Fort Lauderdale, FL, Feb. 02, 2026 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NYSE:OPHC) (the "Company") is a bank holding company. OptimumBank (the "Bank") is a Florida-chartered commercial bank and is owned 100% by the Company. The Company is pleased to announce net earnings of $4.85 million, or $0.42 per basic share, and $0.21 per diluted share, for the fourth quarter of 2025. This compares to net earnings of $4.32 million, or $0.37 per basic share, and $0.18 per diluted share, for the third quarter of 2025, and $3.95 million net earnings, or $0.38 per basic share, and $0.18 per diluted share, for the comparable quarter last year. For the twelve-month period ended December 31, 2025, net earnings was $16.64 million, or $1.42 per basic share, and $0.71 per diluted share, compared to net earnings of $13.12 million, or $1.39 per basic share, and $0.63 per diluted share, for the twelve-month period ended December 31, 2024. The increase of $3.52 million in earnings for the twelve-month period ended December 31, 2025, compared to the same period in 2024, was primarily driven by a $7.90 million improvement in net interest income and $2.15 million increase in noninterest income, partially offset by an increase in noninterest expenses and income taxes. The diluted share count incorporates the effect of certain changes to existing preferred shares, and comparability with prior diluted EPS figures may be affected accordingly.

The Company has demonstrated continued progress during the fourth quarter of 2025. The gross loan portfolio increased by $145.07 million, or 17.83%, during the fourth quarter of 2025 to $958.79 million. Total deposits declined by $27.74 million from September 30, 2025, totalling $931.75 million at December 31, 2025, down 2.89% from the prior quarter. This also represents growth of $159.56 million in total deposits since the December 31, 2024, or 20.66%.

Highlights for the Fourth Quarter of 2025

	●	Net earnings of $4.85 million, or $0.42 per basic share, and $0.21 diluted earnings per share ("diluted EPS").
	●	Return on Average Assets (ROAA) was 1.77% for the fourth quarter of 2025, compared to 1.68% as of September 30, 2025 (both annualized).
	●	Net interest margin was 4.39%, reflecting a two-basis point increase from 4.37% at September 30, 2025.
	●	Total assets grew by $28.64 million to $1.11 billion from September 30, 2025.
	●	Total deposits decreased by $27.74 million to $931.75 million from September 30, 2025.
	●	Gross loans increased by $145.07 million during the quarter to $958.79 million, compared to $813.7 million at September 30, 2025.
	●	Total stockholders' equity increased by $5.00 million to $121.90 million as of December 31, 2025, up from $116.89 million as of September 30, 2025, reflecting continued earnings retention.
	●	Return on Average Equity (ROAE) was 16.23% for the fourth quarter of 2025, compared to 15.17% as of September 30, 2025 (both annualized).

Highlights for the Year Ended December 31, 2025

	●	Net earnings of $16.65 million, or $1.42 per basic share, and $0.71 diluted EPS, compared to $1.39 per basic share and $0.63 per diluted share for 2024.
	●	Return on Average Assets (ROAA) was 1.64%, compared to 1.42% for the twelve-month period ended December 31, 2024.
	●	Net interest margin was 4.28%, reflecting a 45-basis point increase from 3.83% for the twelve-month period ended December 31, 2024.
	●	Total assets grew by $178.75 million to $1.11 billion from December 31, 2024, an increase of approximately 19.16% compared to $932.93 million at December 31, 2024.
	●	Total deposits grew by $159.56 million to $931.75 million from December 31, 2024, representing an increase of approximately 20.66% compared to $772.19 million at December 31, 2024.
	●	Gross loans increased by $154.55 million to $958.79 million at December 31, 2025, as compared to December 31, 2024.
	●	Total stockholders' equity increased by $18.71 million to $121.90 million as of December 31, 2025, up from $103.18 million as of December 31, 2024, reflecting continued earnings retention.
	●	Fully diluted tangible book value per share increased to $5.18 per diluted share at December 31, 2025, up $0.75, or 16.9% from the prior year

"We ended 2025 with the best quarter and the best year we have ever had," said Moishe Gubin, Chairman of the Board. "Our focus remains simple and effective. We are now on the cusp of fully realizing our strategic plan, which includes expanding into new, financially related verticals that complement our banking operations. We've built the foundation, and we are excited to unveil the next phase of this journey in the near future."

Net interest income for the quarter-ended December 31, 2025 increased to $11.87 million, up by $0.82 million from the third quarter of 2025 and $2.64 million from the fourth quarter of 2024, supported by higher yields on loans and other earning assets and lower costs on interest-bearing liabilities. The cost of interest-bearing liabilities was slightly lower at 3.34%, down by 14-basis points from 3.48% in the third quarter, while interest-earning asset yields were one basis point lower at 6.45%. The Company's net interest margin rose to 4.39%, a reflection of disciplined loan and deposit pricing strategy and balance sheet optimization.

