2021 Q4 Form 10-K Financial Statement

#000100470222000022 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $342.1M $92.56M
YoY Change -9.88% 20.09%
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 $4.500M $9.357M $3.800M
YoY Change 18.42% 10.69% 26.67%
% of Gross Profit
Operating Expenses $226.9M
YoY Change -7.94%
Operating Profit
YoY Change
Interest Expense $36.75M $14.71M
YoY Change -44.86% 7.22%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $26.70M $142.2M $43.48M
YoY Change -38.6% 75.52% 63.28%
Income Tax $4.100M $32.17M $10.42M
% Of Pretax Income 15.36% 22.61% 23.96%
Net Earnings $22.70M $110.1M $33.06M
YoY Change -31.35% 73.87% 41.0%
Net Earnings / Revenue 32.18% 35.72%
Basic Earnings Per Share $1.79 $0.53
Diluted Earnings Per Share $384.7K $1.78 $0.54
COMMON SHARES
Basic Shares Outstanding 59.42M shares 59.41M shares 60.38M shares
Diluted Shares Outstanding 59.65M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $224.8M $1.319B
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 $143.0M $143.0M $130.0M
YoY Change 10.0% 10.0% 26.59%
Goodwill $500.3M $500.3M
YoY Change 0.0% 33.55%
Intangibles $18.22M $23.67M
YoY Change -23.04% 51.65%
Long-Term Investments
YoY Change
Other Assets $6.000M $6.000M $6.000M
YoY Change 0.0% 0.0% -88.89%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $11.74B $11.74B $11.45B
YoY Change 2.54% 2.55% 38.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $18.00M $18.00M $23.00M
YoY Change -21.74% -21.74% 21.05%
Deferred Revenue
YoY Change
Short-Term Debt $119.0M $119.0M $128.0M
YoY Change -7.03% -7.03% 77.78%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.00M $18.00M $23.00M
YoY Change -21.74% -21.74% 21.05%
LONG-TERM LIABILITIES
Long-Term Debt $229.0M $229.0M $235.0M
YoY Change -2.55% -2.55% 142.27%
Other Long-Term Liabilities $124.0M $124.0M $150.0M
YoY Change -17.33% -17.33% 158.62%
Total Long-Term Liabilities $353.0M $353.0M $385.0M
YoY Change -8.31% -8.31% 148.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.00M $18.00M $23.00M
Total Long-Term Liabilities $353.0M $353.0M $385.0M
Total Liabilities $10.22B $10.22B $9.964B
YoY Change 2.6% 2.6% 40.48%
SHAREHOLDERS EQUITY
Retained Earnings $442.3M $378.3M
YoY Change 16.93% 5.46%
Common Stock $1.147B $1.138B
YoY Change 0.8% 35.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $61.71M $25.65M
YoY Change 140.58% -30.49%
Treasury Stock Shares 2.360M shares 648.9K shares
Shareholders Equity $1.517B $1.517B $1.484B
YoY Change
Total Liabilities & Shareholders Equity $11.74B $11.74B $11.45B
YoY Change 2.54% 2.55% 38.83%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $22.70M $110.1M $33.06M
YoY Change -31.35% 73.87% 41.0%
Depreciation, Depletion And Amortization $4.500M $9.357M $3.800M
YoY Change 18.42% 10.69% 26.67%
Cash From Operating Activities $40.90M $160.0M $5.200M
YoY Change 686.54% 20.59% -71.43%
INVESTING ACTIVITIES
Capital Expenditures -$15.50M $42.04M -$5.700M
YoY Change 171.93% 185.44% 200.0%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$735.8M -$1.436B $520.1M
YoY Change -241.47% 19302.7% -466.53%
Cash From Investing Activities -$751.3M -$1.478B $514.3M
YoY Change -246.08% 6566.25% -457.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $36.06M
YoY Change 143.41%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -72.40M $224.0M -239.2M
YoY Change -69.73% -79.16% -332.01%
NET CHANGE
Cash From Operating Activities 40.90M $160.0M 5.200M
Cash From Investing Activities -751.3M -$1.478B 514.3M
Cash From Financing Activities -72.40M $224.0M -239.2M
Net Change In Cash -782.8M -$1.094B 280.3M
YoY Change -379.27% -192.28% -1345.78%
FREE CASH FLOW
Cash From Operating Activities $40.90M $160.0M $5.200M
Capital Expenditures -$15.50M $42.04M -$5.700M
Free Cash Flow $56.40M $117.9M $10.90M
YoY Change 417.43% 0.0% -45.77%

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14814000 USD
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0 USD
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14257000 USD
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0 USD
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5453000 USD
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6186000 USD
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4027000 USD
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142241000 USD
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81042000 USD
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107358000 USD
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32165000 USD
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470000 USD
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1039000 USD
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1655000 USD
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272000 USD
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310000 USD
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404000 USD
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395000 USD
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446000 USD
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587000 USD
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101000 USD
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0 USD
CY2020 us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss After Tax
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0 USD
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63041000 USD
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3861000 USD
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5415000 USD
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357000 USD
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5453000 USD
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6186000 USD
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21557000 USD
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14094000 USD
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553000 USD
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390000 USD
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3853000 USD
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0 USD
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6000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
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27000 USD
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7145000 USD
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3186000 USD
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21214000 USD
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267000 USD
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8278000 USD
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16000 USD
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5420000 USD
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318000 USD
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21000 USD
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32871000 USD
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16948000 USD
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49896000 USD
CY2020 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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69347000 USD
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11673000 USD
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132656000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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100247000 USD
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301954000 USD
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0 USD
CY2019 us-gaap Payments To Acquire Loans Receivable
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101674000 USD
CY2021 ocfc Payments For Premiums On Purchased Loan Pool
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8874000 USD
CY2020 ocfc Payments For Premiums On Purchased Loan Pool
PaymentsForPremiumsOnPurchasedLoanPool
0 USD
CY2019 ocfc Payments For Premiums On Purchased Loan Pool
PaymentsForPremiumsOnPurchasedLoanPool
0 USD
CY2021 ocfc Proceeds From Sale Of High Risk Loans
ProceedsFromSaleOfHighRiskLoans
825000 USD
CY2020 ocfc Proceeds From Sale Of High Risk Loans
ProceedsFromSaleOfHighRiskLoans
449462000 USD
CY2019 ocfc Proceeds From Sale Of High Risk Loans
ProceedsFromSaleOfHighRiskLoans
5901000 USD
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
510070000 USD
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
77519000 USD
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
60158000 USD
CY2021 ocfc Payments To Acquire Other Held To Maturity Securities
PaymentsToAcquireOtherHeldToMaturitySecurities
447447000 USD
CY2020 ocfc Payments To Acquire Other Held To Maturity Securities
PaymentsToAcquireOtherHeldToMaturitySecurities
224073000 USD
