Call reports 2016
OCEANFIRST BANK, NATIONAL ASSOCIATION — 2016
What OCEANFIRST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 2,590,499,000 | 4,052,000,000 | 4,156,113,000 | 5,189,885,000 |
| Total loans | 2,016,592,000 | 3,152,034,000 | 3,065,992,000 | 3,820,176,000 |
| Allowance for loan losses | 16,214,000 | 16,678,000 | 15,617,000 | 15,183,000 |
| Securities available for sale | 30,085,000 | 21,275,000 | 11,231,000 | 20,775,000 |
| Securities held to maturity | 374,616,000 | 503,955,000 | 460,908,000 | 589,108,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,982,287,000 | 3,222,405,000 | 3,339,353,000 | 4,219,770,000 |
| Interest-bearing deposits | 1,884,778,000 | 3,111,886,000 | 3,218,122,000 | 4,049,804,000 |
| Noninterest-bearing deposits | 97,509,000 | 110,519,000 | 121,231,000 | 169,966,000 |
| Equity capital | 240,476,000 | 413,100,000 | 423,128,000 | 602,286,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 23,136,000 | 56,425,000 | 93,873,000 | 133,890,000 |
| Interest expense | 2,490,000 | 5,738,000 | 9,024,000 | 12,693,000 |
| Net interest income | 20,646,000 | 50,687,000 | 84,849,000 | 121,197,000 |
| Noninterest income | 3,481,000 | 8,398,000 | 18,645,000 | 26,191,000 |
| Noninterest expense | 16,512,000 | 44,687,000 | 73,871,000 | 107,311,000 |
| Provision for loan losses | 563,000 | 1,225,000 | 2,113,000 | 2,623,000 |
| Pretax income | 7,052,000 | 13,161,000 | 27,499,000 | 37,443,000 |
| Income tax | 2,590,000 | 4,519,000 | 9,631,000 | 12,934,000 |
| Net income | 4,462,000 | 8,642,000 | 17,868,000 | 24,509,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 223,585,000 | 336,059,000 | 347,394,000 | 450,414,000 |
| Total capital | 239,877,000 | 353,394,000 | 363,638,000 | 466,224,000 |
| Risk-weighted assets | 1,815,047,000 | 3,005,364,000 | 2,918,565,000 | 3,515,672,000 |