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%.