Oceanfirst Bank Mortgage Rates, Fees & Info

Toms River, NJ

LEI: 5493002N5168AC238149

Tax ID: 21-0607451

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Oceanfirst Bank is a smaller bank specializing in Home Purchase loans. Oceanfirst Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Ocean City, Atlantic City, Philadelphia, and Cleveland among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Oceanfirst Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Oceanfirst Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.85% 4/21/24
    30 Year Conventional Purchase 6.05% 4/21/24
    30 Year Conventional Refi 6.07% 4/21/24
    30 Year Cash-out Refi 5.98% 4/21/24
    15 Year Conventional Purchase 5.64% 4/21/24
    15 Year Conventional Refi 6.14% 4/21/24
    15 Year Cash-out Refi 6.14% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Oceanfirst Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Oceanfirst Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,713

    Origination Dollar Volume (All Markets)

    $467,985,000

    Employee count

    850 Show all (6) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,008 $277,870,000 $275,665 $2,951 4.56%
    OCEAN CITY, NJ (FHA|USDA|VA) 270 $98,290,000 $364,037 $3,697 4.45%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 218 $41,880,000 $192,110 $2,351 4.53%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 114 $20,040,000 $175,789 $1,749 4.61%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $14,755,000 $14,755,000 $0 5.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 67 $4,785,000 $71,418 $365 4.42%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $2,175,000 $2,175,000 $11,706 4.25%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 14 $1,890,000 $135,000 $929 4.48%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,677 4.58%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,010,000 $505,000 $3,830 3.38%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $675,000 $225,000 $5,515 4.42%
    Heber, UT (FHA|USDA|VA) 1 $455,000 $455,000 $2,770 4.13%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $425,000 $425,000 $4,464 4.75%
    Outside of Metro Areas 1 $415,000 $415,000 $3,976 3.88%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $385,000 $385,000 $2,429 4.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,687 4.38%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $255,000 $255,000 $3,738 3.88%
    Barre, VT (FHA|USDA|VA) 1 $255,000 $255,000 $2,402 4.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $235,000 $235,000 $2,965 4.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,014 3.13%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $175,000 $175,000 $3,139 4.75%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $155,000 $155,000 $1,904 3.63%
    ROCHESTER, NY (FHA|USDA|VA) 1 $135,000 $135,000 $2,680 4.38%
    Oceanfirst Bank's top markets include New York, Ocean City, Atlantic City, Philadelphia, and Cleveland among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against OceanFirst Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 55
    Iron Workers Savings Bank
    Similarity Rank: 63
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Haddon Savings Bank
    Similarity Rank: 116
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Freehold Savings Bank
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 126

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,477 $436,145,000 $295,291 $2,789 4.32%
    HELOC 226 $29,150,000 $128,982 n/a 5.92%
    FHA 5 $1,245,000 $249,000 $7,324 4.45%
    VA 5 $1,445,000 $289,000 $5,920 4.43%

    For 2018, Oceanfirst Bank's most frequently originated type of loan was Conventional, with 1,477 originations. Their 2nd most popular type was HELOC, with 226 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 649 $272,625,000 $420,069 $4,815 4.29%
    Refi 522 $90,930,000 $174,195 $766 4.52%
    Other 307 $36,975,000 $120,440 $874 5.06%
    Cash Out Refi 149 $55,785,000 $374,396 $3,758 4.25%
    Home Improvement 86 $11,670,000 $135,698 $258 5.10%

    For 2018, Oceanfirst Bank's most frequently cited loan purpose was Home Purchase, with 649 originations. The 2nd most popular reason was Refi, with 522 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 743 $301,465,000 $405,740 $4,658 4.33%
    20 Year 421 $56,175,000 $133,432 $501 5.37%
    15 Year 274 $50,980,000 $186,058 $1,721 4.06%
    10 Year 165 $38,655,000 $234,273 $281 4.23%
    5 Year 102 $14,540,000 $142,549 $20 4.22%
    Other 7 $5,955,000 $850,714 $2,345 5.75%
    3 Year 1 $215,000 $215,000 $0 5.00%

