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10-Q Filing

OCEANFIRST FINANCIAL CORP CIK: 1004702 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001004702-20-000116
Period End Date 20200331
Filing Date 20200511
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance ocfc-33120x10q_htm.xml
Balance Sheet 98 line items
Line Item Tag Value Unit Period
Debt securities, held to maturity, allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLoss $2.53M USD Point-in-time
Debt securities, held to maturity, allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLoss - USD Point-in-time
Cash and due from banks CashAndDueFromBanks $120.54M USD Point-in-time
Debt securities, held to maturity, fair value HeldToMaturitySecuritiesFairValue $777.29M USD Point-in-time
Debt securities, held to maturity, fair value HeldToMaturitySecuritiesFairValue $928.58M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $256.47M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $134.24M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $120.79M USD Point-in-time
Loan receivable, allowance for credit losses FinancingReceivableAllowanceForCreditLosses $29.64M USD Point-in-time
Debt securities available-for-sale, at estimated fair value AvailableForSaleSecuritiesDebtSecurities $150.96M USD Point-in-time
Loan receivable, allowance for credit losses FinancingReceivableAllowanceForCreditLosses $16.58M USD Point-in-time
Loan receivable, allowance for credit losses FinancingReceivableAllowanceForCreditLosses $16.85M USD Point-in-time
Loan receivable, allowance for credit losses FinancingReceivableAllowanceForCreditLosses $16.70M USD Point-in-time
Debt securities available-for-sale, at estimated fair value AvailableForSaleSecuritiesDebtSecurities $153.74M USD Point-in-time
Debt securities held-to-maturity, net of allowance for credit losses of $2,529 at March 31, 2020 (estimated fair value of $928,582 at March 31, 2020 and $777,290 at December 31, 2019) HeldToMaturitySecurities $914.25M USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Debt securities held-to-maturity, net of allowance for credit losses of $2,529 at March 31, 2020 (estimated fair value of $928,582 at March 31, 2020 and $777,290 at December 31, 2019) HeldToMaturitySecurities $768.87M USD Point-in-time
Preferred stock, liquidation preference PreferredStockLiquidationPreferenceValue $1.00M USD Point-in-time
Equity investments, at estimated fair value EquitySecuritiesFvNi $14.41M USD Point-in-time
Preferred stock, liquidation preference PreferredStockLiquidationPreferenceValue $1.00M USD Point-in-time
Equity investments, at estimated fair value EquitySecuritiesFvNi $10.14M USD Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $81.00M USD Point-in-time
Preferred stock, shares authorized (shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, shares authorized (shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $62.36M USD Point-in-time
Loans receivable, net of allowance for credit losses of $29,635 at March 31, 2020, $16,852 at December 31, 2019 and $16,705 at March 31, 2019 NotesReceivableNet $6.21B USD Point-in-time
Preferred stock, shares issued (shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Loans receivable, net of allowance for credit losses of $29,635 at March 31, 2020, $16,852 at December 31, 2019 and $16,705 at March 31, 2019 NotesReceivableNet $7.91B USD Point-in-time
Preferred stock, shares issued (shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Loans held-for-sale MortgagesHeldforsaleCarryingValue - USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Loans held-for-sale MortgagesHeldforsaleCarryingValue $17.78M USD Point-in-time
Common stock, shares authorized (shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Interest and dividends receivable InterestReceivable $27.93M USD Point-in-time
Common stock, shares authorized (shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Interest and dividends receivable InterestReceivable $21.67M USD Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 60.96M shares Point-in-time
Other real estate owned OtherRealEstate $264.00K USD Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 60.96M shares Point-in-time
Other real estate owned OtherRealEstate $484.00K USD Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 50.41M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $102.69M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $104.56M USD Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 60.31M shares Point-in-time
Treasury stock, shares (shares) TreasuryStockShares 648,851.00 shares Point-in-time
Bank Owned Life Insurance BankOwnedLifeInsurance $237.41M USD Point-in-time
Bank Owned Life Insurance BankOwnedLifeInsurance $261.27M USD Point-in-time
Treasury stock, shares (shares) TreasuryStockShares 1.59M shares Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $3.79M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $3.79M USD Point-in-time
Other assets OtherAssets $211.48M USD Point-in-time
Other assets OtherAssets $169.53M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $28.28M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $15.61M USD Point-in-time
Goodwill Goodwill $500.09M USD Point-in-time
