XML 37 R27.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Borrowed Funds (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Borrowed Funds | Borrowed funds at March 31, 2024 and December 31, 2023 were as follows (in thousands):
| March 31, |  | December 31,
2024 |  | 2023
FHLB advances | $ | 658,436 |  |  | $ | 848,636 |
Securities sold under agreements to repurchase with customers | 66,798 |  |  | 73,148 |
Other borrowings | 425,722 |  |  | 196,456 |
Total borrowed funds | $ | 1,150,956 |  |  | $ | 1,118,240 |
Schedule of Pledged Assets | The following table presents the assets pledged to secure borrowings, borrowing capacity, repurchase agreements, letters of credit, and for other purposes required by law at carrying value (in thousands):
|  | Loans |  | Debt securities |  | Total
March 31, 2024 |  |  |  |  |  |
FHLB and FRB |  | $ | 7,336,405 |  |  | $ | 1,244,634 |  |  | $ | 8,581,039 |
Repurchase agreements |  | — |  |  | 101,526 |  |  | 101,526 |
Total pledged assets |  | $ | 7,336,405 |  |  | $ | 1,346,160 |  |  | $ | 8,682,565 |
December 31, 2023 |  |  |  |  |  |
FHLB and FRB |  | $ | 7,255,671 |  |  | $ | 1,051,558 |  |  | $ | 8,307,229 |
Repurchase agreements |  | — |  |  | 103,416 |  |  | 103,416 |
Total pledged assets |  | $ | 7,255,671 |  |  | $ | 1,154,974 |  |  | $ | 8,410,645 |

X
- Definition Schedule of Pledged Assets, Not Separately Reported on Statement of Financial Position + References No definition available. + Details
Name: | ocfc_ScheduleOfPledgedAssetsNotSeparatelyReportedOnStatementOfFinancialPositionTableTextBlock
Namespace Prefix: | ocfc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary Of Borrowed Funds [Table Text Block] + References No definition available. + Details
Name: | ocfc_SummaryOfBorrowedFundsTableTextBlock
Namespace Prefix: | ocfc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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