$OCFC
OCEANFIRST FINANCIAL CORP

2016 Q4 Form 10-Q Financial Statement

#000119312516763766 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $39.90M $37.31M $21.97M
YoY Change 72.38% 69.81% 9.08%
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 $1.800M $1.500M $1.000M
YoY Change 100.0% 50.0% -9.09%
% of Gross Profit
Operating Expenses $25.83M $23.72M $15.12M
YoY Change 62.63% 56.88% 4.75%
Operating Profit
YoY Change
Interest Expense $4.150M $3.372M $2.395M
YoY Change 68.63% 40.79% 17.29%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.000M $13.92M $7.280M
YoY Change 12.5% 91.17% -8.49%
Income Tax $2.984M $4.789M $2.582M
% Of Pretax Income 33.16% 34.41% 35.47%
Net Earnings $6.052M $9.128M $4.698M
YoY Change 15.72% 94.3% -9.04%
Net Earnings / Revenue 15.17% 24.47% 21.38%
Basic Earnings Per Share $0.22 $0.36 $0.28
Diluted Earnings Per Share $0.22 $0.35 $0.28
COMMON SHARES
Basic Shares Outstanding 25.85M shares 25.44M shares 16.73M shares
Diluted Shares Outstanding 25.89M shares 16.95M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $301.4M
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 $71.39M $51.24M $28.72M
YoY Change 151.19% 78.42% 16.33%
Goodwill $145.1M $66.54M $1.845M
YoY Change 7861.8% 3506.34%
Intangibles $10.92M $3.722M $269.0K
YoY Change 4167.19% 1283.64%
Long-Term Investments
YoY Change
Other Assets $39.00M $39.00M $18.00M
YoY Change 129.41% 116.67% 12.5%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.167B $4.151B $2.558B
YoY Change 99.26% 62.28% 10.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $70.00M $69.00M $78.00M
YoY Change -7.89% -11.54% 27.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $70.00M $69.00M $78.00M
YoY Change -7.89% -11.54% 27.87%
LONG-TERM LIABILITIES
Long-Term Debt $57.00M $56.00M $28.00M
YoY Change 147.83% 100.0% 0.0%
Other Long-Term Liabilities $30.00M $32.00M $17.00M
YoY Change 100.0% 88.24% 13.33%
Total Long-Term Liabilities $87.00M $88.00M $45.00M
YoY Change 128.95% 95.56% 4.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.00M $69.00M $78.00M
Total Long-Term Liabilities $87.00M $88.00M $45.00M
Total Liabilities $4.595B $3.734B $2.323B
YoY Change 95.15% 60.72% 11.16%
SHAREHOLDERS EQUITY
Retained Earnings $238.2M $236.5M $226.1M
YoY Change 3.95% 4.58% 5.19%
Common Stock $364.8M $309.3M $269.7M
YoY Change 35.05% 14.7% 80158.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.55M $120.1M $251.7M
YoY Change -91.03% -52.28% 0.26%
Treasury Stock Shares 1.430M shares 7.716M shares 16.29M shares
Shareholders Equity $571.9M $417.2M $234.7M
YoY Change
Total Liabilities & Shareholders Equity $5.167B $4.151B $2.558B
YoY Change 99.26% 62.28% 10.79%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $6.052M $9.128M $4.698M
YoY Change 15.72% 94.3% -9.04%
Depreciation, Depletion And Amortization $1.800M $1.500M $1.000M
YoY Change 100.0% 50.0% -9.09%
Cash From Operating Activities -$12.50M $30.00M $5.900M
YoY Change -295.31% 408.47% -16.9%
INVESTING ACTIVITIES
Capital Expenditures -$2.100M -$3.200M -$1.400M
YoY Change 162.5% 128.57% 40.0%
Acquisitions
YoY Change
Other Investing Activities $18.50M $129.6M -$9.800M
YoY Change -143.22% -1422.45% -278.18%
Cash From Investing Activities $16.30M $126.4M -$11.10M
YoY Change -137.3% -1238.74% -352.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.10M 89.00M 15.50M
YoY Change -146.08% 474.19% -156.16%
NET CHANGE
Cash From Operating Activities -12.50M 30.00M 5.900M
Cash From Investing Activities 16.30M 126.4M -11.10M
Cash From Financing Activities -14.10M 89.00M 15.50M
Net Change In Cash -10.30M 245.4M 10.30M
YoY Change 53.73% 2282.52% -163.98%
FREE CASH FLOW
Cash From Operating Activities -$12.50M $30.00M $5.900M
Capital Expenditures -$2.100M -$3.200M -$1.400M
Free Cash Flow -$10.40M $33.20M $7.300M
YoY Change -244.44% 354.79% -9.88%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
3024341000
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
310000
CY2016Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
25850788 shares
CY2015Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16534000
CY2015Q3 us-gaap Cash And Due From Banks
CashAndDueFromBanks
50576000
CY2015Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16638000
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
234688000
CY2015Q3 ocfc Reserve For Loan Repurchases And Losses
ReserveForLoanRepurchasesAndLosses
1032000
CY2016Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
503000
CY2016Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16678000
CY2016Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
489173000
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
15617000
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
269000
CY2016Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
400054000
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
15348000
CY2016Q3 us-gaap Cash And Due From Banks
CashAndDueFromBanks
311583000
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25850956 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33566772 shares
CY2016Q3 us-gaap Assets
Assets
4151017000
CY2016Q3 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
18289000
CY2016Q3 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
251146000
CY2016Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
470642000
CY2016Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
1002000
CY2016Q3 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
8287000
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
55000000 shares
CY2016Q3 us-gaap Deposits
Deposits
3324681000
CY2016Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
308979000
CY2016Q3 us-gaap Certain Loans And Debt Securities Acquired In Transfer No Allowance Recorded And No Subsequent Impairment
CertainLoansAndDebtSecuritiesAcquiredInTransferNoAllowanceRecordedAndNoSubsequentImpairment
5836000
CY2016Q3 us-gaap Common Stock Held In Trust
CommonStockHeldInTrust
310000
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
