8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K/A

Amendment No. 1

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 21, 2010

OCEANFIRST FINANCIAL CORP.

(Exact name of registrant as specified in its charter)

Delaware	001-11713	22-3412577
(State or other jurisdiction of incorporation or organization)	(Commission File No.)	(IRS Employer Identification No.)

975 HOOPER AVENUE, TOMS RIVER, NEW JERSEY 08753

(Address of principal executive offices, including zip code)

(732)240-4500

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 140.13e-4(c))

ITEM 2.02 RESULTS OF OPERATION AND FINANCIAL CONDITION

On January 21, 2010, OceanFirst Financial Corp. (the “Company”) issued a press release regarding the Company’s financial results for the period ended December 31, 2009 and filed a Form 8-K furnishing the press release. Subsequent to the issuance of the press release and filing of the Form 8-K, the Company identified an addition to the consolidated statement of financial condition relating to an increase of $40.7 million in mortgage-backed securities available for sale and a related increase in due to broker. The Company committed to the purchase of these securities in December 2009 and settled the transaction in January 2010. The Company’s amended statement of financial condition is attached hereto as Exhibit 99.1.

The information in this Form 8-K/A and in Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liability of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit 99.1 OceanFirst Financial Corp. consolidated statements of financial condition

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

OCEANFIRST FINANCIAL CORP.

/S/    MICHAEL FITZPATRICK        

Michael Fitzpatrick

Executive Vice President and Chief Financial Officer

Dated: February 26, 2010

Exhibit Index

Exhibit	Description
99.1	OceanFirst Financial Corp. consolidated statements of financial condition

EX-99.1

Exhibit 99.1

OceanFirst Financial Corp.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(dollars in thousands, except per share amounts)

	December 31, 2009			December 31, 2008
ASSETS
Cash and due from banks	$	23,016		$	18,475
Investment securities available for sale		37,267			34,364
Federal Home Loan Bank of New York stock, at cost		19,434			20,910
Mortgage-backed securities available for sale		213,622			40,801
Loans receivable, net		1,629,284			1,648,378
Mortgage loans held for sale		5,658			3,903
Interest and dividends receivable		6,059			6,298
Real estate owned, net		2,613			1,141
Premises and equipment, net		22,088			21,336
Servicing asset		6,515			7,229
Bank Owned Life Insurance		39,970			39,135
Other assets		24,502			15,976
Total assets	$	2,030,028		$	1,857,946
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	$	1,364,199		$	1,274,132
Securities sold under agreements to repurchase with retail customers		64,573			62,422
Federal Home Loan Bank advances		333,000			359,900
Other borrowings		27,500			27,500
Due to broker		40,684			—
Advances by borrowers for taxes and insurance		7,453			7,581
Other liabilities		9,083			6,628
Total liabilities		1,846,492			1,738,163
Stockholders’ equity:
Preferred stock, $.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, no shares issued at December 31, 2009		—			—
Common stock, $.01 par value, 55,000,000 shares authorized, 33,566,772 and 27,177,372 shares issued and 18,821,956 and 12,364,573 shares outstanding at December 31, 2009 and 2008, respectively		336			272
Additional paid-in capital		260,130			204,298
Retained earnings		163,063			160,267
Accumulated other comprehensive loss		(10,753	)		(14,462	)
Less: Unallocated common stock held by Employee Stock Ownership Plan		(4,776	)		(5,069	)
Treasury stock, 14,744,816 and 14,812,799 shares at December 31, 2009 and 2008, respectively		(224,464	)		(225,523	)
Common stock acquired by Deferred Compensation Plan		986			981
Deferred Compensation Plan Liability		(986	)		(981	)
Total stockholders’ equity		183,536			119,783
Total liabilities and stockholders’ equity	$	2,030,028		$	1,857,946

The amended statement of financial condition includes an increase of $40.7 million in mortgage-backed securities available for sale and a related increase in due to broker. The Company’s ratio of stockholders’ equity to total assets is 9.04% and the ratio of non-performing assets as a percent of total assets is 1.52%.