-Q for the six months ended June 30, 2023, as filed with the
Securities and Exchange Commission (the “Report”), I, as the Principal Executive Officer of the Company, certify, pursuant
to 18 U.S.C. § 1350, as added by § 906 of the Sarbanes-Oxley Act of 2002, that:
|
1. |
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
|
|
|
|
2. |
To my knowledge, the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the Report. |
|
/s/ Timothy Terry |
|
Timothy Terry |
|
Principal Executive Officer |
|
Date: August 9, 2023 |
EXHIBIT 32.2
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADDED BY
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly
Report of OptimumBank Holdings, Inc. (the “Company”) on Form 10-Q for the six months ended June 30, 2023, as filed with the
Securities and Exchange Commission (the “Report”), I, as the Principal Financial Officer of the Company, certify, pursuant
to 18 U.S.C. § 1350, as added by § 906 of the Sarbanes-Oxley Act of 2002, that:
|
1. |
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
|
|
|
|
2. |
To my knowledge, the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the Report. |
|
/s/ Joel Klein |
|
Joel Klein |
|
Principal Financial Officer |
|
Date: August 9, 2023 |
v3.23.2
Cover - shares
|
6 Months Ended |
|
Jun. 30, 2023 |
Aug. 09, 2023 |
Cover [Abstract] |
|
|
Document Type |
10-Q
|
|
Amendment Flag |
false
|
|
Document Quarterly Report |
true
|
|
Document Transition Report |
false
|
|
Document Period End Date |
Jun. 30, 2023
|
|
Document Fiscal Period Focus |
Q2
|
|
Document Fiscal Year Focus |
2023
|
|
Current Fiscal Year End Date |
--12-31
|
|
Entity File Number |
000-50755
|
|
Entity Registrant Name |
OPTIMUMBANK
HOLDINGS, INC.
|
|
Entity Central Index Key |
0001288855
|
|
Entity Tax Identification Number |
55-0865043
|
|
Entity Incorporation, State or Country Code |
FL
|
|
Entity Address, Address Line One |
2929
East Commercial Boulevard
|
|
Entity Address, City or Town |
Fort Lauderdale
|
|
Entity Address, State or Province |
FL
|
|
Entity Address, Postal Zip Code |
33308
|
|
City Area Code |
954
|
|
Local Phone Number |
900-2800
|
|
Title of 12(b) Security |
Common
Stock, $.01 Par Value
|
|
Trading Symbol |
OPHC
|
|
Security Exchange Name |
NASDAQ
|
|
Entity Current Reporting Status |
Yes
|
|
Entity Interactive Data Current |
Yes
|
|
Entity Filer Category |
Non-accelerated Filer
|
|
Entity Small Business |
true
|
|
Entity Emerging Growth Company |
false
|
|
Entity Shell Company |
false
|
|
Entity Common Stock, Shares Outstanding |
|
7,250,219
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as an quarterly report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-Q -Number 240 -Section 308 -Subsection a
+ Details
Name: |
dei_DocumentQuarterlyReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as a transition report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Forms 10-K, 10-Q, 20-F -Number 240 -Section 13 -Subsection a-1
+ Details
Name: |
dei_DocumentTransitionReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
+ Details
Name: |
dei_EntityCommonStockSharesOutstanding |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionIndicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityCurrentReportingStatus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityFilerCategory |
Namespace Prefix: |
dei_ |
Data Type: |
dei:filerCategoryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-T -Number 232 -Section 405
+ Details
Name: |
dei_EntityInteractiveDataCurrent |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityShellCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicates that the company is a Smaller Reporting Company (SRC).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntitySmallBusiness |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands |
Jun. 30, 2023 |
Dec. 31, 2022 |
Assets: |
|
|
Cash and due from banks |
$ 11,852
|
$ 19,788
|
Interest-bearing deposits with banks |
66,521
|
52,048
|
Total cash and cash equivalents |
78,373
|
71,836
|
Debt securities available for sale |
24,762
|
25,102
|
Debt securities held-to-maturity (fair value of $406 and $504) |
445
|
540
|
Loans, net of allowance for credit losses of $6,645 and $5,793 |
518,829
|
477,218
|
Federal Home Loan Bank stock |
717
|
600
|
Premises and equipment, net |
1,162
|
934
|
Right-of-use lease assets |
2,300
|
2,119
|
Accrued interest receivable |
1,559
|
1,444
|
Deferred tax asset |
3,091
|
3,836
|
Other assets |
1,275
|
1,590
|
Total assets |
632,513
|
585,219
|
Liabilities: |
|
|
Noninterest-bearing demand deposits |
215,326
|
159,193
|
Savings, NOW and money-market deposits |
128,732
|
108,726
|
Time deposits |
207,573
|
239,980
|
Total deposits |
551,631
|
507,899
|
Federal Home Loan Bank advances |
10,000
|
10,000
|
Official checks |
67
|
110
|
Operating lease liabilities |
2,370
|
2,172
|
Other liabilities |
2,516
|
2,458
|
Total liabilities |
566,584
|
522,639
|
Commitments and contingencies (Notes 8 and 11) |
|
|
Stockholders’ equity: |
|
|
Preferred stock, value |
|
|
Common stock, $.01 par value; 10,000,000 shares authorized, 7,250,219 and 7,058,897 shares issued and outstanding |
72
|
71
|
Additional paid-in capital |
91,221
|
90,408
|
Accumulated deficit |
(19,789)
|
(22,073)
|
Accumulated other comprehensive loss |
(5,575)
|
(5,826)
|
Total stockholders’ equity |
65,929
|
62,580
|
Total liabilities and stockholders’ equity |
632,513
|
585,219
|
Series A Preferred Stock [Member] |
|
|
Stockholders’ equity: |
|
|
Preferred stock, value |
|
|
Series B Preferred Stock [Member] |
|
|
Stockholders’ equity: |
|
|
Preferred stock, value |
|
|
X |
- DefinitionAmount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AdditionalPaidInCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(12)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 26: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(11)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFor banks and other depository institutions: Includes cash on hand (currency and coin), cash items in process of collection, noninterest bearing deposits due from other financial institutions (including corporate credit unions), and noninterest bearing balances with the Federal Reserve Banks, Federal Home Loan Banks and central banks.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_CashAndDueFromBanks |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe sum of cash and cash equivalents plus Federal Funds Sold. Cash and cash equivalents consist of short term, highly liquid investments that are readily convertible to known amounts of cash and are so near their maturity that they present negligible risk of changes in value due to changes in interest rates -- usually with an original maturity less than 90 days.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.1,2,3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_CashCashEquivalentsAndFederalFundsSold |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionRepresents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(15)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.17) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommitmentsAndContingencies |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_Deposits |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of deposits in accounts that offer many of the same services as checking accounts although transactions may be somewhat more limited, share some of the characteristics of a money market fund and are insured by the Federal government, also known as money market accounts. Also includes amount of deposits in interest-bearing transaction accounts at banks or savings and loans, that are restricted in regard to ownership and can usually only be held by individuals, nonprofit entities and governments. Negotiable order of withdrawal accounts differ from money market demand accounts as they typically have higher reserve requirements and no limit on the number of checks that can be written.
+ References
+ Details
Name: |
us-gaap_DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionIncluding both current and noncurrent portions, Federal Home Loan Bank borrowings initially due beyond one year or beyond the normal operating cycle if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480876/942-470-45-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-2
+ Details
Name: |
us-gaap_FederalHomeLoanBankAdvancesLongTerm |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionFederal Home Loan Bank (FHLB) stock represents an equity interest in a FHLB. It does not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 325 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481026/942-325-45-1
+ Details
Name: |
us-gaap_FederalHomeLoanBankStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, before allowance for credit loss, of investment in debt security measured at amortized cost (held-to-maturity).
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7A -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A
+ Details
Name: |
us-gaap_HeldToMaturitySecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFor banks and other depository institutions (including Federal Reserve Banks, if applicable): Interest-bearing deposits in other financial institutions for relatively short periods of time including, for example, certificates of deposits, which are presented separately from cash on the balance sheet.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481309/942-210-45-4
+ Details
Name: |
us-gaap_InterestBearingDepositsInBanks |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionCarrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480833/946-310-45-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_InterestReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(14)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
Reference 21: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 22: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19-26) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_Liabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(25)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(32)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481990/310-10-45-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.7) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableNetReportedAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe aggregate amount of all domestic and foreign noninterest-bearing deposits liabilities held by the entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_NoninterestBearingDepositLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's right to use underlying asset under operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseRightOfUseAsset |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(10)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_OtherAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(12)(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(12)(b)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(15)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(12)(b)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.15) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_OtherLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PreferredStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480842/942-360-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated undistributed earnings (deficit).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-11
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(17)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of time deposit liabilities, including certificates of deposit.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 405 -Topic 942 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481047/942-405-50-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_TimeDeposits |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands |
Jun. 30, 2023 |
Dec. 31, 2022 |
Debt securities held to maturity, fair value |
$ 406
|
$ 504
|
Loans, allowance for loan losses |
$ 6,645
|
$ 5,793
|
Preferred stock, par value |
$ 0
|
$ 0
|
Preferred stock, shares authorized |
6,000,000
|
6,000,000
|
Common stock, par value |
$ 0.01
|
$ 0.01
|
Common stock, shares authorized |
10,000,000
|
10,000,000
|
Common stock, shares issued |
7,250,219
|
7,058,897
|
Common stock, shares outstanding |
7,250,219
|
7,058,897
|
Series A Preferred Stock [Member] |
|
|
Preferred stock, par value |
$ 0
|
$ 0
|
Preferred stock, shares issued |
0
|
0
|
Preferred stock, shares outstanding |
0
|
0
|
Series B Preferred Stock [Member] |
|
|
Preferred stock, par value |
$ 0
|
$ 0
|
Preferred stock, shares authorized |
1,520
|
1,520
|
Preferred stock, shares issued |
1,360
|
1,360
|
Preferred stock, shares outstanding |
1,360
|
1,360
|
X |
- DefinitionFace amount or stated value per share of common stock.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionFair value of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480832/942-320-50-3A
Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5
Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480832/942-320-50-3
+ Details
Name: |
us-gaap_HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b)(1)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481696/310-30-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(1) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L.1) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-4
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableAllowance |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionFace amount per share of no-par value preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockNoParValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PreferredStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PreferredStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PreferredStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
Interest income: |
|
|
|
|
Loans |
$ 7,252
|
$ 3,764
|
$ 13,841
|
$ 7,027
|
Debt securities |
172
|
159
|
350
|
322
|
Other |
755
|
102
|
1,504
|
139
|
Total interest income |
8,179
|
4,025
|
15,695
|
7,488
|
Interest expense: |
|
|
|
|
Deposits |
2,556
|
170
|
4,988
|
345
|
Borrowings |
31
|
102
|
56
|
163
|
Total interest expense |
2,587
|
272
|
5,044
|
508
|
Net interest income |
5,592
|
3,753
|
10,651
|
6,980
|
Credit loss expense |
704
|
991
|
1,524
|
1,383
|
Net interest income after credit loss expense |
4,888
|
2,762
|
9,127
|
5,597
|
Noninterest income: |
|
|
|
|
Service charges and fees |
759
|
680
|
1,478
|
1,269
|
Other |
13
|
84
|
23
|
145
|
Total noninterest income |
772
|
764
|
1,501
|
1,414
|
Noninterest expenses: |
|
|
|
|
Salaries and employee benefits |
2,041
|
1,307
|
4,007
|
2,642
|
Professional fees |
171
|
142
|
368
|
289
|
Occupancy and equipment |
188
|
175
|
377
|
342
|
Data processing |
385
|
285
|
751
|
562
|
Regulatory assessment |
224
|
23
|
433
|
100
|
Litigation Settlement |
375
|
|
375
|
|
Other |
518
|
328
|
1,013
|
665
|
Total noninterest expenses |
3,902
|
2,260
|
7,324
|
4,600
|
Net earnings before income taxes |
1,758
|
1,266
|
3,304
|
2,411
|
Income taxes |
446
|
321
|
839
|
611
|
Net earnings |
$ 1,312
|
$ 945
|
$ 2,465
|
$ 1,800
|
Net earnings per share - Basic |
$ 0.18
|
$ 0.16
|
$ 0.34
|
$ 0.33
|
Net earnings per share - Diluted |
$ 0.18
|
$ 0.16
|
$ 0.34
|
$ 0.33
|
X |
- DefinitionService charges and fees.
+ References
+ Details
Name: |
OPHC_ServiceChargesAndFees |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-15
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-10
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-15
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionRepresents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 45 -Paragraph 39 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480228/946-830-45-39
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-5) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_InterestAndDividendIncomeOperating |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_InterestAndDividendIncomeOperatingAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of operating dividend and interest income, including amortization and accretion of premiums and discounts, on securities.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(Footnote 4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6
+ Details
Name: |
us-gaap_InterestAndDividendIncomeSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_InterestAndFeeIncomeLoansAndLeases |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of the cost of borrowed funds accounted for as interest expense.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-3
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (210.5-03(11)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483013/835-20-50-1
+ Details
Name: |
us-gaap_InterestExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_InterestExpenseAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAggregate amount of interest expense on all borrowings.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.7,8) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_InterestExpenseBorrowings |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAggregate amount of interest expense on all deposits.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.6) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_InterestExpenseDeposits |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe net amount of operating interest income (expense).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.10) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_InterestIncomeExpenseNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees.
+ References
+ Details
Name: |
us-gaap_LitigationSettlementExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4
Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B
Reference 32: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 34: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7
Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionTotal aggregate amount of all noninterest expense.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.14) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_NoninterestExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NoninterestExpenseAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_NoninterestIncome |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NoninterestIncomeAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue earned, classified as other, excluding interest income.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-03(1)(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_NoninterestIncomeOtherOperatingIncome |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481161/840-30-50-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.6) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.14(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_OccupancyNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount, after discount, accretion and premium amortization, of interest income and dividend income classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_OtherInterestAndDividendIncome |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of noninterest expense classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.14) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_OtherNoninterestExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionA fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-3
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
+ Details
Name: |
us-gaap_ProfessionalFees |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of expense (reversal of expense) for expected credit loss on accounts receivable.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_ProvisionForDoubtfulAccounts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.23.2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
Income Statement [Abstract] |
|
|
|
|
Net earnings |
$ 1,312
|
$ 945
|
$ 2,465
|
$ 1,800
|
Change in unrealized loss on debt securities: |
|
|
|
|
Unrealized (loss) gain arising during the period |
(380)
|
(3,124)
|
335
|
(5,905)
|
Amortization of unrealized loss on debt securities transferred to held-to-maturity |
1
|
4
|
2
|
11
|
Other comprehensive (loss) income before income taxes |
(379)
|
(3,120)
|
337
|
(5,894)
|
Deferred income taxes benefit (provision) |
91
|
792
|
(85)
|
1,495
|
Total other comprehensive (loss) income |
(288)
|
(2,328)
|
252
|
(4,399)
|
Comprehensive income (loss) |
$ 1,024
|
$ (1,383)
|
$ 2,717
|
$ (2,599)
|
X |
- DefinitionAmount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(24)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(26)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-5
+ Details
Name: |
us-gaap_ComprehensiveIncomeNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncomeStatementAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4
Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B
Reference 32: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 34: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7
Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount, before tax, of adjustment from accumulated other comprehensive income (loss) for amortization of gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) from transfer to investment in debt security measured at amortized cost (held-to-maturity).
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 10B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481889/320-10-35-10B
+ Details
Name: |
us-gaap_OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossBeforeTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentBeforeTaxPeriodIncreaseDecreaseAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount, after adjustment, of tax expense (benefit) for unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and tax expense (benefit) for unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-12
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount before tax of other comprehensive income (loss) attributable to parent entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 20 -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-20
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(3) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax and reclassification adjustments of other comprehensive income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-4
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 55 -Paragraph 15 -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482739/220-10-55-15
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount, before tax and adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-9
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.23.2
Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands |
Preferred Stock [Member]
Series A Preferred Stock [Member]
|
Preferred Stock [Member]
Series B Preferred Stock [Member]
|
Common Stock [Member] |
Additional Paid-in Capital [Member] |
Retained Earnings [Member] |
AOCI Attributable to Parent [Member] |
Total |
Balance at Dec. 31, 2021 |
|
|
$ 48
|
$ 65,193
|
$ (26,096)
|
$ (635)
|
$ 38,510
|
Balance, shares at Dec. 31, 2021 |
|
760
|
4,775,281
|
|
|
|
|
Proceeds from the sale of preferred stock (unaudited) |
|
|
|
6,500
|
|
|
6,500
|
Proceeds from the sale of preferred stock (unaudited), shares |
|
260
|
|
|
|
|
|
Proceeds from the sale of common stock (unaudited) |
|
|
$ 12
|
5,511
|
|
|
5,523
|
Proceeds from the sale of common stock (unaudited), shares |
|
|
1,227,331
|
|
|
|
|
Net change in unrealized loss on debt securities available for sale (unaudited) |
|
|
|
|
|
(2,078)
|
(2,078)
|
Amortization of unrealized loss on debt securities transferred to held-to-maturity (unaudited) |
|
|
|
|
|
7
|
7
|
Net earnings (unaudited) |
|
|
|
|
855
|
|
855
|
Balance at Mar. 31, 2022 |
|
|
$ 60
|
77,204
|
(25,241)
|
(2,706)
|
49,317
|
Balance, shares at Mar. 31, 2022 |
|
1,020
|
6,002,612
|
|
|
|
|
Balance at Dec. 31, 2021 |
|
|
$ 48
|
65,193
|
(26,096)
|
(635)
|
38,510
|
Balance, shares at Dec. 31, 2021 |
|
760
|
4,775,281
|
|
|
|
|
Net earnings (unaudited) |
|
|
|
|
|
|
1,800
|
Balance at Jun. 30, 2022 |
|
|
$ 60
|
77,300
|
(24,296)
|
(5,034)
|
48,030
|
Balance, shares at Jun. 30, 2022 |
|
1,020
|
6,027,105
|
|
|
|
|
Balance at Mar. 31, 2022 |
|
|
$ 60
|
77,204
|
(25,241)
|
(2,706)
|
49,317
|
Balance, shares at Mar. 31, 2022 |
|
1,020
|
6,002,612
|
|
|
|
|
Net change in unrealized loss on debt securities available for sale (unaudited) |
|
|
|
|
|
(2,332)
|
(2,332)
|
Amortization of unrealized loss on debt securities transferred to held-to-maturity (unaudited) |
|
|
|
|
|
4
|
4
|
Net earnings (unaudited) |
|
|
|
|
945
|
|
945
|
Stock-based Compensation (unaudited) |
|
|
|
96
|
|
|
96
|
Stock-based compensation (unaudited), shares |
|
|
24,493
|
|
|
|
|
Balance at Jun. 30, 2022 |
|
|
$ 60
|
77,300
|
(24,296)
|
(5,034)
|
48,030
|
Balance, shares at Jun. 30, 2022 |
|
1,020
|
6,027,105
|
|
|
|
|
Balance at Dec. 31, 2022 |
|
|
$ 71
|
90,408
|
(22,073)
|
(5,826)
|
62,580
|
Balance, shares at Dec. 31, 2022 |
|
1,360
|
7,058,897
|
|
|
|
|
Proceeds from the sale of common stock (unaudited) |
|
|
|
324
|
|
|
324
|
Proceeds from the sale of common stock (unaudited), shares |
|
|
72,221
|
|
|
|
|
Net change in unrealized loss on debt securities available for sale (unaudited) |
|
|
|
|
|
538
|
538
|
Amortization of unrealized loss on debt securities transferred to held-to-maturity (unaudited) |
|
|
|
|
|
1
|
1
|
Net earnings (unaudited) |
|
|
|
|
1,153
|
|
1,153
|
Stock-based Compensation (unaudited) |
|
|
$ 1
|
489
|
|
|
490
|
Stock-based compensation (unaudited), shares |
|
|
119,101
|
|
|
|
|
Additional allowance recognized due to adoption of Topic 326 |
|
|
|
|
(181)
|
|
(181)
|
Balance at Mar. 31, 2023 |
|
|
$ 72
|
91,221
|
(21,101)
|
(5,287)
|
64,905
|
Balance, shares at Mar. 31, 2023 |
|
1,360
|
7,250,219
|
|
|
|
|
Balance at Dec. 31, 2022 |
|
|
$ 71
|
90,408
|
(22,073)
|
(5,826)
|
62,580
|
Balance, shares at Dec. 31, 2022 |
|
1,360
|
7,058,897
|
|
|
|
|
Net earnings (unaudited) |
|
|
|
|
|
|
2,465
|
Balance at Jun. 30, 2023 |
|
|
$ 72
|
91,221
|
(19,789)
|
(5,575)
|
65,929
|
Balance, shares at Jun. 30, 2023 |
|
1,360
|
7,250,219
|
|
|
|
|
Balance at Mar. 31, 2023 |
|
|
$ 72
|
91,221
|
(21,101)
|
(5,287)
|
64,905
|
Balance, shares at Mar. 31, 2023 |
|
1,360
|
7,250,219
|
|
|
|
|
Net change in unrealized loss on debt securities available for sale (unaudited) |
|
|
|
|
|
(289)
|
(289)
|
Amortization of unrealized loss on debt securities transferred to held-to-maturity (unaudited) |
|
|
|
|
|
1
|
1
|
Net earnings (unaudited) |
|
|
|
|
1,312
|
|
1,312
|
Balance at Jun. 30, 2023 |
|
|
$ 72
|
$ 91,221
|
$ (19,789)
|
$ (5,575)
|
$ 65,929
|
Balance, shares at Jun. 30, 2023 |
|
1,360
|
7,250,219
|
|
|
|
|
X |
- DefinitionAdditional allowance recognized adoption of accounting standards.
