2013 Form 10-K Financial Statement

#000119312514099956 Filed on March 14, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $80.16M $21.51M
YoY Change -8.51% -8.23%
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 $4.200M $1.000M $1.100M
YoY Change 0.0% -16.67% 10.0%
% of Gross Profit
Operating Expenses $59.24M $13.24M $13.84M
YoY Change 13.08% 1.71% 5.39%
Operating Profit
YoY Change
Interest Expense $9.628M $3.172M $3.514M
YoY Change -31.73% -23.44% -19.61%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $24.94M $6.200M $7.639M
YoY Change -19.4% -27.06% -2.34%
Income Tax $8.613M $2.124M $2.680M
% Of Pretax Income 34.53% 34.26% 35.08%
Net Earnings $16.33M $4.041M $4.959M
YoY Change -18.43% -25.98% -2.27%
Net Earnings / Revenue 20.37% 23.05%
Basic Earnings Per Share $0.96 $0.23 $0.28
Diluted Earnings Per Share $0.95 $0.23 $0.28
COMMON SHARES
Basic Shares Outstanding 17.07M shares 18.01M shares 17.56M shares
Diluted Shares Outstanding 17.16M shares 17.62M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $62.54M
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 $24.00M $22.23M $22.23M
YoY Change 9.09% -0.12% 1.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.00M $9.000M
YoY Change 66.67%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.250B $2.269B $2.304B
YoY Change -0.84% -1.43% 0.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $68.00M $61.00M $72.00M
YoY Change 11.48% -7.58% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $68.00M $61.00M $72.00M
YoY Change 11.48% -7.58% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $28.00M $28.00M $28.00M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $18.00M $16.00M $11.00M
YoY Change 12.5% 128.57% 83.33%
Total Long-Term Liabilities $46.00M $44.00M $39.00M
YoY Change 4.55% 25.71% 14.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $68.00M $61.00M $72.00M
Total Long-Term Liabilities $46.00M $44.00M $39.00M
Total Liabilities $2.035B $2.049B $2.085B
YoY Change -0.68% -1.72% 0.91%
SHAREHOLDERS EQUITY
Retained Earnings $198.1M $196.2M
YoY Change 6.13%
Common Stock $336.0K $336.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $237.5M $235.8M
YoY Change 4.95%
Treasury Stock Shares 15.67M shares 15.55B shares
Shareholders Equity $214.0M $219.8M $219.7M
YoY Change
Total Liabilities & Shareholders Equity $2.250B $2.269B $2.304B
YoY Change -0.84% -1.43% 0.98%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $16.33M $4.041M $4.959M
YoY Change -18.43% -25.98% -2.27%
Depreciation, Depletion And Amortization $4.200M $1.000M $1.100M
YoY Change 0.0% -16.67% 10.0%
Cash From Operating Activities $35.46M $5.400M $1.100M
YoY Change 14.8% 500.0% -90.76%
INVESTING ACTIVITIES
Capital Expenditures $4.283M -$700.0K -$500.0K
YoY Change 64.73% 75.0% -16.67%
Acquisitions
YoY Change
Other Investing Activities -$27.10M $37.90M $7.100M
YoY Change -376.53% -1284.38% -214.52%
Cash From Investing Activities -$31.42M $37.30M $6.600M
YoY Change -533.81% -1136.11% -197.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.108M
YoY Change -31.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.62M -35.50M 7.800M
YoY Change -38.58% -462.24% -78.57%
NET CHANGE
Cash From Operating Activities 35.46M 5.400M 1.100M
Cash From Investing Activities -31.42M 37.30M 6.600M
Cash From Financing Activities -32.62M -35.50M 7.800M
Net Change In Cash -28.59M 7.200M 15.50M
YoY Change 90.79% 1.41% -62.65%
FREE CASH FLOW
Cash From Operating Activities $35.46M $5.400M $1.100M
Capital Expenditures $4.283M -$700.0K -$500.0K
Free Cash Flow $31.18M $6.100M $1.600M
YoY Change 10.21% 369.23% -87.2%

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CY2012Q4 ocfc Deferred Tax Asset Stock Option Plan
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CY2013Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
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CY2013Q4 us-gaap Common Stock Shares Outstanding
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2013Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
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CY2013Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
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CY2013Q4 us-gaap Preferred Stock Liquidation Preference
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CY2013Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
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CY2013Q4 us-gaap Weighted Average Rate Domestic Deposit Money Market
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CY2013Q4 us-gaap Capital To Risk Weighted Assets
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CY2013Q4 us-gaap Tier One Leverage Capital To Average Assets
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2013Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
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CY2013Q4 us-gaap Preferred Stock Shares Authorized
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CY2013Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
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CY2013Q4 ocfc Tangible Capital Required To Be Well Capitalized Amount
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2011 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
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CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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CY2011 us-gaap Interest Income Expense After Provision For Loan Loss
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CY2011 us-gaap Payments To Acquire Available For Sale Securities
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CY2011 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
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CY2011 us-gaap Repayments Of Federal Home Loan Bank Borrowings
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CY2011 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
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CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2011 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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450000
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CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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40000
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1172000
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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3004000
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427000
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3002000
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2333000
CY2011 us-gaap Fees And Commissions
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7600000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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904000
CY2011 us-gaap Payments For Repurchase Of Common Stock
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2147000
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1232000
CY2011 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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CY2011 us-gaap Provision For Loan And Lease Losses
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7750000
CY2011 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
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2964000
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283000
CY2011 us-gaap Equipment Expense
