Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Regulatory Capital Amounts and Ratios

The following is a summary of the Bank and the Company’s regulatory capital amounts and ratios as of December 31, 2019 and 2018 compared to the regulatory minimum capital adequacy requirements and the regulatory requirements for classification as a well-capitalized institution then in effect (dollars in thousands):



As of December 31, 2019	Actual				For capital adequacy purposes					To be well-capitalized under prompt corrective action
Bank:	Amount		Ratio		Amount		Ratio			Amount		Ratio
Tier 1 capital (to average assets)	$	779,108	10.03	%	$	310,798	4.00	%		$	388,498	5.00	%
Common equity Tier 1 (to risk-weighted assets)	779,108		12.98		420,106		7.00		⁽¹⁾	390,099		6.50
Tier 1 capital (to risk-weighted assets)	779,108		12.98		510,129		8.50		⁽¹⁾	480,121		8.00
Total capital (to risk-weighted assets)	797,339		13.29		630,159		10.50		⁽¹⁾	600,152		10.00
OceanFirst Financial Corp:
Tier 1 capital (to average assets)	$	791,746	10.17	%	$	311,289	4.00	%		N/A		N/A
Common equity Tier 1 (to risk-weighted assets)	729,095		12.14		420,273		7.00		⁽¹⁾	N/A		N/A
Tier 1 capital (to risk-weighted assets)	791,746		13.19		510,331		8.50		⁽¹⁾	N/A		N/A
Total capital (to risk-weighted assets)	844,977		14.07		630,409		10.50		⁽¹⁾	N/A		N/A



As of December 31, 2018	Actual				For capital adequacy purposes					To be well-capitalized under prompt corrective action
Bank:	Amount		Ratio		Amount		Ratio			Amount		Ratio
Tier 1 capital (to average assets)	$	712,900	10.01	%	$	284,772	4.000	%		$	355,965	5.00	%
Common equity Tier 1 (to risk-weighted assets)	712,900		13.39		339,513		6.375		⁽²⁾	346,170		6.50
Tier 1 capital (to risk-weighted assets)	712,900		13.39		419,398		7.875		⁽²⁾	426,056		8.00
Total capital (to risk-weighted assets)	730,484		13.72		525,912		9.875		⁽²⁾	532,570		10.00
OceanFirst Financial Corp:
Tier 1 capital (to average assets)	$	709,972	9.96	%	$	285,199	4.000	%		N/A		N/A
Common equity Tier 1 (to risk-weighted assets)	647,773		12.15		339,791		6.375		⁽²⁾	N/A		N/A
Tier 1 capital (to risk-weighted assets)	709,972		13.32		419,742		7.875		⁽²⁾	N/A		N/A
Total capital (to risk-weighted assets)	762,556		14.31		526,343		9.875		⁽²⁾	N/A		N/A


(1)	Includes the Capital Conservation Buffer of 2.500%.

(2)

Includes the Capital Conservation Buffer of 1.875%