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Overview / Commentary
1001 Asbury Ave
Ocean City, NJ 08226

Ocean City Home Bank is headquartered in Ocean City and is the 24th largest bank in the state of New Jersey. It is also the 663rd largest bank in the nation. It was established in 1912 and as of March of 2014, it had grown to 170 employees at 12 locations. Ocean City Home Bank has a B+ health rating.

Reviews (1)

Poor Customer Service

The customer service I experienced from this bank is unacceptable.  After completing the online application, it took them 3 weeks to give me a response that they don't have a 90% LTV  HELOC  product.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Ocean City Home Bank had $3.79 million in non-current loans and owned real-estate with $108.4 million in equity and loan loss allowances on hand to cover it. This gives Ocean City Home Bank a Texas Ratio of 3.50% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Ocean City Home Bank decreased dramatically from 5.61% as of March 31, 2013 to 3.50% as of March 31, 2014, resulting in a positive change of 37.64%.This indicates that the balance sheet and financial strength for Ocean City Home Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Ocean City Home Bank has decreased its total deposits by -$28.02 million, resulting in -3.43% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Ocean City Home Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Ocean City Home Bank has $1.02 billion in assets with $108.4 million in equity, resulting in a capitalization level of 10.66%, which is above average.

Institution Statistics

FDIC Certificate #30273
Year Established1912
Primary RegulatorOCC
Assets and Liabilities
Assets$1.02 billion
Loans$757.64 million
Deposits$789.53 million
Equity Capital$104.76 million
Loan Loss Allowance$3.64 million
Unbacked Noncurrent Loans$3.45 million
Real Estate Owned$340,000
Historic Data - March 2013
Assets$1.05 billion
Equity Capital$105.47 million
Loan Loss Allowance$3.67 million
Unbacked Noncurrent Loans$3.45 million
Real Estate Owned$974,000
Profit Margin - Quarterly
Net Interest Margin3%
Return on Assets0.67%
Return on Equity6.58%
Interest Income$8.84 million
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Ocean City Home Bank Savings Account Rates

0.25%$50k-Regular Savings

Ocean City Home Bank Checking Account Rates

0.25%$250k-Business Sweep Account
0.25%$250k-Non-Profit Checking
0.10%$5k-Classic Checking

Ocean City Home Bank CD Rates

1.70%--84 Month CD
1.60%--60 Month CD
1.50%--48 Month CD
1.30%--36 Month CD
1.01%--15 Month Variable Rate CD
0.65%--24 Month CD
0.65%--30 Month CD
0.55%--18 Month CD
0.35%--12 Month CD
0.35%--16 Month CD
0.35%--15 Month CD
0.25%--6 Month CD
0.25%--7 Month CD
0.25%--9 Month CD
0.25%--10 Month CD
0.05%--3 Month CD

Ocean City Home Bank IRA Rates

1.70%--84 Month IRA
1.60%--60 Month IRA
1.50%--48 Month IRA
1.30%--36 Month IRA
1.01%--15 Month Variable Rate IRA
0.65%--24 Month IRA
0.65%--30 Month IRA
0.55%--18 Month IRA
0.35%--12 Month IRA
0.35%--16 Month IRA
0.35%--15 Month IRA
0.25%--6 Month IRA
0.25%--7 Month IRA
0.25%--9 Month IRA
0.25%--10 Month IRA

Ocean City Home Bank has 12 locations. Click to view all Ocean City Home Bank locations.