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10-Q Filing

OCEANFIRST FINANCIAL CORP CIK: 1004702 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001004702-18-000103
Period End Date 20180331
Filing Date 20180509
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance ocfc-20180331.xml
Balance Sheet 94 line items
Line Item Tag Value Unit Period
Securities held-to-maturity, net estimated fair value HeldToMaturitySecuritiesFairValue $761.66M USD Point-in-time
Securities held-to-maturity, net estimated fair value HeldToMaturitySecuritiesFairValue - USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and due from banks CashAndDueFromBanks $301.37M USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and due from banks CashAndDueFromBanks $119.36M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $175.25M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $109.61M USD Point-in-time
Debt securities available-for-sale, at estimated fair value DebtSecuritiesatFairValue $81.58M USD Point-in-time
Preferred stock, liquidation preference PreferredStockLiquidationPreferenceValue $1.00M USD Point-in-time
Preferred stock, liquidation preference PreferredStockLiquidationPreferenceValue $1.00M USD Point-in-time
Debt securities available-for-sale, at estimated fair value DebtSecuritiesatFairValue $86.11M USD Point-in-time
Debt securities held-to-maturity, net (estimated fair value of $971,399 at March 31, 2018 and $761,660 at December 31, 2017) HeldToMaturitySecurities $764.06M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Debt securities held-to-maturity, net (estimated fair value of $971,399 at March 31, 2018 and $761,660 at December 31, 2017) HeldToMaturitySecurities $982.86M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Equity investments, at estimated fair value EquityInvestments $8.70M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Equity investments, at estimated fair value EquityInvestments $9.56M USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $19.72M USD Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $50.42M USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $5.41B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $3.97B USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 55.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 55.00M shares Point-in-time
Loans held-for-sale LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage $241.00K USD Point-in-time
Loans held-for-sale LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage $167.00K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 48.11M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 48.11M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 48.11M shares Point-in-time
Interest and dividends receivable InterestReceivable $14.25M USD Point-in-time
Interest and dividends receivable InterestReceivable $19.42M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 32.60M shares Point-in-time
Treasury stock, shares TreasuryStockShares 969,879.00 shares Point-in-time
Treasury stock, shares TreasuryStockShares 0.00 shares Point-in-time
Other real estate owned OtherRealEstate $8.19M USD Point-in-time
Other real estate owned OtherRealEstate $8.27M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $121.83M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $101.78M USD Point-in-time
Bank Owned Life Insurance BankOwnedLifeInsurance $218.67M USD Point-in-time
Bank Owned Life Insurance BankOwnedLifeInsurance $134.85M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNet $60.14M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNet $1.92M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $4.05M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $3.15M USD Point-in-time
Other assets OtherAssets $43.69M USD Point-in-time
Other assets OtherAssets $41.90M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $8.88M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $19.95M USD Point-in-time
Goodwill Goodwill $337.52M USD Point-in-time
Goodwill Goodwill $150.50M USD Point-in-time
Total assets Assets $7.49B USD Point-in-time
Total assets Assets $5.42B USD Point-in-time
Deposits Deposits $4.34B USD Point-in-time
Deposits Deposits $5.91B USD Point-in-time
Federal Home Loan Bank advances AdvancesFromFederalHomeLoanBanks $288.69M USD Point-in-time
Federal Home Loan Bank advances AdvancesFromFederalHomeLoanBanks $341.65M USD Point-in-time
Securities sold under agreements to repurchase with retail customers SecuritiesSoldUnderAgreementsToRepurchase $79.67M USD Point-in-time
Securities sold under agreements to repurchase with retail customers SecuritiesSoldUnderAgreementsToRepurchase $82.46M USD Point-in-time
Other borrowings OtherBorrowings $99.36M USD Point-in-time
Other borrowings OtherBorrowings $56.52M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $11.97M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $11.16M USD Point-in-time
Other liabilities OtherLiabilities $35.23M USD Point-in-time
Other liabilities OtherLiabilities $44.66M USD Point-in-time
Total liabilities Liabilities $4.81B USD Point-in-time
Total liabilities Liabilities $6.49B USD Point-in-time
Preferred stock, $.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, no shares issued PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, no shares issued PreferredStockValue - USD Point-in-time
Common stock, $.01 par value, 55,000,000 shares authorized, 48,105,623 shares issued and 48,105,623 and 32,596,893 shares outstanding at March 31, 2018 and December 31, 2017, respectively CommonStockValue $336.00K USD Point-in-time
Common stock, $.01 par value, 55,000,000 shares authorized, 48,105,623 shares issued and 48,105,623 and 32,596,893 shares outstanding at March 31, 2018 and December 31, 2017, respectively CommonStockValue $481.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $745.48M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $354.38M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $268.99M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $271.02M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.31M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.35M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan CommonStockIssuedEmployeeTrustDeferred $2.19M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan CommonStockIssuedEmployeeTrustDeferred $2.48M USD Point-in-time
Treasury stock, 0 and 969,879 shares at March 31, 2018 and December 31, 2017, respectively TreasuryStockValue - USD Point-in-time
Treasury stock, 0 and 969,879 shares at March 31, 2018 and December 31, 2017, respectively TreasuryStockValue $15.97M USD Point-in-time
Common stock acquired by Deferred Compensation Plan CommonStockHeldInTrust $84.00K USD Point-in-time
Common stock acquired by Deferred Compensation Plan CommonStockHeldInTrust $84.00K USD Point-in-time
Deferred Compensation Plan Liability DeferredCompensationLiabilityCurrentAndNoncurrent $84.00K USD Point-in-time
Deferred Compensation Plan Liability DeferredCompensationLiabilityCurrentAndNoncurrent $84.00K USD Point-in-time
Total stockholders equity StockholdersEquity $601.94M USD Point-in-time
Total stockholders equity StockholdersEquity $582.54M USD Point-in-time
Total stockholders equity StockholdersEquity $571.90M USD Point-in-time
Total stockholders equity StockholdersEquity $1.01B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $5.42B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $7.49B USD Point-in-time
Income Statement 78 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $41.74M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $56.60M USD 1 Quarter
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $2.66M USD 1 Quarter
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $3.69M USD 1 Quarter
Debt securities, equity investments and other InterestAndDividendIncomeSecuritiesOther $2.55M USD 1 Quarter
Debt securities, equity investments and other InterestAndDividendIncomeSecuritiesOther $1.61M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $46.01M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $62.84M USD 1 Quarter
Deposits InterestExpenseDeposits $4.46M USD 1 Quarter
Deposits InterestExpenseDeposits $2.78M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $1.75M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $2.66M USD 1 Quarter
Total interest expense InterestExpense $4.53M USD 1 Quarter
Total interest expense InterestExpense $7.13M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $55.71M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $41.48M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $700.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $1.37M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $54.34M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $40.78M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $1.58M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $1.92M USD 1 Quarter
Wealth management revenue InvestmentAdvisoryManagementAndAdministrativeFees $516.00K USD 1 Quarter
Wealth management revenue InvestmentAdvisoryManagementAndAdministrativeFees $553.00K USD 1 Quarter
Fees and service charges FeesAndCommissionsDepositorAccounts $3.81M USD 1 Quarter
Fees and service charges FeesAndCommissionsDepositorAccounts $4.67M USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $42.00K USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $617.00K USD 1 Quarter
Net unrealized loss on equity investments MarketableSecuritiesUnrealizedGainLoss - USD 1 Quarter
Net unrealized loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-138.00K USD 1 Quarter
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-412.00K USD 1 Quarter
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-733.00K USD 1 Quarter
Income from Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $1.14M USD 1 Quarter
Income from Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $772.00K USD 1 Quarter
Other OtherOperatingIncomeExpenseNet $556.00K USD 1 Quarter
Other OtherOperatingIncomeExpenseNet $12.00K USD 1 Quarter
Total other income NoninterestIncome $8.91M USD 1 Quarter
Total other income NoninterestIncome $6.00M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $16.14M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $21.25M USD 1 Quarter
Occupancy OccupancyNet $2.77M USD 1 Quarter
Occupancy OccupancyNet $4.57M USD 1 Quarter
Equipment EquipmentExpense $1.90M USD 1 Quarter
Equipment EquipmentExpense $1.70M USD 1 Quarter
Marketing MarketingExpense $740.00K USD 1 Quarter
Marketing MarketingExpense $561.00K USD 1 Quarter
Federal deposit insurance FederalDepositInsuranceCorporationPremiumExpense $930.00K USD 1 Quarter
Federal deposit insurance FederalDepositInsuranceCorporationPremiumExpense $661.00K USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $3.18M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $2.40M USD 1 Quarter
Check card processing CheckCardProcessing $953.00K USD 1 Quarter
Check card processing CheckCardProcessing $989.00K USD 1 Quarter
Professional fees ProfessionalFees $1.28M USD 1 Quarter
Professional fees ProfessionalFees $960.00K USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $2.64M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $3.02M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $832.00K USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $524.00K USD 1 Quarter
Branch consolidation (income) expense BranchConsolidationExpense $-176.00K USD 1 Quarter
Branch consolidation (income) expense BranchConsolidationExpense $33.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $18.49M USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $1.45M USD 1 Quarter
Total operating expenses OperatingExpenses $30.96M USD 1 Quarter
Total operating expenses OperatingExpenses $56.82M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $15.82M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $6.43M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $3.80M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $1.00M USD 1 Quarter
Net income NetIncomeLoss $12.02M USD 1 Quarter
Net income NetIncomeLoss $5.43M USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.38 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.12 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.12 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.36 USD 1 Quarter
Average basic shares outstanding (in usd per share) WeightedAverageNumberOfSharesOutstandingBasic 31.90M shares 1 Quarter
Average basic shares outstanding (in usd per share) WeightedAverageNumberOfSharesOutstandingBasic 43.88M shares 1 Quarter
Average diluted shares outstanding (in usd per share) WeightedAverageNumberOfDilutedSharesOutstanding 33.09M shares 1 Quarter
Average diluted shares outstanding (in usd per share) WeightedAverageNumberOfDilutedSharesOutstanding 44.85M shares 1 Quarter
Cash Flow Statement 146 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $12.02M USD 1 Quarter
Net income NetIncomeLoss $5.43M USD 1 Quarter
Depreciation and amortization of premises and equipment DepreciationAndAmortization $1.53M USD 1 Quarter
Depreciation and amortization of premises and equipment DepreciationAndAmortization $2.27M USD 1 Quarter
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $245.00K USD 1 Quarter
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $483.00K USD 1 Quarter
Stock awards ShareBasedCompensation $808.00K USD 1 Quarter
Stock awards ShareBasedCompensation $730.00K USD 1 Quarter
Net excess tax benefit on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $125.00K USD 1 Quarter
Net excess tax benefit on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $3.92M USD 1 Quarter
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $57.00K USD 1 Quarter
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $25.00K USD 1 Quarter
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-1.10M USD 1 Quarter
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-468.00K USD 1 Quarter
Net amortization of deferred costs and discounts on borrowings AmortizationOfFinancingCostsAndDiscounts $65.00K USD 1 Quarter
Net amortization of deferred costs and discounts on borrowings AmortizationOfFinancingCostsAndDiscounts $32.00K USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $832.00K USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $524.00K USD 1 Quarter
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $2.17M USD 1 Quarter
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $3.87M USD 1 Quarter
Net amortization of deferred costs and discounts on loans AmortizationOfDeferredLoanOriginationFeesNet $-30.00K USD 1 Quarter
Net amortization of deferred costs and discounts on loans AmortizationOfDeferredLoanOriginationFeesNet $-31.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $700.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $1.37M USD 1 Quarter
Net loss on sale of other real estate owned GainsLossesOnSalesOfOtherRealEstate $-56.00K USD 1 Quarter
Net loss on sale of other real estate owned GainsLossesOnSalesOfOtherRealEstate $-366.00K USD 1 Quarter
Write down of fixed assets held for sale to net realizable value ImpairmentOfLongLivedAssetsToBeDisposedOf $4.00K USD 1 Quarter
Write down of fixed assets held for sale to net realizable value ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Net (gain) loss on sale of fixed assets GainsLossesOnSalesOfAssets $-7.00K USD 1 Quarter
Net (gain) loss on sale of fixed assets GainsLossesOnSalesOfAssets $27.00K USD 1 Quarter
Net unrealized loss on equity securities UnrealizedGainLossOnInvestments $-138.00K USD 1 Quarter
Net unrealized loss on equity securities UnrealizedGainLossOnInvestments - USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $42.00K USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $617.00K USD 1 Quarter
Proceeds from sales of mortgage loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $1.95M USD 1 Quarter
Proceeds from sales of mortgage loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $247.00K USD 1 Quarter
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $639.00K USD 1 Quarter
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $170.00K USD 1 Quarter
Increase in value of Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $1.14M USD 1 Quarter
Increase in value of Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $772.00K USD 1 Quarter
Decrease (increase) in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $-453.00K USD 1 Quarter
Decrease (increase) in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $269.00K USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-2.69M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-3.76M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-1.55M USD 1 Quarter
