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10-Q Filing

OCEANFIRST FINANCIAL CORP CIK: 1004702 Q2 2016
Filing Information
Form Type 10-Q
Accession Number 0001193125-16-676764
Period End Date 20160630
Filing Date 20160809
Fiscal Year 2016
Fiscal Period Q2
XBRL Instance ocfc-20160630.xml
Balance Sheet 92 line items
Line Item Tag Value Unit Period
Securities held-to-maturity, net estimated fair value HeldToMaturitySecuritiesFairValue $397.76M USD Point-in-time
Securities held-to-maturity, net estimated fair value HeldToMaturitySecuritiesFairValue $520.97M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and due from banks CashAndDueFromBanks $66.22M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and due from banks CashAndDueFromBanks $36.12M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $43.95M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $40.36M USD Point-in-time
Securities available-for-sale, at estimated fair value AvailableForSaleSecurities $29.90M USD Point-in-time
Preferred stock, liquidation preference PreferredStockLiquidationPreferenceValue $1.00M USD Point-in-time
Securities available-for-sale, at estimated fair value AvailableForSaleSecurities $12.51M USD Point-in-time
Preferred stock, liquidation preference PreferredStockLiquidationPreferenceValue $1.00M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Securities held-to-maturity, net (estimated fair value of $520,971 at June 30, 2016 and $397,763 at December 31, 2015) HeldToMaturitySecurities $394.81M USD Point-in-time
Securities held-to-maturity, net (estimated fair value of $520,971 at June 30, 2016 and $397,763 at December 31, 2015) HeldToMaturitySecurities $513.72M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Federal Home Loan Bank of New York stock, at cost FederalHomeLoanBankStock $21.13M USD Point-in-time
Federal Home Loan Bank of New York stock, at cost FederalHomeLoanBankStock $19.98M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $1.97B USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $3.13B USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Mortgage loans held for sale LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage $5.31M 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
Mortgage loans held for sale LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage $2.70M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 33.57M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 33.57M shares Point-in-time
Interest and dividends receivable InterestReceivable $5.86M USD Point-in-time
Interest and dividends receivable InterestReceivable $10.14M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 25.75M shares Point-in-time
Other real estate owned OtherRealEstate $8.83M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 17.29M shares Point-in-time
Other real estate owned OtherRealEstate $9.79M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $28.42M USD Point-in-time
Treasury stock, shares TreasuryStockShares 16.28M shares Point-in-time
Treasury stock, shares TreasuryStockShares 7.82M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $49.39M USD Point-in-time
Servicing asset ServicingAssetAtAmortizedValue $664.00K USD Point-in-time
Servicing asset ServicingAssetAtAmortizedValue $589.00K USD Point-in-time
Bank Owned Life Insurance BankOwnedLifeInsurance $57.55M USD Point-in-time
Bank Owned Life Insurance BankOwnedLifeInsurance $105.93M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNet $16.81M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNet $37.05M USD Point-in-time
Other assets OtherAssets $10.90M USD Point-in-time
Other assets OtherAssets $14.58M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $3.90M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $256.00K USD Point-in-time
Goodwill Goodwill $67.10M USD Point-in-time
Goodwill Goodwill $1.82M USD Point-in-time
Total assets Assets $2.59B USD Point-in-time
Total assets Assets $4.05B USD Point-in-time
Deposits Deposits $3.21B USD Point-in-time
Deposits Deposits $1.92B USD Point-in-time
Securities sold under agreements to repurchase with retail customers SecuritiesSoldUnderAgreementsToRepurchase $67.67M USD Point-in-time
Securities sold under agreements to repurchase with retail customers SecuritiesSoldUnderAgreementsToRepurchase $75.87M USD Point-in-time
Federal Home Loan Bank advances AdvancesFromFederalHomeLoanBanks $324.38M USD Point-in-time
Federal Home Loan Bank advances AdvancesFromFederalHomeLoanBanks $312.60M USD Point-in-time
Other borrowings OtherBorrowings $22.50M USD Point-in-time
Other borrowings OtherBorrowings $22.50M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $9.83M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $7.12M USD Point-in-time