Goodwill Goodwill $374.63M USD Point-in-time
Total assets Assets $8.25B USD Point-in-time
Total assets Assets $10.49B USD Point-in-time
Deposits Deposits $6.33B USD Point-in-time
Deposits Deposits $7.89B USD Point-in-time
Federal Home Loan Bank advances AdvancesFromFederalHomeLoanBanks $519.26M USD Point-in-time
Federal Home Loan Bank advances AdvancesFromFederalHomeLoanBanks $825.82M USD Point-in-time
Securities sold under agreements to repurchase with retail customers SecuritiesSoldUnderAgreementsToRepurchase $90.17M USD Point-in-time
Securities sold under agreements to repurchase with retail customers SecuritiesSoldUnderAgreementsToRepurchase $71.74M USD Point-in-time
Other borrowings OtherBorrowings $96.80M USD Point-in-time
Other borrowings OtherBorrowings $120.21M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $24.93M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $13.88M USD Point-in-time
Other liabilities OtherLiabilities $62.56M USD Point-in-time
Other liabilities OtherLiabilities $126.03M USD Point-in-time
Total liabilities Liabilities $9.08B USD Point-in-time
Total liabilities Liabilities $7.09B 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, 150,000,000 shares authorized, 60,960,568 shares issued and 60,311,717 and 50,405,048 shares outstanding at March 31, 2020 and December 31, 2019, respectively CommonStockValue $609.00K USD Point-in-time
Common stock, $.01 par value, 150,000,000 shares authorized, 60,960,568 shares issued and 60,311,717 and 50,405,048 shares outstanding at March 31, 2020 and December 31, 2019, respectively CommonStockValue $519.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $840.69M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.08B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $358.67M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $364.27M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.21M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $509.00K USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan CommonStockIssuedEmployeeTrustDeferred $8.34M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan CommonStockIssuedEmployeeTrustDeferred $8.65M USD Point-in-time
Treasury stock, 648,851 and 1,586,808 shares at March 31, 2020 and December 31, 2019, respectively TreasuryStockValue $36.90M USD Point-in-time
Treasury stock, 648,851 and 1,586,808 shares at March 31, 2020 and December 31, 2019, respectively TreasuryStockValue $25.65M USD Point-in-time
Common stock acquired by Deferred Compensation Plan CommonStockHeldInTrust $92.00K USD Point-in-time
Common stock acquired by Deferred Compensation Plan CommonStockHeldInTrust $94.00K USD Point-in-time
Deferred Compensation Plan Liability DeferredCompensationLiabilityCurrentAndNoncurrent $94.00K USD Point-in-time
Deferred Compensation Plan Liability DeferredCompensationLiabilityCurrentAndNoncurrent $92.00K USD Point-in-time
Total stockholders equity StockholdersEquity $1.41B USD Point-in-time
Total stockholders equity StockholdersEquity $1.04B USD Point-in-time
Total stockholders equity StockholdersEquity $1.13B USD Point-in-time
Total stockholders equity StockholdersEquity $1.15B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $8.25B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $10.49B USD Point-in-time
Income Statement 76 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $89.94M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $69.00M USD 1 Quarter
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $3.84M USD 1 Quarter
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $4.04M USD 1 Quarter
Debt securities, equity investments and other InterestAndDividendIncomeSecuritiesOther $3.38M USD 1 Quarter
Debt securities, equity investments and other InterestAndDividendIncomeSecuritiesOther $4.42M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $76.42M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $98.21M USD 1 Quarter
Deposits InterestExpenseDeposits $13.94M USD 1 Quarter
Deposits InterestExpenseDeposits $8.64M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $3.40M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $4.63M USD 1 Quarter
Total interest expense InterestExpense $18.56M USD 1 Quarter
Total interest expense InterestExpense $12.03M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $79.64M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $64.39M USD 1 Quarter
Credit loss expense ProvisionForLoanLossesExpensed $620.00K USD 1 Quarter
Credit loss expense ProvisionForLoanLossesExpensed $9.97M USD 1 Quarter
Net interest income after credit loss expense InterestIncomeExpenseAfterProvisionForLoanLoss $63.77M USD 1 Quarter
Net interest income after credit loss expense InterestIncomeExpenseAfterProvisionForLoanLoss $69.68M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $2.29M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $2.48M USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $173.00K USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $8.00K USD 1 Quarter
Net unrealized gain on equity investments MarketableSecuritiesUnrealizedGainLoss $108.00K USD 1 Quarter
Net unrealized gain on equity investments MarketableSecuritiesUnrealizedGainLoss $155.00K USD 1 Quarter