336000
CY2016Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
39391000
CY2016Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
34907000
CY2016Q3 us-gaap Common Stock Issued Employee Trust Deferred
CommonStockIssuedEmployeeTrustDeferred
2832000
CY2016Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
15026000
CY2016Q3 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
106433000
CY2016Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5611000
CY2016Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
2497000
CY2016Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
307000
CY2016Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
1000000
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
478727000
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
24571000
CY2016Q3 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
16507000
CY2016Q3 us-gaap Other Assets
OtherAssets
11543000
CY2016Q3 us-gaap Other Liabilities
OtherLiabilities
24182000
CY2016Q3 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
13842000
CY2016Q3 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
480136000
CY2016Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
34907000
CY2016Q3 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
3048912000
CY2016Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
269000
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3722000
CY2016Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
15617000
CY2016Q3 us-gaap Liabilities
Liabilities
3733773000
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4151017000
CY2016Q3 us-gaap Goodwill
Goodwill
66537000
CY2016Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage
21679000
CY2016Q3 us-gaap Notes Receivable Net
NotesReceivableNet
1688496000
CY2016Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
512957000
CY2016Q3 us-gaap Interest Receivable
InterestReceivable
9396000
CY2016Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
3048912000
CY2016Q3 us-gaap Other Borrowings
OtherBorrowings
56399000
CY2016Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
33905000
CY2016Q3 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
1451083000
CY2016Q3 us-gaap Other Real Estate
OtherRealEstate
9107000
CY2016Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3014005000
CY2016Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
29900000
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
3028696000
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51243000
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
417244000
CY2016Q3 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
69078000
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
236472000
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
7715816 shares
CY2016Q3 us-gaap Time Deposits
TimeDeposits
471414000
CY2016Q3 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
199400000
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
120100000
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
259000
CY2016Q3 ocfc Debt Securities Maturities After Ten Years Amortized Cost
DebtSecuritiesMaturitiesAfterTenYearsAmortizedCost
55000000
CY2016Q3 ocfc Debt Securities Maturities After Ten Years Fair Value
DebtSecuritiesMaturitiesAfterTenYearsFairValue
47895000
CY2016Q3 ocfc Debt Securities Maturities After Five Through Ten Years Fair Value
DebtSecuritiesMaturitiesAfterFiveThroughTenYearsFairValue
19223000
CY2016Q3 ocfc Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDueAndStillAccruing
0
CY2016Q3 ocfc Loans And Leases Deferred Origination Costs
LoansAndLeasesDeferredOriginationCosts
3407000
CY2016Q3 ocfc Available For Sale Securities And Held To Maturity Amortized Cost
AvailableForSaleSecuritiesAndHeldToMaturityAmortizedCost
482625000
CY2016Q3 ocfc Debt Securities Maturities Within One Year Amortized Cost
DebtSecuritiesMaturitiesWithinOneYearAmortizedCost
16654000
CY2016Q3 ocfc Debt Securities Maturities Fair Value
DebtSecuritiesMaturitiesFairValue
133373000
CY2016Q3 ocfc Debt Securities Maturities After One Through Five Years Amortized Cost
DebtSecuritiesMaturitiesAfterOneThroughFiveYearsAmortizedCost
49095000
CY2016Q3 ocfc Debt Securities Maturities Within One Year Fair Value
DebtSecuritiesMaturitiesWithinOneYearFairValue
16671000
CY2016Q3 ocfc Specific Reserves On Nonaccrual Troubled Debt Restructurings
SpecificReservesOnNonaccrualTroubledDebtRestructurings
30000
CY2016Q3 ocfc Available For Sale Securities And Held To Maturity Securities Gross Unrealized Gain
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedGain
6192000
CY2016Q3 ocfc Debt Securities Maturities Amortized Cost
DebtSecuritiesMaturitiesAmortizedCost
139774000
CY2016Q3 ocfc Debt Securities Maturities After Five Through Ten Years Amortized Cost
DebtSecuritiesMaturitiesAfterFiveThroughTenYearsAmortizedCost
19025000
CY2016Q3 ocfc Available For Sale Securities And Held To Maturity Securities Gross Unrealized Loss
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedLoss
7593000
CY2016Q3 ocfc Debt Securities Maturities After One Through Five Years Fair Value
DebtSecuritiesMaturitiesAfterOneThroughFiveYearsFairValue
49584000
CY2016Q3 ocfc Reserve For Loan Repurchases And Losses
ReserveForLoanRepurchasesAndLosses
986000
CY2016Q3 ocfc Loans And Leases Receivable Impaired Troubled Debt Restructuring Performing Loan Amount
LoansAndLeasesReceivableImpairedTroubledDebtRestructuringPerformingLoanAmount
26400000
CY2016Q3 ocfc Available For Sale And Held To Maturity Securities Amount Callable Fair Value Disclosure
AvailableForSaleAndHeldToMaturitySecuritiesAmountCallableFairValueDisclosure
53500000
CY2016Q3 ocfc Available For Sale And Held To Maturity Securities Amount Callable Amortized Cost
AvailableForSaleAndHeldToMaturitySecuritiesAmountCallableAmortizedCost
60500000
CY2016Q3 ocfc Available For Sale Securities And Held To Maturity Securities Estimated Fair Value
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesEstimatedFairValue
481224000
CY2016Q3 ocfc Loans And Leases Receivable Before Fees Gross Including Purchased Credit Impaired Loans
LoansAndLeasesReceivableBeforeFeesGrossIncludingPurchasedCreditImpairedLoans
3054748000
CY2014Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
36117000
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16317000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
218259000
CY2015Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
310989000
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16722000
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1339000
CY2015Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1972749000
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
314000
CY2015Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
153196000
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
15383000
CY2015Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
43946000
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17286557 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33566772 shares
CY2015Q4 us-gaap Assets
Assets
2593068000
CY2015Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
19978000
CY2015Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
324385000
CY2015Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
394813000
CY2015Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3195000
CY2015Q4 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
7121000
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
55000000 shares
CY2015Q4 us-gaap Deposits
Deposits
1916678000
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
269757000
CY2015Q4 us-gaap Certain Loans And Debt Securities Acquired In Transfer No Allowance Recorded And No Subsequent Impairment
CertainLoansAndDebtSecuritiesAcquiredInTransferNoAllowanceRecordedAndNoSubsequentImpairment
461000
CY2015Q4 us-gaap Common Stock Held In Trust
CommonStockHeldInTrust
314000
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
336000
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
16807000
CY2015Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
38372000
CY2015Q4 us-gaap Common Stock Issued Employee Trust Deferred
CommonStockIssuedEmployeeTrustDeferred
3045000
CY2015Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
15109000
CY2015Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
57549000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6241000
CY2015Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
29902000
CY2015Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
75000
CY2015Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
1000000
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
397763000
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
25189000
CY2015Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
18274000
CY2015Q4 us-gaap Other Assets
OtherAssets
10900000
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
8066000
CY2015Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
14206000
CY2015Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
405361000
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
38372000
CY2015Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1997938000
CY2015Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1339000
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
256000
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16722000
CY2015Q4 us-gaap Liabilities
Liabilities
2354622000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2593068000
CY2015Q4 us-gaap Goodwill
Goodwill
1822000
CY2015Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage
2697000
CY2015Q4 us-gaap Notes Receivable Net
NotesReceivableNet
962772000
CY2015Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
337143000
CY2015Q4 us-gaap Interest Receivable
InterestReceivable
5860000
CY2015Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1997938000
CY2015Q4 us-gaap Other Borrowings
OtherBorrowings
22500000
CY2015Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
35177000
CY2015Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
859927000
CY2015Q4 us-gaap Other Real Estate
OtherRealEstate
8827000
CY2015Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1959566000
CY2015Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
31300000
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2015Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1970703000
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28419000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
238446000
CY2015Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
75872000
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
229140000
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
16280215 shares
CY2015Q4 us-gaap Time Deposits
TimeDeposits
255423000
CY2015Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
119600000
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
251501000
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
589000
CY2015Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
127789000
CY2015Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
129057000
CY2015Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
256846000
CY2015Q4 ocfc Loans And Leases Deferred Origination Costs
LoansAndLeasesDeferredOriginationCosts
3232000
CY2015Q4 ocfc Available For Sale Securities And Held To Maturity Amortized Cost
AvailableForSaleSecuritiesAndHeldToMaturityAmortizedCost
435267000
CY2015Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAggregateLosses
10522000
CY2015Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAggregateLosses
706000
CY2015Q4 ocfc Specific Reserves On Nonaccrual Troubled Debt Restructurings
SpecificReservesOnNonaccrualTroubledDebtRestructurings
262000
CY2015Q4 ocfc Available For Sale Securities And Held To Maturity Securities Gross Unrealized Gain
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedGain
3626000
CY2015Q4 ocfc Available For Sale Securities And Held To Maturity Securities Gross Unrealized Loss
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesGrossUnrealizedLoss
11228000
CY2015Q4 ocfc Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Aggregate Losses
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionAggregateLosses
11228000
CY2015Q4 ocfc Loans And Leases Receivable Impaired Troubled Debt Restructuring Performing Loan Amount
LoansAndLeasesReceivableImpairedTroubledDebtRestructuringPerformingLoanAmount
26300000
CY2015Q4 ocfc Available For Sale Securities And Held To Maturity Securities Estimated Fair Value
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesEstimatedFairValue
427665000
CY2015Q4 ocfc Loans And Leases Receivable Before Fees Gross Including Purchased Credit Impaired Loans
LoansAndLeasesReceivableBeforeFeesGrossIncludingPurchasedCreditImpairedLoans
1998399000
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
1485000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
124290000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1583000
us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
20000 shares
us-gaap Equipment Expense
EquipmentExpense
2562000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
740000 shares
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
440000
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
6042000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
86000
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
637000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
985000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
14459000
us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome
140000
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
440000
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
900000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1264000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
6420000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2370000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15876000
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
246000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1158000
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6496000
us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
13000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1545000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-3514000
us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
1722000
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
4602000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3382000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
56553000
us-gaap Interest Paid
InterestPaid
6629000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
107776000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
1232000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2624000
us-gaap Income Taxes Paid
IncomeTaxesPaid
7862000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
23508000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
142400000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
9973000
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
35861000
us-gaap Operating Expenses
OperatingExpenses
44277000
us-gaap Net Income Loss
NetIncomeLoss
15093000
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
309000
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
130455000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
4005000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23198000
us-gaap Interest Expense
InterestExpense
6574000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-51288000
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
2122000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
3490000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
55166000
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
50000
us-gaap Occupancy Net
OccupancyNet
4204000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6457000
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
22054000
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
6758000
us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
46791000
us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
-111000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
783000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1858000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
204000 shares
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
125000
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
1657000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
56141000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6496000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
44234000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
181000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3084000
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
40255000
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
276000
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
11818000
us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
1560000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
18000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
62715000
us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
40000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8105000
us-gaap Marketing Expense
MarketingExpense
1087000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
21513000
us-gaap Noninterest Income
NoninterestIncome
12309000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3076000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
84000
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
8509000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6457000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16746000 shares
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
382000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16522000 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
