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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 170,668 $ 204,949
Debt securities available-for-sale, at estimated fair value 470,300 568,255
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,234 at September 30, 2022 and $1,467 at December 31, 2021 (estimated fair value of $905,426 at September 30, 2022 and $1,152,744 at December 31, 2021) 1,027,712 1,139,193
Equity investments 81,722 101,155
Restricted equity investments, at cost 77,556 53,195
Loans receivable, net of allowance for loan credit losses of $53,521 at September 30, 2022 and $48,850 at December 31, 2021 9,672,488 8,583,352
Loans held-for-sale 3,549 0
Interest and dividends receivable 38,388 32,606
Other real estate owned 0 106
Premises and equipment, net 127,868 125,828
Bank owned life insurance 261,118 259,207
Assets held for sale 3,216 6,229
Goodwill 506,146 500,319
Core deposit intangible 14,656 18,215
Other assets 228,066 147,007
Total assets 12,683,453 11,739,616
Liabilities and Stockholders’ Equity    
Deposits 9,959,469 9,732,816
Federal Home Loan Bank (“FHLB”) advances 514,200 0
Securities sold under agreements to repurchase with customers 96,289 118,769
Other borrowings 194,914 229,141
Advances by borrowers for taxes and insurance 25,457 20,305
Other liabilities 352,908 122,032
Total liabilities 11,143,237 10,223,063
Stockholders’ equity:    
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, and 57,370 shares issued at both September 30, 2022 and December 31, 2021 1 1
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,872,065 and 61,535,381 shares issued at September 30, 2022 and December 31, 2021, respectively; and 59,138,507 and 59,175,046 shares outstanding at September 30, 2022 and December 31, 2021, respectively 612 611
Additional paid-in capital 1,153,072 1,146,781
Retained earnings 499,967 442,306
Accumulated other comprehensive loss (38,496) (2,821)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") (6,797) (8,615)
Treasury stock, 2,733,558 and 2,360,335 shares at September 30, 2022 and December 31, 2021, respectively (69,106) (61,710)
OceanFirst Financial Corp. stockholders’ equity 1,539,253 1,516,553
Non-controlling interest 963 0
Total stockholders’ equity 1,540,216 1,516,553
Total liabilities and stockholders’ equity $ 12,683,453 $ 11,739,616