XML 125 R112.htm IDEA: XBRL DOCUMENT v3.20.4
Parent-Only Financial Information - Condensed Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]                      
Net gain on equity investments $ 24,487 $ (3,576) $ 148 $ 155         $ 21,214 $ 267 $ (199)
Other income 11,032 11,755 11,282 13,542 $ 11,231 $ 11,543 $ 9,879 $ 9,512      
Interest expense – borrowings                 18,367 14,391 13,574
Operating expenses                 246,431 189,142 186,337
(Provision) benefit for income taxes (10,419) 2,608 (5,878) (4,044) (3,181) (6,302) (4,465) (4,836) (17,733) (18,784) (13,570)
Net income $ 33,064 $ (4,926) $ 18,638 $ 16,533 $ 23,450 $ 24,971 $ 18,980 $ 21,173 63,309 88,574 71,932
OceanFirst Financial Corp.                      
Condensed Financial Statements, Captions [Line Items]                      
Dividend income – subsidiary Bank                 54,000 79,000 32,000
Interest and dividend income – investment securities                 949 63 63
Interest income – advances to subsidiary Bank                 403 426 525
Interest income – ESOP loan receivable                 301 321 321
Net gain on equity investments                 20,460 0 0
Other income                 0 0 15
Total income                 76,113 79,810 32,924
Interest expense – borrowings                 10,592 5,402 4,997
Operating expenses                 3,382 2,686 2,397
Income before income taxes and undistributed earnings of subsidiary Bank                 62,139 71,722 25,530
(Provision) benefit for income taxes                 (2,901) 924 846
Income before undistributed earnings of subsidiary Bank                 59,238 72,646 26,376
Undistributed earnings of subsidiary Bank                 4,071 15,928 45,556
Net income                 $ 63,309 $ 88,574 $ 71,932