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-6.00K USD 1 Quarter
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-150.00K USD 1 Quarter
Income from Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $1.32M USD 1 Quarter
Income from Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $1.57M USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $4.05M USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $472.00K USD 1 Quarter
Other OtherOperatingIncomeExpenseNet $310.00K USD 1 Quarter
Other OtherOperatingIncomeExpenseNet $25.00K USD 1 Quarter
Total other income NoninterestIncome $13.70M USD 1 Quarter
Total other income NoninterestIncome $9.51M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $22.41M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $29.89M USD 1 Quarter
Occupancy OccupancyNet $4.53M USD 1 Quarter
Occupancy OccupancyNet $5.28M USD 1 Quarter
Equipment EquipmentExpense $1.95M USD 1 Quarter
Equipment EquipmentExpense $1.94M USD 1 Quarter
Marketing MarketingExpense $769.00K USD 1 Quarter
Marketing MarketingExpense $930.00K USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $667.00K USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $832.00K USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $3.65M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $4.18M USD 1 Quarter
Check card processing CheckCardProcessing $1.44M USD 1 Quarter
Check card processing CheckCardProcessing $1.28M USD 1 Quarter
Professional fees ProfessionalFees $1.71M USD 1 Quarter
Professional fees ProfessionalFees $2.30M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $3.80M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $3.37M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $1.58M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $1.00M USD 1 Quarter
Branch consolidation expense BranchConsolidationExpense $2.59M USD 1 Quarter
Branch consolidation expense BranchConsolidationExpense $391.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $8.53M USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $5.05M USD 1 Quarter
Total operating expenses OperatingExpenses $62.80M USD 1 Quarter
Total operating expenses OperatingExpenses $47.27M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $20.58M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $26.01M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $4.04M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $4.84M USD 1 Quarter
Net income NetIncomeLoss $21.17M USD 1 Quarter
Net income NetIncomeLoss $16.53M USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.28 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.43 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.27 USD 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 49.53M shares 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 59.88M shares 1 Quarter
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 60.48M shares 1 Quarter
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 50.15M shares 1 Quarter
Cash Flow Statement 172 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $21.17M USD 1 Quarter
Net income NetIncomeLoss $16.53M USD 1 Quarter
Depreciation and amortization of premises and equipment OtherDepreciationAndAmortization $2.13M USD 1 Quarter
Depreciation and amortization of premises and equipment OtherDepreciationAndAmortization $2.26M USD 1 Quarter
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $400.00K USD 1 Quarter
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $347.00K USD 1 Quarter
Stock awards ShareBasedCompensation $912.00K USD 1 Quarter
Stock awards ShareBasedCompensation $1.11M USD 1 Quarter
Net excess tax benefit on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $299.00K USD 1 Quarter
Net excess tax benefit on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $230.00K USD 1 Quarter
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $12.00K USD 1 Quarter
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $11.00K USD 1 Quarter
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-842.00K USD 1 Quarter
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-873.00K USD 1 Quarter
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $54.00K USD 1 Quarter
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $63.00K USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $1.58M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $1.00M USD 1 Quarter
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $4.07M USD 1 Quarter
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $5.64M USD 1 Quarter
Net amortization of deferred costs and discounts on loans AmortizationOfDeferredLoanOriginationFeesNet $-40.00K USD 1 Quarter
Net amortization of deferred costs and discounts on loans AmortizationOfDeferredLoanOriginationFeesNet $-84.00K USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $620.00K USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $9.97M USD 1 Quarter
Net loss on sale and write-down of other real estate owned GainsLossesOnSalesOfOtherRealEstate $2.00K USD 1 Quarter
Net loss on sale and write-down of other real estate owned GainsLossesOnSalesOfOtherRealEstate $89.00K USD 1 Quarter
