Call reports 2017
OCEANFIRST BANK, NATIONAL ASSOCIATION — 2017
What OCEANFIRST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 5,212,022,000 | 5,212,812,000 | 5,391,184,000 | 5,414,702,000 |
| Total loans | 3,842,033,000 | 3,885,530,000 | 3,887,031,000 | 3,981,736,000 |
| Allowance for loan losses | 16,151,000 | 16,557,000 | 16,584,000 | 15,721,000 |
| Securities available for sale | 72,350,000 | 74,724,000 | 76,241,000 | 90,490,000 |
| Securities held to maturity | 686,346,000 | 710,438,000 | 732,982,000 | 763,062,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,216,437,000 | 4,198,836,000 | 4,376,317,000 | 4,363,326,000 |
| Interest-bearing deposits | 4,055,599,000 | 3,976,976,000 | 4,159,930,000 | 4,152,003,000 |
| Noninterest-bearing deposits | 160,838,000 | 221,860,000 | 216,387,000 | 211,323,000 |
| Equity capital | 608,135,000 | 617,205,000 | 615,038,000 | 617,918,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 46,177,000 | 93,169,000 | 141,282,000 | 189,269,000 |
| Interest expense | 3,932,000 | 8,238,000 | 12,718,000 | 17,620,000 |
| Net interest income | 42,245,000 | 84,931,000 | 128,564,000 | 171,649,000 |
| Noninterest income | 7,188,000 | 15,383,000 | 24,100,000 | 32,480,000 |
| Noninterest expense | 31,942,000 | 69,962,000 | 102,184,000 | 131,584,000 |
| Provision for loan losses | 700,000 | 1,865,000 | 3,030,000 | 4,445,000 |
| Pretax income | 16,791,000 | 28,487,000 | 47,450,000 | 68,100,000 |
| Income tax | 4,140,000 | 7,653,000 | 13,637,000 | 23,824,000 |
| Net income | 12,651,000 | 20,834,000 | 33,813,000 | 44,276,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 452,041,000 | 461,085,000 | 460,836,000 | 459,031,000 |
| Total capital | 468,819,000 | 478,269,000 | 478,047,000 | 475,379,000 |
| Risk-weighted assets | 3,565,387,000 | 3,560,196,000 | 3,559,588,000 | 3,699,226,000 |