Noninterest income for the quarter-ended December 31, 2025 decreased to $1.73 million, or $0.26 million lower from the prior quarter primarily driven by fewer loan prepayment fees. Noninterest expenses increased to $6.74 million, primarily due to other expenses including marketing, partially offset by lower staffing related expense. The Company maintained an efficiency ratio of 49.59% for the fourth quarter of 2025, consistent with prudent cost management amid balance sheet expansion and associated revenue expansion.

Credit loss expense as of quarter-ended December 31, 2025 decreased to $0.40 million, due to the improvements in the credit quality of the loan portfolio and the evaluation of factors used to determine the credit loss. Gross charge-offs remained modest at $201,000, while recoveries totalled $67,000, resulting in net charge-offs of $134,000, reflecting a well-managed loan portfolio for the fourth quarter of 2025. The allowance for credit losses stood at $10.27 million as of December 31, 2025, or 1.07% of total loans.

Loan portfolio growth was strong in the fourth quarter of 2025. Gross loans increased by $145.07 million. Commercial real estate and residential real estate segments continued to expand, growing by $141.64 million and $7.30 million, respectively. Additionally, there was an increase in commercial and consumer loans of $2.59 million and $2.44 million, respectively. These gains were partially offset by a $7.15 million decline in land and construction loans and a $1.74 million decline in multi-family real estate. The growth experienced in the loan portfolio is due to the implementation of our relationship-based banking model and the success of our lenders in competing for new business.

On the funding side, total deposits decreased by $27.74 million to $931.75 million from the third quarter of 2025, primarily in noninterest-bearing demand deposits that decreased by $47.45 million to $266.52 million. The decline is primarily related to year end business account seasonality. The Company had $50.00 million in Federal Home Loan Bank ("FHLB") advances outstanding at December 31, 2025.

Capital levels remain strong, with a Tier 1 Leverage Ratio of 11.39%, well above regulatory minimums. The Company remains well positioned to support continued growth and earnings momentum as the Company heads into 2026.

The Company's outlook remains constructive. During 2025, the Company formed a new wholly owned subsidiary, capitalized through a dividend from the Bank to the Company, which is intended to offer a focused suite of financing solutions, including bridge-to-HUD financing and FHA and HUD insured loan origination for multifamily and healthcare properties. The platform is expected to roll out in 2026, leveraging the Company's established relationships and specialized expertise across skilled nursing, senior housing, and multifamily sectors. Additionally, the Company continues to invest in technology, talent, and targeted growth strategies that reinforce its position as one of the most dynamic and rapidly growing community banks in South Florida. We remain grateful for the trust and partnership of our shareholders, customers, and employees.

The following table presents the Company's quarterly trends of the consolidated financial highlights (unaudited) for the periods presented (see below for a summary of non-GAAP reconciliation):

	Quarterly Trends															4Q25 change vs
(Dollars in thousands except per share amounts)	4Q25			3Q25			2Q25			1Q25			4Q24			3Q25			4Q24
Selected Balance Sheet Data
Total assets	$	1,111,678		$	1,083,043		$	999,127		$	977,468		$	932,933		$	28,635		$	178,745
Total gross loans		958,793			813,722			784,564			800,244			804,240			145,071			154,553
Total deposits		931,750			959,487			878,865			852,934			772,195			(27,737	)		159,555
Earnings Highlights
Net earnings	$	4,853		$	4,323		$	3,602		$	3,870		$	3,949		$	530		$	904
Diluted earnings per share (EPS)	$	0.21		$	0.18		$	0.15		$	0.17		$	0.18		$	0.02		$	0.03
Net interest income	$	11,871		$	11,048		$	10,242		$	9,426		$	9,235		$	823		$	2,636
Performance Ratios
Net interest margin		4.39	%		4.37	%		4.32	%		4.06	%		4.19	%		0.02	%		0.20		%
Net interest spread		3.11	%		2.98	%		3.08	%		2.87	%		2.90	%		0.13	%		0.21		%
Cost of interest-bearing liabilities		3.34	%		3.48	%		3.49	%		3.59	%		4.02	%		(0.14	)%		(0.68		)%
Efficiency ratio		49.59	%		50.68	%		51.18	%		52.79	%		42.53	%		(1.09	)%		7.05		%
Net loan-to-deposit ratio		101.67	%		83.67	%		88.13	%		92.77	%		102.95	%		18.00	%		(1.28		)%
Return on (annualized)
Average assets (ROAA)		1.77	%		1.68	%		1.48	%		1.62	%		1.62	%		0.09	%		0.15		%
Average equity (ROAE)		16.23	%		15.17	%		13.10	%		14.66	%		16.19	%		1.08	%		0.04		%
Average tangible assets (ROTA)		1.77	%		1.68	%		1.48	%		1.62	%		1.62	%		0.09	%		0.15		%
Pre-tax pre-provision net revenue (PPNR)	$	6,855		$	6,426		$	5,895		$	5,031		$	5,921		$	429		$	934
Other Operating Measures
Common shares outstanding		11,533,943			11,883,943			11,751,082			11,751,082			11,636,092			(350,000	)		(102,149		)
Non-diluted tangible book value per share	$	10.57		$	9.84		$	9.48		$	9.19		$	8.87		$	0.73		$	1.71
Fully diluted shares outstanding		23,523,473			23,523,473			23,390,612			23,390,612			23,275,622			0			247,851
Fully diluted tangible book value per share	$	5.18		$	4.97		$	4.76		$	4.62		$	4.43		$	0.21		$	0.75
Tangible common equity to tangible assets		10.97	%		10.79	%		11.14	%		11.05	%		11.06	%		0.17	%		(0.11	)	%
Tier 1 Leverage Ratio		11.39	%		11.71	%		11.89	%		11.71	%		10.91	%		(0.31	)%		0.49		%