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6572000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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10000
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2454000
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1853000
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454000
CY2011 us-gaap Interest Expense
InterestExpense
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762000
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2075000
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11275000
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16000
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148000
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44000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2011 us-gaap Federal Deposit Insurance Corporation Premium Expense
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CY2011 us-gaap Current Income Tax Expense Benefit
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CY2011 us-gaap Interest Expense Negotiable Order Of Withdrawal Now Deposits
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CY2011 us-gaap Labor And Related Expense
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55000000
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514000
CY2011 us-gaap Other Noncash Expense
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CY2011 us-gaap Current Federal Tax Expense Benefit
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22000
CY2011 us-gaap Income Tax Expense Benefit
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11473000
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2665000
CY2011 ocfc Reserve For Loan Repurchases Loss On Loans Repurchased
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104000
CY2011 ocfc Unallocated Incentive Award Shares And Shares Held By Deferred Compensation Plan
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CY2011 ocfc Sale Of Stock For Deferred Compensation Plan
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13118000
CY2011 ocfc Check Card Processing
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CY2011 ocfc Marketable Securities Realized Gain
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0
CY2011 ocfc Unrealized Gains Loss On Securities Tax Expense
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2135000
CY2011 ocfc Non Accrual Troubled Debt Restructurings
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14491000
CY2011 ocfc Interest Income On Non Accrual Loans That Would Have Been Recognized If All Of Such Loans Had Been Current In Accordance With Their Original Terms
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2125000
CY2011 ocfc Net Loans Charged Off
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9220000
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3.14
CY2011 ocfc Average Balances Of Impaired Loans
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25472000
CY2011 ocfc Income Tax Reconciliation Deductions Earnings On Life Insurance
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410000
CY2011 ocfc Stock Based Compensation Expense Recorded On Executive Performance Based Stock Option Grants
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549000
CY2011 ocfc Marketable Securities Realized Loss
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0
CY2013 us-gaap Earnings Per Share Basic
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CY2013 dei Trading Symbol
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OCEANFIRST FINANCIAL CORP
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Yes
CY2013 dei Amendment Flag
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false
CY2013 dei Entity Filer Category
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Accelerated Filer
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2013
CY2013 dei Document Type
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10-K
CY2013 dei Document Period End Date
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2013-12-31
CY2013 dei Entity Central Index Key
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0001004702
CY2013 dei Entity Well Known Seasoned Issuer
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No
CY2013 dei Current Fiscal Year End Date
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--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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2703 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2013 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
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P5Y3M18D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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234676 shares
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17157000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.29 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
13.85
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2013 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
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P3Y7M6D
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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13.89
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CY2013 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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1141000
CY2013 us-gaap Nature Of Operations
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Business</b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px" align="justify"> <font style="FONT-FAMILY: Times New Roman" size="2">The Bank provides a range of community banking services to customers through a network of branches in Ocean, Monmouth and Middlesex counties in New Jersey. The Bank is subject to competition from other financial institutions; it is also subject to the regulations of certain regulatory agencies and undergoes periodic examinations by those regulatory authorities.</font></p> </div>
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86000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P7Y
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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CY2013 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate
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14.78
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.0327 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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35458000
CY2013 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Weighted Average Life1
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P9Y6M
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2013 us-gaap Weighted Average Number Of Shares Issued Basic
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17614000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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17071000 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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5147 shares
CY2013 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
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446000 shares
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29916 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2013 us-gaap Repayments Of Federal Home Loan Bank Borrowings
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225000000
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847000
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65000