Net gain on sale of fixed assets GainLossOnDispositionOfOtherFinancialAssets $5.00K USD 1 Quarter
Net gain on sale of fixed assets GainLossOnDispositionOfOtherFinancialAssets - USD 1 Quarter
Net unrealized gain on equity securities UnrealizedGainLossOnInvestments $155.00K USD 1 Quarter
Net unrealized gain on equity securities UnrealizedGainLossOnInvestments $108.00K USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $173.00K USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $8.00K USD 1 Quarter
Proceeds from sales of mortgage loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $503.00K USD 1 Quarter
Proceeds from sales of mortgage loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $7.67M USD 1 Quarter
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $25.28M USD 1 Quarter
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $495.00K USD 1 Quarter
Increase in value of Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $1.32M USD 1 Quarter
Increase in value of Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $1.57M USD 1 Quarter
Increase in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $2.10M USD 1 Quarter
Increase in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $1.02M USD 1 Quarter
Deferred tax provision DeferredIncomeTaxExpenseBenefit $448.00K USD 1 Quarter
Deferred tax provision DeferredIncomeTaxExpenseBenefit $245.00K USD 1 Quarter
Decrease (increase) in other assets IncreaseDecreaseInOtherOperatingAssets $-10.88M USD 1 Quarter
Decrease (increase) in other assets IncreaseDecreaseInOtherOperatingAssets $17.01M USD 1 Quarter
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $47.50M USD 1 Quarter
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $34.08M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $47.16M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $16.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $38.07M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $63.70M USD 1 Quarter
Net (increase) decrease in loans receivable PaymentsForProceedsFromLoansAndLeases $-21.34M USD 1 Quarter
Net (increase) decrease in loans receivable PaymentsForProceedsFromLoansAndLeases $160.21M USD 1 Quarter
Proceeds from sale of under performing loans ProceedsFromSaleOfHighRiskLoans $9.31M USD 1 Quarter
Proceeds from sale of under performing loans ProceedsFromSaleOfHighRiskLoans - USD 1 Quarter
Purchase of loans receivable PaymentsToAcquireLoansReceivable - USD 1 Quarter
Purchase of loans receivable PaymentsToAcquireLoansReceivable $101.67M USD 1 Quarter
Purchase of debt investment securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $9.98M USD 1 Quarter
Purchase of debt investment securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $9.95M USD 1 Quarter
Purchase of debt investment securities held-to-maturity PaymentsToAcquireHeldToMaturitySecurities $2.08M USD 1 Quarter
Purchase of debt investment securities held-to-maturity PaymentsToAcquireHeldToMaturitySecurities - USD 1 Quarter
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $36.00K USD 1 Quarter
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $53.00K USD 1 Quarter
Proceeds from maturities and calls of debt investment securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $6.25M USD 1 Quarter
Proceeds from maturities and calls of debt investment securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $10.22M USD 1 Quarter
Proceeds from maturities and calls of debt investment securities held-to-maturity ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $13.00M USD 1 Quarter
Proceeds from maturities and calls of debt investment securities held-to-maturity ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $6.73M USD 1 Quarter
Proceeds from sales of debt investment securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $5.87M USD 1 Quarter
Proceeds from sales of debt investment securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 1 Quarter
Principal repayments on debt mortgage-backed securities available-for-sale ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale $138.00K USD 1 Quarter
Principal repayments on debt mortgage-backed securities available-for-sale ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale - USD 1 Quarter
Proceeds from Bank Owned Life Insurance ProceedsFromLifeInsurancePolicies $155.00K USD 1 Quarter
Proceeds from Bank Owned Life Insurance ProceedsFromLifeInsurancePolicies - USD 1 Quarter
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $22.75M USD 1 Quarter
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $36.58M USD 1 Quarter
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $21.32M USD 1 Quarter
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $47.22M USD 1 Quarter
Proceeds from sales of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans $89.00K USD 1 Quarter
Proceeds from sales of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans $550.00K USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $840.00K USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.80M USD 1 Quarter
Net cash consideration received for acquisition CashAcquiredFromAcquisition $59.40M USD 1 Quarter
Net cash consideration received for acquisition CashAcquiredFromAcquisition $23.46M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-85.15M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $8.63M USD 1 Quarter