    For 2018, Oceanfirst Bank's most frequently cited loan duration was 30 Year, with 743 originations. The 2nd most popular length was 20 Year, with 421 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,269 $304,325,000 $239,815
    $2k-3k 48 $17,770,000 $370,208
    $3k-4k 41 $20,445,000 $498,659
    $1k-2k 35 $9,545,000 $272,714
    $5k+ 29 $27,815,000 $959,138
    $4k-5k 24 $15,420,000 $642,500

    Oceanfirst Bank's average total fees were $4,658, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,269 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 854 $264,450,000 $309,660
    3-4% 442 $123,430,000 $279,253
    5-6% 312 $51,870,000 $166,250
    6-7% 66 $12,560,000 $190,303
    2.5-3% 34 $12,490,000 $367,353
    7-8% 2 $470,000 $235,000

    During 2018, Oceanfirst Bank's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 4-5%, with 854 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 578 $28,670,000 $49,602 $313 4.79%
    $200k-400k 410 $115,240,000 $281,073 $3,520 4.42%
    $100k-200k 363 $52,495,000 $144,614 $1,934 4.57%
    $400k-600k 193 $92,895,000 $481,321 $5,175 4.21%
    $600k-1MM 125 $92,665,000 $741,320 $6,418 4.17%
    $1MM+ 44 $86,020,000 $1,955,000 $11,126 4.35%

    2018 saw Oceanfirst Bank place emphasis on $100,000 or less loans with 578 originations, totaling $28,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 351 $182,725,000 $520,584 $5,030 4.41%
    $150k-250k 341 $108,565,000 $318,372 $3,824 4.51%
    $100k-150k 325 $61,305,000 $188,631 $2,425 4.54%
    $50k-75k 242 $24,480,000 $101,157 $1,149 4.56%
    $75k-100k 207 $27,825,000 $134,420 $1,654 4.65%
    $50k or less 167 $9,325,000 $55,838 $540 4.50%

    Oceanfirst Bank lent most frequently to those with incomes in the $250k+ range, with 351 originations. The second most popular income band? $150k-250k, with 341 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 415 $116,165,000 $279,916 $3,144 4.48%
    30-36% 339 $85,725,000 $252,876 $2,796 4.47%
    <20% 193 $48,625,000 $251,943 $2,568 4.28%
    42% 90 $23,450,000 $260,556 $2,409 4.47%
    39% 82 $21,900,000 $267,073 $2,843 4.57%
    43% 74 $16,860,000 $227,838 $2,907 4.75%
    40% 73 $14,005,000 $191,849 $2,099 4.58%
    41% 73 $16,555,000 $226,781 $3,176 4.56%
    36% 59 $15,395,000 $260,932 $2,920 4.63%
    38% 54 $13,850,000 $256,481 $2,485 4.45%
    44% 54 $8,930,000 $165,370 $2,174 5.00%
    37% 51 $12,965,000 $254,216 $2,736 4.56%
    45% 35 $9,125,000 $260,714 $3,721 4.82%
    47% 29 $6,415,000 $221,207 $2,433 4.56%
    48% 20 $6,200,000 $310,000 $3,014 4.65%
    46% 18 $5,110,000 $283,889 $3,052 4.76%
    >60% 7 $645,000 $92,143 $0 4.52%
    50-60% 4 $1,730,000 $432,500 $7,327 4.38%
    49% 3 $955,000 $318,333 $2,665 4.13%

    Oceanfirst Bank lent most frequently to those with DTI ratios of 20-30%, with 415 originations. The next most common DTI ratio? 30-36%, with 339 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,479 $369,175,000 $249,611 $2,787 4.53%
    Not provided 155 $47,065,000 $303,645 $3,182 4.43%
    Not applicable 38 $42,560,000 $1,120,000 $0 5.33%
    Asian 27 $8,075,000 $299,074 $3,228 4.41%
    Black 10 $530,000 $53,000 $731 4.74%
    Asian Indian 1 $355,000 $355,000 $2,890 3.88%
    Native Hawaiian or Islander 2 $170,000 $85,000 $0 4.75%
    American Indian 1 $55,000 $55,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    77.97%

    Oceanfirst Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.25%

    Oceanfirst Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,713 $467,985,000 $273,196

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $14,755,000 $14,755,000
    Multifamily:Site-Built 20 $20,280,000 $1,014,000
    Single Family (1-4 Units):Site-Built 1,692 $432,950,000 $255,881

