XML 61 R22.htm IDEA: XBRL DOCUMENT v3.24.0.1
Retirement Plans
12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Retirement Plans

(15) Retirement Plans.

 

The Company has a 401(k) Profit Sharing plan covering all eligible employees who are over the age of twenty-one and have completed one year of service. The Company may make a matching contribution each year. The Company matching contributions in connection with this plan during the years ended December 31, 2023 and 2022 was $150,000 and $86,000, respectfully.

 

(continued)

 

 

OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY

 

Notes to Consolidated Financial Statements