Other liabilities OtherLiabilities $19.37M USD Point-in-time
Other liabilities OtherLiabilities $8.07M USD Point-in-time
Total liabilities Liabilities $3.64B USD Point-in-time
Total liabilities Liabilities $2.35B 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, 33,566,772 shares issued and 25,748,898 and 17,286,557 shares outstanding at June 30, 2016 and December 31, 2015, respectively CommonStockValue $336.00K USD Point-in-time
Common stock, $.01 par value, 55,000,000 shares authorized, 33,566,772 shares issued and 25,748,898 and 17,286,557 shares outstanding at June 30, 2016 and December 31, 2015, respectively CommonStockValue $336.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $308.46M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $269.76M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $230.90M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $229.14M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.80M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.24M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan CommonStockIssuedEmployeeTrustDeferred $2.90M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan CommonStockIssuedEmployeeTrustDeferred $3.04M USD Point-in-time
Treasury stock, 7,817,874 and 16,280,215 shares at June 30, 2016 and December 31, 2015, respectively TreasuryStockValue $251.50M USD Point-in-time
Treasury stock, 7,817,874 and 16,280,215 shares at June 30, 2016 and December 31, 2015, respectively TreasuryStockValue $121.73M USD Point-in-time
Common stock acquired by Deferred Compensation Plan CommonStockHeldInTrust $308.00K USD Point-in-time
Common stock acquired by Deferred Compensation Plan CommonStockHeldInTrust $314.00K USD Point-in-time
Deferred Compensation Plan Liability DeferredCompensationLiabilityCurrentAndNoncurrent $308.00K USD Point-in-time
Deferred Compensation Plan Liability DeferredCompensationLiabilityCurrentAndNoncurrent $314.00K USD Point-in-time
Total stockholders' equity StockholdersEquity $221.53M USD Point-in-time
Total stockholders' equity StockholdersEquity $238.45M USD Point-in-time
Total stockholders' equity StockholdersEquity $409.26M USD Point-in-time
Total stockholders' equity StockholdersEquity $218.26M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $2.59B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $4.05B USD Point-in-time
Income Statement 156 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $18.55M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $30.52M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $36.58M USD 2 Qtrs
Loans InterestAndFeeIncomeLoansAndLeases $51.56M USD 2 Qtrs
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $3.14M USD 2 Qtrs
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $1.71M USD 1 Quarter
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $3.12M USD 2 Qtrs
Mortgage-backed securities InterestIncomeSecuritiesMortgageBacked $1.52M USD 1 Quarter
Investment securities and other InterestAndDividendIncomeSecuritiesOther $912.00K USD 1 Quarter
Investment securities and other InterestAndDividendIncomeSecuritiesOther $1.53M USD 2 Qtrs
Investment securities and other InterestAndDividendIncomeSecuritiesOther $509.00K USD 1 Quarter
Investment securities and other InterestAndDividendIncomeSecuritiesOther $1.03M USD 2 Qtrs
Total interest income InterestAndDividendIncomeOperating $20.58M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $33.14M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $56.21M USD 2 Qtrs
Total interest income InterestAndDividendIncomeOperating $40.74M USD 2 Qtrs
Deposits InterestExpenseDeposits $967.00K USD 1 Quarter
Deposits InterestExpenseDeposits $1.92M USD 2 Qtrs
Deposits InterestExpenseDeposits $1.77M USD 1 Quarter
Deposits InterestExpenseDeposits $3.04M USD 2 Qtrs
Borrowed funds InterestExpenseBorrowings $1.36M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $2.60M USD 2 Qtrs
Borrowed funds InterestExpenseBorrowings $2.26M USD 2 Qtrs
Borrowed funds InterestExpenseBorrowings $1.18M USD 1 Quarter
Total interest expense InterestExpense $5.64M USD 2 Qtrs
Total interest expense InterestExpense $4.18M USD 2 Qtrs
Total interest expense InterestExpense $3.13M USD 1 Quarter
Total interest expense InterestExpense $2.14M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $18.43M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $50.57M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $30.01M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $36.57M USD 2 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $1.23M USD 2 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $662.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $300.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $675.00K USD 2 Qtrs
