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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 496,193 $ 167,946
Debt securities available-for-sale, at estimated fair value 452,195 457,648
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,043 at March 31, 2023 and $1,128 at December 31, 2022 (estimated fair value of $1,149,673 at March 31, 2023 and $1,110,041 at December 31, 2022) 1,245,424 1,221,138
Equity investments 101,007 102,037
Restricted equity investments, at cost 115,750 109,278
Loans receivable, net of allowance for loan credit losses of $60,195 at March 31, 2023 and $56,824 at December 31, 2022 9,986,949 9,868,718
Loans held-for-sale 1,885 690
Interest and dividends receivable 47,342 44,704
Premises and equipment, net 126,019 126,705
Bank owned life insurance 262,654 261,603
Assets held for sale 2,719 2,719
Goodwill 506,146 506,146
Core deposit intangible 12,470 13,497
Other assets 198,422 221,067
Total assets 13,555,175 13,103,896
Liabilities and Stockholders’ Equity    
Deposits 9,993,095 9,675,206
Federal Home Loan Bank (“FHLB”) advances 1,346,566 1,211,166
Securities sold under agreements to repurchase with customers 70,938 69,097
Other borrowings 195,663 195,403
Advances by borrowers for taxes and insurance 31,198 21,405
Other liabilities 307,344 346,155
Total liabilities 11,944,804 11,518,432
Stockholders’ equity:    
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, and 57,370 shares issued at both March 31, 2023 and December 31, 2022 1 1
Common stock, $0.01 par value, 150,000,000 shares authorized, 62,219,644 and 61,877,686 shares issued at March 31, 2023 and December 31, 2022, respectively; and 59,486,086 and 59,144,128 shares outstanding at March 31, 2023 and December 31, 2022, respectively 613 612
Additional paid-in capital 1,158,007 1,154,821
Retained earnings 554,941 540,507
Accumulated other comprehensive loss (29,315) (35,982)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") (5,588) (6,191)
Treasury stock, 2,733,558 shares at both March 31, 2023 and December 31, 2022 (69,106) (69,106)
OceanFirst Financial Corp. stockholders’ equity 1,609,553 1,584,662
Non-controlling interest 818 802
Total stockholders’ equity 1,610,371 1,585,464
Total liabilities and stockholders’ equity $ 13,555,175 $ 13,103,896