+ References
+ Details
Name: |
OPHC_AdditionalAllowanceRecognizedAdoptionOfAccountingStandards |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionStock issued during period shares sales of preferred stock.
+ References
+ Details
Name: |
OPHC_StockIssuedDuringPeriodSharesSalesOfPreferredStock |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionStock issued during period value sales of preferred stock.
+ References
+ Details
Name: |
OPHC_StockIssuedDuringPeriodValueSalesOfPreferredStock |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4
Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B
Reference 32: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 34: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7
Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount, before adjustment, of tax expense (benefit) for unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes tax expense (benefit) for unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 12 -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-12
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount, after tax and adjustments, of increase (decrease) in other than temporary impairment (OTTI) on investment in held-to-maturity security, recognized in other comprehensive loss and attributable to parent.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 20 -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-20
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(3) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 16A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-16A
Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A
Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 35A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481889/320-10-35-35A
+ Details
Name: |
us-gaap_OtherComprehensiveLossHeldToMaturitySecurityOttiAfterTaxAndAdjustmentsAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares issued which are neither cancelled nor held in the treasury.
+ References
+ Details
Name: |
us-gaap_SharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of new stock issued during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesNewIssues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber, after forfeiture, of shares or units issued under share-based payment arrangement. Excludes shares or units issued under employee stock ownership plan (ESOP).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 45 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480767/946-205-45-4
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueNewIssues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionValue, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
Cash flows from operating activities: |
|
|
Net earnings |
$ 2,465
|
$ 1,800
|
Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
Credit loss expense |
1,524
|
1,383
|
Depreciation and amortization |
115
|
115
|
Deferred income taxes |
734
|
613
|
Net accretion of fees, premiums and discounts |
11
|
(252)
|
Stock-based compensation expense |
490
|
96
|
Increase in accrued interest receivable |
(115)
|
(26)
|
Amortization of right of use asset |
134
|
217
|
Net decrease in operating lease liabilities |
(117)
|
(211)
|
Decrease (increase) in other assets |
315
|
(332)
|
(Decrease) increase in official checks and other liabilities |
(221)
|
1,050
|
Net cash provided by operating activities |
5,335
|
4,453
|
Cash flows from investing activities: |
|
|
Principal repayments of debt securities available for sale |
606
|
1,177
|
Principal repayments of debt securities held-to-maturity |
98
|
398
|
Net increase in loans |
(43,098)
|
(102,070)
|
Purchases of premises and equipment |
(343)
|
(112)
|
Purchase of FHLB stock |
(117)
|
(1,932)
|
Net cash used in investing activities |
(42,854)
|
(102,539)
|
Cash flows from financing activities: |
|
|
Net increase in deposits |
43,732
|
49,362
|
Net increase in FHLB Advances |
|
50,000
|
Net change in repurchase agreements |
|
5,000
|
Proceeds from sale of preferred stock |
|
6,500
|
Proceeds from sale of common stock |
324
|
5,523
|
Net cash provided by financing activities |
44,056
|
116,385
|
Net increase in cash and cash equivalents |
6,537
|
18,299
|
Cash and cash equivalents at beginning of the period |
71,836
|
58,970
|
Cash and cash equivalents at end of the period |
78,373
|
77,269
|
Cash paid during the period for: |
|
|
Interest |
4,792
|
473
|
Income taxes |
395
|
|
Noncash transactions: |
|
|
Change in accumulated other comprehensive loss, net change in unrealized loss on debt securities available for sale, net of income taxes |
252
|
(4,399)
|
Amortization of unrealized loss on debt securities transferred to held-to-maturity |
2
|
11
|
Reduction stockholders’ equity due to adoption of Topic 326, net |
(181)
|
|
Right-of use lease assets obtained in exchange for operating lease liabilities |
315
|
|
Increase in other liabilities for stock-based compensation |
|
$ 96
|
X |
- DefinitionAmortization of right of use asset.
+ References
+ Details
Name: |
OPHC_AmortizationOfRightofuseAsset |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmortization of unrealized loss on debt securities transferred to held to maturity.
+ References
+ Details
Name: |
OPHC_AmortizationOfUnrealizedLossOnDebtSecuritiesTransferredToHeldtomaturity |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionCash Paid During Year For [Abstract]
+ References
+ Details
Name: |
OPHC_CashPaidDuringYearForAbstract |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIncrease in other liabilities for stock based compensation.
+ References
+ Details
Name: |
OPHC_IncreaseInOtherLiabilitiesForStockBasedCompensation |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionPayments for proceeds from sale and maturity of held to maturity securities.
+ References
+ Details
Name: |
OPHC_PaymentsForProceedsFromSaleAndMaturityOfHeldToMaturitySecurities |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionReduction stockholders equity due to adoption of accounting standard.
+ References
+ Details
Name: |
OPHC_ReductionStockholdersEquityDueToAdoptionOfAccountingStandard |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of amortization expense attributable to debt discount (premium) and debt issuance costs.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69F -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-3
+ Details
Name: |
us-gaap_AmortizationOfFinancingCostsAndDiscounts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 1 -SubTopic 230 -Topic 830 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481877/830-230-45-1
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_DepreciationAmortizationAndAccretionNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe net cash inflow or outflow for the increase (decrease) in the beginning and end of period deposits balances.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-8
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 230 -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481160/942-230-45-1
+ Details
Name: |
us-gaap_IncreaseDecreaseInDeposits |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the aggregate amount due to the entity in the form of unpaid interest and dividends.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in loans from another Federal Home Loan Bank (FHLBank).
+ References
+ Details
Name: |
us-gaap_IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in obligation for operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(1) -SubTopic 20 -Topic 842 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in operating assets classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInOtherOperatingAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in operating liabilities classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-17
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-2
+ Details
Name: |
us-gaap_InterestPaidNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-25
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4
Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B
Reference 32: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 34: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7
Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount, after tax and reclassification adjustment, of gain (loss) in value of unsold investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), attributable to parent.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 20 -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-20
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(3) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OtherNoncashInvestingAndFinancingItemsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow to acquire Federal Home Loan Bank (FHLB) stock.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquireFederalHomeLoanBankStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from the additional capital contribution to the entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfCommonStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionProceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow from maturity, prepayment and call of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-11
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-11
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-12
+ Details
Name: |
us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash flow from investments sold under the agreement to repurchase such investment.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-9
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-8
+ Details
Name: |
us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of credit loss expense (reversal of expense) for financing receivable.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(11)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_ProvisionForLoanLossesExpensed |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase in right-of-use asset obtained in exchange for operating lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense for share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.23.2
General
|
6 Months Ended |
Jun. 30, 2023 |
Accounting Policies [Abstract] |
|
General |
(1) General. OptimumBank
Holdings, Inc. (the “Company”) is a one-bank holding company and owns 100%
of OptimumBank (the “Bank”), a Florida-chartered community bank. The Company’s only business is the operation of
the Bank. The Bank’s deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation
(“FDIC”). The Bank offers a variety of community banking services to individual and corporate customers through its two
banking offices located in Broward County, Florida. The Bank also markets its deposit and electronic funds transfer services on a national basis to merchant cash advance
providers.
Basis
of Presentation. In the opinion of management, the accompanying condensed consolidated financial statements of the Company
contain all adjustments (consisting principally of normal recurring accruals) necessary to present fairly the financial position at
June 30, 2023, and the results of operations and cash flows for the three and six month periods ended June 30, 2023 and 2022. All
significant intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three
and six months ended June 30, 2023, are not necessarily indicative of the results to be expected for the full year.
Comprehensive
Income (Loss). Generally Accepted Accounting Principles generally require that recognized revenue, expenses, gains and losses
be included in net earnings. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale
debt securities, are reported as a separate component of the equity section of the condensed consolidated balance sheets, such items
along with net earnings, are components of comprehensive income (loss).
Accumulated
other comprehensive loss consists of the following (in thousands):
Schedule
of Accumulated Other Comprehensive Loss
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
| |
| | |
| |
Unrealized loss on debt securities available for sale | |
$ | (7,452 | ) | |
$ | (7,786 | ) |
Unamortized portion of unrealized loss related to debt securities available for sale transferred to securities held-to-maturity | |
| (16 | ) | |
| (18 | ) |
Income tax benefit | |
| 1,893 | | |
| 1,978 | |
| |
| | | |
| | |
Accumulated other comprehensive loss | |
$ | (5,575 | ) | |
$ | (5,826 | ) |
Reclassifications.
Certain amounts have been reclassified to allow for consistent presentation for the periods presented.
Adoption
of New Accounting Standards. The Company adopted Accounting Standards Update 2016-13, Financial Instruments – Credit
Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and the related amendments (collectively, Accounting Standards
Codification 326), effective January 1, 2023. The guidance replaces the incurred loss methodology with an expected loss methodology that
is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under
the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt
securities. It also applies to certain off-balance sheet credit exposures not accounted for as insurance, including loan commitments,
standby letters of credits, financial guarantees, and other similar instruments. In addition, Accounting Standards Codification 326 (“ASC
326”) made changes to the accounting for debt securities available for sale. One such change is to require credit losses to be
presented as an allowance rather than as a write-down on debt securities available for sale that management does not intend to sell or
believes that it is more likely than not, they will not be required to sell. ASC 326 also changed the accounting for purchased financial
assets with credit deterioration.
The
Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet
credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts
continue to be reported in accordance with previously applicable GAAP. The adoption of CECL resulted in the recognition of $219,000 allowance
for credit losses, $23,000 of liability for unfunded commitments, a deferred income tax asset of $61,000 and a reduction in retained
earnings of $181,000. With this transition method, the Company did not have to restate comparative prior periods presented in the consolidated
financial statements related to ASC 326 but will present comparative prior periods disclosures using the previous accounting guidance
for the allowance for loan losses. The Company adopted ASC 326 using the prospective transition approach for debt securities available
for sale. As of January 1, 2023, the Company did not have any allowance for credit losses on debt securities.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
Allowance
for Credit Losses (“ACL”). The following is a summary of the Company’s significant accounting policies with
respect to ASC 326:
ACL
- Debt Securities Available for Sale. Management uses a systematic methodology to determine its ACL for debt securities available
for sale. Each quarter management evaluates impairment where there has been a decline in fair value below the amortized cost basis to
determine whether there is a credit loss associated with the decline in fair value. The Company first assesses whether it intends to
sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either
one of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair
value through income. For debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in
fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which the
fair value is less than the amortized cost basis, among various other factors, including the nature of the collateral, potential future
changes in collateral values, default rates, delinquency rates, third-party guarantees, credit ratings, interest rate changes since purchase,
volatility of the security’s fair value and historical loss information for financial assets secured with similar collateral among
other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from
the security are compared to the amortized cost basis. If the present value of cash flows expected to be collected is less than the amortized
cost basis, an ACL is recorded, which is limited by the amount that the fair value is less than the amortized cost basis. Credit losses
are calculated individually, rather than collectively. Any impairment that has not been recorded through an ACL is recognized in other
comprehensive loss.
Changes
in the ACL are recorded as credit loss expense (reversal). Losses are charged against the ACL when management believes the collectability
of the debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met.
Management
excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on the debt securities
available for sale and does not record an ACL on accrued interest receivable. As of June 30, 2023, the accrued interest receivable for
debt securities available for sale recognized in accrued interest receivable was $169,000.
ACL
– Debt Securities Held to Maturity. The Company measures expected credit losses on debt securities held to maturity on
a collective basis by major security type. U.S. Government agency securities, Mortgage-backed securities and collateralized mortgage
obligations are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have
a long history of no credit losses. Taxable municipal securities are highly rated by major credit agencies.
ACL
- Loans. The ACL reflects management’s estimate of losses that will result from the inability of our borrowers to make
required loan payments. The Company records loans charged-off against the ACL when management believes the uncollectability of a loan
balance is confirmed and subsequent recoveries, if any, increase the ACL when they are recognized.
Management
uses systematic methodologies to determine its ACL for loans and certain off- balance sheet credit exposures. The ACL is a valuation
account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. Management
estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions,
and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of the expected credit
losses. Adjustments to historical loss information are made for the differences in current loan-specific risk characteristics such as
differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in environmental conditions, such
as changes in unemployment rates, property values, or other relevant factors.
The
Company’s estimate of its ACL involves a high degree of judgment; therefore, management’s process for determining expected
credit losses may result in a range of expected credit losses.
The
Company’s ACL recorded in the balance sheet reflects management’s best estimate of expected credit losses. The Company recognizes
in earnings the amount needed to adjust the ACL for management’s current estimate of expected credit losses. The Company’s
ACL is calculated using collectively evaluated and individually evaluated loans.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
The
ACL is measured on a collective pool basis when similar risk characteristics exist. Loans with similar risk characteristics are grouped
into homogenous segments for analysis. The Company’s ACL is measured based on FDIC call report codes as these types of loans exhibit
similar risk characteristics. The loan portfolio is further segmented by loan product type, collateral codes, occupancy codes, property
code or lien position and are representative of the manner in which the Company lends.
The
ACL for each segment is measured through the use of the average charge-off method. In accordance with the average charge-off method,
an annual loss rate is applied to the amortized cost of an asset or pool of assets over the remaining expected life. The annual loss
rate consists of historical and forecasted loss components. The forecasted component is applied using loss rates from historical periods
that management believes are representative of economic conditions over a full economic cycle. For certain loan segments with limited
credit loss histories, management determined the loss experience of peer banks provides the best basis for its assessment of expected
credit losses. Other loan segments with more established loss histories utilize historical loss experience of the Company. Management
determined that the appropriate historical loss period will begin in the first quarter of 2001 and continue through the most recent quarter,
which represents a full peak to peak economic cycle. Additionally, management has determined that the Company’s reasonable and
supportable forecast period is one year.
Included
in its systematic methodology to determine its ACL, management considers the need to qualitatively adjust model results for risk factors
that are not considered within the Company’s loss estimation process but are nonetheless relevant in assessing the expected credit
losses within our loan pools.
These
qualitative factors (“Q-Factors”) may increase or decrease management’s estimate of expected credit losses by a calculated
percentage based upon the estimated level of risk. The various risks that may be considered in making Q-Factor adjustments include, among
other things, the impact of 1) changes in lending policies and procedures, including changes in underwriting standards; 2) changes in
international, national, regional and local economic conditions; 3) changes in the volume and severity of past due and nonaccrual status;
4) the effect of any concentrations of credit and changes in the levels of such concentrations; 5) changes in the experience, depth,
and ability of lending management; 6) changes in nature and volume of the portfolio; 7) trends in underlying collateral values; 8) changes
in the quality of the loan review system and 9) the effect of other external factors (i.e., competition, legal and regulatory requirements)
on the level of estimated credit losses.
The
annual loss rates, as defined above, adjusted for Q-Factors, are applied to the amortized loan balances over each subsequent period and
aggregated to arrive at the General ACL. The amortized loan balances are adjusted based on management’s estimate of loan repayments
in future periods.
When
a loan no longer shares similar risk characteristics with its segment, the asset is assessed to determine whether it should be included
in another segment or should be individually evaluated. Under ASC 326, the Company has adopted the collateral maintenance practical expedient
to measure the ACL based on the fair value of collateral. Collateral dependent loans are loans for which the repayment is expected to
be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. These
loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining ACL. A Specific
ACL is calculated on an individual loan basis based on the shortfall between the fair value of the loan’s collateral, which is
adjusted for selling costs, and amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance is required.
Financial assets that have been individually evaluated can be returned to a pool for purposes of estimating the expected credit loss
to the extent their credit profile improves and that the repayment terms were not considered to be unique to the asset.
Management
measures expected credit losses over the contractual term of a loan. The contractual term excludes expected extensions, renewals, and
modifications unless either of the following applies:
|
●
|
Management
has a reasonable expectation at the reporting date that a loan modification will be executed with an individual borrower. |
|
|
|
|
● |
The
extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally
cancellable by the Company. |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
The
Company follows its nonaccrual policy by reversing contractual interest income in the consolidated statements of income when the Company
places a loan on nonaccrual status. Therefore, management excludes the accrued interest receivable balance from the amortized cost basis
in measuring expected credit losses on the portfolio and does not record an ACL on accrued interest receivable. As of June 30, 2023,
the accrued interest receivable for loans was $1,377,000.
Also,
various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for
credit losses. Such agencies may require the Company to recognize additions to the allowance for credit losses based on their judgments
of information available to them at the time of their examination.
Prior
to the adoption of ASC 326, the allowance for loan losses represented management’s best estimate of inherent losses that had been
incurred within the existing portfolio of loans. The allowance for loan losses included allowance allocations calculated in accordance
with ASC 310, “Receivables” and allowance allocations calculated in accordance with ASC 450, “Contingencies.”
ACL
- Off -Balance Sheet Credit Exposures. The Company has a variety of assets that have a component that qualifies as an off-balance
sheet exposure. These primarily include commitments to extend credit, standby letters of credit, and unfunded commitments under revolving
lines of credit. The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk
via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. Management has determined
that a majority of the Company’s off-balance-sheet credit exposures are not unconditionally cancellable.