CY2019 ocfc Payments To Acquire Other Held To Maturity Securities
PaymentsToAcquireOtherHeldToMaturitySecurities
4381000 USD
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
86462000 USD
CY2020 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
96519000 USD
CY2019 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
214000 USD
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
103720000 USD
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
43503000 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
29299000 USD
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
38042000 USD
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
53959000 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
43256000 USD
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3000000 USD
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
10598000 USD
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2021 us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
0 USD
CY2020 us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
12450000 USD
CY2019 us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
0 USD
CY2021 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
98777000 USD
CY2020 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
16978000 USD
CY2019 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2021 ocfc Proceedsfrom Maturities Repaymentsand Callsof Debt Securities Fvni Availableforsale
ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale
0 USD
CY2020 ocfc Proceedsfrom Maturities Repaymentsand Callsof Debt Securities Fvni Availableforsale
ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale
306000 USD
CY2019 ocfc Proceedsfrom Maturities Repaymentsand Callsof Debt Securities Fvni Availableforsale
ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale
503000 USD
CY2021 ocfc Principal Repayments On Debt Investment Securities Held To Maturity
PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity
215734000 USD
CY2020 ocfc Principal Repayments On Debt Investment Securities Held To Maturity
PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity
186687000 USD
CY2019 ocfc Principal Repayments On Debt Investment Securities Held To Maturity
PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity
123833000 USD
CY2021 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
12878000 USD
CY2020 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1022000 USD
CY2019 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
870000 USD
CY2021 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
2200000 USD
CY2020 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
78190000 USD
CY2019 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
122535000 USD
CY2021 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
3267000 USD
CY2020 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
59525000 USD
CY2019 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
127794000 USD
CY2021 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
0 USD
CY2020 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
855000 USD
CY2019 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
2060000 USD
CY2021 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
3544000 USD
CY2020 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
1169000 USD
CY2019 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
2353000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42039000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14728000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5075000 USD
CY2021 us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
0 USD
CY2020 us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
0 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
46950000 USD
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-23460000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-59395000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1477842000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22169000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-172122000 USD
CY2021 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
407569000 USD
CY2020 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
1507943000 USD
CY2019 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
65687000 USD
CY2021 ocfc Payments For Sale Of Deposits
PaymentsForSaleOfDeposits
86282000 USD
CY2020 ocfc Payments For Sale Of Deposits
PaymentsForSaleOfDeposits
0 USD
CY2019 ocfc Payments For Sale Of Deposits
PaymentsForSaleOfDeposits
0 USD
CY2021 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-9685000 USD
CY2020 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-226018000 USD
CY2019 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
105979000 USD
CY2021 us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
0 USD
CY2020 us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
525000000 USD
CY2019 us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
80000000 USD
CY2021 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
0 USD
CY2020 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
840200000 USD
CY2019 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
106618000 USD
CY2021 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
0 USD
CY2020 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
122180000 USD
CY2019 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
0 USD
CY2021 ocfc Proceeds From Federal Reserve Bank Term Advances
ProceedsFromFederalReserveBankTermAdvances
0 USD
CY2020 ocfc Proceeds From Federal Reserve Bank Term Advances
ProceedsFromFederalReserveBankTermAdvances
53778000 USD
CY2019 ocfc Proceeds From Federal Reserve Bank Term Advances
ProceedsFromFederalReserveBankTermAdvances
0 USD
CY2021 ocfc Repayments From Federal Reserve Bank Term Advances
RepaymentsFromFederalReserveBankTermAdvances
0 USD
CY2020 ocfc Repayments From Federal Reserve Bank Term Advances
RepaymentsFromFederalReserveBankTermAdvances
53778000 USD
CY2019 ocfc Repayments From Federal Reserve Bank Term Advances
RepaymentsFromFederalReserveBankTermAdvances
0 USD
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
7612000 USD
CY2020 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
8109000 USD
CY2019 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
263000 USD
CY2021 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
3009000 USD
CY2020 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-2803000 USD
CY2019 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-182000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1946000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1241000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1335000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1183000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2084000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2858000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
36059000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14814000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26066000 USD
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
55529000 USD
CY2019 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2021 ocfc Acquisitionof Common Stockby Esop
AcquisitionofCommonStockbyESOP
3200000 USD
CY2020 ocfc Acquisitionof Common Stockby Esop
AcquisitionofCommonStockbyESOP
0 USD
CY2019 ocfc Acquisitionof Common Stockby Esop
AcquisitionofCommonStockbyESOP
0 USD
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
44510000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
42917000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
34241000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
223993000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1074948000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
82773000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1093877000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1185435000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10898000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1318661000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133226000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122328000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224784000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1318661000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133226000 USD
CY2020Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1272134000 USD
CY2019Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
120544000 USD
CY2018Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
120792000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
46527000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
12682000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
