OceanFirst Bank, National Association
Toms River, New Jersey, Ocean County
$23.2B in total assets, the 96th largest of 4,309 US banks and 3rd of 50 headquartered in New Jersey.
- FDIC certificate
- 28359
- Established
- 1902
- Owned by
- Oceanfirst Financial Corp
- Primary regulator
- OCC
- Website
- www.oceanfirst.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $23.2B | 52% | $22.4B | |
| Loans | $16.3B | 56% | $14.4B | |
| Deposits | $18.0B | 49% | $18.4B | |
| Return on assets | 0.44% | 5% | 1.30% | |
| Net interest margin | 2.84% | 14% | 3.62% | |
| Efficiency ratio | 79.1% | 95% | 55.1% | |
| Equity to assets | 11.70% | 53% | 11.57% | |
| Loans to deposits | 91% | 66% | 87% |
Growth
Total assets grew 15.2% a year over the last 5 years and 19.1% a year over 10 years, including 6 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 2026 | Flushing Bank Uniondale, NY | $8.9B |
| Jan 2020 | Country Bank New York, NY | $796M |
| Jan 2020 | Two River Community Bank Tinton Falls, NJ | $1.1B |
| Jan 2019 | Capital Bank of New Jersey Vineland, NJ | $514M |
| Jan 2018 | Sun National Bank Mount Laurel, NJ | $2.1B |
| Nov 2016 | Ocean City Home Bank Ocean City, NJ | $1.1B |
| May 2016 | Cape Bank Cape May Court House, NJ | $1.6B |
| Jul 2015 | Colonial American Bank Middletown, NJ | $143M |
Where they operate
73 branches in 18 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Ocean County, NJ | $3.5B | 14.1% | 2 of 22 |
| Nassau County, NY | $3.4B | 3.4% | 7 of 33 |
| Monmouth County, NJ | $1.9B | 6.3% | 7 of 23 |
| Atlantic County, NJ | $1.7B | 23.7% | 2 of 11 |
| Queens County, NY | $1.6B | 2.0% | 9 of 52 |
| Cumberland County, NJ | $1.2B | 21.8% | 2 of 10 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 45 branches since 2016 (28 to 73, +160.7%). 8 opened, 93 acquired, 56 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 28 | |||
| 2016 | Acquired Cape Bank and Ocean City Home BankBought 1 branch from Sun National Bank, opened Sewell and Toms River | 30 | 0 | +30 | 58 |
| 2017 | Closed 11 in New Jersey | 0 | 11 | −11 | 47 |
| 2018 | Acquired Sun National BankClosed 3 in New Jersey | 16 | 3 | +13 | 60 |
| 2019 | Acquired Capital Bank of New JerseyClosed 6 in New Jersey | 3 | 6 | −3 | 57 |
| 2020 | Acquired Country Bank and Two River Community BankOpened Red Bank, closed 8 in New Jersey | 17 | 8 | +9 | 66 |
| 2021 | Opened PhiladelphiaClosed 14 in 2 states | 1 | 14 | −13 | 53 |
| 2022 | Sold 2 branches to First BankClosed 12 in New Jersey | 0 | 14 | −14 | 39 |
| 2023 | Opened New Brunswick | 1 | 0 | +1 | 40 |
| 2025 | Opened Melville and Perth Amboy | 2 | 0 | +2 | 42 |
| 2026 through Q2 | Acquired Flushing BankOpened New York | 31 | 0 | +31 | 73 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 44% | 25% | |
| 1-4 family residential | 26% | 21% | |
| Multifamily | 14% | 8% | |
| Business (C&I) | 9% | 17% | |
| Construction and land | 5% | 6% | |
| Consumer | 0% | 10% | |
| Other | 3% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 60% | 62% | |
| Time deposits | 23% | 18% | |
| Noninterest-bearing | 17% | 20% |
Brokered deposits are 6.7% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.79% | 0.63% |
| Net charge-offs, annualized | 0.03% | 0.14% |
| Reserves to loans | 1.29% | 1.14% |
| Leverage ratio | 12.62% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New Jersey
Largest competitors in Ocean County, NJ
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/oceanfirst