The
estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected
to be funded over their expected lives. Management used its judgement to determinate funding rates. Management applied the funding rates,
along with the loss factor rate determined for each pooled loan segment, to unfunded loan commitments, excluding unconditionally cancellable
exposures and letters of credit, to arrive at the reserve for unfunded loan commitments.
As
of June 30, 2023, the liability recorded for expected credit losses on unfunded commitments was $236,000 and is included in “other
liabilities” on the accompanying condensed consolidated balance sheets. The current adjustment to the ACL for unfunded commitments
is recognized through credit loss expense in the condensed consolidated statements of earnings.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 235 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//235/tableOfContent
+ Details
Name: |
us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Debt Securities
|
6 Months Ended |
Jun. 30, 2023 |
Debt Securities |
|
Debt Securities |
(2)
Debt Securities. Debt Securities have been classified according to management’s intent. The carrying amount of debt
securities and approximate fair values are as follows (in thousands):
Schedule
of Amortized Cost and Approximate Fair Values of Debt Securities
| |
| | |
Gross | | |
Gross | | |
| |
| |
Amortized | | |
Unrealized | | |
Unrealized | | |
Fair | |
| |
Cost | | |
Gains | | |
Losses | | |
Value | |
| |
| | |
| | |
| | |
| |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | |
Available for sale: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 775 | | |
$ | 1 | | |
$ | (17 | ) | |
$ | 759 | |
Collateralized mortgage obligations | |
| 139 | | |
| — | | |
| (15 | ) | |
| 124 | |
Taxable municipal securities | |
| 16,710 | | |
| — | | |
| (4,699 | ) | |
| 12,011 | |
Mortgage-backed securities | |
| 14,589 | | |
| — | | |
| (2,721 | ) | |
| 11,868 | |
Total | |
$ | 32,213 | | |
$ | 1 | | |
$ | (7,452 | ) | |
$ | 24,762 | |
| |
| | | |
| | | |
| | | |
| | |
Held-to-maturity: | |
| | | |
| | | |
| | | |
| | |
Collateralized mortgage obligations | |
$ | 415 | | |
$ | — | | |
$ | (39 | ) | |
$ | 376 | |
Mortgage-backed securities | |
| 30 | | |
| — | | |
| — | | |
| 30 | |
Total | |
$ | 445 | | |
$ | — | | |
$ | (39 | ) | |
$ | 406 | |
| |
| | |
Gross | | |
Gross | | |
| |
| |
Amortized | | |
Unrealized | | |
Unrealized | | |
Fair | |
| |
Cost | | |
Gains | | |
Losses | | |
Value | |
| |
| | |
| | |
| | |
| |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
Available for sale: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 834 | | |
$ | 1 | | |
$ | (18 | ) | |
$ | 817 | |
Collateralized mortgage obligations | |
| 145 | | |
| — | | |
| (15 | ) | |
| 130 | |
Taxable municipal securities | |
| 16,729 | | |
| — | | |
| (5,109 | ) | |
| 11,620 | |
Mortgage-backed securities | |
| 15,180 | | |
| — | | |
| (2,645 | ) | |
| 12,535 | |
Total | |
$ | 32,888 | | |
$ | 1 | | |
$ | (7,787 | ) | |
$ | 25,102 | |
| |
| | | |
| | | |
| | | |
| | |
Held-to-maturity: | |
| | | |
| | | |
| | | |
| | |
Collateralized mortgage obligations | |
$ | 475 | | |
$ | — | | |
$ | (35 | ) | |
$ | 440 | |
Mortgage-backed securities | |
| 65 | | |
| — | | |
| (1 | ) | |
| 64 | |
Total | |
$ | 540 | | |
$ | — | | |
$ | (36 | ) | |
$ | 504 | |
There
were no sales of debt securities during the six months ended June 30, 2023, and 2022.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(2) | Debt
Securities, Continued. |
Debt
Securities available for sale with gross unrealized losses, aggregated by investment category and length of time that individual debt
securities have been in a continuous loss position, is as follows (in thousands):
Schedule
of Debt Securities Available for Sale with Gross Unrealized Losses, by Investment Category
| |
Over Twelve Months | | |
Less Than Twelve Months | |
| |
Gross | | |
| | |
Gross | | |
| |
| |
Unrealized | | |
Fair | | |
Unrealized | | |
Fair | |
| |
Losses | | |
Value | | |
Losses | | |
Value | |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | |
Available for Sale: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 17 | | |
$ | 607 | | |
$ | — | | |
$ | — | |
Collateralized mortgage obligation | |
| 15 | | |
| 124 | | |
| — | | |
| — | |
Taxable municipal securities | |
| 4,699 | | |
| 12,012 | | |
| — | | |
| — | |
Mortgage-backed securities | |
| 2,721 | | |
| 11,868 | | |
| — | | |
| — | |
Total | |
$ | 7,452 | | |
$ | 24,611 | | |
$ | — | | |
$ | — | |
| |
Over Twelve Months | | |
Less Than Twelve Months | |
| |
Gross | | |
| | |
Gross | | |
| |
| |
Unrealized | | |
Fair | | |
Unrealized | | |
Fair | |
| |
Losses | | |
Value | | |
Losses | | |
Value | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
Available for Sale : | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 18 | | |
$ | 657 | | |
$ | — | | |
$ | — | |
Collateralized mortgage obligation | |
| — | | |
| — | | |
| 15 | | |
| 130 | |
Taxable municipal securities | |
| 5,109 | | |
| 11,620 | | |
| — | | |
| — | |
Mortgage-backed securities | |
| 2,621 | | |
| 12,292 | | |
| 24 | | |
| 243 | |
Total | |
$ | 7,748 | | |
$ | 24,569 | | |
$ | 39 | | |
$ | 373 | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(2) | Debt
Securities, Continued. |
At
June 30, 2023 and December 31, 2022, the unrealized losses on forty-two and forty investment debt securities, respectively, were caused by
interest-rate changes.
Management
evaluates debt securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to
determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently
when economic or market concerns warrant such evaluation. Consideration is given to (1) the financial condition and near-term prospects
of the issuer including looking at default and delinquency rates, (2) the outlook for receiving the contractual cash flows of the investments,
(3) the length of time and the extent to which the fair value has been less than cost, (4) the intent and ability to retain its investment
in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value or for a debt security whether it is
more-likely-than-not that the Company will be required to sell the debt security prior to recovering its fair value, (5) the anticipated
outlook for changes in the general level of interest rates, (6) credit ratings, (7) third party guarantees, and (8) collateral values.
In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government
or its agencies, whether downgrades by bond rating agencies have occurred, the results of reviews of the issuer’s financial condition,
and the issuer’s anticipated ability to pay the contractual cash flows of the investments.
The
Company performed an analysis that determined that the mortgage-backed securities, collateralized mortgage obligations, and U.S. government
securities, have a zero expected credit loss as they have the full faith and credit backing of the U.S. government or one of its agencies.
Municipal bonds that do not have a zero expected credit loss are evaluated at least quarterly to determine whether there is a credit
loss associated with a decline in fair value. At June 30, 2023 and December 31, 2022 all municipal securities were rated as investment
grade. All debt securities in an unrealized loss position as of June 30, 2023 continue to perform as scheduled and the Company does not
believe that there is a credit loss or that credit loss expense is necessary. Also, as part of our evaluation of our intent and ability
to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, the Company considers our investment
strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. The Company does not currently intend
to sell the investments within the portfolio, and it is not more-likely-than-not that a sale will be required.
Management
continues to monitor all of our investments with a high degree of scrutiny. There can be no assurance that in a future period, conditions
may exist at that time indicating that some or all of the Company’s securities may be sold that would require a charge to earnings
as credit loss expense in such period.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|
X |
- DefinitionDebt Securities [Text Block]
+ References
+ Details
Name: |
OPHC_DebtSecuritiesTextBlock |
Namespace Prefix: |
OPHC_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
OPHC_DisclosureDebtSecuritiesAbstract |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Loans
|
6 Months Ended |
Jun. 30, 2023 |
Receivables [Abstract] |
|
Loans |
(3)
Loans. The segments of loans are as follows (in thousands):
Schedule
of Components of Loans
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
| |
| | |
| |
Residential real estate | |
$ | 60,273 | | |
$ | 50,354 | |
Multi-family real estate | |
| 69,518 | | |
| 69,555 | |
Commercial real estate | |
| 321,814 | | |
| 310,695 | |
Land and construction | |
| 27,019 | | |
| 17,286 | |
Commercial | |
| 6,950 | | |
| 5,165 | |
Consumer | |
| 40,686 | | |
| 30,323 | |
| |
| | | |
| | |
Total loans | |
| 526,260 | | |
| 483,378 | |
| |
| | | |
| | |
Deduct: | |
| | | |
| | |
Net deferred loan fees, and costs | |
| (786 | ) | |
| (367 | ) |
Allowance for credit losses | |
| (6,645 | ) | |
| (5,793 | ) |
| |
| | | |
| | |
Loans, net | |
$ | 518,829 | | |
$ | 477,218 | |
An
analysis of the change in the allowance for credit losses follows (in thousands):
Schedule
of Changes in Allowance for Loan Losses
| |
Real Estate | | |
Real Estate | | |
Real Estate | | |
Construction | | |
Commercial | | |
Consumer | | |
Total | |
| |
Residential | | |
Multi-Family | | |
Commercial | | |
Land and | | |
| | |
| | |
| |
| |
Real Estate | | |
Real Estate | | |
Real Estate | | |
Construction | | |
Commercial | | |
Consumer | | |
Total | |
Three Months Ended June 30, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance March 31, 2023 | |
$ | 742 | | |
$ | 1,077 | | |
$ | 3,030 | | |
$ | 533 | | |
$ | 26 | | |
$ | 945 | | |
$ | 6,353 | |
Credit loss expense (income) | |
| 141 | | |
| (40 | ) | |
| (228 | ) | |
| 147 | | |
| 38 | | |
| 487 | | |
| 545 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (16 | ) | |
| (367 | ) | |
| (383 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 87 | | |
| 43 | | |
| 130 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance (June 30, 2023) | |
$ | 883 | | |
$ | 1,037 | | |
$ | 2,802 | | |
$ | 680 | | |
$ | 135 | | |
$ | 1,108 | | |
$ | 6,645 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Three Months Ended June 30, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Beginning balance | |
$ | 575 | | |
$ | 549 | | |
$ | 1,607 | | |
$ | 79 | | |
$ | 68 | | |
$ | 530 | | |
$ | 3,408 | |
(Credit) provision for loan losses | |
| (61 | ) | |
| 70 | | |
| 733 | | |
| (8 | ) | |
| 33 | | |
| 224 | | |
| 991 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (90 | ) | |
| (136 | ) | |
| (226 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 56 | | |
| 14 | | |
| 70 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance (June 30, 2022) | |
$ | 514 | | |
$ | 619 | | |
$ | 2,340 | | |
$ | 71 | | |
$ | 67 | | |
$ | 632 | | |
$ | 4,243 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended June 30, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Beginning balance Dec 31, 2022 | |
$ | 768 | | |
$ | 748 | | |
$ | 3,262 | | |
$ | 173 | | |
$ | 277 | | |
$ | 565 | | |
$ | 5,793 | |
Additional allowance recognized due to adoption of Topic 326 | |
| 33 | | |
| 327 | | |
| (367 | ) | |
| 278 | | |
| (262 | ) | |
| 209 | | |
| 218 | |
Balance January 31, 2023 | |
$ | 801 | | |
$ | 1,075 | | |
$ | 2,895 | | |
$ | 451 | | |
$ | 15 | | |
$ | 774 | | |
$ | 6,011 | |
Credit loss expense (income) | |
| 82 | | |
| (38 | ) | |
| (93 | ) | |
| 229 | | |
| 75 | | |
| 1,056 | | |
| 1,311 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (42 | ) | |
| (804 | ) | |
| (846 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 87 | | |
| 82 | | |
| 169 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance (June 30, 2023) | |
$ | 883 | | |
$ | 1,037 | | |
$ | 2,802 | | |
$ | 680 | | |
$ | 135 | | |
$ | 1,108 | | |
$ | 6,645 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended June 30, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Beginning balance | |
$ | 482 | | |
$ | 535 | | |
$ | 1,535 | | |
$ | 32 | | |
$ | 74 | | |
$ | 417 | | |
$ | 3,075 | |
Provision for loan losses | |
| 32 | | |
| 84 | | |
| 805 | | |
| 39 | | |
| 27 | | |
| 396 | | |
| 1,383 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (90 | ) | |
| (209 | ) | |
| (299 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 56 | | |
| 28 | | |
| 84 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance | |
$ | 514 | | |
$ | 619 | | |
$ | 2,340 | | |
$ | 71 | | |
$ | 67 | | |
$ | 632 | | |
$ | 4,243 | |
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued.
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| |
Residential | | |
Multi-Family | | |
Commercial | | |
| | |
| | |
| | |
| |
| |
Real Estate | | |
Real Estate | | |
Real Estate | | |
Land and Construction | | |
Commercial | | |
Consumer | | |
Total | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Individually evaluated for impairment: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Recorded investment | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
Balance in allowance for loan losses | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Collectively evaluated for impairment: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Recorded investment | |
$ | 50,354 | | |
$ | 69,555 | | |
$ | 310,695 | | |
$ | 17,286 | | |
$ | 5,165 | | |
$ | 30,323 | | |
$ | 483,378 | |
Balance in allowance for loan losses | |
$ | 768 | | |
$ | 748 | | |
$ | 3,262 | | |
$ | 173 | | |
$ | 277 | | |
$ | 565 | | |
$ | 5,793 | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued. The Company has divided the loan portfolio into six portfolio segments, each with different risk characteristics
and methodologies for assessing risk. All loans are underwritten based upon standards set forth in the policies approved by the Bank’s
Board of Directors. The Company identifies the portfolio segments as follows:
Residential
Real Estate, Multi-Family Real Estate, Commercial Real Estate, Land and Construction. Residential real estate loans are underwritten
based on repayment capacity and source, value of the underlying property, credit history and stability. The Company offers first and
second one-to-four family mortgage loans; the collateral for these loans is generally the clients’ owner-occupied residences. Although
these types of loans present lower levels of risk than commercial real estate loans, risks do still exist because of possible fluctuations
in the value of the real estate collateral securing the loan, as well as changes in the borrowers’ financial condition. Multi-family
and commercial real estate loans are secured by the subject property. Underwriting standards include, among other factors, loan to value
limits, cash flow coverage and general creditworthiness of the obligors. Construction loans to borrowers finance the construction of
owner occupied and leased properties. These loans are categorized as construction loans during the construction period, later converting
to commercial or residential real estate loans after the construction is complete and amortization of the loan begins. Real estate development
and construction loans are approved based on an analysis of the borrower and guarantor, the viability of the project and an acceptable
percentage of the appraised value of the property securing the loan. Real estate development and construction loan funds are disbursed
periodically based on the percentage of construction completed. The Company carefully monitors these loans with on-site inspections and
requires the receipt of lien waivers on funds advanced. Development and construction loans are typically secured by the properties under
development or construction, and personal guarantees are typically obtained. Further, to assure that reliance is not placed solely on
the value of the underlying property, the Company considers the market conditions and feasibility of proposed projects, the financial
condition and reputation of the borrower and guarantors, the amount of the borrower’s equity in the project, independent appraisals,
cost estimates and pre-construction sales information. The Company also makes loans on occasion for the purchase of land for future development
by the borrower. Land loans are extended for future development for either commercial or residential use by the borrower. The Company
carefully analyzes the intended use of the property and the viability thereof.
Commercial.
Commercial business loans and lines of credit consist of loans to small- and medium-sized companies. Commercial loans are generally used for working capital purposes or for acquiring equipment, inventory or furniture. Primarily
all of the Company’s commercial loans are secured loans, along with a small amount of unsecured loans. The Company’s underwriting
analysis consists of a review of the financial statements of the borrower, the lending history of the borrower, the debt service capabilities
of the borrower, the projected cash flows of the business, the value of the collateral, if any, and whether the loan is guaranteed by
the principals of the borrower. These loans are generally secured by accounts receivable, inventory and equipment. Commercial loans are
typically made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business, which
makes them of higher risk than residential loans and the collateral securing loans may be difficult to appraise and may fluctuate in
value based on the success of the business. The Company mitigates these risks through its underwriting standards.
Consumer.
Consumer loans are extended for various purposes, including purchases of automobiles, recreational vehicles, and boats. Also
offered are home improvement loans, lines of credit, personal loans, and deposit account collateralized loans. Repayment of these loans
is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such
as unemployment levels. Loans to consumers are extended after a credit evaluation, including the creditworthiness of the borrower(s),
the purpose of the credit, and the secondary source of repayment. Consumer loans are made at fixed and variable interest rates. Risk
is mitigated by the fact that the loans are of smaller individual amounts.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued. The following summarizes the loan credit quality (in thousands):
Schedule of Loans by Credit Quality
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
Pass | | |
OLEM
(Other
Loans Especially
Mentioned) | | |
Sub-
Standard | | |
Doubtful | | |
Loss | | |
Total | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
$ | 50,354 | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 50,354 | |
Multi-family real estate | |
| 69,555 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 69,555 | |
Commercial real estate | |
| 309,458 | | |
| — | | |
| 1,237 | | |
| — | | |
| — | | |
| 310,695 | |
Land and construction | |
| 17,286 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 17,286 | |
Commercial | |
| 5,165 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 5,165 | |
Consumer | |
| 30,323 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 30,323 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 482,141 | | |
$ | — | | |
$ | 1,237 | | |
$ | — | | |
$ | — | | |
$ | 483,378 | |
Internally
assigned loan grades are defined as follows:
|
Pass
– a Pass loan’s primary source of loan repayment is satisfactory, with secondary sources very likely to be realized if
necessary. These are loans that conform in all aspects to bank policy and regulatory requirements, and no repayment risk has been
identified. |
|
|
|
OLEM
– an Other Loan Especially Mentioned has potential weaknesses that deserve management’s close attention. If left uncorrected,
these potential weaknesses may result in the deterioration of the repayment prospects for the asset or the Company’s credit
position at some future date. |
|
|
|
Substandard
– a Substandard loan is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral
pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.
Included in this category are loans that are current on their payments, but the Bank is unable to document the source of repayment.
They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. |
|
|
|
Doubtful
– a loan classified as Doubtful has all the weaknesses inherent in one classified as Substandard, with the added characteristics
that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly
questionable and improbable. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather
it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected
in the future. The Company charges off any loan classified as Doubtful. |
|
|
|
Loss
– a loan classified Loss is considered uncollectible and of such little value that continuance as a bankable asset is not warranted.