1536000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1318661000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133226000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122328000 USD
CY2021Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
204949000 USD
CY2020Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1272134000 USD
CY2019Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
120544000 USD
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
19835000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
46527000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
12682000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224784000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1318661000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133226000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
37381000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
66454000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
52315000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
50524000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
5742000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
20006000 USD
CY2021 ocfc Accretion Of Unrealized Loss On Securities Reclassified To Held To Maturity
AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity
667000 USD
CY2020 ocfc Accretion Of Unrealized Loss On Securities Reclassified To Held To Maturity
AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity
756000 USD
CY2019 ocfc Accretion Of Unrealized Loss On Securities Reclassified To Held To Maturity
AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity
991000 USD
CY2021 ocfc Net Loans Charged Off
NetLoansChargedOff
-442000 USD
CY2020 ocfc Net Loans Charged Off
NetLoansChargedOff
18859000 USD
CY2019 ocfc Net Loans Charged Off
NetLoansChargedOff
1361000 USD
CY2021 ocfc Transfer Of Premisesand Equipmentto Assets Heldfor Sale
TransferOfPremisesandEquipmenttoAssetsHeldforSale
4035000 USD
CY2020 ocfc Transfer Of Premisesand Equipmentto Assets Heldfor Sale
TransferOfPremisesandEquipmenttoAssetsHeldforSale
3953000 USD
CY2019 ocfc Transfer Of Premisesand Equipmentto Assets Heldfor Sale
TransferOfPremisesandEquipmenttoAssetsHeldforSale
2189000 USD
CY2021 ocfc Transfer Of Debt Securities From Available For Sale To Held To Maturity
TransferOfDebtSecuritiesFromAvailableForSaleToHeldToMaturity
12721000 USD
CY2020 ocfc Transfer Of Debt Securities From Available For Sale To Held To Maturity
TransferOfDebtSecuritiesFromAvailableForSaleToHeldToMaturity
0 USD
CY2019 ocfc Transfer Of Debt Securities From Available For Sale To Held To Maturity
TransferOfDebtSecuritiesFromAvailableForSaleToHeldToMaturity
0 USD
CY2021 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 USD
CY2020 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
106000 USD
CY2019 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
963000 USD
CY2021 us-gaap Financing Receivable Reclassification To Held For Sale
FinancingReceivableReclassificationToHeldForSale
0 USD
CY2020 us-gaap Financing Receivable Reclassification To Held For Sale
FinancingReceivableReclassificationToHeldForSale
444543000 USD
CY2019 us-gaap Financing Receivable Reclassification To Held For Sale
FinancingReceivableReclassificationToHeldForSale
0 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
0 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
208880000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
103775000 USD
CY2021 ocfc Noncash Or Part Noncash Acquisition Advances To Federal Home Loan Bank
NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank
0 USD
CY2020 ocfc Noncash Or Part Noncash Acquisition Advances To Federal Home Loan Bank
NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank
5334000 USD
CY2019 ocfc Noncash Or Part Noncash Acquisition Advances To Federal Home Loan Bank
NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank
313000 USD
CY2021 ocfc Non Cash Or Part Non Cash Acquisition Loans
NonCashOrPartNonCashAcquisitionLoans
0 USD
CY2020 ocfc Non Cash Or Part Non Cash Acquisition Loans
NonCashOrPartNonCashAcquisitionLoans
1558480000 USD
CY2019 ocfc Non Cash Or Part Non Cash Acquisition Loans
NonCashOrPartNonCashAcquisitionLoans
307778000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
9744000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
3389000 USD
CY2021 ocfc Noncash Or Part Noncash Acquisition Accrued Interest Receivable
NoncashOrPartNoncashAcquisitionAccruedInterestReceivable
0 USD
CY2020 ocfc Noncash Or Part Noncash Acquisition Accrued Interest Receivable
NoncashOrPartNoncashAcquisitionAccruedInterestReceivable
4161000 USD
CY2019 ocfc Noncash Or Part Noncash Acquisition Accrued Interest Receivable
NoncashOrPartNoncashAcquisitionAccruedInterestReceivable
1390000 USD
CY2021 ocfc Noncash Or Part Noncash Acquisition Bank Owned Life Insurance
NoncashOrPartNoncashAcquisitionBankOwnedLifeInsurance
0 USD
CY2020 ocfc Noncash Or Part Noncash Acquisition Bank Owned Life Insurance
NoncashOrPartNoncashAcquisitionBankOwnedLifeInsurance
22440000 USD
CY2019 ocfc Noncash Or Part Noncash Acquisition Bank Owned Life Insurance
NoncashOrPartNoncashAcquisitionBankOwnedLifeInsurance
10460000 USD
CY2021 ocfc Noncash Or Part Noncash Acquisition Deferred Tax Asset
NoncashOrPartNoncashAcquisitionDeferredTaxAsset
0 USD
CY2020 ocfc Noncash Or Part Noncash Acquisition Deferred Tax Asset
NoncashOrPartNoncashAcquisitionDeferredTaxAsset
41000 USD
CY2019 ocfc Noncash Or Part Noncash Acquisition Deferred Tax Asset
NoncashOrPartNoncashAcquisitionDeferredTaxAsset
3967000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
10073000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
1278000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
0 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
139501000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
38875000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
1958654000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
471225000 USD
CY2021 ocfc Noncash Or Part Noncash Acquisition Deposits Assumed
NoncashOrPartNoncashAcquisitionDepositsAssumed
0 USD
CY2020 ocfc Noncash Or Part Noncash Acquisition Deposits Assumed
NoncashOrPartNoncashAcquisitionDepositsAssumed
1594403000 USD
CY2019 ocfc Noncash Or Part Noncash Acquisition Deposits Assumed
NoncashOrPartNoncashAcquisitionDepositsAssumed
449018000 USD
CY2021 ocfc Noncash Or Part Noncash Acquisition Federal Home Loan Bank Advances
NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances
0 USD
CY2020 ocfc Noncash Or Part Noncash Acquisition Federal Home Loan Bank Advances
NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances
92618000 USD
CY2019 ocfc Noncash Or Part Noncash Acquisition Federal Home Loan Bank Advances
NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances
0 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
0 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
33648000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
5121000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
1720669000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
454139000 USD
CY2021 ocfc Maturity Period Of Short Term Interest Bearing Securities Included In Cash And Cash Equivalents
MaturityPeriodOfShortTermInterestBearingSecuritiesIncludedInCashAndCashEquivalents
P3M
CY2021 ocfc Minimum Period Of Loans Past Due
MinimumPeriodOfLoansPastDue
P90D
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Allowance for Credit Losses (“ACL”)</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%">Under the current expected credit loss (“CECL”) model, the allowance for credit losses on financial assets is a valuation allowance estimated at each balance sheet date in accordance with GAAP that is deducted from the financial assets’ amortized cost basis to present the net amount expected to be collected on the financial assets. The CECL model also applies to certain off-balance sheet credit exposures.</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%">The Company estimates the ACL on loans based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to write-off accrued interest receivable by reversing interest income in a timely manner. Therefore, the Company has made a policy election to exclude accrued interest from the amortized cost basis and therefore excludes it from the measurement of the ACL. For loans under forbearance as a result of Coronavirus Disease 2019 (“COVID-19”), the Company made a policy election to include the accrued interest receivable related to such loans in the amortized cost basis and therefore includes it in the measurement of the ACL. Accrued interest receivable related to loans at December 31, 2021 was $26.2 million, of which $4.4 million related to forbearance loans.