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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income $ 24,432 $ 27,882 $ 53,042 $ 55,781
Other comprehensive income:        
Net unrealized gain on debt securities (net of tax expense of $710 and $1,344 in 2024 and $92 and $1,858 in 2023, respectively) 2,226 282 4,219 5,829
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $40 and $82 in 2024 and $54 and $110 in 2023, respectively) 57 82 118 161
Unrealized loss on derivative hedges (net of tax benefit of $98 and $400 in 2024 and $506 and $375 in 2023, respectively) (306) (1,588) (1,255) (1,176)
Reclassification adjustment for losses included in net income (net of tax expense of $81 and $190 in 2024 and $61 and $262 in 2023, respectively) 253 191 595 820
Total other comprehensive income (loss), net of tax 2,230 (1,033) 3,677 5,634
Total comprehensive income 26,662 26,849 56,719 61,415
Less: comprehensive income attributable to non-controlling interest 59 85 2 101
Comprehensive income attributable to OceanFirst Financial Corp. 26,603 26,764 56,717 61,314
Less: Dividends on preferred shares 1,004 1,004 2,008 2,008
Total comprehensive income available to common stockholders $ 25,599 $ 25,760 $ 54,709 $ 59,306