Ocean City Home Bank in Ocean City, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Ocean City Home Bank in Ocean City, New Jersey (NJ)
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Ocean City Home Bank - Overview

  • General
  • FDIC Certificate #: 30273
    Status: Active
    Federal Reserve ID: 3177
    Date Established: January 01, 1912
    WWW: http://www.ochome.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 5091
    FDIC's unique #: 43107
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: March 04, 1946
    Last Structure Change Effective Date: August 01, 2011
    Last Structure Change Process Date: August 15, 2011
    Last Data Update: August 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1001 Asbury Ave, Ocean City, NJ 8226
    County: Cape May
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Atlantic-Cape May, NJ (#560)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Core Based Statistical Area (CBSA): Ocean City, NJ (#36140)
    CBSA Metro Statistical Area: Ocean City, NJ (#36140)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $986.5 mil
    Equity capital: $101.7 mil
    Deposits held in domestic offices: $763.0 mil
    Return on assets (ROA): 0.62% ($6.1 mil)
    Quarterly return on assets: 0.65% ($6.4 mil)
    Return on Equity (ROE): 6.04% ($6.2 mil)
    Quarterly return on equity: 6.42% ($6.5 mil)
    Net income: $5.6 mil
    Quarterly Net income: $1.6 mil
    Pretax return on assets: 1.04% ($10,259.5 mil)
    Quarterly Pretax return on assets: 1.05% ($10,358.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 182Total employees (full-time equivalent)
  • $986,490Total assets
  • $155,652Cash and due from depository institutions
  • $149,036Interest-bearing balances
  • $47,478Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $727,801Net loans & leases
  • $3,304Loan loss allowance
  • $0Trading account assets
  • $14,074Bank premises and fixed assets
  • $98Other real estate owned
  • $6,199Goodwill and other intangibles
  • $986,490Life insurance assets
  • $35,188All other assets
  • $884,811Total liabilities and capital
  • $762,955Total liabilities
  • $736,887Total deposits
  • $762,955Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $113,933Trading liabilities
  • $0Other borrowed funds
  • $7,923Subordinated debt
  • $101,679All other liabilities
  • $101,679Total equity capital
  • $101,679Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $62,088Surplus
  • $39,591Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,305Income earned, not collected on loans
  • $0Earning assets
  • $2,785Long-term assets (5+ years)
  • $924,315Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $906,349Volatile liabilities
  • $999,231Insider loans
  • $510,714FHLB advances
  • $980,171Loans and leases held for sale
  • $18,813Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $95,083Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $65,031Restructured Loans and leases
  • $5,432Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $37,785Total interest income
  • $11,118Total interest expense
  • $26,667Net interest income
  • $473Provision for loan and lease losses
  • $3,441Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,441Additional noninterest income
  • $20,218Total noninterest expense
  • $11,202Salaries and employee benefits
  • $3,959Premises and equipment expense
  • $5,057Additional noninterest expense
  • $9,417Pre-tax net operating income
  • $10Securities gains (losses)
  • $3,819Applicable income taxes
  • $5,608Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,608Net income attributable to bank
  • $0Net charge-offs
  • $5,608Cash dividends
  • $677Sale, conversion, retirement of capital stock, net
  • $3,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.13%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 6.04%Return on equity (ROE)
  • 2.59%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 69.87%Credit loss provision to net charge-offs
  • 14.61%Efficiency ratio
  • 67,152Assets per employee
  • 5.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.06%Loss allowance to loans
  • 0.45%Loss allowance to noncurrent loans
  • 52.40%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 95.39%Net loans and leases to core deposits
  • 98.77%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 18.62%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $906,349Average earning assets
  • $92,900Average equity
  • $852,896Average loans

List of branches

  • 15 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043107Ocean City Home Bank1001 Asbury Ave, Ocean City, NJ 8226January 01, 1912Full Service Brick and Mortar
    100279457105 Roosevelt Blvd Branch105 Roosevelt Blvd, Marmora, NJ 8223June 30, 1986Full Service Brick and Mortar
    101279458Linwood Branch1777 New Road, Linwood, NJ 8221June 30, 1994Full Service Brick and Mortar
    102279459Ventnor Avenue Branch6302 Ventnor Avenue, Ventnor, NJ 8406November 30, 1994Full Service Brick and Mortar
    103448914Ocean Heights Avenue Branch1184 Ocean Heights Avenue, Egg Harbor Township, NJ 8234July 19, 1999Full Service Brick and Mortar
    104448915White Horse Pike Branch778 White Horse Pike, Absecon, NJ 8201November 13, 2001Full Service Brick and Mortar
    105498676Hingston Ave Branch3100 Hingston Ave, Egg Harbor Township, NJ 8234August 08, 2005Full Service Brick and Mortar
    106498677Atlantic Ave Branch9219 Atlantic Ave, Margate City, NJ 8402November 06, 2006Full Service Brick and Mortar
    107498678Harding Hwy Branch5401 Harding Hwy, Mays Landing, NJ 8330October 06, 2008Full Service Brick and Mortar
    108517930Galloway Branch317 South Pitney Road, Absecon, NJ 8205October 19, 2009Full Service Brick and Mortar
    10980597Select Bank Branch801 White Horse Pike, Egg Harbor City, NJ 8215November 20, 2000Full Service Brick and Mortar
    110461631Hammonton Office44 South White Horse Pike, Hammonton, NJ 8037June 30, 2006Full Service Brick and Mortar
    111461632Mays Landing Branch5749 Main St., Mays Landing, NJ 8330June 30, 2006Full Service Brick and Mortar
    112492572Egg Habor Branch501 Zion Road, Unit # 9, Egg Harbor Township, NJ 8234December 17, 2007Full Service Brick and Mortar
    113495369Absecon Branch300 White Horse Pike, Absecon, NJ 8201October 16, 2008Full Service Brick and Mortar

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