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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 189,019 $ 204,949
Debt securities available-for-sale, at estimated fair value 507,276 568,255
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,293 at June 30, 2022 and $1,467 at December 31, 2021 (estimated fair value of $987,532 at June 30, 2022 and $1,152,744 at December 31, 2021) 1,068,034 1,139,193
Equity investments 75,269 101,155
Restricted equity investments, at cost 76,047 53,195
Loans receivable, net of allowance for loan credit losses of $52,061 at June 30, 2022 and $48,850 at December 31, 2021 9,380,688 8,583,352
Interest and dividends receivable 34,184 32,606
Other real estate owned 0 106
Premises and equipment, net 128,118 125,828
Bank owned life insurance 260,230 259,207
Assets held for sale 4,263 6,229
Goodwill 506,146 500,319
Core deposit intangible 15,827 18,215
Other assets 193,552 147,007
Total assets 12,438,653 11,739,616
Liabilities and Stockholders’ Equity    
Deposits 9,831,484 9,732,816
Federal Home Loan Bank (“FHLB”) advances 488,750 0
Securities sold under agreements to repurchase with customers 105,495 118,769
Other borrowings 194,654 229,141
Advances by borrowers for taxes and insurance 23,640 20,305
Other liabilities 273,198 122,032
Total liabilities 10,917,221 10,223,063
Stockholders’ equity:    
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, and 57,370 shares issued at both June 30, 2022 and December 31, 2021 1 1
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,863,794 and 61,535,381 shares issued at June 30, 2022 and December 31, 2021, respectively; and 59,130,236 and 59,175,046 shares outstanding at June 30, 2022 and December 31, 2021, respectively 612 611
Additional paid-in capital 1,151,363 1,146,781
Retained earnings 474,114 442,306
Accumulated other comprehensive loss (29,093) (2,821)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") (7,403) (8,615)
Treasury stock, 2,733,558 and 2,360,335 shares at June 30, 2022 and December 31, 2021, respectively (69,106) (61,710)
OceanFirst Financial Corp. stockholders’ equity 1,520,488 1,516,553
Non-controlling interest 944 0
Total stockholders’ equity 1,521,432 1,516,553
Total liabilities and stockholders’ equity $ 12,438,653 $ 11,739,616