2020 Q4 Form 10-Q Financial Statement

#000100470220000164 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $92.56M $92.96M $76.89M
YoY Change 20.09% 20.91% 7.71%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.800M $3.700M $3.000M
YoY Change 26.67% 23.33% 0.0%
% of Gross Profit
Operating Expenses $56.79M $43.36M
YoY Change 30.98% 9.67%
Operating Profit
YoY Change
Interest Expense $14.71M $16.17M $13.50M
YoY Change 7.22% 19.85% 36.62%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $43.48M -$7.534M $31.27M
YoY Change 63.28% -124.09% 6.56%
Income Tax $10.42M -$2.608M $6.302M
% Of Pretax Income 23.96% 20.15%
Net Earnings $33.06M -$4.926M $24.97M
YoY Change 41.0% -119.73% 3.74%
Net Earnings / Revenue 35.72% -5.3% 32.48%
Basic Earnings Per Share $0.53 -$0.10 $0.50
Diluted Earnings Per Share $0.54 -$0.10 $0.49
COMMON SHARES
Basic Shares Outstanding 60.38M shares 59.94M shares 50.49M shares
Diluted Shares Outstanding 59.94M shares 50.97M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.319B $1.038B $155.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $130.0M $128.0M $103.7M
YoY Change 26.59% 23.41% -7.66%
Goodwill $500.3M $500.8M $374.5M
YoY Change 33.55% 33.72% 10.78%
Intangibles $23.67M $25.19M $16.61M
YoY Change 51.65% 51.73% -7.51%
Long-Term Investments
YoY Change
Other Assets $6.000M $7.000M $71.00M
YoY Change -88.89% -90.14% 5.97%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $11.45B $11.65B $8.135B
YoY Change 38.83% 43.22% 7.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $23.00M $25.00M $20.00M
YoY Change 21.05% 25.0%
Deferred Revenue
YoY Change
Short-Term Debt $128.0M $143.0M $65.00M
YoY Change 77.78% 120.0% 6.56%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.00M $25.00M $20.00M
YoY Change 21.05% 25.0% -67.21%
LONG-TERM LIABILITIES
Long-Term Debt $235.0M $247.0M $97.00M
YoY Change 142.27% 154.64% -2.02%
Other Long-Term Liabilities $150.0M $148.0M $76.00M
YoY Change 158.62% 94.74% 24.59%
Total Long-Term Liabilities $385.0M $395.0M $173.0M
YoY Change 148.39% 128.32% 8.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.00M $25.00M $20.00M
Total Long-Term Liabilities $385.0M $395.0M $173.0M
Total Liabilities $9.964B $10.19B $6.991B
YoY Change 40.48% 45.76% 7.01%
SHAREHOLDERS EQUITY
Retained Earnings $378.3M $356.4M $343.6M
YoY Change 5.46% 3.72% 19.96%
Common Stock $1.138B $1.138B $840.1M
YoY Change 35.32% 35.43% 10.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.65M $25.65M $28.89M
YoY Change -30.49% -11.21%
Treasury Stock Shares 648.9K shares 648.9K shares 1.246M shares
Shareholders Equity $1.484B $1.462B $1.145B
YoY Change
Total Liabilities & Shareholders Equity $11.45B $11.65B $8.135B
YoY Change 38.83% 43.22% 7.57%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $33.06M -$4.926M $24.97M
YoY Change 41.0% -119.73% 3.74%
Depreciation, Depletion And Amortization $3.800M $3.700M $3.000M
YoY Change 26.67% 23.33% 0.0%
Cash From Operating Activities $5.200M $46.20M $22.50M
YoY Change -71.43% 105.33% -19.64%
INVESTING ACTIVITIES
Capital Expenditures -$5.700M -$5.400M -$1.500M
YoY Change 200.0% 260.0% -61.54%
Acquisitions
YoY Change
Other Investing Activities $520.1M -$76.90M -$97.20M
YoY Change -466.53% -20.88% -253.31%
Cash From Investing Activities $514.3M -$82.30M -$98.80M
YoY Change -457.65% -16.7% -265.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -239.2M 295.1M 77.10M
YoY Change -332.01% 282.75% -139.97%
NET CHANGE
Cash From Operating Activities 5.200M 46.20M 22.50M
Cash From Investing Activities 514.3M -82.30M -98.80M
Cash From Financing Activities -239.2M 295.1M 77.10M
Net Change In Cash 280.3M 259.0M 800.0K
YoY Change -1345.78% 32275.0% -100.76%
FREE CASH FLOW
Cash From Operating Activities $5.200M $46.20M $22.50M
Capital Expenditures -$5.700M -$5.400M -$1.500M
Free Cash Flow $10.90M $51.60M $24.00M
YoY Change -45.77% 115.0% -24.76%

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MarketableSecuritiesUnrealizedGainLoss
-3273000 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
330000 USD
CY2020Q3 us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
214000 USD
CY2019Q3 us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
-108000 USD
us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
12000 USD
us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
-235000 USD
CY2020Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1530000 USD
CY2019Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1431000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
4626000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
4045000 USD
CY2020Q3 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
1425000 USD
CY2019Q3 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
2138000 USD
us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
7964000 USD
us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
3223000 USD
CY2020Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
266000 USD
CY2019Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
99000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
310000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
520000 USD
CY2020Q3 us-gaap Noninterest Income
NoninterestIncome
8179000 USD
CY2019Q3 us-gaap Noninterest Income
NoninterestIncome
11543000 USD
us-gaap Noninterest Income
NoninterestIncome
33306000 USD
us-gaap Noninterest Income
NoninterestIncome
30934000 USD
CY2020Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
29012000 USD
CY2019Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
21276000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
86832000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
67394000 USD
CY2020Q3 us-gaap Occupancy Net
OccupancyNet
5270000 USD
CY2019Q3 us-gaap Occupancy Net
OccupancyNet
4159000 USD
us-gaap Occupancy Net
OccupancyNet
15814000 USD
us-gaap Occupancy Net
OccupancyNet
13088000 USD
CY2020Q3 us-gaap Equipment Expense
EquipmentExpense
1906000 USD
CY2019Q3 us-gaap Equipment Expense
EquipmentExpense
2062000 USD
us-gaap Equipment Expense
EquipmentExpense
5831000 USD
us-gaap Equipment Expense
EquipmentExpense
5944000 USD
CY2020Q3 us-gaap Marketing Expense
MarketingExpense
963000 USD
CY2019Q3 us-gaap Marketing Expense
MarketingExpense
562000 USD
us-gaap Marketing Expense
MarketingExpense
2485000 USD
us-gaap Marketing Expense
MarketingExpense
2629000 USD
CY2020Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1212000 USD
CY2019Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
297000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
3012000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1931000 USD
CY2020Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
4517000 USD
CY2019Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3398000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
12843000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
10736000 USD
CY2020Q3 ocfc Check Card Processing
CheckCardProcessing
1385000 USD
CY2019Q3 ocfc Check Card Processing
CheckCardProcessing
1639000 USD
ocfc Check Card Processing
CheckCardProcessing
3951000 USD
ocfc Check Card Processing
CheckCardProcessing
4399000 USD
CY2020Q3 us-gaap Professional Fees
ProfessionalFees
3354000 USD
CY2019Q3 us-gaap Professional Fees
ProfessionalFees
2580000 USD
us-gaap Professional Fees
ProfessionalFees
8339000 USD
us-gaap Professional Fees
ProfessionalFees
5697000 USD
CY2020Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3644000 USD
CY2019Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3902000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
12708000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
11153000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1538000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1009000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4660000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3029000 USD
CY2020Q3 ocfc Branch Consolidation Expense
BranchConsolidationExpense
830000 USD
CY2019Q3 ocfc Branch Consolidation Expense
BranchConsolidationExpense
1696000 USD
ocfc Branch Consolidation Expense
BranchConsolidationExpense
4287000 USD
ocfc Branch Consolidation Expense
BranchConsolidationExpense
8782000 USD
CY2020Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3156000 USD
CY2019Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
777000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
14753000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6761000 USD
CY2020Q3 us-gaap Operating Expenses
OperatingExpenses
56787000 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
43357000 USD
us-gaap Operating Expenses
OperatingExpenses
175515000 USD
us-gaap Operating Expenses
OperatingExpenses
141543000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7534000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31273000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
37559000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
80727000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2608000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6302000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7314000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15603000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-4926000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
24971000 USD
us-gaap Net Income Loss
NetIncomeLoss
30245000 USD
us-gaap Net Income Loss
NetIncomeLoss
65124000 USD
CY2020Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1093000 USD
CY2019Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1093000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6019000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24971000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29152000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
65124000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.30
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59935000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50491000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59901000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50242000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59935000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50966000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60076000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50830000 shares
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-4926000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
24971000 USD
us-gaap Net Income Loss
NetIncomeLoss
30245000 USD
us-gaap Net Income Loss
NetIncomeLoss
65124000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-461000 USD
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
164000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1644000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1723000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax
108000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax
124000 USD
us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax
336000 USD
us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax
372000 USD
CY2020Q3 us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax
-168000 USD
CY2019Q3 us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax
0 USD
us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax
-168000 USD
us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax
0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-185000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
288000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2148000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2095000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5111000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
25259000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32393000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
67219000 USD
CY2020Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1093000 USD
CY2019Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1093000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2020Q3 ocfc Comprehensive Income Loss Available For Common Stockholders
ComprehensiveIncomeLossAvailableForCommonStockholders
-6204000 USD
CY2019Q3 ocfc Comprehensive Income Loss Available For Common Stockholders
ComprehensiveIncomeLossAvailableForCommonStockholders
25259000 USD
ocfc Comprehensive Income Loss Available For Common Stockholders
ComprehensiveIncomeLossAvailableForCommonStockholders
31300000 USD
ocfc Comprehensive Income Loss Available For Common Stockholders
ComprehensiveIncomeLossAvailableForCommonStockholders
67219000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1137295000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
24971000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
288000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
538000 USD
CY2019Q3 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
381000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8639000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
350000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10656000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1144528000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1476434000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1250000 USD
CY2020Q3 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
258000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10136000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
