XML 19 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net income $ 104,065 $ 147,357 $ 110,076
Other comprehensive income (loss):      
Unrealized gain (loss) on debt securities (net of tax expense of $4,560 in 2023, and tax benefit of $10,629 and $1,142 in 2022 and 2021, respectively) 14,312 (33,402) (3,837)
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $213, $242 and $272 in 2023, 2022, and 2021, respectively) 290 348 395
Unrealized loss on derivative hedges (net of tax benefit of $257 and $8 in 2023 and 2022, respectively) (808) (25) 0
Reclassification adjustment for loss (gains) included in net income (net of tax expense of $423 in 2023 and tax benefit of $26 in 2022, respectively) 1,326 (82) 0
Total other comprehensive income (loss), net of tax 15,120 (33,161) (3,442)
Total comprehensive income 119,185 114,196 106,634
Less: comprehensive income attributable to non-controlling interest 36 754 0
Total comprehensive income attributable to OceanFirst Financial Corp. 119,149 113,442 106,634
Less: Dividends on preferred shares 4,016 4,016 4,016
Total comprehensive income available to common stockholders $ 115,133 $ 109,426 $ 102,618