2022 Q1 Form 10-Q Financial Statement

#000100470222000087 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $90.98M $84.87M
YoY Change 7.2% -13.58%
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 $2.759M $4.500M $2.064M
YoY Change 33.67% 18.42% -44.22%
% of Gross Profit
Operating Expenses $57.50M $51.68M
YoY Change 11.25% -17.7%
Operating Profit
YoY Change
Interest Expense $6.756M $11.27M
YoY Change -40.05% -39.28%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $33.73M $26.70M $43.38M
YoY Change -22.23% -38.6% 110.8%
Income Tax $7.974M $4.100M $10.68M
% Of Pretax Income 23.64% 15.36% 24.62%
Net Earnings $25.76M $22.70M $32.70M
YoY Change -21.22% -31.35% 97.77%
Net Earnings / Revenue 28.31% 38.52%
Basic Earnings Per Share $0.42 $0.53
Diluted Earnings Per Share $0.42 $384.7K $0.53
COMMON SHARES
Basic Shares Outstanding 58.74M shares 59.42M shares 59.84M shares
Diluted Shares Outstanding 58.94M shares 60.10M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $211.2M $224.8M $1.190B
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 $127.0M $143.0M $132.0M
YoY Change -3.79% 10.0% 26.24%
Goodwill $500.3M $500.3M $500.3M
YoY Change 0.0% 0.0% 0.05%
Intangibles $17.01M $18.22M $22.27M
YoY Change -23.65% -23.04% -21.23%
Long-Term Investments
YoY Change
Other Assets $6.000M $6.000M $5.000M
YoY Change 20.0% 0.0% 25.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $12.16B $11.74B $11.58B
YoY Change 5.07% 2.54% 10.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $15.00M $18.00M $22.00M
YoY Change -31.82% -21.74% -18.52%
Deferred Revenue
YoY Change
Short-Term Debt $118.0M $119.0M $134.0M
YoY Change -11.94% -7.03% 48.89%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $118.0M $18.00M $22.00M
YoY Change 436.36% -21.74% -18.52%
LONG-TERM LIABILITIES
Long-Term Debt $194.0M $229.0M $228.0M
YoY Change -14.91% -2.55% 90.0%
Other Long-Term Liabilities $202.0M $124.0M $191.0M
YoY Change 5.76% -17.33% 54.03%
Total Long-Term Liabilities $396.0M $353.0M $419.0M
YoY Change -5.49% -8.31% 71.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $118.0M $18.00M $22.00M
Total Long-Term Liabilities $396.0M $353.0M $419.0M
Total Liabilities $10.65B $10.22B $10.08B
YoY Change 5.62% 2.6% 11.01%
SHAREHOLDERS EQUITY
Retained Earnings $456.3M $442.3M $398.3M
YoY Change 14.56% 16.93% 9.34%
Common Stock $1.150B $1.147B $1.143B
YoY Change 0.63% 0.8% 5.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $63.85M $61.71M $35.65M
YoY Change 79.14% 140.58% 38.96%
Treasury Stock Shares 2.461M shares 2.360M shares 648.9K shares
Shareholders Equity $1.519B $1.517B $1.499B
YoY Change
Total Liabilities & Shareholders Equity $12.16B $11.74B $11.58B
YoY Change 5.07% 2.54% 10.38%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $25.76M $22.70M $32.70M
YoY Change -21.22% -31.35% 97.77%
Depreciation, Depletion And Amortization $2.759M $4.500M $2.064M
YoY Change 33.67% 18.42% -44.22%
Cash From Operating Activities $57.64M $40.90M $36.87M
YoY Change 56.33% 686.54% -42.11%
INVESTING ACTIVITIES
Capital Expenditures $7.708M -$15.50M $5.336M
YoY Change 44.45% 171.93% 196.77%
Acquisitions
YoY Change
Other Investing Activities -$417.0M -$735.8M -$217.8M
YoY Change 91.46% -241.47% 161.15%
Cash From Investing Activities -$424.7M -$751.3M -$223.2M
YoY Change 90.31% -246.08% 162.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.144M $9.994M
YoY Change -78.55% -32.54%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $353.4M -72.40M $57.38M
YoY Change 515.97% -69.73% -70.64%
NET CHANGE
Cash From Operating Activities $57.64M 40.90M $36.87M
Cash From Investing Activities -$424.7M -751.3M -$223.2M
Cash From Financing Activities $353.4M -72.40M $57.38M
Net Change In Cash -$13.61M -782.8M -$128.9M
YoY Change -89.44% -379.27% -174.09%
FREE CASH FLOW
Cash From Operating Activities $57.64M $40.90M $36.87M
Capital Expenditures $7.708M -$15.50M $5.336M
Free Cash Flow $49.94M $56.40M $31.54M
YoY Change 58.34% 417.43% -49.05%

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CY2021Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
381000 USD
CY2022Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3563000 USD
CY2021Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3353000 USD
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
57495000 USD
CY2021Q1 us-gaap Operating Expenses
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51683000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
33733000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
43376000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7974000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10679000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
25759000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
32697000 USD
CY2022Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1004000 USD
CY2021Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1004000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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24755000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31693000 USD
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58739000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59840000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58943000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60101000 shares
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
25759000 USD
CY2021Q1 us-gaap Net Income Loss
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32697000 USD
CY2022Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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-3928000 USD
CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-112000 USD
CY2022Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-12372000 USD
CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-416000 USD
CY2022Q1 ocfc Other Comprehensive Income Accretion Of Fair Value Adjustment On Held To Maturity Securities Tax
OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax
65000 USD
CY2021Q1 ocfc Other Comprehensive Income Accretion Of Fair Value Adjustment On Held To Maturity Securities Tax
OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax
73000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax
89000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Transfers From Held To Maturity To Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax
107000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-21000 USD
CY2022Q1 us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax
66000 USD
CY2021Q1 us-gaap Oci Debt Securities Available For Sale Transfer To Held To Maturity Adjustment From Aoci For Amortization Of Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax
0 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-12349000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-309000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13410000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32388000 USD
CY2022Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1004000 USD
CY2021Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1004000 USD
CY2022Q1 ocfc Comprehensive Income Loss Available For Common Stockholders
ComprehensiveIncomeLossAvailableForCommonStockholders
12406000 USD
CY2021Q1 ocfc Comprehensive Income Loss Available For Common Stockholders
ComprehensiveIncomeLossAvailableForCommonStockholders
31384000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1484130000 USD
CY2021Q1 us-gaap Net Income Loss
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32697000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-309000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1237000 USD
CY2021Q1 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
352000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.17
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10152000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1762000 USD
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
500000 shares
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9994000 USD
CY2021Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1004000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1498719000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1516553000 USD
CY2022Q1 us-gaap Net Income Loss
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25759000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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-12349000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1552000 USD
CY2022Q1 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
671000 USD
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.17
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9993000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
289000 USD
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
100444 shares
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2144000 USD
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1004000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1519334000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
25759000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
32697000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2759000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2064000 USD
CY2022Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
671000 USD
CY2021Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
352000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1552000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1237000 USD
CY2022Q1 ocfc Tax Expense Benefit From Shared Based Compensation
TaxExpenseBenefitFromSharedBasedCompensation
-214000 USD
CY2021Q1 ocfc Tax Expense Benefit From Shared Based Compensation
TaxExpenseBenefitFromSharedBasedCompensation
-90000 USD
CY2022Q1 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
14000 USD
CY2021Q1 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
25000 USD
CY2022Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1859000 USD
CY2021Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1467000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
137000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
212000 USD
CY2022Q1 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
1210000 USD
CY2021Q1 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
1395000 USD
CY2022Q1 us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome
3086000 USD
CY2021Q1 us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome
3804000 USD
CY2022Q1 ocfc Net Accretion Amortization Of Deferred Fees And Discounts On Loans
NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans
-255000 USD
CY2021Q1 ocfc Net Accretion Amortization Of Deferred Fees And Discounts On Loans
NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans
-437000 USD
CY2022Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1851000 USD
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-620000 USD
CY2022Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
1404000 USD
CY2021Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
427000 USD
CY2022Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-2786000 USD
CY2021Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
8287000 USD
CY2022Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
177000 USD
CY2021Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1916000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
724000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
69416000 USD
CY2022Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
703000 USD
CY2021Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
65151000 USD
CY2022Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
2103000 USD
CY2021Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1415000 USD
CY2022Q1 ocfc Gain Loss On Sale Of Assets Held For Sale
GainLossOnSaleOfAssetsHeldForSale
1200000 USD
CY2021Q1 ocfc Gain Loss On Sale Of Assets Held For Sale
GainLossOnSaleOfAssetsHeldForSale
-22000 USD
CY2022Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
747000 USD
CY2021Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
-2450000 USD
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-30000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-57000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
14777000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-27442000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
39272000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-21610000 USD
CY2022Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
31885000 USD
CY2021Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