(Decrease) increase in deposits IncreaseDecreaseInDeposits $-29.96M USD 1 Quarter
(Decrease) increase in deposits IncreaseDecreaseInDeposits $27.09M USD 1 Quarter
Decrease in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-50.30M USD 1 Quarter
Decrease in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-16.59M USD 1 Quarter
Proceeds from Federal Home Loan Bank advances ProceedsFromFederalHomeLoanBankAdvances - USD 1 Quarter
Proceeds from Federal Home Loan Bank advances ProceedsFromFederalHomeLoanBankAdvances $460.00M USD 1 Quarter
Repayments of Federal Home Loan Bank advances RepaymentsOfFederalHomeLoanBankBorrowings $162.70M USD 1 Quarter
Repayments of Federal Home Loan Bank advances RepaymentsOfFederalHomeLoanBankBorrowings $10.49M USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherDebt $27.00K USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherDebt $90.00K USD 1 Quarter
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $1.07M USD 1 Quarter
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $4.83M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $519.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $657.00K USD 1 Quarter
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.97M USD 1 Quarter
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.55M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $3.81M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $14.81M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $8.64M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $10.27M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-13.49M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $195.44M USD 1 Quarter
Net increase in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $173.99M USD 1 Quarter
Net increase in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $33.22M USD 1 Quarter
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $307.21M USD Point-in-time
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $133.23M USD Point-in-time
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $122.33M USD Point-in-time
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $155.54M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $120.54M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $256.47M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $134.24M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $120.79M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $2.58M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $12.68M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $50.74M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $1.54M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $120.54M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $256.47M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $134.24M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $120.79M USD Point-in-time
Restricted cash at end of period RestrictedCash $2.58M USD Point-in-time
Restricted cash at end of period RestrictedCash $12.68M USD Point-in-time
Restricted cash at end of period RestrictedCash $50.74M USD Point-in-time
Restricted cash at end of period RestrictedCash $1.54M USD Point-in-time
Federal funds sold at end of period FederalFundsSold $18.73M USD Point-in-time
Federal funds sold at end of period FederalFundsSold - USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $307.21M USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $133.23M USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $122.33M USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $155.54M USD Point-in-time
Interest InterestPaidNet $19.29M USD 1 Quarter
Interest InterestPaidNet $12.49M USD 1 Quarter
Income taxes IncomeTaxesPaid $16.00K USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $199.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $211.00K USD 1 Quarter
Net loan charge-offs NetLoansChargedOff $492.00K USD 1 Quarter
Net loan charge-offs NetLoansChargedOff $1.15M USD 1 Quarter
Transfer of loans receivable to other real estate owned TransferToOtherRealEstate $106.00K USD 1 Quarter
Transfer of loans receivable to other real estate owned TransferToOtherRealEstate $674.00K USD 1 Quarter
Securities NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 $103.78M USD 1 Quarter
Securities NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 $208.88M USD 1 Quarter
Restricted equity investments NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank $313.00K USD 1 Quarter
Restricted equity investments NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank $5.33M USD 1 Quarter
Loans NonCashOrPartNonCashAcquisitionLoans $1.56B USD 1 Quarter
Loans NonCashOrPartNonCashAcquisitionLoans $307.02M USD 1 Quarter
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $9.74M USD 1 Quarter
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $3.39M USD 1 Quarter
Accrued interest receivable NoncashOrPartNoncashAcquisitionOtherRealEstateOwned $4.16M USD 1 Quarter
Accrued interest receivable NoncashOrPartNoncashAcquisitionOtherRealEstateOwned $1.39M USD 1 Quarter
