Call reports 2020
OCEANFIRST BANK, NATIONAL ASSOCIATION — 2020
What OCEANFIRST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 10,491,688,000 | 11,337,419,000 | 11,597,587,000 | 11,340,082,000 |
| Total loans | 7,960,958,000 | 8,395,359,000 | 8,386,047,000 | 7,805,082,000 |
| Allowance for loan losses | 29,635,000 | 38,509,000 | 56,350,000 | 60,735,000 |
| Securities available for sale | 153,737,000 | 145,180,000 | 165,073,000 | 183,302,000 |
| Securities held to maturity | 916,784,000 | 870,406,000 | 874,082,000 | 938,967,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,927,457,000 | 8,997,285,000 | 9,319,884,000 | 9,454,666,000 |
| Interest-bearing deposits | 7,277,598,000 | 8,378,320,000 | 8,688,653,000 | 7,330,550,000 |
| Noninterest-bearing deposits | 649,859,000 | 618,965,000 | 631,231,000 | 2,124,116,000 |
| Equity capital | 1,493,176,000 | 1,498,254,000 | 1,481,731,000 | 1,499,340,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 98,490,000 | 194,581,000 | 287,489,000 | 379,451,000 |
| Interest expense | 17,089,000 | 32,612,000 | 45,869,000 | 56,768,000 |
| Net interest income | 81,401,000 | 161,969,000 | 241,620,000 | 322,683,000 |
| Noninterest income | 13,585,000 | 24,839,000 | 36,247,000 | 52,308,000 |
| Noninterest expense | 62,945,000 | 118,900,000 | 178,210,000 | 247,277,000 |
| Provision for loan losses | 8,708,000 | 17,238,000 | 50,074,000 | 57,401,000 |
| Pretax income | 22,227,000 | 49,795,000 | 48,793,000 | 71,097,000 |
| Income tax | 4,558,000 | 10,744,000 | 9,586,000 | 14,808,000 |
| Net income | 17,669,000 | 39,051,000 | 39,207,000 | 56,289,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 931,370,000 | 937,101,000 | 922,597,000 | 942,122,000 |
| Total capital | 964,237,000 | 974,030,000 | 982,099,000 | 1,004,480,000 |
| Risk-weighted assets | 7,910,697,000 | 7,898,494,000 | 7,942,471,000 | 7,785,618,000 |