This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable
to defer writing off this basically worthless asset even though partial recovery may be effected in the future. The Company fully
charges off any loan classified as loss. |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued. Age analysis of past-due loans is as follows (in thousands):
Schedule of Age Analysis of
Past-due Loans
| |
Accruing Loans | | |
| | |
| |
| |
30-59 Days Past Due | | |
60-89 Days Past Due | | |
Greater Than 90 Days Past Past | | |
Total Past Due | | |
Current | | |
Nonaccrual Loans | | |
Total Loans | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 60,273 | | |
$ | — | | |
$ | 60,273 | |
Multi-family real estate | |
| 1,259 | | |
| — | | |
| — | | |
| 1,259 | | |
| 68,259 | | |
| — | | |
| 69,518 | |
Commercial real estate | |
| — | | |
| — | | |
| — | | |
| — | | |
| 321,814 | | |
| — | | |
| 321,814 | |
Land and construction | |
| — | | |
| — | | |
| — | | |
| — | | |
| 27,019 | | |
| — | | |
| 27,019 | |
Commercial | |
| — | | |
| — | | |
| — | | |
| — | | |
| 6,950 | | |
| — | | |
| 6,950 | |
Consumer | |
| 347 | | |
| 158 | | |
| — | | |
| 505 | | |
| 40,181 | | |
| — | | |
| 40,686 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 1,606 | | |
$ | 158 | | |
$ | — | | |
$ | 1,764 | | |
$ | 524,496 | | |
$ | — | | |
$ | 526,260 | |
| |
Accruing Loans | | |
| | |
| |
| |
30-59 Days Past Due | | |
60-89 Days Past Due | | |
Greater Than 90 Days Past Due | | |
Total Past Due | | |
Current | | |
Nonaccrual Loans | | |
Total Loans | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 50,354 | | |
$ | — | | |
$ | 50,354 | |
Multi-family real estate | |
| — | | |
| — | | |
| — | | |
| — | | |
| 69,555 | | |
| — | | |
| 69,555 | |
Commercial real estate | |
| — | | |
| — | | |
| — | | |
| — | | |
| 310,695 | | |
| — | | |
| 310,695 | |
Land and construction | |
| — | | |
| — | | |
| — | | |
| — | | |
| 17,286 | | |
| — | | |
| 17,286 | |
Commercial | |
| — | | |
| — | | |
| — | | |
| — | | |
| 5,165 | | |
| — | | |
| 5,165 | |
Consumer | |
| 150 | | |
| 27 | | |
| — | | |
| 177 | | |
| 30,146 | | |
| — | | |
| 30,323 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 150 | | |
$ | 27 | | |
$ | — | | |
$ | 177 | | |
$ | 483,201 | | |
$ | — | | |
$ | 483,378 | |
|
The
Company has not made any modifications of loans to borrowers experiencing financial difficulties during the six months ended June
30, 2023. |
|
|
|
No
loans have been determined to be troubled debt restructurings (TDR’s) during the six-month period ended June 30, 2022. At June
30, 2023 and 2022, there were no loans modified and entered into as TDR’s within the past twelve months, that subsequently
defaulted during the six-month periods ended June 30, 2022. |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued.
Term
Loans
Amortized
Cost Basis by Origination Year
Schedule
of Amortized Cost Basis
| |
Term Loans
Amortized Cost Basis by Origination Year | | |
Revolving Loans
(Amortized | | |
Revolving Loans Converted to Term Loans (Amortized | | |
| |
land and construction | |
June
30, 2023 | | |
2022 | | |
2021 | | |
2020 | | |
2019 | | |
Prior | | |
Cost
Basis) | | |
Cost
Basis) | | |
Total | |
Pass | |
$ | 6,406 | | |
$ | 15,136 | | |
$ | 2,324 | | |
$ | 1,509 | | |
$ | 1,644 | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 27,019 | |
OLEM (Other Loans Especially Mentioned) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Substandard | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Doubtful | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Loss | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Subtotal loans | |
$ | 6,406 | | |
$ | 15,136 | | |
$ | 2,324 | | |
$ | 1,509 | | |
$ | 1,644 | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 27,019 | |
Current period Gross charge-offs | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
Residential real estate | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 7,350 | | |
$ | 26,567 | | |
$ | 9,853 | | |
$ | 6,686 | | |
$ | 4,097 | | |
$ | 3,286 | | |
$ | 2,434 | | |
$ | - | | |
$ | 60,273 | |
OLEM (Other Loans Especially Mentioned) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Substandard | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Doubtful | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Loss | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Subtotal loans | |
$ | 7,350 | | |
$ | 26,567 | | |
$ | 9,853 | | |
$ | 6,686 | | |
$ | 4,097 | | |
$ | 3,286 | | |
$ | 2,434 | | |
$ | - | | |
$ | 60,273 | |
Current period Gross charge-offs | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued.
Term
Loans
Amortized
Cost Basis by Origination Year
| |
Term Loans
Amortized Cost Basis by Origination Year | | |
Revolving
Loans
(Amortized | | |
Revolving Loans Converted to Term
Loans (Amortized | | |
| |
Multi-family
real estate | |
June
30, 2023 | | |
2022 | | |
2021 | | |
2020 | | |
2019 | | |
Prior | | |
Cost
Basis) | | |
Cost
Basis) | | |
Total | |
Pass |
|
$ |
998 |
|
|
$ |
29,396 |
|
|
$ |
29,570 |
|
|
$ |
6,185 |
|
|
$ |
2,090 |
|
|
$ |
1,279 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
69,518 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
998 |
|
|
$ |
29,396 |
|
|
$ |
29,570 |
|
|
$ |
6,185 |
|
|
$ |
2,090 |
|
|
$ |
1,279 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
69,518 |
|
Current
period Gross charge-offs |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Commercial
real estate (CRE) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
20,590 |
|
|
$ |
199,769 |
|
|
$ |
55,017 |
|
|
$ |
16,183 |
|
|
$ |
12,815 |
|
|
$ |
16,218 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
320,592 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,222 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,222 |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
20,590 |
|
|
$ |
199,769 |
|
|
$ |
55,017 |
|
|
$ |
16,183 |
|
|
$ |
14,037 |
|
|
$ |
16,218 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
321,814 |
|
Current
period Gross charge-offs |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
4,044 |
|
|
$ |
1,401 |
|
|
$ |
1,363 |
|
|
$ |
85 |
|
|
$ |
57 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,950 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
4,044 |
|
|
$ |
1,401 |
|
|
$ |
1,363 |
|
|
$ |
85 |
|
|
$ |
57 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,950 |
|
Current
period Gross charge-offs |
|
$ |
(16 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(26 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(42 |
) |
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
8,798 |
|
|
$ |
9,359 |
|
|
$ |
5,612 |
|
|
$ |
250 |
|
|
$ |
198 |
|
|
$ |
- |
|
|
$ |
16,469 |
|
|
$ |
- |
|
|
$ |
40,686 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
8,798 |
|
|
$ |
9,359 |
|
|
$ |
5,612 |
|
|
$ |
250 |
|
|
$ |
198 |
|
|
$ |
- |
|
|
$ |
16,469 |
|
|
$ |
- |
|
|
$ |
40,686 |
|
Current
period Gross charge-offs |
|
$ |
(30 |
) |
|
$ |
(505 |
) |
|
$ |
(266 |
) |
|
$ |
(3 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(804 |
) |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|
X |
- DefinitionThe entire disclosure for financing receivable.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-42
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481933/310-10-55-12A
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 44 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-44
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-20/tableOfContent
+ Details
Name: |
us-gaap_FinancingReceivablesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_ReceivablesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Earnings Per Share
|
6 Months Ended |
Jun. 30, 2023 |
Earnings Per Share [Abstract] |
|
Earnings Per Share |
(4)
Earnings Per Share. Basic earnings per share have been computed on the basis of the weighted-average number of shares of common
stock outstanding during the periods. During the three- and six-months periods ended June 30, 2023 and 2022, basic and diluted earnings
per share is the same as there were no outstanding potentially dilutive securities. Earnings per common share have been computed based
on the following:
Schedule
of Basic and Diluted Loss Per Share
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| |
Three Months Ended | | |
Six Months Ended | |
| |
June 30, | | |
June 30, | |
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
Weighted-average number of common shares outstanding used to calculate basic and diluted earnings per common share | |
$ | 7,250,219 | | |
$ | 6,007,484 | | |
$ | 7,226,953 | | |
$ | 5,455,406 | |
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerShareAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for earnings per share.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3
+ Details
Name: |
us-gaap_EarningsPerShareTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Stock-Based Compensation
|
6 Months Ended |
Jun. 30, 2023 |
Share-Based Payment Arrangement [Abstract] |
|
Stock-Based Compensation |
(5)
Stock-Based Compensation
The Company is authorized to grant stock options, stock grants and other
forms of equity-based compensation under its 2018 Equity Incentive Plan (the “2018 Plan”). The plan has been approved by the
shareholders. The Company is currently authorized to issue up to 1,050,000 shares of common stock under the 2018 Plan, due to an amendment
to increase the number of authorized shares from 500,000 to 1,050,000 that was approved by shareholders in June 2023. At June 30, 2023,
539,320 shares remain available for grant.
During the six-month period ended June 30, 2023, the Company issued 66,479
shares to a director for services performed and recorded compensation expense of $274,000.
During the six-month period ended June 30, 2023, the Company issued 52,622
shares to employees for services performed and recorded compensation expense of $216,000.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|
X |
- DefinitionThe entire disclosure for share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//718/tableOfContent
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Fair Value Measurements
|
6 Months Ended |
Jun. 30, 2023 |
Fair Value Disclosures [Abstract] |
|
Fair Value Measurements |
(6)
Fair Value Measurements.
Debt
securities available for sale measured at fair value on a recurring basis are summarized below (in thousands):
Schedule of Debt Securities Available-for-sale Measured at Fair Value on Recurring Basis
| |
| | |
| | |
| | |
| |
| |
| | |
Fair Value Measurements Using | |
| |
Fair Value | | |
Quoted Prices In Active Markets for Identical Assets (Level 1) | | |
Significant Other Observable Inputs (Level 2) | | |
Significant Unobservable Inputs (Level 3) | |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 759 | | |
$ | — | | |
$ | 759 | | |
| — | |
Collateralized mortgage obligations | |
| 124 | | |
| — | | |
| 124 | | |
| — | |
Taxable municipal securities | |
| 12,011 | | |
| — | | |
| 12,011 | | |
| — | |
Mortgage-backed securities | |
| 11,868 | | |
| — | | |
| 11,868 | | |
| — | |
Total | |
$ | 24,762 | | |
| — | | |
$ | 24,762 | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 817 | | |
$ | — | | |
$ | 817 | | |
| — | |
Collateralized mortgage obligations | |
| 130 | | |
| — | | |
| 130 | | |
| — | |
Taxable municipal securities | |
| 11,620 | | |
| — | | |
| 11,620 | | |
| — | |
Mortgage-backed securities | |
| 12,535 | | |
| — | | |
| 12,535 | | |
| — | |
Total | |
$ | 25,102 | | |
| — | | |
$ | 25,102 | | |
| — | |
|
X |
- References
+ Details
Name: |
us-gaap_FairValueDisclosuresAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_FairValueDisclosuresTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Fair Value of Financial Instruments
|
6 Months Ended |
Jun. 30, 2023 |
Investments, All Other Investments [Abstract] |
|
Fair Value of Financial Instruments |
(7)
Fair Value of Financial Instruments. The estimated fair values and fair value measurement method with respect to the Company’s
financial instruments were as follows (in thousands):
Schedule of Estimated Fair Value of Financial Instruments
| |
At June 30, 2023 | | |
At December 31, 2022 | |
| |
Carrying Amount | | |
Fair Value | | |
Level | | |
Carrying Amount | | |
Fair Value | | |
Level | |
| |
| | |
| | |
| | |
| | |
| | |
| |
Financial assets: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Cash and cash equivalents | |
$ | 78,373 | | |
$ | 78,373 | | |
| 1 | | |
$ | 71,836 | | |
$ | 71,836 | | |
| 1 | |
Debt securities available for sale | |
| 24,762 | | |
| 24,762 | | |
| 2 | | |
| 25,102 | | |
| 25,102 | | |
| 2 | |
Debt securities held-to-maturity | |
| 445 | | |
| 406 | | |
| 2 | | |
| 540 | | |
| 504 | | |
| 2 | |
Loans | |
| 518,829 | | |
| 512,031 | | |
| 3 | | |
| 477,218 | | |
| 476,566 | | |
| 3 | |
Federal Home Loan Bank stock | |
| 717 | | |
| 717 | | |
| 3 | | |
| 600 | | |
| 600 | | |
| 3 | |
Accrued interest receivable | |
| 1,559 | | |
| 1,559 | | |
| 3 | | |
| 1,444 | | |
| 1,444 | | |
| 3 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Financial liabilities: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Deposit liabilities | |
| 551,631 | | |
| 556,017 | | |
| 3 | | |
| 507,899 | | |
| 512,357 | | |
| 3 | |
Federal Home Loan Bank advances | |
| 10,000 | | |
| 9,456 | | |
| 3 | | |
| 10,000 | | |
| 9,450 | | |
| 3 | |
Off-balance sheet financial instruments | |
| — | | |
| — | | |
| 3 | | |
| — | | |
| — | | |
| 3 | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|
X |
- DefinitionThe entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures.
+ References
+ Details
Name: |
us-gaap_FinancialInstrumentsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_InvestmentsAllOtherInvestmentsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Off- Balance Sheet Financial Instruments
|
6 Months Ended |
Jun. 30, 2023 |
Off- Balance Sheet Financial Instruments |
|
Off- Balance Sheet Financial Instruments |
(8)
Off- Balance Sheet Financial Instruments. The Company is party to financial instruments with off-balance-sheet risk in the
normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit,
unused lines of credit, and standby letters of credit and may involve, to varying degrees, elements of credit and interest-rate risk
in excess of the amount recognized in the condensed consolidated balance sheet. The contract amounts of these instruments reflect the
extent of involvement the Company has in these financial instruments.
The
Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments
to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments
as it does for on-balance-sheet instruments.
Commitments
to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract.
Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because some of the
commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.
The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary
by the Company, upon extension of credit, is based on management’s credit evaluation of the counterparty.
Standby
letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit
risk involved in issuing letters of credit to customers is essentially the same as that involved in extending loan facilities to customers.
The Bank generally holds collateral supporting those commitments. Standby letters of credit generally have expiration dates within one
year.
Commitments
to extend credit, unused lines of credit, and standby letters of credit typically result in loans with a market interest rate when funded.
A summary of the contractual amounts of the Company’s financial instruments with off-balance-sheet risk at June 30, 2023 follows
(in thousands):
Schedule of Off-Balance Sheet Risks of Financial Instruments
| |
| | |
Commitments to extend credit | |
$ | 32,184 | |
| |
| | |
Unused lines of credit | |
$ | 56,272 | |
| |
| | |
Standby letters of credit | |
$ | 4,313 | |
|
X |
- References
+ Details
Name: |
OPHC_DisclosureOffBalanceSheetFinancialInstrumentsAbstract |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionOff balance sheet financial instruments [Text Block]
+ References
+ Details
Name: |
OPHC_OffBalanceSheetFinancialInstrumentsTextBlock |
Namespace Prefix: |
OPHC_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Regulatory Matters
|
6 Months Ended |
Jun. 30, 2023 |
Regulatory Matters |
(9)
Regulatory Matters. The Bank is subject to various regulatory capital requirements administered by the bank regulatory agencies.
Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators
that, if undertaken, could have a direct material effect on the Company and Bank’s financial statements. Under capital adequacy
guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative
measures of its assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital
amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(9)
Regulatory Matters, Continued.
As of June 30, 2023 and December 31, 2022, the Bank meets all capital adequacy requirements to which it is subject. The
Bank’s actual capital amounts and percentages are presented in the table ($ in thousands):
Schedule of Capital Amounts, Ratios and Regulatory Thresholds
| |
Actual | | |
To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework) | |
| |
Amount | | |
% | | |
Amount | | |
% | |
As of June 30, 2023: | |
| | |
| | |
| | |
| |
Tier 1 Capital to Total Assets | |
| 69,234 | | |
| 11.20 | % | |
| 55,616 | | |
| 9.00 | % |
| |
| | | |
| | | |
| | | |
| | |
As of December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
Tier 1 Capital to Total Assets | |
| 66,291 | | |
| 11.29 | % | |
| 52,865 | | |
| 9.00 | % |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|
X |
- DefinitionThe entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1D
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1F
+ Details
Name: |
us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Series B Preferred Stock
|
6 Months Ended |
Jun. 30, 2023 |
Equity [Abstract] |
|
Series B Preferred Stock |
(10)
Series B Preferred Stock
Except in the event of liquidation,
if the Company declares or pays a dividend or distribution on the common stock, the Company shall simultaneously declare and pay a
dividend on the Series B Preferred Stock on a pro rata basis with the common stock determined on an as-converted basis assuming all
shares of Series B Preferred Stock had been converted immediately prior to the record date of the applicable dividend. As of June
30, 2023 the Series B Preferred Stock is convertible into 11,113,889 shares
of common stock, at the option of the Company, subject to the prior fulfilment of the following conditions: (i) such conversion
shall have been approved by the holders of a majority of the outstanding common stock of the Company; and (ii) such conversion must
not result in any holder of the Series B Preferred Stock and any persons with whom the holder may be acting in concert, becoming the
beneficial owners of more than 9.9% of the outstanding shares of the Company’s common stock, unless the issuance, shall have
been approved by all banking regulatory authorities whose approval is required for the acquisition of such shares. The number of
shares issuable upon conversion is subject to adjustment based on the terms of the Series B Preferred Stock. The Series B Preferred
has preferential liquidation rights over common stockholders. The liquidation price is the greater of $25,000 per
share of Series B Preferred or such amount per share of Series B Preferred that would have been payable had all shares of the Series
B Preferred had been converted into common stock pursuant to the terms of the Series B Preferred Stock’s Certificate of
Designation immediately prior to a liquidation. The Series B Preferred generally has no voting rights except as provided in the
Certificate of Designation.
The
Series B Preferred Stock are subdivided into three categories. The Company is authorized to issue 760 shares of Series B-1; 260 shares
of Series B-2; and 500 shares of Series B-3.
Each series has substantially the same rights, preferences, powers, restrictions and limitations, except that the initial conversion price of
the Series B-1 is $2.50 per share; the initial conversion price for Series B-2 is $4.00 per share, and the initial conversion price for
Series B-3 is $4.50 per share.
During
the Annual Meeting of Shareholders held on June 27, 2023, the Company’s shareholders approved the issuance of up to 11,113,889
shares of common stock upon conversion of the Series B preferred stock previously issued by the Company.
|
X |
- References
+ Details
Name: |
us-gaap_EquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for terms, amounts, nature of changes, rights and privileges, dividends, and other matters related to preferred stock.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505/tableOfContent
+ Details
Name: |
us-gaap_PreferredStockTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Contingencies
|
6 Months Ended |
Jun. 30, 2023 |
Commitments and Contingencies Disclosure [Abstract] |
|
Contingencies |
(11)
Contingencies. Various claims arise from time to time in the normal course of business. In the opinion of management, none
have occurred that will have a material effect on the Company’s condensed consolidated financial statements.
During
the three-months ended June 30, 2023 the Company incurred a one-time expense relate to the settlement of a foreclosure litigation in
the amount of $375,000.
|
X |
- References
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for commitments and contingencies.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482648/440-10-50-4
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//450/tableOfContent
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 954 -SubTopic 440 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480327/954-440-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482648/440-10-50-4
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 440 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//440/tableOfContent
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
General (Policies)
|
6 Months Ended |
Jun. 30, 2023 |
Accounting Policies [Abstract] |
|
Basis of Presentation |
Basis
of Presentation. In the opinion of management, the accompanying condensed consolidated financial statements of the Company
contain all adjustments (consisting principally of normal recurring accruals) necessary to present fairly the financial position at
June 30, 2023, and the results of operations and cash flows for the three and six month periods ended June 30, 2023 and 2022. All
significant intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three
and six months ended June 30, 2023, are not necessarily indicative of the results to be expected for the full year.
|
Comprehensive Income (Loss) |
Comprehensive
Income (Loss). Generally Accepted Accounting Principles generally require that recognized revenue, expenses, gains and losses
be included in net earnings. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale
debt securities, are reported as a separate component of the equity section of the condensed consolidated balance sheets, such items
along with net earnings, are components of comprehensive income (loss).
Accumulated
other comprehensive loss consists of the following (in thousands):
Schedule
of Accumulated Other Comprehensive Loss
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
| |
| | |
| |
Unrealized loss on debt securities available for sale | |
$ | (7,452 | ) | |
$ | (7,786 | ) |
Unamortized portion of unrealized loss related to debt securities available for sale transferred to securities held-to-maturity | |
| (16 | ) | |
| (18 | ) |
Income tax benefit | |
| 1,893 | | |
| 1,978 | |
| |
| | | |
| | |
Accumulated other comprehensive loss | |
$ | (5,575 | ) | |
$ | (5,826 | ) |
|
Reclassifications |
Reclassifications.
Certain amounts have been reclassified to allow for consistent presentation for the periods presented.
|
Adoption of New Accounting Standards |
Adoption
of New Accounting Standards. The Company adopted Accounting Standards Update 2016-13, Financial Instruments – Credit
Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and the related amendments (collectively, Accounting Standards
Codification 326), effective January 1, 2023. The guidance replaces the incurred loss methodology with an expected loss methodology that
is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under
the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt
securities. It also applies to certain off-balance sheet credit exposures not accounted for as insurance, including loan commitments,
standby letters of credits, financial guarantees, and other similar instruments. In addition, Accounting Standards Codification 326 (“ASC
326”) made changes to the accounting for debt securities available for sale. One such change is to require credit losses to be
presented as an allowance rather than as a write-down on debt securities available for sale that management does not intend to sell or
believes that it is more likely than not, they will not be required to sell. ASC 326 also changed the accounting for purchased financial
assets with credit deterioration.
The
Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet
credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts
continue to be reported in accordance with previously applicable GAAP. The adoption of CECL resulted in the recognition of $219,000 allowance
for credit losses, $23,000 of liability for unfunded commitments, a deferred income tax asset of $61,000 and a reduction in retained
earnings of $181,000. With this transition method, the Company did not have to restate comparative prior periods presented in the consolidated
financial statements related to ASC 326 but will present comparative prior periods disclosures using the previous accounting guidance
for the allowance for loan losses. The Company adopted ASC 326 using the prospective transition approach for debt securities available
for sale. As of January 1, 2023, the Company did not have any allowance for credit losses on debt securities.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|
Allowance for Credit Losses (“ACL”) |
Allowance
for Credit Losses (“ACL”). The following is a summary of the Company’s significant accounting policies with
respect to ASC 326:
ACL
- Debt Securities Available for Sale. Management uses a systematic methodology to determine its ACL for debt securities available
for sale. Each quarter management evaluates impairment where there has been a decline in fair value below the amortized cost basis to
determine whether there is a credit loss associated with the decline in fair value. The Company first assesses whether it intends to
sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either
one of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair
value through income. For debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in
fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which the
fair value is less than the amortized cost basis, among various other factors, including the nature of the collateral, potential future
changes in collateral values, default rates, delinquency rates, third-party guarantees, credit ratings, interest rate changes since purchase,
volatility of the security’s fair value and historical loss information for financial assets secured with similar collateral among
other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from
the security are compared to the amortized cost basis. If the present value of cash flows expected to be collected is less than the amortized
cost basis, an ACL is recorded, which is limited by the amount that the fair value is less than the amortized cost basis. Credit losses
are calculated individually, rather than collectively. Any impairment that has not been recorded through an ACL is recognized in other
comprehensive loss.
Changes
in the ACL are recorded as credit loss expense (reversal). Losses are charged against the ACL when management believes the collectability
of the debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met.
Management
excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on the debt securities
available for sale and does not record an ACL on accrued interest receivable. As of June 30, 2023, the accrued interest receivable for
debt securities available for sale recognized in accrued interest receivable was $169,000.
ACL
– Debt Securities Held to Maturity. The Company measures expected credit losses on debt securities held to maturity on
a collective basis by major security type. U.S. Government agency securities, Mortgage-backed securities and collateralized mortgage
obligations are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have
a long history of no credit losses. Taxable municipal securities are highly rated by major credit agencies.
ACL
- Loans. The ACL reflects management’s estimate of losses that will result from the inability of our borrowers to make
required loan payments. The Company records loans charged-off against the ACL when management believes the uncollectability of a loan
balance is confirmed and subsequent recoveries, if any, increase the ACL when they are recognized.
Management
uses systematic methodologies to determine its ACL for loans and certain off- balance sheet credit exposures. The ACL is a valuation
account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. Management
estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions,
and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of the expected credit
losses. Adjustments to historical loss information are made for the differences in current loan-specific risk characteristics such as
differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in environmental conditions, such
as changes in unemployment rates, property values, or other relevant factors.
The
Company’s estimate of its ACL involves a high degree of judgment; therefore, management’s process for determining expected
credit losses may result in a range of expected credit losses.
The
Company’s ACL recorded in the balance sheet reflects management’s best estimate of expected credit losses. The Company recognizes
in earnings the amount needed to adjust the ACL for management’s current estimate of expected credit losses. The Company’s
ACL is calculated using collectively evaluated and individually evaluated loans.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
The
ACL is measured on a collective pool basis when similar risk characteristics exist. Loans with similar risk characteristics are grouped
into homogenous segments for analysis. The Company’s ACL is measured based on FDIC call report codes as these types of loans exhibit
similar risk characteristics. The loan portfolio is further segmented by loan product type, collateral codes, occupancy codes, property
code or lien position and are representative of the manner in which the Company lends.
The
ACL for each segment is measured through the use of the average charge-off method. In accordance with the average charge-off method,
an annual loss rate is applied to the amortized cost of an asset or pool of assets over the remaining expected life. The annual loss
rate consists of historical and forecasted loss components. The forecasted component is applied using loss rates from historical periods
that management believes are representative of economic conditions over a full economic cycle. For certain loan segments with limited
credit loss histories, management determined the loss experience of peer banks provides the best basis for its assessment of expected
credit losses. Other loan segments with more established loss histories utilize historical loss experience of the Company. Management
determined that the appropriate historical loss period will begin in the first quarter of 2001 and continue through the most recent quarter,
which represents a full peak to peak economic cycle. Additionally, management has determined that the Company’s reasonable and
supportable forecast period is one year.
Included
in its systematic methodology to determine its ACL, management considers the need to qualitatively adjust model results for risk factors
that are not considered within the Company’s loss estimation process but are nonetheless relevant in assessing the expected credit
losses within our loan pools.
These
qualitative factors (“Q-Factors”) may increase or decrease management’s estimate of expected credit losses by a calculated
percentage based upon the estimated level of risk. The various risks that may be considered in making Q-Factor adjustments include, among
other things, the impact of 1) changes in lending policies and procedures, including changes in underwriting standards; 2) changes in
international, national, regional and local economic conditions; 3) changes in the volume and severity of past due and nonaccrual status;
4) the effect of any concentrations of credit and changes in the levels of such concentrations; 5) changes in the experience, depth,
and ability of lending management; 6) changes in nature and volume of the portfolio; 7) trends in underlying collateral values; 8) changes
in the quality of the loan review system and 9) the effect of other external factors (i.e., competition, legal and regulatory requirements)
on the level of estimated credit losses.
The
annual loss rates, as defined above, adjusted for Q-Factors, are applied to the amortized loan balances over each subsequent period and
aggregated to arrive at the General ACL. The amortized loan balances are adjusted based on management’s estimate of loan repayments
in future periods.
When
a loan no longer shares similar risk characteristics with its segment, the asset is assessed to determine whether it should be included
in another segment or should be individually evaluated. Under ASC 326, the Company has adopted the collateral maintenance practical expedient
to measure the ACL based on the fair value of collateral. Collateral dependent loans are loans for which the repayment is expected to
be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. These
loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining ACL. A Specific
ACL is calculated on an individual loan basis based on the shortfall between the fair value of the loan’s collateral, which is
adjusted for selling costs, and amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance is required.
Financial assets that have been individually evaluated can be returned to a pool for purposes of estimating the expected credit loss
to the extent their credit profile improves and that the repayment terms were not considered to be unique to the asset.
Management
measures expected credit losses over the contractual term of a loan. The contractual term excludes expected extensions, renewals, and
modifications unless either of the following applies:
|
●
|
Management
has a reasonable expectation at the reporting date that a loan modification will be executed with an individual borrower. |
|
|
|
|
● |
The
extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally
cancellable by the Company. |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
The
Company follows its nonaccrual policy by reversing contractual interest income in the consolidated statements of income when the Company
places a loan on nonaccrual status. Therefore, management excludes the accrued interest receivable balance from the amortized cost basis
in measuring expected credit losses on the portfolio and does not record an ACL on accrued interest receivable. As of June 30, 2023,
the accrued interest receivable for loans was $1,377,000.
Also,
various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for
credit losses. Such agencies may require the Company to recognize additions to the allowance for credit losses based on their judgments
of information available to them at the time of their examination.
Prior
to the adoption of ASC 326, the allowance for loan losses represented management’s best estimate of inherent losses that had been
incurred within the existing portfolio of loans. The allowance for loan losses included allowance allocations calculated in accordance
with ASC 310, “Receivables” and allowance allocations calculated in accordance with ASC 450, “Contingencies.”
ACL
- Off -Balance Sheet Credit Exposures. The Company has a variety of assets that have a component that qualifies as an off-balance
sheet exposure. These primarily include commitments to extend credit, standby letters of credit, and unfunded commitments under revolving
lines of credit. The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk
via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. Management has determined
that a majority of the Company’s off-balance-sheet credit exposures are not unconditionally cancellable.
The
estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected
to be funded over their expected lives. Management used its judgement to determinate funding rates. Management applied the funding rates,
along with the loss factor rate determined for each pooled loan segment, to unfunded loan commitments, excluding unconditionally cancellable
exposures and letters of credit, to arrive at the reserve for unfunded loan commitments.
As
of June 30, 2023, the liability recorded for expected credit losses on unfunded commitments was $236,000 and is included in “other
liabilities” on the accompanying condensed consolidated balance sheets. The current adjustment to the ACL for unfunded commitments
is recognized through credit loss expense in the condensed consolidated statements of earnings.
|
X |
- DefinitionAllowance For Credit Losses [Policy Text Block]
+ References
+ Details
Name: |
OPHC_AllowanceForCreditLossesPolicyTextBlock |
Namespace Prefix: |
OPHC_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
+ Details
Name: |
us-gaap_BasisOfAccountingPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for comprehensive income.
+ References
+ Details
Name: |
us-gaap_ComprehensiveIncomePolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
+ Details
Name: |
us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for reclassification affecting comparability of financial statement. Excludes amendment to accounting standards, other change in accounting principle, and correction of error.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483504/205-10-50-1
+ Details
Name: |
us-gaap_PriorPeriodReclassificationAdjustmentDescription |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
General (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Accounting Policies [Abstract] |
|
Schedule of Accumulated Other Comprehensive Loss |
Accumulated
other comprehensive loss consists of the following (in thousands):
Schedule
of Accumulated Other Comprehensive Loss
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
| |
| | |
| |
Unrealized loss on debt securities available for sale | |
$ | (7,452 | ) | |
$ | (7,786 | ) |
Unamortized portion of unrealized loss related to debt securities available for sale transferred to securities held-to-maturity | |
| (16 | ) | |
| (18 | ) |
Income tax benefit | |
| 1,893 | | |
| 1,978 | |
| |
| | | |
| | |
Accumulated other comprehensive loss | |
$ | (5,575 | ) | |
$ | (5,826 | ) |
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the components of accumulated other comprehensive income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
+ Details
Name: |
us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Debt Securities (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Debt Securities |
|
Schedule of Amortized Cost and Approximate Fair Values of Debt Securities |
Schedule
of Amortized Cost and Approximate Fair Values of Debt Securities
| |
| | |
Gross | | |
Gross | | |
| |
| |
Amortized | | |
Unrealized | | |
Unrealized | | |
Fair | |
| |
Cost | | |
Gains | | |
Losses | | |
Value | |
| |
| | |
| | |
| | |
| |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | |
Available for sale: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 775 | | |
$ | 1 | | |
$ | (17 | ) | |
$ | 759 | |
Collateralized mortgage obligations | |
| 139 | | |
| — | | |
| (15 | ) | |
| 124 | |
Taxable municipal securities | |
| 16,710 | | |
| — | | |
| (4,699 | ) | |
| 12,011 | |
Mortgage-backed securities | |
| 14,589 | | |
| — | | |
| (2,721 | ) | |
| 11,868 | |
Total | |
$ | 32,213 | | |
$ | 1 | | |
$ | (7,452 | ) | |
$ | 24,762 | |
| |
| | | |
| | | |
| | | |
| | |
Held-to-maturity: | |
| | | |
| | | |
| | | |
| | |
Collateralized mortgage obligations | |
$ | 415 | | |
$ | — | | |
$ | (39 | ) | |
$ | 376 | |
Mortgage-backed securities | |
| 30 | | |
| — | | |
| — | | |
| 30 | |
Total | |
$ | 445 | | |
$ | — | | |
$ | (39 | ) | |
$ | 406 | |
| |
| | |
Gross | | |
Gross | | |
| |
| |
Amortized | | |
Unrealized | | |
Unrealized | | |
Fair | |
| |
Cost | | |
Gains | | |
Losses | | |
Value | |
| |
| | |
| | |
| | |
| |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
Available for sale: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 834 | | |
$ | 1 | | |
$ | (18 | ) | |
$ | 817 | |
Collateralized mortgage obligations | |
| 145 | | |
| — | | |
| (15 | ) | |
| 130 | |
Taxable municipal securities | |
| 16,729 | | |
| — | | |
| (5,109 | ) | |
| 11,620 | |
Mortgage-backed securities | |
| 15,180 | | |
| — | | |
| (2,645 | ) | |
| 12,535 | |
Total | |
$ | 32,888 | | |
$ | 1 | | |
$ | (7,787 | ) | |
$ | 25,102 | |
| |
| | | |
| | | |
| | | |
| | |
Held-to-maturity: | |
| | | |
| | | |
| | | |
| | |
Collateralized mortgage obligations | |
$ | 475 | | |
$ | — | | |
$ | (35 | ) | |
$ | 440 | |
Mortgage-backed securities | |
| 65 | | |
| — | | |
| (1 | ) | |
| 64 | |
Total | |
$ | 540 | | |
$ | — | | |
$ | (36 | ) | |
$ | 504 | |
|
Schedule of Debt Securities Available for Sale with Gross Unrealized Losses, by Investment Category |
Debt
Securities available for sale with gross unrealized losses, aggregated by investment category and length of time that individual debt
securities have been in a continuous loss position, is as follows (in thousands):
Schedule
of Debt Securities Available for Sale with Gross Unrealized Losses, by Investment Category
| |
Over Twelve Months | | |
Less Than Twelve Months | |
| |
Gross | | |
| | |
Gross | | |
| |
| |
Unrealized | | |
Fair | | |
Unrealized | | |
Fair | |
| |
Losses | | |
Value | | |
Losses | | |
Value | |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | |
Available for Sale: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 17 | | |
$ | 607 | | |
$ | — | | |
$ | — | |
Collateralized mortgage obligation | |
| 15 | | |
| 124 | | |
| — | | |
| — | |
Taxable municipal securities | |
| 4,699 | | |
| 12,012 | | |
| — | | |
| — | |
Mortgage-backed securities | |
| 2,721 | | |
| 11,868 | | |
| — | | |
| — | |
Total | |
$ | 7,452 | | |
$ | 24,611 | | |
$ | — | | |
$ | — | |
| |
Over Twelve Months | | |
Less Than Twelve Months | |
| |
Gross | | |
| | |
Gross | | |
| |
| |
Unrealized | | |
Fair | | |
Unrealized | | |
Fair | |
| |
Losses | | |
Value | | |
Losses | | |
Value | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
Available for Sale : | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 18 | | |
$ | 657 | | |
$ | — | | |
$ | — | |
Collateralized mortgage obligation | |
| — | | |
| — | | |
| 15 | | |
| 130 | |
Taxable municipal securities | |
| 5,109 | | |
| 11,620 | | |
| — | | |
| — | |
Mortgage-backed securities | |
| 2,621 | | |
| 12,292 | | |
| 24 | | |
| 243 | |
Total | |
$ | 7,748 | | |
$ | 24,569 | | |
$ | 39 | | |
$ | 373 | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(2) | Debt
Securities, Continued. |
At
June 30, 2023 and December 31, 2022, the unrealized losses on forty-two and forty investment debt securities, respectively, were caused by
interest-rate changes.
Management
evaluates debt securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to
determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently
when economic or market concerns warrant such evaluation. Consideration is given to (1) the financial condition and near-term prospects
of the issuer including looking at default and delinquency rates, (2) the outlook for receiving the contractual cash flows of the investments,
(3) the length of time and the extent to which the fair value has been less than cost, (4) the intent and ability to retain its investment
in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value or for a debt security whether it is
more-likely-than-not that the Company will be required to sell the debt security prior to recovering its fair value, (5) the anticipated
outlook for changes in the general level of interest rates, (6) credit ratings, (7) third party guarantees, and (8) collateral values.
In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government
or its agencies, whether downgrades by bond rating agencies have occurred, the results of reviews of the issuer’s financial condition,
and the issuer’s anticipated ability to pay the contractual cash flows of the investments.
The
Company performed an analysis that determined that the mortgage-backed securities, collateralized mortgage obligations, and U.S. government
securities, have a zero expected credit loss as they have the full faith and credit backing of the U.S. government or one of its agencies.
Municipal bonds that do not have a zero expected credit loss are evaluated at least quarterly to determine whether there is a credit
loss associated with a decline in fair value. At June 30, 2023 and December 31, 2022 all municipal securities were rated as investment
grade. All debt securities in an unrealized loss position as of June 30, 2023 continue to perform as scheduled and the Company does not
believe that there is a credit loss or that credit loss expense is necessary. Also, as part of our evaluation of our intent and ability
to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, the Company considers our investment
strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. The Company does not currently intend
to sell the investments within the portfolio, and it is not more-likely-than-not that a sale will be required.
Management
continues to monitor all of our investments with a high degree of scrutiny. There can be no assurance that in a future period, conditions
may exist at that time indicating that some or all of the Company’s securities may be sold that would require a charge to earnings
as credit loss expense in such period.
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|
X |
- References
+ Details
Name: |
OPHC_DisclosureDebtSecuritiesAbstract |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479081/326-30-55-8
Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-6
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-4
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.
