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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net income $ 20,532 $ 38,804 $ 76,313 $ 94,046
Other comprehensive income (loss):        
Net unrealized gain (loss) on debt securities (net of tax expense of $572 and $2,430 in 2023 and tax benefit of $3,023 and $11,411 in 2022, respectively) 1,797 (9,490) 7,626 (35,858)
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $66 and $176 in 2023 and tax expense of $60 and $186 in 2022, respectively) 116 87 277 265
Unrealized loss on derivative hedges (net of tax benefit of $198 and $573 in 2023) (622) 0 (1,798) 0
Reclassification adjustment for losses (gains) included in net income (net of tax expense of $78 and $340 in 2023 and tax benefit $26 in 2022, respectively) 246 0 1,066 (82)
Total other comprehensive income (loss), net of tax 1,537 (9,403) 7,171 (35,675)
Total comprehensive income 22,069 29,401 83,484 58,371
Less: comprehensive (loss) income attributable to non-controlling interest (135) 193 (34) 715
Comprehensive income attributable to OceanFirst Financial Corp. 22,204 29,208 83,518 57,656
Less: Dividends on preferred shares 1,004 1,004 3,012 3,012
Total comprehensive income available to common stockholders $ 21,200 $ 28,204 $ 80,506 $ 54,644