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1163000
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233000
CY2013 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Prepayment Speed
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0.086 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
14296 shares
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70529000
CY2013 us-gaap Interest Income Expense After Provision For Loan Loss
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67729000
CY2013 us-gaap Comprehensive Income Net Of Tax
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9662000
CY2013 us-gaap Increase Decrease In Interest And Dividends Receivable
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-596000
CY2013 us-gaap Interest Income Securities Mortgage Backed
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7403000
CY2013 us-gaap Payments To Acquire Available For Sale Securities
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28292000
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8239000
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30119000
CY2013 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
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127582000
CY2013 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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46000
CY2013 us-gaap Interest Paid
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31000
CY2013 us-gaap Amortization Of Esop Award
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538000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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24943000
CY2013 us-gaap Interest And Dividend Income Operating
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80157000
CY2013 us-gaap Interest And Fee Income Loans And Leases
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69863000
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16330000
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24917000
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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-105000
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-3667000
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49000
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1404000
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-6768000
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748000
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2138000
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2891000
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7992000
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671000
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8108000
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-31000
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16999000
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4283000
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915000
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27092000
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75460000
CY2013 us-gaap Information Technology And Data Processing
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3996000
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3356000
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19000
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5907000
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2800000
CY2013 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
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2116000
CY2013 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
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87000
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
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8108000
CY2013 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
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124000
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2724000
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8239000
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4919000
CY2013 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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3986000
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24017000
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11000
CY2013 us-gaap Share Based Compensation
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671000
CY2013 us-gaap Depreciation And Amortization
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2832000
CY2013 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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19128000
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt
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112513000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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1632000
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2949000
CY2013 us-gaap Current State And Local Tax Expense Benefit
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1313000
CY2013 us-gaap Servicing Asset At Amortized Value Amortization1
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1385000
CY2013 us-gaap Proceeds From Sale Of Available For Sale Securities
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1244000
CY2013 us-gaap Employee Stock Ownership Plan Esop Dividends Paid To Esop
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221000
CY2013 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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3725000
CY2013 us-gaap Interest Expense Money Market Deposits
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165000
CY2013 us-gaap Interest Expense
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9628000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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642000
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4674000
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809000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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8730000
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CY2013 us-gaap Allowance For Loan And Lease Losses Write Offs
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0
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1260000
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2141000
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10248000
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1408000
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5562000
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1768000
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187000
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538000
CY2013 us-gaap Lease And Rental Expense
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2378000
CY2013 us-gaap Labor And Related Expense
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28762000
CY2013 us-gaap Proceeds From Federal Home Loan Bank Advances
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70000000
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45395000
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501000
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8935000
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-122000
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8613000
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975000