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $35.89M USD 2 Qtrs
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $49.35M USD 2 Qtrs
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $29.35M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $18.13M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $1.21M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $2.06M USD 2 Qtrs
Bankcard services revenue CreditAndDebitCardRevenue $1.68M USD 2 Qtrs
Bankcard services revenue CreditAndDebitCardRevenue $899.00K USD 1 Quarter
Wealth management revenue InvestmentAdvisoryManagementAndAdministrativeFees $1.17M USD 2 Qtrs
Wealth management revenue InvestmentAdvisoryManagementAndAdministrativeFees $621.00K USD 1 Quarter
Wealth management revenue InvestmentAdvisoryManagementAndAdministrativeFees $629.00K USD 1 Quarter
Wealth management revenue InvestmentAdvisoryManagementAndAdministrativeFees $1.16M USD 2 Qtrs
Fees and service charges FeesAndCommissionsDepositorAccounts $2.50M USD 1 Quarter
Fees and service charges FeesAndCommissionsDepositorAccounts $4.32M USD 2 Qtrs
Fees and service charges FeesAndCommissionsDepositorAccounts $3.95M USD 2 Qtrs
Fees and service charges FeesAndCommissionsDepositorAccounts $2.06M USD 1 Quarter
Loan servicing income ServicingFeesNet $111.00K USD 2 Qtrs
Loan servicing income ServicingFeesNet $151.00K USD 2 Qtrs
Loan servicing income ServicingFeesNet $95.00K USD 1 Quarter
Loan servicing income ServicingFeesNet $59.00K USD 1 Quarter
Net loss on sale of investment securities available-for-sale MarketableSecuritiesRealizedGainLoss $-12.00K USD 2 Qtrs
Net loss on sale of investment securities available-for-sale MarketableSecuritiesRealizedGainLoss $-12.00K USD 1 Quarter
Net gain on sale of loan servicing GainLossOnSaleOfLoanServicing $111.00K USD 2 Qtrs
Net gain on sale of loan servicing GainLossOnSaleOfLoanServicing $30.00K USD 1 Quarter
Net gain on sales of loans available-for-sale GainLossOnSaleOfMortgageLoans $185.00K USD 1 Quarter
Net gain on sales of loans available-for-sale GainLossOnSaleOfMortgageLoans $170.00K USD 1 Quarter
Net gain on sales of loans available-for-sale GainLossOnSaleOfMortgageLoans $349.00K USD 2 Qtrs
Net gain on sales of loans available-for-sale GainLossOnSaleOfMortgageLoans $377.00K USD 2 Qtrs
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-51.00K USD 2 Qtrs
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-313.00K USD 1 Quarter
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-719.00K USD 2 Qtrs
Net loss from other real estate operations ProfitLossFromRealEstateOperations $-72.00K USD 1 Quarter
Income from Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $861.00K USD 2 Qtrs
Income from Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $364.00K USD 1 Quarter
Income from Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $542.00K USD 1 Quarter
Income from Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $810.00K USD 2 Qtrs
Other OtherOperatingIncomeExpenseNet $18.00K USD 1 Quarter
Other OtherOperatingIncomeExpenseNet $11.00K USD 2 Qtrs
Other OtherOperatingIncomeExpenseNet $77.00K USD 2 Qtrs
Other OtherOperatingIncomeExpenseNet $67.00K USD 1 Quarter
Total other income NoninterestIncome $4.17M USD 1 Quarter
Total other income NoninterestIncome $4.88M USD 1 Quarter
Total other income NoninterestIncome $8.26M USD 2 Qtrs
Total other income NoninterestIncome $8.16M USD 2 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $7.70M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $11.43M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $15.24M USD 2 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $19.90M USD 2 Qtrs
Occupancy OccupancyNet $3.64M USD 2 Qtrs
Occupancy OccupancyNet $2.70M USD 2 Qtrs
Occupancy OccupancyNet $1.24M USD 1 Quarter
Occupancy OccupancyNet $2.01M USD 1 Quarter
Equipment EquipmentExpense $2.15M USD 2 Qtrs
Equipment EquipmentExpense $1.18M USD 1 Quarter
Equipment EquipmentExpense $1.61M USD 2 Qtrs
Equipment EquipmentExpense $813.00K USD 1 Quarter
Marketing MarketingExpense $689.00K USD 2 Qtrs
Marketing MarketingExpense $543.00K USD 1 Quarter
Marketing MarketingExpense $415.00K USD 1 Quarter
Marketing MarketingExpense $794.00K USD 2 Qtrs
Federal deposit insurance FederalDepositInsuranceCorporationPremiumExpense $723.00K USD 1 Quarter
Federal deposit insurance FederalDepositInsuranceCorporationPremiumExpense $506.00K USD 1 Quarter
Federal deposit insurance FederalDepositInsuranceCorporationPremiumExpense $1.00M USD 2 Qtrs
Federal deposit insurance FederalDepositInsuranceCorporationPremiumExpense $1.25M USD 2 Qtrs
Data processing InformationTechnologyAndDataProcessing $2.19M USD 2 Qtrs
