XML 11 R45.htm IDEA: XBRL DOCUMENT
v3.20.1

Loans Receivable, Net - Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method Excluding PCI Loans (Details) - USD ($) $ in Thousands | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2020 | Mar. 31, 2019 | Mar. 31, 2020 | Dec. 31, 2019
Allowance for loan losses |  |  |  |
Balance at beginning of period | $ 16,852 | $ 16,577 |  |
Credit loss expense | 8,597 |  |  |
Initial allowance for credit losses on PCD loans | 2,639 |  |  |
Credit loss expense | 9,969 | 620 |  |
Charge-offs | (1,384) | (868) |  |
Recoveries | 230 | 376 |  |
Balance at end of period | 29,635 | 16,705 |  |
Ending allowance balance attributed to loans |  |  |  |
Individually evaluated for impairment |  |  |  | $ 476
Collectively evaluated for impairment |  |  |  | 16,376
Total ending allowance balance | 16,852 | 16,705 | $ 29,635 | 16,852
Loans |  |  |  |
Loans individually evaluated for impairment |  |  |  | 26,510
Loans collectively evaluated for impairment |  |  |  | 6,174,877
Total loans |  |  | 7,932,590 | 6,201,387
Commercial and Industrial |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 1,458 | 1,609 |  |
Credit loss expense | 1,529 |  |  |
Initial allowance for credit losses on PCD loans | 1,221 |  |  |
Credit loss expense |  | (19) |  |
Charge-offs | 0 | 0 |  |
Recoveries | 25 | 57 |  |
Balance at end of period | 6,649 | 1,647 |  |
Ending allowance balance attributed to loans |  |  |  |
Individually evaluated for impairment |  |  |  | 0
Collectively evaluated for impairment |  |  |  | 1,458
Total ending allowance balance | 6,649 | 1,647 | 6,649 | 1,458
Loans |  |  |  |
Loans individually evaluated for impairment |  |  |  | 243
Loans collectively evaluated for impairment |  |  |  | 395,848
Total loans |  |  | 502,760 | 396,091
Commercial real estate – owner occupied |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 2,893 | 2,277 |  |
Credit loss expense | 1,286 |  |  |
Initial allowance for credit losses on PCD loans | 26 |  |  |
Credit loss expense |  | 1,550 |  |
Charge-offs | 0 | (389) |  |
Recoveries | 0 | 0 |  |
Balance at end of period | 3,096 | 3,438 |  |
Ending allowance balance attributed to loans |  |  |  |
Individually evaluated for impairment |  |  |  | 474
Collectively evaluated for impairment |  |  |  | 2,419
Total ending allowance balance | 3,096 | 3,438 | 3,096 | 2,893
Loans |  |  |  |
Loans individually evaluated for impairment |  |  |  | 6,163
Loans collectively evaluated for impairment |  |  |  | 785,778
Total loans |  |  | 1,220,983 | 791,941
Commercial Real Estate – Investor |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 9,883 | 8,770 |  |
Credit loss expense | 2,377 |  |  |
Initial allowance for credit losses on PCD loans | 260 |  |  |
Credit loss expense |  | (802) |  |
Charge-offs | 0 | (21) |  |
Recoveries | 34 | 295 |  |
Balance at end of period | 7,159 | 8,242 |  |
Ending allowance balance attributed to loans |  |  |  |
Individually evaluated for impairment |  |  |  | 0
Collectively evaluated for impairment |  |  |  | 9,883
Total ending allowance balance | 7,159 | 8,242 | 7,159 | 9,883
Loans |  |  |  |
Loans individually evaluated for impairment |  |  |  | 5,584
Loans collectively evaluated for impairment |  |  |  | 2,279,114
Total loans |  |  | 3,331,662 | 2,284,698
Residential Real Estate |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 2,002 | 2,413 |  |
Credit loss expense | 3,585 |  |  |
Initial allowance for credit losses on PCD loans | 109 |  |  |
Credit loss expense |  | (23) |  |
Charge-offs | (1,275) | (427) |  |
Recoveries | 163 | 2 |  |
Balance at end of period | 8,417 | 1,965 |  |
Ending allowance balance attributed to loans |  |  |  |
Individually evaluated for impairment |  |  |  | 0
Collectively evaluated for impairment |  |  |  | 2,002
Total ending allowance balance | 8,417 | 1,965 | 8,417 | 2,002
Loans |  |  |  |
Loans individually evaluated for impairment |  |  |  | 11,009
Loans collectively evaluated for impairment |  |  |  | 2,309,812
Total loans |  |  | 2,458,641 | 2,320,821
Consumer |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 591 | 486 |  |
Credit loss expense | (180) |  |  |
Initial allowance for credit losses on PCD loans | 1,023 |  |  |
Credit loss expense |  | (110) |  |
Charge-offs | (109) | (31) |  |
Recoveries | 8 | 22 |  |
Balance at end of period | 4,314 | 367 |  |
Ending allowance balance attributed to loans |  |  |  |
Individually evaluated for impairment |  |  |  | 2
Collectively evaluated for impairment |  |  |  | 589
Total ending allowance balance | 4,314 | 367 | 4,314 | 591
Loans |  |  |  |
Loans individually evaluated for impairment |  |  |  | 3,511
Loans collectively evaluated for impairment |  |  |  | 404,325
Total loans |  |  | 418,544 | 407,836
Unallocated |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 25 | 1,022 |  |
Credit loss expense | 0 |  |  |
Credit loss expense |  | 24 |  |
Charge-offs | 0 | 0 |  |
Recoveries | 0 | 0 |  |
Balance at end of period | 0 | 1,046 |  |
Ending allowance balance attributed to loans |  |  |  |
Individually evaluated for impairment |  |  |  | 0