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0.20 pure
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88000
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975000
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3584000
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579000
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P90D
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265000
CY2013 ocfc Settlement Of Repurchase Obligation
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450000
CY2013 ocfc Percentage Of Transactions Between Federal Home Loan Bank And Bank
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0.045 pure
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915000
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97000 shares
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0.20 pure
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P90D
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0.0020 pure
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0.015 pure
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0.0015 pure
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250000
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5
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215000
CY2013 ocfc Accruing Troubled Debt Restructuring In Compliance With Modified Terms
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21456000
CY2013 ocfc Check Card Processing
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2449000
CY2013 ocfc Shares To Be Purchased For Esop From Borrowed Fund
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2013137 shares
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875000
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P90D
CY2013 ocfc Loans Sold To Fhlb Under Loss Sharing Arrangement First Loss Position
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0.01 pure
CY2013 ocfc Marketable Securities Realized Gain
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46000
CY2013 ocfc Share Based Compensation Arrangement By Share Based Payment Award Remaining Award Vesting Period
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P2Y8M12D
CY2013 ocfc Recoveries Of Covered Loans Charged Off
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205000
CY2013 ocfc Unrealized Gains Loss On Securities Tax Expense
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-4605000
CY2013 ocfc Reserve For Loan Repurchases Recovery
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205000
CY2013 ocfc Non Accrual Troubled Debt Restructurings
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9663000
CY2013 ocfc Interest Income On Non Accrual Loans That Would Have Been Recognized If All Of Such Loans Had Been Current In Accordance With Their Original Terms
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2040000
CY2013 ocfc Net Loans Charged Off
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2380000
CY2013 ocfc Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Estimated Fair Value Of Options Granted
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3.01
CY2013 ocfc Securities Transferred From Available For Sale To Held To Maturity
SecuritiesTransferredFromAvailableForSaleToHeldToMaturity
536010000
CY2013 ocfc Average Balances Of Impaired Loans
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38587000
CY2013 ocfc Maturity Period Of Short Term Interest Bearing Securities Included In Cash And Cash Equivalents
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CY2013 ocfc Purchase Of Stock For Deferred Compensation Plan
PurchaseOfStockForDeferredCompensationPlan
CY2013 ocfc Income Tax Reconciliation Deductions Earnings On Life Insurance
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491000
CY2013 ocfc Loans Sold To Fhlb Under Loss Sharing Arrangement Maximum Loss Position
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0.040 pure
CY2013 ocfc Stock Based Compensation Expense Recorded On Executive Performance Based Stock Option Grants
StockBasedCompensationExpenseRecordedOnExecutivePerformanceBasedStockOptionGrants
502000
CY2013 ocfc Floating Rate Debt Securities Interest Rate During Period
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Over 90-day LIBOR
CY2013 ocfc Floating Rate Debt Securities Principal Amount Maturity Period
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2028 or prior if called by the issuer
CY2013 ocfc Floating Rate Securities Purchased In Prior Period
FloatingRateSecuritiesPurchasedInPriorPeriod
1998
CY2013 ocfc Marketable Securities Realized Loss
MarketableSecuritiesRealizedLoss
0
CY2013 ocfc Interest Payment Period
InterestPaymentPeriod
P7Y
CY2013 ocfc Federal Home Loan Bank Advances Prepayment Fees Before Tax
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4265000
CY2013 ocfc Other Comprehensive Income Loss Transfers From Available For Sale Securities To Held To Maturity
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13356000
CY2013 ocfc Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred From Available For Sale Securities Before Tax
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13300000
CY2013 ocfc Stock Option Expiration Period From Date Of Grant
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P10Y
CY2013 ocfc Tax Expense Benefit From Shared Based Compensation
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31000
CY2013 ocfc Mortgage Loan Sold On Real Estate Maturity Period
MortgageLoanSoldOnRealEstateMaturityPeriod
P15Y
CY2013 ocfc Percentage Of Estimated Selling Cost On Loans Measured For Impairment
PercentageOfEstimatedSellingCostOnLoansMeasuredForImpairment
0.15 pure
CY2013 ocfc Loss On Fhlb Loan Sales
LossOnFhlbLoanSales
465000
CY2013 ocfc Other Comprehensive Income Accretion Of Net Unrealized Losses On Held To Maturity Securities Net Of Tax
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-127000
CY2013 ocfc Trust And Asset Management Revenue
TrustAndAssetManagementRevenue
2174000
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5535 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
19513 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0140 pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
17.92
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
342343 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17829000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.29 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
13.20
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
18.28
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
CY2012 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
99000 shares
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
14.52
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.83
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.83
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0347 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30888000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.55
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
270250 shares
CY2012 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
18303000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17730000 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
36218 shares
CY2012 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
480000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
202928 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1253000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
14393 shares
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
73512000
CY2012 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
65612000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22537000
CY2012 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
-456000
CY2012 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
8509000
CY2012 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
74390000
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8579000
CY2012 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
20037000
CY2012 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
94663000
CY2012 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
41000000
CY2012 us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
-10000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
419000
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
9018000
CY2012 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
3968000
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-937000
CY2012 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
233000
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-134000
CY2012 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
1464000
CY2012 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
226000
CY2012 us-gaap Interest Paid
InterestPaid
14151000
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
608000
CY2012 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
480000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
30947000
CY2012 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
87615000
CY2012 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
76168000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
20020000
CY2012 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-27050000
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
CY2012 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
295000
CY2012 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-3466000
CY2012 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
12000
CY2012 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
170999000
CY2012 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1338000
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
2651000
CY2012 us-gaap Servicing Fees Net
ServicingFeesNet
538000
CY2012 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
4718000
CY2012 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
2938000
CY2012 us-gaap Fees And Commissions
FeesAndCommissions
7542000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
591000
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11897000
CY2012 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-1099000
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
-608000
CY2012 us-gaap Noninterest Income
NoninterestIncome
18226000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2600000
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-273000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2517000
CY2012 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
13588000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
118372000
CY2012 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3632000
CY2012 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
4050000
CY2012 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
158000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53114000
CY2012 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
92000
CY2012 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
6196000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
649000
CY2012 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
7900000
CY2012 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
3105000
CY2012 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
66000
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
11897000
CY2012 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
201000
CY2012 us-gaap Equipment Expense
EquipmentExpense
2632000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8579000
CY2012 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
6556000
CY2012 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
5495000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
106000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
591000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2626000
CY2012 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
10868000
CY2012 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-5310000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-14983000
CY2012 us-gaap Marketing Expense
MarketingExpense
1633000
CY2012 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
3949000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1385000
CY2012 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
1633000
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1221000
CY2012 us-gaap Employee Stock Ownership Plan Esop Dividends Paid To Esop
EmployeeStockOwnershipPlanESOPDividendsPaidToESOP
238000
CY2012 us-gaap Interest Expense Money Market Deposits
InterestExpenseMoneyMarketDeposits
361000
CY2012 us-gaap Interest Expense
InterestExpense
14103000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
757000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1831000
CY2012 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
860000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
10831000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
664000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7243000
CY2012 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-7084000
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1076000
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
419000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-15000
CY2012 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
2113000
CY2012 us-gaap Interest Expense Deposits
InterestExpenseDeposits
7547000
CY2012 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
176903000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10278000
CY2012 us-gaap Interest Expense Negotiable Order Of Withdrawal Now Deposits
InterestExpenseNegotiableOrderOfWithdrawalNOWDeposits
2878000
CY2012 us-gaap Occupancy Net
OccupancyNet
5074000
CY2012 us-gaap Professional Fees
ProfessionalFees
2546000
CY2012 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
359000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
480000
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2034000
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
27610000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
28049000
CY2012 us-gaap Other Noncash Expense
OtherNoncashExpense
819000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8893000
CY2012 us-gaap Operating Expenses
OperatingExpenses
52891000
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-26000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10927000
CY2012 ocfc Reserve For Loan Repurchases Provision
ReserveForLoanRepurchasesProvision
750000
CY2012 ocfc Payments To Acquire Bank Owned Life Insurance
PaymentsToAcquireBankOwnedLifeInsurance
10000000
CY2012 ocfc Provision For Repurchased Loans
ProvisionForRepurchasedLoans
750000
CY2012 ocfc Credit And Debit Card Revenue
CreditAndDebitCardRevenue
3100000
CY2012 ocfc Reserve For Loan Repurchases Loss On Loans Repurchased
ReserveForLoanRepurchasesLossOnLoansRepurchased
252000
CY2012 ocfc Unallocated Incentive Award Shares And Shares Held By Deferred Compensation Plan
UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
93000 shares
CY2012 ocfc Sale Of Stock For Deferred Compensation Plan