+ References
+ Details
Name: |
us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Loans (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Receivables [Abstract] |
|
Schedule of Components of Loans |
Schedule
of Components of Loans
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
| |
| | |
| |
Residential real estate | |
$ | 60,273 | | |
$ | 50,354 | |
Multi-family real estate | |
| 69,518 | | |
| 69,555 | |
Commercial real estate | |
| 321,814 | | |
| 310,695 | |
Land and construction | |
| 27,019 | | |
| 17,286 | |
Commercial | |
| 6,950 | | |
| 5,165 | |
Consumer | |
| 40,686 | | |
| 30,323 | |
| |
| | | |
| | |
Total loans | |
| 526,260 | | |
| 483,378 | |
| |
| | | |
| | |
Deduct: | |
| | | |
| | |
Net deferred loan fees, and costs | |
| (786 | ) | |
| (367 | ) |
Allowance for credit losses | |
| (6,645 | ) | |
| (5,793 | ) |
| |
| | | |
| | |
Loans, net | |
$ | 518,829 | | |
$ | 477,218 | |
|
Schedule of Changes in Allowance for Loan Losses |
An
analysis of the change in the allowance for credit losses follows (in thousands):
Schedule
of Changes in Allowance for Loan Losses
| |
Real Estate | | |
Real Estate | | |
Real Estate | | |
Construction | | |
Commercial | | |
Consumer | | |
Total | |
| |
Residential | | |
Multi-Family | | |
Commercial | | |
Land and | | |
| | |
| | |
| |
| |
Real Estate | | |
Real Estate | | |
Real Estate | | |
Construction | | |
Commercial | | |
Consumer | | |
Total | |
Three Months Ended June 30, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance March 31, 2023 | |
$ | 742 | | |
$ | 1,077 | | |
$ | 3,030 | | |
$ | 533 | | |
$ | 26 | | |
$ | 945 | | |
$ | 6,353 | |
Credit loss expense (income) | |
| 141 | | |
| (40 | ) | |
| (228 | ) | |
| 147 | | |
| 38 | | |
| 487 | | |
| 545 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (16 | ) | |
| (367 | ) | |
| (383 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 87 | | |
| 43 | | |
| 130 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance (June 30, 2023) | |
$ | 883 | | |
$ | 1,037 | | |
$ | 2,802 | | |
$ | 680 | | |
$ | 135 | | |
$ | 1,108 | | |
$ | 6,645 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Three Months Ended June 30, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Beginning balance | |
$ | 575 | | |
$ | 549 | | |
$ | 1,607 | | |
$ | 79 | | |
$ | 68 | | |
$ | 530 | | |
$ | 3,408 | |
(Credit) provision for loan losses | |
| (61 | ) | |
| 70 | | |
| 733 | | |
| (8 | ) | |
| 33 | | |
| 224 | | |
| 991 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (90 | ) | |
| (136 | ) | |
| (226 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 56 | | |
| 14 | | |
| 70 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance (June 30, 2022) | |
$ | 514 | | |
$ | 619 | | |
$ | 2,340 | | |
$ | 71 | | |
$ | 67 | | |
$ | 632 | | |
$ | 4,243 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended June 30, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Beginning balance Dec 31, 2022 | |
$ | 768 | | |
$ | 748 | | |
$ | 3,262 | | |
$ | 173 | | |
$ | 277 | | |
$ | 565 | | |
$ | 5,793 | |
Additional allowance recognized due to adoption of Topic 326 | |
| 33 | | |
| 327 | | |
| (367 | ) | |
| 278 | | |
| (262 | ) | |
| 209 | | |
| 218 | |
Balance January 31, 2023 | |
$ | 801 | | |
$ | 1,075 | | |
$ | 2,895 | | |
$ | 451 | | |
$ | 15 | | |
$ | 774 | | |
$ | 6,011 | |
Credit loss expense (income) | |
| 82 | | |
| (38 | ) | |
| (93 | ) | |
| 229 | | |
| 75 | | |
| 1,056 | | |
| 1,311 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (42 | ) | |
| (804 | ) | |
| (846 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 87 | | |
| 82 | | |
| 169 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance (June 30, 2023) | |
$ | 883 | | |
$ | 1,037 | | |
$ | 2,802 | | |
$ | 680 | | |
$ | 135 | | |
$ | 1,108 | | |
$ | 6,645 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended June 30, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Beginning balance | |
$ | 482 | | |
$ | 535 | | |
$ | 1,535 | | |
$ | 32 | | |
$ | 74 | | |
$ | 417 | | |
$ | 3,075 | |
Provision for loan losses | |
| 32 | | |
| 84 | | |
| 805 | | |
| 39 | | |
| 27 | | |
| 396 | | |
| 1,383 | |
Charge-offs | |
| — | | |
| — | | |
| — | | |
| — | | |
| (90 | ) | |
| (209 | ) | |
| (299 | ) |
Recoveries | |
| — | | |
| — | | |
| — | | |
| — | | |
| 56 | | |
| 28 | | |
| 84 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Ending balance | |
$ | 514 | | |
$ | 619 | | |
$ | 2,340 | | |
$ | 71 | | |
$ | 67 | | |
$ | 632 | | |
$ | 4,243 | |
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued.
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| |
Residential | | |
Multi-Family | | |
Commercial | | |
| | |
| | |
| | |
| |
| |
Real Estate | | |
Real Estate | | |
Real Estate | | |
Land and Construction | | |
Commercial | | |
Consumer | | |
Total | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Individually evaluated for impairment: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Recorded investment | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
Balance in allowance for loan losses | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Collectively evaluated for impairment: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Recorded investment | |
$ | 50,354 | | |
$ | 69,555 | | |
$ | 310,695 | | |
$ | 17,286 | | |
$ | 5,165 | | |
$ | 30,323 | | |
$ | 483,378 | |
Balance in allowance for loan losses | |
$ | 768 | | |
$ | 748 | | |
$ | 3,262 | | |
$ | 173 | | |
$ | 277 | | |
$ | 565 | | |
$ | 5,793 | |
(continued)
|
Schedule of Loans by Credit Quality |
Schedule of Loans by Credit Quality
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
Pass | | |
OLEM
(Other
Loans Especially
Mentioned) | | |
Sub-
Standard | | |
Doubtful | | |
Loss | | |
Total | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
$ | 50,354 | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 50,354 | |
Multi-family real estate | |
| 69,555 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 69,555 | |
Commercial real estate | |
| 309,458 | | |
| — | | |
| 1,237 | | |
| — | | |
| — | | |
| 310,695 | |
Land and construction | |
| 17,286 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 17,286 | |
Commercial | |
| 5,165 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 5,165 | |
Consumer | |
| 30,323 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 30,323 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 482,141 | | |
$ | — | | |
$ | 1,237 | | |
$ | — | | |
$ | — | | |
$ | 483,378 | |
|
Schedule of Age Analysis of Past-due Loans |
Schedule of Age Analysis of
Past-due Loans
| |
Accruing Loans | | |
| | |
| |
| |
30-59 Days Past Due | | |
60-89 Days Past Due | | |
Greater Than 90 Days Past Past | | |
Total Past Due | | |
Current | | |
Nonaccrual Loans | | |
Total Loans | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 60,273 | | |
$ | — | | |
$ | 60,273 | |
Multi-family real estate | |
| 1,259 | | |
| — | | |
| — | | |
| 1,259 | | |
| 68,259 | | |
| — | | |
| 69,518 | |
Commercial real estate | |
| — | | |
| — | | |
| — | | |
| — | | |
| 321,814 | | |
| — | | |
| 321,814 | |
Land and construction | |
| — | | |
| — | | |
| — | | |
| — | | |
| 27,019 | | |
| — | | |
| 27,019 | |
Commercial | |
| — | | |
| — | | |
| — | | |
| — | | |
| 6,950 | | |
| — | | |
| 6,950 | |
Consumer | |
| 347 | | |
| 158 | | |
| — | | |
| 505 | | |
| 40,181 | | |
| — | | |
| 40,686 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 1,606 | | |
$ | 158 | | |
$ | — | | |
$ | 1,764 | | |
$ | 524,496 | | |
$ | — | | |
$ | 526,260 | |
| |
Accruing Loans | | |
| | |
| |
| |
30-59 Days Past Due | | |
60-89 Days Past Due | | |
Greater Than 90 Days Past Due | | |
Total Past Due | | |
Current | | |
Nonaccrual Loans | | |
Total Loans | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 50,354 | | |
$ | — | | |
$ | 50,354 | |
Multi-family real estate | |
| — | | |
| — | | |
| — | | |
| — | | |
| 69,555 | | |
| — | | |
| 69,555 | |
Commercial real estate | |
| — | | |
| — | | |
| — | | |
| — | | |
| 310,695 | | |
| — | | |
| 310,695 | |
Land and construction | |
| — | | |
| — | | |
| — | | |
| — | | |
| 17,286 | | |
| — | | |
| 17,286 | |
Commercial | |
| — | | |
| — | | |
| — | | |
| — | | |
| 5,165 | | |
| — | | |
| 5,165 | |
Consumer | |
| 150 | | |
| 27 | | |
| — | | |
| 177 | | |
| 30,146 | | |
| — | | |
| 30,323 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 150 | | |
$ | 27 | | |
$ | — | | |
$ | 177 | | |
$ | 483,201 | | |
$ | — | | |
$ | 483,378 | |
|
Schedule of Amortized Cost Basis |
Schedule
of Amortized Cost Basis
| |
Term Loans
Amortized Cost Basis by Origination Year | | |
Revolving Loans
(Amortized | | |
Revolving Loans Converted to Term Loans (Amortized | | |
| |
land and construction | |
June
30, 2023 | | |
2022 | | |
2021 | | |
2020 | | |
2019 | | |
Prior | | |
Cost
Basis) | | |
Cost
Basis) | | |
Total | |
Pass | |
$ | 6,406 | | |
$ | 15,136 | | |
$ | 2,324 | | |
$ | 1,509 | | |
$ | 1,644 | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 27,019 | |
OLEM (Other Loans Especially Mentioned) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Substandard | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Doubtful | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Loss | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Subtotal loans | |
$ | 6,406 | | |
$ | 15,136 | | |
$ | 2,324 | | |
$ | 1,509 | | |
$ | 1,644 | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 27,019 | |
Current period Gross charge-offs | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
Residential real estate | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 7,350 | | |
$ | 26,567 | | |
$ | 9,853 | | |
$ | 6,686 | | |
$ | 4,097 | | |
$ | 3,286 | | |
$ | 2,434 | | |
$ | - | | |
$ | 60,273 | |
OLEM (Other Loans Especially Mentioned) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Substandard | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Doubtful | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Loss | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Subtotal loans | |
$ | 7,350 | | |
$ | 26,567 | | |
$ | 9,853 | | |
$ | 6,686 | | |
$ | 4,097 | | |
$ | 3,286 | | |
$ | 2,434 | | |
$ | - | | |
$ | 60,273 | |
Current period Gross charge-offs | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARY
Notes
to Condensed Consolidated Financial Statements (Unaudited)
(3)
Loans, Continued.
Term
Loans
Amortized
Cost Basis by Origination Year
| |
Term Loans
Amortized Cost Basis by Origination Year | | |
Revolving
Loans
(Amortized | | |
Revolving Loans Converted to Term
Loans (Amortized | | |
| |
Multi-family
real estate | |
June
30, 2023 | | |
2022 | | |
2021 | | |
2020 | | |
2019 | | |
Prior | | |
Cost
Basis) | | |
Cost
Basis) | | |
Total | |
Pass |
|
$ |
998 |
|
|
$ |
29,396 |
|
|
$ |
29,570 |
|
|
$ |
6,185 |
|
|
$ |
2,090 |
|
|
$ |
1,279 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
69,518 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
998 |
|
|
$ |
29,396 |
|
|
$ |
29,570 |
|
|
$ |
6,185 |
|
|
$ |
2,090 |
|
|
$ |
1,279 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
69,518 |
|
Current
period Gross charge-offs |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Commercial
real estate (CRE) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
20,590 |
|
|
$ |
199,769 |
|
|
$ |
55,017 |
|
|
$ |
16,183 |
|
|
$ |
12,815 |
|
|
$ |
16,218 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
320,592 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,222 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,222 |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
20,590 |
|
|
$ |
199,769 |
|
|
$ |
55,017 |
|
|
$ |
16,183 |
|
|
$ |
14,037 |
|
|
$ |
16,218 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
321,814 |
|
Current
period Gross charge-offs |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
4,044 |
|
|
$ |
1,401 |
|
|
$ |
1,363 |
|
|
$ |
85 |
|
|
$ |
57 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,950 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
4,044 |
|
|
$ |
1,401 |
|
|
$ |
1,363 |
|
|
$ |
85 |
|
|
$ |
57 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,950 |
|
Current
period Gross charge-offs |
|
$ |
(16 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(26 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(42 |
) |
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
8,798 |
|
|
$ |
9,359 |
|
|
$ |
5,612 |
|
|
$ |
250 |
|
|
$ |
198 |
|
|
$ |
- |
|
|
$ |
16,469 |
|
|
$ |
- |
|
|
$ |
40,686 |
|
OLEM
(Other Loans Especially Mentioned) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Substandard |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Doubtful |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Subtotal
loans |
|
$ |
8,798 |
|
|
$ |
9,359 |
|
|
$ |
5,612 |
|
|
$ |
250 |
|
|
$ |
198 |
|
|
$ |
- |
|
|
$ |
16,469 |
|
|
$ |
- |
|
|
$ |
40,686 |
|
Current
period Gross charge-offs |
|
$ |
(30 |
) |
|
$ |
(505 |
) |
|
$ |
(266 |
) |
|
$ |
(3 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(804 |
) |
|
X |
- DefinitionSchedule Of Amortized Cost Basis [Table Text Block].
+ References
+ Details
Name: |
OPHC_ScheduleOfAmortizedCostBasisTableTextBlock |
Namespace Prefix: |
OPHC_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of allowance for credit loss on financing receivable.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
+ Details
Name: |
us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29
+ Details
Name: |
us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of aging analysis for financing receivable.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A
+ Details
Name: |
us-gaap_PastDueFinancingReceivablesTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_ReceivablesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Earnings Per Share (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Earnings Per Share [Abstract] |
|
Schedule of Basic and Diluted Loss Per Share |
Schedule
of Basic and Diluted Loss Per Share
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| |
Three Months Ended | | |
Six Months Ended | |
| |
June 30, | | |
June 30, | |
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
Weighted-average number of common shares outstanding used to calculate basic and diluted earnings per common share | |
$ | 7,250,219 | | |
$ | 6,007,484 | | |
$ | 7,226,953 | | |
$ | 5,455,406 | |
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerShareAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
+ Details
Name: |
us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Fair Value Measurements (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Fair Value Disclosures [Abstract] |
|
Schedule of Debt Securities Available-for-sale Measured at Fair Value on Recurring Basis |
Debt
securities available for sale measured at fair value on a recurring basis are summarized below (in thousands):
Schedule of Debt Securities Available-for-sale Measured at Fair Value on Recurring Basis
| |
| | |
| | |
| | |
| |
| |
| | |
Fair Value Measurements Using | |
| |
Fair Value | | |
Quoted Prices In Active Markets for Identical Assets (Level 1) | | |
Significant Other Observable Inputs (Level 2) | | |
Significant Unobservable Inputs (Level 3) | |
At June 30, 2023: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 759 | | |
$ | — | | |
$ | 759 | | |
| — | |
Collateralized mortgage obligations | |
| 124 | | |
| — | | |
| 124 | | |
| — | |
Taxable municipal securities | |
| 12,011 | | |
| — | | |
| 12,011 | | |
| — | |
Mortgage-backed securities | |
| 11,868 | | |
| — | | |
| 11,868 | | |
| — | |
Total | |
$ | 24,762 | | |
| — | | |
$ | 24,762 | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
At December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
SBA Pool Securities | |
$ | 817 | | |
$ | — | | |
$ | 817 | | |
| — | |
Collateralized mortgage obligations | |
| 130 | | |
| — | | |
| 130 | | |
| — | |
Taxable municipal securities | |
| 11,620 | | |
| — | | |
| 11,620 | | |
| — | |
Mortgage-backed securities | |
| 12,535 | | |
| — | | |
| 12,535 | | |
| — | |
Total | |
$ | 25,102 | | |
| — | | |
$ | 25,102 | | |
| — | |
|
X |
- DefinitionTabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_FairValueDisclosuresAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Fair Value of Financial Instruments (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Investments, All Other Investments [Abstract] |
|
Schedule of Estimated Fair Value of Financial Instruments |
Schedule of Estimated Fair Value of Financial Instruments
| |
At June 30, 2023 | | |
At December 31, 2022 | |
| |
Carrying Amount | | |
Fair Value | | |
Level | | |
Carrying Amount | | |
Fair Value | | |
Level | |
| |
| | |
| | |
| | |
| | |
| | |
| |
Financial assets: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Cash and cash equivalents | |
$ | 78,373 | | |
$ | 78,373 | | |
| 1 | | |
$ | 71,836 | | |
$ | 71,836 | | |
| 1 | |
Debt securities available for sale | |
| 24,762 | | |
| 24,762 | | |
| 2 | | |
| 25,102 | | |
| 25,102 | | |
| 2 | |
Debt securities held-to-maturity | |
| 445 | | |
| 406 | | |
| 2 | | |
| 540 | | |
| 504 | | |
| 2 | |
Loans | |
| 518,829 | | |
| 512,031 | | |
| 3 | | |
| 477,218 | | |
| 476,566 | | |
| 3 | |
Federal Home Loan Bank stock | |
| 717 | | |
| 717 | | |
| 3 | | |
| 600 | | |
| 600 | | |
| 3 | |
Accrued interest receivable | |
| 1,559 | | |
| 1,559 | | |
| 3 | | |
| 1,444 | | |
| 1,444 | | |
| 3 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Financial liabilities: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Deposit liabilities | |
| 551,631 | | |
| 556,017 | | |
| 3 | | |
| 507,899 | | |
| 512,357 | | |
| 3 | |
Federal Home Loan Bank advances | |
| 10,000 | | |
| 9,456 | | |
| 3 | | |
| 10,000 | | |
| 9,450 | | |
| 3 | |
Off-balance sheet financial instruments | |
| — | | |
| — | | |
| 3 | | |
| — | | |
| — | | |
| 3 | |
|
X |
- DefinitionTabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11
+ Details
Name: |
us-gaap_FairValueByBalanceSheetGroupingTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_InvestmentsAllOtherInvestmentsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
X |
- References
+ Details
Name: |
OPHC_DisclosureOffBalanceSheetFinancialInstrumentsAbstract |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-10
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11
+ Details
Name: |
us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Regulatory Matters (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Schedule of Capital Amounts, Ratios and Regulatory Thresholds |
Schedule of Capital Amounts, Ratios and Regulatory Thresholds
| |
Actual | | |
To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework) | |
| |
Amount | | |
% | | |
Amount | | |
% | |
As of June 30, 2023: | |
| | |
| | |
| | |
| |
Tier 1 Capital to Total Assets | |
| 69,234 | | |
| 11.20 | % | |
| 55,616 | | |
| 9.00 | % |
| |
| | | |
| | | |
| | | |
| | |
As of December 31, 2022: | |
| | | |
| | | |
| | | |
| | |
Tier 1 Capital to Total Assets | |
| 66,291 | | |
| 11.29 | % | |
| 52,865 | | |
| 9.00 | % |
|
X |
- DefinitionTabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1B
+ Details
Name: |
us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount, before tax and after adjustment, of unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax of other comprehensive income (loss) attributable to parent entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 20 -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-20
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(3) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of tax expense (benefit) allocated to other comprehensive income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 12 -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-12
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-4
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-10
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482659/740-20-45-11
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482659/740-20-45-2
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.23.2
General (Details Narrative) - USD ($)
|
Jun. 30, 2023 |
Dec. 31, 2022 |
Retained earnings |
$ (19,789,000)
|
$ (22,073,000)
|
Accrued interest receivable for debt securities available for sale |
169,000
|
|
Accrued interest receivable |
1,559,000
|
1,444,000
|
Liability for credit losses on unfunded commitments |
|
|
Unfunded Loan Commitment [Member] |
|
|
Liability for credit losses on unfunded commitments |
236,000
|
|
Loan [Member] |
|
|
Accrued interest receivable |
1,377,000
|
|
Accounting Standards Update 2016-13 [Member] |
|
|
Allowance for credit losses |
219,000
|
|
Liability for unfunded commitments |
23,000
|
|
Deferred income tax assets, net |
61,000
|
|
Retained earnings |
$ 181,000
|
|
Optimum Bank [Member] |
|
|
Equity method investment, ownership percentage |
100.00%
|
|
X |
- DefinitionLiability for unfunded commitments.
