OceanFirst Bank, N.A.
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Data as of · sourced from FFIEC call reports. How we update
OceanFirst Bank, N.A. is an FDIC-insured commercial bank headquartered in Toms River, NJ, established in 1902 (FDIC certificate 28359), and it is supervised by the OCC. At Q2 2026 it reported total assets of $23.17B, the 3rd largest of 49 banks headquartered in New Jersey. Its CET1 capital ratio was 12.96% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 28359
- Headquarters
- Toms River, NJ
- Established
- 1902
- Total assets, Q2 2026
- $23.17B
- CET1 ratio, Q2 2026
- 12.96%
- Domestic offices
- 72 FDIC institution directory, current count
- Routing number
- 231270353
- Latest call report
- Q2 2026, FFIEC 041 · OceanFirst Bank, N.A. call report
- Holding company
- OCEANFIRST FINANCIAL CORP.
- Asset rank in state
- 3rd of 49 in New Jersey
Problem loans are rising at OceanFirst Bank, N.A.. The Toms River, New Jersey bank had $23.2 billion in assets at June 30, 2026, against $13.2 billion a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.66% of loans from 0.33% a year earlier. It earns about $0.09 a year on every $100 of assets, a small fraction of the median of $1.32 for the 127 banks with $10 billion to $100 billion in assets. It also spends about 88 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 53 cents).
Earnings fell sharply: quarterly net income of $3.9 million was 81% below a year earlier. The non-owner-occupied commercial real estate book ($5.5 billion) is worsening: 1.31% of it is past due or on nonaccrual, up from 0.35% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 3.8 times its capital, higher than about 9 in 10 banks its size (median 2.2 times).
As of June 30, 2026, OceanFirst Bank, N.A. reported a CET1 capital ratio of 12.96%, a return on assets of 0.09%, a nonperforming-loan ratio of 0.66% and a Texas ratio of 5.29%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, OceanFirst Bank, N.A. is the 3rd largest of the 49 banks headquartered in New Jersey. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 60.1% to $23.17B, loans rose 46.2% and deposits rose 59.6%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 33.9% of total loans, ahead of 1-4 family residential loans at 25.6%. The FDIC Summary of Deposits lists 73 offices for it, in 53 cities across 3 states; its Uniondale 2 offices book 13% of its branch deposits. By the capital ratios in its Q2 2026 call report, OceanFirst Bank, N.A. meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 975 Hooper Ave, Toms River, NJ 08753
- County
- Ocean
- Metro Area
- New York-Newark-Jersey City, NY-NJ
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 3, Philadelphia
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1902
- Former names
- OceanFirst Bank (1999-2018); Ocean Federal Savings Bank (1989-1999)
- Domestic offices
- 72 FDIC institution directory, current count
- Employees (FTE)
- 1,489
- Domestic deposits
- $17.96B
- Allowance for credit losses
- $209.7M
- Net charge-offs (YTD)
- $2.2M
- Average total assets
- $17.21B
- Average total loans
- $13.05B
- Average interest-bearing deposits
- $11.29B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28359
- Fed RSSD
- 85472
- SEC CIK
- 1004702 → filed by OCEANFIRST FINANCIAL CORP.
- Website
- www.oceanfirst.com →
- Parent Holding Company
- OCEANFIRST FINANCIAL CORP. (RSSD 2609975) · OCFC
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Christopher Maher | CEO | Chairman and CEO |
| Joseph Lebel Iii | PRES | President and COO |
| Barrett Patrick Sean | CFO | Senior EVP & CFO |
| David Berninger | CRO | Senior EVP & CRO |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, OceanFirst Bank, N.A.'s total assets ranged from $13.21B (Q2 2024) to $23.17B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$23.17B total assets against $13.24B; $20.46B total liabilities against $11.55B.
$16.09B net loans and leases against $10.14B; $17.96B total deposits against $10.35B.
$4.92B securities against $1.70B; $266.5M cash and balances due against $164.2M.
$208.9M total interest income against $154.2M; $83.4M total interest expense against $64.2M.
$125.5M net interest income against $90.0M.
$10.9M total noninterest income against $9.2M; $123.2M total noninterest expense against $68.9M.
$4.0M provision for credit losses against $3.0M.
$3.9M net income against $20.7M.
0.09% return on assets against 0.63%; 3.14% net interest margin against 2.97%.
12.96% CET1 capital ratio against 11.56%; 12.62% tier 1 leverage ratio against 9.10%.
Inside the full OceanFirst Bank, N.A. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
More than half of deposits are uninsured (above the $250K FDIC threshold). Worth understanding the depositor concentration in stressed scenarios. BankRegReports early-warning band.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
OceanFirst Bank, N.A. rankings
Its closest position to the top of a national ranking is 92 of 4,196, for total assets; its furthest is 3,478 of 3,611, for ROA.
Metric pages for OceanFirst Bank, N.A.: Uninsured deposits.
Banks merged into OceanFirst Bank, N.A.