250000
us-gaap Servicing Fees Net
ServicingFeesNet
186000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
250000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
975000
us-gaap Professional Fees
ProfessionalFees
1324000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-107619000
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
42787000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
16954000 shares
us-gaap Share Based Compensation
ShareBasedCompensation
985000
ocfc Average Balances Of Impaired Loans
AverageBalancesOfImpairedLoans
40900000
ocfc Other Comprehensive Income Accretion Of Fair Value Adjustment On Held To Maturity Securities Tax
OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax
415000
ocfc Gain Loss On Sale Of Loan Servicing
GainLossOnSaleOfLoanServicing
111000
ocfc Non Cash Or Part Non Cash Acquisition Loans
NonCashOrPartNonCashAcquisitionLoans
121196000
ocfc Noncash Or Part Noncash Acquisition Other Real Estate Owned
NoncashOrPartNoncashAcquisitionOtherRealEstateOwned
257000
ocfc Excess Tax Expense Benefit From Share Based Compensation Financing Activities
ExcessTaxExpenseBenefitFromShareBasedCompensationFinancingActivities
13000
ocfc Unallocated Incentive Award Shares And Shares Held By Deferred Compensation Plan
UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
50000 shares
ocfc Noncash Or Part Noncash Acquisition Advances To Federal Home Loan Bank
NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank
314000
ocfc Noncash Or Part Noncash Acquisition Federal Home Loan Bank Advances
NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances
6800000
ocfc Credit And Debit Card Revenue
CreditAndDebitCardRevenue
2611000
ocfc Net Loans Charged Off
NetLoansChargedOff
654000
ocfc Noncash Or Part Noncash Acquisition Deposits Assumed
NoncashOrPartNoncashAcquisitionDepositsAssumed
123346000
ocfc Accretion Of Unrealized Loss On Securities Reclassified To Held To Maturity
AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity
1017000
ocfc Check Card Processing
CheckCardProcessing
1388000
ocfc Noncash Or Part Noncash Acquisition Deferred Tax Asset
NoncashOrPartNoncashAcquisitionDeferredTaxAsset
3244000
ocfc Provision Benefit For Loan And Lease Losses
ProvisionBenefitForLoanAndLeaseLosses
975000
ocfc Other Comprehensive Income Accretion Of Net Unrealized Losses On Held To Maturity Securities Net Of Tax
OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax
602000
ocfc Cash Received Acquired Net Of Cash Consideration Paid For Acquisition
CashReceivedAcquiredNetOfCashConsiderationPaidForAcquisition
-3703000
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
237000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
143104000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1295000
dei Entity Registrant Name
EntityRegistrantName
OCEANFIRST FINANCIAL CORP
us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
19000 shares
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
576000
us-gaap Equipment Expense
EquipmentExpense
3605000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1132000 shares
dei Document Type
DocumentType
10-Q
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
461000
dei Entity Central Index Key
EntityCentralIndexKey
0001004702
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
7235000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-117000
us-gaap Basis Of Accounting
BasisOfAccounting
<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><u>Note 1. Basis of Presentation</u></b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> The accompanying unaudited consolidated financial statements include the accounts of OceanFirst Financial Corp. (the &#x201C;Company&#x201D;) and its wholly-owned subsidiary, OceanFirst Bank (the &#x201C;Bank&#x201D;), and its subsidiaries.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> 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.&#xA0;The results of operations for the three and nine months ended September 30, 2016 are not necessarily indicative of the results of operations that may be expected for all of 2016.&#xA0;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.&#xA0;Actual results could differ from these estimates.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> 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 &#x201C;SEC&#x201D;).</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company&#x2019;s Annual Report to Stockholders on Form 10-K for the year ended December 31, 2015.</p> </div>
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
696000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1181000
dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
267637000
us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome
3068000
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
87000
us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
461000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Amendment Flag
AmendmentFlag
false
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
0
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
3511000
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
9902000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
28912000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3441000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.77
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
344000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
17624000
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
293000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
319000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1520000
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
16727000
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
-12000
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
75000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8789000
us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
-228000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1995000
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-8471000
us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
3193000
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
4823000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
5286000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
86163000
us-gaap Interest Paid
InterestPaid
8932000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-68358000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
73678000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
4072000
us-gaap Income Taxes Paid
IncomeTaxesPaid
7064000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
33456000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
1552046000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
2030000
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
53552000
us-gaap Operating Expenses
OperatingExpenses
70387000
us-gaap Net Income Loss
NetIncomeLoss
16994000
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
12835000
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
1385668000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
5036000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26163000
us-gaap Interest Expense
InterestExpense
9013000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
255359000
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
68179000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
3888000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
82395000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-7000
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
24000
us-gaap Occupancy Net
OccupancyNet
5952000
us-gaap Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
33899000
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
12942000
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
212156000
us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
52110000
us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
-782000
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-38000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
630000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-8464000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
347000 shares
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
5000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
10000
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
1779000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
84508000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8789000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-33628000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
14000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
5125000
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
25079000
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
125000
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
165901000
us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
2535000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
133000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
93521000
us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
55000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9169000
us-gaap Marketing Expense
MarketingExpense
1273000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
45906000
us-gaap Noninterest Income
NoninterestIncome
14155000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
59870000
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-12000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4580000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-208000
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
61793000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21990000 shares
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
348000 shares
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
1667000
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
310000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21624000 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2648000
dei Trading Symbol
TradingSymbol
OCFC
us-gaap Servicing Fees Net
ServicingFeesNet
177000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2648000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2113000
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
10000000
us-gaap Professional Fees
ProfessionalFees
1879000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-175821000
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
37687000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
22010000 shares
us-gaap Share Based Compensation
ShareBasedCompensation
1181000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
21723000
ocfc Floating Rate Securities Purchased In Prior Period
FloatingRateSecuritiesPurchasedInPriorPeriod
1998
ocfc Average Balances Of Impaired Loans
AverageBalancesOfImpairedLoans
34300000
ocfc Number Of Loan Repurchase Requests
NumberOfLoanRepurchaseRequests
0
ocfc Minimum Amount Of Nonaccrual Business And Commercial Real Estate Loans Evaluated Individually For Impairment
MinimumAmountOfNonaccrualBusinessAndCommercialRealEstateLoansEvaluatedIndividuallyForImpairment
250000
ocfc Other Comprehensive Income Accretion Of Fair Value Adjustment On Held To Maturity Securities Tax
OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax
431000
ocfc Non Cash Or Part Non Cash Acquisition Loans
NonCashOrPartNonCashAcquisitionLoans
1157753000
ocfc Noncash Or Part Noncash Acquisition Other Real Estate Owned
NoncashOrPartNoncashAcquisitionOtherRealEstateOwned
1996000
ocfc Excess Tax Expense Benefit From Share Based Compensation Financing Activities
ExcessTaxExpenseBenefitFromShareBasedCompensationFinancingActivities
-228000
ocfc Other Comprehensive Income Reclassification Of Accretion Of Net Unrealized Losses To Held To Maturity Securities
OtherComprehensiveIncomeReclassificationOfAccretionOfNetUnrealizedLossesToHeldToMaturitySecurities