Financial Results

Statement of Earnings

Net earnings were $4.85 million for the fourth quarter of 2025, compared to net earnings of $4.32 million for the third quarter of 2025, and $3.95 million for the fourth quarter of 2024. The increase from the third quarter of 2025 was primarily due to an increase in net interest income to $11.87 million, compared to $11.05 million in the third quarter.

Total interest income was $17.44 million for the fourth quarter of 2025, compared to $16.32 million in the third quarter of 2025 and $15.64 million in the fourth quarter of 2024. The sequential growth was driven by a $1.36 million increase in interest income from loans. Compared to the third quarter of 2025, the increase was primarily due to a $76.25 million increase in average loan balances.

The following table depicts the components of interest income (unaudited) for the quarterly periods presented:

	Quarterly Trends										4Q25 change vs
(Dollars in thousands)	4Q25		3Q25		2Q25		1Q25		4Q24		3Q25			4Q24
Interest income
Loans	$	15,437	$	14,082	$	14,026	$	13,601	$	13,679	$	1,355		$	1,758
Debt securities		164		153		158		160		154		11			10
Other		1,837		2,086		1,404		1,246		1,809		(249	)		28
Total interest income	$	17,438	$	16,321	$	15,588	$	15,007	$	15,642	$	1,117		$	1,796

Interest expense totalled $5.57 million for the fourth quarter of 2025, compared to $5.27 million for the third quarter of 2025 and $6.41 million for the fourth quarter of 2024. Compared to the third quarter of 2025, the increase in interest expense was primarily attributable to a $60.00 million increase in total interest-bearing liability balances, partially offset by a 14-basis point decrease in the cost of interest-bearing liabilities, from 3.48% to 3.34%. Compared to the fourth quarter of 2024, the decrease in rates paid was substantial, with a 60-basis point decrease in the cost of interest-bearing liabilities, from 3.94% to 3.34% primarily from lower interest rates paid on deposits and borrowings.

Net interest income was $11.87 million in the fourth quarter of 2025, up from $11.05 million in the third quarter of 2025 and $9.24 million in the fourth quarter of 2024. The quarter-over-quarter increase was driven by growth in the average interest-earning assets of $70.11 million, and the lower cost on interest bearing liabilities. On a year-over-year basis, the growth in net interest income was primarily attributable to a $91.57 million increase in average loan balances and a $38.08 million increase in average interest-earning deposits with banks balances, further supported by lower funding costs.

Net interest margin expanded to 4.39% for the fourth quarter of 2025, compared to 4.37% and 3.87% for the third and fourth quarters of 2025 and 2024, respectively. Compared to the third quarter of 2025, net interest margin increased by two basis points, primarily driven by the decrease in interest-bearing liabilities cost. Compared to the fourth quarter of 2024, net interest margin increased by 60 basis points, primarily attributable to a decrease in the cost of interest-bearing liabilities.

The cost of interest-bearing liabilities was 3.34% in the fourth quarter of 2025, down from 3.48% in the third quarter of 2025 and down from 3.94% in the fourth quarter of 2024. The decrease from the third quarter of 2025 was primarily due to a decrease in yields in the NOW, money market, and time deposit portfolios. Compared to the same quarter last year, the cost of interest-bearing liabilities decreased substantially by 60 basis points. This reduction was due to a decrease in yields across the deposit portfolio with disciplined pricing following rate reductions.

Credit loss expense was $0.40 million during the fourth quarter of 2025, compared to $0.76 million in the third quarter of 2025, and $0.61 million for the fourth quarter of 2024. The decrease in credit loss expense from the third quarter was primarily attributable to improvements in the credit quality of the loan portfolio and the evaluation of factors used to determine the credit loss. Gross charge-offs remained modest at $201,000, while recoveries totalled $67,000, resulting in net charge-offs of $134,000 during the fourth quarter of 2025. The Company's allowance for credit losses stood at $10.27 million, or 1.07% of total loans, as of December 31, 2025.

Noninterest income totalled $1.73 million for the fourth quarter of 2025, down from $1.98 million in the prior quarter and up from $1.07 million in the fourth quarter of 2024. The quarter-over-quarter decrease of $0.26 million was primarily driven by fewer loan prepayment fees. Compared to the same quarter last year, the $0.66 million increase in noninterest income related to increases in wire transfers, ACH fees on deposit payment transactions, and gains on the sale of SBA loans.