4176000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57644000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36873000 USD
CY2022Q1 ocfc Net Increase Decrease In Loan Receivable
NetIncreaseDecreaseInLoanReceivable
-331568000 USD
CY2021Q1 ocfc Net Increase Decrease In Loan Receivable
NetIncreaseDecreaseInLoanReceivable
-111302000 USD
CY2022Q1 ocfc Proceeds From Sale Of High Risk Loans
ProceedsFromSaleOfHighRiskLoans
12167000 USD
CY2021Q1 ocfc Proceeds From Sale Of High Risk Loans
ProceedsFromSaleOfHighRiskLoans
0 USD
CY2022Q1 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
161701000 USD
CY2021Q1 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
0 USD
CY2022Q1 ocfc Payments For Premiums On Purchased Loan Pool
PaymentsForPremiumsOnPurchasedLoanPool
495000 USD
CY2021Q1 ocfc Payments For Premiums On Purchased Loan Pool
PaymentsForPremiumsOnPurchasedLoanPool
0 USD
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
47817000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
100921000 USD
CY2022Q1 ocfc Payments To Acquire Other Held To Maturity Securities
PaymentsToAcquireOtherHeldToMaturitySecurities
16397000 USD
CY2021Q1 ocfc Payments To Acquire Other Held To Maturity Securities
PaymentsToAcquireOtherHeldToMaturitySecurities
178316000 USD
CY2022Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2292000 USD
CY2021Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
10575000 USD
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
45000000 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
22850000 USD
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
12305000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7708000 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
6565000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
22857000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2022Q1 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
4579000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
99060000 USD
CY2022Q1 ocfc Proceedsfrom Maturities Repaymentsand Callsof Debt Securities Fvni Availableforsale
ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale
0 USD
CY2021Q1 ocfc Proceedsfrom Maturities Repaymentsand Callsof Debt Securities Fvni Availableforsale
ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale
46000 USD
CY2022Q1 ocfc Principal Repayments On Debt Investment Securities Held To Maturity
PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity
43213000 USD
CY2021Q1 ocfc Principal Repayments On Debt Investment Securities Held To Maturity
PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity
52371000 USD
CY2022Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
2189000 USD
CY2021Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
2120000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
26591000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
344000 USD
CY2022Q1 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
30100000 USD
CY2021Q1 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
485000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
4492000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
420000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5336000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
323641000 USD
CY2021Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
75694000 USD
CY2022Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-987000 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
6011000 USD
CY2022Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
75002000 USD
CY2021Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
0 USD
CY2022Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
35026000 USD
CY2021Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
7529000 USD
CY2022Q1 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
5093000 USD
CY2021Q1 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
3684000 USD
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
289000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1762000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1438000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1094000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2144000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9994000 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10997000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11156000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
353433000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
57378000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13608000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-128908000 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
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
211176000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1189753000 USD
CY2021Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
204949000 USD
CY2020Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1272134000 USD
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
19835000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
46527000 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
CY2022Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
210919000 USD
CY2021Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1173665000 USD
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
257000 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
16088000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
211176000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1189753000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
5088000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
10376000 USD
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
573000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
568000 USD
CY2022Q1 ocfc Accretion Of Unrealized Loss On Securities Reclassified To Held To Maturity
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154000 USD
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1672000 shares
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180000 USD
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92000 USD
CY2021Q1 ocfc Net Loans Recoveries
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280000 USD
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12011000 USD
CY2021Q1 us-gaap Financing Receivable Reclassification To Held For Sale
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0 USD
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2776000 USD
CY2021Q1 ocfc Transfer Of Premisesand Equipmentto Assets Heldfor Sale
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0 USD
CY2022Q1 us-gaap Basis Of Accounting
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Basis of Presentation<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc., and the Bank’s direct and indirect wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., OceanFirst Management Corp., OceanFirst Realty Corp. Casaba Real Estate Holdings Corporation, CBNJ Investments Corp., Country Property Holdings, Inc., and TRCB Investment Corp. All significant intercompany accounts and transactions have been eliminated in consolidation.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The interim consolidated financial statements reflect all normal and recurring adjustments which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results of operations that may be expected for the full year 2022 or any other period. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition and the results of operations for the period. Actual results could differ from these estimates.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”).</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.</span></div>
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CY2021Q1 us-gaap Weighted Average Number Of Shares Issued Basic
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60300000 shares
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422000 shares
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386000 shares
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142000 shares
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74000 shares
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58739000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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59840000 shares
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204000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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261000 shares
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58943000 shares
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60101000 shares
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904000 shares
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564478000 USD
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206000 USD
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18214000 USD
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546470000 USD
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0 USD
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1103628000 USD
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1786000 USD
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54522000 USD
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1380000 USD
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1668106000 USD
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1992000 USD
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72736000 USD
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1597362000 USD
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20242000 USD
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12665000 USD
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1143548000 USD
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10822000 USD
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1462000 USD
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12665000 USD
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164000 USD
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CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
2421057000 USD
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
1177368000 USD
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
1026016000 USD
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
553436000 USD
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
2611827000 USD
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
620938000 USD
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
9108976000 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
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
48850000 USD
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1656000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
143000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
235000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
50598000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
60735000 USD
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1039000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
356000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
636000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
59976000 USD
CY2022Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
26925000 USD
CY2021Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
25494000 USD
CY2021 ocfc Number Of Loans Financing Receivable Past Due
NumberOfLoansFinancingReceivablePastDue
1 loan
CY2021Q4 ocfc Financing Receivable Commitments To Lend Additional Funds On Non Accrual Loans
FinancingReceivableCommitmentsToLendAdditionalFundsOnNonAccrualLoans
46000 USD
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
9108976000 USD
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
8622870000 USD
CY2022Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
19600000 USD
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
23600000 USD
CY2022Q1 ocfc Non Accrual Troubled Debt Restructurings
NonAccrualTroubledDebtRestructurings
11900000 USD
CY2021 ocfc Non Accrual Troubled Debt Restructurings
NonAccrualTroubledDebtRestructurings
11300000 USD
CY2021Q4 ocfc Specific Reserves On Nonaccrual Troubled Debt Restructurings
SpecificReservesOnNonaccrualTroubledDebtRestructurings
0 USD
CY2022Q1 ocfc Specific Reserves On Nonaccrual Troubled Debt Restructurings
SpecificReservesOnNonaccrualTroubledDebtRestructurings
0 USD
CY2022Q1 ocfc Financing Receivable Impaired Troubled Debt Restructuring Performing Loan Amount
FinancingReceivableImpairedTroubledDebtRestructuringPerformingLoanAmount
7700000 USD