3853000
ocfc Unallocated Incentive Award Shares And Shares Held By Deferred Compensation Plan
UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
38000 shares
ocfc Noncash Or Part Noncash Acquisition Advances To Federal Home Loan Bank
NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank
6782000
ocfc Noncash Or Part Noncash Acquisition Federal Home Loan Bank Advances
NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances
124466000
ocfc Non Accrual Troubled Debt Restructurings
NonAccrualTroubledDebtRestructurings
3500000
ocfc Credit And Debit Card Revenue
CreditAndDebitCardRevenue
3409000
ocfc Net Loans Charged Off
NetLoansChargedOff
1949000
ocfc Noncash Or Part Noncash Acquisition Deposits Assumed
NoncashOrPartNoncashAcquisitionDepositsAssumed
1248367000
ocfc Accretion Of Unrealized Loss On Securities Reclassified To Held To Maturity
AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity
1054000
ocfc Other Comprehensive Income Loss Transfers From Available For Sale Securities To Held To Maturity
OtherComprehensiveIncomeLossTransfersFromAvailableForSaleSecuritiesToHeldToMaturity
-13347000
ocfc Floating Rate Debt Securities Interest Rate During Period
FloatingRateDebtSecuritiesInterestRateDuringPeriod
Over 90-day LIBOR
ocfc Check Card Processing
CheckCardProcessing
1548000
ocfc Floating Rate Debt Securities Principal Amount Maturity Period
FloatingRateDebtSecuritiesPrincipalAmountMaturityPeriod
2028 or prior if called by the issuer
ocfc Noncash Or Part Noncash Acquisition Deferred Tax Asset
NoncashOrPartNoncashAcquisitionDeferredTaxAsset
21664000
ocfc Provision Benefit For Loan And Lease Losses
ProvisionBenefitForLoanAndLeaseLosses
2113000
ocfc Other Comprehensive Income Accretion Of Net Unrealized Losses On Held To Maturity Securities Net Of Tax
OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax
623000
ocfc Federal Home Loan Bank Prepayment Fees Before Tax
FederalHomeLoanBankPrepaymentFeesBeforeTax
136000
ocfc Proceeds From Sale Of High Risk Loans
ProceedsFromSaleOfHighRiskLoans
12797000
ocfc Cash Received Acquired Net Of Cash Consideration Paid For Acquisition
CashReceivedAcquiredNetOfCashConsiderationPaidForAcquisition
477000
CY2015 ocfc Number Of Loan Repurchase Requests
NumberOfLoanRepurchaseRequests
0
CY2015 ocfc Other Comprehensive Income Reclassification Of Accretion Of Net Unrealized Losses To Held To Maturity Securities
OtherComprehensiveIncomeReclassificationOfAccretionOfNetUnrealizedLossesToHeldToMaturitySecurities
2799000
CY2015 ocfc Non Accrual Troubled Debt Restructurings
NonAccrualTroubledDebtRestructurings
4900000
CY2015 ocfc Other Comprehensive Income Loss Transfers From Available For Sale Securities To Held To Maturity
OtherComprehensiveIncomeLossTransfersFromAvailableForSaleSecuritiesToHeldToMaturity
-13347000
CY2013Q3 ocfc Accumulated Other Comprehensive Income Loss Transfers From Available For Sale Securities To Held To Maturity
AccumulatedOtherComprehensiveIncomeLossTransfersFromAvailableForSaleSecuritiesToHeldToMaturity
13300000
CY2013Q3 ocfc Securities Transferred From Available For Sale To Held To Maturity
SecuritiesTransferredFromAvailableForSaleToHeldToMaturity
536000000
CY2015Q3 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
20000 shares
CY2015Q3 us-gaap Equipment Expense
EquipmentExpense
951000
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1064000 shares
CY2015Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2091000
CY2015Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
260000
CY2015Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2015Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
211000
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2015Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1030000
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4959000
CY2015Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
15000
CY2015Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8000
CY2015Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
348000
CY2015Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2015Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
541000
CY2015Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
1460000
CY2015Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1193000
CY2015Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
19976000
CY2015Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
8269000
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
16147000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
4698000
CY2015Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1369000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7280000
CY2015Q3 us-gaap Interest Expense
InterestExpense
2395000
CY2015Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1233000
CY2015Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
19275000
CY2015Q3 us-gaap Occupancy Net
OccupancyNet
1508000
CY2015Q3 us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
-59000
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
200000 shares
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
27000
CY2015Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
501000
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
19575000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
40000
CY2015Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1162000
CY2015Q3 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
534000
CY2015Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
7000
CY2015Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
21970000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2582000
CY2015Q3 us-gaap Marketing Expense
MarketingExpense
398000
CY2015Q3 us-gaap Noninterest Income
NoninterestIncome
4152000
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16953000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
374000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16733000 shares