Noninterest expenses totalled $6.74 million for the fourth quarter of 2025, compared to $6.60 million in the third quarter of 2025 and $4.38 million in the fourth quarter of 2024. Compared to the fourth quarter of 2024, the increase of $2.36 million includes increases of $1.53 million, $0.22 million, and $0.67 million in employee compensation expenses, data processing, and deposit operation expenses, respectively.

Regarding the $0.14 million increase in noninterest expenses when compared to the prior quarter, this was primarily due to higher other expenses, primarily in marketing expenses related to the Company's 25^th anniversary client appreciation event held in Q4 2025. This was partially offset by lower salaries and employee benefit expense compared to the prior quarter, the result of year end incentive compensation adjustments.

The following table depicts the components of noninterest expenses (unaudited) for the quarterly periods presented:

	Quarterly Trends										4Q25 change vs
(Dollars in thousands)	4Q25		3Q25		2Q25		1Q25		4Q24		3Q25			4Q24
Noninterest expenses
Salaries and employee benefits		3,672		4,004		3,738		3,381		2,145		(332	)		1,527
Professional fees		333		276		275		247		374		57			(41	)
Occupancy and equipment		328		327		294		282		243		1			85
Data processing		794		788		625		533		570		6			224
Regulatory assessment		161		126		202		198		204		35			(43	)
Losses on sale and write-downs of other real estate owned		54		-		-		-		-		54			54
Other		1,401		1,083		1,047		985		846		318			555
Total noninterest expenses		6,743		6,604		6,181		5,626		4,382		139			2,361

Income tax expense was $1.60 million for the fourth quarter of 2025 compared $1.34 million in the third quarter of 2025 and $1.36 million in the fourth quarter of 2024. The effective tax rate for the quarter was 24.8%, compared to 23.7% in the prior quarter and 25.6% from the prior year comparative quarter.

Balance Sheet

Total assets were $1.11 billion as of December 31, 2025, increasing from $1.08 billion at September 30, 2025, and up from $932.93 million at December 31, 2024. The quarter-over-quarter growth of $28.64 million was primarily attributable to a $144.48 million increase in net loans, partially offset by a $120.53 million decrease in cash and cash equivalents.

Cash and cash equivalents at December 31, 2025, was $114.56 million, which decreased from $235.09 million at September 30, 2025, and increased from $93.63 million at December 31, 2024. The decrease quarter-over-quarter was primarily driven by the growth in loans.

Investment securities (debt securities available for sale and held-to-maturity) at December 31, 2025, were $25.40 million, compared to $23.17 million at September 30, 2025, and $23.05 million at December 31, 2024. No sales of debt securities were reported during these periods.

Total gross loans at December 31, 2025, were $958.79 million, an increase from $813.72 million at September 30, 2025, and up from $804.24 million at December 31, 2024. Gross loans increased during the quarter reflecting growth in commercial real estate, residential real estate, commercial, and consumer loans. Compared to December 31, 2024, the gross loan portfolio increased by $154.55 million, reflecting growth primarily in commercial real estate.

The allowance for credit losses ("ACL") was $10.27 million as of December 31, 2025, representing 1.07% of total loans, decreasing from 1.23% at September 30, 2025, and up from $10.02 million and $8.66 million at September 30, 2025, and December 31, 2024, respectively. The quarter-over-quarter increase of $0.26 million was primarily driven by the growth in the loan portfolio. The increase was partially offset by net charge-offs of $134,000, as gross charge-offs remained modest at $201,000 and recoveries totalled $67,000. The ACL ratio reflects continued credit discipline and a well-diversified loan portfolio.

The following table presents the components of the ACL (unaudited) as of the dates indicated:

																December 31, 2025 change vs
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			December 31,
(Dollars in thousands)	2025			2025			2025			2025			2024			2025			2024
Beginning balance	$	10,018		$	9,338		$	8,270		$	8,660		$	8,337		$	680		$	1,681
Credit loss expense (reversal) - funded		389			639			1,043			(144	)		569			(250	)		(180	)
Charge-offs		(201	)		(129	)		(72	)		(325	)		(336	)		(72	)		135
Recoveries		67			170			97			79			90			(103	)		(23	)
Ending balance	$	10,273		$	10,018		$	9,338		$	8,270		$	8,660		$	255		$	1,613

Nonaccrual loans totalled $2.90 million at December 31, 2025, compared to $2.98 million at September 30, 2025, and $7.58 million at December 31, 2024. The decrease from the prior year was primarily due to a decrease in land and construction, and consumer nonaccrual loans of $6.20 million, offset by a $1.52 million increase in nonaccrual commercial loans during the year. There were no loans 90 days or more past due and still accruing interest as of December 31, 2025. Additionally, the Company did not report any modified loans to borrowers experiencing financial difficulty during the fourth quarter of 2025.

Nonperforming assets (NPA) reflected strong asset quality at September 30, 2025. Nonaccrual loans decreased to $2.90 million from $7.58 million at December 31, 2024. The Company reported one real estate owned ("OREO") property totalling $0.55 million that was transferred to other assets related to a previously reported nonaccrual consumer loan.

