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975 Hooper Avenue
Toms River, NJ 08753

OceanFirst Bank is headquartered in Toms River and is the 11st largest bank in the state of New Jersey. It is also the 322nd largest bank in the nation. It was established in 1902 and as of December of 2013, it had grown to 373 employees at 26 locations. OceanFirst Bank has a B health rating.

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Reviews (1)

HORRIBLE BANK, They Rip You Off Any Way They Can!!!

This bank is not organized whatsoever, I have had so many problems with them taking out payments first then depositing my money and taking hundreds from me in fees. If you use this bank you need to watch your account very closely!!!


Data for Q4 2013

Institution Health


Texas Ratio


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 OceanFirst Bank had $49.7 million in non-current loans and owned real-estate with $233.89 million in equity and loan loss allowances on hand to cover it. This gives OceanFirst Bank a Texas Ratio of 21.25% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for OceanFirst Bank experienced no significant changes from 19.52% as of December 31, 2012 to 21.25% as of December 31, 2013, resulting in a negative change of 8.88%. This indicates that the balance sheet and financial strength for OceanFirst Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, OceanFirst Bank has increased its total deposits by $26.69 million, resulting in 1.54% 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 OceanFirst Bank has shown is above 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. OceanFirst Bank has $2.25 billion in assets with $233.89 million in equity, resulting in a capitalization level of 10.39%, which is above average.

Institution Statistics

FDIC Certificate #28359
Year Established1902
Primary RegulatorOCC
Assets and Liabilities
Assets$2.25 billion
Loans$1.54 billion
Deposits$1.76 billion
Equity Capital$212.96 million
Loan Loss Allowance$20.93 million
Unbacked Noncurrent Loans$45.36 million
Real Estate Owned$4.35 million
Historic Data - December 2012
Assets$2.27 billion
Equity Capital$218.15 million
Loan Loss Allowance$20.51 million
Unbacked Noncurrent Loans$45.36 million
Real Estate Owned$3.21 million
Profit Margin - Quarterly
Net Interest Margin3.39%
Return on Assets0.75%
Return on Equity7.95%
Interest Income$81.07 million

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OceanFirst Bank has 26 locations. Click to view all OceanFirst Bank locations.