+ References
+ Details
Name: |
OPHC_LiabilityForUnfundedCommitments |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of allowance for credit loss on accounts receivable, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-4
+ Details
Name: |
us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after allowance for credit loss, of accrued interest on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2A
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-3A
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3B -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-3B
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2
+ Details
Name: |
us-gaap_DeferredTaxAssetsGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
+ Details
Name: |
us-gaap_EquityMethodInvestmentOwnershipPercentage |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe fair value of financial liabilities, which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-10
+ Details
Name: |
us-gaap_FairValueDisclosureOffbalanceSheetRisksAmountLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480833/946-310-45-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_InterestReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated undistributed earnings (deficit).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-11
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(17)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_UnfundedLoanCommitmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancialInstrumentAxis=OPHC_LoanMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201613Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=OPHC_OptimumBankMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Schedule of Amortized Cost and Approximate Fair Values of Debt Securities (Details) - USD ($) $ in Thousands |
6 Months Ended |
12 Months Ended |
Jun. 30, 2023 |
Dec. 31, 2022 |
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for sale, amortized cost |
$ 32,213
|
$ 32,888
|
Available for sale, gross unrealized gains |
1
|
1
|
Available for sale, gross unrealized losses |
(7,452)
|
(7,787)
|
Available for sale, fair value |
24,762
|
25,102
|
Held-to-maturity, amortized cost |
445
|
540
|
Held-to-maturity, gross unrealized gains |
|
|
Held-to-maturity, gross unrealized losses |
(39)
|
(36)
|
Held-to-maturity, fair value |
406
|
504
|
Taxable Municipal Bonds [Member] |
|
|
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for sale, gross unrealized gains |
|
|
Taxable Municipal Bonds [Member] |
|
|
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for sale, amortized cost |
16,710
|
16,729
|
Available for sale, gross unrealized losses |
(4,699)
|
(5,109)
|
Available for sale, fair value |
12,011
|
11,620
|
SBA Pool Securities [Member] |
|
|
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for sale, amortized cost |
775
|
834
|
Available for sale, gross unrealized gains |
1
|
1
|
Available for sale, gross unrealized losses |
(17)
|
(18)
|
Available for sale, fair value |
759
|
817
|
Collateralized Mortgage Obligations [Member] |
|
|
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for sale, amortized cost |
139
|
145
|
Available for sale, gross unrealized gains |
|
|
Available for sale, gross unrealized losses |
(15)
|
(15)
|
Available for sale, fair value |
124
|
130
|
Held-to-maturity, amortized cost |
415
|
475
|
Held-to-maturity, gross unrealized gains |
|
|
Held-to-maturity, gross unrealized losses |
(39)
|
(35)
|
Held-to-maturity, fair value |
376
|
440
|
Collateralized Mortgage-Backed Securities [Member] |
|
|
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for sale, amortized cost |
14,589
|
15,180
|
Available for sale, gross unrealized gains |
|
|
Available for sale, gross unrealized losses |
(2,721)
|
(2,645)
|
Available for sale, fair value |
11,868
|
12,535
|
Held-to-maturity, amortized cost |
30
|
65
|
Held-to-maturity, gross unrealized gains |
|
|
Held-to-maturity, gross unrealized losses |
|
(1)
|
Held-to-maturity, fair value |
$ 30
|
$ 64
|
X |
- DefinitionAmortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
+ Details
Name: |
us-gaap_AvailableForSaleDebtSecuritiesGrossUnrealizedLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of realized gain on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-9
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleRealizedGain |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of accumulated unrecognized gain on investment in debt security measured at amortized cost (held-to-maturity).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A
Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5
+ Details
Name: |
us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated unrealized loss on investment in debt security measured at amortized cost (held-to-maturity).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A
Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5
+ Details
Name: |
us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after allowance for credit loss, of investment in debt security measured at amortized cost (held-to-maturity) with single maturity date and allocated without single maturity date.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480832/942-320-50-3
+ Details
Name: |
us-gaap_HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value of investment in debt security measured at amortized cost (held-to-maturity).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5
+ Details
Name: |
us-gaap_HeldToMaturitySecuritiesFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_ImpairmentEffectsOnEarningsPerShareLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_InvestmentTypeAxis=us-gaap_TaxableMunicipalBondsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancialInstrumentAxis=us-gaap_TaxableMunicipalBondsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=OPHC_SBAPoolSecuritiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=us-gaap_CollateralizedMortgageObligationsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=us-gaap_MortgageBackedSecuritiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Schedule of Debt Securities Available for Sale with Gross Unrealized Losses, by Investment Category (Details) - USD ($) $ in Thousands |
Jun. 30, 2023 |
Dec. 31, 2022 |
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses |
$ 7,452
|
$ 7,748
|
Available for Sale, Securities Position Over 12 Months, Fair Value |
24,611
|
24,569
|
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses |
|
39
|
Available for Sale, Securities Position Less than 12 Month, Fair Value |
|
373
|
Taxable Municipal Bonds [Member] |
|
|
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses |
4,699
|
5,109
|
Available for Sale, Securities Position Over 12 Months, Fair Value |
12,012
|
11,620
|
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses |
|
|
Available for Sale, Securities Position Less than 12 Month, Fair Value |
|
|
SBA Pool Securities [Member] |
|
|
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses |
17
|
18
|
Available for Sale, Securities Position Over 12 Months, Fair Value |
607
|
657
|
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses |
|
|
Available for Sale, Securities Position Less than 12 Month, Fair Value |
|
|
Collateralized Mortgage Obligations [Member] |
|
|
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses |
15
|
|
Available for Sale, Securities Position Over 12 Months, Fair Value |
124
|
|
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses |
|
15
|
Available for Sale, Securities Position Less than 12 Month, Fair Value |
|
130
|
Collateralized Mortgage-Backed Securities [Member] |
|
|
Impairment Effects on Earnings Per Share [Line Items] |
|
|
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses |
2,721
|
2,621
|
Available for Sale, Securities Position Over 12 Months, Fair Value |
11,868
|
12,292
|
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses |
|
24
|
Available for Sale, Securities Position Less than 12 Month, Fair Value |
|
$ 243
|
X |
- DefinitionFair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in second through fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480832/942-320-50-3A
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480832/942-320-50-3A
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for 12 months or longer, without allowance for credit loss. Includes beneficial interest in securitized financial asset.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-7
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-5
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for less than 12 months, without allowance for credit loss. Includes beneficial interest in securitized financial asset.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-7
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-5
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_ImpairmentEffectsOnEarningsPerShareLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_InvestmentTypeAxis=us-gaap_TaxableMunicipalBondsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=OPHC_SBAPoolSecuritiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=us-gaap_CollateralizedMortgageObligationsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=us-gaap_MortgageBackedSecuritiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
X |
- DefinitionDebt securities in unrealized loss position.
+ References
+ Details
Name: |
OPHC_DebtSecuritiesInUnrealizedLossPosition |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
OPHC_DisclosureDebtSecuritiesAbstract |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtSecuritiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.23.2
Schedule of Components of Loans (Details) - USD ($) $ in Thousands |
Jun. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2022 |
Jun. 30, 2022 |
Mar. 31, 2022 |
Dec. 31, 2021 |
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
|
Total loans |
$ 526,260
|
|
$ 483,378
|
|
|
|
Net deferred loan fees, and costs |
(786)
|
|
(367)
|
|
|
|
Allowance for credit losses |
(6,645)
|
$ (6,353)
|
(5,793)
|
$ (4,243)
|
$ (3,408)
|
$ (3,075)
|
Loans, net |
518,829
|
|
477,218
|
|
|
|
Residential Portfolio Segment [Member] |
|
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
|
Total loans |
60,273
|
|
50,354
|
|
|
|
Allowance for credit losses |
(883)
|
(742)
|
(768)
|
(514)
|
(575)
|
(482)
|
Multi Family Real Estate [Member] |
|
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
|
Total loans |
69,518
|
|
69,555
|
|
|
|
Allowance for credit losses |
(1,037)
|
(1,077)
|
(748)
|
(619)
|
(549)
|
(535)
|
Commercial Real Estate Portfolio Segment [Member] |
|
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
|
Total loans |
321,814
|
|
310,695
|
|
|
|
Allowance for credit losses |
(2,802)
|
(3,030)
|
(3,262)
|
(2,340)
|
(1,607)
|
(1,535)
|
Construction Loans [Member] |
|
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
|
Total loans |
27,019
|
|
17,286
|
|
|
|
Allowance for credit losses |
(680)
|
(533)
|
(173)
|
(71)
|
(79)
|
(32)
|
Commercial Portfolio Segment [Member] |
|
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
|
Total loans |
6,950
|
|
5,165
|
|
|
|
Allowance for credit losses |
(135)
|
(26)
|
(277)
|
(67)
|
(68)
|
(74)
|
Consumer Portfolio Segment [Member] |
|
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
|
Total loans |
40,686
|
|
30,323
|
|
|
|
Allowance for credit losses |
$ (1,108)
|
$ (945)
|
$ (565)
|
$ (632)
|
$ (530)
|
$ (417)
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80
+ Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b)(1)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481696/310-30-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(1) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L.1) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-4
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableAllowance |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of deferred interest and fee income, unamortized costs incurred to originate loans and leases, unamortized loan commitments and loan syndication fees, and premiums over or discounts from face amounts of acquired loans. Excludes amounts for loans and leases covered under loss sharing agreements.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481569/310-20-50-3
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 4 -Subparagraph (a)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481161/840-30-50-4
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-4
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.7) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableDeferredIncome |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481990/310-10-45-2
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableGrossCarryingAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481990/310-10-45-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.7) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableNetReportedAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ResidentialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=OPHC_MultiFamilyRealEstateMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialRealEstatePortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConsumerPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Schedule of Changes in Allowance for Loan Losses (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
Beginning balance |
$ 6,353
|
$ 3,408
|
$ 5,793
|
$ 3,075
|
|
Credit loss expense (income) |
545
|
|
1,311
|
|
|
Charge-offs |
(383)
|
(226)
|
(846)
|
(299)
|
|
Recoveries |
130
|
70
|
169
|
84
|
|
Ending balance |
6,645
|
4,243
|
6,645
|
4,243
|
|
Provision for loan losses |
|
991
|
|
1,383
|
|
Additional allowance recognized due to adoption of Topic 326 |
|
|
218
|
|
|
Balance January 31, 2023 |
|
|
6,011
|
|
|
Recorded investment |
|
|
|
|
|
Balance in allowance for loan losses |
|
|
|
|
|
Recorded investment |
|
|
|
|
483,378
|
Balance in allowance for loan losses |
|
|
|
|
5,793
|
Residential Portfolio Segment [Member] |
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
Beginning balance |
742
|
575
|
768
|
482
|
|
Credit loss expense (income) |
141
|
|
82
|
|
|
Charge-offs |
|
|
|
|
|
Recoveries |
|
|
|
|
|
Ending balance |
883
|
514
|
883
|
514
|
|
Provision for loan losses |
|
(61)
|
|
32
|
|
Additional allowance recognized due to adoption of Topic 326 |
|
|
33
|
|
|
Balance January 31, 2023 |
|
|
801
|
|
|
Recorded investment |
|
|
|
|
|
Balance in allowance for loan losses |
|
|
|
|
|
Recorded investment |
|
|
|
|
50,354
|
Balance in allowance for loan losses |
|
|
|
|
768
|
Multi Family Real Estate [Member] |
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
Beginning balance |
1,077
|
549
|
748
|
535
|
|
Credit loss expense (income) |
(40)
|
|
(38)
|
|
|
Charge-offs |
|
|
|
|
|
Recoveries |
|
|
|
|
|
Ending balance |
1,037
|
619
|
1,037
|
619
|
|
Provision for loan losses |
|
70
|
|
84
|
|
Additional allowance recognized due to adoption of Topic 326 |
|
|
327
|
|
|
Balance January 31, 2023 |
|
|
1,075
|
|
|
Recorded investment |
|
|
|
|
|
Balance in allowance for loan losses |
|
|
|
|
|
Recorded investment |
|
|
|
|
69,555
|
Balance in allowance for loan losses |
|
|
|
|
748
|
Commercial Real Estate Portfolio Segment [Member] |
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
Beginning balance |
3,030
|
1,607
|
3,262
|
1,535
|
|
Credit loss expense (income) |
(228)
|
|
(93)
|
|
|
Charge-offs |
|
|
|
|
|
Recoveries |
|
|
|
|
|
Ending balance |
2,802
|
2,340
|
2,802
|
2,340
|
|
Provision for loan losses |
|
733
|
|
805
|
|
Additional allowance recognized due to adoption of Topic 326 |
|
|
(367)
|
|
|
Balance January 31, 2023 |
|
|
2,895
|
|
|
Recorded investment |
|
|
|
|
|
Balance in allowance for loan losses |
|
|
|
|
|
Recorded investment |
|
|
|
|
310,695
|
Balance in allowance for loan losses |
|
|
|
|
3,262
|
Construction Loans [Member] |
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
Beginning balance |
533
|
79
|
173
|
32
|
|
Credit loss expense (income) |
147
|
|
229
|
|
|
Charge-offs |
|
|
|
|
|
Recoveries |
|
|
|
|
|
Ending balance |
680
|
71
|
680
|
71
|
|
Provision for loan losses |
|
(8)
|
|
39
|
|
Additional allowance recognized due to adoption of Topic 326 |
|
|
278
|
|
|
Balance January 31, 2023 |
|
|
451
|
|
|
Recorded investment |
|
|
|
|
|
Balance in allowance for loan losses |
|
|
|
|
|
Recorded investment |
|
|
|
|
17,286
|
Balance in allowance for loan losses |
|
|
|
|
173
|
Commercial Portfolio Segment [Member] |
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
Beginning balance |
26
|
68
|
277
|
74
|
|
Credit loss expense (income) |
38
|
|
75
|
|
|
Charge-offs |
(16)
|
(90)
|
(42)
|
(90)
|
|
Recoveries |
87
|
56
|
87
|
56
|
|
Ending balance |
135
|
67
|
135
|
67
|
|
Provision for loan losses |
|
33
|
|
27
|
|
Additional allowance recognized due to adoption of Topic 326 |
|
|
(262)
|
|
|
Balance January 31, 2023 |
|
|
15
|
|
|
Recorded investment |
|
|
|
|
|
Balance in allowance for loan losses |
|
|
|
|
|
Recorded investment |
|
|
|
|
5,165
|
Balance in allowance for loan losses |
|
|
|
|
277
|
Consumer Portfolio Segment [Member] |
|
|
|
|
|
Financing Receivable, Past Due [Line Items] |
|
|
|
|
|
Beginning balance |
945
|
530
|
565
|
417
|
|
Credit loss expense (income) |
487
|
|
1,056
|
|
|
Charge-offs |
(367)
|
(136)
|
(804)
|
(209)
|
|
Recoveries |
43
|
14
|
82
|
28
|
|
Ending balance |
$ 1,108
|
632
|
1,108
|
632
|
|
Provision for loan losses |
|
$ 224
|
|
$ 396
|
|
Additional allowance recognized due to adoption of Topic 326 |
|
|
209
|
|
|
Balance January 31, 2023 |
|
|
$ 774
|
|
|
Recorded investment |
|
|
|
|
|
Balance in allowance for loan losses |
|
|
|
|
|
Recorded investment |
|
|
|
|
30,323
|
Balance in allowance for loan losses |
|
|
|
|
$ 565
|
X |
- DefinitionAdditional allowance recognized due to adoption.
+ References
+ Details
Name: |
OPHC_AdditionalAllowanceRecognizedDueToAdoption |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionLoans and leases receivable allowance adjusted balance.
+ References
+ Details
Name: |
OPHC_LoansAndLeasesReceivableAllowanceAdjustedBalance |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionProvision for loan losses expense.