Bank Owned Life Insurance NoncashOrPartNoncashAcquisitionBankOwnedLifeInsurance $22.44M USD 1 Quarter
Bank Owned Life Insurance NoncashOrPartNoncashAcquisitionBankOwnedLifeInsurance $10.46M USD 1 Quarter
Deferred tax asset NoncashOrPartNoncashAcquisitionDeferredTaxAsset $3.98M USD 1 Quarter
Deferred tax asset NoncashOrPartNoncashAcquisitionDeferredTaxAsset $-800.00K USD 1 Quarter
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 $1.50M USD 1 Quarter
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 $10.08M USD 1 Quarter
Goodwill and other intangible assets, net NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 $139.28M USD 1 Quarter
Goodwill and other intangible assets, net NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 $39.34M USD 1 Quarter
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $1.96B USD 1 Quarter
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $471.15M USD 1 Quarter
Deposits NoncashOrPartNoncashAcquisitionDepositsAssumed $1.59B USD 1 Quarter
Deposits NoncashOrPartNoncashAcquisitionDepositsAssumed $449.02M USD 1 Quarter
Borrowings NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances $92.62M USD 1 Quarter
Borrowings NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances - USD 1 Quarter
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 $33.60M USD 1 Quarter
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 $5.05M USD 1 Quarter
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $1.72B USD 1 Quarter
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $454.07M USD 1 Quarter
Stockholders Equity 24 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $1.41B USD Point-in-time
Beginning Balance StockholdersEquity $1.04B USD Point-in-time
Beginning Balance StockholdersEquity $1.13B USD Point-in-time
Beginning Balance StockholdersEquity $1.15B USD Point-in-time
Net income NetIncomeLoss $21.17M USD 1 Quarter
Net income NetIncomeLoss $16.53M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $769.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $1.72M USD 1 Quarter
Stock awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.11M USD 1 Quarter
Stock awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $912.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $400.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $347.00K USD 1 Quarter
Cash dividend per share DividendsCommonStockCash $10.27M USD 1 Quarter
Cash dividend per share DividendsCommonStockCash $8.64M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $657.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $519.00K USD 1 Quarter
Purchase of shares of common stock TreasuryStockValueAcquiredCostMethod $3.81M USD 1 Quarter
Purchase of shares of common stock TreasuryStockValueAcquiredCostMethod $14.81M USD 1 Quarter
Sale (purchase) of stock for the deferred compensation plan PurchaseSaleOfStockForDeferredCompensationPlan - USD 1 Quarter
Sale (purchase) of stock for the deferred compensation plan PurchaseSaleOfStockForDeferredCompensationPlan - USD 1 Quarter
Ending Balance StockholdersEquity $1.41B USD Point-in-time
Ending Balance StockholdersEquity $1.04B USD Point-in-time
Ending Balance StockholdersEquity $1.13B USD Point-in-time
Ending Balance StockholdersEquity $1.15B USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $21.17M USD 1 Quarter
Unrealized gain on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $175.00K USD 1 Quarter
Net income NetIncomeLoss $16.53M USD 1 Quarter
Unrealized gain on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $586.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $84.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $86.00K USD 1 Quarter
Unrealized gain on debt securities (net of tax expense of $586 and $175 in 2020 and 2019, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $2.15M USD 1 Quarter
Cash flow hedge, gain (loss), after reclassification, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax - USD 1 Quarter
Cash flow hedge, gain (loss), after reclassification, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-173.00K USD 1 Quarter
Unrealized gain on debt securities (net of tax expense of $586 and $175 in 2020 and 2019, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $644.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $84 and $86 in 2020 and 2019, respectively) OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax $125.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $84 and $86 in 2020 and 2019, respectively) OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax $115.00K USD 1 Quarter
Unrealized loss on cash flow hedge (net of tax benefit of $173 and $0 in 2020 and 2019, respectively) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-547.00K USD 1 Quarter
Unrealized loss on cash flow hedge (net of tax benefit of $173 and $0 in 2020 and 2019, respectively) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax - USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $769.00K USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $1.72M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $18.25M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $21.94M USD 1 Quarter

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

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