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 297 $44,805,000 $150,859 $1,371 4.67%
    40-60% 259 $75,555,000 $291,718 $2,929 4.32%
    60-80% 525 $235,225,000 $448,048 $4,343 4.38%
    80-100% 246 $83,350,000 $338,821 $4,014 4.36%
    Over 100% 4 $7,000,000 $1,750,000 $12,006 5.32%
    Under 20% 381 $21,855,000 $57,362 $90 4.89%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    OCMBC, Inc Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    OCMBC, Inc VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    OceanFirst Bank, National Association 1 North Main Street Pennington, NJ 8534 Full Service B&M $45,151
    OceanFirst Bank, National Association 10 Leesville Road Jackson, NJ 8527 Full Service B&M $107,895
    OceanFirst Bank, National Association 1001 Asbury Ave Ocean City, NJ 8226 Full Service B&M $164,178
    OceanFirst Bank, National Association 105 Roosevelt Blvd Marmora, NJ 8223 Full Service B&M $109,191
    OceanFirst Bank, National Association 1107 N High Street Millville, NJ 8332 Full Service B&M $140,029
    OceanFirst Bank, National Association 1184 East Landis Avenue Vineland, NJ 8360 Full Service B&M $121,087
    OceanFirst Bank, National Association 1245 Highway 77 Bridgeton, NJ 8302 Full Service B&M $47,258
    OceanFirst Bank, National Association 12th Street And First Road Hammonton, NJ 8037 Full Service B&M $81,059
    OceanFirst Bank, National Association 1320 Black Horse Pike Glendora, NJ 8029 Full Service B&M $81,167
    OceanFirst Bank, National Association 141 Egg Harbor Road Sewell, NJ 8080 Full Service B&M $108,083
    OceanFirst Bank, National Association 147 Route 70, Suite 1 Toms River, NJ 8755 Full Service B&M $96,232
    OceanFirst Bank, National Association 1600 Perrineville Road Monroe Township, NJ 8831 Full Service B&M $50,899
    OceanFirst Bank, National Association 1777 New Road Linwood, NJ 8221 Full Service B&M $205,571
    OceanFirst Bank, National Association 1801 Atlantic Avenue Atlantic City, NJ 8401 Full Service B&M $149,101
    OceanFirst Bank, National Association 1899 Bayshore Road Villas, NJ 8251 Full Service B&M $45,826
    OceanFirst Bank, National Association 191 Route 9 South Manalapan, NJ 7726 Full Service B&M $56,552
    OceanFirst Bank, National Association 205 Route 72 West Manahawkin, NJ 8050 Full Service B&M $185,181
    OceanFirst Bank, National Association 217 Jackson St Cape May, NJ 8204 Full Service B&M $46,394
    OceanFirst Bank, National Association 224 South Main Street Flemington, NJ 8822 Full Service B&M $69,249
    OceanFirst Bank, National Association 225 North Main Street Cape May Court House, NJ 8210 Full Service B&M $100,396
    OceanFirst Bank, National Association 2251 Ocean Heights Avenue Egg Harbor Township, NJ 8234 Full Service B&M $98,425
    OceanFirst Bank, National Association 2400 Bridge Avenue Point Pleasant, NJ 8742 Full Service B&M $147,475
    OceanFirst Bank, National Association 2401 Route 71 Spring Lake, NJ 7762 Full Service B&M $78,402
    OceanFirst Bank, National Association 2445 Route 34 Manasquan, NJ 8736 Full Service B&M $168,927
    OceanFirst Bank, National Association 267 Main Street Matawan, NJ 7747 Full Service B&M $80,489
    OceanFirst Bank, National Association 2745 S. Delsea Drive Vineland, NJ 8360 Full Service B&M $162,247
    OceanFirst Bank, National Association 303 Village Center Drive Logan Township, NJ 8085 Full Service B&M $51,570
    OceanFirst Bank, National Association 308 West Main Street Freehold, NJ 7728 Full Service B&M $187,254
    OceanFirst Bank, National Association 3100 Route 88 Point Pleasant Boro, NJ 8742 Full Service B&M $50,160
    OceanFirst Bank, National Association 3101 New Jersey Avenue Wildwood, NJ 8260 Full Service B&M $42,155
    OceanFirst Bank, National Association 320 E. Jimmie Leeds Road Galloway, NJ 8205 Full Service B&M $140,210
    OceanFirst Bank, National Association 321 Chambers Bridge Road Brick, NJ 8723 Full Service B&M $201,654
    OceanFirst Bank, National Association 3534 Rt. 27 Kendall Park, NJ 8824 Full Service B&M $53,321
    OceanFirst Bank, National Association 3707 Route 9 S Rio Grande, NJ 8242 Full Service B&M $27,145
    OceanFirst Bank, National Association 376 Tilton Road Northfield, NJ 8225 Full Service B&M $78,918
    OceanFirst Bank, National Association 380 South Lenola Road Maple Shade, NJ 8052 Full Service B&M $56,141
    OceanFirst Bank, National Association 400 Lacey Road Whiting, NJ 8759 Full Service B&M $88,773
    OceanFirst Bank, National Association 400 Route 34 Colts Neck, NJ 7722 Full Service B&M $31,332
    OceanFirst Bank, National Association 411 Route 33 Trenton, NJ 8619 Full Service B&M $62,339
    OceanFirst Bank, National Association 425 Route 9 South Little Egg Harbor, NJ 8087 Full Service B&M $180,340
    OceanFirst Bank, National Association 490 Shrewsbury Plaza Shrewsbury, NJ 7702 Full Service B&M $92,715
    OceanFirst Bank, National Association 52 Centennial Drive Long Branch, NJ 7740 Full Service B&M $21,010
    OceanFirst Bank, National Association 5401 Harding Hwy Mays Landing, NJ 8330 Full Service B&M $137,738
    OceanFirst Bank, National Association 55 Bananier Drive Toms River, NJ 8755 Full Service B&M $125,947
    OceanFirst Bank, National Association 627 Haddon Ave Collingswood, NJ 8108 Full Service B&M $93,475
    OceanFirst Bank, National Association 6302 Ventnor Avenue Ventnor, NJ 8406 Full Service B&M $102,760
    OceanFirst Bank, National Association 70 Brick Blvd. Brick, NJ 8723 Full Service B&M $73,808
    OceanFirst Bank, National Association 701 Arnold Ave. Point Pleasant, NJ 8742 Full Service B&M $71,084
    OceanFirst Bank, National Association 73 Broad Street Red Bank, NJ 7701 Full Service B&M $71,223
    OceanFirst Bank, National Association 741 Route 73 S Marlton, NJ 8053 Full Service B&M $23,699
    OceanFirst Bank, National Association 791 Route 9 Bayville, NJ 8721 Full Service B&M $73,941
    OceanFirst Bank, National Association 801 White Horse Pike Egg Harbor City, NJ 8215 Full Service B&M $54,374
    OceanFirst Bank, National Association 845 W. Bay Avenue Barnegat, NJ 8005 Full Service B&M $93,500
    OceanFirst Bank, National Association 845 West Bay Avenue Barnegat, NJ 8005 Full Service Cyber Office $1
    OceanFirst Bank, National Association 85 W Broad St. Bridgeton, NJ 8302 Full Service B&M $161,220
    OceanFirst Bank, National Association 900 Lacey Road Forked River, NJ 8731 Full Service B&M $141,061
    OceanFirst Bank, National Association 975 Hooper Avenue Toms River, NJ 8753 Full Service B&M $289,807
    OceanFirst Bank, National Association 99 Hartford Road Medford, NJ 8055 Full Service B&M $54,824
    OceanFirst Bank, National Association Black Horse Pike & Fire Road Egg Harbor Township, NJ 8234 Full Service B&M $66,022
    OceanFirst Bank, National Association Essex & Ventnor Avenue Margate City, NJ 8402 Full Service B&M $106,198

    For 2018, Oceanfirst Bank had 60 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $277,352
    Net interest income $245,350
    Total noninterest income $41,038
    Gross Fiduciary activities income $2,245
    Service charges on deposit accounts $14,992
    Trading account gains and fees $0
    Additional Noninterest Income $23,801
    Pre-tax net operating income $90,235
    Securities gains (or losses, -) $49
    Income before extraordinary items $75,887
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $75,887
    Minority interest net income $0
    Net income $75,887
    Sale, conversion, retirement of capital stock, net $-3,745
    Net operating income $75,845

    Oceanfirst Bank's gross interest income from loans was $277,352,000.
    Oceanfirst Bank's net interest income from loans was $245,350,000.
    Oceanfirst Bank's fee based income from loans was $14,992,000.
    Oceanfirst Bank's net income from loans was $75,887,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $32,002
    Provision for credit losses $3,490
    Total noninterest expense $192,663
    Salaries and employee benefits $81,870
    Premises and equipment expense $26,234
    Additional noninterest expense $84,559
    Applicable income taxes $14,397
    Net charge-offs $2,634
    Cash dividends $32,000

    Oceanfirst Bank's interest expense for loans was $32,002,000.
    Oceanfirst Bank's payroll and benefits expense were $81,870,000.
    Oceanfirst Bank's property, plant and equipment expenses $26,234,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $5,837,756
    Deposits held in domestic offices $5,837,756
    Deposits by Individuals, partnerships, and corporations $4,375,003
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,450,314
    Deposits by Commercial banks and other depository institutions in U.S. $12,440
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $670,190
    Demand deposits $328,256
    Nontransaction accounts $5,167,567
    Money market deposit accounts (MMDAs) $571,126
    Other savings deposits (excluding MMDAs) $3,731,031
    Total time deposits $865,411
    Total time and savings deposits $5,509,501
    Noninterest-bearing deposits $305,446
    Interest-bearing deposits $5,532,310
    Retail deposits $5,720,951
    IRAs and Keogh plan accounts $183,645
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,517,345
    Cash & Balances due from depository institutions $109,162
    Interest-bearing balances $37,692
    Total securities $965,196
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,579,221
    Loan and leases loss allowance $16,577
    Trading account assets $0
    Bank premises and fixed assets $115,731
    Other real estate owned $1,381
    Goodwill and other intangibles $355,499
    All other assets $391,155

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,517,345
    Total Liabilities $6,412,860
    Total deposits $5,837,756
    Interest-bearing deposits $5,532,310
    Deposits held in domestic offices $5,837,756
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $61,760
    Trading liabilities $0
    Other borrowed funds $479,167
    Subordinated debt $0
    All other liabilities $34,177

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,579,221
    Loan and leases loss allowance $16,577
    Total loans and leases (domestic) $5,595,798
    All real estate loans $5,197,917
    Real estate loans in domestic offices $5,197,917
    Construction and development loans $266,370
    Residential 1-4 family construction $121,533
    Other construction, all land development and other land $144,837
    Loans secured by nonfarm nonresidential properties $1,916,703
    Nonfarm nonresidential secured by owner-occupied properties $740,893
    Commercial real estate & other non-farm, non-residential $1,175,810
    Multifamily residential real estate $443,355
    1-4 family residential loans $2,568,565
    Farmland loans $2,924
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $254,002
    To non-U.S. addressees $0
    Loans to individuals $131,957
    Credit card loans $0
    Related Plans $3,262
    Consumer Auto Loans $19
    Other loans to individuals $128,676
    All other loans & leases $11,922
    Loans to foreign governments and official institutions $0
    Other loans $8,211
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $20,084
    Non 1-4 family restructured loans & leases $9,392
    Total loans and leases (foreign) $0

    OceanFirst Bank had $5,579,221,000 of loans outstanding in 2018. $5,197,917,000 of loans were in real estate loans. $266,370,000 of loans were in development loans. $443,355,000 of loans were in multifamily mortgage loans. $2,568,565,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $19,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 1,768 $450,343 $254,719
    Nonfarm, nonresidential loans - <$100k 298 $13,297 $44,621
    Nonfarm, nonresidential loans - $100-250k 541 $68,157 $125,983
    Nonfarm, nonresidential loans - $250k-1MM 929 $368,889 $397,082
    Commercial & Industrial, US addressed loans - <$1MM 557 $86,388 $155,095
    Commercial & Industrial, US addressed loans - <$100k 254 $8,841 $34,807
    Commercial & Industrial, US addressed loans - $100-250k 130 $17,475 $134,423
    Commercial & Industrial, US addressed loans - $250k-1MM 173 $60,072 $347,237
    Farmland loans - <$1MM 2 $212 $106,000
    Farmland loans - <$100k 1 $36 $36,000
    Farmland loans - $100-250k 1 $176 $176,000