+ References
+ Details
Name: |
OPHC_ProvisionForLoanLossesExpense |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe valuation allowance for financing receivables that are expected to be uncollectible that were collectively evaluated for impairment.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
+ Details
Name: |
us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of valuation allowance for financing receivables that are expected to be uncollectible that were individually evaluated for impairment.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
+ Details
Name: |
us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase in allowance for credit loss on financing receivable from recovery.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 79 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-79
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(4) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
+ Details
Name: |
us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of writeoff of financing receivable, charged against allowance for credit loss.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 79 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-79
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-6
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(3) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
+ Details
Name: |
us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe balance of financing receivables that were collectively evaluated for impairment.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L(5)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-4
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11C
+ Details
Name: |
us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe balance of financing receivables that were individually evaluated for impairment.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11C
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L(5)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-4
+ Details
Name: |
us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80
+ Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b)(1)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481696/310-30-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(1) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L.1) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-4
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableAllowance |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of expense related to credit loss from transactions other than loan and lease transactions.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(11)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_ProvisionForOtherCreditLosses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ResidentialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=OPHC_MultiFamilyRealEstateMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialRealEstatePortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConsumerPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Schedule of Loans by Credit Quality (Details) - USD ($) $ in Thousands |
Jun. 30, 2023 |
Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
$ 526,260
|
$ 483,378
|
Pass [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
482,141
|
Special Mention [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Substandard [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
1,237
|
Doubtful [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Loss [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Residential Portfolio Segment [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
60,273
|
50,354
|
Residential Portfolio Segment [Member] | Pass [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
60,273
|
50,354
|
Residential Portfolio Segment [Member] | Special Mention [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Residential Portfolio Segment [Member] | Substandard [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Residential Portfolio Segment [Member] | Doubtful [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Residential Portfolio Segment [Member] | Loss [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Multi Family Real Estate [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
69,518
|
69,555
|
Multi Family Real Estate [Member] | Pass [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
69,518
|
69,555
|
Multi Family Real Estate [Member] | Special Mention [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Multi Family Real Estate [Member] | Substandard [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Multi Family Real Estate [Member] | Doubtful [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Multi Family Real Estate [Member] | Loss [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Commercial Real Estate Portfolio Segment [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
321,814
|
310,695
|
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
320,592
|
309,458
|
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
1,222
|
1,237
|
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Commercial Real Estate Portfolio Segment [Member] | Loss [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Construction Loans [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
27,019
|
17,286
|
Construction Loans [Member] | Pass [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
27,019
|
17,286
|
Construction Loans [Member] | Special Mention [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Construction Loans [Member] | Substandard [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Construction Loans [Member] | Doubtful [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Construction Loans [Member] | Loss [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Commercial Portfolio Segment [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
6,950
|
5,165
|
Commercial Portfolio Segment [Member] | Pass [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
6,950
|
5,165
|
Commercial Portfolio Segment [Member] | Special Mention [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Commercial Portfolio Segment [Member] | Substandard [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Commercial Portfolio Segment [Member] | Doubtful [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Commercial Portfolio Segment [Member] | Loss [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Consumer Portfolio Segment [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
40,686
|
30,323
|
Consumer Portfolio Segment [Member] | Pass [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
40,686
|
30,323
|
Consumer Portfolio Segment [Member] | Special Mention [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Consumer Portfolio Segment [Member] | Substandard [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Consumer Portfolio Segment [Member] | Doubtful [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
Consumer Portfolio Segment [Member] | Loss [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Loans and Leases Receivable, Gross |
|
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80
+ Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481990/310-10-45-2
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableGrossCarryingAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=us-gaap_PassMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=us-gaap_SpecialMentionMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=us-gaap_SubstandardMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=us-gaap_DoubtfulMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=OPHC_LossMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ResidentialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=OPHC_MultiFamilyRealEstateMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialRealEstatePortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConsumerPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Schedule of Age Analysis of Past-due Loans (Details) - USD ($) $ in Thousands |
Jun. 30, 2023 |
Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, Nonaccrual |
|
|
Loans and Leases Receivable, Gross |
526,260
|
483,378
|
Financial Asset, 30 to 59 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
1,606
|
150
|
Financial Asset, 60 to 89 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
158
|
27
|
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Financial Asset, Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
1,764
|
177
|
Financial Asset, Not Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
524,496
|
483,201
|
Residential Portfolio Segment [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, Nonaccrual |
|
|
Loans and Leases Receivable, Gross |
60,273
|
50,354
|
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
60,273
|
50,354
|
Multi Family Real Estate [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, Nonaccrual |
|
|
Loans and Leases Receivable, Gross |
69,518
|
69,555
|
Multi Family Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
1,259
|
|
Multi Family Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Multi Family Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Multi Family Real Estate [Member] | Financial Asset, Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
1,259
|
|
Multi Family Real Estate [Member] | Financial Asset, Not Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
68,259
|
69,555
|
Commercial Real Estate Portfolio Segment [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, Nonaccrual |
|
|
Loans and Leases Receivable, Gross |
321,814
|
310,695
|
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
321,814
|
310,695
|
Construction Loans [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, Nonaccrual |
|
|
Loans and Leases Receivable, Gross |
27,019
|
17,286
|
Construction Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Construction Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Construction Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Construction Loans [Member] | Financial Asset, Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Construction Loans [Member] | Financial Asset, Not Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
27,019
|
17,286
|
Commercial Portfolio Segment [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, Nonaccrual |
|
|
Loans and Leases Receivable, Gross |
6,950
|
5,165
|
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
6,950
|
5,165
|
Consumer Portfolio Segment [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, Nonaccrual |
|
|
Loans and Leases Receivable, Gross |
40,686
|
30,323
|
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
347
|
150
|
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
158
|
27
|
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
|
|
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
505
|
177
|
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] |
|
|
Financing Receivable, Past Due [Line Items] |
|
|
Financing Receivable, before Allowance for Credit Loss |
$ 40,181
|
$ 30,146
|
X |
- DefinitionAmortized cost of financing receivable on nonaccrual status. Excludes net investment in lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-16
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph (a) -Subparagraph (3) -Publisher SEC
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph (a) -Subparagraph (2) -Publisher SEC
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7
+ Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80
+ Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481990/310-10-45-2
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableGrossCarryingAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 79 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-79
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph (a) -Subparagraph (1) -Publisher SEC
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph (a) -Subparagraph (2) -Publisher SEC
Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1404 -Paragraph (a) -Publisher SEC
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7A -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5
+ Details
Name: |
us-gaap_NotesReceivableGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables30To59DaysPastDueMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables60To89DaysPastDueMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancialAssetPastDueMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancialAssetNotPastDueMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ResidentialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=OPHC_MultiFamilyRealEstateMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialRealEstatePortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConsumerPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Schedule of Amortized Cost Basis (Details) - USD ($) $ in Thousands |
Jun. 30, 2023 |
Dec. 31, 2022 |
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
Subtotal loans |
$ 526,260
|
$ 483,378
|
Construction Loans [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
6,406
|
|
2022 |
15,136
|
|
2021 |
2,324
|
|
2020 |
1,509
|
|
2019 |
1,644
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
27,019
|
17,286
|
Commercial Real Estate Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
20,590
|
|
2022 |
199,769
|
|
2021 |
55,017
|
|
2020 |
16,183
|
|
2019 |
14,037
|
|
Prior |
16,218
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
321,814
|
310,695
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Current period Gross write-offs |
|
|
Residential Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
7,350
|
|
2022 |
26,567
|
|
2021 |
9,853
|
|
2020 |
6,686
|
|
2019 |
4,097
|
|
Prior |
3,286
|
|
Revolving Loans (Amortized Cost Basis) |
2,434
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
60,273
|
50,354
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Current period Gross write-offs |
|
|
Multi Family Real Estate [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
998
|
|
2022 |
29,396
|
|
2021 |
29,570
|
|
2020 |
6,185
|
|
2019 |
2,090
|
|
Prior |
1,279
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
69,518
|
69,555
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Current period Gross write-offs |
|
|
Commercial Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
4,044
|
|
2022 |
1,401
|
|
2021 |
1,363
|
|
2020 |
85
|
|
2019 |
57
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
6,950
|
5,165
|
2023 |
(16)
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
(26)
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Current period Gross write-offs |
(42)
|
|
Consumer Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
8,798
|
|
2022 |
9,359
|
|
2021 |
5,612
|
|
2020 |
250
|
|
2019 |
198
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
16,469
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
40,686
|
30,323
|
2023 |
(30)
|
|
2022 |
(505)
|
|
2021 |
(266)
|
|
2020 |
(3)
|
|
2019 |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Current period Gross write-offs |
(804)
|
|
Pass [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
Subtotal loans |
|
482,141
|
Pass [Member] | Construction Loans [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
6,406
|
|
2022 |
15,136
|
|
2021 |
2,324
|
|
2020 |
1,509
|
|
2019 |
1,644
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
27,019
|
17,286
|
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
20,590
|
|
2022 |
199,769
|
|
2021 |
55,017
|
|
2020 |
16,183
|
|
2019 |
12,815
|
|
Prior |
16,218
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
320,592
|
309,458
|
Pass [Member] | Residential Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
7,350
|
|
2022 |
26,567
|
|
2021 |
9,853
|
|
2020 |
6,686
|
|
2019 |
4,097
|
|
Prior |
3,286
|
|
Revolving Loans (Amortized Cost Basis) |
2,434
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
60,273
|
50,354
|
Pass [Member] | Multi Family Real Estate [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
998
|
|
2022 |
29,396
|
|
2021 |
29,570
|
|
2020 |
6,185
|
|
2019 |
2,090
|
|
Prior |
1,279
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
69,518
|
69,555
|
Pass [Member] | Commercial Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
4,044
|
|
2022 |
1,401
|
|
2021 |
1,363
|
|
2020 |
85
|
|
2019 |
57
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
6,950
|
5,165
|
Pass [Member] | Consumer Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
8,798
|
|
2022 |
9,359
|
|
2021 |
5,612
|
|
2020 |
250
|
|
2019 |
198
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
16,469
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
40,686
|
30,323
|
Special Mention [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
Subtotal loans |
|
|
Special Mention [Member] | Construction Loans [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Special Mention [Member] | Residential Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Special Mention [Member] | Multi Family Real Estate [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Special Mention [Member] | Commercial Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Special Mention [Member] | Consumer Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Substandard [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
Subtotal loans |
|
1,237
|
Substandard [Member] | Construction Loans [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
1,222
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
1,222
|
1,237
|
Substandard [Member] | Residential Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Substandard [Member] | Multi Family Real Estate [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Substandard [Member] | Commercial Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Substandard [Member] | Consumer Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Doubtful [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
Subtotal loans |
|
|
Doubtful [Member] | Construction Loans [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Doubtful [Member] | Residential Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Doubtful [Member] | Multi Family Real Estate [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Doubtful [Member] | Commercial Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Doubtful [Member] | Consumer Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Loss [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
Subtotal loans |
|
|
Loss [Member] | Construction Loans [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Loss [Member] | Commercial Real Estate Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Loss [Member] | Residential Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Loss [Member] | Multi Family Real Estate [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Loss [Member] | Commercial Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
Loss [Member] | Consumer Portfolio Segment [Member] |
|
|
Financing Receivable, Credit Quality Indicator [Line Items] |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
Prior |
|
|
Revolving Loans (Amortized Cost Basis) |
|
|
Revolving Loans Converted to Term Loans (Amortized Cost Basis) |
|
|
Subtotal loans |
|
|
X |
- DefinitionLoans and leases receivable converted term loans amortized cost basis.
+ References
+ Details
Name: |
OPHC_LoansAndLeasesReceivableConvertedTermLoansAmortizedCostBasis |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLoans and leases receivable loans amortized cost basis.
+ References
+ Details
Name: |
OPHC_LoansAndLeasesReceivableLoansAmortizedCostBasis |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
OPHC_LoansChargeoffsGross |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
OPHC_LoansChargeoffsGrossCarryingAmount |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
OPHC_LoansChargeoffsGrossConvertedTermLoansAmortizedCostBasis |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
OPHC_LoansChargeoffsGrossPriorYear |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
OPHC_LoansChargeoffsGrossYearFive |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
OPHC_LoansChargeoffsGrossYearFour |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
OPHC_LoansChargeoffsGrossYearOne |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
OPHC_LoansChargeoffsGrossYearThree |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
OPHC_LoansChargeoffsGrossYearTwo |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionTerm loans amortized cost basis by origination prior year.
+ References
+ Details
Name: |
OPHC_TermLoansAmortizedCostBasisByOriginationPriorYear |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionTerm loans amortized cost basis by origination year five.
+ References
+ Details
Name: |
OPHC_TermLoansAmortizedCostBasisByOriginationYearFive |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionTerm loans amortized cost basis by origination year four.
+ References
+ Details
Name: |
OPHC_TermLoansAmortizedCostBasisByOriginationYearFour |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionTerm loans amortized cost basis by origination year one.
+ References
+ Details
Name: |
OPHC_TermLoansAmortizedCostBasisByOriginationYearOne |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionTerm loans amortized cost basis by origination year three.
+ References
+ Details
Name: |
OPHC_TermLoansAmortizedCostBasisByOriginationYearThree |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionTerm loans amortized cost basis by origination year two.
+ References
+ Details
Name: |
OPHC_TermLoansAmortizedCostBasisByOriginationYearTwo |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 79 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-79
+ Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481990/310-10-45-2
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableGrossCarryingAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialRealEstatePortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ResidentialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=OPHC_MultiFamilyRealEstateMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConsumerPortfolioSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=us-gaap_PassMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=us-gaap_SpecialMentionMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=us-gaap_SubstandardMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=us-gaap_DoubtfulMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InternalCreditAssessmentAxis=OPHC_LossMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Schedule of Basic and Diluted Loss Per Share (Details) - shares
|
3 Months Ended |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
Earnings Per Share [Abstract] |
|
|
|
|
Weighted-average number of common shares outstanding used to calculate basic and diluted earnings per common share |
7,250,219
|
6,007,484
|
7,226,953
|
5,455,406
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerShareAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-10
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Stock-Based Compensation (Details Narrative)
|
6 Months Ended |
Jun. 30, 2023
USD ($)
shares
|
Director [Member] |
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
Shares, issued for services |
66,479
|
Stock based compensation | $ |
$ 274,000
|
Employees [Member] |
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
Shares, issued for services |
52,622
|
Stock based compensation | $ |
$ 216,000
|
2018 Equity Incentive Plan [Member] |
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
Stock options, issued |
1,050,000
|
Stock options available for grant |
539,320
|
2018 Equity Incentive Plan [Member] | Minimum [Member] |
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
Stock options, issued |
500,000
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480483/718-10-35-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(01) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(02) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(03) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iv) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(v) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares authorized for issuance under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionValue of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=srt_DirectorMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=OPHC_EmployeesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_PlanNameAxis=OPHC_TwoThousandEighteenEquityIncentivePlanMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MinimumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Schedule of Debt Securities Available-for-sale Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands |
Jun. 30, 2023 |
Dec. 31, 2022 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
$ 24,762
|
$ 25,102
|
Fair Value, Inputs, Level 2 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
24,762
|
25,102
|
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
24,762
|
25,102
|
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
SBA Pool Securities [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
759
|
817
|
SBA Pool Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
SBA Pool Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
759
|
817
|
SBA Pool Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
Collateralized Mortgage Obligations [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
124
|
130
|
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
124
|
130
|
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
Taxable Municipal Securities [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
12,011
|
11,620
|
Taxable Municipal Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
Taxable Municipal Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
12,011
|
11,620
|
Taxable Municipal Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
Collateralized Mortgage-Backed Securities [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
11,868
|
12,535
|
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
11,868
|
12,535
|
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] |
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
Debt Securities, Available-for-Sale |
|
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3
+ Details
Name: |
us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=OPHC_SBAPoolSecuritiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=us-gaap_CollateralizedMortgageObligationsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=OPHC_TaxableMunicipalSecuritiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByAssetClassAxis=us-gaap_MortgageBackedSecuritiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
Schedule of Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands |
Jun. 30, 2023 |
Dec. 31, 2022 |
Platform Operator, Crypto-Asset [Line Items] |
|
|
Cash and cash equivalents |
$ 78,373
|
$ 71,836
|
Debt securities available for sale |
24,762
|
25,102
|
Debt securities held-to-maturity |
445
|
540
|
Loans |
518,829
|
477,218
|
Federal home loan bank stock |
717
|
600
|
Accrued interest receivable |
1,559
|
1,444
|
Deposit liabilities |
551,631
|
507,899
|
Federal home loan bank advances |
10,000
|
10,000
|
Off-balance sheet financial instruments |
|
|
Fair Value, Inputs, Level 1 [Member] |
|
|
Platform Operator, Crypto-Asset [Line Items] |
|
|
Cash and cash equivalents |
78,373
|
71,836
|
Fair Value, Inputs, Level 2 [Member] |
|
|
Platform Operator, Crypto-Asset [Line Items] |
|
|
Debt securities available for sale |
24,762
|
25,102
|
Debt securities held-to-maturity |
406
|
504
|
Fair Value, Inputs, Level 3 [Member] |
|
|
Platform Operator, Crypto-Asset [Line Items] |
|
|
Loans |
512,031
|
476,566
|
Federal home loan bank stock |
717
|
600
|
Accrued interest receivable |
1,559
|
1,444
|
Deposit liabilities |
556,017
|
512,357
|
Federal home loan bank advances |
9,456
|
9,450
|
Off-balance sheet financial instruments |
|
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsFairValueDisclosure |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value portion of deposit liabilities held by the entity, including, but not limited to, foreign and domestic, interest and noninterest bearing, demand deposits, saving deposits, negotiable orders of withdrawal (NOW) and time deposits.
+ References
+ Details
Name: |
us-gaap_DepositsFairValueDisclosure |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe fair value of financial liabilities, which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-10
+ Details
Name: |
us-gaap_FairValueDisclosureOffbalanceSheetRisksAmountLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionFair value portion of borrowing from Federal Home Loan Bank (FHLBank).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13(3)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionFederal Home Loan Bank (FHLB) stock represents an equity interest in a FHLB. It does not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 325 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481026/942-325-45-1
+ Details
Name: |
us-gaap_FederalHomeLoanBankStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, before allowance for credit loss, of investment in debt security measured at amortized cost (held-to-maturity).
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7A -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A
+ Details
Name: |
us-gaap_HeldToMaturitySecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionCarrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480833/946-310-45-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_InterestReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent
+ Details
Name: |
us-gaap_LoansReceivableFairValueDisclosure |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.23.2
X |
- References
+ Details
Name: |
OPHC_DisclosureOffBalanceSheetFinancialInstrumentsAbstract |
Namespace Prefix: |
OPHC_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe total amount of the contingent obligation under letters of credit outstanding as of the reporting date.
+ References
+ Details
Name: |
us-gaap_LettersOfCreditOutstandingAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionUnused amount of commitments to extend credit to customers.
+ References
+ Details
Name: |
us-gaap_UnusedCommitmentsToExtendCredit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.23.2
Schedule of Capital Amounts, Ratios and Regulatory Thresholds (Details) $ in Thousands |
Jun. 30, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
|
Tier I Capital to Total Assets, Amount |
$ 69,234
|
$ 66,291
|
Tier I Capital to Total Assets, Ratio |
0.1120
|
0.1129
|
Tier I Capital to Total Assets To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework), Amount |
$ 55,616
|
$ 52,865
|
Tier I Capital to Total Assets To Be Well Capitalized Under Prompt Corrective Action Regulations (CBLR Framework), Ratio |
0.0900
|
0.0900
|
X |
- DefinitionAmount of minimum total risk-based capital categorized as well capitalized as defined by regulatory framework for prompt corrective action.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
+ Details
Name: |
us-gaap_CapitalRequiredToBeWellCapitalized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionRatio of minimum total risk-based capital to risk-weighted assets categorized as well capitalized as defined by regulatory framework for prompt corrective action.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
+ Details
Name: |
us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAmount of Tier 1 leverage capital as defined by regulatory framework.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
+ Details
Name: |
us-gaap_TierOneLeverageCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionRatio of Tier 1 capital to average assets as defined by regulatory framework.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1
+ Details
Name: |
us-gaap_TierOneLeverageCapitalToAverageAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
instant |
|
v3.23.2
Series B Preferred Stock (Details Narrative) - $ / shares
|
6 Months Ended |
|
|
Jun. 30, 2023 |
Jun. 27, 2023 |
Dec. 31, 2022 |
Series B Preferred Stock [Member] |
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
Preferred Stock, Liquidation Preference Per Share |
$ 25,000
|
|
|
Preferred stock shares issued |
1,360
|
|
1,360
|
Preferred stock conversion |
|
11,113,889
|
|
Series B1 Preferred Stock [Member] |
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
Preferred stock shares issued |
760
|
|
|
Preferred stock conversion price |
$ 2.50
|
|
|
Series B2 Preferred Stock [Member] |
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
Preferred stock shares issued |
260
|
|
|
Preferred stock conversion price |
$ 4.00
|
|
|
Series B3 Preferred Stock [Member] |
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
Preferred stock shares issued |
500
|
|
|
Preferred stock conversion price |
$ 4.50
|
|
|
Common Stock [Member] | Series B Preferred Stock [Member] |
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
Conversion of Stock, Shares Issued |
11,113,889
|
|
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-4
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of new shares issued in the conversion of stock in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-4
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-3
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-5
+ Details
Name: |
us-gaap_ConversionOfStockSharesIssued1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPer share conversion price of preferred stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockConvertibleConversionPrice |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of common shares issuable upon conversion of preferred stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockConvertibleSharesIssuable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-4
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockLiquidationPreference |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PreferredStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=OPHC_SeriesBOnePreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=OPHC_SeriesBTwoPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=OPHC_SeriesBThreePreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
X |
- References
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees.
+ References
+ Details
Name: |
us-gaap_LitigationSettlementExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
OptimumBank (NASDAQ:OPHC)
Historical Stock Chart
From Jul 2024 to Aug 2024
OptimumBank (NASDAQ:OPHC)
Historical Stock Chart
From Aug 2023 to Aug 2024