XML 55 R43.htm IDEA: XBRL DOCUMENT
v3.21.2

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 | 9 Months Ended
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period | $ 53,876 | $ 38,509 | $ 60,735 | $ 16,852
Credit loss expense (benefit) | (4,109) | 32,836 | (11,024) | 50,075
Initial allowance for credit losses on purchased with credit deterioration (“PCD”) loans |  |  |  | 2,639
Charge-offs | (163) | (15,411) | (939) | (16,964)
Recoveries | 549 | 416 | 1,381 | 1,047
Balance at end of period | 50,153 | 56,350 | 50,153 | 56,350
Cumulative Effect, Period Of Adoption, Adjustment |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period |  |  |  | 2,701
Commercial and industrial |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period | 4,404 | 4,979 | 5,390 | 1,458
Credit loss expense (benefit) | 1,962 | (106) | 958 | (275)
Initial allowance for credit losses on purchased with credit deterioration (“PCD”) loans |  |  |  | 1,221
Charge-offs | (50) | (575) | (83) | (575)
Recoveries | 50 | 29 | 101 | 82
Balance at end of period | 6,366 | 4,327 | 6,366 | 4,327
Commercial and industrial | Cumulative Effect, Period Of Adoption, Adjustment |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period |  |  |  | 2,416
Commercial real estate – owner occupied |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period | 6,350 | 2,765 | 15,054 | 2,893
Credit loss expense (benefit) | 515 | 5,166 | (8,225) | 6,120
Initial allowance for credit losses on purchased with credit deterioration (“PCD”) loans |  |  |  | 26
Charge-offs | (64) | (2,252) | (64) | (2,253)
Recoveries | 26 | 2 | 62 | 4
Balance at end of period | 6,827 | 5,681 | 6,827 | 5,681
Commercial real estate – owner occupied | Cumulative Effect, Period Of Adoption, Adjustment |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period |  |  |  | (1,109)
Commercial Real Estate – Investor |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period | 33,037 | 8,860 | 26,703 | 9,883
Credit loss expense (benefit) | (9,902) | 30,131 | (3,336) | 34,208
Initial allowance for credit losses on purchased with credit deterioration (“PCD”) loans |  |  |  | 260
Charge-offs | 0 | (12,037) | (345) | (12,062)
Recoveries | 5 | 32 | 118 | 92
Balance at end of period | 23,140 | 26,986 | 23,140 | 26,986
Commercial Real Estate – Investor | Cumulative Effect, Period Of Adoption, Adjustment |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period |  |  |  | (5,395)
Residential Real Estate |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period | 8,818 | 17,685 | 11,818 | 2,002
Credit loss expense (benefit) | 3,081 | (1,891) | 284 | 10,749
Initial allowance for credit losses on purchased with credit deterioration (“PCD”) loans |  |  |  | 109
Charge-offs | (12) | (6) | (254) | (1,351)
Recoveries | 292 | 320 | 331 | 766
Balance at end of period | 12,179 | 16,108 | 12,179 | 16,108
Residential Real Estate | Cumulative Effect, Period Of Adoption, Adjustment |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period |  |  |  | 3,833
Consumer |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period | 1,267 | 4,220 | 1,770 | 591
Credit loss expense (benefit) | 235 | (464) | (705) | (727)
Initial allowance for credit losses on purchased with credit deterioration (“PCD”) loans |  |  |  | 1,023
Charge-offs | (37) | (541) | (193) | (723)
Recoveries | 176 | 33 | 769 | 103
Balance at end of period | 1,641 | 3,248 | 1,641 | 3,248
Consumer | Cumulative Effect, Period Of Adoption, Adjustment |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period |  |  |  | 2,981
Unallocated |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period | 0 | 0 | 0 | 25
Credit loss expense (benefit) | 0 | 0 | 0 | 0
Initial allowance for credit losses on purchased with credit deterioration (“PCD”) loans |  |  |  | 0
Charge-offs | 0 | 0 | 0 | 0
Recoveries | 0 | 0 | 0 | 0
Balance at end of period | $ 0 | $ 0 | $ 0 | 0
Unallocated | Cumulative Effect, Period Of Adoption, Adjustment |  |  |  |
Allowance for credit losses on loans |  |  |  |
Balance at beginning of period |  |  |  | $ (25)

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
- Definition Amount excluding accrued interest, of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124255206&loc=SL82895884-210446 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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=124255953&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 increase in allowance for credit loss on financing receivable from recovery. + 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=124267575&loc=SL82922352-210448 Reference 2: 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=124255953&loc=SL82919249-210447 Reference 3: 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=123577603&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=124255953&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=123577603&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=124267575&loc=SL82922352-210448 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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=124255953&loc=SL82919249-210447 Reference 2: 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=120399700&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: | srt_CumulativeEffectPeriodOfAdoptionAxis=srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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: |