- Flushing Bank, effective June 2, 2026
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.09% (Q2 2026) to 0.76% (Q3 2024) and its net interest margin ran from 2.74% (Q3 2024) to 3.14% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.96% | 0.09% | 0.66% | 5.29% | 3.14% |
| Q1 2026 | 11.73% | 0.72% | 0.31% | 3.41% | 2.98% |
| Q4 2025 | 11.54% | 0.55% | 0.25% | 2.95% | 2.99% |
| Q3 2025 | 11.27% | 0.59% | 0.39% | 3.87% | 3.03% |
| Q2 2025 | 11.56% | 0.63% | 0.33% | 3.34% | 2.97% |
| Q1 2025 | 11.92% | 0.69% | 0.37% | 3.11% | 2.91% |
| Q4 2024 | 11.83% | 0.70% | 0.35% | 3.02% | 2.74% |
| Q3 2024 | 12.02% | 0.76% | 0.28% | 2.25% | 2.74% |
Swipe the table sideways to see every column.
Branch Network
View all 73 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Flushing Bank Branch | Uniondale , NY | 11556 | $2.32B |
| OceanFirst Bank, N.A. (main office) | Toms River , NJ | 08753 | $1.15B |
| Vineland-Main Road Branch | Vineland , NJ | 08360 | $549.3M |
| New Hyde Park Branch | New Hyde Park , NY | 11040 | $539.2M |
| Third Avenue Branch | New York , NY | 10017 | $526.2M |
| Tinton Falls Branch | Tinton Falls , NJ | 07701 | $524.6M |
| Islandia Branch | Islandia , NY | 11749 | $462.4M |
| Freehold Marketplace Branch | Freehold , NJ | 07728 | $434.4M |
| Manahawkin Branch | Manahawkin , NJ | 08050 | $430.7M |
| W Broad St Branch | Bridgeton , NJ | 08302 | $407.4M |
| Atlantic City Branch | Atlantic City , NJ | 08401 | $398.5M |
| Forked River Branch | Forked River , NJ | 08731 | $394.2M |
| Middletown Branch | Red Bank , NJ | 07701 | $376.4M |
| Linwood Branch | Linwood , NJ | 08221 | $363.7M |
| Pt Pleasant Boro Branch | Point Pleasant , NJ | 08742 | $358.2M |
| Wall Branch | Manasquan , NJ | 08736 | $344.4M |
| Egg Harbor Township Branch | Egg Harbor Township , NJ | 08234 | $339.8M |
| Maple Shade Branch | Maple Shade , NJ | 08052 | $323.1M |
| Broadway Station | Flushing , NY | 11358 | $319.7M |
| Garden City Branch | Garden City , NY | 11530 | $311.2M |
| Brick Branch | Brick , NJ | 08723 | $278.6M |
| Cape May Court House | Cape May Court House , NJ | 08210 | $270.4M |
| Ocean City Branch | Ocean City , NJ | 08226 | $265.8M |
| Montague Street Branch | Brooklyn , NY | 11201 | $260.3M |
| Murray Hill | Flushing , NY | 11354 | $251.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 2, 2026 | M&A | Acquired Flushing Bank merger for the acquired bank | SEC |
| June 2, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 2, 2026 | Structure Change | Acquired Flushing Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 2020 | M&A | Acquired Country Bank merger for the acquired bank | SEC |
| January 1, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2020 | Structure Change | Acquired Country Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 1, 2019 | M&A | Acquired Capital Bank of New Jersey merger for the acquired bank | SEC |
| February 1, 2019 | Structure Change | Acquired Capital Bank of New Jersey Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 31, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 1, 2018 | M&A | Acquired Sun National Bank merger for the acquired bank | SEC |
| February 1, 2018 | Structure Change | Acquired Sun National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 31, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 1, 2016 | M&A | Acquired Ocean City Home Bank merger for the acquired bank | SEC |
| December 1, 2016 | Structure Change | Acquired Ocean City Home Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 30, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 2, 2016 | M&A | Acquired Cape Bank merger for the acquired bank | SEC |
| May 2, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 2, 2016 | Structure Change | Acquired Cape Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 1, 2015 | M&A | Acquired Colonial American Bank merger for the acquired bank | SEC |
| August 1, 2015 | Structure Change | Acquired Colonial American Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 31, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 21 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 3 against individuals associated with it
- Period: Most recent action November 19, 2009. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 2.2% of deposits in NJ, rank 9 of 96 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 3,613 applications, 2,638 loans originated, $1.17B originated, across 33 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 16 loans, $13.3M approved, $834K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 14 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about OceanFirst Bank, N.A.
What are OceanFirst Bank, N.A.'s total assets?
As of the Q2 2026 filing, OceanFirst Bank, N.A. reported total assets of $23.17 billion in its FFIEC call report.
Where is OceanFirst Bank, N.A. headquartered?
It is headquartered in Toms River, NJ, United States.
When was OceanFirst Bank, N.A. founded?
It was established in 1902, per the FDIC institution directory.
Is OceanFirst Bank, N.A. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #28359). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates OceanFirst Bank, N.A.?
OceanFirst Bank, N.A.'s primary federal regulator is the OCC.
What is OceanFirst Bank, N.A.'s CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.96% in its Q2 2026 call report, above regulatory requirements.
How many branches does OceanFirst Bank, N.A. operate?
It operates 72 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is OceanFirst Bank, N.A.'s Texas Ratio?
Its Texas Ratio is 5.29% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was OceanFirst Bank, N.A. previously called?
The charter now named OceanFirst Bank, N.A. has also operated as OceanFirst Bank (1999-2018), Ocean Federal Savings Bank (1989-1999), per FDIC structure-change records.
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