Total deposits at December 31, 2025, were $931.75 million, a decrease from $959.49 million at September 30, 2025, and an increase from $772.20 million at December 31, 2024. The decrease from September 30, 2025, was attributable to a decrease in noninterest-bearing demand deposits, savings, NOW, and money-market deposits, partially offset by increases in time deposits. The increase from December 31, 2024 was attributable to increases in all deposit categories, most notably a 27.09% increase in time deposits and a 25.21% increase in noninterest-bearing demand deposits. The Company continues to maintain a diverse and stable funding base.

Accumulated other comprehensive loss (AOCL) was $4.60 million at December 31, 2025, compared to $4.75 million at September 30, 2025, and $5.57 million at December 31, 2024. The unrealized loss in AOCL improved by $0.16 million quarter-over-quarter, primarily due to the decline in long-term interest rates impacting the fair value of available-for-sale securities. Year-over-year, AOCL improved by $0.97 million, reflecting the net impact of favourable fair value changes over the trailing twelve months, resulting in unrealized gains. All AOCL amounts represent unrealized gains and losses, net of applicable income taxes, and have no impact on reported earnings.

Shareholders' equity was $121.90 million as of December 31, 2025, compared to $116.89 million as of September 30, 2025, and $103.18 million as of December 31, 2024. The fourth quarter increase was principally attributable to fourth quarter net earnings of $4.85 million, and a decrease in accumulated other comprehensive loss.

Tangible book value per share at December 31, 2025, was $10.57, up from $9.84 at September 30, 2025, and $8.87 at December 31, 2024. This non-diluted measure is based on common shares outstanding, which were 11,533,943 at December 31, 2025 (down from 11,883,943 at September 30, 2025, and down from 11,636,112 at December 30, 2024).

Although GAAP accounting generally presents book value based on common shares outstanding, the Company believes a more comprehensive measure of shareholder value is on a fully diluted basis.

On a fully diluted basis, tangible book value per share was $5.18 at December 31, 2025, up from $4.97 at September 30, 2025, and $4.43 at December 31, 2024. This is based on fully diluted shares outstanding of 23,523,473 at December 31, 2025 (consistent with 23,523,473 at September 30, 2025, and up from 23,275,622 at December 31, 2024).

The increase in both non-diluted and fully diluted tangible book value per share reflects strong quarterly earnings performance and overall capital strength.

FORWARD-LOOKING STATEMENTS

Certain statements made in this report which are not statements of historical fact are forward-looking statements within the meaning of, and subject to the protection of, the federal securities laws. Forward looking statements include, among others, statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance and involve known and unknown risks, many of which are beyond our control and which may our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements made in this report. You can identify forward-looking statements through our use of words such as "believes," "anticipates," "expects," "may," "will," "assumes," "should," "predicts," "could," "should," "would," "intends," "targets," "estimates," "projects," "plans," "potential" and other similar words and expressions. Forward-looking statements are based on our current beliefs and expectations and are subject to significant risks and uncertainties. Accordingly, we caution you not to place undue reliance on such statements. We undertake no obligation to update or revise any of our forward-looking statements for events or circumstances that arise after the statement is made, except as otherwise may be required by law.

Investor Relations & Corporate Relations

Contact: Seth Denison

Telephone: (305) 401-4140

Email: SDenison@OptimumBank.com

OptimumBank Holdings, Inc.

Consolidated Balance Sheets (Unaudited)

(Dollars in thousands)

																December 31, 2025 change vs
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			December 31,
	2025			2025			2025			2025			2024			2025			2024
Assets
Cash and due from banks	$	9,349		$	9,271		$	8,833		$	13,542		$	13,982		$	78		$	(4,633	)
Interest-bearing deposits with banks		105,210			225,815			172,921			129,914			79,648			(120,605	)		25,562
Total cash and cash equivalents		114,559			235,086			181,754			143,456			93,630			(120,527	)		20,929
Debt securities available for sale		25,184			22,926			22,378			23,043			22,773			2,258			2,411
Debt securities held-to-maturity		214			246			260			269			281			(32	)		(67	)
Loans, net of allowance for credit losses		947,294			802,812			774,548			791,232			794,985			144,482			152,309
Federal Home Loan Bank stock		3,028			658			658			1,128			2,929			2,370			99
Premises and equipment, net		2,490			2,308			2,426			2,249			2,062			182			428
Other real estate owned		551			-			-			-			-			551			551
Right-of-use lease assets		2,617			2,725			2,552			2,647			2,679			(108	)		(62	)
Accrued interest receivable		3,621			3,171			3,138			3,287			3,348			450			273
Deferred tax asset		3,108			3,238			3,135			2,777			3,001			(130	)		107
Other assets		9,012			9,873			8,278			7,380			7,245			(861	)		1,767
Total assets	$	1,111,678		$	1,083,043		$	999,127		$	977,468		$	932,933		$	28,635		$	178,745
Liabilities and Stockholders' Equity
Liabilities
Noninterest-bearing demand deposits	$	266,520		$	313,973		$	259,816		$	235,779		$	211,900		$	(47,453	)	$	54,620
Savings, NOW and money-market deposits		306,921			309,087			300,907			289,768			278,355			(2,166	)		28,566
Time deposits		358,309			336,427			318,142			327,387			281,940			21,882			76,369
Total deposits		931,750			959,487			878,865			852,934			772,195			(27,737	)		159,555

Federal Home Loan Bank advances		50,000			-			-			10,000			50,000			50,000			-

Operating lease liabilities		2,745			2,846			2,661			2,746			2,774			(101	)		(29	)
Other liabilities		5,286			3,822			6,253			3,785			4,780			1,464			506
Total liabilities		989,781			966,155			887,779			869,465			829,749			23,626			160,032
Stockholders' equity
Preferred stock:
Series B Convertible Preferred		-			-			-			-			-			-			-
Series C Convertible Preferred		-			-			-			-			-			-			-
Common stock		115			119			118			118			116			(4	)		(1	)
Additional paid-in capital		112,578			112,574			112,010			112,015			111,485			4			1,093
Retained earnings (accumulated deficit)		13,801			8,948			4,625			1,023			(2,847	)		4,853			16,648
Accumulated other comprehensive loss		(4,597	)		(4,753	)		(5,405	)		(5,153	)		(5,570	)		156			973
Total stockholders' equity		121,897			116,888			111,348			108,003			103,184			5,009			18,713
Total liabilities and stockholders' equity	$	1,111,678		$	1,083,043		$	999,127		$	977,468		$	932,933		$	28,635		$	178,745

OptimumBank Holdings, Inc.

Consolidated Statements of Earnings - Quarterly (Unaudited)

(Dollars in thousands, except per share amounts)

	Quarterly Trends											4Q25 change vs
	4Q25		3Q25		2Q25		1Q25			4Q24		3Q25			4Q24
Interest income
Loans	$	15,437	$	14,082	$	14,026	$	13,601		$	13,679	$	1,355		$	1,758
Debt securities		164		153		158		160			154		11			10
Other		1,837		2,086		1,404		1,246			1,809		(249	)		28
Total interest income		17,438		16,321		15,588		15,007			15,642		1,117			1,796

Interest expense
Deposits		5,561		5,273		5,322		5,278			6,005		288			(444	)
Borrowings		6		-		24		303			402		6			(396	)
Total interest expense		5,567		5,273		5,346		5,581			6,407		294			(840	)

Net interest income		11,871		11,048		10,242		9,426			9,235		823			2,636

Credit loss expense (reversal)		398		763		1,040		(165	)		613		(365	)		(215	)
Net interest income after credit loss expense (reversal)		11,473		10,285		9,202		9,591			8,622		458			2,421

Noninterest income
Service charges and fees		1,268		1,252		1,099		1,038			958		16			310
Other		459		730		735		193			110		(271	)		349
Total noninterest income		1,727		1,982		1,834		1,231			1,068		(255	)		659

Noninterest expenses
Salaries and employee benefits		3,672		4,004		3,738		3,381			2,145		(332	)		1,527
Professional fees		333		276		275		247			374		57			(41	)
Occupancy and equipment		328		327		294		282			243		1			85
Data processing		794		788		625		533			570		6			224
Regulatory assessment		161		126		202		198			204		35			(43	)
Losses on sale and write-downs of other real estate owned		54		-		-		-			-		54			54
Other		1,401		1,083		1,047		985			846		318			555
Total noninterest expenses		6,743		6,604		6,181		5,626			4,382		139			2,361

Net earnings before income taxes		6,457		5,663		4,855		5,196			5,308		794			1,149

Income taxes		1,604		1,340		1,253		1,326			1,359		264			245
Net earnings	$	4,853	$	4,323	$	3,602	$	3,870		$	3,949	$	530		$	904

Net earnings per share - Basic	$	0.42	$	0.37	$	0.31	$	0.33		$	0.38	$	0.05		$	0.04
Net earnings per share - Diluted	$	0.21	$	0.18	$	0.15	$	0.17		$	0.18	$	0.02		$	0.03

OptimumBank Holdings, Inc.

Consolidated Statements of Earnings - Year-to-Date (Unaudited)

(Dollars in thousands, except per share amounts)

	Twelve Months Ended
	December 31,
	2025		2024		Change
Interest income
Loans	$	57,146	$	52,051	$	5,095
Debt securities		635		652		(17	)
Other		6,573		6,926		(353	)
Total interest income		64,354		59,629		4,725

Interest expense
Deposits		21,434		22,963		(1,529	)
Borrowings		333		1,976		(1,643	)
Total interest expense		21,767		24,939		(3,172	)

Net interest income		42,587		34,690		7,897

Credit loss expense		2,036		2,222		(186	)
Net interest income after credit loss expense		40,551		32,468		8,083

Noninterest income
Service charges and fees		4,657		3,780		877
Other		2,117		843		1,274
Total noninterest income		6,774		4,623		2,151