CY2021Q4 ocfc Financing Receivable Impaired Troubled Debt Restructuring Performing Loan Amount
FinancingReceivableImpairedTroubledDebtRestructuringPerformingLoanAmount
12300000 USD
CY2021Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
145400000 USD
CY2022Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
2444833000 USD
CY2021Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
2412056000 USD
CY2022Q1 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
4287745000 USD
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
4201736000 USD
CY2022Q1 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
811588000 USD
CY2021Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
736090000 USD
CY2022Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
1624751000 USD
CY2021Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
1607933000 USD
CY2022Q1 us-gaap Time Deposits
TimeDeposits
887316000 USD
CY2021Q4 us-gaap Time Deposits
TimeDeposits
775001000 USD
CY2022Q1 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
104600000 USD
CY2022Q1 us-gaap Deposits
Deposits
10056233000 USD
CY2021Q4 us-gaap Deposits
Deposits
9732816000 USD
CY2022Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
75002000 USD
CY2021Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
0 USD
CY2022Q1 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
117782000 USD
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
118769000 USD
CY2022Q1 us-gaap Other Borrowings
OtherBorrowings
194396000 USD
CY2021Q4 us-gaap Other Borrowings
OtherBorrowings
229141000 USD
CY2022Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
387180000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
347910000 USD
CY2022Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
75000000 USD
CY2021Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
0 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
2700000 USD
CY2022Q1 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
257000 USD
CY2021Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
19800000 USD
CY2021Q4 ocfc Future Rent And Estimated Lease Termination Liability
FutureRentAndEstimatedLeaseTerminationLiability
8200000 USD
CY2022Q1 ocfc Numberof Finance Leases
NumberofFinanceLeases
1 lease
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14249000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17442000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1446000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1495000 USD
CY2022Q1 ocfc Leases Rightof Use Asset
LeasesRightofUseAsset
15695000 USD
CY2021Q4 ocfc Leases Rightof Use Asset
LeasesRightofUseAsset
18937000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
14720000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
17982000 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1854000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1904000 USD
CY2022Q1 ocfc Leases Liability
LeasesLiability
16574000 USD
CY2021Q4 ocfc Leases Liability
LeasesLiability
19886000 USD
CY2022Q1 ocfc Future Rent And Estimated Lease Termination Liability
FutureRentAndEstimatedLeaseTerminationLiability
8600000 USD
CY2022Q1 ocfc Lease Number Of Option To Renew
LeaseNumberOfOptionToRenew
1 renewal_term
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y10M9D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M19D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M6D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M2D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0284
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0297
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0563
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0563
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1258000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1490000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
50000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
50000 USD
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
26000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
29000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
1334000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
1569000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1162000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1450000 USD
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
26000 USD
CY2021Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
29000 USD
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
51000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
48000 USD
CY2022Q1 ocfc Number Of Store Branches Sold
NumberOfStoreBranchesSold
2 branch
ocfc Number Of Branch Locations Consolidated
NumberOfBranchLocationsConsolidated
4 branch
ocfc Number Of Branch Locations Consolidated
NumberOfBranchLocationsConsolidated
9 branch
CY2022Q1 ocfc Number Of Branch Locations Consolidated
NumberOfBranchLocationsConsolidated
10 branch
CY2022Q1 ocfc Number Of Deposit Gathering Locations Consolidated
NumberOfDepositGatheringLocationsConsolidated
1 location
CY2022Q1 ocfc Accelerated Lease Expense
AcceleratedLeaseExpense
62000 USD
CY2021Q1 ocfc Accelerated Lease Expense
AcceleratedLeaseExpense
980000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
307000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
3366000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
307000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
2579000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
307000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
2448000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
307000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
1879000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
307000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
1224000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
721000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
5283000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2256000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16779000 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
402000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2059000 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1854000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
14720000 USD

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