Collectively evaluated for impairment |  |  |  | 25
Total ending allowance balance | 0 | $ 1,046 | $ 0 | 25
Loans |  |  |  |
Loans individually evaluated for impairment |  |  |  | 0
Loans collectively evaluated for impairment |  |  |  | 0
Total loans |  |  |  | 0
Cumulative Effect, Period Of Adoption, Adjustment |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 2,701 |  |  |
Ending allowance balance attributed to loans |  |  |  |
Total ending allowance balance | 2,701 |  |  | 2,701
Cumulative Effect, Period Of Adoption, Adjustment | Commercial and Industrial |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 2,416 |  |  |
Ending allowance balance attributed to loans |  |  |  |
Total ending allowance balance | 2,416 |  |  | 2,416
Cumulative Effect, Period Of Adoption, Adjustment | Commercial real estate – owner occupied |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | (1,109) |  |  |
Ending allowance balance attributed to loans |  |  |  |
Total ending allowance balance | (1,109) |  |  | (1,109)
Cumulative Effect, Period Of Adoption, Adjustment | Commercial Real Estate – Investor |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | (5,395) |  |  |
Ending allowance balance attributed to loans |  |  |  |
Total ending allowance balance | (5,395) |  |  | (5,395)
Cumulative Effect, Period Of Adoption, Adjustment | Residential Real Estate |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 3,833 |  |  |
Ending allowance balance attributed to loans |  |  |  |
Total ending allowance balance | 3,833 |  |  | 3,833
Cumulative Effect, Period Of Adoption, Adjustment | Consumer |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | 2,981 |  |  |
Ending allowance balance attributed to loans |  |  |  |
Total ending allowance balance | 2,981 |  |  | 2,981
Cumulative Effect, Period Of Adoption, Adjustment | Unallocated |  |  |  |
Allowance for loan losses |  |  |  |
Balance at beginning of period | (25) |  |  |
Ending allowance balance attributed to loans |  |  |  |
Total ending allowance balance | $ (25) |  |  | $ (25)

X
- Definition Financing Receivable, Credit Loss, Expense (Reversal) Including Purchased With Credit Deterioration + References No definition available. + Details
Name: | ocfc_FinancingReceivableCreditLossExpenseReversalIncludingPurchasedWithCreditDeterioration
Namespace Prefix: | ocfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Loans [Abstract] + References No definition available. + Details
Name: | ocfc_LoansAbstract
Namespace Prefix: | ocfc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_AllowanceForLoanAndLeaseLossesRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossAdditionalInformationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of increase in allowance for credit loss on financing receivable purchased with credit deterioration. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118955202&loc=SL82895884-210446 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The valuation allowance for financing receivables that are expected to be uncollectible that were collectively evaluated for impairment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of valuation allowance for financing receivables that are expected to be uncollectible that were individually evaluated for impairment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of recovery of financing receivables doubtful of collection that were previously charged off. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 79 -URI http://asc.fasb.org/extlink&oid=118955255&loc=SL82922352-210448 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(4) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of writeoff of financing receivable, charged against allowance for credit loss. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 79 -URI http://asc.fasb.org/extlink&oid=118955255&loc=SL82922352-210448 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The balance of financing receivables that were collectively evaluated for impairment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The balance of financing receivables that were individually evaluated for impairment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, before allowance for credit loss, of financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447 + Details
Name: | us-gaap_NotesReceivableGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of credit loss expense (reversal of expense) for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(11)) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 + Details
Name: | us-gaap_ProvisionForLoanLossesExpensed
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=ocfc_CommercialAndIndustrialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=ocfc_CommercialRealEstateOwnerOccupiedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=ocfc_CommercialRealEstateInvestorMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_UnallocatedFinancingReceivablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ocfc_CumulativeEffectPeriodOfAdoptionAxis=ocfc_CumulativeEffectPeriodOfAdoptionAdjustmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |