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10-Q Filing

OCEANFIRST FINANCIAL CORP CIK: 1004702 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001004702-21-000098
Period End Date 20210331
Filing Date 20210506
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance ocfc-20210331_htm.xml
Balance Sheet 92 line items
Line Item Tag Value Unit Period
Securities held-to-maturity, net estimated fair value DebtSecuritiesHeldToMaturityAllowanceForCreditLoss $1.72M USD Point-in-time
Securities held-to-maturity, net estimated fair value DebtSecuritiesHeldToMaturityAllowanceForCreditLoss $1.72M USD Point-in-time
Securities held-to-maturity, net encumbered HeldToMaturitySecuritiesFairValue $968.47M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $256.47M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $1.27B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $1.17B USD Point-in-time
Securities held-to-maturity, net encumbered HeldToMaturitySecuritiesFairValue $1.10B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $120.54M USD Point-in-time
Loan receivable, allowance for credit losses FinancingReceivableAllowanceForCreditLosses $59.98M 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 $268.51M USD Point-in-time
Debt securities available-for-sale, at estimated fair value AvailableForSaleSecuritiesDebtSecurities $183.30M USD Point-in-time
Loan receivable, allowance for credit losses FinancingReceivableAllowanceForCreditLosses $16.85M USD Point-in-time
Loan receivable, allowance for credit losses FinancingReceivableAllowanceForCreditLosses $60.73M 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 securities credit losses of $1,717 at March 31, 2021 and $1,715 at December 31, 2020 (estimated fair value of $1,099,745 at March 31, 2021 and $968,466 at December 31, 2020) HeldToMaturitySecurities $937.25M USD Point-in-time
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,717 at March 31, 2021 and $1,715 at December 31, 2020 (estimated fair value of $1,099,745 at March 31, 2021 and $968,466 at December 31, 2020) HeldToMaturitySecurities $1.08B USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred Stock, Liquidation Preference, Value PreferredStockLiquidationPreferenceValue $1.00K USD Point-in-time
Preferred Stock, Liquidation Preference, Value PreferredStockLiquidationPreferenceValue $1.00K USD Point-in-time
Equity investments, at estimated fair value EquitySecuritiesFvNi $50.16M USD Point-in-time
Equity investments, at estimated fair value EquitySecuritiesFvNi $107.08M USD Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $52.20M USD Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $51.70M 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
Loans receivable, net of allowance for loan credit losses of $59,976 at March 31, 2021 and $60,735 at December 31, 2020 NotesReceivableNet $7.70B USD Point-in-time
Preferred stock, shares issued (shares) PreferredStockSharesIssued 57,370.00 shares Point-in-time
Preferred stock, shares issued (shares) PreferredStockSharesIssued 57,370.00 shares Point-in-time
Loans receivable, net of allowance for loan credit losses of $59,976 at March 31, 2021 and $60,735 at December 31, 2020 NotesReceivableNet $7.82B USD Point-in-time
Loans held-for-sale MortgagesHeldforsaleCarryingValue $45.52M USD Point-in-time
Loans held-for-sale MortgagesHeldforsaleCarryingValue $43.17M 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
Interest and dividends receivable InterestReceivable $35.27M USD Point-in-time
Interest and dividends receivable InterestReceivable $32.82M USD Point-in-time
Common stock, shares authorized (shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Common stock, shares authorized (shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Other real estate owned OtherRealEstate $106.00K USD Point-in-time
Other real estate owned OtherRealEstate $106.00K USD Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 61.48M shares Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 61.04M shares Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 60.39M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $107.09M USD Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 60.33M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $110.09M USD Point-in-time
Treasury stock, shares (shares) TreasuryStockShares 1.15M shares Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $264.55M USD Point-in-time
Treasury stock, shares (shares) TreasuryStockShares 648,851.00 shares Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $265.25M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $5.34M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $5.78M USD Point-in-time
Goodwill Goodwill $500.32M USD Point-in-time
Goodwill Goodwill $500.32M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $23.67M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $22.27M USD Point-in-time
Other assets OtherAssets $151.35M USD Point-in-time
Other assets OtherAssets $208.97M USD Point-in-time
Total assets Assets $11.58B USD Point-in-time
Total assets Assets $11.45B USD Point-in-time
Deposits Deposits $9.50B USD Point-in-time
Deposits Deposits $9.43B USD Point-in-time
Securities sold under agreements to repurchase with retail customers SecuritiesSoldUnderAgreementsToRepurchase $128.45M USD Point-in-time
Securities sold under agreements to repurchase with retail customers SecuritiesSoldUnderAgreementsToRepurchase $134.47M USD Point-in-time
Other borrowings OtherBorrowings $228.18M USD Point-in-time
Other borrowings OtherBorrowings $235.47M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $20.98M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $17.30M USD Point-in-time
Other liabilities OtherLiabilities $155.35M USD Point-in-time
Other liabilities OtherLiabilities $192.32M USD Point-in-time
Total liabilities Liabilities $10.08B USD Point-in-time
Total liabilities Liabilities $9.96B USD Point-in-time
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, and 57,370 shares issued at both March 31, 2021 and December 31, 2020 PreferredStockValue $1.00K USD Point-in-time
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, and 57,370 shares issued at both March 31, 2021 and December 31, 2020 PreferredStockValue $1.00K USD Point-in-time
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,478,355 and 61,040,894 shares issued at March 31, 2021 and December 31, 2020, respectively; and 60,329,504 and 60,392,043 shares outstanding at March 31, 2021 and December 31, 2020, respectively CommonStockValue $610.00K USD Point-in-time
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,478,355 and 61,040,894 shares issued at March 31, 2021 and December 31, 2020, respectively; and 60,329,504 and 60,392,043 shares outstanding at March 31, 2021 and December 31, 2020, respectively CommonStockValue $609.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.14B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.14B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $378.27M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $398.28M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $312.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $621.00K USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $7.43M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $7.13M USD Point-in-time
Treasury stock, 1,148,851 and 648,851 shares at March 31, 2021 and December 31, 2020, respectively TreasuryStockValue $25.65M USD Point-in-time
Treasury stock, 1,148,851 and 648,851 shares at March 31, 2021 and December 31, 2020, respectively TreasuryStockValue $35.65M USD Point-in-time
Total stockholders equity StockholdersEquity $1.41B USD Point-in-time
Total stockholders equity StockholdersEquity $1.50B USD Point-in-time
Total stockholders equity StockholdersEquity $1.48B USD Point-in-time
Total stockholders equity StockholdersEquity $1.15B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $11.58B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $11.45B USD Point-in-time
Income Statement 80 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $89.94M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $77.91M USD 1 Quarter
Debt securities InterestIncomeDebtSecuritiesOperating $5.36M USD 1 Quarter
Debt securities InterestIncomeDebtSecuritiesOperating $6.77M USD 1 Quarter
Equity investments and other InterestAndDividendIncomeSecuritiesOther $1.49M USD 1 Quarter
Equity investments and other InterestAndDividendIncomeSecuritiesOther $1.61M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $84.87M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $98.21M USD 1 Quarter
Deposits InterestExpenseDeposits $13.94M USD 1 Quarter
Deposits InterestExpenseDeposits $8.50M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $4.63M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $2.77M USD 1 Quarter
Total interest expense InterestExpense $11.27M USD 1 Quarter
Total interest expense InterestExpense $18.56M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $79.64M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $73.60M USD 1 Quarter
Credit loss (benefit) expense CreditLossExpenseReversal $-620.00K USD 1 Quarter
Credit loss (benefit) expense CreditLossExpenseReversal $9.97M USD 1 Quarter
Net interest income after credit loss (benefit) expense InterestIncomeExpenseAfterProvisionForLoanLoss $69.68M USD 1 Quarter
Net interest income after credit loss (benefit) expense InterestIncomeExpenseAfterProvisionForLoanLoss $74.22M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $3.05M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $2.48M USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $1.92M USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $173.00K USD 1 Quarter
Net gain on equity investments MarketableSecuritiesUnrealizedGainLoss $8.29M USD 1 Quarter
Net gain on equity investments MarketableSecuritiesUnrealizedGainLoss $155.00K USD 1 Quarter
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-8.00K USD 1 Quarter
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-150.00K USD 1 Quarter
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $1.57M USD 1 Quarter
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $1.42M USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $4.05M USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $1.11M USD 1 Quarter
Other OtherOperatingIncomeExpenseNet $726.00K USD 1 Quarter
Other OtherOperatingIncomeExpenseNet $25.00K USD 1 Quarter
Total other income NoninterestIncome $13.70M USD 1 Quarter
Total other income NoninterestIncome $20.84M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $29.89M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $28.37M USD 1 Quarter
Occupancy OccupancyNet $5.06M USD 1 Quarter
Occupancy OccupancyNet $5.28M USD 1 Quarter
Equipment EquipmentExpense $1.94M USD 1 Quarter
Equipment EquipmentExpense $1.58M USD 1 Quarter
Marketing MarketingExpense $769.00K USD 1 Quarter
Marketing MarketingExpense $434.00K USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $1.86M USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $667.00K USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $4.03M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $4.18M USD 1 Quarter
Check card processing CheckCardProcessing $1.28M USD 1 Quarter
Check card processing CheckCardProcessing $1.37M USD 1 Quarter
Professional fees ProfessionalFees $2.84M USD 1 Quarter
Professional fees ProfessionalFees $2.30M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $3.35M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $3.80M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $1.40M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $1.58M USD 1 Quarter
Branch consolidation expense BranchConsolidationExpense $2.59M USD 1 Quarter
Branch consolidation expense BranchConsolidationExpense $1.01M USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $381.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $8.53M USD 1 Quarter