SaleOfStockForDeferredCompensationPlan
CY2012 ocfc Securities Sold Under Repurchase Agreements Weighted Average Interest Rate
SecuritiesSoldUnderRepurchaseAgreementsWeightedAverageInterestRate
0.0026 pure
CY2012 ocfc Number Of Loan Repurchase Requests
NumberOfLoanRepurchaseRequests
12
CY2012 ocfc Accruing Troubled Debt Restructuring In Compliance With Modified Terms
AccruingTroubledDebtRestructuringInComplianceWithModifiedTerms
17733000
CY2012 ocfc Check Card Processing
CheckCardProcessing
1455000
CY2012 ocfc Marketable Securities Realized Gain
MarketableSecuritiesRealizedGain
226000
CY2012 ocfc Unrealized Gains Loss On Securities Tax Expense
UnrealizedGainsLossOnSecuritiesTaxExpense
1739000
CY2012 ocfc Non Accrual Troubled Debt Restructurings
NonAccrualTroubledDebtRestructurings
18160000
CY2012 ocfc Interest Income On Non Accrual Loans That Would Have Been Recognized If All Of Such Loans Had Been Current In Accordance With Their Original Terms
InterestIncomeOnNonAccrualLoansThatWouldHaveBeenRecognizedIfAllOfSuchLoansHadBeenCurrentInAccordanceWithTheirOriginalTerms
2432000
CY2012 ocfc Net Loans Charged Off
NetLoansChargedOff
5620000
CY2012 ocfc Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Estimated Fair Value Of Options Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageEstimatedFairValueOfOptionsGranted
2.69
CY2012 ocfc Average Balances Of Impaired Loans
AverageBalancesOfImpairedLoans
36574000
CY2012 ocfc Income Tax Reconciliation Deductions Earnings On Life Insurance
IncomeTaxReconciliationDeductionsEarningsOnLifeInsurance
468000
CY2012 ocfc Stock Based Compensation Expense Recorded On Executive Performance Based Stock Option Grants
StockBasedCompensationExpenseRecordedOnExecutivePerformanceBasedStockOptionGrants
442000
CY2012 ocfc Marketable Securities Realized Loss
MarketableSecuritiesRealizedLoss
0
CY2012 ocfc Tax Expense Benefit From Shared Based Compensation
TaxExpenseBenefitFromSharedBasedCompensation
608000
CY2012 ocfc Trust And Asset Management Revenue
TrustAndAssetManagementRevenue
1512000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
4987000
CY2013Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
800000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17190000
CY2013Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
16090000
CY2013Q1 us-gaap Interest Income Operating
InterestIncomeOperating
20052000
CY2013Q1 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
6833000
CY2013Q1 us-gaap Other Income
OtherIncome
3409000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
4436000
CY2013Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1100000
CY2013Q1 us-gaap Interest Expense
InterestExpense
2862000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
12666000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2397000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2012Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
19105000
CY2012Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
17405000
CY2012Q1 us-gaap Interest Income Operating
InterestIncomeOperating
22863000
CY2012Q1 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
8775000
CY2012Q1 us-gaap Other Income
OtherIncome
4311000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
5647000
CY2012Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1700000
CY2012Q1 us-gaap Interest Expense
InterestExpense
3758000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
12941000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3128000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2012Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
18390000
CY2012Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
16690000
CY2012Q2 us-gaap Interest Income Operating
InterestIncomeOperating
22049000
CY2012Q2 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
8368000
CY2012Q2 us-gaap Other Income
OtherIncome
4545000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
5373000
CY2012Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1700000
CY2012Q2 us-gaap Interest Expense
InterestExpense
3659000
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
12867000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2995000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17544000
CY2013Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
16744000
CY2013Q2 us-gaap Interest Income Operating
InterestIncomeOperating
20161000
CY2013Q2 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
7761000
CY2013Q2 us-gaap Other Income
OtherIncome
4741000
CY2013Q2 us-gaap Interest Expense
InterestExpense
2617000
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
13724000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2774000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
18000000
CY2012Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
16600000
CY2012Q3 us-gaap Interest Income Operating
InterestIncomeOperating
21514000
CY2012Q3 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
7639000
CY2012Q3 us-gaap Other Income
OtherIncome
4878000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
4959000
CY2012Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1400000
CY2012Q3 us-gaap Interest Expense
InterestExpense
3514000
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
13839000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2680000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17544000
CY2013Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
16844000
CY2013Q3 us-gaap Interest Income Operating
InterestIncomeOperating
19984000
CY2013Q3 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
7626000
CY2013Q3 us-gaap Other Income
OtherIncome
4566000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
4968000
CY2013Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
700000
CY2013Q3 us-gaap Interest Expense
InterestExpense
2440000
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
13784000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2658000
CY2011Q4 ocfc Mortgage Loan On Real Estate Days Delinquent
MortgageLoanOnRealEstateDaysDelinquent
P120D
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2012Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
18017000
CY2012Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
14917000
CY2012Q4 us-gaap Interest Income Operating
InterestIncomeOperating
21189000
CY2012Q4 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
6165000
CY2012Q4 us-gaap Other Income
OtherIncome
4492000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
4041000
CY2012Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3100000
CY2012Q4 us-gaap Interest Expense
InterestExpense
3172000
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
13244000
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2124000
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2013Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
18251000
CY2013Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
18051000
CY2013Q4 us-gaap Interest Income Operating
InterestIncomeOperating
19960000
CY2013Q4 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
2723000
CY2013Q4 us-gaap Other Income
OtherIncome
4283000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
1939000
CY2013Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
200000
CY2013Q4 us-gaap Interest Expense
InterestExpense
1709000
CY2013Q4 us-gaap Operating Expenses
OperatingExpenses
19611000
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
784000

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