296000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-184000 USD
CY2020Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1093000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1461714000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1039358000 USD
us-gaap Net Income Loss
NetIncomeLoss
65124000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2095000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3140000 USD
us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
1182000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
25943000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1145000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
18054000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1144528000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1153119000 USD
us-gaap Net Income Loss
NetIncomeLoss
30245000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2148000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3729000 USD
us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
866000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
30630000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1174000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
14814000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
55529000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
1093000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1461714000 USD
us-gaap Net Income Loss
NetIncomeLoss
30245000 USD
us-gaap Net Income Loss
NetIncomeLoss
65124000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
6291000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
6448000 USD
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
866000 USD
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1182000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3729000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3140000 USD
ocfc Tax Expense Benefit From Shared Based Compensation
TaxExpenseBenefitFromSharedBasedCompensation
-123000 USD
ocfc Tax Expense Benefit From Shared Based Compensation
TaxExpenseBenefitFromSharedBasedCompensation
243000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
65000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
33000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-2126000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-2387000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
355000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
161000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4660000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3029000 USD
us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome
15802000 USD
us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome
10588000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-1135000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-1028000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
55332000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1281000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
101000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-20000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
4193000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
7289000 USD
us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
-6000 USD
us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
27000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-3220000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
330000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1930000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
15000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
113708000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
912000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
134907000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
1007000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
4626000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
4045000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-5000 USD
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
14836000 USD
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
462000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
99000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
336000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2301000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
27786000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
71285000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
34110000 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
97292000 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
16858000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
127537000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
81982000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
654461000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
92658000 USD
ocfc Proceeds From Sale Of High Risk Loans
ProceedsFromSaleOfHighRiskLoans
71604000 USD
ocfc Proceeds From Sale Of High Risk Loans
ProceedsFromSaleOfHighRiskLoans
5901000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
0 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
101674000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
57487000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
35106000 USD
ocfc Paymentsto Acquire Heldtomaturity Securities Excluding Mortgage Backed Securities
PaymentstoAcquireHeldtomaturitySecuritiesExcludingMortgageBackedSecurities
651000 USD
ocfc Paymentsto Acquire Heldtomaturity Securities Excluding Mortgage Backed Securities
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us-gaap Basis Of Accounting
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Basis of Presentation<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc., and the Bank’s wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., and its wholly-owned subsidiary OceanFirst Management Corp., and its wholly-owned subsidiary OceanFirst Realty Corp., OceanFirst Services, LLC and its wholly-owned subsidiary Hooper Holdings, LLC., TRREO Holdings LLC, Casaba Real Estate Holdings Corporation, Cohensey Bridge, L.L.C., Prosperis Financial, LLC, CBNJ Investments Corp., Country Property Holdings, Inc., and TRCB Investment Corp. All significant intercompany accounts and transactions have been eliminated in consolidation.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The interim consolidated financial statements reflect all normal and recurring adjustments which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three and nine months ended September 30, 2020 are not necessarily indicative of the results of operations that may be expected for the full year 2020. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition and the results of operations for the period. Actual results could differ from these estimates.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”).</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Recently Adopted Accounting Pronouncements</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments (Topic 326).” This ASU significantly changed how entities measure credit losses for financial assets and certain other instruments that are measured at amortized cost. The standard replaced the “incurred loss” approach with an “expected loss” model, which necessitates a forecast of lifetime losses. The new model, referred to as the CECL model, applies to: (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, held-to-maturity securities, loan commitments, and financial guarantees. The CECL model does not apply to available-for-sale (“AFS”) debt securities. The ASU simplifies the accounting model for purchased credit-impaired debt securities and loans. The standard’s provisions are to be applied as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach). </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company adopted <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmQ3NTA5ZmJiOWRmMjRmMWFhY2M1ZGE2MDY2ZDY0OWMzL3NlYzpkNzUwOWZiYjlkZjI0ZjFhYWNjNWRhNjA2NmQ2NDljM183OS9mcmFnOjNiNzc5NTAxZTA0ODQ5M2U4ZDA5MGJlMTRmNGY0OGJlL3RleHRyZWdpb246M2I3Nzk1MDFlMDQ4NDkzZThkMDkwYmUxNGY0ZjQ4YmVfMTA5OTUxMTYzNjI2MA_7a5e9d2a-fe07-4825-a03e-8bd8ad46a2e2">ASU 2016-13</span> using the modified retrospective method for all financial assets measured at amortized cost. Results for reporting periods beginning after January 1, 2020 are presented in accordance with ASU 2016-13, or Accounting Standards Codification (“ASC”) 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a net decrease to retained earnings of $4,000, net of tax, as of January 1, 2020 for the cumulative effect of adopting ASC 326. The transition adjustment included a decrease in the allowance for credit losses on loans of $475,000, an increase in the allowance for credit losses on held to maturity debt securities of $1.3 million, and a decrease in the allowance for credit losses on off-balance sheet credit exposures of $788,000.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As allowed by ASC 326, the Company elected not to maintain pools of loans accounted for under ASC 310-30. At December 31, 2019, purchase credit impaired (“PCI”) loans totaled $13.3 million. In accordance with the standard, management did not reassess whether modifications individually acquired financial assets accounted for in pools were troubled debt restructured loans as of the date of adoption. Upon adoption, the Company’s PCI loans were converted to PCD loans as defined by ASC 326. The transition adjustment for the PCI loans to PCD loans resulted in a reclassification of $3.2 million from the specific credit fair value adjustment to the allowance for credit losses on loans.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management estimates the allowance balance 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 expected credit losses. Adjustments to historical loss information are made for 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. At </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">September 30, 2020, the Company utilized the September 15, 2020 forecast, from Oxford Economics, the most recent forecast available as of quarter end, to provide the macroeconomic forecasts for select variables.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment.” This ASU intends to simplify the subsequent measurement of goodwill, eliminating Step 2 from the goodwill impairment test. Instead, an entity should perform its annual goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge by which the carrying amount exceeds the reporting unit’s fair value; however the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The ASU also eliminates the requirement for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment. ASU No. 2017-04 is effective for fiscal years beginning after December 15, 2019. The adoption of this update did not have an impact on the Company’s consolidated financial statements.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820) - Changes to the Disclosure Requirements for Fair Value Measurement.” This ASU updates the disclosure requirements on Fair Value measurements by 1) removing: the disclosures for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels, and the valuation processes for Level 3 fair value measurements; 2) modifying: disclosures for timing of liquidation of an investee’s assets and disclosures for uncertainty in measurement as of reporting date; and 3) adding: disclosures for changes in unrealized gains and losses included in other comprehensive income for recurring level 3 fair value measurements and disclosures for the range and weighted average of the significant unobservable inputs used to develop Level 3 fair value measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, with early adoption permitted to any removed or modified disclosures and delay adoption of additional disclosures until the effective date. With the exception of the following, which should be applied prospectively, disclosures relating to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the disclosures for uncertainty measurement, all other changes should be applied retrospectively to all periods presented upon the effective date. The adoption of this update did not have an impact on the Company’s consolidated financial statements. Refer to Note 7 Fair Value Measurements, for additional information.</span></div>
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247550000 USD
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35010000 USD
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us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
435000 shares
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
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501000 shares
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UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
10000 shares
CY2019Q3 ocfc Unallocated Incentive Award Shares And Shares Held By Deferred Compensation Plan
UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
64000 shares
ocfc Unallocated Incentive Award Shares And Shares Held By Deferred Compensation Plan
UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
13000 shares
ocfc Unallocated Incentive Award Shares And Shares Held By Deferred Compensation Plan
UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