Total operating expenses OperatingExpenses $62.80M USD 1 Quarter
Total operating expenses OperatingExpenses $51.68M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $20.58M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $43.38M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $10.68M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $4.04M USD 1 Quarter
Net income NetIncomeLoss $16.53M USD 1 Quarter
Net income NetIncomeLoss $32.70M USD 1 Quarter
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments - USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $31.69M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $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 $0.53 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.27 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.53 USD 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 59.84M 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 60.10M shares 1 Quarter
Cash Flow Statement 174 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $16.53M USD 1 Quarter
Net income NetIncomeLoss $32.70M USD 1 Quarter
Depreciation and amortization of premises and equipment OtherDepreciationAndAmortization $2.06M USD 1 Quarter
Depreciation and amortization of premises and equipment OtherDepreciationAndAmortization $2.13M USD 1 Quarter
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $347.00K USD 1 Quarter
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $352.00K USD 1 Quarter
Stock compensation ShareBasedCompensation $1.11M USD 1 Quarter
Stock compensation ShareBasedCompensation $1.24M USD 1 Quarter
Net excess tax expense (benefit) on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $299.00K USD 1 Quarter
Net excess tax expense (benefit) on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $-90.00K USD 1 Quarter
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $12.00K USD 1 Quarter
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $25.00K USD 1 Quarter
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-1.47M USD 1 Quarter
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-842.00K USD 1 Quarter
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $63.00K USD 1 Quarter
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $212.00K USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $1.40M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfIntangibleAssets $1.58M USD 1 Quarter
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $5.64M USD 1 Quarter
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $3.80M USD 1 Quarter
Net amortization of deferred costs and discounts on loans AmortizationOfDeferredLoanOriginationFeesNet $-437.00K USD 1 Quarter
Net amortization of deferred costs and discounts on loans AmortizationOfDeferredLoanOriginationFeesNet $-40.00K USD 1 Quarter
(Benefit) provision for credit losses ProvisionForLoanAndLeaseLosses $-620.00K USD 1 Quarter
(Benefit) provision for credit losses ProvisionForLoanAndLeaseLosses $9.97M USD 1 Quarter
Net gain on sale and write-down of other real estate owned GainsLossesOnSalesOfOtherRealEstate - USD 1 Quarter
Net gain on sale and write-down of other real estate owned GainsLossesOnSalesOfOtherRealEstate $2.00K USD 1 Quarter
Net write down of fixed assets held-for-sale to net realizable value GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-427.00K USD 1 Quarter
Net write down of fixed assets held-for-sale to net realizable value GainLossOnSalesOfAssetsAndAssetImpairmentCharges - USD 1 Quarter
Net gain on equity securities UnrealizedGainLossOnInvestments $155.00K USD 1 Quarter
Net gain on equity securities UnrealizedGainLossOnInvestments $8.29M USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $1.92M USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $173.00K USD 1 Quarter
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $7.67M USD 1 Quarter
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $69.42M USD 1 Quarter
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $65.15M USD 1 Quarter
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $25.28M USD 1 Quarter
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $1.57M USD 1 Quarter
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $1.42M USD 1 Quarter
Net loss on sale of assets held for sale GainLossOnDispositionOfAssets1 $-22.00K USD 1 Quarter
Net loss on sale of assets held for sale GainLossOnDispositionOfAssets1 - USD 1 Quarter
Decrease (increase) in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $-2.45M USD 1 Quarter
Decrease (increase) in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $2.10M USD 1 Quarter
Deferred tax (benefit) provision DeferredIncomeTaxExpenseBenefit $-57.00K USD 1 Quarter
Deferred tax (benefit) provision DeferredIncomeTaxExpenseBenefit $245.00K USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-27.44M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-10.88M USD 1 Quarter
(Decrease) increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $47.50M USD 1 Quarter
(Decrease) increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-21.61M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $4.18M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $47.16M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $36.87M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $63.70M USD 1 Quarter
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $160.21M USD 1 Quarter
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $111.30M USD 1 Quarter
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans - USD 1 Quarter
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans $9.31M USD 1 Quarter
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $100.92M USD 1 Quarter
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $9.98M USD 1 Quarter
Purchase of debt securities held-to-maturity PaymentstoAcquireHeldtomaturitySecuritiesExcludingMortgageBackedSecurities $178.32M USD 1 Quarter
Purchase of debt securities held-to-maturity PaymentstoAcquireHeldtomaturitySecuritiesExcludingMortgageBackedSecurities - USD 1 Quarter
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $10.57M USD 1 Quarter
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $36.00K USD 1 Quarter
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments - USD 1 Quarter
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments $99.06M USD 1 Quarter
Proceeds from maturities and calls of debt securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $22.85M USD 1 Quarter
Proceeds from maturities and calls of debt securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $10.22M USD 1 Quarter
Proceeds from maturities and calls of debt securities held-to-maturity ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $6.57M USD 1 Quarter
Proceeds from maturities and calls of debt securities held-to-maturity ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $13.00M USD 1 Quarter
Proceeds from sales of debt securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 1 Quarter
Proceeds from sales of debt securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $5.87M USD 1 Quarter
Principal repayments on debt securities available-for-sale ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale $46.00K USD 1 Quarter
Principal repayments on debt 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 $2.12M USD 1 Quarter
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $344.00K USD 1 Quarter
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $36.58M USD 1 Quarter
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $485.00K 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 - USD 1 Quarter
Proceeds from sales of assets held-for-sale ProceedsFromSaleOfOtherAssetsInvestingActivities - USD 1 Quarter
Proceeds from sales of assets held-for-sale ProceedsFromSaleOfOtherAssetsInvestingActivities $420.00K USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $5.34M USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.80M USD 1 Quarter
Net cash consideration received for acquisition CashAcquiredFromAcquisition - USD 1 Quarter
Net cash consideration received for acquisition CashAcquiredFromAcquisition $23.46M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-85.15M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-223.16M USD 1 Quarter
Increase (decrease) in deposits IncreaseDecreaseInDeposits $75.69M USD 1 Quarter
Increase (decrease) in deposits IncreaseDecreaseInDeposits $-29.96M USD 1 Quarter
Increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $6.01M USD 1 Quarter
Increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-50.30M 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 - USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherDebt $7.53M USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherDebt $27.00K USD 1 Quarter
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $3.68M USD 1 Quarter
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $4.83M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $1.76M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $657.00K USD 1 Quarter
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.09M USD 1 Quarter
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.97M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $9.99M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $14.81M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $10.27M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $11.16M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $195.44M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $57.38M USD 1 Quarter
Net (decrease) increase in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $173.99M USD 1 Quarter
Net (decrease) increase in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-128.91M USD 1 Quarter
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.19B 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 $1.32B USD Point-in-time
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $307.21M 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 $1.27B USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $1.17B USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $120.54M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $50.74M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $16.09M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $46.53M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $12.68M 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 $1.27B USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $1.17B USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $120.54M USD Point-in-time
Restricted cash at end of period RestrictedCash $50.74M USD Point-in-time
Restricted cash at end of period RestrictedCash $16.09M USD Point-in-time
Restricted cash at end of period RestrictedCash $46.53M USD Point-in-time
Restricted cash at end of period RestrictedCash $12.68M USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.19B 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 $1.32B USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $307.21M USD Point-in-time
Interest InterestPaidNet $10.38M USD 1 Quarter
Interest InterestPaidNet $19.29M USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid $568.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $180.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $199.00K USD 1 Quarter
Net loan (recoveries) charge-offs NetLoansChargedOff $1.15M USD 1 Quarter
Net loan (recoveries) charge-offs NetLoansChargedOff $-280.00K USD 1 Quarter
Transfer of loans receivable to other real estate owned TransferToOtherRealEstate - USD 1 Quarter
Transfer of loans receivable to other real estate owned TransferToOtherRealEstate $106.00K USD 1 Quarter
Securities NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 $208.88M USD 1 Quarter
Securities NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 - USD 1 Quarter
Restricted equity investments NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank $5.33M USD 1 Quarter
Restricted equity investments NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank - USD 1 Quarter
Loans NonCashOrPartNonCashAcquisitionLoans - USD 1 Quarter
Loans NonCashOrPartNonCashAcquisitionLoans $1.56B USD 1 Quarter
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $9.74M USD 1 Quarter
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 - USD 1 Quarter
Accrued interest receivable NoncashOrPartNoncashAcquisitionOtherRealEstateOwned - USD 1 Quarter
Accrued interest receivable NoncashOrPartNoncashAcquisitionOtherRealEstateOwned $4.16M USD 1 Quarter
Bank owned life insurance NoncashOrPartNoncashAcquisitionBankOwnedLifeInsurance - USD 1 Quarter
Bank owned life insurance NoncashOrPartNoncashAcquisitionBankOwnedLifeInsurance $22.44M USD 1 Quarter
Deferred tax asset NoncashOrPartNoncashAcquisitionDeferredTaxAsset $-800.00K USD 1 Quarter
Deferred tax asset NoncashOrPartNoncashAcquisitionDeferredTaxAsset - USD 1 Quarter
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 - USD 1 Quarter
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 $10.08M USD 1 Quarter
Goodwill and other intangible assets, net NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 - USD 1 Quarter
Goodwill and other intangible assets, net NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 $139.28M USD 1 Quarter
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $1.96B USD 1 Quarter
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 - USD 1 Quarter
Deposits NoncashOrPartNoncashAcquisitionDepositsAssumed - USD 1 Quarter
Deposits NoncashOrPartNoncashAcquisitionDepositsAssumed $1.59B 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 - USD 1 Quarter
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $1.72B USD 1 Quarter
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 - USD 1 Quarter
Stockholders Equity 27 line items
Line Item Tag Value Unit Period
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.17 USD 1 Quarter
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.17 USD 1 Quarter
Purchase of common stock (in shares) TreasuryStockSharesAcquired 648,851.00 shares 1 Quarter
Purchase of common stock (in shares) TreasuryStockSharesAcquired 500,000.00 shares 1 Quarter
Beginning Balance StockholdersEquity $1.41B USD Point-in-time
Beginning Balance StockholdersEquity $1.50B USD Point-in-time
Beginning Balance StockholdersEquity $1.48B USD Point-in-time
Beginning Balance StockholdersEquity $1.15B USD Point-in-time
Net income NetIncomeLoss $16.53M USD 1 Quarter
Net income NetIncomeLoss $32.70M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $1.72M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $-309.00K USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.24M USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.11M USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $352.00K 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 $10.15M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.76M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $657.00K USD 1 Quarter
Purchase of shares of common stock TreasuryStockValueAcquiredCostMethod $9.99M USD 1 Quarter
Purchase of shares of common stock TreasuryStockValueAcquiredCostMethod $14.81M USD 1 Quarter
Preferred stock dividend DividendsPreferredStock $1.00M USD 1 Quarter
Ending Balance StockholdersEquity $1.41B USD Point-in-time
Ending Balance StockholdersEquity $1.50B USD Point-in-time
Ending Balance StockholdersEquity $1.48B USD Point-in-time
Ending Balance StockholdersEquity $1.15B USD Point-in-time
Comprehensive Income 21 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $16.53M USD 1 Quarter
Net income NetIncomeLoss $32.70M USD 1 Quarter
Unrealized gain on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-112.00K USD 1 Quarter
Unrealized gain on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $586.00K USD 1 Quarter
Accretion of fair value adjustment on held to maturity securities tax OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $-73.00K USD 1 Quarter
Accretion of fair value adjustment on held to maturity securities tax OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $-84.00K USD 1 Quarter
Unrealized (loss) gain on debt securities (net of tax benefit of $112 in 2021 and net tax expense of $586 in 2020) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $2.15M USD 1 Quarter
Unrealized (loss) gain on debt securities (net of tax benefit of $112 in 2021 and net tax expense of $586 in 2020) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-416.00K USD 1 Quarter
Reclassification adjustment for gains included in net income, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-173.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $73 in 2021 and $84 in 2020) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $107.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $73 in 2021 and $84 in 2020) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $115.00K USD 1 Quarter
Reclassification adjustment for gains included in net income (net of tax benefit of $173 in 2020) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax - USD 1 Quarter
Reclassification adjustment for gains included in net income (net of tax benefit of $173 in 2020) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $547.00K USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $1.72M USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-309.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $32.39M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $18.25M USD 1 Quarter
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments - USD 1 Quarter
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $18.25M USD 1 Quarter
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $31.38M USD 1 Quarter

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

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