XML 75 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Changes in Stockholders' Equity (USD $)
In Thousands
Total
Employee Stock Ownership Plan [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive (Loss) Gain [Member]
Treasury Stock [Member]
Common Stock Acquired by Deferred Compensation Plan [Member]
Deferred Compensation Plan Liability [Member]
Beginning Balance at Dec. 31, 2011 $ 216,849us-gaap_StockholdersEquity $ (4,193)us-gaap_StockholdersEquity
/ us-gaap_EmployeeStockOwnershipPlanESOPDisclosuresByPlanAxis
= ocfc_EmployeeStockOwnershipPlanMember
   $ 336us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 262,812us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ 186,666us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (2,468)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ (226,304)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
$ (871)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= ocfc_CommonStockAcquiredByDeferredCompensationPlanMember
$ 871us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_DeferredCompensationShareBasedPaymentsMember
Net income 20,020us-gaap_NetIncomeLoss         20,020us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
       
Other comprehensive gain (loss), net of tax 2,517us-gaap_OtherComprehensiveIncomeLossNetOfTax           2,517us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
     
Stock awards 591us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue       591us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Tax benefit (expense) of stock plans (608)us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation       (608)us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Treasury stock allocated to restricted stock plan         (282)us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
42us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
  240us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
   
Allocation of ESOP stock 480us-gaap_AmortizationOfESOPAward 289us-gaap_AmortizationOfESOPAward
/ us-gaap_EmployeeStockOwnershipPlanESOPDisclosuresByPlanAxis
= ocfc_EmployeeStockOwnershipPlanMember
    191us-gaap_AmortizationOfESOPAward
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Cash dividend - $0.48, $0.48 and 0.49 per share for 2012, 2013 and 2014 respectively (8,579)us-gaap_DividendsCommonStockCash         (8,579)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
       
Exercise of stock options 419us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised         (40)us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
  459us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
   
Purchase of 843,370, 533,018, 551,291 shares of common stock in 2012, 2013 and 2014 respectively (11,897)us-gaap_TreasuryStockValueAcquiredCostMethod             (11,897)us-gaap_TreasuryStockValueAcquiredCostMethod
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
   
Sale of stock for the deferred compensation plan, net                 224ocfc_SaleOfStockForDeferredCompensationPlan
/ us-gaap_StatementEquityComponentsAxis
= ocfc_CommonStockAcquiredByDeferredCompensationPlanMember
(224)ocfc_SaleOfStockForDeferredCompensationPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_DeferredCompensationShareBasedPaymentsMember
Ending Balance at Dec. 31, 2012 219,792us-gaap_StockholdersEquity (3,904)us-gaap_StockholdersEquity
/ us-gaap_EmployeeStockOwnershipPlanESOPDisclosuresByPlanAxis
= ocfc_EmployeeStockOwnershipPlanMember
   336us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
262,704us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
198,109us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
49us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(237,502)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
(647)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= ocfc_CommonStockAcquiredByDeferredCompensationPlanMember
647us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_DeferredCompensationShareBasedPaymentsMember
Net income 16,330us-gaap_NetIncomeLoss         16,330us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
       
Other comprehensive gain (loss), net of tax (6,668)us-gaap_OtherComprehensiveIncomeLossNetOfTax           (6,668)us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
     
Stock awards 671us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue       671us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Tax benefit (expense) of stock plans (31)us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation       (31)us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Treasury stock allocated to restricted stock plan         (275)us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
6us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
  269us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
   
Allocation of ESOP stock 538us-gaap_AmortizationOfESOPAward 288us-gaap_AmortizationOfESOPAward
/ us-gaap_EmployeeStockOwnershipPlanESOPDisclosuresByPlanAxis
= ocfc_EmployeeStockOwnershipPlanMember
    250us-gaap_AmortizationOfESOPAward
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Cash dividend - $0.48, $0.48 and 0.49 per share for 2012, 2013 and 2014 respectively (8,239)us-gaap_DividendsCommonStockCash         (8,239)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
       
Exercise of stock options 65us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised         (5)us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
  70us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
   
Purchase of 843,370, 533,018, 551,291 shares of common stock in 2012, 2013 and 2014 respectively (8,108)us-gaap_TreasuryStockValueAcquiredCostMethod             (8,108)us-gaap_TreasuryStockValueAcquiredCostMethod
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
   
Purchase of stock for the deferred compensation plan, net                 (18)ocfc_PurchaseOfStockForDeferredCompensationPlan
/ us-gaap_StatementEquityComponentsAxis
= ocfc_CommonStockAcquiredByDeferredCompensationPlanMember
18ocfc_PurchaseOfStockForDeferredCompensationPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_DeferredCompensationShareBasedPaymentsMember
Ending Balance at Dec. 31, 2013 214,350us-gaap_StockholdersEquity (3,616)us-gaap_StockholdersEquity
/ us-gaap_EmployeeStockOwnershipPlanESOPDisclosuresByPlanAxis
= ocfc_EmployeeStockOwnershipPlanMember
   336us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
263,319us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
206,201us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(6,619)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(245,271)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
(665)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= ocfc_CommonStockAcquiredByDeferredCompensationPlanMember
665us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_DeferredCompensationShareBasedPaymentsMember
Net income 19,920us-gaap_NetIncomeLoss         19,920us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
       
Other comprehensive gain (loss), net of tax (490)us-gaap_OtherComprehensiveIncomeLossNetOfTax           (490)us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
     
Stock awards 928us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue       928us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Tax benefit (expense) of stock plans 51us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation       51us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Treasury stock allocated to restricted stock plan         678us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
(99)us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
  (579)us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
   
Allocation of ESOP stock 570us-gaap_AmortizationOfESOPAward 286us-gaap_AmortizationOfESOPAward
/ us-gaap_EmployeeStockOwnershipPlanESOPDisclosuresByPlanAxis
= ocfc_EmployeeStockOwnershipPlanMember
    284us-gaap_AmortizationOfESOPAward
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Cash dividend - $0.48, $0.48 and 0.49 per share for 2012, 2013 and 2014 respectively (8,241)us-gaap_DividendsCommonStockCash         (8,241)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
       
Exercise of stock options 349us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised         (67)us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
  416us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
   
Purchase of 843,370, 533,018, 551,291 shares of common stock in 2012, 2013 and 2014 respectively (9,178)us-gaap_TreasuryStockValueAcquiredCostMethod             (9,178)us-gaap_TreasuryStockValueAcquiredCostMethod
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
   
Sale of stock for the deferred compensation plan, net                 361ocfc_SaleOfStockForDeferredCompensationPlan
/ us-gaap_StatementEquityComponentsAxis
= ocfc_CommonStockAcquiredByDeferredCompensationPlanMember
(361)ocfc_SaleOfStockForDeferredCompensationPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_DeferredCompensationShareBasedPaymentsMember
Ending Balance at Dec. 31, 2014 $ 218,259us-gaap_StockholdersEquity $ (3,330)us-gaap_StockholdersEquity
/ us-gaap_EmployeeStockOwnershipPlanESOPDisclosuresByPlanAxis
= ocfc_EmployeeStockOwnershipPlanMember
   $ 336us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 265,260us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ 217,714us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (7,109)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ (254,612)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
$ (304)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= ocfc_CommonStockAcquiredByDeferredCompensationPlanMember
$ 304us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_DeferredCompensationShareBasedPaymentsMember