49000 shares
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CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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50491000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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59901000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
475000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
175000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
588000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50966000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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60076000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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2251000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2067000 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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997000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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993000 shares
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3717000 USD
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3000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
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DebtSecuritiesHeldToMaturityNetOfAllowanceForCreditLosses
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29249000 USD
CY2020Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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4444000 USD
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2393000 USD
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1043533000 USD
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AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedGain
32966000 USD
CY2020Q3 ocfc Available For Sale Securities And Held To Maturity Securities Gross Unrealized Loss
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedLoss
4447000 USD
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2393000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
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AvailableForSaleDebtSecuritiesAmortizedCostBasis
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1413000 USD
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93000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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8224000 USD
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9637000 USD
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4002000 USD
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DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
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DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
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OtherComprehensiveIncomeReclassificationOfAccretionOfNetUnrealizedLossesToHeldToMaturitySecurities
9815000 USD
CY2019 ocfc Other Comprehensive Income Reclassification Of Accretion Of Net Unrealized Losses To Held To Maturity Securities
OtherComprehensiveIncomeReclassificationOfAccretionOfNetUnrealizedLossesToHeldToMaturitySecurities
9245000 USD
CY2020Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
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HeldToMaturitySecurities
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DebtSecuritiesAvailableForSaleRealizedGain
244000 USD
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
244000 USD
CY2019Q3 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
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EquitySecuritiesFvNiRealizedGainLoss
0 USD
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
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us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 USD
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0 USD
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MarketableSecuritiesUnrealizedGainLoss
89000 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
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us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
330000 USD
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0 USD
CY2019Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 USD
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
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us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
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EquitySecuritiesFvNiUnrealizedGainLoss
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EquitySecuritiesFvNiUnrealizedGainLoss
89000 USD
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us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
330000 USD
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38500000 USD
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39800000 USD
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180827000 USD
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186965000 USD
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457831000 USD
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PledgedAssetsSeparatelyReportedSecuritiesPledgedForOtherDebtObligationsAtFairValue
475600000 USD
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
17060000 USD
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
17060000 USD
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DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3000 USD
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CY2020Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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755000 USD
CY2020Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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45684000 USD
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HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
3689000 USD
CY2020Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
139445000 USD
CY2020Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
4444000 USD
CY2020Q3 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
110821000 USD
CY2020Q3 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAggregateLosses
758000 USD
CY2020Q3 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
45684000 USD
CY2020Q3 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAggregateLosses
3689000 USD
CY2020Q3 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
156505000 USD
CY2020Q3 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionAggregateLosses
4447000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
25021000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
54000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
22451000 USD
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
39000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
47472000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
93000 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
67314000 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
452000 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
151085000 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
3457000 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
218399000 USD
CY2019Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
3909000 USD
CY2019Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
92335000 USD
CY2019Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAggregateLosses
506000 USD
CY2019Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
173536000 USD
CY2019Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAggregateLosses
3496000 USD
CY2019Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
265871000 USD
CY2019Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionAggregateLosses
4002000 USD
CY2020Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
8000978000 USD
CY2019Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
6214652000 USD
CY2020Q3 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
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CY2019Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
9880000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
56350000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16852000 USD
CY2020Q3 us-gaap Notes Receivable Net
NotesReceivableNet
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CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
6207680000 USD
CY2020Q3 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
1284492000 USD
CY2020Q3 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
1377097000 USD
CY2020Q3 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
879782000 USD
CY2020Q3 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
841628000 USD
CY2020Q3 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
688999000 USD
CY2020Q3 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
2562378000 USD
CY2020Q3 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
366602000 USD
CY2020Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
8000978000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
38509000 USD
CY2020Q3 ocfc Financing Receivable Credit Loss Expense Reversal Including Purchased With Credit Deterioration
FinancingReceivableCreditLossExpenseReversalIncludingPurchasedWithCreditDeterioration
32836000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
15411000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
416000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
56350000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16135000 USD
CY2019Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
305000 USD
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
353000 USD
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
549000 USD
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16636000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16852000 USD
ocfc Financing Receivable Credit Loss Expense Reversal Including Purchased With Credit Deterioration
FinancingReceivableCreditLossExpenseReversalIncludingPurchasedWithCreditDeterioration
50075000 USD
us-gaap Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
2639000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
16964000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1047000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
56350000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16577000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1281000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2359000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1137000 USD
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16636000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
476000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
16376000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16852000 USD
CY2019Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
26510000 USD
CY2019Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
6174877000 USD
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
6201387000 USD
CY2019 ocfc Minimum Amount Of Nonaccrual Business And Commercial Real Estate Loans Evaluated Individually For Impairment
MinimumAmountOfNonaccrualBusinessAndCommercialRealEstateLoansEvaluatedIndividuallyForImpairment
250000 USD
CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
26500000 USD
CY2019Q4 ocfc Specific Reserves On Nonaccrual Troubled Debt Restructurings
SpecificReservesOnNonaccrualTroubledDebtRestructurings
476000 USD
CY2019Q3 ocfc Average Balances Of Impaired Loans
AverageBalancesOfImpairedLoans
31500000 USD
ocfc Average Balances Of Impaired Loans
AverageBalancesOfImpairedLoans
30900000 USD
CY2020Q3 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
42042000 USD
CY2019Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
17849000 USD
CY2019Q4 ocfc Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDueAndStillAccruing
0 USD
CY2020Q3 ocfc Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDueAndStillAccruing
0 USD
CY2020Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
26928000 USD
CY2020Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
41446000 USD
CY2020Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
7959532000 USD
CY2020Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
8000978000 USD
CY2019Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
9286000 USD
CY2019Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
26636000 USD
CY2019Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
6174751000 USD
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
6201387000 USD
CY2020Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
22600000 USD
CY2019Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
24600000 USD
ocfc Non Accrual Troubled Debt Restructurings
NonAccrualTroubledDebtRestructurings
9900000 USD
CY2019 ocfc Non Accrual Troubled Debt Restructurings
NonAccrualTroubledDebtRestructurings
6600000 USD
CY2020Q3 ocfc Specific Reserves On Nonaccrual Troubled Debt Restructurings
SpecificReservesOnNonaccrualTroubledDebtRestructurings
448000 USD
CY2019Q4 ocfc Specific Reserves On Nonaccrual Troubled Debt Restructurings
SpecificReservesOnNonaccrualTroubledDebtRestructurings
476000 USD
CY2020Q3 ocfc Financing Receivable Impaired Troubled Debt Restructuring Performing Loan Amount
FinancingReceivableImpairedTroubledDebtRestructuringPerformingLoanAmount
12800000 USD