Data processing InformationTechnologyAndDataProcessing $1.88M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $1.10M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $3.15M USD 2 Qtrs
Check card processing CheckCardProcessing $898.00K USD 2 Qtrs
Check card processing CheckCardProcessing $423.00K USD 1 Quarter
Check card processing CheckCardProcessing $925.00K USD 2 Qtrs
Check card processing CheckCardProcessing $505.00K USD 1 Quarter
Professional fees ProfessionalFees $539.00K USD 1 Quarter
Professional fees ProfessionalFees $1.20M USD 2 Qtrs
Professional fees ProfessionalFees $934.00K USD 2 Qtrs
Professional fees ProfessionalFees $700.00K USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $3.49M USD 2 Qtrs
Other operating expense OtherCostAndExpenseOperating $2.22M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $2.64M USD 2 Qtrs
Other operating expense OtherCostAndExpenseOperating $1.47M USD 1 Quarter
Federal Home Loan Bank prepayment fee FederalHomeLoanBankPrepaymentFeesBeforeTax $136.00K USD 1 Quarter
Federal Home Loan Bank prepayment fee FederalHomeLoanBankPrepaymentFeesBeforeTax $136.00K USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfIntangibleAssets $138.00K USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfIntangibleAssets $125.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $8.59M USD 2 Qtrs
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $234.00K USD 2 Qtrs
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $184.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $7.19M USD 1 Quarter
Total operating expenses OperatingExpenses $28.13M USD 2 Qtrs
Total operating expenses OperatingExpenses $45.36M USD 2 Qtrs
Total operating expenses OperatingExpenses $14.39M USD 1 Quarter
Total operating expenses OperatingExpenses $28.65M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.59M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $12.25M USD 2 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $15.92M USD 2 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $7.91M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $4.38M USD 2 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $5.52M USD 2 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $2.78M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $1.93M USD 1 Quarter
Net income NetIncomeLoss $5.13M USD 1 Quarter
Net income NetIncomeLoss $7.87M USD 2 Qtrs
Net income NetIncomeLoss $3.66M USD 1 Quarter
Net income NetIncomeLoss $10.39M USD 2 Qtrs
Basic earnings per share EarningsPerShareBasic $0.31 USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.40 USD 2 Qtrs
Basic earnings per share EarningsPerShareBasic $0.63 USD 2 Qtrs
Basic earnings per share EarningsPerShareBasic $0.16 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.39 USD 2 Qtrs
Diluted earnings per share EarningsPerShareDiluted $0.16 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.31 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.63 USD 2 Qtrs
Average basic shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 22.48M shares 1 Quarter
Average basic shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 19.69M shares 2 Qtrs
Average basic shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 16.43M shares 2 Qtrs
Average basic shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 16.40M shares 1 Quarter
Average diluted shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 16.59M shares 1 Quarter
Average diluted shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 20.00M shares 2 Qtrs
Average diluted shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 22.88M shares 1 Quarter
Average diluted shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 16.61M shares 2 Qtrs
Cash Flow Statement 118 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $5.13M USD 1 Quarter
Net income NetIncomeLoss $7.87M USD 2 Qtrs
Net income NetIncomeLoss $3.66M USD 1 Quarter
Net income NetIncomeLoss $10.39M USD 2 Qtrs
Depreciation and amortization of premises and equipment DepreciationAndAmortization $1.50M USD 2 Qtrs
Depreciation and amortization of premises and equipment DepreciationAndAmortization $2.13M USD 2 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $301.00K USD 2 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $288.00K USD 2 Qtrs
Stock awards ShareBasedCompensation $756.00K USD 2 Qtrs
Stock awards ShareBasedCompensation $638.00K USD 2 Qtrs
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $214.00K USD 2 Qtrs
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $87.00K USD 2 Qtrs
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-1.14M USD 2 Qtrs
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-849.00K USD 2 Qtrs
