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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 167,946 $ 204,949
Debt securities available-for-sale, at estimated fair value (encumbered $239,953 at December 31, 2022 and $293,968 at December 31, 2021) 457,648 568,255
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,128 at December 31, 2022 and $1,467 at December 31, 2021 (estimated fair value of $1,110,041 at December 31, 2022 and $1,152,744 at December 31, 2021) (encumbered $778,268 at December 31, 2022 and $756,706 at December 31, 2021) 1,221,138 1,139,193
Equity investments (encumbered of $40,122 at December 31, 2021) 102,037 101,155
Restricted equity investments, at cost 109,278 53,195
Loans receivable, net of allowance for loan credit losses of $56,824 at December 31, 2022 and $48,850 at December 31, 2021 9,868,718 8,583,352
Loans held-for-sale 690 0
Interest and dividends receivable 44,704 32,606
Other real estate owned 0 106
Premises and equipment, net 126,705 125,828
Bank owned life insurance 261,603 259,207
Assets held for sale 2,719 6,229
Goodwill 506,146 500,319
Core deposit intangible 13,497 18,215
Other assets 221,067 147,007
Total assets 13,103,896 11,739,616
Liabilities and Stockholders’ Equity    
Deposits 9,675,206 9,732,816
Federal Home Loan Bank ("FHLB") advances 1,211,166 0
Securities sold under agreements to repurchase with customers 69,097 118,769
Other borrowings 195,403 229,141
Advances by borrowers for taxes and insurance 21,405 20,305
Other liabilities 346,155 122,032
Total liabilities 11,518,432 10,223,063
Stockholders’ equity:    
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, 57,370 shares issued at both December 31, 2022 and December 31, 2021 1 1
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,877,686 and 61,535,381 shares issued at December 31, 2022 and December 31, 2021, respectively; and 59,144,128 and 59,175,046 shares outstanding at December 31, 2022 and December 31, 2021, respectively 612 611
Additional paid-in capital 1,154,821 1,146,781
Retained earnings 540,507 442,306
Accumulated other comprehensive loss (35,982) (2,821)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") (6,191) (8,615)
Treasury stock, 2,733,558 and 2,360,335 shares at December 31, 2022 and December 31, 2021, respectively (69,106) (61,710)
OceanFirst Financial Corp. stockholders’ equity 1,584,662 1,516,553
Non-controlling interest 802 0
Total stockholders’ equity 1,585,464 1,516,553
Total liabilities and stockholders’ equity $ 13,103,896 $ 11,739,616