Noninterest expenses
Salaries and employee benefits		14,795		11,103		3,692
Professional fees		1,131		1,073		58
Occupancy and equipment		1,231		884		347
Data processing		2,740		2,273		467
Regulatory assessment		687		799		(112	)
Losses on sale and write-downs of other real estate owned		54		-		54
Other		4,516		3,328		1,188
Total noninterest expenses		25,154		19,460		5,694

Net earnings before income taxes		22,171		17,631		4,540

Income taxes		5,523		4,507		1,016
Net earnings	$	16,648	$	13,124	$	3,524

Net earnings per share - Basic	$	1.42	$	1.39	$	0.04
Net earnings per share - Diluted	$	0.71	$	0.63	$	0.08

OptimumBank Holdings, Inc.

Consolidated Average Balances, Interest Income and Expenses, Yields and Rates (QTD) (Unaudited)

(Dollars in thousands, except average yields/rates)

	4Q25							3Q25							4Q24
			Interest		Average					Interest		Average					Interest		Average
	Average		and		Yield/			Average		and		Yield/			Average		and		Yield/
	Balance		Dividends		Rate⁽¹⁾			Balance		Dividends		Rate⁽¹⁾			Balance		Dividends		Rate⁽¹⁾
Interest-earning assets
Loans	$	876,581	$	15,437		7.04	%	$	800,336	$	14,082		7.04	%	$	785,007	$	13,679		6.97	%
Securities		24,192		164		2.71	%		22,695		153		2.70	%		23,912		154		2.58	%
Other interest-earning assets (2)		180,474		1,837		4.07	%		188,109		2,086		4.44	%		145,392		1,809		4.98	%

Total interest-earning assets/interest income		1,081,247		17,438		6.45	%		1,011,140		16,321		6.46	%		954,311		15,642		6.56	%

Cash and due from banks		8,285							9,557							13,711
Premises and equipment		2,444							2,414							2,033
Other		4,972							5,209							7,690

Total assets	$	1,096,948						$	1,028,320						$	977,745

Interest-bearing liabilities
Savings, NOW and money-market deposits	$	303,184	$	1,713		2.26	%	$	286,156	$	1,800		2.52	%	$	318,945	$	2,297		2.88	%
Time deposits		363,225		3,848		4.24	%		320,800		3,473		4.33	%		290,748		3,707		5.10	%
Borrowings (3)		543		5		3.97	%				-		4.32	%		40,111		402		4.01	%

Total interest-bearing liabilities/interest expense		666,952		5,567		3.34	%		606,956		5,273		3.48	%		649,804		6,406		3.94	%

Noninterest-bearing demand deposits		301,812							298,670							222,258
Other liabilities		8,606							8,687							8,114
Stockholders' equity		119,578							114,007							97,569

Total liabilities and stockholders' equity	$	1,096,948						$	1,028,320						$	977,745

Net interest income			$	11,871						$	11,048						$	9,236

Interest rate spread (4)						3.11	%						2.98	%						2.61	%

Net interest margin (5)						4.39	%						4.37	%						3.87	%

Ratio of average interest-earning assets to average interest-bearing liabilities		1.62							1.67							1.47

(1	)	Annualized.
(2	)	Includes interest-earning deposits with banks, Federal Funds Sold and Federal Home Loan Bank stock dividends.
(3	)	Includes Federal Home Loan Bank and Federal Reserve Bank advances.
(4	)	Interest rate spread represents the difference between average yield on interest-earning assets and the average cost of interest-bearing liabilities.
(5	)	Net interest margin is net interest income divided by average interest-earning assets.

OptimumBank Holdings, Inc.

Consolidated Average Balances, Interest Income and Expenses, Yields and Rates (YTD) (Unaudited)

(Dollars in thousands, except average yields/rates)

	Year Ended December 31,
	2025							2024
			Interest		Average					Interest		Average
	Average		and		Yield/			Average		and		Yield/
	Balance		Dividends		Rate⁽¹⁾			Balance		Dividends		Rate⁽¹⁾
Interest-earning assets
Loans	$	819,233	$	57,146		6.98	%	$	753,904		52,051		6.90	%
Securities		23,137		635		2.74	%		23,903		652		2.73	%
Other interest-earning assets (2)		152,496		6,573		4.31	%		127,229		6,926		5.44	%

Total interest-earning assets/interest income		994,866		64,354		6.47	%		905,036		59,629		6.60	%

Cash and due from banks		11,478							13,810
Premises and equipment		2,334							1,798
Other		4,529							6,804
Total assets	$	1,013,207						$	927,448

Interest-bearing liabilities
Savings, NOW and money-market deposits	$	286,701	$	7,006		2.44	%	$	322,507		9,910		3.07	%
Time deposits		331,563		14,428		4.35	%		248,676		13,053		5.25	%
Borrowings (3)		8,747		333		3.81	%		47,312		1,976		4.18	%

Total interest-bearing liabilities/interest expense		627,011		21,767		3.47	%		618,495		24,939		4.03	%

