OptimumBank Holdings Inc. announced financial results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net loss of approximately $57,000, or $0.003 per basic share, compared to a net loss for the same period in the prior year of approximately $1.7 million, or $2.06 per share. The company's 2011 fourth quarter results also significantly improved compared to the previous two quarters. In the quarters ended September 30, 2011 and June 30, 2011, the company recorded net losses of approximately $0.6 million, or $0.69 per basic share and $2.0 million or $2.40 per basic share, respectively. The company reported a net loss of $3.7 million or $0.17 per basic share for the year ended December 31, 2011 compared to a net loss of $8.5 million or $10.32 per basic share for the same period last year. Non-performing assets have been a significant drain on the company's resources for over two years. These assets decreased by approximately $2.1 million during 2011, to $36.3 million at December 31, 2011.