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-3.45M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $2.27M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-65.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $11.95M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $7.70M USD 1 Quarter
Net decrease (increase) in loans receivable PaymentsForProceedsFromLoansAndLeases $-67.88M USD 1 Quarter
Net decrease (increase) in loans receivable PaymentsForProceedsFromLoansAndLeases $16.29M USD 1 Quarter
Proceeds from sale of under performing loans ProceedsFromSaleOfHighRiskLoans - USD 1 Quarter
Proceeds from sale of under performing loans ProceedsFromSaleOfHighRiskLoans $4.29M USD 1 Quarter
Purchase of loans receivable PaymentsToAcquireLoansReceivable - USD 1 Quarter
Purchase of loans receivable PaymentsToAcquireLoansReceivable $5.03M USD 1 Quarter
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecurities $34.77M USD 1 Quarter
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecurities $980.00K USD 1 Quarter
Purchase of debt investment securities held-to-maturity PaymentsToAcquireHeldToMaturitySecurities $42.50M USD 1 Quarter
Purchase of debt investment securities held-to-maturity PaymentsToAcquireHeldToMaturitySecurities $2.67M USD 1 Quarter
Purchase of equity investments PaymentsToAcquireAvailableForSaleSecuritiesEquity - USD 1 Quarter
Purchase of equity investments PaymentsToAcquireAvailableForSaleSecuritiesEquity $42.00K USD 1 Quarter
Purchase of mortgage-backed debt securities held-to-maturity PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsHeldToMaturity $79.98M USD 1 Quarter
Purchase of mortgage-backed debt securities held-to-maturity PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsHeldToMaturity - USD 1 Quarter
Proceeds from maturities and calls of investment debt securities held-to-maturity ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $1.38M USD 1 Quarter
Proceeds from maturities and calls of investment debt securities held-to-maturity ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $3.71M USD 1 Quarter
Proceeds from sales of debt securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecurities $1.14M USD 1 Quarter
Proceeds from sales of debt securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecurities - USD 1 Quarter
Proceeds from Bank Owned Life Insurance ProceedsFromLifeInsurancePolicies $2.55M USD 1 Quarter
Proceeds from Bank Owned Life Insurance ProceedsFromLifeInsurancePolicies $155.00K USD 1 Quarter
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $60.00K USD 1 Quarter
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $23.09M USD 1 Quarter
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock - USD 1 Quarter
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $36.97M USD 1 Quarter
Proceeds from sales of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans $868.00K USD 1 Quarter
Proceeds from sales of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans $238.00K USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.93M USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $961.00K USD 1 Quarter
Cash consideration paid for acquisition, net of cash received PaymentsToAcquireBusinessesNetOfCashAcquired $3.74M USD 1 Quarter
Cash consideration paid for acquisition, net of cash received PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-153.38M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $84.22M USD 1 Quarter
(Decrease) increase in deposits IncreaseDecreaseInDeposits $-51.14M USD 1 Quarter
(Decrease) increase in deposits IncreaseDecreaseInDeposits $11.20M USD 1 Quarter
(Decrease) increase in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $7.27M USD 1 Quarter
(Decrease) increase in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-27.20M USD 1 Quarter
Repayments of Federal Home Loan Bank advances RepaymentsOfFederalHomeLoanBankBorrowings $521.00K USD 1 Quarter
Repayments of Federal Home Loan Bank advances RepaymentsOfFederalHomeLoanBankBorrowings $477.00K USD 1 Quarter
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $818.00K USD 1 Quarter
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $846.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $2.20M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $3.46M USD 1 Quarter
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $467.00K USD 1 Quarter
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $956.00K USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $4.79M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $7.11M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $15.30M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-82.16M USD 1 Quarter
Net increase (decrease) in cash and due from banks CashAndCashEquivalentsPeriodIncreaseDecrease $9.75M USD 1 Quarter
Net increase (decrease) in cash and due from banks CashAndCashEquivalentsPeriodIncreaseDecrease $-126.12M USD 1 Quarter
Cash and due from banks at beginning of period CashAndDueFromBanks $301.37M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $119.36M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $175.25M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $109.61M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $301.37M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $119.36M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $175.25M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $109.61M USD Point-in-time
Interest InterestPaid $6.92M USD 1 Quarter
Interest InterestPaid $5.27M USD 1 Quarter
Income taxes IncomeTaxesPaid $2.00K USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $293.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $273.00K USD 1 Quarter