Noninterest-bearing demand deposits		265,551							216,643
Other liabilities		8,368							6,438
Stockholders' equity		112,277							85,872

Total liabilities and stockholders' equity	$	1,013,207						$	927,448

Net interest income			$	42,587						$	34,690

Interest rate spread (4)						3.00	%						2.57	%

Net interest margin (5)						4.28	%						3.83	%

Ratio of average interest-earning assets to average interest-bearing liabilities		1.59							1.46

(1	)	Annualized.
(2	)	Includes interest-earning deposits with banks, Federal Funds Sold and Federal Home Loan Bank stock dividends.
(3	)	Includes Federal Home Loan Bank and Federal Reserve Bank advances.
(4	)	Interest rate spread represents the difference between average yield on interest-earning assets and the average cost of interest-bearing liabilities.
(5	)	Net interest margin is net interest income divided by average interest-earning assets.

OptimumBank Holdings, Inc.

Segments of Loans Analysis (Unaudited)

(Dollars in thousands)

																December 31, 2025 change vs
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			December 31,
	2025			2025			2025			2025			2024			2025			2024
Residential real estate	$	74,018		$	66,723		$	66,602		$	71,638		$	74,064		$	7,295		$	(46	)
Multi-family real estate		65,693			67,435			68,321			63,615			64,001			(1,742	)		1,692
Commercial real estate		666,508			524,865			478,224			482,113			485,671			141,643			180,837
Land and construction		36,212			43,364			61,126			80,338			77,295			(7,152	)		(41,083	)
Commercial		48,196			45,604			50,351			50,585			52,810			2,592			(4,614	)
Consumer		68,166			65,731			59,940			51,955			50,399			2,435			17,767
Total loans		958,793			813,722			784,564			800,244			804,240			145,071			154,553
Deduct:
Net deferred loan fees and costs		(1,227	)		(892	)		(678	)		(742	)		(595	)		(335	)		(632	)
Allowance for credit losses		(10,273	)		(10,018	)		(9,338	)		(8,270	)		(8,660	)		(255	)		(1,613	)
Loans, net	$	947,293		$	802,812		$	774,548		$	791,232		$	794,985		$	144,481		$	152,308

OptimumBank Holdings, Inc.

Allowance for Credit Losses Analysis (Unaudited)

(Dollars in thousands)

																December 31, 2025 change vs
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			December 31,
	2025			2025			2025			2025			2024			2025			2024
Beginning balance	$	10,018		$	9,338		$	8,270		$	8,660		$	8,337		$	680		$	1,681
Credit loss expense (reversal) - funded		389			639			1,043			(144	)		569			(250	)		(180	)
Charge-offs		(201	)		(129	)		(72	)		(325	)		(336	)		(72	)		135
Recoveries		67			170			97			79			90			(103	)		(23	)
Ending balance	$	10,273		$	10,018		$	9,338		$	8,270		$	8,660		$	255		$	1,613

Explanation of Certain Unaudited Non-GAAP Financial Measures

This presentation contains financial information determined by methods other than Generally Accepted Accounting Principles ("GAAP"). Management uses these non-GAAP financial measures in its analysis of the Company's performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company's performance. The Company believes the non-GAAP measures enhance investors' understanding of the Company's business and performance and if not provided would be requested by the investor community. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might define or calculate these measures differently. The Company provides reconciliations between GAAP and these non-GAAP measures. These disclosures should not be considered an alternative to GAAP.

Non-GAAP Reconciliations

Pre-tax, Pre-provision earnings (Unaudited)

(Dollars in thousands)		4Q25		3Q25		2Q25		1Q25			4Q24
Net Earnings (GAAP)	$	4,853	$	4,323	$	3,602	$	3,870		$	3,949
Plus: Income Tax Expense		1,604		1,340		1,253		1,326			1,359
Plus: Credit Loss Expense (Reversal)		398		763		1,040		(165	)		613
Pre-tax, Pre-provision earnings (Non-GAAP)		6,855		6,426		5,895		5,031			5,921

Tangible Book Value Per Common Share and Per Fully Diluted Share (Unaudited)

(Dollars in thousands, except per share amounts)		4Q25		3Q25		2Q25		1Q25		4Q24
Total Stockholders' (GAAP) and Tangible Common Equity	$	121,897	$	116,888	$	111,348	$	108,003	$	103,184
Common Shares Outstanding		11,534		11,884		11,751		11,751		11,636
Effect of conversion of series B preferred shares if converted		11,114		11,114		11,114		11,114		11,114
Effect of conversion of series C preferred shares if converted		876		526		526		526		526
Total Diluted Shares		23,524		23,524		23,391		23,391		23,276

Tangible Book Value per Common Share	$	10.57	$	9.84	$	9.48	$	9.19	$	8.87
Tangible Book Value per Share - Diluted	$	5.18	$	4.97	$	4.76	$	4.62	$	4.43

OptimumBank Holdings, Inc. Financial Performance for the Fourth Quarter of 2025