XML 122 R110.htm IDEA: XBRL DOCUMENT v3.22.4
Parent-Only Financial Information - Condensed Statements of Operations (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Condensed Financial Statements, Captions [Line Items]      
Net gain on equity investments $ 9,685 $ 7,145 $ 21,214
Interest expense – borrowings 22,677 11,544 18,367
Operating expenses 234,881 226,860 246,431
Benefit (provision) for income taxes (46,565) (32,165) (17,733)
Net income 147,357 110,076 63,309
Net income attributable to non-controlling interest 754 0 0
Net income attributable to OceanFirst Financial Corp. 146,603 110,076 63,309
OceanFirst Financial Corp.      
Condensed Financial Statements, Captions [Line Items]      
Dividend income – subsidiaries 73,011 40,000 54,000
Interest and dividend income – debt and equity securities 2,387 2,070 949
Interest income – advances to subsidiary Bank 562 298 403
Interest income – ESOP loan receivable 227 289 301
Net gain on equity investments 7,973 7,499 20,460
Total income 84,160 50,156 76,113
Interest expense – borrowings 10,861 11,102 10,592
Operating expenses 4,258 3,307 3,382
Income before income taxes and undistributed earnings of subsidiaries 69,041 35,747 62,139
Benefit (provision) for income taxes 959 1,018 (2,901)
Income before undistributed earnings of subsidiaries 70,000 36,765 59,238
Undistributed earnings of subsidiaries 77,357 73,311 4,071
Net income 147,357 110,076 63,309
Net income attributable to non-controlling interest 754 0 0
Net income attributable to OceanFirst Financial Corp. $ 146,603 $ 110,076 $ 63,309