CY2019Q4 ocfc Financing Receivable Impaired Troubled Debt Restructuring Performing Loan Amount
FinancingReceivableImpairedTroubledDebtRestructuringPerformingLoanAmount
18000000.0 USD
CY2020Q3 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 SecurityLoan
CY2020Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 USD
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 SecurityLoan
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 USD
CY2019Q3 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 SecurityLoan
CY2019Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 USD
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 SecurityLoan
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 USD
CY2019Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
3183000 USD
CY2018Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
3630000 USD
CY2019Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
0 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
691000 USD
CY2019Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
599000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
1783000 USD
CY2019Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
69000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
115000 USD
CY2019Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
2653000 USD
CY2019Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
2653000 USD
CY2020Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
2240799000 USD
CY2019Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
1377396000 USD
CY2020Q3 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
3317296000 USD
CY2019Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
2539428000 USD
CY2020Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
691872000 USD
CY2019Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
578147000 USD
CY2020Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
1471554000 USD
CY2019Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
898174000 USD
CY2020Q3 us-gaap Time Deposits
TimeDeposits
1561767000 USD
CY2019Q4 us-gaap Time Deposits
TimeDeposits
935632000 USD
CY2020Q3 us-gaap Deposits
Deposits
9283288000 USD
CY2019Q4 us-gaap Deposits
Deposits
6328777000 USD
CY2020Q3 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
544300000 USD
CY2019Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
150600000 USD
CY2020Q3 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
57500000 USD
CY2019Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
13700000 USD
CY2020Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
55700000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
10700000 USD
ocfc Numberof Finance Leases
NumberofFinanceLeases
1 lease
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24843000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18682000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1744000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1534000 USD
CY2020Q3 ocfc Leases Rightof Use Asset
LeasesRightofUseAsset
26587000 USD
CY2019Q4 ocfc Leases Rightof Use Asset
LeasesRightofUseAsset
20216000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
25232000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
18893000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2145000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1953000 USD
CY2020Q3 ocfc Leases Liability
LeasesLiability
27377000 USD
CY2019Q4 ocfc Leases Liability
LeasesLiability
20846000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M20D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y8M8D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y10M6D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0295
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0345
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0563
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0563
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1585000 USD
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
995000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
4898000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
2963000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
43000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
41000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
124000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
234000 USD
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
27000 USD
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
29000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
80000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
147000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
1655000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
1065000 USD
us-gaap Lease Cost
LeaseCost
5102000 USD
us-gaap Lease Cost
LeaseCost
3344000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1756000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
969000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
4808000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2834000 USD
CY2020Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
27000 USD
CY2019Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
29000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
80000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
147000 USD
CY2020Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
47000 USD
CY2019Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
46000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
141000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
217000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
306000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
6188000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
307000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
5634000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
307000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
3547000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
307000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
2813000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
307000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
2471000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
1182000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
8236000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2716000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28889000 USD
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
571000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3657000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2145000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
25232000 USD

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