Net amortization of deferred costs and discounts on loans OtherNoncashExpense $26.00K USD 2 Qtrs
Net amortization of deferred costs and discounts on loans OtherNoncashExpense $70.00K USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfIntangibleAssets $138.00K USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfIntangibleAssets $125.00K USD 1 Quarter
Net accretion/amortization of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $1.43M USD 2 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $1.23M USD 2 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $662.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $300.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $675.00K USD 2 Qtrs
Net loss (gain) on sale of other real estate owned GainsLossesOnSalesOfOtherRealEstate $-145.00K USD 2 Qtrs
Net loss (gain) on sale of other real estate owned GainsLossesOnSalesOfOtherRealEstate $112.00K USD 2 Qtrs
Net loss on sales of available-for-sale securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $-12.00K USD 2 Qtrs
Net gain on sales of loans GainLossOnSalesOfLoansNet $349.00K USD 2 Qtrs
Net gain on sales of loans GainLossOnSalesOfLoansNet $377.00K USD 2 Qtrs
Proceeds from sales of mortgage loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $19.55M USD 2 Qtrs
Proceeds from sales of mortgage loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $28.14M USD 2 Qtrs
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $21.82M USD 2 Qtrs
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $25.02M USD 2 Qtrs
Proceeds from Bank Owned Life Insurance ProceedsFromLifeInsurancePolicies $155.00K USD 2 Qtrs
Increase in value of Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $861.00K USD 2 Qtrs
Increase in value of Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $364.00K USD 1 Quarter
Increase in value of Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $542.00K USD 1 Quarter
Increase in value of Bank Owned Life Insurance BankOwnedLifeInsuranceIncome $810.00K USD 2 Qtrs
Increase in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $756.00K USD 2 Qtrs
Increase in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $44.00K USD 2 Qtrs
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-1.31M USD 2 Qtrs
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-8.93M USD 2 Qtrs
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-857.00K USD 2 Qtrs
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-2.21M USD 2 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $5.42M USD 2 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $8.23M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $16.10M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $15.81M USD 2 Qtrs
Net increase in loans receivable PaymentsForProceedsFromLoansAndLeases $-9.65M USD 2 Qtrs
Net increase in loans receivable PaymentsForProceedsFromLoansAndLeases $77.57M USD 2 Qtrs
Purchase of loans receivable PaymentsToAcquireLoansReceivable $7.19M USD 2 Qtrs
Purchase of loans receivable PaymentsToAcquireLoansReceivable $12.94M USD 2 Qtrs
Purchase of investment securities available-for-sale PaymentsToAcquireAvailableForSaleSecurities $9.97M USD 2 Qtrs
Proceeds from maturities and calls of investment securities held-to-maturity ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $19.64M USD 2 Qtrs
Proceeds from maturities and calls of investment securities held-to-maturity ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $23.29M USD 2 Qtrs
Proceeds from sales of securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecurities $59.21M USD 2 Qtrs
Principal repayments on mortgage-backed securities held-to-maturity ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment $31.00M USD 2 Qtrs
Principal repayments on mortgage-backed securities held-to-maturity ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment $31.04M USD 2 Qtrs
Decrease in Federal Home Loan Bank of New York stock PaymentsForProceedsFromFederalHomeLoanBankStock $-430.00K USD 2 Qtrs
Decrease in Federal Home Loan Bank of New York stock PaymentsForProceedsFromFederalHomeLoanBankStock $-5.63M USD 2 Qtrs
Proceeds from sales of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans $1.40M USD 2 Qtrs
Proceeds from sales of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans $1.71M USD 2 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.38M USD 2 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.70M USD 2 Qtrs
Cash received, net of cash consideration paid for acquisition CashAcquiredInExcessOfPaymentsToAcquireBusiness $477.00K USD 2 Qtrs
Cash acquired, net of cash paid for branch acquisition CashAcquiredFromAcquisition $16.73M USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $128.80M USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-40.32M USD 2 Qtrs
Increase in deposits IncreaseDecreaseInDeposits $24.50M USD 2 Qtrs
Increase in deposits IncreaseDecreaseInDeposits $41.54M USD 2 Qtrs
Decrease in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-116.40M USD 2 Qtrs
Decrease in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-40.75M USD 2 Qtrs
Proceeds from Federal Home Loan Bank advances ProceedsFromFederalHomeLoanBankAdvances $35.00M USD 2 Qtrs
Proceeds from Federal Home Loan Bank advances ProceedsFromFederalHomeLoanBankAdvances $55.00M USD 2 Qtrs
Repayments of Federal Home Loan Bank advances RepaymentsOfFederalHomeLoanBankBorrowings $73.05M USD 2 Qtrs
Repayments of other borrowings RepaymentsOfOtherDebt $10.00M USD 2 Qtrs
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $1.78M USD 2 Qtrs
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $1.52M USD 2 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $1.29M USD 2 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $165.00K USD 2 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $4.45M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $5.48M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $4.29M USD 2 Qtrs
Tax (expense) benefit of stock plans ExcessTaxExpenseBenefitFromShareBasedCompensationFinancingActivities $-260.00K USD 2 Qtrs
Tax (expense) benefit of stock plans ExcessTaxExpenseBenefitFromShareBasedCompensationFinancingActivities $8.00K USD 2 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-122.63M USD 2 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $28.75M USD 2 Qtrs
Net increase in cash and due from banks CashAndCashEquivalentsPeriodIncreaseDecrease $4.24M USD 2 Qtrs
Net increase in cash and due from banks CashAndCashEquivalentsPeriodIncreaseDecrease $22.28M USD 2 Qtrs
Cash and due from banks at beginning of period CashAndDueFromBanks $66.22M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $36.12M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $43.95M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $40.36M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $66.22M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $36.12M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $43.95M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $40.36M USD Point-in-time
Interest InterestPaid $5.51M USD 2 Qtrs
Interest InterestPaid $4.14M USD 2 Qtrs
Income taxes IncomeTaxesPaid $4.66M USD 2 Qtrs
Income taxes IncomeTaxesPaid $762.00K USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $679.00K USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $644.00K USD 2 Qtrs
Loans charged-off, net NetLoansChargedOff $1.27M USD 2 Qtrs
Loans charged-off, net NetLoansChargedOff $458.00K USD 2 Qtrs
Transfer of loans receivable to other real estate owned TransferToOtherRealEstate $888.00K USD 2 Qtrs
Securities NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 $212.16M USD 2 Qtrs
Federal Home Loan Bank of New York stock NoncashOrPartNoncashAcquisitionAdvancesToFederalHomeLoanBank $6.78M USD 2 Qtrs
Loans NonCashOrPartNonCashAcquisitionLoans $1.16B USD 2 Qtrs
Premises & equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $21.72M USD 2 Qtrs
Other real estate owned NoncashOrPartNoncashAcquisitionOtherRealEstateOwned $1.94M USD 2 Qtrs
Deferred tax asset NoncashOrPartNoncashAcquisitionDeferredTaxAsset $22.05M USD 2 Qtrs
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 $61.79M USD 2 Qtrs
Goodwill and other intangible assets, net NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 $68.74M USD 2 Qtrs
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $1.55B USD 2 Qtrs
Deposits NoncashOrPartNoncashAcquisitionDepositsAssumed $1.25B USD 2 Qtrs
Federal Home Loan Bank advances NoncashOrPartNoncashAcquisitionFederalHomeLoanBankAdvances $124.47M USD 2 Qtrs
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 $12.95M USD 2 Qtrs
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $1.39B USD 2 Qtrs
Stockholders Equity 26 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $221.53M USD Point-in-time
Beginning Balance StockholdersEquity $238.45M USD Point-in-time
Beginning Balance StockholdersEquity $409.26M USD Point-in-time
Beginning Balance StockholdersEquity $218.26M USD Point-in-time
Net income NetIncomeLoss $5.13M USD 1 Quarter
Net income NetIncomeLoss $7.87M USD 2 Qtrs
Net income NetIncomeLoss $3.66M USD 1 Quarter
Net income NetIncomeLoss $10.39M USD 2 Qtrs
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $443.00K USD 2 Qtrs
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $522.00K USD 2 Qtrs
Tax benefit (expense) of stock plans AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet $-260.00K USD 2 Qtrs