Net loan charge-offs NetLoansChargedOff $-275.00K USD 1 Quarter
Net loan charge-offs NetLoansChargedOff $268.00K USD 1 Quarter
Transfer of loans receivable to other real estate owned TransferToOtherRealEstate $318.00K USD 1 Quarter
Transfer of loans receivable to other real estate owned TransferToOtherRealEstate $373.00K USD 1 Quarter
Securities NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 - USD 1 Quarter
Securities NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 $254.52M USD 1 Quarter
Restricted equity investments NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank $16.97M USD 1 Quarter
Restricted equity investments NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank - USD 1 Quarter
Loans NonCashOrPartNonCashAcquisitionLoans - USD 1 Quarter
Loans NonCashOrPartNonCashAcquisitionLoans $1.52B USD 1 Quarter
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $20.30M USD 1 Quarter
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 - USD 1 Quarter
Accrued interest receivable NoncashOrPartNoncashAcquisitionOtherRealEstateOwned $5.62M USD 1 Quarter
Accrued interest receivable NoncashOrPartNoncashAcquisitionOtherRealEstateOwned - USD 1 Quarter
Bank Owned Life Insurance NoncashOrPartNoncashAcquisitionBankOwnedLifeInsurance - USD 1 Quarter
Bank Owned Life Insurance NoncashOrPartNoncashAcquisitionBankOwnedLifeInsurance $85.24M USD 1 Quarter
Deferred tax asset NoncashOrPartNoncashAcquisitionDeferredTaxAsset $58.35M USD 1 Quarter
Deferred tax asset NoncashOrPartNoncashAcquisitionDeferredTaxAsset - USD 1 Quarter
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 $5.26M USD 1 Quarter
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 - USD 1 Quarter
Goodwill and other intangible assets, net NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 $198.91M USD 1 Quarter
Goodwill and other intangible assets, net NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 - USD 1 Quarter
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 - USD 1 Quarter
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $2.16B USD 1 Quarter
Deposits NoncashOrPartNoncashAcquisitionDepositsAssumed - USD 1 Quarter
Deposits NoncashOrPartNoncashAcquisitionDepositsAssumed $1.62B USD 1 Quarter
Borrowings NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances $127.75M USD 1 Quarter
Borrowings NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances - USD 1 Quarter
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 $13.01M USD 1 Quarter
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 - USD 1 Quarter
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $1.76B USD 1 Quarter
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 - USD 1 Quarter
Stockholders Equity 22 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $601.94M USD Point-in-time
Beginning Balance StockholdersEquity $582.54M USD Point-in-time
Beginning Balance StockholdersEquity $571.90M USD Point-in-time
Beginning Balance StockholdersEquity $1.01B USD Point-in-time
Net income NetIncomeLoss $12.02M USD 1 Quarter
Net income NetIncomeLoss $5.43M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $230.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $-104.00K USD 1 Quarter
Stock awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $730.00K USD 1 Quarter
Stock awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $808.00K USD 1 Quarter
Treasury stock allocated to restricted stock plan StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $245.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $483.00K USD 1 Quarter
Cash dividend DividendsCommonStockCash $4.79M USD 1 Quarter
Cash dividend DividendsCommonStockCash $7.11M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $2.20M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $3.46M USD 1 Quarter
Acquisition of Sun Bancorp Inc. StockIssuedDuringPeriodValueAcquisitions $402.55M USD 1 Quarter
Ending Balance StockholdersEquity $601.94M USD Point-in-time
Ending Balance StockholdersEquity $582.54M USD Point-in-time
Ending Balance StockholdersEquity $571.90M USD Point-in-time
Ending Balance StockholdersEquity $1.01B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Unrealized gain (loss) on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-85.00K USD 1 Quarter
Net income NetIncomeLoss $12.02M USD 1 Quarter
Unrealized gain (loss) on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-43.00K USD 1 Quarter
Net income NetIncomeLoss $5.43M USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $116.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $57.00K USD 1 Quarter
Unrealized (loss) gain on debt securities (net of tax benefit of $85 and tax expense of $43 in 2018 and 2017, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-321.00K USD 1 Quarter
Unrealized (loss) gain on debt securities (net of tax benefit of $85 and tax expense of $43 in 2018 and 2017, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $62.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $57 and $116 in 2018 and 2017, respectively) OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax $168.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $57 and $116 in 2018 and 2017, respectively) OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax $216.00K USD 1 Quarter
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax - USD 1 Quarter
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $1.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $5.32M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $12.25M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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