OceanFirst Bank, National Association

975 Hooper Avenue
Toms River, NJ 08753

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28359
Date Established 1902
Assets $7.52 billion
Loans $5.58 billion
Deposits $5.84 billion
Capital $1.10 billion

OceanFirst Bank, National Association is an FDIC insured institution located in Toms River, NJ. It was founded in 1902 and has approximately $7.52 billion in assets. Customers can open an account at one of its 89 branches.

For a more detailed analysis of OceanFirst Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in OceanFirst Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, OceanFirst Bank, National Association’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 46.04
Multifamily
Mortgages
7.95
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 8.07
Construction and Development Loans 4.77
Commercial Real Estate 34.35
Commercial and Industrial Loans 4.55
Farm Loans 0.00

Deposit Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.03% $1,000 $9,999 Learn MoreShow Less
Money Market
0.03% $10,000 $24,999 Learn MoreShow Less
Money Market
0.03% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $500 - Learn MoreShow Less
6 Mo CD
0.15% $500 - Learn MoreShow Less
Special: 11 Mo CD
1.00% $500 - Learn MoreShow Less
12 Mo CD
0.25% $500 - Learn MoreShow Less
Special: 16 Mo CD
2.00% $500 - Learn MoreShow Less
18 Mo CD
0.35% $500 - Learn MoreShow Less
24 Mo CD
0.40% $500 - Learn MoreShow Less
Special: 35 Mo CD
2.25% $500 - Learn MoreShow Less
36 Mo CD
0.45% $500 - Learn MoreShow Less
48 Mo CD
0.50% $500 - Learn MoreShow Less
Special: 59 Mo CD
2.50% $500 - Learn MoreShow Less
60 Mo CD
0.75% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $500 - Learn MoreShow Less
Special: 11 Mo FIRA
1.00% $500 - Learn MoreShow Less
Special: 16 Mo FIRA
2.00% $500 - Learn MoreShow Less
Special: 35 Mo FIRA
2.25% $500 - Learn MoreShow Less
Special: 59 Mo FIRA
2.50% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $24,999 Learn MoreShow Less

Loan Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

OceanFirst Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


OceanFirst Bank, National Association Locations


Financial Details

OceanFirst Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of OceanFirst Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
OceanFirst Bank, National Association U.S. Bank Average
2.47% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, OceanFirst Bank, National Association had $26,316,000 in non-current loans and $1,381,000 in owned real estate. To cover these potential losses it had $1,104,485,000 in equity and $16,577,000 in loans loss reserves. That gives it a Texas Ratio of 2.47%.

Return on Equity
OceanFirst Bank, National Association U.S. Bank Average
7.69% 8.80%

OceanFirst Bank, National Association has a Return on Equity of 7.69% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
OceanFirst Bank, National Association U.S. Bank Average
14.69% 12.29%

OceanFirst Bank, National Association has a Capitalization of 14.69% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

OceanFirst Bank, National Association Balance Sheet Analysis

As of December 31, 2018, OceanFirst Bank, National Association had assets of $7,517,345,000, loans of $5,579,221,000, and deposits of $5,837,756,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.11 billion
Interest-bearing balances $0.04 billion
Total securities $0.97 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $5.58 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.36 billion
All other assets $0.39 billion
     Total Assets $6.41 billion
LIABILITIES
Total deposits $5.84 billion
      Interest-bearing deposits $5.53 billion
      Deposits held in domestic offices $5.84 billion
      % insured (estimated) 61.08%
Federal funds purchased and repurchase agreements $0.06 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.48 billion
Subordinated debt $0.00 billion
All other liabilities $0.03 billion
      Total Liabilities $6.41 billion
      Shareholders’ Equity $1.10 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.28 billion
Total Interest Expense $0.03 billion
Net interest income $0.25 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.04 billion
Total non interest expense $0.19 billion
Pre-tax Net Operating Income $0.09 billion

Frequently Asked Questions About Oceanfirst Bank, National Association

Branches and Savings

Is Oceanfirst Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #28359.

Why does Oceanfirst Bank, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Oceanfirst Bank, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Oceanfirst Bank, National Association a commercial bank?

Yes

Where are Oceanfirst Bank, National Association locations?

See branch locations nearby.

Is Oceanfirst Bank, National Association open on Saturdays?

Is Oceanfirst Bank, National Association open on Sundays?

What time does Oceanfirst Bank, National Association open?

What time does Oceanfirst Bank, National Association close?

Are Oceanfirst Bank, National Association ATMs Open 24/7?

Do Oceanfirst Bank, National Association ATMs accept cash deposits?

Can Oceanfirst Bank, National Association customers use other ATMs?

Do Oceanfirst Bank, National Association branches have notaries?

Will Oceanfirst Bank, National Association notarize my document?

What address for Oceanfirst Bank, National Association should I put for incoming ACH transfers?

Will the Oceanfirst Bank, National Association branch print checks?

Do Oceanfirst Bank, National Association checks expire?

Does Oceanfirst Bank, National Association require US citizenship to open account?

Can Oceanfirst Bank, National Association close my account?

Does Oceanfirst Bank, National Association Report to credit bureaus?

Does Oceanfirst Bank, National Association Use Equifax?

What is Oceanfirst Bank, National Association's ACH Routing Number?

What is Oceanfirst Bank, National Association's SWIFT code?

Products

Does Oceanfirst Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Oceanfirst Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Oceanfirst Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Oceanfirst Bank, National Association offer student loans?

Will Oceanfirst Bank, National Association cash a check?

Will Oceanfirst Bank, National Association redeem a savings bond?

Does Oceanfirst Bank, National Association cash savings bonds?

Will Oceanfirst Bank, National Association cash money orders?

Can Oceanfirst Bank, National Association issue a money order?

Does Oceanfirst Bank, National Association do currency exchange?

Background on The Bank

Who owns Oceanfirst Bank, National Association?

How long has Oceanfirst Bank, National Association been around?

Can Oceanfirst Bank, National Association transfer to other banks?

Does Oceanfirst Bank, National Association have quick pay?

Does Oceanfirst Bank, National Association accept rolled coins?

Will Oceanfirst Bank, National Association accept loose change?

Where is Oceanfirst Bank, National Association headquarters?

Customer Reviews for OceanFirst Bank, National Association

There are currently no comments for OceanFirst Bank, National Association. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →