Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
609-399-0012
1001 Asbury Ave
Ocean City, NJ 08226

Ocean City Home Bank is headquartered in Ocean City and is the 23rd largest bank in the state of New Jersey. It is also the 654th largest bank in the nation. It was established in 1912 and as of December of 2013, it had grown to 171 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.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Ocean City Home Bank had $4.88 million in non-current loans and owned real-estate with $107.01 million in equity and loan loss allowances on hand to cover it. This gives Ocean City Home Bank a Texas Ratio of 4.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Ocean City Home Bank decreased slightly from 5.93% as of December 31, 2012 to 4.56% as of December 31, 2013, resulting in a positive change of 23.22%.This indicates that the balance sheet and financial strength for Ocean City Home Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Ocean City Home Bank has decreased its total deposits by -$21.66 million, resulting in -2.68% 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.

Capitalization

GRADE:
B+

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 $1.01 billion in assets with $107.01 million in equity, resulting in a capitalization level of 10.56%, which is above average.

Institution Statistics

Overall
FDIC Certificate #30273
Year Established1912
Employees171
Primary RegulatorOCC
Assets and Liabilities
Assets$1.01 billion
Loans$744.80 million
Deposits$788.15 million
Equity Capital$103.23 million
Loan Loss Allowance$3.78 million
Unbacked Noncurrent Loans$4.38 million
Real Estate Owned$498,000
Historic Data - December 2012
Assets$1.04 billion
Equity Capital$104.98 million
Loan Loss Allowance$3.53 million
Unbacked Noncurrent Loans$4.38 million
Real Estate Owned$906,000
Profit Margin - Quarterly
Net Interest Margin2.83%
Return on Assets0.58%
Return on Equity5.79%
Interest Income$34.81 million
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Ocean City Home Bank, we are a rate comparison website and can not provide official rates or promotions.

Ocean City Home Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Regular Savings

Ocean City Home Bank Checking Account Rates

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

Ocean City Home Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.40%--84 Month CD
1.05%--60 Month CD
1.00%--48 Month CD
1.00%--15 Month Variable Rate CD
0.70%--36 Month 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

DetailsAPYMINMAXPRODUCT
1.40%--84 Month IRA (Traditional,Roth,SEP,SIMPLE)
1.05%--60 Month IRA (Traditional,Roth,SEP,SIMPLE)
1.00%--48 Month IRA (Traditional,Roth,SEP,SIMPLE)
1.00%--15 Month Variable Rate IRA (Traditional,Roth,SEP,SIMPLE)
0.70%--36 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.65%--24 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.65%--30 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.55%--18 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.35%--12 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.35%--16 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.35%--15 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.25%--6 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.25%--7 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.25%--9 Month IRA (Traditional,Roth,SEP,SIMPLE)
0.25%--10 Month IRA (Traditional,Roth,SEP,SIMPLE)
Locations

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