CY2015Q3 us-gaap Servicing Fees Net
ServicingFeesNet
75000
CY2015Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
300000
CY2015Q3 us-gaap Professional Fees
ProfessionalFees
390000
CY2015Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
17146000 shares
CY2015Q3 ocfc Average Balances Of Impaired Loans
AverageBalancesOfImpairedLoans
46200000
CY2015Q3 ocfc Other Comprehensive Income Accretion Of Fair Value Adjustment On Held To Maturity Securities Tax
OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax
152000
CY2015Q3 ocfc Unallocated Incentive Award Shares And Shares Held By Deferred Compensation Plan
UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
39000 shares
CY2015Q3 ocfc Credit And Debit Card Revenue
CreditAndDebitCardRevenue
929000
CY2015Q3 ocfc Check Card Processing
CheckCardProcessing
490000
CY2015Q3 ocfc Provision Benefit For Loan And Lease Losses
ProvisionBenefitForLoanAndLeaseLosses
300000
CY2015Q3 ocfc Other Comprehensive Income Accretion Of Net Unrealized Losses On Held To Maturity Securities Net Of Tax
OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax
221000
CY2016Q3 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
20000 shares
CY2016Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
0
CY2016Q3 us-gaap Equipment Expense
EquipmentExpense
1452000
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
914000 shares
CY2016Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2916000
CY2016Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
347000
CY2016Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2016Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
0
CY2016Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
2116000
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2016Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1311000
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2016Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
196000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9310000
CY2016Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
167000
CY2016Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
181000
CY2016Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
659000
CY2016Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2016Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
743000
CY2016Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
1700000
CY2016Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2140000
CY2016Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
34607000
CY2016Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
13558000
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
25026000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
9128000
CY2016Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1543000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13917000
CY2016Q3 us-gaap Interest Expense
InterestExpense
3372000
CY2016Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1289000
CY2016Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
33047000
CY2016Q3 us-gaap Occupancy Net
OccupancyNet
2315000
CY2016Q3 us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
-63000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
434000 shares
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-27000
CY2016Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
608000
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
33935000
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-39000
CY2016Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2083000
CY2016Q3 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
1000000
CY2016Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
56000
CY2016Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
37307000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4789000
CY2016Q3 us-gaap Marketing Expense
MarketingExpense
479000
CY2016Q3 us-gaap Noninterest Income
NoninterestIncome
5896000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25889000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
340000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25435000 shares
CY2016Q3 us-gaap Servicing Fees Net
ServicingFeesNet
26000
CY2016Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
888000
CY2016Q3 us-gaap Professional Fees
ProfessionalFees
681000
CY2016Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
25823000 shares
CY2016Q3 ocfc Average Balances Of Impaired Loans
AverageBalancesOfImpairedLoans
34500000
CY2016Q3 ocfc Other Comprehensive Income Accretion Of Fair Value Adjustment On Held To Maturity Securities Tax
OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax
153000
CY2016Q3 ocfc Unallocated Incentive Award Shares And Shares Held By Deferred Compensation Plan
UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
48000 shares
CY2016Q3 ocfc Credit And Debit Card Revenue
CreditAndDebitCardRevenue
1347000
CY2016Q3 ocfc Check Card Processing
CheckCardProcessing
623000
CY2016Q3 ocfc Provision Benefit For Loan And Lease Losses
ProvisionBenefitForLoanAndLeaseLosses
888000
CY2016Q3 ocfc Other Comprehensive Income Accretion Of Net Unrealized Losses On Held To Maturity Securities Net Of Tax
OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax
221000

Files In Submission

Name View Source Status
0001193125-16-763766-index-headers.html Edgar Link pending
0001193125-16-763766-index.html Edgar Link pending
0001193125-16-763766.txt Edgar Link pending
0001193125-16-763766-xbrl.zip Edgar Link pending
d269001d10q.htm Edgar Link pending
d269001dex311.htm Edgar Link pending
d269001dex312.htm Edgar Link pending
d269001dex320.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
ocfc-20160930.xml Edgar Link completed
ocfc-20160930.xsd Edgar Link pending
ocfc-20160930_cal.xml Edgar Link unprocessable
ocfc-20160930_def.xml Edgar Link unprocessable
ocfc-20160930_lab.xml Edgar Link unprocessable
ocfc-20160930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending