OceanFirst Bank in Toms River, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • OceanFirst Bank in Toms River, New Jersey (NJ)
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OceanFirst Bank - Overview

  • General
  • FDIC Certificate #: 28359
    Status: Active
    Federal Reserve ID: 85472
    Date Established: January 01, 1902
    WWW: http://www.oceanfirst.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 23 (Domestic: 23, Interstate: No)
    OTS Docket #: 1437
    FDIC's unique #: 41193
    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 14, 1938
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 975 Hooper Avenue, Toms River, NJ 8753
    County: Ocean
    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): Monmouth-Ocean, NJ (#5190)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: Edison-New Brunswick, NJ (#20764)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $2,304.1 mil
    Equity capital: $214.9 mil
    Deposits held in domestic offices: $1,720.7 mil
    Return on assets (ROA): 0.96% ($22.1 mil)
    Quarterly return on assets: 0.98% ($22.6 mil)
    Return on Equity (ROE): 10.44% ($22.4 mil)
    Quarterly return on equity: 10.52% ($22.6 mil)
    Net income: $21.9 mil
    Quarterly Net income: $5.7 mil
    Pretax return on assets: 1.50% ($34,561.0 mil)
    Quarterly Pretax return on assets: 1.54% ($35,482.7 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
  • 376Total employees (full-time equivalent)
  • $2,304,069Total assets
  • $80,615Cash and due from depository institutions
  • $72,404Interest-bearing balances
  • $525,700Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,573,714Net loans & leases
  • $13,803Loan loss allowance
  • $0Trading account assets
  • $22,258Bank premises and fixed assets
  • $1,826Other real estate owned
  • $4,836Goodwill and other intangibles
  • $2,304,069Life insurance assets
  • $95,120All other assets
  • $2,089,159Total liabilities and capital
  • $1,720,733Total liabilities
  • $1,589,621Total deposits
  • $1,720,733Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $354,440Trading liabilities
  • $0Other borrowed funds
  • $13,986Subordinated debt
  • $214,910All other liabilities
  • $214,910Total equity capital
  • $214,910Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $133,755Surplus
  • $81,154Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $44,008Income earned, not collected on loans
  • $0Earning assets
  • $6,433Long-term assets (5+ years)
  • $2,171,818Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $2,272,052Volatile liabilities
  • $2,297,364Insider loans
  • $1,407,440FHLB advances
  • $2,306,181Loans and leases held for sale
  • $41,987Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $217,022Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $285,376Restructured Loans and leases
  • $565Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $95,921Total interest income
  • $17,721Total interest expense
  • $78,200Net interest income
  • $7,750Provision for loan and lease losses
  • $15,680Total noninterest income
  • $0Fiduciary activities
  • $5,717Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,963Additional noninterest income
  • $52,102Total noninterest expense
  • $28,813Salaries and employee benefits
  • $11,096Premises and equipment expense
  • $12,193Additional noninterest expense
  • $34,028Pre-tax net operating income
  • $0Securities gains (losses)
  • $12,108Applicable income taxes
  • $21,920Income before extraordinary items
  • $0Extraordinary gains - net
  • $21,920Net income attributable to bank
  • $0Net charge-offs
  • $21,920Cash dividends
  • $7,180Sale, conversion, retirement of capital stock, net
  • $13,800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 2.45%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 10.44%Return on equity (ROE)
  • 3.87%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 107.94%Credit loss provision to net charge-offs
  • 5.82%Efficiency ratio
  • 55,499Assets per employee
  • 6.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.96%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 31.36%Noncurrent assets plus other real estate owned to assets
  • 1.99%Noncurrent loans to loans
  • 2.77%Net loans and leases to deposits
  • 91.46%Net loans and leases to core deposits
  • 92.15%Equity capital to assets
  • 9.33%Core capital (leverage) ratio
  • 9.41%Tier 1 risk-based capital ratio
  • 15.42%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $2,272,052Average earning assets
  • $209,863Average equity
  • $2,127,840Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $114,930Managed Assets
  • 1Number of Accounts
  • $110,379Personal trust and agency accounts
  • $47,132Employee benefit-defined contribution accounts
  • $515Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $6,558Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $56,174Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 168Number of Accounts
  • $0Personal trust and agency accounts
  • $6,558Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,551Other retirement accounts
  • $3,497Corporate trust and agency accounts
  • $479Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 23 New Jersey Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041193Oceanfirst Bank975 Hooper Avenue, Toms River, NJ 8753January 01, 1902Full Service Brick and Mortar
    1266966701 Arnold Avenue Branch701 Arnold Ave., Point Pleasant, NJ 8742January 01, 1902Full Service Brick and Mortar
    22669672400 Bridge Avenue Branch2400 Bridge Avenue, Point Pleasant, NJ 8742January 01, 1902Full Service Brick and Mortar
    102266969Holiday City Plaza-730 Jamaica Blvd730 Jamaica Blvd., Toms River, NJ 8757June 30, 1985Full Service Brick and Mortar
    103266970Concordia Shopping Center Branch1600 Perrineville Road, Monroe Township, NJ 8831June 30, 1986Full Service Brick and Mortar
    10726697170 Brick Boulevard Branch70 Brick Blvd., Brick, NJ 8723June 30, 1989Full Service Brick and Mortar
    108266972Toms River Branch55 Bananier Drive, Toms River, NJ 8755March 01, 1992Full Service Brick and Mortar
    109266973900 Lacey Road Branch900 Lacey Road, Forked River, NJ 8731Febuary 10, 1997Full Service Brick and Mortar
    110266974Brick Branch321 Chambers Bridge Road, Brick, NJ 8723September 09, 1996Full Service Brick and Mortar
    111266975Route 70 Branch147 Route 70, Suite 1, Toms River, NJ 8755April 03, 1998Full Service Brick and Mortar
    113358162Spring Lake Heights Branch2401 Route 71, Spring Lake, NJ 7762October 30, 1999Full Service Brick and Mortar
    114358163Wall Branch2445 Route 34, Manasquan, NJ 8736May 20, 2000Full Service Brick and Mortar
    115359185Adamston Road Branch385 Adamston Road, Brick, NJ 8723September 01, 1999Full Service Brick and Mortar
    116491887Freehold Branch308 West Main Street, Freehold, NJ 7728March 10, 2008Full Service Brick and Mortar
    117499298Barnegat Branch845 W. Bay Avenue, Barnegat, NJ 8005June 03, 2006Full Service Brick and Mortar
    118499299Bayville Branch791 Route 9, Bayville, NJ 8721October 29, 2008Full Service Brick and Mortar
    119499300Freehold Branch48 Thoreau Drive, Freehold, NJ 7728March 28, 2005Full Service Brick and Mortar
    120499301Jackson Branch260 N. County Line Road, Jackson, NJ 8527May 01, 2002Full Service Brick and Mortar
    121499302Little Egg Harbor Branch425 Route 9 South, Little Egg Harbor, NJ 8087November 01, 2006Full Service Brick and Mortar
    122499303Manahawkin Branch205 Route 72 West, Manahawkin, NJ 8050October 01, 2002Full Service Brick and Mortar
    123499304Waretown Branch501 Route 9, Waretown, NJ 8758July 16, 2008Full Service Brick and Mortar
    124499305Point Pleasant Branch3100 Route 88, Point Pleasant Boro, NJ 8742Febuary 01, 2001Full Service Brick and Mortar
    125499307Whiting Branch400 Lacey Road, Whiting, NJ 8759July 10, 2006Full Service Brick and Mortar

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