</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%">Expected credit losses are reflected in the ACL through a charge to credit loss expense. The Company’s estimate of the ACL reflects credit losses currently expected over the remaining contractual life of the assets. When the Company deems all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible. When available information confirms that specific financial assets, or portions thereof, are uncollectible, these amounts are charged off against the ACL. Subsequent recoveries, if any, are credited to the ACL when received. </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%">The Company measures the ACL of financial assets on a collective portfolio segment basis when the financial assets share similar risk characteristics. The Company has identified the following portfolio segments of financial assets with similar risk characteristics for measuring expected credit losses: commercial and industrial, commercial real estate - owner occupied, commercial real estate - investor (including commercial real estate - construction and land), residential real estate, consumer (including student loans) and HTM debt securities. The Company further segments the commercial loan portfolios by risk rating, and the residential and consumer loan portfolios by delinquency. The total ACL on loans measured on a collective portfolio segment basis was $48.6 million as of December 31, 2021. The HTM portfolio is segmented by rating category. </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%">The Company’s methodology to measure the ACL incorporates both quantitative and qualitative information to assess lifetime expected credit losses at the portfolio segment level. The quantitative component includes the calculation of loss rates using an open pool method. Under this method, the Company calculates a loss rate based on historical loan level loss experience for portfolio segments with similar risk characteristics. The historical loss rate is adjusted for select macroeconomic variables that consider both historical trends as well as forecasted trends for a single economic scenario. The adjusted loss rate is calculated for an eight quarter forecast period then reverts to the historical loss rate on a straight-line basis over four quarters. The Company differentiates its loss-rate method for HTM debt securities by looking to publicly available historical default and recovery statistics based on the attributes of issuer type, rating category and time to maturity. The Company measures expected credit losses of these financial assets by applying loss rates to the amortized cost basis of each asset taking into consideration amortization, prepayment and default assumptions. </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%">The Company considers qualitative adjustments to expected credit loss estimates for information not already captured in the loss estimation process. Qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Adjustments will not be made for information that has already been considered and included in the quantitative allowance. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in loan composition, performance trends, regulatory changes, uncertainty of macroeconomic forecasts, and other asset specific risk characteristics.</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-style:italic;font-weight:400;line-height:120%">Collateral Dependent Financial Assets</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%">For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable and where the borrower is experiencing financial difficulty, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. Fair value is generally calculated based on the value of the underlying collateral less an appraisal discount and the estimated cost to sell. Due to conditions caused by COVID-19, appraisals ordered in the current environment may not be indicative of the underlying loan collateral value. As such, the Company may require multiple valuation approaches (sales comparison approach, income approach, and/or cost </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%">approach), as applicable. The Company will assess the individual facts and circumstances of COVID-19-related loan downgrades and, if a new appraisal is not necessary, an additional discount may be applied to an existing appraisal. </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-style:italic;font-weight:400;line-height:120%">Troubled Debt Restructured (“TDR”) Loans</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%">A loan that has been modified or renewed is considered a TDR when two conditions are met: (1) the borrower is experiencing financial difficulty and (2) concessions are made for the borrower's benefit that would not otherwise be considered for a borrower or transaction with similar credit risk characteristics. So long as they share similar risk characteristics, TDRs may be collectively evaluated and included in the Company’s existing portfolio segments to measure the ACL, unless the TDR is collateral dependent. Loans modified in accordance with the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act are not considered TDRs.</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-style:italic;font-weight:400;line-height:120%">Loan Commitments and Allowance for Loan Credit Losses on Off-Balance Sheet Credit Exposures</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%">Financial assets include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to loan credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded.</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%">The Company records an allowance for loan credit losses on off-balance sheet credit exposures through a charge to loan credit loss expense for off-balance sheet credit exposures. The ACL on off-balance sheet credit exposures is estimated by portfolio segment at each balance sheet date under the CECL model using the same methodologies as portfolio loans, taking into consideration management’s assumption of the likelihood that funding will occur, and is included in other liabilities on the Company’s consolidated balance sheets.</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-style:italic;font-weight:400;line-height:120%">Acquired Loans</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%">Acquired loans are recorded at fair value at the date of acquisition based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Certain acquired loans are grouped together according to similar risk characteristics and are aggregated when applying various valuation techniques. These cash flow evaluations are subjective as they require material estimates, all of which may be susceptible to significant change.</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%">Beginning on January 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased with credit deterioration (“PCD”) loans. The Company evaluated acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) troubled debt restructured designation; (3) risk ratings of special mention, substandard or doubtful; (4) watchlist credits; and (5) delinquency status, including loans that were current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses was made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans.</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%">For acquired loans not deemed PCD at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial allowance for expected credit losses is estimated and recorded as credit loss expense.</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%">The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans.</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-style:italic;font-weight:400;line-height:120%">Allowance for Loan Losses (Prior to January 1, 2020)</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%">The allowance for loan losses (currently referred to as ACL on loans) represented a valuation account that reflected probable incurred losses in the loan portfolio. The adequacy of the allowance for loan losses was based on management’s evaluation of the Bank’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, current economic and regulatory conditions, as well as organizational changes. The allowance for loan losses was maintained at an amount management considered sufficient to provide for probable losses.</span></div>
CY2021Q4 ocfc Interest And Dividends Receivable Loans
InterestAndDividendsReceivableLoans
26200000 USD
CY2021Q4 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
4400000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
48600000 USD
CY2021Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.040
CY2021Q4 ocfc Common Equity Tier One Capital To Risk Weighted Assets
CommonEquityTierOneCapitalToRiskWeightedAssets
0.070
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.085
CY2021Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105
CY2021Q4 us-gaap Banking Regulation Leverage Buffer Actual
BankingRegulationLeverageBufferActual
0.0250
CY2021Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.050
CY2021Q4 ocfc Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.065
CY2021Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.080
CY2021Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.100
CY2020Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2020Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500
CY2021 ocfc Capital Conservation Buffer Percent
CapitalConservationBufferPercent
0.0250
CY2021 ocfc Capital Conservation Buffer Percent
CapitalConservationBufferPercent
0.0250
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1500000 USD
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
15900000 USD
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
10500000 USD
CY2021 ocfc Business Combination It Expenses
BusinessCombinationITExpenses
253000 USD
CY2020 ocfc Business Combination It Expenses
BusinessCombinationITExpenses
3758000 USD
CY2019 ocfc Business Combination It Expenses
BusinessCombinationITExpenses
2514000 USD
CY2021 ocfc Business Combination Professional Fees
BusinessCombinationProfessionalFees
343000 USD
CY2020 ocfc Business Combination Professional Fees
BusinessCombinationProfessionalFees
3638000 USD
CY2019 ocfc Business Combination Professional Fees
BusinessCombinationProfessionalFees
4239000 USD
CY2021 ocfc Business Combination Control Payments
BusinessCombinationControlPayments
663000 USD
CY2020 ocfc Business Combination Control Payments
BusinessCombinationControlPayments
7727000 USD
CY2019 ocfc Business Combination Control Payments
BusinessCombinationControlPayments
2942000 USD
CY2021 ocfc Business Combination Miscellaneous Expenses
BusinessCombinationMiscellaneousExpenses
244000 USD
CY2020 ocfc Business Combination Miscellaneous Expenses
BusinessCombinationMiscellaneousExpenses
824000 USD
CY2019 ocfc Business Combination Miscellaneous Expenses
BusinessCombinationMiscellaneousExpenses
808000 USD
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1503000 USD
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
15947000 USD
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
10503000 USD
CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
569874000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1275000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2894000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
568255000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 USD
CY2021Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss
1143548000 USD
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
18967000 USD
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
9771000 USD
CY2021Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
1152744000 USD
CY2021Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
1152744000 USD
CY2021Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1467000 USD
CY2021Q4 ocfc Available For Sale Securities And Held To Maturity Amortized Cost
AvailableForSaleSecuritiesAndHeldToMaturityAmortizedCost
1713422000 USD
CY2021Q4 ocfc Available For Sale Securities And Held To Maturity Securities Gross Unrealized Gain
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedGain
20242000 USD
CY2021Q4 ocfc Available For Sale Securities And Held To Maturity Securities Gross Unrealized Loss
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedLoss
12665000 USD
CY2021Q4 ocfc Available For Sale Securities And Held To Maturity Securities Estimated Fair Value
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesEstimatedFairValue
1720999000 USD
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DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1467000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
180154000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3154000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
183302000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 USD
CY2020Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss
942314000 USD
CY2020Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
29378000 USD
CY2020Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
3226000 USD
CY2020Q4 us-gaap Held To Maturity Securities Fair Value
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968466000 USD
CY2020Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1715000 USD
CY2020Q4 ocfc Available For Sale Securities And Held To Maturity Amortized Cost
AvailableForSaleSecuritiesAndHeldToMaturityAmortizedCost
1122468000 USD
CY2020Q4 ocfc Available For Sale Securities And Held To Maturity Securities Gross Unrealized Gain
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedGain
32532000 USD
CY2020Q4 ocfc Available For Sale Securities And Held To Maturity Securities Gross Unrealized Loss
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedLoss
3232000 USD
CY2020Q4 ocfc Available For Sale Securities And Held To Maturity Securities Estimated Fair Value
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesEstimatedFairValue
1151768000 USD
CY2020Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1715000 USD
CY2020Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1715000 USD
CY2019Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
0 USD
CY2021 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
-248000 USD
CY2020 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
447000 USD
CY2021Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1467000 USD
CY2020Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1715000 USD
CY2021 ocfc Securities Transferred From Available For Sale To Held To Maturity
SecuritiesTransferredFromAvailableForSaleToHeldToMaturity
12700000 USD
CY2013 ocfc Securities Transferred From Available For Sale To Held To Maturity
SecuritiesTransferredFromAvailableForSaleToHeldToMaturity
536000000 USD
CY2021 ocfc Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred From Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredFromAvailableForSaleSecuritiesBeforeTax
-209000 USD
CY2013 ocfc Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred From Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredFromAvailableForSaleSecuritiesBeforeTax
-13300000 USD
CY2021Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
1143548000 USD
CY2020Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
942314000 USD
CY2021 ocfc Other Comprehensive Income Loss Transfers From Available For Sale Securities To Held To Maturity
OtherComprehensiveIncomeLossTransfersFromAvailableForSaleSecuritiesToHeldToMaturity
-13556000 USD
CY2020 ocfc Other Comprehensive Income Loss Transfers From Available For Sale Securities To Held To Maturity
OtherComprehensiveIncomeLossTransfersFromAvailableForSaleSecuritiesToHeldToMaturity
-13347000 USD
CY2021Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1467000 USD
CY2020Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1715000 USD
CY2021 ocfc Other Comprehensive Income Reclassification Of Accretion Of Net Unrealized Losses To Held To Maturity Securities
OtherComprehensiveIncomeReclassificationOfAccretionOfNetUnrealizedLossesToHeldToMaturitySecurities
10668000 USD
CY2020 ocfc Other Comprehensive Income Reclassification Of Accretion Of Net Unrealized Losses To Held To Maturity Securities
OtherComprehensiveIncomeReclassificationOfAccretionOfNetUnrealizedLossesToHeldToMaturitySecurities
10001000 USD
CY2021Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss
1139193000 USD
CY2020Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss
937253000 USD
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
476000 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
100483000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
101018000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
148332000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
150222000 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
275734000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
274360000 USD
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
294395000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
301961000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
818944000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
827561000 USD
CY2021Q4 us-gaap Pledged Assets Separately Reported Securities Pledged For Other Debt Obligations At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedForOtherDebtObligationsAtFairValue
1140000000 USD
CY2020Q4 us-gaap Pledged Assets Separately Reported Securities Pledged For Other Debt Obligations At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedForOtherDebtObligationsAtFairValue
435900000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
444596000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2894000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
444596000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2894000 USD
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
572009000 USD
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
8309000 USD
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
55402000 USD
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1462000 USD
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
627411000 USD
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
9771000 USD
CY2021Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
1016605000 USD
CY2021Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAggregateLosses
11203000 USD
CY2021Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
55402000 USD
CY2021Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAggregateLosses
1462000 USD
CY2021Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
1072007000 USD
CY2021Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionAggregateLosses
12665000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
21795000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
6000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
21795000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
6000 USD
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
86523000 USD
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
546000 USD
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
46965000 USD
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2680000 USD
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
133488000 USD
CY2020Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
3226000 USD
CY2020Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
108318000 USD
CY2020Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAggregateLosses
552000 USD
CY2020Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
46965000 USD
CY2020Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAggregateLosses
2680000 USD
CY2020Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
155283000 USD
CY2020Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionAggregateLosses
3232000 USD
CY2021Q4 ocfc Equity Investments
EquityInvestments
101200000 USD
CY2020Q4 ocfc Equity Investments
EquityInvestments
107100000 USD
CY2021 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
7145000 USD
CY2020 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
21214000 USD
CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
8123000 USD
CY2020 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
5401000 USD
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-978000 USD
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
15813000 USD
CY2021Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
8622870000 USD
CY2020Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
7756106000 USD
CY2021Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
9332000 USD
CY2020Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
9486000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
48850000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
60735000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
8583352000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
7704857000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
2449710000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
1202923000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
1061158000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
585795000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
634834000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
2138982000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
549468000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
8622870000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
1496628000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
1313707000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
817607000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
800731000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
620952000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
2340571000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
365910000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
7756106000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
60735000 USD
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-12346000 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1031000 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1492000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
48850000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
16852000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
2639000 USD
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
57402000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
20184000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1325000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
60735000 USD
CY2021Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
25494000 USD
CY2020Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
46863000 USD
CY2021Q4 ocfc Financing Receivable Commitments To Lend Additional Funds On Non Accrual Loans
FinancingReceivableCommitmentsToLendAdditionalFundsOnNonAccrualLoans
46000 USD
CY2020Q4 ocfc Financing Receivable Commitments To Lend Additional Funds On Non Accrual Loans
FinancingReceivableCommitmentsToLendAdditionalFundsOnNonAccrualLoans
0 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
8622870000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
7756106000 USD
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
23600000 USD
CY2020Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
17500000 USD
CY2021 ocfc Non Accrual Troubled Debt Restructurings
NonAccrualTroubledDebtRestructurings
11300000 USD
CY2020 ocfc Non Accrual Troubled Debt Restructurings
NonAccrualTroubledDebtRestructurings
5500000 USD
CY2020Q4 ocfc Specific Reserves On Nonaccrual Troubled Debt Restructurings
SpecificReservesOnNonaccrualTroubledDebtRestructurings
0 USD
CY2021Q4 ocfc Specific Reserves On Nonaccrual Troubled Debt Restructurings
SpecificReservesOnNonaccrualTroubledDebtRestructurings
0 USD
CY2021Q4 ocfc Financing Receivable Impaired Troubled Debt Restructuring Performing Loan Amount
FinancingReceivableImpairedTroubledDebtRestructuringPerformingLoanAmount
12300000 USD
CY2020Q4 ocfc Financing Receivable Impaired Troubled Debt Restructuring Performing Loan Amount
FinancingReceivableImpairedTroubledDebtRestructuringPerformingLoanAmount
12000000 USD
CY2021Q4 ocfc Interest And Dividends Receivable Loans
InterestAndDividendsReceivableLoans
26208000 USD
CY2020Q4 ocfc Interest And Dividends Receivable Loans
InterestAndDividendsReceivableLoans
30893000 USD
CY2021Q4 ocfc Interest And Dividends Receivable Debt Securities
InterestAndDividendsReceivableDebtSecurities
5753000 USD
CY2020Q4 ocfc Interest And Dividends Receivable Debt Securities
InterestAndDividendsReceivableDebtSecurities
4184000 USD
CY2021Q4 ocfc Interest And Dividends Receivable Investment Securities
InterestAndDividendsReceivableInvestmentSecurities
645000 USD
CY2020Q4 ocfc Interest And Dividends Receivable Investment Securities
InterestAndDividendsReceivableInvestmentSecurities
192000 USD
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
32606000 USD
CY2020Q4 us-gaap Interest Receivable
InterestReceivable
35269000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
2386000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
1845000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
199553000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
174853000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
73725000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
67759000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
125828000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
107094000 USD
CY2021 ocfc Depreciation Depletionand Amortization Netof Purchase Accounting Accretionand Amortization
DepreciationDepletionandAmortizationNetofPurchaseAccountingAccretionandAmortization
9400000 USD
CY2020 ocfc Depreciation Depletionand Amortization Netof Purchase Accounting Accretionand Amortization
DepreciationDepletionandAmortizationNetofPurchaseAccountingAccretionandAmortization
8500000 USD
CY2019 ocfc Depreciation Depletionand Amortization Netof Purchase Accounting Accretionand Amortization
DepreciationDepletionandAmortizationNetofPurchaseAccountingAccretionandAmortization
8200000 USD
CY2021Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
2412056000 USD
CY2021Q4 ocfc Non Interest Bearing Deposit Liabilities Weighted Average Cost Percentage
NonInterestBearingDepositLiabilitiesWeightedAverageCostPercentage
0
CY2020Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
2133195000 USD
CY2020Q4 ocfc Non Interest Bearing Deposit Liabilities Weighted Average Cost Percentage
NonInterestBearingDepositLiabilitiesWeightedAverageCostPercentage
0
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
4201736000 USD
CY2021Q4 us-gaap Weighted Average Rate Domestic Deposit Checking
WeightedAverageRateDomesticDepositChecking
0.0024
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
3646866000 USD
CY2020Q4 us-gaap Weighted Average Rate Domestic Deposit Checking
WeightedAverageRateDomesticDepositChecking
0.0049
CY2021Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
736090000 USD
CY2021Q4 us-gaap Weighted Average Rate Domestic Deposit Money Market
WeightedAverageRateDomesticDepositMoneyMarket
0.0006
CY2020Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
783521000 USD
CY2020Q4 us-gaap Weighted Average Rate Domestic Deposit Money Market
WeightedAverageRateDomesticDepositMoneyMarket
0.0019
CY2021Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
1607933000 USD
CY2021Q4 us-gaap Weighted Average Rate Domestic Deposit Savings
WeightedAverageRateDomesticDepositSavings
0.0003
CY2020Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
1491251000 USD
CY2020Q4 us-gaap Weighted Average Rate Domestic Deposit Savings
WeightedAverageRateDomesticDepositSavings
0.0005
CY2021Q4 us-gaap Time Deposits
TimeDeposits
775001000 USD
CY2021Q4 us-gaap Weighted Average Rate Domestic Deposit Time Deposits
WeightedAverageRateDomesticDepositTimeDeposits
0.0095
CY2020Q4 us-gaap Time Deposits
TimeDeposits
1372783000 USD
CY2020Q4 us-gaap Weighted Average Rate Domestic Deposit Time Deposits
WeightedAverageRateDomesticDepositTimeDeposits
0.0151
CY2021Q4 us-gaap Deposits
Deposits
9732816000 USD
CY2021Q4 us-gaap Weighted Average Rate Domestic Deposit
WeightedAverageRateDomesticDeposit
0.0019
CY2020Q4 us-gaap Deposits
Deposits
9427616000 USD
CY2020Q4 us-gaap Weighted Average Rate Domestic Deposit
WeightedAverageRateDomesticDeposit
0.0043
CY2021Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
244000 USD
CY2020Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
367000 USD
CY2021Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
145400000 USD
CY2020Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
409500000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
552666000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
110956000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
67097000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
16417000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
13539000 USD
CY2021Q4 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
14326000 USD
CY2021Q4 us-gaap Time Deposits
TimeDeposits
775001000 USD
CY2021 us-gaap Interest Expense Negotiable Order Of Withdrawal Now Deposits
InterestExpenseNegotiableOrderOfWithdrawalNOWDeposits
13400000 USD
CY2020 us-gaap Interest Expense Negotiable Order Of Withdrawal Now Deposits
InterestExpenseNegotiableOrderOfWithdrawalNOWDeposits
19395000 USD
CY2019 us-gaap Interest Expense Negotiable Order Of Withdrawal Now Deposits
InterestExpenseNegotiableOrderOfWithdrawalNOWDeposits
16820000 USD
CY2021 us-gaap Interest Expense Money Market Deposits
InterestExpenseMoneyMarketDeposits
1105000 USD
CY2020 us-gaap Interest Expense Money Market Deposits
InterestExpenseMoneyMarketDeposits
2902000 USD
CY2019 us-gaap Interest Expense Money Market Deposits
InterestExpenseMoneyMarketDeposits
4919000 USD
CY2021 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
631000 USD
CY2020 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
2505000 USD
CY2019 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
1195000 USD
CY2021 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
10074000 USD
CY2020 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
23488000 USD
CY2019 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
15498000 USD
CY2021 us-gaap Interest Expense Deposits
InterestExpenseDeposits
25210000 USD
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229141000 USD
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347910000 USD
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413290000 USD
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0.0170
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229141000 USD
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0 USD
CY2020 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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7018000 USD
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8441000 USD
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253000 USD
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562000 USD
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276000 USD
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5674000 USD
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380000 USD
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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3608000 USD
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CY2021 us-gaap Income Tax Expense Benefit
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32165000 USD
CY2020 us-gaap Income Tax Expense Benefit
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18784000 USD
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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81042000 USD
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107358000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
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29871000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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17019000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
22545000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7223000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3751000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
583000 USD
CY2021 ocfc Income Tax Reconciliation Deductions Earnings On Life Insurance
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1435000 USD
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IncomeTaxReconciliationDeductionsEarningsOnLifeInsurance
1349000 USD
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1138000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
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768000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
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1161000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Exempt Income
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665000 USD
CY2021 ocfc Income Tax Reconciliation Merger Related Expenses
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24000 USD
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IncomeTaxReconciliationMergerRelatedExpenses
138000 USD
CY2019 ocfc Income Tax Reconciliation Merger Related Expenses
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297000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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-110000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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0 USD
CY2020 ocfc Effective Income Tax Rate Reconciliation Revaluationof State Deferred Tax Asset Amount
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0 USD
CY2019 ocfc Effective Income Tax Rate Reconciliation Revaluationof State Deferred Tax Asset Amount
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-2205000 USD
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-173000 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
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-204000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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475000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
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0 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
0 USD
CY2021 us-gaap Income Tax Reconciliation Deductions Dividends
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510000 USD
CY2020 us-gaap Income Tax Reconciliation Deductions Dividends
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0 USD
CY2019 us-gaap Income Tax Reconciliation Deductions Dividends
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0 USD
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CY2020 us-gaap Income Tax Reconciliation Other Adjustments
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CY2019 us-gaap Income Tax Reconciliation Other Adjustments
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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16168000 USD
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3115000 USD
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2485000 USD
CY2021Q4 ocfc Deferred Incentive Compensation And Other Charges
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3546000 USD
CY2020Q4 ocfc Deferred Incentive Compensation And Other Charges
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2919000 USD
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471000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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533000 USD
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2214000 USD
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1626000 USD
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2435000 USD
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1332000 USD
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272000 USD
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28057000 USD
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33014000 USD
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187000 USD
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517000 USD
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1680000 USD
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195000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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2295000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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3705000 USD
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57789000 USD
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64457000 USD
CY2021Q4 ocfc Deferred Tax Liability Unrealized Gain On Equity Securities
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0 USD
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4154000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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5704000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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5871000 USD
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2579000 USD
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2968000 USD
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2056000 USD
CY2020Q4 ocfc Deferred Tax Liabilities Purchase Accounting Adjustment
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602000 USD
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371000 USD
CY2020Q4 ocfc Deferred Tax Liabilities Accretion Of Discount On Investment Securities
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452000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
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0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
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783000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
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10710000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
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14830000 USD
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47079000 USD
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49627000 USD
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10800000 USD
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2800000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2019 ocfc Income Tax Expense Benefitfrom Revaluationof State Deferred Tax Assets
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-2200000 USD
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1900000 USD
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3600000 USD
CY2021Q4 ocfc Employee Stock Ownership Plan Esop Shares Contributed To Esop Value
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2300000 USD
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1500000 USD
CY2021 us-gaap Employee Stock Ownership Plan Esop Dividends Paid To Esop
EmployeeStockOwnershipPlanESOPDividendsPaidToESOP
268000 USD
CY2020 us-gaap Employee Stock Ownership Plan Esop Dividends Paid To Esop
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313000 USD
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Debt Structure Direct Loan Amount
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9200000 USD
CY2020Q4 us-gaap Employee Stock Ownership Plan Esop Debt Structure Direct Loan Amount
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8100000 USD
CY2021Q4 ocfc Employee Stock Ownership Plan Esop Number Of Unallocated Shares
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437725 shares
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394080 shares
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
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9700000 USD
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
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2543294 shares
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
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102048 shares
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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14700000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0103
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0263
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P7Y
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P7Y
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0.23
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.21
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0.0333
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.0270
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2.93
CY2019 ocfc Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Estimated Fair Value Of Options Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageEstimatedFairValueOfOptionsGranted
4.47
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2499000 USD
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2994000 USD
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0 shares
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20.67
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2424032 shares
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19.80
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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18.25
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0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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20.44
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CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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25.20
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1870 shares
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14.80
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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9.50
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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11.24
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1828 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
23.78
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
6357 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
21.26
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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195000 USD
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187000 USD
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263000 USD
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2 branch
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4 branch
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9 branch
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2830000 USD
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429000 USD
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307000 USD
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4404000 USD
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307000 USD
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3033000 USD
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307000 USD
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2737000 USD
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307000 USD
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307000 USD
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1650000 USD
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798000 USD
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6681000 USD
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CY2021 dei Auditor Name
AuditorName
KPMG LLP
CY2021 dei Auditor Location
AuditorLocation
Short Hills, New Jersey
CY2021 dei Auditor Firm
AuditorFirmId
185

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