Tax benefit (expense) of stock plans AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet $8.00K USD 2 Qtrs
Stock awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $756.00K USD 2 Qtrs
Stock awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $638.00K USD 2 Qtrs
Issued 8,282,296 treasury shares to finance acquisition StockIssuedDuringPeriodValueTreasuryStockReissued $165.90M USD 2 Qtrs
Purchased 259,940 shares of common stock TreasuryStockValueAcquiredCostMethod $4.45M USD 2 Qtrs
Allocation of ESOP stock AmortizationOfESOPAward $301.00K USD 2 Qtrs
Allocation of ESOP stock AmortizationOfESOPAward $288.00K USD 2 Qtrs
Cash dividend DividendsCommonStockCash $5.48M USD 2 Qtrs
Cash dividend DividendsCommonStockCash $4.29M USD 2 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $165.00K USD 2 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.29M USD 2 Qtrs
Ending Balance StockholdersEquity $221.53M USD Point-in-time
Ending Balance StockholdersEquity $238.45M USD Point-in-time
Ending Balance StockholdersEquity $409.26M USD Point-in-time
Ending Balance StockholdersEquity $218.26M USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $5.13M USD 1 Quarter
Net income NetIncomeLoss $7.87M USD 2 Qtrs
Net income NetIncomeLoss $3.66M USD 1 Quarter
Unrealized gain (loss) on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $1.00K USD 1 Quarter
Unrealized gain (loss) on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $37.00K USD 2 Qtrs
Unrealized gain (loss) on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $98.00K USD 2 Qtrs
Unrealized gain (loss) on securities, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-34.00K USD 1 Quarter
Net income NetIncomeLoss $10.39M USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $277.00K USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $138.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $263.00K USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $128.00K USD 1 Quarter
Unrealized (loss) gain on securities (net of tax benefit of $(34) and tax expense of $37 in 2016, and net of tax expense of $1 and $98 in 2015, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $2.00K USD 1 Quarter
Unrealized (loss) gain on securities (net of tax benefit of $(34) and tax expense of $37 in 2016, and net of tax expense of $1 and $98 in 2015, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $53.00K USD 2 Qtrs
Unrealized (loss) gain on securities (net of tax benefit of $(34) and tax expense of $37 in 2016, and net of tax expense of $1 and $98 in 2015, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-49.00K USD 1 Quarter
Unrealized (loss) gain on securities (net of tax benefit of $(34) and tax expense of $37 in 2016, and net of tax expense of $1 and $98 in 2015, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $141.00K USD 2 Qtrs
Reclassification adjustment for losses included in net income, tax benefit OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $5.00K USD 2 Qtrs
Reclassification adjustment for losses included in net income, tax benefit OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $5.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity (net of tax expense of $128 and $277 in 2016 and $138 and $263 in 2015, respectively) OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax $186.00K USD 1 Quarter
Accretion of unrealized loss on securities reclassified to held-to-maturity (net of tax expense of $128 and $277 in 2016 and $138 and $263 in 2015, respectively) OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax $381.00K USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity (net of tax expense of $128 and $277 in 2016 and $138 and $263 in 2015, respectively) OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax $402.00K USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity (net of tax expense of $128 and $277 in 2016 and $138 and $263 in 2015, respectively) OtherComprehensiveIncomeAccretionOfNetUnrealizedLossesOnHeldToMaturitySecuritiesNetOfTax $199.00K USD 1 Quarter
Reclassification adjustment for losses included in net income (net of tax benefit of $5 in 2016) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-12.00K USD 1 Quarter
Reclassification adjustment for losses included in net income (net of tax benefit of $5 in 2016) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-12.00K USD 2 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTax $8.31M USD 2 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTax $10.92M USD 2 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTax $3.79M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $5.33M USD 1 Quarter

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

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