Call reports 2021
OCEANFIRST BANK, NATIONAL ASSOCIATION — 2021
What OCEANFIRST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 11,544,995,000 | 11,410,496,000 | 11,738,701,000 | 11,648,010,000 |
| Total loans | 7,927,406,000 | 7,833,574,000 | 8,203,541,000 | 8,632,202,000 |
| Allowance for loan losses | 59,976,000 | 53,876,000 | 50,153,000 | 48,850,000 |
| Securities available for sale | 268,111,000 | 248,929,000 | 314,220,000 | 568,054,000 |
| Securities held to maturity | 1,084,045,000 | 1,148,344,000 | 1,126,886,000 | 1,140,660,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 9,543,790,000 | 9,455,594,000 | 9,805,114,000 | 9,761,923,000 |
| Interest-bearing deposits | 7,367,278,000 | 6,934,534,000 | 7,174,466,000 | 7,162,731,000 |
| Noninterest-bearing deposits | 2,176,512,000 | 2,521,060,000 | 2,630,648,000 | 2,599,192,000 |
| Equity capital | 1,518,635,000 | 1,542,568,000 | 1,559,514,000 | 1,571,598,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 84,536,000 | 167,541,000 | 252,249,000 | 339,969,000 |
| Interest expense | 8,825,000 | 15,405,000 | 20,927,000 | 26,126,000 |
| Net interest income | 75,711,000 | 152,136,000 | 231,322,000 | 313,843,000 |
| Noninterest income | 12,505,000 | 23,783,000 | 34,136,000 | 44,799,000 |
| Noninterest expense | 51,384,000 | 102,625,000 | 161,073,000 | 225,668,000 |
| Provision for loan losses | -1,038,000 | -6,914,000 | -11,024,000 | -12,345,000 |
| Pretax income | 37,257,000 | 80,192,000 | 114,416,000 | 144,452,000 |
| Income tax | 9,242,000 | 19,813,000 | 28,174,000 | 33,164,000 |
| Net income | 28,015,000 | 60,379,000 | 86,242,000 | 111,288,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 968,486,000 | 993,360,000 | 1,012,471,000 | 1,027,660,000 |
| Total capital | 1,029,255,000 | 1,046,922,000 | 1,065,583,000 | 1,079,766,000 |
| Risk-weighted assets | 8,007,788,000 | 8,038,656,000 | 8,307,121,000 | 8,845,407,000 |