OceanFirst Financial (OCFC) 10-K 24 Feb 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 21, 2023	Jun. 30, 2022
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-11713
Entity Registrant Name	OceanFirst Financial Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-3412577
Entity Address, Address Line One	110 West Front Street
Entity Address, City or Town	Red Bank
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07701
City Area Code	732
Local Phone Number	240-4500
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,102,277,219
Entity Common Stock, Shares Outstanding		59,198,753
Documents Incorporated by Reference	Portions of the Proxy Statement for the 2023 Annual Meeting of Stockholders, which will be filed with the Securities and Exchange Commission within 120 days from December 31, 2022, are incorporated by reference into Part III of this Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0001004702
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common stock, $0.01 par value per share
Trading Symbol	OCFC
Security Exchange Name	NASDAQ
Depositary Shares
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing a 1/40th interest in a share of 7.0% Series A Non-Cumulative, perpetual preferred stock)
Trading Symbol	OCFCP
Security Exchange Name	NASDAQ

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	Philadelphia, Pennsylvania
Auditor Firm ID	34

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 167,946	$ 204,949
Debt securities available-for-sale, at estimated fair value (encumbered $239,953 at December 31, 2022 and $293,968 at December 31, 2021)	457,648	568,255
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,128 at December 31, 2022 and $1,467 at December 31, 2021 (estimated fair value of $1,110,041 at December 31, 2022 and $1,152,744 at December 31, 2021) (encumbered $778,268 at December 31, 2022 and $756,706 at December 31, 2021)	1,221,138	1,139,193
Equity investments (encumbered of $40,122 at December 31, 2021)	102,037	101,155
Restricted equity investments, at cost	109,278	53,195
Loans receivable, net of allowance for loan credit losses of $56,824 at December 31, 2022 and $48,850 at December 31, 2021	9,868,718	8,583,352
Loans held-for-sale	690	0
Interest and dividends receivable	44,704	32,606
Other real estate owned	0	106
Premises and equipment, net	126,705	125,828
Bank owned life insurance	261,603	259,207
Assets held for sale	2,719	6,229
Goodwill	506,146	500,319
Core deposit intangible	13,497	18,215
Other assets	221,067	147,007
Total assets	13,103,896	11,739,616
Liabilities and Stockholders’ Equity
Deposits	9,675,206	9,732,816
Federal Home Loan Bank ("FHLB") advances	1,211,166	0
Securities sold under agreements to repurchase with customers	69,097	118,769
Other borrowings	195,403	229,141
Advances by borrowers for taxes and insurance	21,405	20,305
Other liabilities	346,155	122,032
Total liabilities	11,518,432	10,223,063
Stockholders’ equity:
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, 57,370 shares issued at both December 31, 2022 and December 31, 2021	1	1
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,877,686 and 61,535,381 shares issued at December 31, 2022 and December 31, 2021, respectively; and 59,144,128 and 59,175,046 shares outstanding at December 31, 2022 and December 31, 2021, respectively	612	611
Additional paid-in capital	1,154,821	1,146,781
Retained earnings	540,507	442,306
Accumulated other comprehensive loss	(35,982)	(2,821)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP")	(6,191)	(8,615)
Treasury stock, 2,733,558 and 2,360,335 shares at December 31, 2022 and December 31, 2021, respectively	(69,106)	(61,710)
OceanFirst Financial Corp. stockholders’ equity	1,584,662	1,516,553
Non-controlling interest	802	0
Total stockholders’ equity	1,585,464	1,516,553
Total liabilities and stockholders’ equity	$ 13,103,896	$ 11,739,616

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Securities available-for-sale, encumbered	$ 239,953	$ 293,968
Allowance for credit loss	1,128	1,467
Securities held-to-maturity, net estimated fair value	1,110,041	1,152,744
Securities held-to-maturity, net encumbered	778,268	756,706
Equity investments, encumbered		40,122
Allowance for loan credit losses	$ 56,824	$ 48,850
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, liquidation preference	$ 1	$ 1
Preferred stock, shares authorized (shares)	5,000,000	5,000,000
Preferred stock, shares issued (shares)	57,370	57,370
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	150,000,000	150,000,000
Common stock, shares issued (shares)	61,877,686	61,535,381
Common stock, shares outstanding (shares)	59,144,128	59,175,046
Treasury stock, shares (shares)	2,733,558	2,360,335

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest income:
Loans	$ 390,386	$ 315,237	$ 349,221
Debt securities	34,407	22,033	24,116
Equity investments and other	6,382	4,822	6,271
Total interest income	431,175	342,092	379,608
Interest expense:
Deposits	31,021	25,210	48,290
Borrowed funds	22,677	11,544	18,367
Total interest expense	53,698	36,754	66,657
Net interest income	377,477	305,338	312,951
Credit loss expense (benefit)	7,768	(11,832)	59,404
Net interest income after credit loss expense (benefit)	369,709	317,170	253,547
Other income:
Bankcard services revenue	9,219	13,360	11,417
Net gain on sales of loans	358	3,186	8,278
Net gain on equity investments	9,685	7,145	21,214
Net gain (loss) from other real estate operations	48	(15)	35
Income from bank owned life insurance	6,578	6,832	6,424
Commercial loan swap income	7,065	4,095	8,080
Other	953	1,159	618
Total other income	59,094	51,931	73,926
Operating expenses:
Compensation and employee benefits	131,915	120,014	114,155
Occupancy	20,817	20,481	20,782
Equipment	4,987	5,443	7,769
Marketing	2,947	2,169	3,117
Federal deposit insurance and regulatory assessments	7,359	6,155	4,871
Data processing	23,095	21,570	17,467
Check card processing	4,971	5,182	5,458
Professional fees	12,993	11,043	12,247
FHLB advance prepayment fees	0	0	14,257
Amortization of core deposit intangible	4,718	5,453	6,186
Branch consolidation expense, net	713	12,337	7,623
Merger related expenses	2,735	1,503	15,947
Other operating expense	17,631	15,510	16,552
Total operating expenses	234,881	226,860	246,431
Income before provision for income taxes	193,922	142,241	81,042
Provision for income taxes	46,565	32,165	17,733
Net income	147,357	110,076	63,309
Net income attributable to non-controlling interest	754	0	0
Net income	146,603	110,076	63,309
Dividends on preferred shares	4,016	4,016	2,097
Net income available to common stockholders	142,587	106,060	61,212
Net income available to common stockholders	$ 142,587	$ 106,060	$ 61,212
Basic earnings per share (in dollars per share)	$ 2.43	$ 1.79	$ 1.02
Diluted earnings per share (in dollars per share)	$ 2.42	$ 1.78	$ 1.02
Average basic shares outstanding (in shares)	58,730	59,406	59,919
Average diluted shares outstanding (in shares)	58,878	59,649	60,072
Trust and asset management revenue
Other income:
Trust and asset management revenue and fees and service charges	$ 2,386	$ 2,336	$ 2,052
Fees and service charges
Other income:
Trust and asset management revenue and fees and service charges	$ 22,802	$ 13,833	$ 15,808

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 147,357	$ 110,076	$ 63,309
Other comprehensive (loss) income:
Unrealized (loss) gain on debt securities (net of tax benefit of $10,629 and $1,142 in 2022 and 2021, respectively, and tax expense of $411 in and 2020)	(33,402)	(3,837)	1,039
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $242, $272 and $310 in 2022, 2021, and 2020, respectively)	348	395	446
Unrealized loss on derivative hedges (net of tax benefit of $8 in 2022)	(25)	0	0
Reclassification adjustment on debt securities for (gains) loss included in net income (net of tax benefit of $26 in 2022 and tax expense of $101 in 2020)	(82)	0	344
Total other comprehensive (loss) income, net of tax	(33,161)	(3,442)	1,829
Total comprehensive income	114,196	106,634	65,138
Less: comprehensive income attributable to non-controlling interest	754	0	0
Total comprehensive income attributable to OceanFirst Financial Corp.	113,442	106,634	65,138
Less: Dividends on preferred shares	4,016	4,016	2,097
Total comprehensive income available to common stockholders	$ 109,426	$ 102,618	$ 63,041

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Unrealized holding gain (loss), before adjustment, tax	$ (10,629)	$ (1,142)	$ 411
Other comprehensive income accretion of fair value adjustment on held to maturity securities tax	242	$ 272	310
Other comprehensive income (loss), cash flow hedge, gain (loss), after reclassification, tax	(8)
Reclassification adjustment from AOCI for sale of securities, tax	$ (26)		$ 101

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Two River Bancorp Inc.	OCFCCountry Bank Holding Company Inc	Cumulative Effect, Period of Adoption, Adjustment	Employee Stock Ownership Plan	Preferred Stock	Common Stock	Common Stock Two River Bancorp Inc.	Common Stock OCFCCountry Bank Holding Company Inc	Additional Paid-In Capital	Additional Paid-In Capital Two River Bancorp Inc.	Additional Paid-In Capital OCFCCountry Bank Holding Company Inc	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive (Loss) Gain	Treasury Stock	Treasury Stock Two River Bancorp Inc.	Non-Controlling Interest	Non-Controlling Interest Two River Bancorp Inc.
Beginning Balance at Dec. 31, 2019	$ 1,153,119			$ (4)	$ (8,648)	$ 0	$ 519			$ 840,691			$ 358,668	$ (4)	$ (1,208)	$ (36,903)		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	63,309												63,309
Other comprehensive income (loss), net of tax	1,829														1,829
Stock compensation	4,258						2			4,256
Allocation of ESOP stock	1,135				1,215					(80)
Cash dividend	(40,820)												(40,820)
Exercise of stock options	1,241						2			2,027			(788)
Purchase shares of common stock	(14,814)															(14,814)
Proceeds from preferred stock issuance, net of costs	55,529					1				55,528
Preferred stock dividend	(2,097)												(2,097)
Acquisition of company		$ 148,609	$ 112,836					$ 42	$ 44		$ 122,501	$ 112,792					$ 26,066
Ending Balance at Dec. 31, 2020	1,484,130				(7,433)	1	609			1,137,715			378,268		621	(25,651)		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	110,076												110,076
Other comprehensive income (loss), net of tax	(3,442)														(3,442)
Stock compensation	5,415						0			5,415
Acquisition of common stock by ESOP	(3,200)				(3,200)
Allocation of ESOP stock	2,197				2,018					179
Cash dividend	(40,494)												(40,494)
Exercise of stock options	1,946						2			3,472			(1,528)
Purchase shares of common stock	(36,059)															(36,059)
Preferred stock dividend	(4,016)												(4,016)
Ending Balance at Dec. 31, 2021	1,516,553				(8,615)	1	611			1,146,781			442,306		(2,821)	(61,710)		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	147,357												146,603					754
Other comprehensive income (loss), net of tax	(33,161)														(33,161)
Stock compensation	6,638									6,638
Allocation of ESOP stock	2,506				2,424					82
Cash dividend	(43,495)												(43,495)
Exercise of stock options	424						1			1,320			(897)
Purchase shares of common stock	(7,396)															(7,396)
Preferred stock dividend	(4,016)												(4,016)
Acquisition of company		$ 836						$ 0			$ 0						$ 0		$ 836
Distribution to non-controlling interest	(782)						0			0			(6)					(788)
Ending Balance at Dec. 31, 2022	$ 1,585,464				$ (6,191)	$ 1	$ 612			$ 1,154,821			$ 540,507		$ (35,982)	$ (69,106)		$ 802

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividend per share (in dollars per share)	$ 0.74	$ 0.68	$ 0.68
Purchase of common stock shares (in shares)	373,223	1,711,484	648,851

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 147,357	$ 110,076	$ 63,309
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	11,683	9,357	8,453
Allocation of ESOP stock	2,506	2,197	1,135
Stock compensation	6,638	5,415	4,258
Net excess tax expense on stock compensation	216	93	123
Amortization of core deposit intangible	4,718	5,453	6,186
Net accretion of purchase accounting adjustments	(9,752)	(14,484)	(21,557)
Amortization of servicing asset	77	72	93
Net premium amortization in excess of discount accretion on securities	7,164	8,466	2,997
Net amortization of deferred costs on borrowings	548	824	553
Net amortization of deferred costs and discounts on loans	1,129	1,242	4,872
Credit loss expense (benefit)	7,768	(11,832)	59,404
Deferred tax provision (benefit)	1,777	3,608	(4,615)
Net gain on sale and write-down of other real estate owned	(54)	0	(390)
Net write-down of fixed assets held-for-sale to net realizable value	1,482	7,787	3,853
Net gain on sale of fixed assets	(38)	0	(6)
Net gain on equity investments	(9,685)	(7,145)	(21,214)
Net gain on sales of loans	(358)	(3,186)	(8,278)
Proceeds from sales of residential loans held for sale	12,616	102,648	171,263
Residential loans originated for sale	(13,158)	(53,938)	(213,428)
Increase in value of bank owned life insurance	(6,578)	(6,832)	(6,424)
Net gain on sale of assets held for sale	(1,959)	(318)	(21)
(Increase) decrease in interest and dividends receivable	(12,098)	2,663	(9,434)
(Increase) decrease in other assets	(80,233)	33,093	17,030
Increase (decrease) in other liabilities	178,684	(35,287)	74,494
Total adjustments	103,093	49,896	69,347
Net cash provided by operating activities	250,450	159,972	132,656
Cash flows from investing activities:
Net increase in loans receivable	(1,126,997)	(556,449)	(428,444)
Purchases of loans receivable	(171,623)	(301,954)	0
Premiums paid on purchased loan pools	(866)	(8,874)	0
Proceeds from sale of loans	13,388	825	449,462
Purchase of debt securities available-for-sale	(69,493)	(510,070)	(77,519)
Purchase of debt securities held-to-maturity	(249,751)	(447,447)	(224,073)
Purchase of equity investments	(9,366)	(86,462)	(96,519)
Proceeds from maturities and calls of debt securities available-for-sale	104,449	103,720	43,503
Proceeds from maturities and calls of debt securities held-to-maturity	30,241	38,042	53,959
Proceeds from sales of debt securities available-for-sale	30,257	3,000	10,598
Proceeds from sales of debt securities held-to-maturity	0	0	12,450
Proceeds from sales of equity investments	19,234	98,777	16,978
Principal repayments on debt securities available-for-sale	0	0	306
Principal repayments on debt securities held-to-maturity	135,417	215,734	186,687
Proceeds from bank owned life insurance	4,182	12,878	1,022
Proceeds from the redemption of restricted equity investments	234,627	2,200	78,190
Purchases of restricted equity investments	(290,710)	(3,267)	(59,525)
Proceeds from sales of other real estate owned	160	0	855
Proceeds from sales of assets held-for-sale	8,130	3,544	1,169
Purchases of premises and equipment	(16,107)	(42,039)	(14,728)
Purchases of operating lease equipment	(4,789)	0	0
Cash consideration received for acquisition	38,609	0	23,460
Net cash used in investing activities	(1,321,008)	(1,477,842)	(22,169)
Cash flows from financing activities:
Net (decrease) increase in deposits	(56,963)	407,569	1,507,943
Net payment for sale of branches	0	(86,282)	0
Decrease in short-term borrowings	(49,672)	(9,685)	(226,018)
Net proceeds from FHLB advances	1,211,166	0	525,000
Repayments of FHLB advances	0	0	(840,200)
Net proceeds from issuance of subordinated notes	0	0	122,180
Proceeds from Federal Reserve Bank advances	0	0	53,778
Repayments from Federal Reserve Bank advances	0	0	(53,778)
Repayments of other borrowings	(35,104)	(7,612)	(8,109)
Increase (decrease) in advances by borrowers for taxes and insurance	1,100	3,009	(2,803)
Exercise of stock options	424	1,946	1,241
Payment of employee taxes withheld from stock awards	(1,502)	(1,183)	(2,084)
Purchase of treasury stock	(7,396)	(36,059)	(14,814)
Net proceeds from the issuance of preferred stock	0	0	55,529
Acquisition of common stock by ESOP	0	(3,200)	0
Dividends paid	(47,511)	(44,510)	(42,917)
Distributions to non-controlling interest	(782)	0	0
Net cash provided by financing activities	1,013,760	223,993	1,074,948
Net (decrease) increase in cash and due from banks and restricted cash	(56,798)	(1,093,877)	1,185,435
Cash and due from banks and restricted cash at beginning of year	224,784	1,318,661	133,226
Supplemental disclosure of cash flow information:
Cash and due from banks at beginning of year	204,949	1,272,134	120,544
Restricted cash at beginning of year	19,835	46,527	12,682
Cash and due from banks at end of year	167,946	204,949	1,272,134
Restricted cash at end of year	40	19,835	46,527
Cash and due from banks and restricted cash at end of year	167,986	224,784	1,318,661
Cash paid during the year for:
Interest	49,700	37,381	66,454
Income taxes	25,383	50,524	5,742
Non-cash activities:
Accretion of unrealized loss on securities reclassified to held-to-maturity	590	667	756
Net loan (recoveries) charge-offs	(340)	(442)	18,859
Transfer of premises and equipment to assets held-for-sale	2,776	4,035	3,953
Transfer of debt securities from available-for-sale to held-to-maturity	0	12,721	0
Transfer of loans receivable to other real estate owned	0	0	106
Transfer of loans receivable to loans held-for-sale	13,178	0	444,543
Non-cash assets acquired:
Securities	0	0	208,880
Restricted equity investments	0	0	5,334
Loans	0	0	1,558,480
Other current assets	238	0	0
Premises and equipment	18	0	9,744
Right of use ("ROU") asset	779	0	0
Accrued interest receivable	0	0	4,161
Bank owned life insurance	0	0	22,440
Deferred tax asset	0	0	41
Other assets	81	0	10,073
Goodwill and other intangible assets, net	5,827	0	139,501
Total non-cash assets acquired	6,943	0	1,958,654
Liabilities assumed:
Deposits	0	0	1,594,403
Borrowings	0	0	92,618
Lease liability	779	0	0
Other liabilities	43,937	0	33,648
Total liabilities assumed	$ 44,716	$ 0	$ 1,720,669

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc.; the Bank’s direct and indirect wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., OceanFirst Management Corp., OceanFirst Realty Corp., Casaba Real Estate Holdings Corporation, and Country Property Holdings, Inc.; and a majority controlling interest in Trident Abstract Title Agency, LLC. Certain other subsidiaries were dissolved in 2022 and 2020 and are included in the consolidated financial statements for prior periods. All significant intercompany accounts and transactions have been eliminated in consolidation. Business The Bank provides a range of regional community banking services to retail and commercial customers through a network of branches and offices throughout New Jersey and in the major metropolitan areas of Philadelphia, New York, Baltimore, and Boston. The Bank is subject to competition from other financial institutions and certain technology companies. It is also subject to the regulations of certain regulatory agencies and undergoes periodic examinations by those regulatory authorities. Basis of Financial Statement Presentation The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). The preparation of the accompanying consolidated financial statements, in conformity with these accounting principles, requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for credit losses. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current and forecasted economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes, including in the economic environment, will be reflected in the financial statements in future periods. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, cash items in the process of collection, and interest-bearing deposits in other financial institutions. For purposes of the Consolidated Statements of Cash Flows, the Company considers all highly liquid debt instruments with original maturities of three months or less to be cash equivalents. Securities Securities include debt securities held-to-maturity (“HTM”) and debt securities available-for-sale (“AFS”). Debt securities include U.S. government and agency obligations, state, municipal and sovereign debt obligations, corporate debt securities, asset-backed securities, and mortgage-backed securities (“MBS”). Mortgage-backed securities include: agency residential mortgage-backed securities which are issued and guaranteed by either the Federal Home Loan Mortgage Corporation (“FHLMC”), the Federal National Mortgage Association (“FNMA”), or the Government National Mortgage Association (“GNMA”); agency commercial mortgage-backed securities which are issued and guaranteed by the Small Business Administration (“SBA”), or agency commercial mortgage-backed securities (“ACMBS”); and non-agency commercial mortgage-backed securities which are issued and guaranteed by commercial mortgage-backed securities (“CMBS”), and collateralized mortgage obligations (“CMOs”). Management determines the appropriate classification at the time of purchase. If management has the positive intent not to sell a security and the Company would not be required to sell such a security prior to maturity, the securities can be classified as HTM debt securities. Such securities are stated at amortized cost. Securities in the AFS category are securities which the Company may sell prior to maturity as part of its asset/liability management strategy. Such securities are carried at estimated fair value and unrealized gains and losses, net of related tax effect, are excluded from earnings, but are included as a separate component of stockholders’ equity and as part of other comprehensive income. Discounts and premiums on securities are accreted or amortized using the level-yield method over the estimated lives of the securities, including the effect of prepayments. Gains or losses on the sale of such securities are included in other income using the specific identification method. Upon the transfer of debt securities from AFS to HTM classification, unrealized gains or losses at the transfer date continue to be reflected in accumulated other comprehensive income and are amortized into interest income over the remaining life of the securities. Securities also include equity investments. Equity investments with readily determinable fair value are reported at fair value, with changes in fair value reported in net income. Equity investments without readily determinable fair values are carried at cost less impairment, if any, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Credit Losses for Available-for-Sale Debt Securities For AFS debt securities where fair value is less than amortized cost, the security is considered impaired when amounts are deemed uncollectible or when the Company intends, or more likely than not will be required, to sell the AFS debt security before recovery of the amortized cost basis. On a quarterly basis the Company evaluates the AFS debt securities for impairment. Securities that are in an unrealized loss position are reviewed to determine if a securities credit loss exists based on certain quantitative and qualitative factors. The primary factors considered in evaluating whether an impairment exists include: (a) the extent to which the fair value is less than the amortized cost basis, (b) the financial condition, credit rating and future prospects of the issuer, (c) whether the debtor is current on contractually obligated interest and principal payments, and (d) whether the Company intends to sell the security and whether it is more likely than not that the Company will not be required to sell the security. If a determination is made that an AFS debt security is impaired, the Company will estimate the amount of the unrealized loss that is attributable to credit and all other non-credit related factors. The credit related component will be recognized as a securities credit loss expense through an allowance for securities credit losses. The securities credit loss expense will be limited to the difference between the security’s amortized cost basis and fair value and any future changes may be reversed, limited to the amount previously expensed, in the period they occur. The non-credit related component will be recorded as an adjustment to accumulated other comprehensive income, net of tax. The evaluation of securities for impairment is a quantitative and qualitative process, which is subject to risks and uncertainties and is intended to determine whether declines in the estimated fair value of investments should be recognized in current period earnings. The risks and uncertainties include changes in general economic conditions, the issuer’s financial condition and/or future prospects, the effects of changes in interest rates or credit spreads, and the expected recovery period. Loans Receivable Loans receivable, other than loans held-for-sale, are stated at unpaid principal balance, plus unamortized premiums less unearned discounts, net of deferred loan origination and commitment fees and costs, and the associated allowance for loan credit losses. Loan origination and commitment fees and certain direct loan origination costs are deferred and the net fee or cost is recognized in interest income using the level-yield method over the contractual life of the specifically identified loans, adjusted for actual prepayments. For each loan class, a loan is considered past due when a payment has not been received in accordance with the contractual terms. Loans which are more than 90 days past due, and other loans in the process of foreclosure, are placed on non-accrual status. Interest income previously accrued on these loans, but not yet received, is reversed in the current period. Any interest subsequently collected is credited to income in the period of recovery only after the full principal balance has been brought current and has returned to accrual status. A loan is returned to accrual status when all amounts due have been received, payments remain current for a period of six months, and the remaining principal and interest are deemed collectible. Loans are charged-off in the period the loans, or portion thereof, are deemed uncollectible. The Company will record a loan charge-off to reduce a loan to the estimated fair value of the underlying collateral, less cost to sell, if it is determined that it is probable that recovery will come primarily from the sale of the collateral. Loans Held for Sale Loans held for sale are carried at the lower of unpaid principal balance, net, or estimated fair value on an aggregate basis. Estimated fair value is generally determined based on bid quotations from securities dealers. Allowance for Credit Losses (“ACL”) Under the current expected credit loss (“CECL”) model, the allowance for credit losses on financial assets is a valuation allowance estimated at each balance sheet date in accordance with GAAP that is deducted from the financial assets’ amortized cost basis to present the net amount expected to be collected on the financial assets. The CECL model also applies to certain off-balance sheet credit exposures. The Company estimates the ACL on loans based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to write-off accrued interest receivable by reversing interest income in a timely manner. Therefore, the Company has made a policy election to exclude accrued interest from the amortized cost basis and therefore excludes it from the measurement of the ACL. Expected credit losses are reflected in the ACL through a charge to credit loss expense. The Company’s estimate of the ACL reflects credit losses currently expected over the remaining contractual life of the assets. When the Company deems all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible. When available information confirms that specific financial assets, or portions thereof, are uncollectible, these amounts are charged off against the ACL. Subsequent recoveries, if any, are credited to the ACL when received. The Company measures the ACL of financial assets on a collective portfolio segment basis when the financial assets share similar risk characteristics. The Company has identified the following portfolio segments of financial assets with similar risk characteristics for measuring expected credit losses: commercial real estate - investor (including commercial real estate - construction and land), commercial real estate - owner occupied, commercial and industrial, residential real estate, consumer (including student loans) and HTM debt securities. The Company further segments the commercial loan portfolios by risk rating and the residential and consumer loan portfolios by delinquency. The HTM portfolio is segmented by rating category. The Company’s methodology to measure the ACL incorporates both quantitative and qualitative information to assess lifetime expected credit losses at the portfolio segment level. The quantitative component includes the calculation of loss rates using an open pool method. Under this method, the Company calculates a loss rate based on historical loan level loss experience for portfolio segments with similar risk characteristics. The historical loss rate is adjusted for select macroeconomic variables that consider both historical trends as well as forecasted trends for a single economic scenario. The adjusted loss rate is calculated for an eight quarter forecast period then reverts to the historical loss rate on a straight-line basis over four quarters. The Company differentiates its loss-rate method for HTM debt securities by looking to publicly available historical default and recovery statistics based on the attributes of issuer type, rating category and time to maturity. The Company measures expected credit losses of these financial assets by applying loss rates to the amortized cost basis of each asset taking into consideration amortization, prepayment and default assumptions. The Company considers qualitative adjustments to expected credit loss estimates for information not already captured in the loss estimation process. Qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Adjustments will not be made for information that has already been considered and included in the quantitative allowance. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in loan composition, performance trends, regulatory changes, uncertainty of macroeconomic forecasts, and other asset specific risk characteristics. Collateral Dependent Financial Assets For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable and where the borrower is experiencing financial difficulty, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. Fair value is generally calculated based on the value of the underlying collateral less an appraisal discount and the estimated cost to sell. Troubled Debt Restructured (“TDR”) Loans A loan that has been modified or renewed is considered a TDR when two conditions are met: (1) the borrower is experiencing financial difficulty and (2) concessions are made for the borrower's benefit that would not otherwise be considered for a borrower or transaction with similar credit risk characteristics. So long as they share similar risk characteristics, TDRs may be collectively evaluated and included in the Company’s existing portfolio segments to measure the ACL, unless the TDR is collateral dependent or has been individually evaluated. For TDRs individually evaluated that have been modified and the interest rate is the primary concession, the ACL is measured using a discounted cash flow method. Loans that were modified in accordance with the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act are not considered TDRs. Loan Commitments and Allowance for Loan Credit Losses on Off-Balance Sheet Credit Exposures Financial assets include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to loan credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for loan credit losses on off-balance sheet credit exposures through a charge to loan credit loss expense for off-balance sheet credit exposures. The ACL on off-balance sheet credit exposures is estimated by portfolio segment at each balance sheet date under the CECL model using the same methodologies as portfolio loans, taking into consideration management’s assumption of the likelihood that funding will occur, and is included in other liabilities on the Company’s Consolidated Statements of Financial Condition. Acquired Loans Acquired loans are recorded at fair value at the date of acquisition based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, loan term and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Certain acquired loans are grouped together according to similar risk characteristics and are aggregated when applying various valuation techniques. These cash flow evaluations are subjective as they require material estimates, all of which may be susceptible to significant change. Loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased with credit deterioration (“PCD”) loans. The Company evaluated acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) troubled debt restructured designation; (3) risk ratings of special mention, substandard or doubtful; (4) watchlist credits; and (5) delinquency status, including loans that were current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses was made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. For acquired loans not deemed PCD at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial allowance for expected credit losses is estimated and recorded as credit loss expense. The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans. Other Real Estate Owned (“OREO”) Other real estate owned is carried at the lower of cost or estimated fair value, less estimated costs to sell. When a property is acquired, the excess of the loan balance over estimated fair value is charged to the allowance for credit losses for loans. Operating results from other real estate owned, including rental income, operating expenses, gains and losses realized from the sales of other real estate owned, and subsequent write-downs are recorded as incurred. During 2022, the remaining OREO was sold and there was no OREO as of December 31, 2022. Premises and Equipment Land is carried at cost and premises and equipment, including leasehold improvements, are stated at cost less accumulated depreciation and amortization or, in the case of acquired premises, the estimated fair value on the acquisition date. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets or leases. Generally, depreciable lives are as follows: computer software and equipment: 3 years; furniture, fixtures and other electronic equipment: 5 years; building and leasehold improvements: 10 years; and buildings: 30 years. Depreciable assets are placed in service when they are in a condition for use and available for their designated function. The Company has not developed any internal use software. Repair and maintenance items are expensed and improvements are capitalized. Gains and losses on dispositions are reflected in branch consolidation expenses and other income. Leases The Company recognizes lease agreements on the Consolidated Statements of Financial Condition as a right-of-use (“ROU”) asset and a corresponding lease liability. The ROU asset and lease liability are calculated as the present value of the minimum lease payments over the lease term, discounted for the rate implicit in the lease, provided the rate is readily determinable; otherwise the Company utilizes its incremental borrowing rate, at lease inception, over a similar term. Income Taxes The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Any interest and penalties on taxes payable are included as part of the provision for income taxes. Bank Owned Life Insurance (“BOLI”) Bank owned life insurance is accounted for using the cash surrender value method and is recorded at its realizable value. Part of the Company’s BOLI is invested in a separate account insurance product, which is invested in a fixed income portfolio. The separate account includes stable value protection which maintains realizable value at book value with investment gains and losses amortized over future periods. Increases in cash surrender value are included in other non-interest income, while proceeds from death benefits are generally recorded as a reduction to the carrying value. Intangible Assets Intangible assets resulting from acquisitions, under the acquisition method of accounting, consists of goodwill and core deposit intangibles. Goodwill represents the excess of the purchase price over the estimated fair value of identifiable net assets acquired through purchase acquisitions. Goodwill with an indefinite useful life is not amortized, but is evaluated for impairment on an annual basis, or more frequently if events or changes in circumstances indicate potential impairment between annual measurement dates. The Company prepares a qualitative assessment, and if necessary, a quantitative assessment, in determining whether goodwill may be impaired. The factors considered in the qualitative assessment include macroeconomic conditions, industry and market conditions and overall financial performance of the Company, among other factors. Under a quantitative assessment, the Company will estimate the fair value of the Company by utilizing a weighted discounted cash flow method, guideline public company method, and transaction method. The Company completes its annual goodwill impairment test as of August 31 and evaluates triggering events during interim periods, as applicable. The Company completed its annual goodwill impairment test as of August 31, 2022. Based upon its qualitative assessment of goodwill, the Company concluded that goodwill was not impaired and no further quantitative analysis was warranted . At December 31, 2022, management concluded no events or circumstances occurred subsequent to August 31, 2022 that would trigger another impairment test. Segment Reporting The Company’s operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The Company operates throughout New Jersey and in the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston . Management makes operating decisions and assesses performance based on an ongoing review of the Company’s consolidated financial results. Therefore, management concluded the Company has a single operating segment for financial reporting purposes. Earnings Per Share Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding. Diluted earnings per share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding and potential common stock utilizing the treasury stock method. All share amounts exclude unallocated shares of stock held by the Company’s ESOP and by incentive plans. Stock-Based Compensation The Company recognizes compensation expense related to stock options and awards over the requisite service period, generally based on the instruments’ grant-date fair value, reduced by actual and estimated forfeitures. Certain performance-based stock awards and the associated compensation expense fluctuates based on the estimated probability of achievement of the Company-defined performance goals. Derivative Instruments The Com pany accounts for derivative financial instruments under ASC Topic 815, Derivatives and Hedging, which requires the Company to record all derivatives on the balance sheet at fair value. Accounting for changes in the fair value of a derivative depends on whether or not the derivative has been designated and qualifies for hedge accounting. For derivatives not designated as hedging instruments, changes in the fair value are recognized directly in earnings. For derivatives designated as hedging instruments, the accounting treatment is dependent upon the type of hedge. For the year ended December 31, 2022, the Company only had a cash flow hedge. Cash flow hedges are used to mitigate the variability in the cash flows of a specific pool of assets, or of forecasted transactions, caused by interest rate fluctuations. The changes in the fair value of cash flow hedges are initially reported in other comprehensive income. Amounts are subsequently reclassified from accumulated other comprehensive income to earnings when the hedged transactions occur, specifically within the same line item as the hedged item. To qualify for hedge accounting, the Company assesses the effectiveness of the derivative in offsetting the risk associated with the exposure being hedged, at inception and on a quarterly basis thereafter. The Company uses quantitative methods, such as regression analyses, and qualitative comparisons of critical terms and the evaluation of any changes in those terms. If it is determined that a derivat ive is not highly effective at hedging the designated exposure, hedge accounting is discontinued prospectively. Accounting Pronouncements Adopted in 2022 In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2019-12, “Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes” as part of an initiative to reduce complexity in accounting standards for income taxes. The amendments also improve consistent application of and simplify generally accepted accounting principles for other areas of Topic 740 by clarifying and amending existing guidance. This update was effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2021. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In December 2022, Financial Accounting Standards Board issued ASU 2022-06, “Deferral of the Sunset Date of Topic 848”, which was effective upon issuance. The amendments in this ASU defer the sunset date of Topic 848 (Reference Rate Reform) from December 31, 2022 to December 31, 2024. Topic 848, originally issued in 2020 and later amended in 2021, provides optional accounting expedients and exceptions for certain loan agreements, derivatives and other transactions affected by the transition away from LIBOR towards alternative reference rates. As of December 31, 2021, the Company adopted certain of these practical expedients in Topic 848 and will continue to apply prospectively until December 31 2024. The Company does not expect this update to have a material impact on its consolidated financial statements.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
Regulatory Matters	Regulatory MattersThe Company and the Bank are required by applicable regulations to maintain minimum levels of regulatory capital. Under the regulations in effect at December 31, 2022, the Company and the Bank were required to maintain a minimum ratio of Tier 1 capital to total average assets of 4.0%; a minimum ratio of common equity Tier 1 capital to risk-weighted assets of 7.0%; a minimum ratio of Tier 1 capital to risk-weighted assets of 8.5%; and a minimum ratio of total (core and supplementary) capital to risk-weighted assets of 10.5%. These ratios include the impact of the required 2.50% capital conservation buffer. Under the regulatory framework for prompt corrective action, federal regulators are required to take certain supervisory actions (and may take additional discretionary actions) with respect to an undercapitalized institution. Such actions could have a direct material effect on an institution’s financial statements. The regulations establish a framework for the classification of banking institutions into five categories: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized. Generally, an institution is considered well-capitalized if it has a Tier 1 capital rati o of 5.0%; a common equity Tier 1 risk-based ratio of at least 6.5%; a Tier 1 risk-based ratio of at least 8.0%; and a total risk-based capital ratio of at least 10.0%. At December 31, 2022 and 2021, the Company and the Bank exceeded all regulatory capital requirements currently applicable . The following is a summary of the Company’s and Bank’s regulatory capital amounts and ratios as of December 31, 2022 and 2021 compared to the regulatory minimum capital adequacy requirements and the regulatory requirements for classification as a well-capitalized institution then in effect (dollars in thousands): Actual For capital adequacy To be well-capitalized As of December 31, 2022 Amount Ratio Amount Ratio Amount Ratio Company: Tier 1 capital (to average assets) $ 1,150,690 9.43 % $ 488,297 4.00 % N/A N/A Common equity Tier 1 (to risk-weighted assets) 1,021,774 9.93 720,641 7.00 (1) N/A N/A Tier 1 capital (to risk-weighted assets) 1,150,690 11.18 875,064 8.50 (1) N/A N/A Total capital (to risk-weighted assets) 1,336,652 12.98 1,080,961 10.50 (1) N/A N/A Bank: Tier 1 capital (to average assets) $ 1,122,946 9.20 % $ 488,033 4.00 % $ 610,041 5.00 % Common equity Tier 1 (to risk-weighted assets) 1,122,946 11.02 713,194 7.00 (1) 662,251 6.50 Tier 1 capital (to risk-weighted assets) 1,122,946 11.02 866,021 8.50 (1) 815,078 8.00 Total capital (to risk-weighted assets) 1,183,705 11.62 1,069,791 10.50 (1) 1,018,848 10.00 As of December 31, 2021 Company: Tier 1 capital (to average assets) $ 1,044,518 9.22 % $ 453,087 4.00 % N/A N/A Common equity Tier 1 (to risk-weighted assets) 917,088 10.26 625,801 7.00 (1) N/A N/A Tier 1 capital (to risk-weighted assets) 1,044,518 11.68 759,902 8.50 (1) N/A N/A Total capital (to risk-weighted assets) 1,257,372 14.06 938,702 10.50 (1) N/A N/A Bank: Tier 1 capital (to average assets) $ 1,027,660 9.08 % $ 452,669 4.00 % $ 565,836 5.00 % Common equity Tier 1 (to risk-weighted assets) 1,027,660 11.62 619,178 7.00 (1) 574,951 6.50 Tier 1 capital (to risk-weighted assets) 1,027,660 11.62 751,860 8.50 (1) 707,633 8.00 Total capital (to risk-weighted assets) 1,079,766 12.21 928,768 10.50 (1) 884,541 10.00 (1) Includes the Capital Conservation Buffer of 2.50%. The Company and the Bank satisfied the criteria to be “well-capitalized” under the Prompt Corrective Action regulations. Capital distributions and certain discretionary bonus payments are limited if the capital conservation buffer of 2.50% is not maintained. Applicable regulations also impose limitations upon capital distributions by the Company, such as dividends and payments to repurchase or otherwise acquire shares. The Company may not declare or pay cash dividends on or repurchase any of its shares of common stock if the effect thereof would cause stockholders’ equity to be reduced below applicable regulatory capital minimum requirements or if such declaration and payment would otherwise violate regulatory requirements.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations Trident Acquisition On April 1, 2022, the Company completed its acquisition of a majority controlling interest of 60% in Trident. Trident provides commercial and residential title services throughout New Jersey, and through strategic alliances can also service clients’ title insurance needs outside of New Jersey. The acquisition is complimentary to the Company’s existing consumer and commercial lending business. Total consideration paid was $7.1 million and goodwill from the transaction amounted to $5.8 million. The acquisition was accounted for under the acquisition method of accounting. Under this method of accounting, the purchase price has been allocated to the respective assets acquired and liabilities assumed based upon their estimated fair values. The excess of consideration paid over the estimated fair value of the net assets acquired, excluding the net assets attributable to the non-controlling interest, has been recorded as goodwill. The Company consolidated Trident’s assets, liabilities and components of comprehensive income within its consolidated results. Thus, the consolidated results include amounts attributable to the Company and the non-controlling interest. Amounts attributable to the non-controlling interest are presented separately as a single line on the Consolidated Statements of Income (net income attributable to non-controlling interest) and the Consolidated Statements of Financial Condition (non-controlling interest in stockholders’ equity). Amounts attributed to the non-controlling interest are based upon the ownership interest in Trident that the Company does not own. For further discussion on the accounting for this arrangement refer to Note 18 Variable Interest Entity, of this Form 10-K. The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed by the Company at the date of the acquisition for Trident, net of total consideration paid (in thousands): At April 1, 2022 Estimated Total purchase price: $ 7,084 Assets acquired: Cash and cash equivalents $ 45,693 Other current assets 238 Premises and equipment 18 ROU asset 779 Other assets 81 Total assets acquired 46,809 Liabilities assumed: Lease liability 779 Other liabilities 43,937 Total liabilities assumed $ 44,716 Net assets acquired $ 2,093 Net assets attributable to non-controlling interest $ 836 Goodwill recorded $ 5,827 The calculation of goodwill is subject to change for up to one year after the date of acquisition as additional information relative to the closing date estimates and uncertainties become available. The Company finalized its review of the acquired assets and liabilities and will not be recording any further adjustments to the carrying value. Merger Related Expenses The Company incurred merger related expenses of $2.7 million, $1.5 million, and $15.9 million for the years ended December 31, 2022, 2021, and 2020, respectively. The following table summarizes the merger related expenses for the years ended December 31, 2022, 2021 and 2020: For the Year Ended December 31, 2022 2021 2020 (in thousands) Data processing fees $ 790 $ 253 $ 3,758 Professional fees 1,936 343 3,638 Employee severance payments 7 663 7,727 Other/miscellaneous fees 2 244 824 Merger related expenses $ 2,735 $ 1,503 $ 15,947 Merger related expenses for 2022 included expenses related to the terminated merger agreement with Partners Bancorp. Merger related expenses for 2021 and 2020 included expenses related to acquisitions of Two River and Country Bank, which were both completed on January 1, 2020. Core Deposit Intangibles The estimated future amortization expense for the core deposit intangibles over the next five years and thereafter is as follows (in thousands): For the Year Ending December 31, Amortization Expense 2023 $ 3,984 2024 3,250 2025 2,516 2026 1,784 2027 1,112 Thereafter 851 Total $ 13,497

Securities

Securities	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The amortized cost, estimated fair value, and allowance for securities credit losses of debt securities available-for-sale and held-to-maturity at December 31, 2022 and 2021 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Securities Credit Losses At December 31, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 87,648 $ 1 $ (7,635) $ 80,014 $ — Corporate debt securities 8,928 — (756) 8,172 — Asset-backed securities 296,222 — (19,349) 276,873 — Agency commercial MBS 110,606 — (18,017) 92,589 — Total debt securities available-for-sale $ 503,404 $ 1 $ (45,757) $ 457,648 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 260,249 $ 46 $ (24,940) $ 235,355 $ (60) Corporate debt securities 56,893 380 (3,778) 53,495 (1,059) Mortgage-backed securities: Agency residential 849,985 795 (83,586) 767,194 — Agency commercial 32,127 23 (1,189) 30,961 — Non-agency commercial 25,310 — (2,274) 23,036 (9) Total mortgage-backed securities 907,422 818 (87,049) 821,191 (9) Total debt securities held-to-maturity $ 1,224,564 $ 1,244 $ (115,767) $ 1,110,041 $ (1,128) Total debt securities $ 1,727,968 $ 1,245 $ (161,524) $ 1,567,689 $ (1,128) At December 31, 2021 Debt securities available-for-sale: U.S. government and agency obligations $ 164,756 $ 1,135 $ (471) $ 165,420 $ — Corporate debt securities 5,000 42 (11) 5,031 — Asset-backed securities 298,976 41 (1,489) 297,528 — Agency commercial MBS 101,142 57 (923) 100,276 — Total debt securities available-for-sale $ 569,874 $ 1,275 $ (2,894) $ 568,255 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 281,389 $ 10,185 $ (1,164) $ 290,410 $ (85) Corporate debt securities 68,823 1,628 (1,279) 69,172 (1,343) Mortgage-backed securities: Agency residential 756,844 6,785 (7,180) 756,449 — Agency commercial 4,385 7 (44) 4,348 — Non-agency commercial 32,107 362 (104) 32,365 (39) Total mortgage-backed securities 793,336 7,154 (7,328) 793,162 (39) Total debt securities held-to-maturity $ 1,143,548 $ 18,967 $ (9,771) $ 1,152,744 $ (1,467) Total debt securities $ 1,713,422 $ 20,242 $ (12,665) $ 1,720,999 $ (1,467) There was no allowance for securities credit losses on debt securities available-for-sale at December 31, 2022 and 2021. The following table presents the activity in the allowance for credit losses for debt securities held-to-maturity for the years ended December 31, 2022 and 2021 (in thousands): For the Years Ended, 2022 2021 Allowance for credit losses Beginning balance $ (1,467) $ (1,715) Credit loss benefit 339 248 Total ending allowance balance $ (1,128) $ (1,467) The Company monitors the credit quality of debt securities held-to-maturity on a quarterly basis through the use of internal credit analysis supplemented by external credit ratings. Credit ratings of BBB- or Baa3 or higher are considered investment grade. Where multiple ratings are available, the Company considers the lowest rating when determining the allowance for securities credit losses. Under this approach, the amortized cost of debt securities held-to-maturity at December 31, 2022, aggregated by credit quality indicator, are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of December 31, 2022 State, municipal and sovereign debt obligations $ 260,249 $ — $ 260,249 Corporate debt securities 41,900 14,993 56,893 Non-agency commercial MBS 25,310 — 25,310 Total debt securities held-to-maturity $ 327,459 $ 14,993 $ 342,453 During 2021 and 2013, the Bank transferred $12.7 million and $536.0 million, respectively, of previously designated available-for-sale securities to a held-to-maturity designation at estimated fair value. The securities transferred had an unrealized net loss of $209,000 and $13.3 million at the time of transfer in 2021 and 2013, respectively, which continues to be reflected in accumulated other comprehensive loss on the Consolidated Statement of Financial Condition, net of subsequent amortization, which is being recognized over the life of the securities. The carrying value of the debt securities held-to-maturity at December 31, 2022 and 2021 is as follows (in thousands): December 31, 2022 2021 Amortized cost $ 1,224,564 $ 1,143,548 Net loss on date of transfer from available-for-sale (13,556) (13,556) Allowance for securities credit losses (1,128) (1,467) Accretion of net unrealized loss on securities reclassified as held-to-maturity 11,258 10,668 Carrying value $ 1,221,138 $ 1,139,193 There were $108,000 of realized losses on debt securities for the year ended December 31, 2022. There were no realized gains or losses on debt securities for the year ended December 31, 2021. The realized gains/losses on debt securities is presented within other of the Consolidated Statement of Income. The amortized cost and estimated fair value of debt securities at December 31, 2022 by contractual maturity are shown below (in thousands): At December 31, 2022 Amortized Estimated Less than one year $ 41,088 $ 40,795 Due after one year through five years 167,126 154,288 Due after five years through ten years 224,954 207,054 Due after ten years 276,772 251,772 $ 709,940 $ 653,909 Actual maturities may differ from contractual maturities in instances where issuers have the right to call or prepay obligations with or without call or prepayment penalties. At December 31, 2022, corporate debt securities, state and municipal obligations, and asset-backed securities with an amortized cost of $62.9 million, $83.2 million, and $296.2 million, respectively, and an estimated fair value of $58.8 million, $78.2 million, and $276.9 million, respectively, were callable prior to the maturity date. Mortgage-backed securities are excluded from the above table since their effective lives are expected to be shorter than the contractual maturity date due to principal prepayments. The estimated fair value and unrealized losses for debt securities available-for-sale and held-to-maturity at December 31, 2022 and December 31, 2021, segregated by the duration of the unrealized losses, are as follows (in thousands): Less than 12 Months 12 Months or Longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized At December 31, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 27,232 $ (450) $ 52,782 $ (7,185) $ 80,014 $ (7,635) Corporate debt securities 4,735 (193) 3,437 (563) 8,172 (756) Asset-backed securities 143,392 (9,179) 133,481 (10,170) 276,873 (19,349) Agency commercial MBS 8,782 (1,675) 83,807 (16,342) 92,589 (18,017) Total debt securities available-for-sale 184,141 (11,497) 273,507 (34,260) 457,648 (45,757) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 133,492 (11,952) 97,135 (12,988) 230,627 (24,940) Corporate debt securities 11,783 (598) 36,152 (3,180) 47,935 (3,778) MBS: Agency residential 297,296 (12,404) 397,036 (71,182) 694,332 (83,586) Agency commercial 25,936 (1,150) 2,062 (39) 27,998 (1,189) Non-agency commercial 16,839 (1,621) 6,198 (653) 23,037 (2,274) Total MBS 340,071 (15,175) 405,296 (71,874) 745,367 (87,049) Total debt securities held-to-maturity 485,346 (27,725) 538,583 (88,042) 1,023,929 (115,767) Total debt securities $ 669,487 $ (39,222) $ 812,090 $ (122,302) $ 1,481,577 $ (161,524) At December 31, 2021 Debt securities available-for-sale: U.S. government and agency obligations $ 82,395 $ (471) $ — $ — $ 82,395 $ (471) Corporate debt securities 1,989 (11) — — 1,989 (11) Asset-backed securities 279,486 (1,489) — — 279,486 (1,489) Agency commercial MBS 80,726 (923) — — 80,726 (923) Total debt securities available-for-sale 444,596 (2,894) — — 444,596 (2,894) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 75,329 (1,063) 4,383 (101) 79,712 (1,164) Corporate debt securities 38,304 (1,279) — — 38,304 (1,279) MBS: Agency residential 445,399 (5,822) 50,133 (1,358) 495,532 (7,180) Agency commercial 2,255 (41) 886 (3) 3,141 (44) Non-agency commercial 10,722 (104) — — 10,722 (104) Total MBS 458,376 (5,967) 51,019 (1,361) 509,395 (7,328) Total debt securities held-to-maturity 572,009 (8,309) 55,402 (1,462) 627,411 (9,771) Total debt securities $ 1,016,605 $ (11,203) $ 55,402 $ (1,462) $ 1,072,007 $ (12,665) The Company concluded that debt securities were not impaired at December 31, 2022 based on a consideration of several factors. The Company noted that each issuer made all the contractually due payments when required. There were no defaults on principal or interest payments, and no interest payments were deferred. Based on management’s analysis of each individual security, the issuers appear to have the ability to meet debt service requirements over the life of the security. Furthermore, the change in net unrealized losses were primarily due to changes in the general credit and interest rate environment and not credit quality. Historically, the Company has not utilized securities sales as a source of liquidity and the Company’s liquidity plans include adequate sources of liquidity outside the securities portfolio. Equity Investments At December 31, 2022 and 2021, the Company held equity investments of $102.0 million and $101.2 million, respectively. The equity investments primarily comprised of select financial services institutions’ preferred and common stocks, investments in funds and other financial institutions. The realized and unrealized gains or losses on equity securities for the year ended December 31, 2022 and 2021 are shown in the table below (in thousands): For the Year Ended December 31, 2022 2021 Net gain on equity investments $ 9,685 $ 7,145 Less: Net gains recognized on equity investments sold 1,351 8,123 Unrealized gain (loss) recognized on equity investments still held $ 8,334 $ (978)

Loans Receivable, Net

Loans Receivable, Net	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Loans Receivable, Net	Loans Receivable, Net Loans receivable, net at December 31, 2022 and 2021 consisted of the following (in thousands): December 31, 2022 2021 Commercial: Commercial real estate - investor $ 5,171,952 $ 4,378,061 Commercial real estate - owner occupied 997,367 1,055,065 Commercial and industrial (1) 622,372 449,224 Total commercial 6,791,691 5,882,350 Consumer: Residential real estate 2,861,991 2,479,701 Home equity loans and lines and other consumer (“other consumer”) 264,372 260,819 Total consumer 3,126,363 2,740,520 Total loans receivable 9,918,054 8,622,870 Deferred origination costs, net of fees 7,488 9,332 Allowance for loan credit losses (56,824) (48,850) Total loans receivable, net $ 9,868,718 $ 8,583,352 (1) The commercial and industrial loans balance at December 31, 2022 and 2021 includes Paycheck Protection Program (“PPP”) loans of $1.6 million and $22.9 million, respectively. The Company categorizes all loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as: current financial information, historical payment experience, credit documentation, and current economic trends, among other factors. The Company evaluates risk ratings on an ongoing basis. The Company uses the following definitions for risk ratings: Pass : Loans classified as Pass are well protected by the paying capacity and net worth of the borrower. Special Mention : Loans classified as Special Mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Bank’s credit position at some future date. Substandard : Loans classified as Substandard are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the collection or the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful : Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The following tables summarize total loans by year of origination, internally assigned credit grades, and risk characteristics (in thousands): 2022 2021 2020 2019 2018 2017 and prior Revolving lines of credit Total December 31, 2022 Commercial real estate - investor Pass $ 1,144,763 $ 1,339,289 $ 555,937 $ 524,428 $ 220,999 $ 881,344 $ 450,787 $ 5,117,547 Special Mention — 2,508 192 17,094 — 12,818 2,188 34,800 Substandard — — — 893 — 18,180 532 19,605 Total commercial real estate - investor 1,144,763 1,341,797 556,129 542,415 220,999 912,342 453,507 5,171,952 Commercial real estate - owner occupied Pass 119,912 110,440 59,952 115,385 88,204 458,708 14,932 967,533 Special Mention — — — — 748 5,679 — 6,427 Substandard — — 3,750 2,037 4,817 12,803 — 23,407 Total commercial real estate - owner occupied 119,912 110,440 63,702 117,422 93,769 477,190 14,932 997,367 Commercial and industrial Pass 60,078 23,724 14,072 17,175 10,992 47,370 443,211 616,622 Special Mention — 7 — — — 250 1,680 1,937 Substandard — 21 76 1,083 301 2,212 120 3,813 Total commercial and industrial 60,078 23,752 14,148 18,258 11,293 49,832 445,011 622,372 Residential real estate (1) Pass 919,364 591,745 419,712 247,387 99,945 577,392 — 2,855,545 Special Mention — 193 1,514 204 59 2,407 — 4,377 Substandard — — — 656 286 1,127 — 2,069 Total residential real estate 919,364 591,938 421,226 248,247 100,290 580,926 — 2,861,991 Other consumer (1) Pass 24,069 24,111 15,440 15,471 39,057 108,818 34,851 261,817 Special Mention — — — 75 — 598 — 673 Substandard — — — 157 18 1,707 — 1,882 Total other consumer 24,069 24,111 15,440 15,703 39,075 111,123 34,851 264,372 Total loans $ 2,268,186 $ 2,092,038 $ 1,070,645 $ 942,045 $ 465,426 $ 2,131,413 $ 948,301 $ 9,918,054 (1) For residential real estate and other consumer loans, the Company evaluates credit quality based on the aging status of the loan and by payment activity. 2021 2020 2019 2018 2017 2016 and prior Revolving lines of credit Total December 31, 2021 Commercial real estate - investor Pass $ 1,387,753 $ 609,916 $ 535,551 $ 274,662 $ 375,646 $ 800,089 $ 255,613 $ 4,239,230 Special Mention — — 23,794 9,400 2,731 28,663 582 65,170 Substandard — 4,267 28,802 468 8,495 28,228 3,401 73,661 Total commercial real estate - investor 1,387,753 614,183 588,147 284,530 386,872 856,980 259,596 4,378,061 Commercial real estate - owner occupied Pass 116,355 71,196 125,212 91,531 109,232 449,966 10,913 974,405 Special Mention — — 1,365 3,829 479 14,371 2 20,046 Substandard — — 14,166 8,549 5,606 31,576 717 60,614 Total commercial real estate - owner occupied 116,355 71,196 140,743 103,909 115,317 495,913 11,632 1,055,065 Commercial and industrial Pass 42,955 22,573 22,878 16,404 8,671 50,887 271,818 436,186 Special Mention — — 231 350 85 172 3,645 4,483 Substandard — 457 2,281 813 198 2,029 2,777 8,555 Total commercial and industrial 42,955 23,030 25,390 17,567 8,954 53,088 278,240 449,224 Residential real estate (1) Pass 876,135 475,134 288,699 127,756 105,385 602,331 — 2,475,440 Special Mention — 212 — 61 — 1,313 — 1,586 Substandard — — — — 351 2,324 — 2,675 Total residential real estate 876,135 475,346 288,699 127,817 105,736 605,968 — 2,479,701 Other consumer (1) Pass 26,512 19,168 18,179 51,954 17,955 123,783 — 257,551 Special Mention — — — — — 322 — 322 Substandard — — — 18 — 2,928 — 2,946 Total other consumer 26,512 19,168 18,179 51,972 17,955 127,033 — 260,819 Total loans $ 2,449,710 $ 1,202,923 $ 1,061,158 $ 585,795 $ 634,834 $ 2,138,982 $ 549,468 $ 8,622,870 (1) For residential real estate and other consumer loans, the Company evaluates credit quality based on the aging status of the loan and by payment activity. An analysis of the allowance for credit losses on loans for the years ended December 31, 2022 and 2021 is as follows (in thousands): Commercial Real Estate - Investor Commercial Real Estate - Owner Occupied Commercial Residential Other Consumer Total For the Year Ended December 31, 2022 Allowance for credit losses on loans Balance at beginning of year $ 25,504 $ 5,884 $ 5,039 $ 11,155 $ 1,268 $ 48,850 Credit loss (benefit) expense (4,481) (1,569) 561 13,275 (152) 7,634 Charge-offs (8) (62) (60) (56) (387) (573) Recoveries 55 170 155 156 377 913 Balance at end of year $ 21,070 $ 4,423 $ 5,695 $ 24,530 $ 1,106 $ 56,824 For the Year Ended December 31, 2021 Allowance for credit losses on loans Balance at beginning of year $ 26,703 $ 15,054 $ 5,390 $ 11,818 $ 1,770 $ 60,735 Credit loss benefit (974) (9,190) (321) (761) (1,100) (12,346) Charge-offs (345) (65) (154) (254) (213) (1,031) Recoveries 120 85 124 352 811 1,492 Balance at end of year $ 25,504 $ 5,884 $ 5,039 $ 11,155 $ 1,268 $ 48,850 A loan is considered collateral dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral and, therefore, is classified as non-accruing. At December 31, 2022 and 2021, the Company had collateral dependent loans with an amortized cost balance as follows: commercial real estate - investor of $4.6 million and $3.6 million, respectively; commercial real estate - owner occupied of $4.0 million and $11.9 million, respectively; and commercial and industrial of $160,000 and $277,000, respectively. In addition, the Company had residential and consumer loans collateralized by residential real estate, which are in the process of foreclosure, with an amortized cost balance of $858,000 and $438,000 at December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021, the amount of foreclosed residential real estate property held by the Company was $0 and $106,000, respectively. The following table presents the recorded investment in non-accrual loans by loan portfolio segment as of December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Commercial real estate – investor $ 10,483 $ 3,614 Commercial real estate – owner occupied 4,025 11,904 Commercial and industrial 331 277 Residential real estate 5,969 6,114 Other consumer 2,457 3,585 Total non-accrual loans $ 23,265 $ 25,494 At December 31, 2022 and 2021, the non-accrual loans were included in the allowance for credit loss calculation and the Company did not recognize or accrue interest income on these loans. At December 31, 2022, there was one PPP loan for $14,000 that was past due greater than 90 days and still accruing interest. Per SBA guidelines, the SBA will pay accrued interest through the deferral period up to a maximum of 120 days past due. Given these servicing guidelines, PPP loans that are 90 to 120 days past due will be reported as accruing loans. At December 31, 2021, there was one loan for $46,000 that was 90 days or greater past due and still accruing interest that was fully paid on January 14, 2022. The following table presents the aging of the recorded investment in past due loans as of December 31, 2022 and 2021 by loan portfolio segment (in thousands). 30-59 60-89 90 Days or Greater Total Loans Not Total December 31, 2022 Commercial real estate – investor $ 217 $ 875 $ 3,700 $ 4,792 $ 5,167,160 $ 5,171,952 Commercial real estate – owner occupied 143 80 3,750 3,973 993,394 997,367 Commercial and industrial 159 47 180 386 621,986 622,372 Residential real estate 7,003 4,377 2,069 13,449 2,848,542 2,861,991 Other consumer 573 673 1,882 3,128 261,244 264,372 $ 8,095 $ 6,052 $ 11,581 $ 25,728 $ 9,892,326 $ 9,918,054 December 31, 2021 Commercial real estate – investor $ 1,717 $ 102 $ 1,709 $ 3,528 $ 4,374,533 $ 4,378,061 Commercial real estate – owner occupied 599 — 575 1,174 1,053,891 1,055,065 Commercial and industrial 25 151 277 453 448,771 449,224 Residential real estate 9,705 1,586 2,675 13,966 2,465,735 2,479,701 Other consumer 339 322 2,946 3,607 257,212 260,819 $ 12,385 $ 2,161 $ 8,182 $ 22,728 $ 8,600,142 $ 8,622,870 The Company classifies certain loans as TDRs when credit terms to a borrower in financial difficulty are modified. The modifications may include a reduction in rate, an extension in term, the capitalization of past due amounts, and/or the restructuring of scheduled principal payments. Residential real estate and consumer loans where the borrower’s debt is discharged in a bankruptcy filing are also considered TDR loans. For these loans, the Bank retains its security interest in the real estate collateral. At December 31, 2022 and 2021, TDR loans totaled $13.9 million and $23.6 million, respectively. At December 31, 2022 and 2021, there were $6.4 million and $11.3 million, respectively, of TDR loans included in the non-accrual loan totals. At December 31, 2022, the Company had a $590,000 specific reserve allocated to a loan that was classified as a TDR loan. At December 31, 2021, the Company had no specific reserves allocated to loans that were classified as TDRs. Non-accrual loans which become TDRs are generally returned to accrual status after six months of performance. In addition to the TDR loans included in non-accrual loans, the Company also has TDR loans classified as accruing loans, which totaled $7.5 million and $12.3 million at December 31, 2022 and 2021, respectively. The following table presents information about TDRs which occurred during the years ended December 31, 2022 and 2021 (dollars in thousands): Number Pre-modification Post-modification For the Year Ended December 31, 2022 Troubled debt restructurings: Commercial and industrial 1 $ 65 $ 65 Other consumer 8 1,237 1,378 For the Year Ended December 31, 2021 Troubled debt restructurings: Commercial real estate – investor 1 $ 4,903 $ 4,903 Commercial real estate – owner occupied 2 6,406 6,423 Residential real estate 3 244 336 Other consumer 3 39 49

Interest and Dividends Receivab

Interest and Dividends Receivable	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Interest and Dividends Receivable	Interest and Dividends Receivable Interest and dividends receivable at December 31, 2022 and 2021 are summarized as follows (in thousands): December 31, 2022 2021 Loans receivable $ 36,052 $ 26,208 Debt securities 7,634 5,753 Equity investments and other 1,018 645 Total interest and dividends receivable $ 44,704 $ 32,606

Premises and Equipment, Net

Premises and Equipment, Net	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Premises and Equipment, Net	Premises and Equipment, Net Premises and equipment, net of accumulated depreciation and amortization expense at December 31, 2022 and 2021 are summarized as follows (in thousands): December 31, 2022 2021 Land $ 15,916 $ 18,774 Buildings and improvements 131,837 94,573 Leasehold improvements 6,647 8,460 Furniture and equipment 34,692 30,314 Capitalized software 7,588 6,989 Finance lease 3,189 2,386 Other (1) 2,559 38,057 Total 202,428 199,553 Accumulated depreciation and amortization (75,723) (73,725) Total premises and equipment, net $ 126,705 $ 125,828 (1) 2021 included assets under construction of $36.2 million related to the expansion of the Company’s headquarters in Toms River, New Jersey, which was completed in 2022. In 2022, the Company’s headquarters in Toms River was classified within buildings and improvements. Depreciation and amortization expense for the years ended December 31, 2022, 2021, and 2020 amounted to $11.5 million, $9.4 million, and $8.5 million, respectively. Depreciation and amortization expense is presented within occupancy, equipment, and data processing expenses of the Consolidated Statement of Income.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2022
Banking and Thrift, Other Disclosure [Abstract]
Deposits	Deposits The major types of deposits at December 31, 2022 and 2021 were as follows (dollars in thousands): December 31, 2022 2021 Amount Weighted Amount Weighted Non-interest-bearing $ 2,101,308 — % $ 2,412,056 — % Interest-bearing checking 3,829,683 0.45 4,201,736 0.24 Money market deposit 714,386 0.57 736,090 0.06 Savings 1,487,809 0.07 1,607,933 0.03 Time deposits 1,542,020 2.34 775,001 0.95 Total deposits $ 9,675,206 0.60 % $ 9,732,816 0.19 % Accrued interest payable related to deposits was $2.0 million and $244,000 at December 31, 2022 and 2021, respectively. Time deposits included $117.7 million and $145.4 million in deposits of $250,000 or more at December 31, 2022 and 2021, respectively. Time deposits also include brokered deposits of $873.4 million and $25.0 million at December 31, 2022 and 2021, respectively. Time deposits at December 31, 2022 mature as follows (in thousands): For the Year Ending December 31, Time Deposit Maturities 2023 $ 1,042,730 2024 381,548 2025 81,524 2026 10,747 2027 19,565 Thereafter 5,906 Total $ 1,542,020 Interest expense on deposits for the years ended December 31, 2022, 2021 and 2020 was as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 Interest-bearing checking $ 11,344 $ 13,400 $ 19,395 Money market deposit 2,234 1,105 2,902 Savings 758 631 2,505 Time deposits 16,685 10,074 23,488 Total interest expense on deposits $ 31,021 $ 25,210 $ 48,290

Borrowed Funds

Borrowed Funds	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowed Funds	Borrowed Funds Borrowed funds are summarized as follows (dollars in thousands): December 31, 2022 2021 Amount Weighted Amount Weighted FHLB advances $ 1,211,166 4.59 % $ — — % Securities sold under agreements to repurchase with customers 69,097 0.16 118,769 0.16 Other borrowings 195,403 5.87 229,141 4.47 Total borrowed funds $ 1,475,666 4.55 % $ 347,910 3.00 % In March 2022, the Company redeemed $35.0 million of subordinated debt due September 30, 2026, which was reported in Other borrowings. The debt carried an interest rate of 4.14% based on a floating rate of three months LIBOR plus 392 basis points. The Company pledges certain securities and loans to secure various borrowings or borrowing capacity. The estimated fair value of securities pledged for the ability to draw on FHLB advances, access to the Federal Reserve discount window, and other borrowings and for other purposes required by law amounted to $935.4 million and $1.14 billion at December 31, 2022 and 2021, respectively, which included $105.3 million and $142.9 million at December 31, 2022 and 2021, respectively, pledged as collateral for securities sold under agreements to repurchase with customers. The securities pledged, which collateralize the repurchase agreements are delivered to the lender, with whom each transaction is executed, or to a third-party custodian. The lender, who may sell, loan or otherwise dispose of such securities to other parties in the normal course of their operations, agrees to resell to the Company substantially the same securities at the maturity of the repurchase agreements. The Company also pledges eligible mortgage loans to secure FHLB and Federal Reserve System (“FRB”) advances. At December 31, 2022, the Bank pledged $6.49 billion of eligible mortgage loans to secure FHLB and FRB advances. FHLB advances and repurchase agreements had contractual maturities at December 31, 2022 as follows (in thousands): FHLB Advances Repurchase Agreements For the Year Ended December 31, 2023 $ 1,209,500 $ 69,097 2025 1,666 — Total $ 1,211,166 $ 69,097 The other borrowings at December 31, 2022 included the following (in thousands): Type of Debt Stated Value Carrying Value Interest Rate Maturity Subordinated debt $ 125,000 $ 123,537 5.701 % (1) May 15, 2030 Trust preferred 10,000 8,123 3 month LIBOR plus 225 basis points (2) December 15, 2034 Trust preferred 30,000 23,589 3 month LIBOR plus 135 basis points (2) March 15, 2036 Trust preferred 5,000 5,000 3 month LIBOR plus 165 basis points (2) August 1, 2036 Trust preferred 7,500 7,500 3 month LIBOR plus 166 basis points (2) November 1, 2036 Trust preferred 10,000 7,922 3 month LIBOR plus 153 basis points (2) June 30, 2037 Trust preferred 10,000 10,000 3 month LIBOR plus 175 basis points (2) September 1, 2037 Trust preferred 10,000 7,798 3 month LIBOR plus 139 basis points (2) October 1, 2037 Finance lease 1,934 1,934 5.625 % July 31, 2029 Total $ 209,434 $ 195,403 (1) Adjusts to a floating rate of 509.5 basis points over 3 month Secured Overnight Financing Rate (“SOFR”) on May 15, 2025. (2) All trust preferred debt carry interest rates which adjust to a spread over LIBOR on a quarterly basis and are expected to convert to a spread over the SOFR upon LIBOR cessation. All of the trust preferred debt is currently callable. Interest expense on borrowings for the years ended December 31, 2022, 2021, and 2020 was as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 FHLB advances $ 10,365 $ — $ 7,018 Reverse repurchase agreements 159 253 562 Other borrowings 12,153 11,291 10,787 Total interest expense on borrowings $ 22,677 $ 11,544 $ 18,367

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes for the years ended December 31, 2022, 2021 and 2020 consisted of the following (in thousands): For the Year Ended December 31, 2022 2021 2020 Current Federal $ 32,981 $ 19,696 $ 15,731 State 11,807 8,861 6,617 Total current 44,788 28,557 22,348 Deferred Federal 2,231 3,228 (2,746) State (454) 380 (1,869) Total deferred 1,777 3,608 (4,615) Total provision for income taxes $ 46,565 $ 32,165 $ 17,733 Included in other comprehensive income was the income tax impact attributable to the unrealized gain/loss on debt securities and accretion of unrealized losses on debt securities reclassified to held-to-maturity arising during the year in the amount of $10.4 million, $870,000, and $721,000 for the years ended December 31, 2022, 2021 and 2020, respectively. The income tax provision reconciled to the income taxes that would have been computed at the statutory federal rate for the years ended December 31, 2022, 2021 and 2020 is as follows (dollars in thousands): For the Year Ended December 31, 2022 2021 2020 Income before provision for income taxes $ 193,922 $ 142,241 $ 81,042 Federal income tax, at statutory rates 21.0 % 21.0 % 21.0 % Computed “expected” federal income tax expense $ 40,724 $ 29,871 $ 17,019 Increase (decrease) in federal income tax expense resulting from State income taxes, net of federal benefit 8,927 7,223 3,751 Earnings on BOLI (1,381) (1,435) (1,349) Tax exempt interest (786) (768) (1,161) Merger related expenses 90 24 138 Stock compensation 26 (110) (136) Reclassification of certain tax effect from accumulated other comprehensive income (157) (173) (204) Research and development and other credits (471) (475) — Dividends received deduction (371) (510) — Other items, net (36) (1,482) (325) Total provision for income taxes $ 46,565 $ 32,165 $ 17,733 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2022 and 2021 are presented in the following table (in thousands): December 31, 2022 2021 Deferred tax assets: Allowance for credit losses on loans and debt securities HTM $ 14,887 $ 12,915 Other reserves 2,870 3,115 Incentive compensation 4,715 3,546 Deferred compensation 419 471 Stock plans 2,693 2,565 Unrealized losses on assets held-for-sale 1,080 1,626 Unrealized losses on AFS securities 11,849 1,332 Net operating loss carryforwards related to acquisition 23,100 28,057 Other, net 3,031 1,867 Federal and state alternative minimum tax 2,294 2,295 Total gross deferred tax assets 66,938 57,789 Deferred tax liabilities: Unrealized gain on equity securities (2,155) — Premises and equipment (4,362) (5,704) Deferred loan and commitment costs, net (1,937) (2,579) Purchase accounting adjustments (2,300) (2,056) Investments, discount accretion (365) (371) Total gross deferred tax liabilities (11,119) (10,710) Net deferred tax assets $ 55,819 $ 47,079 The Co mpany has federal net operating losses from the acquisitions of Colonial American Bank (“Colonial American”) and Sun Bancorp, Inc. (“Sun”). At December 31, 2022 and 2021, the net operating losses from Colonial American were $3.9 million and $4.3 million, respectively. These net operating losses are subject to annual limitation under Code Section 382 of approximately $330,000 , and will expire between 2029 and 2034. At December 31, 2022 and 2021, the net operating losses from Sun were $106.1 million and $129.4 million, respectively. These net operating losses are subject to annual limitation under Code Section 382 of approximately $23.3 million through 2022 and $9.3 million thereafter. These net operating losses will expire between 2029 and 2036. At both December 31, 2022 and 2021, the Company had $2.3 million of Alternative Minimum Tax (“ AMT”) Tax Credits that were part of the Sun acquisition. These credits are subject to the same Code Section 382 limitation as indic ated above but do not expire. At December 31, 2022, 2021 and 2020, the Company determi ned that it is not required to establish a valuation reserve for the remaining net deferred tax assets since it is “more likely than not” that the net deferred tax assets will be realized through future reversals of existing taxable temporary differences, future taxable income and tax planning strategies. The conclusion that it is “more likely than not” that the remaining net deferred tax assets will be realized is based on the history of earnings and the prospects for continued growth. Management will continue to review the tax criteria related to the recognition of deferred tax assets. Retained earnings at December 31, 2022 included approximately $10.8 million for which no deferred income tax liability has been recognized. This amount represents an allocation of income to bad debt deductions for tax purposes only for tax years prior to 1988. If the Bank were to liquidate, the entire amount would have to be recaptured and would create income for tax purposes only, which would be subject to the then-current corporate income tax rate. The Company’s federal and state income tax returns are routinely subject to examination by the Internal Revenue Service and New Jersey, New York, Pennsylvania, and several other state and city tax authorities the Company operates in. The Company believes the assumptions used to record tax-related assets or liabilities have been appropriate. However, such examinations may result in challenges to the tax return treatment applied by the Company to specific transactions. The Company is currently under examination by the New Jersey Department of Taxation in connection with the 2014 to 2017 tax years. As of December 31, 2022, the Company has not received any notices of proposed adjustments from this audit. The Company also received notification of an upcoming examination by the New York State Department of Taxation and Finance in connection with the 2019 to 2021 tax years. The tax years that remain subject to examination by the federal government and most state or city tax authorities include the tax years 2019 and forward. Excluding the above, the tax years that remain subject to examination by New Jersey are 2018 and forward. With the enactment of the Tax Reform on December 22, 2017, the federal corporate income tax rate was reduced from 35% to 21% effective January 1, 2018. Accounting guidance required that the effect of income tax law changes on deferred taxes be recognized as a component of income tax expense related to continuing operations, but also to items initially recognized in other comprehensive income. As a result of the reduction in the U.S. federal statutory income tax rate, the Company recognized an additional income tax benefit of $1.9 million for the year ended December 31, 2018 and additional income tax expense of $3.6 million for the year ended December 31, 2017. Because accounting guidance requires the effect of income tax law changes on deferred taxes to be recognized as a component of income tax expense related to continuing operations, this additional income tax expense included $1.8 million related to items recognized in other comprehensive income. These amounts will continue to be reported as separate components of accumulated other comprehensive income until such time as the underlying transactions from which such amounts arose are settled through continuing operations. At such time, the reclassification from accumulated other comprehensive income will be recognized as a net tax benefit. The amount included in accumulated other comprehensive income at December 31, 2022, subject to reclassification, was $550,000 . There were no

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Stock Ownership Plan	Employee Stock Ownership Plan The Bank maintains an ESOP which all full-time employees are eligible to participate in after they attain age 21 and complete one year of service during which they work at least 1000 hours. ESOP shares are allocated among participants on the basis of compensation earned during the year. Employees are fully vested in their ESOP account after the completion of five years of credited service or completely, if service was terminated due to death, retirement, disability or change in control of the Company. ESOP participants are entitled to receive distributions from the ESOP account only upon termination of service, which includes retirement and death, except that a participant may elect to have dividends distributed as a cash payment on a quarterly basis. The ESOP originally borrowed $13.4 million from the Company to purchase 2,013,137 shares of common stock. In 1998, the initial loan agreement was amended to allow the ESOP to borrow an additional $8.2 million in order to fund the purchase of 633,750 shares of common stock. At the same time, the term of the loan was extended from the initial 12 years to 30 years. In 2018, the loan agreement was amended (“amended loan”) to allow the ESOP to borrow an additional $8.4 million in order to fund the purchase of 292,592 shares of common stock. At the same time, the fixed interest rate of the loan was reduced from 8.25% to 3.25%. On November 9, 2021, the ESOP borrowed an additional $3.2 million from the Company to fund the purchase of 145,693 shares of common stock (“2021 loan”), and the loan had a fixed interest rate of 0.22% that matures on December 31, 2023. Both the amended loan and 2021 loan are to be repaid from contributions by the Bank to the ESOP trustee. The Bank is required to make contributions to the ESOP in amounts at least equal to the principal and interest requirement of both debts. The Bank’s obligation to make such contributions is reduce d to the extent of any dividends paid by the Company on unallocated shares and any investment earnings realized on such dividends. As of December 31, 2022 and 2021, contributions to the ESOP, which were used to fund principal and interest payments on the ESOP loans, totaled $2.7 million and $2.3 million, respectively. During 2022 and 2021, $245,000 and $268,000, respectively, of dividends paid on unallocated ESOP shares were used for debt service. At December 31, 2022 and 2021, the loan had an outstanding balance of $6.8 million and $9.2 million, respectively, and the ESOP had unallocated shares of 317,343 and 437,725, respectively. At December 31, 2022, the unallocated shares had a fair value of $6.7 million. The unamortized balance of the ESOP is shown as unallocated common stock held by the ESOP and is reflected as a reduction of stockholders’ equity. For the years ended December 31, 2022, and 2021, the Bank recorded compensation expense related to the ESOP of $2.5 million and $2.2 million, respectively, which included $82,000 and $179,000, respectively, of additional compensation expense to reflect the increase in the average fair value of shares committed to be released and allocated shares in excess of the Bank’s cost. For the year ended December 31, 2020, the Bank recorded compensation expense related to the ESOP of $1.1 million including $80,000 related to a decrease in compensation expense to reflect the decrease in the average fair value of shares committed to be released and allocated shares below the Bank’s cost. As of December 31, 2022, 2,645,342 shares had been allocated to participants and 120,382 shares were committed to be released for services rendered in 2022.

Incentive Plans

Incentive Plans	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Incentive Plans	Incentive Plans The Company offers long-term incentive plans that provide for the granting of stock awards (both time-vested and performance-based) and stock options, as well as phantom stock units. The Company has established these plans to attract and retain qualified personnel in key positions, provide officers, employees, and non-employee directors with a proprietary interest in the Company as an incentive to contribute to the success of the Company, align the interests of management with those of other stockholders and reward employees for outstanding performance. All officers, other employees, and non-employee directors of the Company and its affiliates are eligible to receive awards under the plans. Overview of Incentive Plans The OceanFirst Financial Corp. 2011 Stock Incentive Plan, which authorized the granting of stock options or awards of common stock, was approved by stockholders in 2011. This plan was subsequently amended in 2017 to increase the number of authorized shares available for grant and to update the performance goals under which performance-based awards may be granted. The OceanFirst Financial Corp. 2020 Stock Incentive Plan, which also authorized the granting of stock options or awards of common stock, was approved by stockholders in 2020. This plan was subsequently amended in 2021 to increase the number of shares authorized for issuance through equity awards. The following table presents the amount of the plans’ authorized shares and those that remain available for issuance as of December 31, 2022. Both plans allowed the Company to authorize shares subject to options or, in lieu of options, shares in the form of stock awards. Authorized Awards Authorized but Not Issued Stock Options or Stock Awards Stock Options or Stock Awards 2020 Plan 6,950,000 2,780,000 4,354,574 1,741,830 2011 Plan 4,000,000 1,600,000 200,003 80,001 Total 10,950,000 4,380,000 4,554,577 1,821,831 Stock Awards The Company grants time-based and performance-based stock awards. Time-based awards vest ratably, and generally have a three five- year performance goals for each metric are aligned with corresponding tiered vesting values and have been set using financial data from the applicable strategic plan as approved by the Board. The Company granted performance-based stock awards in 2022, 2021 and 2020. The 2022 performance-based stock awards were issued with a three year cliff vesting schedule and the 2021 and 2020 performance-based stock awards vest in equal amounts over a four The 2022 performance-based stock awards include market-based condition awards. The fair value of these awards were estimated through the use of the Monte Carlo valuation model applying the following assumptions: 2022 Risk-free interest rate 1.36 % Expected performance period 2.9 years Expected volatility 41.10 % The risk-free interest rate is based on the U.S Treasury rate, at valuation date, with a term equal to the expected performance period. The expected performance period reflects the remaining term of the awards’ performance period. Expected volatility is based on actual historical results. A summary of the granted but unvested stock award activity, which included both time- and performance-based stock awards, for the years ended December 31, 2022, 2021 and 2020 is as follows: 2022 2021 2020 Number Weighted Number Weighted Number Weighted Outstanding at beginning of year: 778,971 $ 22.30 575,996 $ 23.42 451,443 $ 25.61 Granted 279,750 21.47 388,392 21.53 256,649 20.38 Vested (190,094) 23.14 (126,292) 24.04 (96,564) 24.41 Forfeited (33,287) 22.17 (59,125) 24.39 (35,532) 26.56 Outstanding at end of year 835,340 $ 21.84 778,971 $ 22.30 575,996 $ 23.42 Stock Options The Company’s stock options expire 10 years from the date of grant and generally vest at a rate of 20% per year. The exercise price of each option equals the closing market price of the Company’s stock on the grant date. The Company typically issues treasury shares or authorized but unissued shares to satisfy stock option exercises. The Company did not grant stock options for the years ended December 31, 2022 and 2021. The fair value of stock options granted in 2020 was estimated through the use of the Black-Scholes option pricing model applying the following assumptions: 2020 Risk-free interest rate 1.03 % Expected option life 7 years Expected volatility 23 % Expected dividend yield 3.33 % Weighted average fair value of an option share granted during the year $ 2.93 Intrinsic value of options exercised during the year (in thousands) 2,499 The risk-free interest rate is based on the U.S. Treasury rate with a term equal to the expected option life. The expected option life conforms to the Company’s actual experience. Expected volatility is based on actual historical results. A summary of option activity for the years ended December 31, 2022, 2021 and 2020 is as follows: 2022 2021 2020 Number Weighted Number Weighted Number Weighted Outstanding at beginning of year 2,458,255 $ 21.02 2,838,867 $ 20.67 2,424,032 $ 19.80 Granted — — — — 699,651 20.44 Exercised (217,038) 14.17 (264,717) 14.80 (213,506) 9.50 Forfeited — — (1,828) 23.78 (6,357) 21.26 Expired (30,533) 23.68 (114,067) 26.62 (64,953) 22.51 Outstanding at end of year 2,210,684 $ 21.66 2,458,255 $ 21.02 2,838,867 $ 20.67 Options exercisable 1,645,901 1,583,521 1,596,927 The following table summarizes information about stock options outstanding at December 31, 2022: Options Outstanding Options Exercisable Exercise Prices Number Weighted Weighted Number Weighted Weighted $11.70 to $16.03 194,374 0.3 years $ 14.19 194,374 0.3 years $ 14.19 16.04 to 20.36 464,706 2.2 17.45 464,706 2.2 17.45 20.37 to 24.69 733,485 6.9 20.55 334,172 6.6 20.68 24.70 to 29.01 818,119 5.2 26.82 652,649 5.0 27.16 2,210,684 4.7 years $ 21.66 1,645,901 4.0 years $ 21.57 The aggregate intrinsic value for stock options outstanding and stock options exercisable at December 31, 2022 was $3.7 million and $3.4 million, respectively. Phantom Stock Units In 2022, the Company also established the OceanFirst Bank Phantom Equity Plan to issue phantom stock units to select senior management employees. The phantom stock units are liability-classified time-based awards, which vest ratably over a three five- year Compensation Expense The compensation expense for stock awards, stock options and phantom stock units were as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 Stock awards $ 5,698 $ 4,161 $ 2,792 Stock options 940 1,244 1,466 Phantom stock units 554 — — Total $ 7,192 $ 5,405 $ 4,258

Commitments, Contingencies and

Commitments, Contingencies and Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Concentrations of Credit Risk	Commitments, Contingencies, and Concentrations of Credit RiskThe Company, in the normal course of business, is party to financial instruments and commitments which involve, to varying degrees, elements of risk in excess of the amounts recognized in the consolidated financial statements. These financial instruments and commitments include unused consumer lines of credit, construction loan lines of credit, commercial lines of credit, and commitments to extend credit. At December 31, 2022, the following commitments and contingent liabilities existed which are not reflected in the accompanying consolidated financial statements (in thousands): December 31, 2022 Unused consumer and residential construction loan lines of credit (primarily floating-rate) $ 410,902 Unused commercial and commercial construction loan lines of credit (primarily floating-rate) 1,368,017 Other commitments to extend credit: Fixed-rate 59,526 Adjustable-rate 11,280 Floating-rate 95,274 The Company’s fixed-rate loan commitments expire within 90 days of issuance and carried interest rates ranging from 4.50% to 9.50% at December 31, 2022. At December 31, 2022, the Company had $7.5 million of unfunded capital commitments related to investment funds. The Company’s maximum exposure to credit losses in the event of nonperformance by the other party to these financial instruments and commitments is represented by the contractual amounts. The Company uses the same credit policies in granting commitments and conditional obligations as it does for financial instruments recorded in the Consolidated Statements of Financial Condition. These commitments and obligations do not necessarily represent future cash flow requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s assessment of risk. Substantially all of the unused consumer and construction loan lines of credit are collateralized by mortgages on real estate. At December 31, 2022, the Company is obligated under noncancelable operating leases for premises and equipment. Rental and lease expense under these leases were $6.3 million, $7.2 million, and $7.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. Refer to Note 17 Leases for the projected minimum lease commitments as of December 31, 2022. The Company grants residential real estate and first mortgage commercial real estate loans to borrowers primarily located throughout New Jersey and the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston. The ability of borrowers to repay their obligations is dependent upon various factors including the borrowers’ income, net worth, cash flows generated by the underlying collateral, value of the underlying collateral, and priority of the Company’s lien on the property. Such factors are dependent upon various economic conditions and individual circumstances beyond the Company’s control. The Company is, therefore, subject to risk of loss. A decline in real estate values could cause some residential and commercial real estate loans to become inadequately collateralized, which would expose the Company to a greater risk of loss. The Company believes its lending policies and procedures adequately minimize the potential exposure to such risks and collateral and/or guarantees are required for most loans. The Company is a defendant in certain claims and legal actions arising in the ordinary course of business. Management and its legal counsel are of the opinion that the ultimate disposition of these matters will not have a material adverse effect on the Company’s consolidated financial condition, results of operations, or liquidity.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following reconciles average shares outstanding for basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 (in thousands): December 31, 2022 2021 2020 Weighted average shares outstanding 59,219 59,873 60,358 Less: Unallocated ESOP shares (378) (360) (426) Unallocated incentive award shares (111) (107) (13) Average basic shares outstanding 58,730 59,406 59,919 Add: Effect of dilutive securities: Incentive awards 148 243 153 Average diluted shares outstanding 58,878 59,649 60,072 For the years ended December 31, 2022, 2021 and 2020, antidilutive stock options of 1,544,000, 1,566,000, and 2,242,000, respectively, were excluded from the earnings per share calculations.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact, and (iv) willing to transact. The Company uses valuation techniques that are consistent with the market approach, the income approach, and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement costs). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability and developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability and developed based on the best information available in the circumstances. In that regard, a fair value hierarchy has been established for valuation inputs that gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (for example, interest rates, volatilities, prepayment speeds, loss severities, credit risks and default rates) or inputs that are derived principally from or corroborated by observable market data by correlations or other means. Level 3 Inputs – Significant unobservable inputs that reflect an entity’s own assumptions that market participants would use in pricing the assets or liabilities. Assets and Liabilities Measured at Fair Value A description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis, that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Debt Secur ities Available-for-Sale Debt securities classified as available-for-sale are reported at fair value. Fair value for these debt securities is determined using inputs other than quoted prices that are based on market observable information (Level 2 ). Level 2 debt securities are priced through third-party pricing services or s ecurity industry sources that actively participate in the buying and selling of securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing is a mathematical technique used principally to value certain debt securities without relying exclusively on quoted prices for the specific securities, but comparing the debt securities to benchmark or comparable debt securities. Equity Investments Equity investments with readily determinable fair value are reported at fair value. Fair value for these investments is primarily determined using a quoted price in an active market or exchange (Level 1) or using inputs other than quoted prices that are based on market observable information (Level 2). Fair value for certain securities, including convertible preferred stock, was determined using broker or dealer quotes with limited levels of activity and price transparency (Level 3). Equity investments without readily determinable fair values are carried at cost less impairment, if any, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer (measurement alternative). Certain equity investments without readily determinable fair values are measured at net asset value (“NAV”) per share as a practical expedient, which are excluded from the fair value hierarchy levels in the table below. Interest Rate Derivatives The Company’s interest rate swaps and cap contracts are reported at fair value utilizing discounted cash flow models provided by an independent, third-party and observable market data (Level 2). When entering into an interest rate swap or cap contract, the Company is exposed to fair value changes due to interest rate movements, and also the potential nonperformance of the contract counterparty. Other Real Estate Owned and Loans Individually Measured for Impairment Other real estate owned and loans measured for impairment based on the fair value of the underlying collateral are recorded at estimated fair value, less estimated selling costs. Fair value is based on independent appraisals (Level 3). The following table summarizes financial assets and financial liabilities measured at fair value as of December 31, 2022 and 2021, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Fair Value Measurements at Reporting Date Using: Total Fair Level 1 Level 2 Level 3 December 31, 2022 Items measured on a recurring basis: Debt securities available-for-sale $ 457,648 $ — $ 457,648 $ — Equity investments 61,942 430 61,511 — Interest rate derivative assets 113,420 — 113,420 — Interest rate derivative liability (113,473) — (113,473) — Items measured on a non-recurring basis: Equity investments (1) (2) 40,095 — — 37,076 Loans measured for impairment based on the fair value of the underlying collateral (3) 9,635 — — 9,635 December 31, 2021 Items measured on a recurring basis: Debt securities available-for-sale $ 568,255 $ — $ 568,255 $ — Equity investments 90,726 14,608 73,400 2,718 Interest rate derivative assets 22,787 — 22,787 — Interest rate derivative liability (22,855) — (22,855) — Items measured on a non-recurring basis: Equity investments 10,429 — — 10,429 Other real estate owned 106 — — 106 Loans measured for impairment based on the fair value of the underlying collateral (3) 16,233 — — 16,233 (1) Primarily consists of $37.1 million of equity investments measured under the measurement alternative, which included $20.0 million of unrealized gains as a result of observable price changes in the investments for the year ended December 31, 2022. (2) Equity investments of $40.1 million includes $3.0 million of certain equity investment funds measured at NAV per share (or its equivalent) as a practical expedient to fair value and these equity investments have not been classified in the fair value hierarchy levels. (3) Primarily consists of commercial loans, which are collateral dependent. The amounts are based on independent appraisals, which may be adjusted by management for qualitative factors, such as economic factors and estimated liquidation expenses. The range may vary but is generally 0% to 8% on the discount for costs to sell and 0% to 10% on appraisal adjustments. The following table reconciles, for the year ended December 31, 2022 and 2021, the beginning and ending balances for equity investments that are recognized at fair value on a recurring basis, in the Consolidated Statements of Financial Condition, using significant unobservable inputs (in thousands): For the Year Ended December 31, 2022 2021 Beginning balance $ 2,718 $ 2,540 Total gains included in earnings — 178 Transfers out of Level 3 (2,718) — Ending balance $ — $ 2,718 The Company recognizes transfers between levels of the valuation hierarchy at the end of the applicable reporting periods. During the year ended December 31, 2022, the Company executed its right to convert $2.7 million of preferred stock into common stock, which resulted in a transfer from Level 3 into Level 1. There were no transfers into or out of Level 3 assets or liabilities in the fair value hierarchy for the year ended December 31, 2021. Assets and Liabilities Disclosed at Fair Value A description of the valuation methodologies used for assets and liabilities disclosed at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Cash and Due from Banks For cash and due from banks, the carrying amount approximates fair value. Debt Securities Held-to-Maturity Debt securities classified as held-to-maturity are carried at amortized cost, as the Company has the positive intent and ability to hold these debt securities to maturity. The Company determines the fair value of the debt securities utilizing Level 2 and, infrequently, Level 3 inputs. Most of the Company’s debt securities are fixed income instruments that are not quoted on an exchange, but are bought and sold in active markets. Prices for these instruments are obtained through third-party pricing vendors or security industry sources that actively participate in the buying and selling of debt securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing is a mathematical technique used principally to value certain debt securities without relying exclusively on quoted prices for the specific debt securities, but comparing the debt securities to benchmark or comparable debt securities. Management’s policy is to obtain and review all available documentation from the third-party pricing service relating to their fair value determinations, including their methodology and summary of inputs. Management reviews this documentation, makes inquiries of the third-party pricing service and decides as to the level of the valuation inputs. Based on the Company’s review of the available documentation from the third-party pricing service, management concluded that Level 2 inputs were utilized for all securities except for certain state and municipal obligations, known as bond anticipation notes, as well as certain debt securities where management utilized Level 3 inputs, such as broker or dealer quotes with limited levels of activity and price transparency. Restricted Equity Investments The fair value for Federal Home Loan Bank of New York, Federal Reserve Bank stock, and Atlantic Community Bankers Bank is its carrying value since this is the amount for which it could be redeemed. There is no active market for this stock and the Company is required to maintain a minimum investment as stipulated by the respective entities. Loans Receivable and Loans Held-for-Sale Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as residential real estate, consumer and commercial. Each loan category is further segmented into fixed and adjustable rate interest terms. Fair value of performing and non-performing loans was estimated by discounting the future cash flows, net of estimated prepayments, at a rate for which similar loans would be originated to new borrowers with similar terms. The fair value of loans was measured using the exit price notion. Deposits Other than Time Deposits The fair value of deposits with no stated maturity, such as non-interest-bearing demand deposits, savings, and interest-bearing checking accounts and money market accounts is, by definition, equal to the amount payable on demand. The related insensitivity of the majority of these deposits to interest rate changes creates a significant inherent value which is not reflected in the fair value reported. Time Deposits The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. Securities Sold Under Agreements to Repurchase with Customers Fair value approximates the carrying amount as these borrowings are payable on demand and the interest rate adjusts monthly. FHLB Advances and Other Borrowings Fair value estimates are based on discounting contractual cash flows using rates which approximate the rates offered for borrowings of similar remaining maturities. The book value and estimated fair value of the Company’s significant financial instruments not recorded at fair value as of December 31, 2022 and 2021 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using Book Level 1 Level 2 Level 3 December 31, 2022 Financial Assets: Cash and due from banks $ 167,946 $ 167,946 $ — $ — Debt securities held-to-maturity 1,221,138 — 1,097,984 12,057 Restricted equity investments 109,278 — — 109,278 Loans receivable, net and loans held-for-sale 9,869,408 — — 9,103,137 Financial Liabilities: Deposits other than time deposits 8,133,186 — 8,133,186 — Time deposits 1,542,020 — 1,504,601 — FHLB advances and other borrowings 1,406,569 — 1,416,384 — Securities sold under agreements to repurchase with customers 69,097 69,097 — — December 31, 2021 Financial Assets: Cash and due from banks $ 204,949 $ 204,949 $ — $ — Debt securities held-to-maturity 1,139,193 — 1,138,529 14,215 Restricted equity investments 53,195 — — 53,195 Loans receivable, net and loans held-for-sale 8,583,352 — — 8,533,506 Financial Liabilities: Deposits other than time deposits 8,957,815 — 8,957,815 — Time deposits 775,001 — 773,766 — Other borrowings 229,141 — 251,491 — Securities sold under agreements to repurchase with customers 118,769 118,769 — — Limitations Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because a limited market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other significant unobservable inputs. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Significant assets and liabilities that are not considered financial assets or liabilities include premises and equipment, bank owned life insurance, deferred tax assets and goodwill. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities The Company enters into derivative financial instruments which involve, to varying degrees, interest rate and credit risk. The Company manages these risks as part of its asset and liability management process and through credit policies and procedures, seeking to minimize counterparty credit risk by establishing credit limits and collateral agreements. The Company utilizes derivative financial instruments to accommodate the business needs of its customers as well as to economically hedge the exposure that this creates for the Company. Additionally, the Company enters into certain derivative financial instruments to enhance its ability to manage interest rate risk that exists as part of its ongoing business operations. The Company does not use derivative financial instruments for trading purposes. Customer Derivatives – Interest Rate Swaps and Cap Contracts Derivatives Not Designated as Hedging Instruments The Company enters into interest rate swaps that allow commercial loan customers to effectively convert a variable-rate commercial loan agreement to a fixed-rate commercial loan agreement. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to an interest rate swap agreement, which serves to effectively swap the customer’s variable-rate loan into a fixed-rate loan. The Company then enters into a corresponding swap agreement with a third party in order to economically hedge its exposure through the customer agreement. The Company also enters into interest rate cap contracts that enable commercial loan customers to lock in a cap on a variable-rate commercial loan agreement. This feature prevents the loan from repricing to a level that exceeds the cap contract’s specified interest rate, which serves to hedge the risk from rising interest rates. The Company then enters into an offsetting interest rate cap contract with a third party in order to economically hedge its exposure through the customer agreement. These interest rate swaps and cap contracts with both the customers and third parties are not designated as hedges under ASC Topic 815, Derivatives and Hedging, therefore changes in fair value are reported in earnings. As the interest rate swaps and cap contracts are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by ASC Topic 820, Fair Value Measurements. The Company recognized gains of $49,000, $72,000, and $428,000 in commercial loan swap income resulting from fair value adjustments for the years ended December 31, 2022, 2021 and 2020, respectively. Derivatives Designated as Hedging Instruments For the year ended December 31, 2022, the Company entered into an interest rate swap intended to add stability to its net interest income and to manage its exposure to future interest rate movements associated with a pool of floating rate commercial loans. The swap requires the Company to pay variable-rate amounts indexed to one-month term SOFR to the counterparty in exchange for the receipt of fixed-rate amounts at 4.0% from the counterparty. The swap was designated and qualified as a cash flow hedge, under ASC Topic 815, Derivatives and Hedging. The maximum length of time over which forecasted cash flows are hedged is approximately three years. The effect on the Company’s accumulated other comprehensive income attributable to cash flow hedge derivative, net of tax, was a $25,000 loss for the year ended December 31, 2022 due to unrealized mark to market losses on the derivative. There were no gains or losses recognized in income from the Company’s cash flow hedge for the year ended December 31, 2022. The table below presents the notional amount and fair value of derivatives designated and not designated as hedging instruments, as well as their location on the Consolidated Statements of Financial Condition (in thousands): Notional Fair Value Other assets Other liabilities As of December 31, 2022 Derivatives Not Designated as Hedging Instruments Interest rate swaps and cap contracts $ 1,368,245 $ 113,420 $ 113,440 Derivatives Designated as Cash Flow Hedge Interest rate swap contract 100,000 — 33 Total Derivatives $ 1,468,245 $ 113,420 $ 113,473 As of December 31, 2021 Derivatives Not Designated as Hedging Instruments Interest rate swaps and cap contracts $ 938,727 $ 22,787 $ 22,855 Credit Risk-Related Contingent Features The Company is exposed to credit risk in the event of nonperformance by the interest rate derivative counterparty. The Company minimizes this risk by being a party to International Swaps and Derivatives Association agreements with third party broker-dealers that require a minimum dollar transfer amount upon a margin call. This requirement is dependent on certain specified credit measures. The amount of collateral posted with third parties was $40,000 and $19.8 million at December 31, 2022 and 2021, respectively. The amount of collateral received from third parties was $104.5 million at December 31, 2022. The amount of collateral posted with third parties and received from third parties is deemed to be sufficient to collateralize both the fair market value change as well as any additional amounts that may be required as a result of a change in the specified credit measures. The aggregate fair value of all derivative financial instruments in a liability position with credit measure contingencies and entered into with third parties was $113.5 million and $22.9 million at December 31, 2022 and 2021, respectively. The interest rate derivatives which the Company executes with the commercial borrowers are collateralized by the borrowers’ commercial real estate financed by the Company.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, automated teller machine locations and office space with terms extending through 2038. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s ROU assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands): For the Year Ended December 31, 2022 December 31, 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 19,055 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,532 1,495 Total lease ROU assets $ 20,587 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 20,053 $ 17,982 Finance lease liability Other borrowings 1,934 1,904 Total lease liabilities $ 21,987 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $7.7 million and $8.2 million as of December 31, 2022 and 2021, respectively. The calculated amount of the ROU assets and lease liabilities are impacted by the lease term and the discount rate used to calculate the present value of the minimum lease payments. Lease agreements often include one or more options to renew the lease at the Company’s discretion. If the exercise of a renewal option is considered to be reasonably certain, the Company includes the extended term in the calculation of the ROU asset and lease liability. For the discount rate, ASC Topic 842, Leases requires the Company to use the rate implicit in the lease, provided the rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate, at lease inception, over a similar term. For operating leases existing prior to January 1, 2019, the Company used the incremental borrowing rate for the remaining lease term as of January 1, 2019. For the finance lease, the Company utilized its incremental borrowing rate at lease inception. December 31, 2022 December 31, 2021 Weighted-Average Remaining Lease Term Operating leases 6.87 years 8.22 years Finance lease 6.60 years 7.59 years Weighted-Average Discount Rate Operating leases 2.86 % 2.97 % Finance lease 5.63 % 5.63 % The following table represents lease expenses and other lease information (in thousands): For the Year Ended December 31, 2022 2021 2020 Lease Expense Operating lease expense $ 5,000 $ 5,935 $ 6,438 Finance lease expense: Amortization of ROU assets 207 199 174 Interest on lease liabilities (1) 104 112 110 Total $ 5,311 $ 6,246 $ 6,722 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,466 $ 5,263 $ 6,298 Operating cash flows from finance leases 104 112 110 Financing cash flows from finance leases 214 195 187 (1) Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income. Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of December 31, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Year Ending December 31, 2023 $ 350 $ 4,333 2024 350 3,961 2025 350 3,741 2026 350 3,008 2027 350 2,027 Thereafter 559 5,348 Total 2,309 22,418 Less: Imputed interest (375) (2,365) Total lease liabilities $ 1,934 $ 20,053
Leases	Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, automated teller machine locations and office space with terms extending through 2038. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s ROU assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands): For the Year Ended December 31, 2022 December 31, 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 19,055 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,532 1,495 Total lease ROU assets $ 20,587 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 20,053 $ 17,982 Finance lease liability Other borrowings 1,934 1,904 Total lease liabilities $ 21,987 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $7.7 million and $8.2 million as of December 31, 2022 and 2021, respectively. The calculated amount of the ROU assets and lease liabilities are impacted by the lease term and the discount rate used to calculate the present value of the minimum lease payments. Lease agreements often include one or more options to renew the lease at the Company’s discretion. If the exercise of a renewal option is considered to be reasonably certain, the Company includes the extended term in the calculation of the ROU asset and lease liability. For the discount rate, ASC Topic 842, Leases requires the Company to use the rate implicit in the lease, provided the rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate, at lease inception, over a similar term. For operating leases existing prior to January 1, 2019, the Company used the incremental borrowing rate for the remaining lease term as of January 1, 2019. For the finance lease, the Company utilized its incremental borrowing rate at lease inception. December 31, 2022 December 31, 2021 Weighted-Average Remaining Lease Term Operating leases 6.87 years 8.22 years Finance lease 6.60 years 7.59 years Weighted-Average Discount Rate Operating leases 2.86 % 2.97 % Finance lease 5.63 % 5.63 % The following table represents lease expenses and other lease information (in thousands): For the Year Ended December 31, 2022 2021 2020 Lease Expense Operating lease expense $ 5,000 $ 5,935 $ 6,438 Finance lease expense: Amortization of ROU assets 207 199 174 Interest on lease liabilities (1) 104 112 110 Total $ 5,311 $ 6,246 $ 6,722 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,466 $ 5,263 $ 6,298 Operating cash flows from finance leases 104 112 110 Financing cash flows from finance leases 214 195 187 (1) Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income. Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of December 31, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Year Ending December 31, 2023 $ 350 $ 4,333 2024 350 3,961 2025 350 3,741 2026 350 3,008 2027 350 2,027 Thereafter 559 5,348 Total 2,309 22,418 Less: Imputed interest (375) (2,365) Total lease liabilities $ 1,934 $ 20,053

Variable Interest Entity

Variable Interest Entity	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entity	Variable Interest Entity The Company accounts for Trident as a variable interest entity (“VIE”) under ASC 810, Consolidation, for which the Company is considered the primary beneficiary (i.e. the party that has a controlling financial interest). In accordance with ASC 810, Consolidation, the Company has consolidated Trident’s assets and liabilities. For further discussion on the acquisition of Trident refer to Note 3 Business Combinations, to this Form 10-K. The summarized financial information for the Company’s consolidated VIE consisted of the following (in thousands): As of December 31, 2022 Cash and cash equivalents $ 30,062 Other assets 941 Total assets 31,003 Other liabilities 28,998 Net assets $ 2,005

Parent-Only Financial Informati

Parent-Only Financial Information	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Parent-Only Financial Information	Parent-Only Financial Information The following condensed statements of financial condition at December 31, 2022 and 2021 and condensed statements of operations and cash flows for the years ended December 31, 2022, 2021 and 2020 for OceanFirst Financial Corp. (parent company only) reflect the Company’s investment in its wholly-owned subsidiaries, the Bank, and OceanFirst Risk Management, Inc., and non-wholly owned subsidiary, Trident, using the equity method of accounting. Condensed Statement of Financial Condition (in thousands) December 31, 2022 2021 Assets: Cash and due from banks $ 10,623 $ 8,803 Advances to Bank 32,840 63,480 Equity securities 95,261 87,622 ESOP loan receivable 6,751 9,231 Investment in subsidiaries 1,630,199 1,575,549 Goodwill 5,827 — Other assets 1,760 2,781 Total assets $ 1,783,261 $ 1,747,466 Liabilities and Stockholders’ Equity: Borrowings $ 193,469 $ 227,237 Other liabilities 4,328 3,676 OceanFirst Financial Corp. stockholders’ equity 1,584,662 1,516,553 Non-controlling interest 802 — Total stockholders’ equity 1,585,464 1,516,553 Total liabilities and stockholders’ equity $ 1,783,261 $ 1,747,466 Condensed Statements of Operations (in thousands) For the Year Ended December 31, 2022 2021 2020 Dividend income – subsidiaries $ 73,011 $ 40,000 $ 54,000 Interest and dividend income – debt and equity securities 2,387 2,070 949 Interest income – advances to subsidiary Bank 562 298 403 Interest income – ESOP loan receivable 227 289 301 Net gain on equity investments 7,973 7,499 20,460 Total income 84,160 50,156 76,113 Interest expense – borrowings 10,861 11,102 10,592 Operating expenses 4,258 3,307 3,382 Income before income taxes and undistributed earnings of subsidiaries 69,041 35,747 62,139 Benefit (provision) for income taxes 959 1,018 (2,901) Income before undistributed earnings of subsidiaries 70,000 36,765 59,238 Undistributed earnings of subsidiaries 77,357 73,311 4,071 Net income 147,357 110,076 63,309 Net income attributable to non-controlling interest 754 — — Net income attributable to OceanFirst Financial Corp. $ 146,603 $ 110,076 $ 63,309 Condensed Statements of Cash Flows (in thousands) For the Year Ended December 31, 2022 2021 2020 Cash flows from operating activities: Net income $ 147,357 $ 110,076 $ 63,309 Decrease (increase) in advances to subsidiary Bank 30,640 37,824 (73,426) Undistributed earnings of subsidiary Bank (77,357) (73,311) (4,071) Net gain on equity investments (7,973) (7,499) (20,460) Net premium amortization in excess of discount accretion on securities 1,185 755 — Amortization of deferred costs on borrowings 548 824 576 Net amortization of purchase accounting adjustments 684 542 638 Change in other assets and other liabilities 2,336 7,359 648 Net cash provided by (used in) operating activities 97,420 76,570 (32,786) Cash flows from investing activities: Proceeds from sales of equity investments 6,482 98,791 15,339 Purchase of equity investments (7,207) (86,462) (95,228) Increase in ESOP loan receivable — (3,200) — Repayments on ESOP loan receivable 2,480 2,040 1,200 Cash consideration for acquisition, net of cash received (7,084) — — Net cash (used in) provided by investing activities (5,329) 11,169 (78,689) Cash flows from financing activities: Net proceeds from issuance of subordinated notes — — 122,180 Repayments of other borrowings (35,000) (7,500) (7,999) Dividends paid (47,511) (44,510) (42,917) Purchase of treasury stock (7,396) (36,059) (14,814) Net proceeds from the issuance of preferred stock — — 55,529 Exercise of stock options 424 1,946 1,241 Distributions to non-controlling interest (788) — — Net cash (used in) provided by financing activities (90,271) (86,123) 113,220 Net increase in cash and due from banks 1,820 1,616 1,745 Cash and due from banks at beginning of year 8,803 7,187 5,442 Cash and due from banks at end of year $ 10,623 $ 8,803 $ 7,187

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of ConsolidationThe consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc.; the Bank’s direct and indirect wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., OceanFirst Management Corp., OceanFirst Realty Corp., Casaba Real Estate Holdings Corporation, and Country Property Holdings, Inc.; and a majority controlling interest in Trident Abstract Title Agency, LLC. Certain other subsidiaries were dissolved in 2022 and 2020 and are included in the consolidated financial statements for prior periods. All significant intercompany accounts and transactions have been eliminated in consolidation.
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). The preparation of the accompanying consolidated financial statements, in conformity with these accounting principles, requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for credit losses. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current and forecasted economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes, including in the economic environment, will be reflected in the financial statements in future periods.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, cash items in the process of collection, and interest-bearing deposits in other financial institutions. For purposes of the Consolidated Statements of Cash Flows, the Company considers all highly liquid debt instruments with original maturities of three months or less to be cash equivalents.
Securities	Securities Securities include debt securities held-to-maturity (“HTM”) and debt securities available-for-sale (“AFS”). Debt securities include U.S. government and agency obligations, state, municipal and sovereign debt obligations, corporate debt securities, asset-backed securities, and mortgage-backed securities (“MBS”). Mortgage-backed securities include: agency residential mortgage-backed securities which are issued and guaranteed by either the Federal Home Loan Mortgage Corporation (“FHLMC”), the Federal National Mortgage Association (“FNMA”), or the Government National Mortgage Association (“GNMA”); agency commercial mortgage-backed securities which are issued and guaranteed by the Small Business Administration (“SBA”), or agency commercial mortgage-backed securities (“ACMBS”); and non-agency commercial mortgage-backed securities which are issued and guaranteed by commercial mortgage-backed securities (“CMBS”), and collateralized mortgage obligations (“CMOs”). Management determines the appropriate classification at the time of purchase. If management has the positive intent not to sell a security and the Company would not be required to sell such a security prior to maturity, the securities can be classified as HTM debt securities. Such securities are stated at amortized cost. Securities in the AFS category are securities which the Company may sell prior to maturity as part of its asset/liability management strategy. Such securities are carried at estimated fair value and unrealized gains and losses, net of related tax effect, are excluded from earnings, but are included as a separate component of stockholders’ equity and as part of other comprehensive income. Discounts and premiums on securities are accreted or amortized using the level-yield method over the estimated lives of the securities, including the effect of prepayments. Gains or losses on the sale of such securities are included in other income using the specific identification method. Upon the transfer of debt securities from AFS to HTM classification, unrealized gains or losses at the transfer date continue to be reflected in accumulated other comprehensive income and are amortized into interest income over the remaining life of the securities. Securities also include equity investments. Equity investments with readily determinable fair value are reported at fair value, with changes in fair value reported in net income. Equity investments without readily determinable fair values are carried at cost less impairment, if any, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Credit Losses for Available-for-Sale Debt Securities For AFS debt securities where fair value is less than amortized cost, the security is considered impaired when amounts are deemed uncollectible or when the Company intends, or more likely than not will be required, to sell the AFS debt security before recovery of the amortized cost basis. On a quarterly basis the Company evaluates the AFS debt securities for impairment. Securities that are in an unrealized loss position are reviewed to determine if a securities credit loss exists based on certain quantitative and qualitative factors. The primary factors considered in evaluating whether an impairment exists include: (a) the extent to which the fair value is less than the amortized cost basis, (b) the financial condition, credit rating and future prospects of the issuer, (c) whether the debtor is current on contractually obligated interest and principal payments, and (d) whether the Company intends to sell the security and whether it is more likely than not that the Company will not be required to sell the security. If a determination is made that an AFS debt security is impaired, the Company will estimate the amount of the unrealized loss that is attributable to credit and all other non-credit related factors. The credit related component will be recognized as a securities credit loss expense through an allowance for securities credit losses. The securities credit loss expense will be limited to the difference between the security’s amortized cost basis and fair value and any future changes may be reversed, limited to the amount previously expensed, in the period they occur. The non-credit related component will be recorded as an adjustment to accumulated other comprehensive income, net of tax. The evaluation of securities for impairment is a quantitative and qualitative process, which is subject to risks and uncertainties and is intended to determine whether declines in the estimated fair value of investments should be recognized in current period earnings. The risks and uncertainties include changes in general economic conditions, the issuer’s financial condition and/or future prospects, the effects of changes in interest rates or credit spreads, and the expected recovery period.
Loans Receivable	Loans Receivable Loans receivable, other than loans held-for-sale, are stated at unpaid principal balance, plus unamortized premiums less unearned discounts, net of deferred loan origination and commitment fees and costs, and the associated allowance for loan credit losses. Loan origination and commitment fees and certain direct loan origination costs are deferred and the net fee or cost is recognized in interest income using the level-yield method over the contractual life of the specifically identified loans, adjusted for actual prepayments. For each loan class, a loan is considered past due when a payment has not been received in accordance with the contractual terms. Loans which are more than 90 days past due, and other loans in the process of foreclosure, are placed on non-accrual status. Interest income previously accrued on these loans, but not yet received, is reversed in the current period. Any interest subsequently collected is credited to income in the period of recovery only after the full principal balance has been brought current and has returned to accrual status. A loan is returned to accrual status when all amounts due have been received, payments remain current for a period of six months, and the remaining principal and interest are deemed collectible. Loans are charged-off in the period the loans, or portion thereof, are deemed uncollectible. The Company will record a loan charge-off to reduce a loan to the estimated fair value of the underlying collateral, less cost to sell, if it is determined that it is probable that recovery will come primarily from the sale of the collateral.
Loans Held-for-sale	Loans Held for Sale Loans held for sale are carried at the lower of unpaid principal balance, net, or estimated fair value on an aggregate basis. Estimated fair value is generally determined based on bid quotations from securities dealers.
Allowance for Credit Losses (“ACL”)	Allowance for Credit Losses (“ACL”) Under the current expected credit loss (“CECL”) model, the allowance for credit losses on financial assets is a valuation allowance estimated at each balance sheet date in accordance with GAAP that is deducted from the financial assets’ amortized cost basis to present the net amount expected to be collected on the financial assets. The CECL model also applies to certain off-balance sheet credit exposures. The Company estimates the ACL on loans based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to write-off accrued interest receivable by reversing interest income in a timely manner. Therefore, the Company has made a policy election to exclude accrued interest from the amortized cost basis and therefore excludes it from the measurement of the ACL. Expected credit losses are reflected in the ACL through a charge to credit loss expense. The Company’s estimate of the ACL reflects credit losses currently expected over the remaining contractual life of the assets. When the Company deems all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible. When available information confirms that specific financial assets, or portions thereof, are uncollectible, these amounts are charged off against the ACL. Subsequent recoveries, if any, are credited to the ACL when received. The Company measures the ACL of financial assets on a collective portfolio segment basis when the financial assets share similar risk characteristics. The Company has identified the following portfolio segments of financial assets with similar risk characteristics for measuring expected credit losses: commercial real estate - investor (including commercial real estate - construction and land), commercial real estate - owner occupied, commercial and industrial, residential real estate, consumer (including student loans) and HTM debt securities. The Company further segments the commercial loan portfolios by risk rating and the residential and consumer loan portfolios by delinquency. The HTM portfolio is segmented by rating category. The Company’s methodology to measure the ACL incorporates both quantitative and qualitative information to assess lifetime expected credit losses at the portfolio segment level. The quantitative component includes the calculation of loss rates using an open pool method. Under this method, the Company calculates a loss rate based on historical loan level loss experience for portfolio segments with similar risk characteristics. The historical loss rate is adjusted for select macroeconomic variables that consider both historical trends as well as forecasted trends for a single economic scenario. The adjusted loss rate is calculated for an eight quarter forecast period then reverts to the historical loss rate on a straight-line basis over four quarters. The Company differentiates its loss-rate method for HTM debt securities by looking to publicly available historical default and recovery statistics based on the attributes of issuer type, rating category and time to maturity. The Company measures expected credit losses of these financial assets by applying loss rates to the amortized cost basis of each asset taking into consideration amortization, prepayment and default assumptions. The Company considers qualitative adjustments to expected credit loss estimates for information not already captured in the loss estimation process. Qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Adjustments will not be made for information that has already been considered and included in the quantitative allowance. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in loan composition, performance trends, regulatory changes, uncertainty of macroeconomic forecasts, and other asset specific risk characteristics. Collateral Dependent Financial Assets For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable and where the borrower is experiencing financial difficulty, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. Fair value is generally calculated based on the value of the underlying collateral less an appraisal discount and the estimated cost to sell. Troubled Debt Restructured (“TDR”) Loans A loan that has been modified or renewed is considered a TDR when two conditions are met: (1) the borrower is experiencing financial difficulty and (2) concessions are made for the borrower's benefit that would not otherwise be considered for a borrower or transaction with similar credit risk characteristics. So long as they share similar risk characteristics, TDRs may be collectively evaluated and included in the Company’s existing portfolio segments to measure the ACL, unless the TDR is collateral dependent or has been individually evaluated. For TDRs individually evaluated that have been modified and the interest rate is the primary concession, the ACL is measured using a discounted cash flow method. Loans that were modified in accordance with the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act are not considered TDRs. Loan Commitments and Allowance for Loan Credit Losses on Off-Balance Sheet Credit Exposures Financial assets include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to loan credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for loan credit losses on off-balance sheet credit exposures through a charge to loan credit loss expense for off-balance sheet credit exposures. The ACL on off-balance sheet credit exposures is estimated by portfolio segment at each balance sheet date under the CECL model using the same methodologies as portfolio loans, taking into consideration management’s assumption of the likelihood that funding will occur, and is included in other liabilities on the Company’s Consolidated Statements of Financial Condition. Acquired Loans Acquired loans are recorded at fair value at the date of acquisition based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, loan term and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Certain acquired loans are grouped together according to similar risk characteristics and are aggregated when applying various valuation techniques. These cash flow evaluations are subjective as they require material estimates, all of which may be susceptible to significant change. Loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased with credit deterioration (“PCD”) loans. The Company evaluated acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) troubled debt restructured designation; (3) risk ratings of special mention, substandard or doubtful; (4) watchlist credits; and (5) delinquency status, including loans that were current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses was made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. For acquired loans not deemed PCD at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial allowance for expected credit losses is estimated and recorded as credit loss expense. The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans.
Other Real Estate Owned (“OREO”)	Other Real Estate Owned (“OREO”) Other real estate owned is carried at the lower of cost or estimated fair value, less estimated costs to sell. When a property is acquired, the excess of the loan balance over estimated fair value is charged to the allowance for credit losses for loans. Operating results from other real estate owned, including rental income, operating expenses, gains and losses realized from the sales of other real estate owned, and subsequent write-downs are recorded as incurred. During 2022, the remaining OREO was sold and there was no OREO as of December 31, 2022.
Premises and Equipment	Premises and Equipment Land is carried at cost and premises and equipment, including leasehold improvements, are stated at cost less accumulated depreciation and amortization or, in the case of acquired premises, the estimated fair value on the acquisition date. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets or leases. Generally, depreciable lives are as follows: computer software and equipment: 3 years; furniture, fixtures and other electronic equipment: 5 years; building and leasehold improvements: 10 years; and buildings: 30 years. Depreciable assets are placed in service when they are in a condition for use and available for their designated function. The Company has not developed any internal use software. Repair and maintenance items are expensed and improvements are capitalized. Gains and losses on dispositions are reflected in branch consolidation expenses and other income.
Leases	Leases The Company recognizes lease agreements on the Consolidated Statements of Financial Condition as a right-of-use (“ROU”) asset and a corresponding lease liability. The ROU asset and lease liability are calculated as the present value of the minimum lease payments over the lease term, discounted for the rate implicit in the lease, provided the rate is readily determinable; otherwise the Company utilizes its incremental borrowing rate, at lease inception, over a similar term.
Income Taxes	Income Taxes The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Any interest and penalties on taxes payable are included as part of the provision for income taxes.
Bank Owned Life Insurance (“BOLI”)	Bank Owned Life Insurance (“BOLI”) Bank owned life insurance is accounted for using the cash surrender value method and is recorded at its realizable value. Part of the Company’s BOLI is invested in a separate account insurance product, which is invested in a fixed income portfolio. The separate account includes stable value protection which maintains realizable value at book value with investment gains and losses amortized over future periods. Increases in cash surrender value are included in other non-interest income, while proceeds from death benefits are generally recorded as a reduction to the carrying value.
Intangible Assets	Intangible Assets Intangible assets resulting from acquisitions, under the acquisition method of accounting, consists of goodwill and core deposit intangibles. Goodwill represents the excess of the purchase price over the estimated fair value of identifiable net assets acquired through purchase acquisitions. Goodwill with an indefinite useful life is not amortized, but is evaluated for impairment on an annual basis, or more frequently if events or changes in circumstances indicate potential impairment between annual measurement dates. The Company prepares a qualitative assessment, and if necessary, a quantitative assessment, in determining whether goodwill may be impaired. The factors considered in the qualitative assessment include macroeconomic conditions, industry and market conditions and overall financial performance of the Company, among other factors. Under a quantitative assessment, the Company will estimate the fair value of the Company by utilizing a weighted discounted cash flow method, guideline public company method, and transaction method. The Company completes its annual goodwill impairment test as of August 31 and evaluates triggering events during interim periods, as applicable.
Segment Reporting	Segment Reporting The Company’s operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The Company operates throughout New Jersey and in the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston . Management makes operating decisions and assesses performance based on an ongoing review of the Company’s consolidated financial results. Therefore, management concluded the Company has a single operating segment for financial reporting purposes.
Earnings Per Share	Earnings Per ShareBasic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding. Diluted earnings per share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding and potential common stock utilizing the treasury stock method. All share amounts exclude unallocated shares of stock held by the Company’s ESOP and by incentive plans.
Stock-Based Compensation	Stock-Based Compensation The Company recognizes compensation expense related to stock options and awards over the requisite service period, generally based on the instruments’ grant-date fair value, reduced by actual and estimated forfeitures. Certain performance-based stock awards and the associated compensation expense fluctuates based on the estimated probability of achievement of the Company-defined performance goals.
Derivative Instruments	Derivative Instruments The Com pany accounts for derivative financial instruments under ASC Topic 815, Derivatives and Hedging, which requires the Company to record all derivatives on the balance sheet at fair value. Accounting for changes in the fair value of a derivative depends on whether or not the derivative has been designated and qualifies for hedge accounting. For derivatives not designated as hedging instruments, changes in the fair value are recognized directly in earnings. For derivatives designated as hedging instruments, the accounting treatment is dependent upon the type of hedge. For the year ended December 31, 2022, the Company only had a cash flow hedge. Cash flow hedges are used to mitigate the variability in the cash flows of a specific pool of assets, or of forecasted transactions, caused by interest rate fluctuations. The changes in the fair value of cash flow hedges are initially reported in other comprehensive income. Amounts are subsequently reclassified from accumulated other comprehensive income to earnings when the hedged transactions occur, specifically within the same line item as the hedged item. To qualify for hedge accounting, the Company assesses the effectiveness of the derivative in offsetting the risk associated with the exposure being hedged, at inception and on a quarterly basis thereafter. The Company uses quantitative methods, such as regression analyses, and qualitative comparisons of critical terms and the evaluation of any changes in those terms. If it is determined that a derivat ive is not highly effective at hedging the designated exposure, hedge accounting is discontinued prospectively.
Accounting Pronouncements Adopted in 2022	Accounting Pronouncements Adopted in 2022 In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2019-12, “Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes” as part of an initiative to reduce complexity in accounting standards for income taxes. The amendments also improve consistent application of and simplify generally accepted accounting principles for other areas of Topic 740 by clarifying and amending existing guidance. This update was effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2021. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In December 2022, Financial Accounting Standards Board issued ASU 2022-06, “Deferral of the Sunset Date of Topic 848”, which was effective upon issuance. The amendments in this ASU defer the sunset date of Topic 848 (Reference Rate Reform) from December 31, 2022 to December 31, 2024. Topic 848, originally issued in 2020 and later amended in 2021, provides optional accounting expedients and exceptions for certain loan agreements, derivatives and other transactions affected by the transition away from LIBOR towards alternative reference rates. As of December 31, 2021, the Company adopted certain of these practical expedients in Topic 848 and will continue to apply prospectively until December 31 2024. The Company does not expect this update to have a material impact on its consolidated financial statements.

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
Summary of Regulatory Capital Amounts and Ratios	The following is a summary of the Company’s and Bank’s regulatory capital amounts and ratios as of December 31, 2022 and 2021 compared to the regulatory minimum capital adequacy requirements and the regulatory requirements for classification as a well-capitalized institution then in effect (dollars in thousands): Actual For capital adequacy To be well-capitalized As of December 31, 2022 Amount Ratio Amount Ratio Amount Ratio Company: Tier 1 capital (to average assets) $ 1,150,690 9.43 % $ 488,297 4.00 % N/A N/A Common equity Tier 1 (to risk-weighted assets) 1,021,774 9.93 720,641 7.00 (1) N/A N/A Tier 1 capital (to risk-weighted assets) 1,150,690 11.18 875,064 8.50 (1) N/A N/A Total capital (to risk-weighted assets) 1,336,652 12.98 1,080,961 10.50 (1) N/A N/A Bank: Tier 1 capital (to average assets) $ 1,122,946 9.20 % $ 488,033 4.00 % $ 610,041 5.00 % Common equity Tier 1 (to risk-weighted assets) 1,122,946 11.02 713,194 7.00 (1) 662,251 6.50 Tier 1 capital (to risk-weighted assets) 1,122,946 11.02 866,021 8.50 (1) 815,078 8.00 Total capital (to risk-weighted assets) 1,183,705 11.62 1,069,791 10.50 (1) 1,018,848 10.00 As of December 31, 2021 Company: Tier 1 capital (to average assets) $ 1,044,518 9.22 % $ 453,087 4.00 % N/A N/A Common equity Tier 1 (to risk-weighted assets) 917,088 10.26 625,801 7.00 (1) N/A N/A Tier 1 capital (to risk-weighted assets) 1,044,518 11.68 759,902 8.50 (1) N/A N/A Total capital (to risk-weighted assets) 1,257,372 14.06 938,702 10.50 (1) N/A N/A Bank: Tier 1 capital (to average assets) $ 1,027,660 9.08 % $ 452,669 4.00 % $ 565,836 5.00 % Common equity Tier 1 (to risk-weighted assets) 1,027,660 11.62 619,178 7.00 (1) 574,951 6.50 Tier 1 capital (to risk-weighted assets) 1,027,660 11.62 751,860 8.50 (1) 707,633 8.00 Total capital (to risk-weighted assets) 1,079,766 12.21 928,768 10.50 (1) 884,541 10.00 (1) Includes the Capital Conservation Buffer of 2.50%.

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Estimated Fair Value of the Assets Acquired and the Liabilities Assumed as Date of Acquisition	The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed by the Company at the date of the acquisition for Trident, net of total consideration paid (in thousands): At April 1, 2022 Estimated Total purchase price: $ 7,084 Assets acquired: Cash and cash equivalents $ 45,693 Other current assets 238 Premises and equipment 18 ROU asset 779 Other assets 81 Total assets acquired 46,809 Liabilities assumed: Lease liability 779 Other liabilities 43,937 Total liabilities assumed $ 44,716 Net assets acquired $ 2,093 Net assets attributable to non-controlling interest $ 836 Goodwill recorded $ 5,827
Schedule of Merger Related Expenses	The following table summarizes the merger related expenses for the years ended December 31, 2022, 2021 and 2020: For the Year Ended December 31, 2022 2021 2020 (in thousands) Data processing fees $ 790 $ 253 $ 3,758 Professional fees 1,936 343 3,638 Employee severance payments 7 663 7,727 Other/miscellaneous fees 2 244 824 Merger related expenses $ 2,735 $ 1,503 $ 15,947
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization expense for the core deposit intangibles over the next five years and thereafter is as follows (in thousands): For the Year Ending December 31, Amortization Expense 2023 $ 3,984 2024 3,250 2025 2,516 2026 1,784 2027 1,112 Thereafter 851 Total $ 13,497

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-sale	The amortized cost, estimated fair value, and allowance for securities credit losses of debt securities available-for-sale and held-to-maturity at December 31, 2022 and 2021 are as follows (in thousands): Amortized Gross Gross Estimated Allowance for Securities Credit Losses At December 31, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 87,648 $ 1 $ (7,635) $ 80,014 $ — Corporate debt securities 8,928 — (756) 8,172 — Asset-backed securities 296,222 — (19,349) 276,873 — Agency commercial MBS 110,606 — (18,017) 92,589 — Total debt securities available-for-sale $ 503,404 $ 1 $ (45,757) $ 457,648 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 260,249 $ 46 $ (24,940) $ 235,355 $ (60) Corporate debt securities 56,893 380 (3,778) 53,495 (1,059) Mortgage-backed securities: Agency residential 849,985 795 (83,586) 767,194 — Agency commercial 32,127 23 (1,189) 30,961 — Non-agency commercial 25,310 — (2,274) 23,036 (9) Total mortgage-backed securities 907,422 818 (87,049) 821,191 (9) Total debt securities held-to-maturity $ 1,224,564 $ 1,244 $ (115,767) $ 1,110,041 $ (1,128) Total debt securities $ 1,727,968 $ 1,245 $ (161,524) $ 1,567,689 $ (1,128) At December 31, 2021 Debt securities available-for-sale: U.S. government and agency obligations $ 164,756 $ 1,135 $ (471) $ 165,420 $ — Corporate debt securities 5,000 42 (11) 5,031 — Asset-backed securities 298,976 41 (1,489) 297,528 — Agency commercial MBS 101,142 57 (923) 100,276 — Total debt securities available-for-sale $ 569,874 $ 1,275 $ (2,894) $ 568,255 $ — Debt securities held-to-maturity: State, municipal and sovereign debt obligations $ 281,389 $ 10,185 $ (1,164) $ 290,410 $ (85) Corporate debt securities 68,823 1,628 (1,279) 69,172 (1,343) Mortgage-backed securities: Agency residential 756,844 6,785 (7,180) 756,449 — Agency commercial 4,385 7 (44) 4,348 — Non-agency commercial 32,107 362 (104) 32,365 (39) Total mortgage-backed securities 793,336 7,154 (7,328) 793,162 (39) Total debt securities held-to-maturity $ 1,143,548 $ 18,967 $ (9,771) $ 1,152,744 $ (1,467) Total debt securities $ 1,713,422 $ 20,242 $ (12,665) $ 1,720,999 $ (1,467)
Debt Securities, Held-to-maturity, Allowance for Credit Loss	The following table presents the activity in the allowance for credit losses for debt securities held-to-maturity for the years ended December 31, 2022 and 2021 (in thousands): For the Years Ended, 2022 2021 Allowance for credit losses Beginning balance $ (1,467) $ (1,715) Credit loss benefit 339 248 Total ending allowance balance $ (1,128) $ (1,467)
Debt Securities, Held-to-maturity, Credit Quality Indicator	Under this approach, the amortized cost of debt securities held-to-maturity at December 31, 2022, aggregated by credit quality indicator, are as follows (in thousands): Investment Grade Non-Investment Grade/Non-rated Total As of December 31, 2022 State, municipal and sovereign debt obligations $ 260,249 $ — $ 260,249 Corporate debt securities 41,900 14,993 56,893 Non-agency commercial MBS 25,310 — 25,310 Total debt securities held-to-maturity $ 327,459 $ 14,993 $ 342,453
Carrying Value of Held-to-Maturity Investment Securities	The carrying value of the debt securities held-to-maturity at December 31, 2022 and 2021 is as follows (in thousands): December 31, 2022 2021 Amortized cost $ 1,224,564 $ 1,143,548 Net loss on date of transfer from available-for-sale (13,556) (13,556) Allowance for securities credit losses (1,128) (1,467) Accretion of net unrealized loss on securities reclassified as held-to-maturity 11,258 10,668 Carrying value $ 1,221,138 $ 1,139,193 The realized and unrealized gains or losses on equity securities for the year ended December 31, 2022 and 2021 are shown in the table below (in thousands): For the Year Ended December 31, 2022 2021 Net gain on equity investments $ 9,685 $ 7,145 Less: Net gains recognized on equity investments sold 1,351 8,123 Unrealized gain (loss) recognized on equity investments still held $ 8,334 $ (978)
Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity	The amortized cost and estimated fair value of debt securities at December 31, 2022 by contractual maturity are shown below (in thousands): At December 31, 2022 Amortized Estimated Less than one year $ 41,088 $ 40,795 Due after one year through five years 167,126 154,288 Due after five years through ten years 224,954 207,054 Due after ten years 276,772 251,772 $ 709,940 $ 653,909
Estimated Fair Value and Unrealized Loss for Securities Available-for-Sale and Held-to-Maturity	The estimated fair value and unrealized losses for debt securities available-for-sale and held-to-maturity at December 31, 2022 and December 31, 2021, segregated by the duration of the unrealized losses, are as follows (in thousands): Less than 12 Months 12 Months or Longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized At December 31, 2022 Debt securities available-for-sale: U.S. government and agency obligations $ 27,232 $ (450) $ 52,782 $ (7,185) $ 80,014 $ (7,635) Corporate debt securities 4,735 (193) 3,437 (563) 8,172 (756) Asset-backed securities 143,392 (9,179) 133,481 (10,170) 276,873 (19,349) Agency commercial MBS 8,782 (1,675) 83,807 (16,342) 92,589 (18,017) Total debt securities available-for-sale 184,141 (11,497) 273,507 (34,260) 457,648 (45,757) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 133,492 (11,952) 97,135 (12,988) 230,627 (24,940) Corporate debt securities 11,783 (598) 36,152 (3,180) 47,935 (3,778) MBS: Agency residential 297,296 (12,404) 397,036 (71,182) 694,332 (83,586) Agency commercial 25,936 (1,150) 2,062 (39) 27,998 (1,189) Non-agency commercial 16,839 (1,621) 6,198 (653) 23,037 (2,274) Total MBS 340,071 (15,175) 405,296 (71,874) 745,367 (87,049) Total debt securities held-to-maturity 485,346 (27,725) 538,583 (88,042) 1,023,929 (115,767) Total debt securities $ 669,487 $ (39,222) $ 812,090 $ (122,302) $ 1,481,577 $ (161,524) At December 31, 2021 Debt securities available-for-sale: U.S. government and agency obligations $ 82,395 $ (471) $ — $ — $ 82,395 $ (471) Corporate debt securities 1,989 (11) — — 1,989 (11) Asset-backed securities 279,486 (1,489) — — 279,486 (1,489) Agency commercial MBS 80,726 (923) — — 80,726 (923) Total debt securities available-for-sale 444,596 (2,894) — — 444,596 (2,894) Debt securities held-to-maturity: State, municipal and sovereign debt obligations 75,329 (1,063) 4,383 (101) 79,712 (1,164) Corporate debt securities 38,304 (1,279) — — 38,304 (1,279) MBS: Agency residential 445,399 (5,822) 50,133 (1,358) 495,532 (7,180) Agency commercial 2,255 (41) 886 (3) 3,141 (44) Non-agency commercial 10,722 (104) — — 10,722 (104) Total MBS 458,376 (5,967) 51,019 (1,361) 509,395 (7,328) Total debt securities held-to-maturity 572,009 (8,309) 55,402 (1,462) 627,411 (9,771) Total debt securities $ 1,016,605 $ (11,203) $ 55,402 $ (1,462) $ 1,072,007 $ (12,665)

Loans Receivable, Net (Tables)

Loans Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Summary of Loans Receivable	Loans receivable, net at December 31, 2022 and 2021 consisted of the following (in thousands): December 31, 2022 2021 Commercial: Commercial real estate - investor $ 5,171,952 $ 4,378,061 Commercial real estate - owner occupied 997,367 1,055,065 Commercial and industrial (1) 622,372 449,224 Total commercial 6,791,691 5,882,350 Consumer: Residential real estate 2,861,991 2,479,701 Home equity loans and lines and other consumer (“other consumer”) 264,372 260,819 Total consumer 3,126,363 2,740,520 Total loans receivable 9,918,054 8,622,870 Deferred origination costs, net of fees 7,488 9,332 Allowance for loan credit losses (56,824) (48,850) Total loans receivable, net $ 9,868,718 $ 8,583,352 (1) The commercial and industrial loans balance at December 31, 2022 and 2021 includes Paycheck Protection Program (“PPP”) loans of $1.6 million and $22.9 million, respectively.
Risk Category of Loans by Loan Portfolio Segment Excluding PCI Loans	The following tables summarize total loans by year of origination, internally assigned credit grades, and risk characteristics (in thousands): 2022 2021 2020 2019 2018 2017 and prior Revolving lines of credit Total December 31, 2022 Commercial real estate - investor Pass $ 1,144,763 $ 1,339,289 $ 555,937 $ 524,428 $ 220,999 $ 881,344 $ 450,787 $ 5,117,547 Special Mention — 2,508 192 17,094 — 12,818 2,188 34,800 Substandard — — — 893 — 18,180 532 19,605 Total commercial real estate - investor 1,144,763 1,341,797 556,129 542,415 220,999 912,342 453,507 5,171,952 Commercial real estate - owner occupied Pass 119,912 110,440 59,952 115,385 88,204 458,708 14,932 967,533 Special Mention — — — — 748 5,679 — 6,427 Substandard — — 3,750 2,037 4,817 12,803 — 23,407 Total commercial real estate - owner occupied 119,912 110,440 63,702 117,422 93,769 477,190 14,932 997,367 Commercial and industrial Pass 60,078 23,724 14,072 17,175 10,992 47,370 443,211 616,622 Special Mention — 7 — — — 250 1,680 1,937 Substandard — 21 76 1,083 301 2,212 120 3,813 Total commercial and industrial 60,078 23,752 14,148 18,258 11,293 49,832 445,011 622,372 Residential real estate (1) Pass 919,364 591,745 419,712 247,387 99,945 577,392 — 2,855,545 Special Mention — 193 1,514 204 59 2,407 — 4,377 Substandard — — — 656 286 1,127 — 2,069 Total residential real estate 919,364 591,938 421,226 248,247 100,290 580,926 — 2,861,991 Other consumer (1) Pass 24,069 24,111 15,440 15,471 39,057 108,818 34,851 261,817 Special Mention — — — 75 — 598 — 673 Substandard — — — 157 18 1,707 — 1,882 Total other consumer 24,069 24,111 15,440 15,703 39,075 111,123 34,851 264,372 Total loans $ 2,268,186 $ 2,092,038 $ 1,070,645 $ 942,045 $ 465,426 $ 2,131,413 $ 948,301 $ 9,918,054 (1) For residential real estate and other consumer loans, the Company evaluates credit quality based on the aging status of the loan and by payment activity. 2021 2020 2019 2018 2017 2016 and prior Revolving lines of credit Total December 31, 2021 Commercial real estate - investor Pass $ 1,387,753 $ 609,916 $ 535,551 $ 274,662 $ 375,646 $ 800,089 $ 255,613 $ 4,239,230 Special Mention — — 23,794 9,400 2,731 28,663 582 65,170 Substandard — 4,267 28,802 468 8,495 28,228 3,401 73,661 Total commercial real estate - investor 1,387,753 614,183 588,147 284,530 386,872 856,980 259,596 4,378,061 Commercial real estate - owner occupied Pass 116,355 71,196 125,212 91,531 109,232 449,966 10,913 974,405 Special Mention — — 1,365 3,829 479 14,371 2 20,046 Substandard — — 14,166 8,549 5,606 31,576 717 60,614 Total commercial real estate - owner occupied 116,355 71,196 140,743 103,909 115,317 495,913 11,632 1,055,065 Commercial and industrial Pass 42,955 22,573 22,878 16,404 8,671 50,887 271,818 436,186 Special Mention — — 231 350 85 172 3,645 4,483 Substandard — 457 2,281 813 198 2,029 2,777 8,555 Total commercial and industrial 42,955 23,030 25,390 17,567 8,954 53,088 278,240 449,224 Residential real estate (1) Pass 876,135 475,134 288,699 127,756 105,385 602,331 — 2,475,440 Special Mention — 212 — 61 — 1,313 — 1,586 Substandard — — — — 351 2,324 — 2,675 Total residential real estate 876,135 475,346 288,699 127,817 105,736 605,968 — 2,479,701 Other consumer (1) Pass 26,512 19,168 18,179 51,954 17,955 123,783 — 257,551 Special Mention — — — — — 322 — 322 Substandard — — — 18 — 2,928 — 2,946 Total other consumer 26,512 19,168 18,179 51,972 17,955 127,033 — 260,819 Total loans $ 2,449,710 $ 1,202,923 $ 1,061,158 $ 585,795 $ 634,834 $ 2,138,982 $ 549,468 $ 8,622,870 (1) For residential real estate and other consumer loans, the Company evaluates credit quality based on the aging status of the loan and by payment activity.
Analysis of Allowance for Loan Losses	An analysis of the allowance for credit losses on loans for the years ended December 31, 2022 and 2021 is as follows (in thousands): Commercial Real Estate - Investor Commercial Real Estate - Owner Occupied Commercial Residential Other Consumer Total For the Year Ended December 31, 2022 Allowance for credit losses on loans Balance at beginning of year $ 25,504 $ 5,884 $ 5,039 $ 11,155 $ 1,268 $ 48,850 Credit loss (benefit) expense (4,481) (1,569) 561 13,275 (152) 7,634 Charge-offs (8) (62) (60) (56) (387) (573) Recoveries 55 170 155 156 377 913 Balance at end of year $ 21,070 $ 4,423 $ 5,695 $ 24,530 $ 1,106 $ 56,824 For the Year Ended December 31, 2021 Allowance for credit losses on loans Balance at beginning of year $ 26,703 $ 15,054 $ 5,390 $ 11,818 $ 1,770 $ 60,735 Credit loss benefit (974) (9,190) (321) (761) (1,100) (12,346) Charge-offs (345) (65) (154) (254) (213) (1,031) Recoveries 120 85 124 352 811 1,492 Balance at end of year $ 25,504 $ 5,884 $ 5,039 $ 11,155 $ 1,268 $ 48,850
Recorded Investment in Non-Accrual Loans by Loan Portfolio Segment Excluding PCI Loans	The following table presents the recorded investment in non-accrual loans by loan portfolio segment as of December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Commercial real estate – investor $ 10,483 $ 3,614 Commercial real estate – owner occupied 4,025 11,904 Commercial and industrial 331 277 Residential real estate 5,969 6,114 Other consumer 2,457 3,585 Total non-accrual loans $ 23,265 $ 25,494
Aging of Recorded Investment in Past Due Loans Excluding PCI Loans	The following table presents the aging of the recorded investment in past due loans as of December 31, 2022 and 2021 by loan portfolio segment (in thousands). 30-59 60-89 90 Days or Greater Total Loans Not Total December 31, 2022 Commercial real estate – investor $ 217 $ 875 $ 3,700 $ 4,792 $ 5,167,160 $ 5,171,952 Commercial real estate – owner occupied 143 80 3,750 3,973 993,394 997,367 Commercial and industrial 159 47 180 386 621,986 622,372 Residential real estate 7,003 4,377 2,069 13,449 2,848,542 2,861,991 Other consumer 573 673 1,882 3,128 261,244 264,372 $ 8,095 $ 6,052 $ 11,581 $ 25,728 $ 9,892,326 $ 9,918,054 December 31, 2021 Commercial real estate – investor $ 1,717 $ 102 $ 1,709 $ 3,528 $ 4,374,533 $ 4,378,061 Commercial real estate – owner occupied 599 — 575 1,174 1,053,891 1,055,065 Commercial and industrial 25 151 277 453 448,771 449,224 Residential real estate 9,705 1,586 2,675 13,966 2,465,735 2,479,701 Other consumer 339 322 2,946 3,607 257,212 260,819 $ 12,385 $ 2,161 $ 8,182 $ 22,728 $ 8,600,142 $ 8,622,870
Troubled Debt Restructurings	The following table presents information about TDRs which occurred during the years ended December 31, 2022 and 2021 (dollars in thousands): Number Pre-modification Post-modification For the Year Ended December 31, 2022 Troubled debt restructurings: Commercial and industrial 1 $ 65 $ 65 Other consumer 8 1,237 1,378 For the Year Ended December 31, 2021 Troubled debt restructurings: Commercial real estate – investor 1 $ 4,903 $ 4,903 Commercial real estate – owner occupied 2 6,406 6,423 Residential real estate 3 244 336 Other consumer 3 39 49

Interest and Dividends Receiv_2

Interest and Dividends Receivable (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Summary of Interest and Dividends Receivable	Interest and dividends receivable at December 31, 2022 and 2021 are summarized as follows (in thousands): December 31, 2022 2021 Loans receivable $ 36,052 $ 26,208 Debt securities 7,634 5,753 Equity investments and other 1,018 645 Total interest and dividends receivable $ 44,704 $ 32,606

Premises and Equipment, Net (Ta

Premises and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Summary of Premises and Equipment	Premises and equipment, net of accumulated depreciation and amortization expense at December 31, 2022 and 2021 are summarized as follows (in thousands): December 31, 2022 2021 Land $ 15,916 $ 18,774 Buildings and improvements 131,837 94,573 Leasehold improvements 6,647 8,460 Furniture and equipment 34,692 30,314 Capitalized software 7,588 6,989 Finance lease 3,189 2,386 Other (1) 2,559 38,057 Total 202,428 199,553 Accumulated depreciation and amortization (75,723) (73,725) Total premises and equipment, net $ 126,705 $ 125,828 (1) 2021 included assets under construction of $36.2 million related to the expansion of the Company’s headquarters in Toms River, New Jersey, which was completed in 2022. In 2022, the Company’s headquarters in Toms River was classified within buildings and improvements.

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Banking and Thrift, Other Disclosure [Abstract]
Summary of Deposits Including Accrued Interest Payable	The major types of deposits at December 31, 2022 and 2021 were as follows (dollars in thousands): December 31, 2022 2021 Amount Weighted Amount Weighted Non-interest-bearing $ 2,101,308 — % $ 2,412,056 — % Interest-bearing checking 3,829,683 0.45 4,201,736 0.24 Money market deposit 714,386 0.57 736,090 0.06 Savings 1,487,809 0.07 1,607,933 0.03 Time deposits 1,542,020 2.34 775,001 0.95 Total deposits $ 9,675,206 0.60 % $ 9,732,816 0.19 %
Summary of Time Deposits by Maturity	Time deposits at December 31, 2022 mature as follows (in thousands): For the Year Ending December 31, Time Deposit Maturities 2023 $ 1,042,730 2024 381,548 2025 81,524 2026 10,747 2027 19,565 Thereafter 5,906 Total $ 1,542,020
Summary of Interest Expense on Deposits	Interest expense on deposits for the years ended December 31, 2022, 2021 and 2020 was as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 Interest-bearing checking $ 11,344 $ 13,400 $ 19,395 Money market deposit 2,234 1,105 2,902 Savings 758 631 2,505 Time deposits 16,685 10,074 23,488 Total interest expense on deposits $ 31,021 $ 25,210 $ 48,290

Borrowed Funds (Tables)

Borrowed Funds (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Summary of Borrowed Funds	Borrowed funds are summarized as follows (dollars in thousands): December 31, 2022 2021 Amount Weighted Amount Weighted FHLB advances $ 1,211,166 4.59 % $ — — % Securities sold under agreements to repurchase with customers 69,097 0.16 118,769 0.16 Other borrowings 195,403 5.87 229,141 4.47 Total borrowed funds $ 1,475,666 4.55 % $ 347,910 3.00 %
Contractual Maturities of FHLB Advances and Reverse Repurchase Agreements	FHLB advances and repurchase agreements had contractual maturities at December 31, 2022 as follows (in thousands): FHLB Advances Repurchase Agreements For the Year Ended December 31, 2023 $ 1,209,500 $ 69,097 2025 1,666 — Total $ 1,211,166 $ 69,097
Schedule of Other Borrowings	The other borrowings at December 31, 2022 included the following (in thousands): Type of Debt Stated Value Carrying Value Interest Rate Maturity Subordinated debt $ 125,000 $ 123,537 5.701 % (1) May 15, 2030 Trust preferred 10,000 8,123 3 month LIBOR plus 225 basis points (2) December 15, 2034 Trust preferred 30,000 23,589 3 month LIBOR plus 135 basis points (2) March 15, 2036 Trust preferred 5,000 5,000 3 month LIBOR plus 165 basis points (2) August 1, 2036 Trust preferred 7,500 7,500 3 month LIBOR plus 166 basis points (2) November 1, 2036 Trust preferred 10,000 7,922 3 month LIBOR plus 153 basis points (2) June 30, 2037 Trust preferred 10,000 10,000 3 month LIBOR plus 175 basis points (2) September 1, 2037 Trust preferred 10,000 7,798 3 month LIBOR plus 139 basis points (2) October 1, 2037 Finance lease 1,934 1,934 5.625 % July 31, 2029 Total $ 209,434 $ 195,403 (1) Adjusts to a floating rate of 509.5 basis points over 3 month Secured Overnight Financing Rate (“SOFR”) on May 15, 2025. (2) All trust preferred debt carry interest rates which adjust to a spread over LIBOR on a quarterly basis and are expected to convert to a spread over the SOFR upon LIBOR cessation.
Interest Expense on Borrowings	Interest expense on borrowings for the years ended December 31, 2022, 2021, and 2020 was as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 FHLB advances $ 10,365 $ — $ 7,018 Reverse repurchase agreements 159 253 562 Other borrowings 12,153 11,291 10,787 Total interest expense on borrowings $ 22,677 $ 11,544 $ 18,367

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Components of Income Tax Expense Benefit	The provision for income taxes for the years ended December 31, 2022, 2021 and 2020 consisted of the following (in thousands): For the Year Ended December 31, 2022 2021 2020 Current Federal $ 32,981 $ 19,696 $ 15,731 State 11,807 8,861 6,617 Total current 44,788 28,557 22,348 Deferred Federal 2,231 3,228 (2,746) State (454) 380 (1,869) Total deferred 1,777 3,608 (4,615) Total provision for income taxes $ 46,565 $ 32,165 $ 17,733
Schedule of Income Tax Reconciliation	The income tax provision reconciled to the income taxes that would have been computed at the statutory federal rate for the years ended December 31, 2022, 2021 and 2020 is as follows (dollars in thousands): For the Year Ended December 31, 2022 2021 2020 Income before provision for income taxes $ 193,922 $ 142,241 $ 81,042 Federal income tax, at statutory rates 21.0 % 21.0 % 21.0 % Computed “expected” federal income tax expense $ 40,724 $ 29,871 $ 17,019 Increase (decrease) in federal income tax expense resulting from State income taxes, net of federal benefit 8,927 7,223 3,751 Earnings on BOLI (1,381) (1,435) (1,349) Tax exempt interest (786) (768) (1,161) Merger related expenses 90 24 138 Stock compensation 26 (110) (136) Reclassification of certain tax effect from accumulated other comprehensive income (157) (173) (204) Research and development and other credits (471) (475) — Dividends received deduction (371) (510) — Other items, net (36) (1,482) (325) Total provision for income taxes $ 46,565 $ 32,165 $ 17,733
Schedule of Significant Portions of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2022 and 2021 are presented in the following table (in thousands): December 31, 2022 2021 Deferred tax assets: Allowance for credit losses on loans and debt securities HTM $ 14,887 $ 12,915 Other reserves 2,870 3,115 Incentive compensation 4,715 3,546 Deferred compensation 419 471 Stock plans 2,693 2,565 Unrealized losses on assets held-for-sale 1,080 1,626 Unrealized losses on AFS securities 11,849 1,332 Net operating loss carryforwards related to acquisition 23,100 28,057 Other, net 3,031 1,867 Federal and state alternative minimum tax 2,294 2,295 Total gross deferred tax assets 66,938 57,789 Deferred tax liabilities: Unrealized gain on equity securities (2,155) — Premises and equipment (4,362) (5,704) Deferred loan and commitment costs, net (1,937) (2,579) Purchase accounting adjustments (2,300) (2,056) Investments, discount accretion (365) (371) Total gross deferred tax liabilities (11,119) (10,710) Net deferred tax assets $ 55,819 $ 47,079

Incentive Plans (Tables)

Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Share-Based Compensation Arrangements by Share-Based Payment Award	The following table presents the amount of the plans’ authorized shares and those that remain available for issuance as of December 31, 2022. Both plans allowed the Company to authorize shares subject to options or, in lieu of options, shares in the form of stock awards. Authorized Awards Authorized but Not Issued Stock Options or Stock Awards Stock Options or Stock Awards 2020 Plan 6,950,000 2,780,000 4,354,574 1,741,830 2011 Plan 4,000,000 1,600,000 200,003 80,001 Total 10,950,000 4,380,000 4,554,577 1,821,831
Summary of Share-Based Payment Award, Stock Options, Valuation Assumptions	The fair value of these awards were estimated through the use of the Monte Carlo valuation model applying the following assumptions: 2022 Risk-free interest rate 1.36 % Expected performance period 2.9 years Expected volatility 41.10 % 2020 Risk-free interest rate 1.03 % Expected option life 7 years Expected volatility 23 % Expected dividend yield 3.33 % Weighted average fair value of an option share granted during the year $ 2.93 Intrinsic value of options exercised during the year (in thousands) 2,499
Summary of Granted but Unvested Stock Award Activity	A summary of the granted but unvested stock award activity, which included both time- and performance-based stock awards, for the years ended December 31, 2022, 2021 and 2020 is as follows: 2022 2021 2020 Number Weighted Number Weighted Number Weighted Outstanding at beginning of year: 778,971 $ 22.30 575,996 $ 23.42 451,443 $ 25.61 Granted 279,750 21.47 388,392 21.53 256,649 20.38 Vested (190,094) 23.14 (126,292) 24.04 (96,564) 24.41 Forfeited (33,287) 22.17 (59,125) 24.39 (35,532) 26.56 Outstanding at end of year 835,340 $ 21.84 778,971 $ 22.30 575,996 $ 23.42
Summary of Option Activity	A summary of option activity for the years ended December 31, 2022, 2021 and 2020 is as follows: 2022 2021 2020 Number Weighted Number Weighted Number Weighted Outstanding at beginning of year 2,458,255 $ 21.02 2,838,867 $ 20.67 2,424,032 $ 19.80 Granted — — — — 699,651 20.44 Exercised (217,038) 14.17 (264,717) 14.80 (213,506) 9.50 Forfeited — — (1,828) 23.78 (6,357) 21.26 Expired (30,533) 23.68 (114,067) 26.62 (64,953) 22.51 Outstanding at end of year 2,210,684 $ 21.66 2,458,255 $ 21.02 2,838,867 $ 20.67 Options exercisable 1,645,901 1,583,521 1,596,927
Summary of Stock Options Outstanding	The following table summarizes information about stock options outstanding at December 31, 2022: Options Outstanding Options Exercisable Exercise Prices Number Weighted Weighted Number Weighted Weighted $11.70 to $16.03 194,374 0.3 years $ 14.19 194,374 0.3 years $ 14.19 16.04 to 20.36 464,706 2.2 17.45 464,706 2.2 17.45 20.37 to 24.69 733,485 6.9 20.55 334,172 6.6 20.68 24.70 to 29.01 818,119 5.2 26.82 652,649 5.0 27.16 2,210,684 4.7 years $ 21.66 1,645,901 4.0 years $ 21.57
Summary Of Compensation Expense	The compensation expense for stock awards, stock options and phantom stock units were as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 Stock awards $ 5,698 $ 4,161 $ 2,792 Stock options 940 1,244 1,466 Phantom stock units 554 — — Total $ 7,192 $ 5,405 $ 4,258

Commitments, Contingencies an_2

Commitments, Contingencies and Concentrations of Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Commitments and Contingent Liabilities	At December 31, 2022, the following commitments and contingent liabilities existed which are not reflected in the accompanying consolidated financial statements (in thousands): December 31, 2022 Unused consumer and residential construction loan lines of credit (primarily floating-rate) $ 410,902 Unused commercial and commercial construction loan lines of credit (primarily floating-rate) 1,368,017 Other commitments to extend credit: Fixed-rate 59,526 Adjustable-rate 11,280 Floating-rate 95,274

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Reconciliation of Shares Outstanding for Basic and Diluted Earnings per Share	The following reconciles average shares outstanding for basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 (in thousands): December 31, 2022 2021 2020 Weighted average shares outstanding 59,219 59,873 60,358 Less: Unallocated ESOP shares (378) (360) (426) Unallocated incentive award shares (111) (107) (13) Average basic shares outstanding 58,730 59,406 59,919 Add: Effect of dilutive securities: Incentive awards 148 243 153 Average diluted shares outstanding 58,878 59,649 60,072

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Financial Assets and Financial Liabilities Measured at Fair Value	The following table summarizes financial assets and financial liabilities measured at fair value as of December 31, 2022 and 2021, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Fair Value Measurements at Reporting Date Using: Total Fair Level 1 Level 2 Level 3 December 31, 2022 Items measured on a recurring basis: Debt securities available-for-sale $ 457,648 $ — $ 457,648 $ — Equity investments 61,942 430 61,511 — Interest rate derivative assets 113,420 — 113,420 — Interest rate derivative liability (113,473) — (113,473) — Items measured on a non-recurring basis: Equity investments (1) (2) 40,095 — — 37,076 Loans measured for impairment based on the fair value of the underlying collateral (3) 9,635 — — 9,635 December 31, 2021 Items measured on a recurring basis: Debt securities available-for-sale $ 568,255 $ — $ 568,255 $ — Equity investments 90,726 14,608 73,400 2,718 Interest rate derivative assets 22,787 — 22,787 — Interest rate derivative liability (22,855) — (22,855) — Items measured on a non-recurring basis: Equity investments 10,429 — — 10,429 Other real estate owned 106 — — 106 Loans measured for impairment based on the fair value of the underlying collateral (3) 16,233 — — 16,233 (1) Primarily consists of $37.1 million of equity investments measured under the measurement alternative, which included $20.0 million of unrealized gains as a result of observable price changes in the investments for the year ended December 31, 2022. (2) Equity investments of $40.1 million includes $3.0 million of certain equity investment funds measured at NAV per share (or its equivalent) as a practical expedient to fair value and these equity investments have not been classified in the fair value hierarchy levels.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table reconciles, for the year ended December 31, 2022 and 2021, the beginning and ending balances for equity investments that are recognized at fair value on a recurring basis, in the Consolidated Statements of Financial Condition, using significant unobservable inputs (in thousands): For the Year Ended December 31, 2022 2021 Beginning balance $ 2,718 $ 2,540 Total gains included in earnings — 178 Transfers out of Level 3 (2,718) — Ending balance $ — $ 2,718
Book Value and Estimated Fair Value of Bank's Significant Financial Instruments Not Recorded at Fair Value	The book value and estimated fair value of the Company’s significant financial instruments not recorded at fair value as of December 31, 2022 and 2021 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using Book Level 1 Level 2 Level 3 December 31, 2022 Financial Assets: Cash and due from banks $ 167,946 $ 167,946 $ — $ — Debt securities held-to-maturity 1,221,138 — 1,097,984 12,057 Restricted equity investments 109,278 — — 109,278 Loans receivable, net and loans held-for-sale 9,869,408 — — 9,103,137 Financial Liabilities: Deposits other than time deposits 8,133,186 — 8,133,186 — Time deposits 1,542,020 — 1,504,601 — FHLB advances and other borrowings 1,406,569 — 1,416,384 — Securities sold under agreements to repurchase with customers 69,097 69,097 — — December 31, 2021 Financial Assets: Cash and due from banks $ 204,949 $ 204,949 $ — $ — Debt securities held-to-maturity 1,139,193 — 1,138,529 14,215 Restricted equity investments 53,195 — — 53,195 Loans receivable, net and loans held-for-sale 8,583,352 — — 8,533,506 Financial Liabilities: Deposits other than time deposits 8,957,815 — 8,957,815 — Time deposits 775,001 — 773,766 — Other borrowings 229,141 — 251,491 — Securities sold under agreements to repurchase with customers 118,769 118,769 — —

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The table below presents the notional amount and fair value of derivatives designated and not designated as hedging instruments, as well as their location on the Consolidated Statements of Financial Condition (in thousands): Notional Fair Value Other assets Other liabilities As of December 31, 2022 Derivatives Not Designated as Hedging Instruments Interest rate swaps and cap contracts $ 1,368,245 $ 113,420 $ 113,440 Derivatives Designated as Cash Flow Hedge Interest rate swap contract 100,000 — 33 Total Derivatives $ 1,468,245 $ 113,420 $ 113,473 As of December 31, 2021 Derivatives Not Designated as Hedging Instruments Interest rate swaps and cap contracts $ 938,727 $ 22,787 $ 22,855

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Right-of-Use Assets and Lease Liabilities	The following table represents the classification of the Company’s ROU assets and lease liabilities on the Consolidated Statements of Financial Condition (in thousands): For the Year Ended December 31, 2022 December 31, 2021 Lease ROU Assets Classification Operating lease ROU assets Other assets $ 19,055 $ 17,442 Finance lease ROU asset Premises and equipment, net 1,532 1,495 Total lease ROU assets $ 20,587 $ 18,937 Lease Liabilities Operating lease liabilities (1) Other liabilities $ 20,053 $ 17,982 Finance lease liability Other borrowings 1,934 1,904 Total lease liabilities $ 21,987 $ 19,886 (1) Operating lease liabilities excludes liabilities for future rent and estimated lease termination payments related to closed branches of $7.7 million and $8.2 million as of December 31, 2022 and 2021, respectively.
Schedule of Weighted Average Remaining Lease Term and Discount Rate	December 31, 2022 December 31, 2021 Weighted-Average Remaining Lease Term Operating leases 6.87 years 8.22 years Finance lease 6.60 years 7.59 years Weighted-Average Discount Rate Operating leases 2.86 % 2.97 % Finance lease 5.63 % 5.63 %
Schedule of Lease Costs and Other Lease Information	The following table represents lease expenses and other lease information (in thousands): For the Year Ended December 31, 2022 2021 2020 Lease Expense Operating lease expense $ 5,000 $ 5,935 $ 6,438 Finance lease expense: Amortization of ROU assets 207 199 174 Interest on lease liabilities (1) 104 112 110 Total $ 5,311 $ 6,246 $ 6,722 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,466 $ 5,263 $ 6,298 Operating cash flows from finance leases 104 112 110 Financing cash flows from finance leases 214 195 187 (1) Included in borrowed funds interest expense on the Consolidated Statements of Income. All other costs are included in occupancy expense on the Consolidated Statements of Income.
Future Minimum Payments for Finance Leases	Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of December 31, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Year Ending December 31, 2023 $ 350 $ 4,333 2024 350 3,961 2025 350 3,741 2026 350 3,008 2027 350 2,027 Thereafter 559 5,348 Total 2,309 22,418 Less: Imputed interest (375) (2,365) Total lease liabilities $ 1,934 $ 20,053
Future Minimum Payments for Operating Leases	Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of December 31, 2022 were as follows (in thousands): Finance Lease Operating Leases For the Year Ending December 31, 2023 $ 350 $ 4,333 2024 350 3,961 2025 350 3,741 2026 350 3,008 2027 350 2,027 Thereafter 559 5,348 Total 2,309 22,418 Less: Imputed interest (375) (2,365) Total lease liabilities $ 1,934 $ 20,053

Variable Interest Entity (Table

Variable Interest Entity (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financial Information of Variable Interest Entities	The summarized financial information for the Company’s consolidated VIE consisted of the following (in thousands): As of December 31, 2022 Cash and cash equivalents $ 30,062 Other assets 941 Total assets 31,003 Other liabilities 28,998 Net assets $ 2,005

Parent-Only Financial Informa_2

Parent-Only Financial Information (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Statements of Financial Condition	Condensed Statement of Financial Condition (in thousands) December 31, 2022 2021 Assets: Cash and due from banks $ 10,623 $ 8,803 Advances to Bank 32,840 63,480 Equity securities 95,261 87,622 ESOP loan receivable 6,751 9,231 Investment in subsidiaries 1,630,199 1,575,549 Goodwill 5,827 — Other assets 1,760 2,781 Total assets $ 1,783,261 $ 1,747,466 Liabilities and Stockholders’ Equity: Borrowings $ 193,469 $ 227,237 Other liabilities 4,328 3,676 OceanFirst Financial Corp. stockholders’ equity 1,584,662 1,516,553 Non-controlling interest 802 — Total stockholders’ equity 1,585,464 1,516,553 Total liabilities and stockholders’ equity $ 1,783,261 $ 1,747,466
Condensed Statements of Operations	Condensed Statements of Operations (in thousands) For the Year Ended December 31, 2022 2021 2020 Dividend income – subsidiaries $ 73,011 $ 40,000 $ 54,000 Interest and dividend income – debt and equity securities 2,387 2,070 949 Interest income – advances to subsidiary Bank 562 298 403 Interest income – ESOP loan receivable 227 289 301 Net gain on equity investments 7,973 7,499 20,460 Total income 84,160 50,156 76,113 Interest expense – borrowings 10,861 11,102 10,592 Operating expenses 4,258 3,307 3,382 Income before income taxes and undistributed earnings of subsidiaries 69,041 35,747 62,139 Benefit (provision) for income taxes 959 1,018 (2,901) Income before undistributed earnings of subsidiaries 70,000 36,765 59,238 Undistributed earnings of subsidiaries 77,357 73,311 4,071 Net income 147,357 110,076 63,309 Net income attributable to non-controlling interest 754 — — Net income attributable to OceanFirst Financial Corp. $ 146,603 $ 110,076 $ 63,309
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows (in thousands) For the Year Ended December 31, 2022 2021 2020 Cash flows from operating activities: Net income $ 147,357 $ 110,076 $ 63,309 Decrease (increase) in advances to subsidiary Bank 30,640 37,824 (73,426) Undistributed earnings of subsidiary Bank (77,357) (73,311) (4,071) Net gain on equity investments (7,973) (7,499) (20,460) Net premium amortization in excess of discount accretion on securities 1,185 755 — Amortization of deferred costs on borrowings 548 824 576 Net amortization of purchase accounting adjustments 684 542 638 Change in other assets and other liabilities 2,336 7,359 648 Net cash provided by (used in) operating activities 97,420 76,570 (32,786) Cash flows from investing activities: Proceeds from sales of equity investments 6,482 98,791 15,339 Purchase of equity investments (7,207) (86,462) (95,228) Increase in ESOP loan receivable — (3,200) — Repayments on ESOP loan receivable 2,480 2,040 1,200 Cash consideration for acquisition, net of cash received (7,084) — — Net cash (used in) provided by investing activities (5,329) 11,169 (78,689) Cash flows from financing activities: Net proceeds from issuance of subordinated notes — — 122,180 Repayments of other borrowings (35,000) (7,500) (7,999) Dividends paid (47,511) (44,510) (42,917) Purchase of treasury stock (7,396) (36,059) (14,814) Net proceeds from the issuance of preferred stock — — 55,529 Exercise of stock options 424 1,946 1,241 Distributions to non-controlling interest (788) — — Net cash (used in) provided by financing activities (90,271) (86,123) 113,220 Net increase in cash and due from banks 1,820 1,616 1,745 Cash and due from banks at beginning of year 8,803 7,187 5,442 Cash and due from banks at end of year $ 10,623 $ 8,803 $ 7,187

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022
Summary Of Significant Accounting Policies [Line Items]
Maturity period of highly liquid debt instruments	3 months
Loans past due, minimum period	90 days
Computer Software And Equipment
Summary Of Significant Accounting Policies [Line Items]
Estimated depreciable life of assets (years)	3 years
Furniture, Fixtures and Other Electronic Equipment
Summary Of Significant Accounting Policies [Line Items]
Estimated depreciable life of assets (years)	5 years
Building Improvements
Summary Of Significant Accounting Policies [Line Items]
Estimated depreciable life of assets (years)	10 years
Buildings
Summary Of Significant Accounting Policies [Line Items]
Estimated depreciable life of assets (years)	30 years

Regulatory Matters - Additional

Regulatory Matters - Additional Information (Details)	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
Minimum ratio of tier 1 capital to total adjusted assets	0.040
Minimum ratio of common equity tier 1 to risk-weighted assets	7%
Minimum ratio of tier 1 leverage ratio, For capital adequacy purposes	0.085
Minimum ratio of total capital to risk-weighted assets	0.105
Capital conversation buffer	0.0250
Capital conservation buffer (as a percent)	0.0250

Regulatory Matters - Summary of

Regulatory Matters - Summary of Regulatory Capital Amounts and Ratios (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital (to average assets), Actual Ratio	0.040
Common equity Tier 1 (to risk-weighted assets), Actual Ratio	7%
Tier 1 capital (to average assets), For capital adequacy purposes Ratio	0.085
Total capital (to risk-weighted assets) For capital adequacy purposes Ratio	0.105
Capital conservation buffer (as a percent)	0.0250
OceanFirst Financial Corp.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital (to average assets), Actual Amount	$ 1,150,690	$ 1,044,518
Common equity Tier 1 (to risk-weighted asset), Actual Amount	1,021,774	917,088
Tier 1 capital (to risk-weighted assets), Actual Amount	1,150,690	1,044,518
Total capital (to risk-weighted assets), Actual Amount	$ 1,336,652	$ 1,257,372
Tier 1 capital (to average assets), Actual Ratio	0.0943	0.0922
Common equity Tier 1 (to risk-weighted assets), Actual Ratio	9.93%	10.26%
Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1118	0.1168
Total capital (to risk-weighted assets), Actual Ratio	0.1298	0.1406
Tier 1 capital (to average assets), For capital adequacy purposes Amount	$ 488,297	$ 453,087
Common equity Tier 1 (to risk-weighted asset), For capital adequacy purposes Amount	720,641	625,801
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Amount	875,064	759,902
Total capital (to risk-weighted assets), For capital adequacy purposes Amount	$ 1,080,961	$ 938,702
Tier 1 capital (to average assets), For capital adequacy purposes Ratio	0.0400	0.0400
Common equity Tier 1 (to risk-weighted assets), For capital adequacy purposes Ratio	7%	7%
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Ratio	0.0850	0.0850
Total capital (to risk-weighted assets) For capital adequacy purposes Ratio	0.1050	0.1050
OceanFirst Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital (to average assets), Actual Amount	$ 1,122,946	$ 1,027,660
Common equity Tier 1 (to risk-weighted asset), Actual Amount	1,122,946	1,027,660
Tier 1 capital (to risk-weighted assets), Actual Amount	1,122,946	1,027,660
Total capital (to risk-weighted assets), Actual Amount	$ 1,183,705	$ 1,079,766
Tier 1 capital (to average assets), Actual Ratio	0.0920	0.0908
Common equity Tier 1 (to risk-weighted assets), Actual Ratio	11.02%	11.62%
Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1102	0.1162
Total capital (to risk-weighted assets), Actual Ratio	0.1162	0.1221
Tier 1 capital (to average assets), For capital adequacy purposes Amount	$ 488,033	$ 452,669
Common equity Tier 1 (to risk-weighted asset), For capital adequacy purposes Amount	713,194	619,178
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Amount with buffer	866,021	751,860
Total capital (to risk-weighted assets), For capital adequacy purposes Amount	$ 1,069,791	$ 928,768
Tier 1 capital (to average assets), For capital adequacy purposes Ratio	0.0400	0.0400
Common equity Tier 1 (to risk-weighted assets), For capital adequacy purposes Ratio	7%	7%
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Ratio with buffer	0.0850	0.0850
Total capital (to risk-weighted assets) For capital adequacy purposes Ratio	0.1050	0.1050
Tier 1 capital (to average assets), To be well capitalized under Prompt Corrective Action Amount	$ 610,041	$ 565,836
Common equity Tier 1 (to risk-weighted asset), To be well capitalized under Prompt Corrective Action Amount	662,251	574,951
Tier 1 capital (to risk-weighted assets), To be well capitalized under Prompt Corrective Action Amount	815,078	707,633
Total capital (to risk-weighted assets), To be well capitalized under Prompt Corrective Action Amount	$ 1,018,848	$ 884,541
Tier 1 capital (to average assets), To be well capitalized under Prompt Corrective Action Ratio	0.0500	0.0500
Common equity Tier 1 (to risk-weighted asset), To be well capitalized under Prompt Corrective Action Ratio	6.50%	6.50%
Tier 1 capital (to risk-weighted assets), To be well capitalized under Prompt Corrective Action Ratio	0.0800	0.0800
Total capital (to risk-weighted assets), To be well capitalized under Prompt Corrective Action Ratio	0.1000	0.1000

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 01, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill		$ 506,146	$ 500,319
Merger related expenses		$ 2,735	$ 1,503	$ 15,947
Trident Abstract Title Agency, LLC
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	60%
Consideration paid	$ 7,084
Goodwill	$ 5,827

Business Combinations- Summary

Business Combinations- Summary of Estimated Fair Values of Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands	Apr. 01, 2022	Dec. 31, 2022	Dec. 31, 2021
Liabilities assumed:
Goodwill		$ 506,146	$ 500,319
Trident Abstract Title Agency, LLC
Business Acquisition [Line Items]
Total purchase price:	$ 7,084
Assets acquired:
Cash and cash equivalents	45,693
Other current assets	238
Premises and equipment	18
ROU asset	779
Other assets	81
Total assets acquired	46,809
Liabilities assumed:
Lease liability	779
Other liabilities	43,937
Total liabilities assumed	44,716
Net assets acquired	2,093
Net assets attributable to non-controlling interest	836
Goodwill	$ 5,827

Business Combinations - Schedul

Business Combinations - Schedule of Merger Related Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Combination and Asset Acquisition [Abstract]
Data processing fees	$ 790	$ 253	$ 3,758
Professional fees	1,936	343	3,638
Employee severance payments	7	663	7,727
Other/miscellaneous fees	2	244	824
Merger related expenses	$ 2,735	$ 1,503	$ 15,947

Business Combinations - Sched_2

Business Combinations - Schedule of Future Amortization Expense (Details) - Core Deposit $ in Thousands	Dec. 31, 2022 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
2023	$ 3,984
2024	3,250
2025	2,516
2026	1,784
2027	1,112
Thereafter	851
Total	$ 13,497

Securities - Amortized Cost and

Securities - Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	$ 503,404	$ 569,874
Available-for-sale, gross unrealized gains	1	1,275
Available-for-sale, gross unrealized losses	(45,757)	(2,894)
Available-for-sale, fair value	457,648	568,255
Allowance for securities credit losses	0	0
Amortized Cost	1,224,564	1,143,548
Held-to-maturity, gross unrealized losses	1,244	18,967
Held-to-maturity, gross unrealized losses	(115,767)	(9,771)
Debt securities held-to-maturity	1,110,041	1,152,744
Allowance for securities credit losses	(1,128)	(1,467)	$ (1,715)
Total, amortized cost	1,727,968	1,713,422
Total, gross unrealized gains	1,245	20,242
Total, gross unrealized losses	(161,524)	(12,665)
Total, estimated fair value	1,567,689	1,720,999
U.S. government and agency obligations
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	87,648	164,756
Available-for-sale, gross unrealized gains	1	1,135
Available-for-sale, gross unrealized losses	(7,635)	(471)
Available-for-sale, fair value	80,014	165,420
Allowance for securities credit losses	0	0
Corporate debt securities
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	8,928	5,000
Available-for-sale, gross unrealized gains	0	42
Available-for-sale, gross unrealized losses	(756)	(11)
Available-for-sale, fair value	8,172	5,031
Allowance for securities credit losses	0	0
Amortized Cost	56,893	68,823
Held-to-maturity, gross unrealized losses	380	1,628
Held-to-maturity, gross unrealized losses	(3,778)	(1,279)
Debt securities held-to-maturity	53,495	69,172
Allowance for securities credit losses	(1,059)	(1,343)
Asset-backed securities
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	296,222	298,976
Available-for-sale, gross unrealized gains	0	41
Available-for-sale, gross unrealized losses	(19,349)	(1,489)
Available-for-sale, fair value	276,873	297,528
Allowance for securities credit losses	0	0
Agency commercial MBS
Securities Financing Transaction [Line Items]
Available-for-sale, amortized cost	110,606	101,142
Available-for-sale, gross unrealized gains	0	57
Available-for-sale, gross unrealized losses	(18,017)	(923)
Available-for-sale, fair value	92,589	100,276
Allowance for securities credit losses	0	0
Amortized Cost	32,127	4,385
Held-to-maturity, gross unrealized losses	23	7
Held-to-maturity, gross unrealized losses	(1,189)	(44)
Debt securities held-to-maturity	30,961	4,348
Allowance for securities credit losses	0	0
State, municipal and sovereign debt obligations
Securities Financing Transaction [Line Items]
Amortized Cost	260,249	281,389
Held-to-maturity, gross unrealized losses	46	10,185
Held-to-maturity, gross unrealized losses	(24,940)	(1,164)
Debt securities held-to-maturity	235,355	290,410
Allowance for securities credit losses	(60)	(85)
Agency residential
Securities Financing Transaction [Line Items]
Amortized Cost	849,985	756,844
Held-to-maturity, gross unrealized losses	795	6,785
Held-to-maturity, gross unrealized losses	(83,586)	(7,180)
Debt securities held-to-maturity	767,194	756,449
Allowance for securities credit losses	0	0
Non-agency commercial
Securities Financing Transaction [Line Items]
Amortized Cost	25,310	32,107
Held-to-maturity, gross unrealized losses	0	362
Held-to-maturity, gross unrealized losses	(2,274)	(104)
Debt securities held-to-maturity	23,036	32,365
Allowance for securities credit losses	(9)	(39)
Total mortgage-backed securities
Securities Financing Transaction [Line Items]
Amortized Cost	907,422	793,336
Held-to-maturity, gross unrealized losses	818	7,154
Held-to-maturity, gross unrealized losses	(87,049)	(7,328)
Debt securities held-to-maturity	821,191	793,162
Allowance for securities credit losses	$ (9)	$ (39)

Securities - Allowance for Cred

Securities - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Allowance for credit losses
Beginning balance	$ (1,467)	$ (1,715)
Credit loss benefit	339	248
Total ending allowance balance	$ (1,128)	$ (1,467)

Securities - Credit Quality Ind

Securities - Credit Quality Indicator (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Securities Financing Transaction [Line Items]
Carrying value	$ 342,453
Investment Grade
Securities Financing Transaction [Line Items]
Carrying value	327,459
Non-Investment Grade/Non-rated
Securities Financing Transaction [Line Items]
Carrying value	14,993
State, municipal and sovereign debt obligations
Securities Financing Transaction [Line Items]
Carrying value	260,249
State, municipal and sovereign debt obligations | Investment Grade
Securities Financing Transaction [Line Items]
Carrying value	260,249
State, municipal and sovereign debt obligations | Non-Investment Grade/Non-rated
Securities Financing Transaction [Line Items]
Carrying value	0
Corporate debt securities
Securities Financing Transaction [Line Items]
Carrying value	56,893
Corporate debt securities | Investment Grade
Securities Financing Transaction [Line Items]
Carrying value	41,900
Corporate debt securities | Non-Investment Grade/Non-rated
Securities Financing Transaction [Line Items]
Carrying value	14,993
Non-agency commercial MBS
Securities Financing Transaction [Line Items]
Carrying value	25,310
Non-agency commercial MBS | Investment Grade
Securities Financing Transaction [Line Items]
Carrying value	25,310
Non-agency commercial MBS | Non-Investment Grade/Non-rated
Securities Financing Transaction [Line Items]
Carrying value	$ 0

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2013
Investment [Line Items]
Available-for-sale securities transferred to held-to-maturity securities		$ 12,700,000	$ 536,000,000
Unrealized net loss on securities reclassified from available-for-sale to held-to-maturity, Gross		(209,000)	$ (13,300,000)
Debt securities, available-for-sale, realized gain (loss)	$ (108,000)	0
Equity investments	102,037,000	$ 101,155,000
Corporate debt securities
Investment [Line Items]
Amortized cost	62,900,000
Fair value	58,800,000
State, municipal and sovereign debt obligations
Investment [Line Items]
Amortized cost	83,200,000
Fair value	78,200,000
Asset-backed securities
Investment [Line Items]
Amortized cost	296,200,000
Fair value	$ 276,900,000

Securities - Carrying Value of

Securities - Carrying Value of Held-to-Maturity Investment Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Amortized cost	$ 1,224,564	$ 1,143,548
Net loss on date of transfer from available-for-sale	(13,556)	(13,556)
Allowance for securities credit losses	(1,128)	(1,467)	$ (1,715)
Accretion of net unrealized loss on securities reclassified as held-to-maturity	11,258	10,668
Carrying value	$ 1,221,138	$ 1,139,193

Securities - Amortized Cost a_2

Securities - Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Amortized Cost
Less than one year	$ 41,088
Due after one year through five years	167,126
Due after five years through ten years	224,954
Due after ten years	276,772
Amortized Cost, Total investment securities	709,940
Estimated Fair Value
Less than one year	40,795
Due after one year through five years	154,288
Due after five years through ten years	207,054
Due after ten years	251,772
Estimated Fair Value, Total investment securities	$ 653,909

Securities - Estimated Fair Val

Securities - Estimated Fair Value and Unrealized Loss for Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	$ 184,141	$ 444,596
Available-for-sale, Less than 12 months, Unrealized Losses	(11,497)	(2,894)
Available-for-sale, 12 months or Longer, Estimated Fair Value	273,507	0
Available-for-sale, 12 months or longer, Unrealized Losses	(34,260)	0
Available-for-sale, Total, Estimated Fair Value	457,648	444,596
Available-for-sale, Total, Unrealized Losses	(45,757)	(2,894)
Held-to-maturity, Less than 12 months, Estimated Fair Value	485,346	572,009
Held-to-maturity, Less than 12 months, Unrealized Losses	(27,725)	(8,309)
Held-to-maturity, 12 months or longer, Estimated Fair Value	538,583	55,402
Held-to-maturity, 12 months or longer, Unrealized Losses	(88,042)	(1,462)
Held-to-maturity, Total, Estimated Fair Value	1,023,929	627,411
Held-to-maturity, total, unrealized losses	(115,767)	(9,771)
Total securities, Less than 12 months, Estimated Fair Value	669,487	1,016,605
Total securities, Less than 12 months, Unrealized Losses	(39,222)	(11,203)
Total securities, 12 months or longer, Estimated Fair Value	812,090	55,402
Total securities, 12 months or longer, Unrealized Losses	(122,302)	(1,462)
Total securities, Estimated Fair Value	1,481,577	1,072,007
Total securities, Unrealized Losses	(161,524)	(12,665)
U.S. government and agency obligations | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	27,232	82,395
Available-for-sale, Less than 12 months, Unrealized Losses	(450)	(471)
Available-for-sale, 12 months or Longer, Estimated Fair Value	52,782	0
Available-for-sale, 12 months or longer, Unrealized Losses	(7,185)	0
Available-for-sale, Total, Estimated Fair Value	80,014	82,395
Available-for-sale, Total, Unrealized Losses	(7,635)	(471)
Corporate debt securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, total, unrealized losses	(3,778)	(1,279)
Corporate debt securities | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	4,735	1,989
Available-for-sale, Less than 12 months, Unrealized Losses	(193)	(11)
Available-for-sale, 12 months or Longer, Estimated Fair Value	3,437	0
Available-for-sale, 12 months or longer, Unrealized Losses	(563)	0
Available-for-sale, Total, Estimated Fair Value	8,172	1,989
Available-for-sale, Total, Unrealized Losses	(756)	(11)
Held-to-maturity, Less than 12 months, Estimated Fair Value	11,783	38,304
Held-to-maturity, Less than 12 months, Unrealized Losses	(598)	(1,279)
Held-to-maturity, 12 months or longer, Estimated Fair Value	36,152	0
Held-to-maturity, 12 months or longer, Unrealized Losses	(3,180)	0
Held-to-maturity, Total, Estimated Fair Value	47,935	38,304
Held-to-maturity, total, unrealized losses	(3,778)	(1,279)
Asset-backed securities | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	143,392	279,486
Available-for-sale, Less than 12 months, Unrealized Losses	(9,179)	(1,489)
Available-for-sale, 12 months or Longer, Estimated Fair Value	133,481	0
Available-for-sale, 12 months or longer, Unrealized Losses	(10,170)	0
Available-for-sale, Total, Estimated Fair Value	276,873	279,486
Available-for-sale, Total, Unrealized Losses	(19,349)	(1,489)
Mortgage-Backed Securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	340,071	458,376
Held-to-maturity, Less than 12 months, Unrealized Losses	(15,175)	(5,967)
Held-to-maturity, 12 months or longer, Estimated Fair Value	405,296	51,019
Held-to-maturity, 12 months or longer, Unrealized Losses	(71,874)	(1,361)
Held-to-maturity, Total, Estimated Fair Value	745,367	509,395
Held-to-maturity, total, unrealized losses	(87,049)	(7,328)
Mortgage-Backed Securities | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Fair Value	8,782	80,726
Available-for-sale, Less than 12 months, Unrealized Losses	(1,675)	(923)
Available-for-sale, 12 months or Longer, Estimated Fair Value	83,807	0
Available-for-sale, 12 months or longer, Unrealized Losses	(16,342)	0
Available-for-sale, Total, Estimated Fair Value	92,589	80,726
Available-for-sale, Total, Unrealized Losses	(18,017)	(923)
Mortgage-Backed Securities | Agency residential
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	297,296	445,399
Held-to-maturity, Less than 12 months, Unrealized Losses	(12,404)	(5,822)
Held-to-maturity, 12 months or longer, Estimated Fair Value	397,036	50,133
Held-to-maturity, 12 months or longer, Unrealized Losses	(71,182)	(1,358)
Held-to-maturity, Total, Estimated Fair Value	694,332	495,532
Held-to-maturity, total, unrealized losses	(83,586)	(7,180)
Mortgage-Backed Securities | Agency commercial
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	25,936	2,255
Held-to-maturity, Less than 12 months, Unrealized Losses	(1,150)	(41)
Held-to-maturity, 12 months or longer, Estimated Fair Value	2,062	886
Held-to-maturity, 12 months or longer, Unrealized Losses	(39)	(3)
Held-to-maturity, Total, Estimated Fair Value	27,998	3,141
Held-to-maturity, total, unrealized losses	(1,189)	(44)
Mortgage-Backed Securities | Non-agency commercial
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	16,839	10,722
Held-to-maturity, Less than 12 months, Unrealized Losses	(1,621)	(104)
Held-to-maturity, 12 months or longer, Estimated Fair Value	6,198	0
Held-to-maturity, 12 months or longer, Unrealized Losses	(653)	0
Held-to-maturity, Total, Estimated Fair Value	23,037	10,722
Held-to-maturity, total, unrealized losses	(2,274)	(104)
State, municipal and sovereign debt obligations
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, total, unrealized losses	(24,940)	(1,164)
State, municipal and sovereign debt obligations | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	133,492	75,329
Held-to-maturity, Less than 12 months, Unrealized Losses	(11,952)	(1,063)
Held-to-maturity, 12 months or longer, Estimated Fair Value	97,135	4,383
Held-to-maturity, 12 months or longer, Unrealized Losses	(12,988)	(101)
Held-to-maturity, Total, Estimated Fair Value	230,627	79,712
Held-to-maturity, total, unrealized losses	$ (24,940)	$ (1,164)

Securities - Equity Securities

Securities - Equity Securities Realized Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Net gain on equity investments	$ 9,685	$ 7,145
Less: Net gains recognized on equity investments sold	1,351	8,123
Unrealized gain (loss) recognized on equity investments still held	$ 8,334	$ (978)

Loans Receivable, Net - Compone

Loans Receivable, Net - Components of Loans Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	$ 9,918,054	$ 8,622,870
Deferred origination costs, net of fees	7,488	9,332
Allowance for loan credit losses	(56,824)	(48,850)	$ (60,735)
Total loans receivable, net	9,868,718	8,583,352
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	6,791,691	5,882,350
Commercial | Commercial real estate - investor
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	5,171,952	4,378,061
Commercial | Commercial real estate – owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	997,367	1,055,065
Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	622,372	449,224
Commercial | Commercial and industrial | Paycheck Protection Program
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	1,600	22,900
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	3,126,363	2,740,520
Allowance for loan credit losses	(1,106)	(1,268)	$ (1,770)
Consumer | Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	2,861,991	2,479,701
Consumer | Home equity loans and lines and other consumer (“other consumer”)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans receivable	$ 264,372	$ 260,819

Loans Receivable, Net - Additio

Loans Receivable, Net - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | loan		1
Financing receivable commitments to lend additional funds on non accrual loans		$ 46,000
Troubled debt restructuring loans	$ 13,900,000	23,600,000
Non-accrual loan total troubled debt restructurings	6,400,000	11,300,000
Specific reserves to loans accruing troubled debt restructurings	590,000	0
Financing receivable impaired troubled debt restructuring performing loan amount	$ 7,500,000	12,300,000
Paycheck Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | loan	1
Financing receivable commitments to lend additional funds on non accrual loans	$ 14,000
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	160,000	277,000
Commercial real estate – owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	4,000,000	11,900,000
Commercial real estate - investor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	4,600,000	3,600,000
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	858,000	438,000
Foreclosed property held	$ 0	$ 106,000
Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR, Subsequent default, number of contracts | loan		1
Troubled debt restructuring		$ 15,000
Commercial real estate – investor
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR, Subsequent default, number of contracts | loan		1
Troubled debt restructuring		$ 923,000

Loans Receivable, Net - Credit

Loans Receivable, Net - Credit Grades and Risk Characteristics (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
2022	$ 2,268,186	$ 2,449,710
2021	2,092,038	1,202,923
2020	1,070,645	1,061,158
2019	942,045	585,795
2018	465,426	634,834
2017 and prior	2,131,413	2,138,982
Revolving lines of credit	948,301	549,468
Total	9,918,054	8,622,870
Commercial real estate - investor
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,144,763	1,387,753
2021	1,341,797	614,183
2020	556,129	588,147
2019	542,415	284,530
2018	220,999	386,872
2017 and prior	912,342	856,980
Revolving lines of credit	453,507	259,596
Total	5,171,952	4,378,061
Commercial real estate - investor | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,144,763	1,387,753
2021	1,339,289	609,916
2020	555,937	535,551
2019	524,428	274,662
2018	220,999	375,646
2017 and prior	881,344	800,089
Revolving lines of credit	450,787	255,613
Total	5,117,547	4,239,230
Commercial real estate - investor | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	2,508	0
2020	192	23,794
2019	17,094	9,400
2018	0	2,731
2017 and prior	12,818	28,663
Revolving lines of credit	2,188	582
Total	34,800	65,170
Commercial real estate - investor | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	4,267
2020	0	28,802
2019	893	468
2018	0	8,495
2017 and prior	18,180	28,228
Revolving lines of credit	532	3,401
Total	19,605	73,661
Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
2022	119,912	116,355
2021	110,440	71,196
2020	63,702	140,743
2019	117,422	103,909
2018	93,769	115,317
2017 and prior	477,190	495,913
Revolving lines of credit	14,932	11,632
Total	997,367	1,055,065
Commercial real estate – owner occupied | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2022	119,912	116,355
2021	110,440	71,196
2020	59,952	125,212
2019	115,385	91,531
2018	88,204	109,232
2017 and prior	458,708	449,966
Revolving lines of credit	14,932	10,913
Total	967,533	974,405
Commercial real estate – owner occupied | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	1,365
2019	0	3,829
2018	748	479
2017 and prior	5,679	14,371
Revolving lines of credit	0	2
Total	6,427	20,046
Commercial real estate – owner occupied | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	3,750	14,166
2019	2,037	8,549
2018	4,817	5,606
2017 and prior	12,803	31,576
Revolving lines of credit	0	717
Total	23,407	60,614
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2022	60,078	42,955
2021	23,752	23,030
2020	14,148	25,390
2019	18,258	17,567
2018	11,293	8,954
2017 and prior	49,832	53,088
Revolving lines of credit	445,011	278,240
Total	622,372	449,224
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2022	60,078	42,955
2021	23,724	22,573
2020	14,072	22,878
2019	17,175	16,404
2018	10,992	8,671
2017 and prior	47,370	50,887
Revolving lines of credit	443,211	271,818
Total	616,622	436,186
Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	7	0
2020	0	231
2019	0	350
2018	0	85
2017 and prior	250	172
Revolving lines of credit	1,680	3,645
Total	1,937	4,483
Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	21	457
2020	76	2,281
2019	1,083	813
2018	301	198
2017 and prior	2,212	2,029
Revolving lines of credit	120	2,777
Total	3,813	8,555
Home equity loans and lines and other consumer (“other consumer”)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	264,372	260,819
Home equity loans and lines and other consumer (“other consumer”) | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	919,364	876,135
2021	591,938	475,346
2020	421,226	288,699
2019	248,247	127,817
2018	100,290	105,736
2017 and prior	580,926	605,968
Revolving lines of credit	0	0
Total	2,861,991	2,479,701
Home equity loans and lines and other consumer (“other consumer”) | Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2022	24,069	26,512
2021	24,111	19,168
2020	15,440	18,179
2019	15,703	51,972
2018	39,075	17,955
2017 and prior	111,123	127,033
Revolving lines of credit	34,851	0
Total	264,372	260,819
Home equity loans and lines and other consumer (“other consumer”) | Pass | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	919,364	876,135
2021	591,745	475,134
2020	419,712	288,699
2019	247,387	127,756
2018	99,945	105,385
2017 and prior	577,392	602,331
Revolving lines of credit	0	0
Total	2,855,545	2,475,440
Home equity loans and lines and other consumer (“other consumer”) | Pass | Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2022	24,069	26,512
2021	24,111	19,168
2020	15,440	18,179
2019	15,471	51,954
2018	39,057	17,955
2017 and prior	108,818	123,783
Revolving lines of credit	34,851	0
Total	261,817	257,551
Home equity loans and lines and other consumer (“other consumer”) | Special Mention | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	193	212
2020	1,514	0
2019	204	61
2018	59	0
2017 and prior	2,407	1,313
Revolving lines of credit	0	0
Total	4,377	1,586
Home equity loans and lines and other consumer (“other consumer”) | Special Mention | Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	75	0
2018	0	0
2017 and prior	598	322
Revolving lines of credit	0	0
Total	673	322
Home equity loans and lines and other consumer (“other consumer”) | Substandard | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	656	0
2018	286	351
2017 and prior	1,127	2,324
Revolving lines of credit	0	0
Total	2,069	2,675
Home equity loans and lines and other consumer (“other consumer”) | Substandard | Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	157	18
2018	18	0
2017 and prior	1,707	2,928
Revolving lines of credit	0	0
Total	$ 1,882	$ 2,946

Loans Receivable, Net - Allowan

Loans Receivable, Net - Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method Excluding PCI Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Balance at period start	$ 48,850	$ 60,735
Credit loss (benefit) expense	7,634	(12,346)
Charge-offs	(573)	(1,031)
Recoveries	913	1,492
Balance at period end	56,824	48,850
Commercial Real Estate - Investor
Allowance for Loan and Lease Losses [Roll Forward]
Balance at period start	25,504	26,703
Credit loss (benefit) expense	(4,481)	(974)
Charge-offs	(8)	(345)
Recoveries	55	120
Balance at period end	21,070	25,504
Commercial real estate – owner occupied
Allowance for Loan and Lease Losses [Roll Forward]
Balance at period start	5,884	15,054
Credit loss (benefit) expense	(1,569)	(9,190)
Charge-offs	(62)	(65)
Recoveries	170	85
Balance at period end	4,423	5,884
Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Balance at period start	5,039	5,390
Credit loss (benefit) expense	561	(321)
Charge-offs	(60)	(154)
Recoveries	155	124
Balance at period end	5,695	5,039
Residential real estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance at period start	11,155	11,818
Credit loss (benefit) expense	13,275	(761)
Charge-offs	(56)	(254)
Recoveries	156	352
Balance at period end	24,530	11,155
Other consumer
Allowance for Loan and Lease Losses [Roll Forward]
Balance at period start	1,268	1,770
Credit loss (benefit) expense	(152)	(1,100)
Charge-offs	(387)	(213)
Recoveries	377	811
Balance at period end	$ 1,106	$ 1,268

Loans Receivable, Net - Recorde

Loans Receivable, Net - Recorded Investment in Non-Accrual Loans by Loan Portfolio Segment Excluding PCI Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 23,265	$ 25,494
Commercial real estate - investor
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	10,483	3,614
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	4,025	11,904
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	331	277
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	5,969	6,114
Other consumer
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 2,457	$ 3,585

Loans Receivable, Net - Aging o

Loans Receivable, Net - Aging of Recorded Investment in Past Due Loans Excluding PCI Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 9,918,054	$ 8,622,870
Total Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	25,728	22,728
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	8,095	12,385
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	6,052	2,161
90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	11,581	8,182
Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	9,892,326	8,600,142
Commercial real estate - investor
Financing Receivable, Past Due [Line Items]
Total Past Due	5,171,952	4,378,061
Commercial real estate - investor | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	4,792	3,528
Commercial real estate - investor | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	217	1,717
Commercial real estate - investor | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	875	102
Commercial real estate - investor | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	3,700	1,709
Commercial real estate - investor | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	5,167,160	4,374,533
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Total Past Due	997,367	1,055,065
Commercial real estate – owner occupied | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	3,973	1,174
Commercial real estate – owner occupied | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	143	599
Commercial real estate – owner occupied | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	80	0
Commercial real estate – owner occupied | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	3,750	575
Commercial real estate – owner occupied | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	993,394	1,053,891
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total Past Due	622,372	449,224
Commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	386	453
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	159	25
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	47	151
Commercial and industrial | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	180	277
Commercial and industrial | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	621,986	448,771
Residential real estate
Financing Receivable, Past Due [Line Items]
Total Past Due	2,861,991	2,479,701
Residential real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	13,449	13,966
Residential real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	7,003	9,705
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	4,377	1,586
Residential real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,069	2,675
Residential real estate | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,848,542	2,465,735
Other consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	264,372	260,819
Other consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	3,128	3,607
Other consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	573	339
Other consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	673	322
Other consumer | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,882	2,946
Other consumer | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 261,244	$ 257,212

Loans Receivable, Net - Trouble

Loans Receivable, Net - Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1
Pre-modification Recorded Investment	$ 65
Post-modification Recorded Investment	$ 65
Other consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	8	3
Pre-modification Recorded Investment	$ 1,237	$ 39
Post-modification Recorded Investment	$ 1,378	$ 49
Commercial real estate – investor
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan		1
Pre-modification Recorded Investment		$ 4,903
Post-modification Recorded Investment		$ 4,903
Commercial real estate – owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan		2
Pre-modification Recorded Investment		$ 6,406
Post-modification Recorded Investment		$ 6,423
Residential real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan		3
Pre-modification Recorded Investment		$ 244
Post-modification Recorded Investment		$ 336

Interest and Dividends Receiv_3

Interest and Dividends Receivable - Summary of Interest and Dividends Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Loans receivable	$ 36,052	$ 26,208
Debt securities	7,634	5,753
Equity investments and other	1,018	645
Total interest and dividends receivable	$ 44,704	$ 32,606

Premises and Equipment, Net - S

Premises and Equipment, Net - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Finance lease	$ 3,189	$ 2,386
Total	202,428	199,553
Accumulated depreciation and amortization	(75,723)	(73,725)
Total premises and equipment, net	126,705	125,828
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15,916	18,774
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	131,837	94,573
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,647	8,460
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	34,692	30,314
Capitalized software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,588	6,989
Other
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,559	38,057
Asset under construction
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross		$ 36,200

Premises and Equipment, Net - A

Premises and Equipment, Net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 11.5	$ 9.4	$ 8.5

Deposits - Summary of Deposits

Deposits - Summary of Deposits Including Accrued Interest Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amount
Non-interest-bearing	$ 2,101,308	$ 2,412,056
Interest-bearing checking	3,829,683	4,201,736
Money market deposit	714,386	736,090
Savings	1,487,809	1,607,933
Time deposits	1,542,020	775,001
Total deposits	$ 9,675,206	$ 9,732,816
Weighted Average Cost
Non-interest-bearing	0%	0%
Interest-bearing checking	0.45%	0.24%
Money market deposit	0.57%	0.06%
Savings	0.07%	0.03%
Time deposits	2.34%	0.95%
Total deposits	0.60%	0.19%

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Banking and Thrift, Other Disclosure [Abstract]
Accrued interest payable	$ 2,000	$ 244
Time deposits, $250,000 and over	117,700	145,400
Time deposits also include brokered deposits	$ 873,400	$ 25,000

Deposits - Summary of Time Depo

Deposits - Summary of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Banking and Thrift, Other Disclosure [Abstract]
2023	$ 1,042,730
2024	381,548
2025	81,524
2026	10,747
2027	19,565
Thereafter	5,906
Total	$ 1,542,020	$ 775,001

Deposits - Summary of Interest

Deposits - Summary of Interest Expense on Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Banking and Thrift, Other Disclosure [Abstract]
Interest-bearing checking	$ 11,344	$ 13,400	$ 19,395
Money market deposit	2,234	1,105	2,902
Savings	758	631	2,505
Time deposits	16,685	10,074	23,488
Total interest expense on deposits	$ 31,021	$ 25,210	$ 48,290

Borrowed Funds - Summary of Bor

Borrowed Funds - Summary of Borrowed Funds (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Federal Home Loan Bank ("FHLB") advances	$ 1,211,166	$ 0
Securities sold under agreements to repurchase with retail customers, amount	69,097	118,769
Other borrowings, amount	195,403	229,141
Total Borrowed funds, Amount	$ 1,475,666	$ 347,910
Weighted Average
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
FHLB advances, weighted average rate	4.59%	0%
Securities sold under agreements to repurchase with retail customer, weighted average rate	0.16%	0.16%
Other borrowings, weighted average rate	5.87%	4.47%
Total Borrowed funds, weighted average rate	4.55%	3%

Borrowed Funds - Additional Inf

Borrowed Funds - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Net proceeds from issuance of subordinated notes		$ 0	$ 0	$ 122,180
Carrying value		1,221,138	1,139,193
Mortgage loans		6,490,000
Federal Home Loan Bank Advances, Federal Reserve Discount Window And Other Borrowings
Debt Instrument [Line Items]
Carrying value		935,400	1,140,000
Securities Sold under Agreements to Repurchase
Debt Instrument [Line Items]
Carrying value		$ 105,300	$ 142,900
Maturing September 30, 2026 | Subordinated debt
Debt Instrument [Line Items]
Net proceeds from issuance of subordinated notes	$ 35,000
Debt instrument, interest rate, stated percentage	4.14%
Maturing September 30, 2026 | Subordinated debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Floating rate percentage	3.92%

Borrowed Funds - FHLB advances

Borrowed Funds - FHLB advances and reverse repurchase agreements have contractual maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
FHLB Advances
2023	$ 1,209,500
2025	1,666
Total	1,211,166	$ 0
Repurchase Agreements
2023	69,097
2025	0
Total	$ 69,097	$ 118,769

Borrowed Funds - Schedule of Ot

Borrowed Funds - Schedule of Other Borrowings (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Stated Value	$ 209,434,000
Carrying Value	$ 195,403,000
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Floating rate percentage	4%
Maturing May 15, 2030 | Subordinated debt
Debt Instrument [Line Items]
Stated Value	$ 125,000,000
Carrying Value	$ 123,537,000
Debt instrument, interest rate, stated percentage	5.701%
Maturing December 15, 2034 | Trust preferred
Debt Instrument [Line Items]
Stated Value	$ 10,000,000
Carrying Value	$ 8,123,000
Maturing December 15, 2034 | Trust preferred | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	2.25%
Maturing March 15, 2036 | Trust preferred
Debt Instrument [Line Items]
Stated Value	$ 30,000,000
Carrying Value	$ 23,589,000
Maturing March 15, 2036 | Trust preferred | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	1.35%
Maturing August 1, 2036 | Trust preferred
Debt Instrument [Line Items]
Stated Value	$ 5,000,000
Carrying Value	$ 5,000,000
Maturing August 1, 2036 | Trust preferred | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	1.65%
Maturing November 1, 2036 | Trust preferred
Debt Instrument [Line Items]
Stated Value	$ 7,500,000
Carrying Value	$ 7,500,000
Maturing November 1, 2036 | Trust preferred | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	1.66%
Maturing June 30, 2037 | Trust preferred
Debt Instrument [Line Items]
Stated Value	$ 10,000,000
Carrying Value	$ 7,922,000
Maturing June 30, 2037 | Trust preferred | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	1.53%
Maturing September 1, 2037 | Trust preferred
Debt Instrument [Line Items]
Stated Value	$ 10,000,000
Carrying Value	$ 10,000,000
Maturing September 1, 2037 | Trust preferred | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	1.75%
Maturing October 1, 2037 | Trust preferred
Debt Instrument [Line Items]
Stated Value	$ 10,000,000
Carrying Value	$ 7,798,000
Maturing October 1, 2037 | Trust preferred | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	1.39%
Maturing July 31, 2029
Debt Instrument [Line Items]
Stated Value	$ 1,934,000
Carrying Value	$ 1,934,000
Debt instrument, interest rate, stated percentage	5.625%
May 15, 2025 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Floating rate percentage	5.095%

Borrowed Funds - Interest Expen

Borrowed Funds - Interest Expense on Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
FHLB advances	$ 10,365	$ 0	$ 7,018
Reverse repurchase agreements	159	253	562
Other borrowings	12,153	11,291	10,787
Total interest expense on borrowings	$ 22,677	$ 11,544	$ 18,367

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current
Federal	$ 32,981	$ 19,696	$ 15,731
State	11,807	8,861	6,617
Total current	44,788	28,557	22,348
Deferred
Federal	2,231	3,228	(2,746)
State	(454)	380	(1,869)
Total deferred	1,777	3,608	(4,615)
Total provision for income taxes	$ 46,565	$ 32,165	$ 17,733

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
Unrealized loss on securities, tax expense	$ 10,400,000	$ (870,000)	$ 721,000
Retained earnings not provided for provision for income tax	10,800,000
Tax cuts and jobs act of 2017, change in tax rate, income tax expense (benefit)				$ 1,900,000	$ 3,600,000
Unrecognized tax benefits	0	0	$ 0
Accumulated Other Comprehensive (Loss) Gain
Operating Loss Carryforwards [Line Items]
Tax cuts and jobs act of 2017, change in tax rate, income tax expense (benefit)	550,000
Other Comprehensive Income
Operating Loss Carryforwards [Line Items]
Tax cuts and jobs act of 2017, change in tax rate, income tax expense (benefit)	1,800,000
Colonial American Bank
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	3,900,000	4,300,000
Operating loss carryforwards, subject to expiration	330,000
Sun Bancorp, Inc.
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	106,100,000	129,400,000
Tax credit	2,300,000	$ 2,300,000
Sun Bancorp, Inc. | Tax Year 2022
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, limitations on use, amount	23,300,000
Sun Bancorp, Inc. | After Tax Year 2022
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, limitations on use, amount	$ 9,300,000

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income before provision for income taxes	$ 193,922	$ 142,241	$ 81,042
Federal income tax, at statutory rates	21%	21%	21%
Computed “expected” federal income tax expense	$ 40,724	$ 29,871	$ 17,019
Increase (decrease) in federal income tax expense resulting from
State income taxes, net of federal benefit	8,927	7,223	3,751
Earnings on BOLI	(1,381)	(1,435)	(1,349)
Tax exempt interest	(786)	(768)	(1,161)
Merger related expenses	90	24	138
Stock compensation	26	(110)	(136)
Reclassification of certain tax effect from accumulated other comprehensive income	(157)	(173)	(204)
Research and development and other credits	(471)	(475)	0
Dividends received deduction	(371)	(510)	0
Other items, net	(36)	(1,482)	(325)
Total provision for income taxes	$ 46,565	$ 32,165	$ 17,733

Income Taxes - Schedule of Sign

Income Taxes - Schedule of Significant Portions of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Allowance for credit losses on loans and debt securities HTM	$ 14,887	$ 12,915
Other reserves	2,870	3,115
Incentive compensation	4,715	3,546
Deferred compensation	419	471
Stock plans	2,693	2,565
Unrealized losses on assets held-for-sale	1,080	1,626
Unrealized losses on AFS securities	11,849	1,332
Net operating loss carryforwards related to acquisition	23,100	28,057
Other, net	3,031	1,867
Federal and state alternative minimum tax	2,294	2,295
Total gross deferred tax assets	66,938	57,789
Deferred tax liabilities:
Unrealized gain on equity securities	(2,155)	0
Premises and equipment	(4,362)	(5,704)
Deferred loan and commitment costs, net	(1,937)	(2,579)
Purchase accounting adjustments	(2,300)	(2,056)
Investments, discount accretion	(365)	(371)
Total gross deferred tax liabilities	(11,119)	(10,710)
Net deferred tax assets	$ 55,819	$ 47,079

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 1998	Nov. 09, 2021	Dec. 31, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Contributions to ESOP	$ 2,700	$ 2,300
Dividends paid unallocated ESOP shares	245	268
Outstanding loan	$ 6,800	$ 9,200
Unallocated shares of ESOP (in shares)	317,343	437,725
Fair value of unallocated shares	$ 6,700
Total	$ 7,192	$ 5,405	$ 4,258
Shares allocated to participants (in shares)	2,645,342
Shares committed to be released (in shares)	120,382
Employee Stock Ownership Plan
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Minimum age limit for employees to participate in ESOP (years)	21 years
Employee stock ownership plan ESOP minimum service period	1 year
Minimum number of working hours (hours)	1000 hours
Employee stock ownership plan ESOP, vesting period	5 years
ESOP original borrowings	$ 13,400
Purchase of common stock shares (in shares)	2,013,137
Additional borrowings				$ 8,200	$ 3,200	$ 8,400
Additional common stock shares (in shares)				633,750	145,693	292,592
Fixed interest rate (percent)				8.25%	0.22%	3.25%
Total	$ 2,500	2,200	1,100
Increase (decrease) in the average fair value	$ 82	$ 179	$ (80)
Employee Stock Ownership Plan | Minimum
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Extended loan term (years)				12 years
Employee Stock Ownership Plan | Maximum
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Extended loan term (years)				30 years

Incentive Plans - Summary of Ov

Incentive Plans - Summary of Overview of Incentive Plan (Details)	Dec. 31, 2022 shares
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total authorized awards (in shares)	10,950,000
Total authorized but not issued shares (in shares)	4,554,577
Stock options | 2020 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total authorized awards (in shares)	6,950,000
Total authorized but not issued shares (in shares)	4,354,574
Stock options | 2011 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total authorized awards (in shares)	4,000,000
Total authorized but not issued shares (in shares)	200,003
Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total authorized awards (in shares)	4,380,000
Total authorized but not issued shares (in shares)	1,821,831
Stock Awards | 2020 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total authorized awards (in shares)	2,780,000
Total authorized but not issued shares (in shares)	1,741,830
Stock Awards | 2011 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total authorized awards (in shares)	1,600,000
Total authorized but not issued shares (in shares)	80,001

Incentive Plans - Additional In

Incentive Plans - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value for stock options outstanding	$ 3.7
Aggregate intrinsic value for stock options exercisable	3.4
Compensation cost related to non-vested awards not yet recognized	$ 15.1
Vesting period of compensation cost related to non-vested awards	2 years 2 months 23 days
Stock Awards | Performance Shares 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	3 years
Stock Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	3 years
Stock Awards | Minimum | Performance Shares 2021 And 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	4 years
Stock Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	5 years
Stock Awards | Maximum | Performance Shares 2021 And 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	5 years
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock incentive plan expiration period (years)	10 years
Phantom stock units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	3 years
Phantom stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	5 years
Tranche One | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock incentive plan vesting rate (percent)	20%

Incentive Plans - Summary of Fa

Incentive Plans - Summary of Fair Value of Stock Options Granted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020
Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.36%
Expected performance period	2 years 10 months 24 days
Expected volatility	41.10%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		1.03%
Expected performance period		7 years
Expected volatility		23%
Expected dividend yield		3.33%
Weighted average fair value of an option share granted during the year (in dollars per share)		$ 2.93
Intrinsic value of options exercised during the year (in thousands)		$ 2,499

Incentive Plans - Summary of Gr

Incentive Plans - Summary of Granted but Unvested Stock Award Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Shares
Number of Shares, Outstanding at beginning of year (in shares)	778,971	575,996	451,443
Number of Shares, Granted (in shares)	279,750	388,392	256,649
Number of Shares, Vested (in shares)	(190,094)	(126,292)	(96,564)
Number of Shares, Forfeited (in shares)	(33,287)	(59,125)	(35,532)
Number of Shares, Outstanding at end of year (in shares)	835,340	778,971	575,996
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Outstanding at beginning of year (in dollars per share)	$ 22.30	$ 23.42	$ 25.61
Weighted Average Grant Date Fair Value, Granted (in dollars per share)	21.47	21.53	20.38
Weighted Average Grant Date Fair Value, Vested (in dollars per share)	23.14	24.04	24.41
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share)	22.17	24.39	26.56
Weighted Average Grant Date Fair Value, Outstanding at end of year (in dollars per share)	$ 21.84	$ 22.30	$ 23.42

Incentive Plans - Summary of Op

Incentive Plans - Summary of Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Shares
Number of shares, outstanding at beginning of year (in shares)	2,458,255	2,838,867	2,424,032
Number of shares, granted (in shares)	0	0	699,651
Number of shares, exercised (in shares)	(217,038)	(264,717)	(213,506)
Number of shares, forfeited (in shares)	0	(1,828)	(6,357)
Number of shares, expired (in shares)	(30,533)	(114,067)	(64,953)
Number of shares, outstanding at end of year (in shares)	2,210,684	2,458,255	2,838,867
Number of shares, options exercisable at end of year (in shares)	1,645,901	1,583,521	1,596,927
Weighted Average Exercise Price
Weighted average exercise price, outstanding at beginning of year (in dollars per share)	$ 21.02	$ 20.67	$ 19.80
Weighted average exercise price, granted (in dollars per share)	0	0	20.44
Weighted average exercise price, exercised (in dollars per share)	14.17	14.80	9.50
Weighted average exercise price, forfeited (in dollars per share)	0	23.78	21.26
Weighted average exercise price, expired (in dollars per share)	23.68	26.62	22.51
Weighted average exercise price, outstanding at end of year (in dollars per share)	$ 21.66	$ 21.02	$ 20.67

Incentive Plans - Summary of St

Incentive Plans - Summary of Stock Options Outstanding (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of options outstanding (in shares) | shares	2,210,684
Weighted average remaining contractual life, options outstanding (years)	4 years 8 months 12 days
Weighted average exercise price, options outstanding (in dollars per share)	$ 21.66
Number of options exercisable (in shares) | shares	1,645,901
Weighted average remaining contractual life, options exercisable (years)	4 years
Weighted average exercise price, options exercisable (in dollars per share)	$ 21.57
$11.70 to $16.03
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices lower limit (usd per share)	11.70
Exercise prices higher limit (in dollars per share)	$ 16.03
Number of options outstanding (in shares) | shares	194,374
Weighted average remaining contractual life, options outstanding (years)	3 months 18 days
Weighted average exercise price, options outstanding (in dollars per share)	$ 14.19
Number of options exercisable (in shares) | shares	194,374
Weighted average remaining contractual life, options exercisable (years)	3 months 18 days
Weighted average exercise price, options exercisable (in dollars per share)	$ 14.19
16.04 to 20.36
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices lower limit (usd per share)	16.04
Exercise prices higher limit (in dollars per share)	$ 20.36
Number of options outstanding (in shares) | shares	464,706
Weighted average remaining contractual life, options outstanding (years)	2 years 2 months 12 days
Weighted average exercise price, options outstanding (in dollars per share)	$ 17.45
Number of options exercisable (in shares) | shares	464,706
Weighted average remaining contractual life, options exercisable (years)	2 years 2 months 12 days
Weighted average exercise price, options exercisable (in dollars per share)	$ 17.45
20.37 to 24.69
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices lower limit (usd per share)	20.37
Exercise prices higher limit (in dollars per share)	$ 24.69
Number of options outstanding (in shares) | shares	733,485
Weighted average remaining contractual life, options outstanding (years)	6 years 10 months 24 days
Weighted average exercise price, options outstanding (in dollars per share)	$ 20.55
Number of options exercisable (in shares) | shares	334,172
Weighted average remaining contractual life, options exercisable (years)	6 years 7 months 6 days
Weighted average exercise price, options exercisable (in dollars per share)	$ 20.68
24.70 to 29.01
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices lower limit (usd per share)	24.70
Exercise prices higher limit (in dollars per share)	$ 29.01
Number of options outstanding (in shares) | shares	818,119
Weighted average remaining contractual life, options outstanding (years)	5 years 2 months 12 days
Weighted average exercise price, options outstanding (in dollars per share)	$ 26.82
Number of options exercisable (in shares) | shares	652,649
Weighted average remaining contractual life, options exercisable (years)	5 years
Weighted average exercise price, options exercisable (in dollars per share)	$ 27.16

Incentive Plans - Summary of Co

Incentive Plans - Summary of Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	$ 7,192	$ 5,405	$ 4,258
Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	5,698	4,161	2,792
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	940	1,244	1,466
Phantom stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	$ 554	$ 0	$ 0

Commitments, Contingencies an_3

Commitments, Contingencies and Concentrations of Credit Risk - Summary of Commitments and Contingent Liabilities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Fixed-rate	$ 59,526
Adjustable-rate	11,280
Floating-rate	95,274
Unused consumer and residential construction loan lines of credit (primarily floating-rate)
Debt Instrument [Line Items]
Unused loan lines of credit (primarily floating-rate)	410,902
Unused commercial and commercial construction loan lines of credit (primarily floating-rate)
Debt Instrument [Line Items]
Unused loan lines of credit (primarily floating-rate)	$ 1,368,017

Commitments, Contingencies an_4

Commitments, Contingencies and Concentrations of Credit Risk - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Commitments [Line Items]
Fixed-rate loan commitments	90 days
Unfunded capital commitments related to investment funds	$ 7,500
Operating lease expense	5,000	$ 5,935	$ 6,438
Premises and Equipment
Other Commitments [Line Items]
Operating lease expense	$ 6,300	$ 7,200	$ 7,900
Minimum
Other Commitments [Line Items]
Interest rates	4.50%
Maximum
Other Commitments [Line Items]
Interest rates	9.50%

Earnings per Share - Reconcilia

Earnings per Share - Reconciliation of Shares Outstanding for Basic and Diluted Earnings per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Weighted average shares outstanding (in shares)	59,219	59,873	60,358
Less: Unallocated ESOP shares (in shares)	(378)	(360)	(426)
Unallocated incentive award shares (in shares)	(111)	(107)	(13)
Average basic shares outstanding (in shares)	58,730	59,406	59,919
Add: Effect of dilutive securities:
Incentive awards (in shares)	148	243	153
Average diluted shares outstanding (in shares)	58,878	59,649	60,072

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Antidilutive stock options excluded from earnings per share calculations (in shares)	1,544	1,566	2,242

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Financial Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 0	$ 106
Unrealized gain (loss) recognized on equity investments still held	$ 8,334	$ (978)
Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Minimum range of unobservable inputs	0%	0%
Maximum range of unobservable inputs	8%	8%
Measurement Input, Appraisal Adjustments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Minimum range of unobservable inputs	0%	0%
Maximum range of unobservable inputs	10%	10%
Fair Value Measured at Net Asset Value Per Share
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investment funds measured at NAV	$ 3,000
Items measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	457,648	$ 568,255
Equity investments	61,942	90,726
Interest rate derivative assets	113,420	22,787
Interest rate derivative liability	(113,473)	(22,855)
Items measured on a recurring basis | Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	0	0
Equity investments	430	14,608
Interest rate derivative assets	0	0
Interest rate derivative liability	0	0
Items measured on a recurring basis | Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	457,648	568,255
Equity investments	61,511	73,400
Interest rate derivative assets	113,420	22,787
Interest rate derivative liability	(113,473)	(22,855)
Items measured on a recurring basis | Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale	0	0
Equity investments	0	2,718
Interest rate derivative assets	0	0
Interest rate derivative liability	0	0
Items measured on a non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	40,095	10,429
Other real estate owned		106
Items measured on a non-recurring basis | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	9,635	16,233
Items measured on a non-recurring basis | Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Other real estate owned		0
Items measured on a non-recurring basis | Level 1 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	0	0
Items measured on a non-recurring basis | Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Other real estate owned		0
Items measured on a non-recurring basis | Level 2 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	0	0
Items measured on a non-recurring basis | Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	37,076	10,429
Other real estate owned		106
Items measured on a non-recurring basis | Level 3 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured for impairment based on the fair value of the underlying collateral	9,635	$ 16,233
Items measured on a non-recurring basis | Fair Value Measured at Net Asset Value Per Share
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	37,100
Unrealized gain (loss) recognized on equity investments still held	$ 20,000

Fair Value Measurements - Debt

Fair Value Measurements - Debt Securities Available -for-sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers out of Level 3	$ 2,700
Items measured on a recurring basis | Level 3 Inputs | Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	2,718	$ 2,540
Total gains included in earnings	0	178
Transfers out of Level 3	(2,718)	0
Ending balance	$ 0	$ 2,718

Fair Value Measurements - Book

Fair Value Measurements - Book Value and Estimated Fair Value of Bank's Significant Financial Instruments Not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial Assets:
Debt securities held-to-maturity	$ 1,110,041	$ 1,152,744
Restricted equity investments	109,278	53,195
Financial Liabilities:
Time deposits	1,542,020	775,001
Securities sold under agreements to repurchase with customers	69,097	118,769
Level 1 Inputs
Financial Assets:
Cash and due from banks	167,946	204,949
Debt securities held-to-maturity	0	0
Restricted equity investments	0	0
Loans receivable, net and loans held-for-sale	0	0
Financial Liabilities:
Deposits other than time deposits	0	0
Time deposits	0	0
FHLB advances and other borrowings	0	0
Securities sold under agreements to repurchase with customers	69,097	118,769
Level 2 Inputs
Financial Assets:
Cash and due from banks	0	0
Debt securities held-to-maturity	1,097,984	1,138,529
Restricted equity investments	0	0
Loans receivable, net and loans held-for-sale	0	0
Financial Liabilities:
Deposits other than time deposits	8,133,186	8,957,815
Time deposits	1,504,601	773,766
FHLB advances and other borrowings	1,416,384	251,491
Securities sold under agreements to repurchase with customers	0	0
Level 3 Inputs
Financial Assets:
Cash and due from banks	0	0
Debt securities held-to-maturity	12,057	14,215
Restricted equity investments	109,278	53,195
Loans receivable, net and loans held-for-sale	9,103,137	8,533,506
Financial Liabilities:
Deposits other than time deposits	0	0
Time deposits	0	0
FHLB advances and other borrowings	0	0
Securities sold under agreements to repurchase with customers	0	0
Book Value
Financial Assets:
Cash and due from banks	167,946	204,949
Debt securities held-to-maturity	1,221,138	1,139,193
Restricted equity investments	109,278	53,195
Loans receivable, net and loans held-for-sale	9,869,408	8,583,352
Financial Liabilities:
Deposits other than time deposits	8,133,186	8,957,815
Time deposits	1,542,020	775,001
FHLB advances and other borrowings	1,406,569	229,141
Securities sold under agreements to repurchase with customers	$ 69,097	$ 118,769

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Effect on accumulated other comprehensive income, net of tax	$ (25)
Collateral already posted, fair value	40	$ 19,800
Collateral received from third parties	104,500
Credit risk derivative liability, fair value	$ 113,473	22,900
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Derivative [Line Items]
Floating rate percentage	4%
Interest Rate Swap
Derivative [Line Items]
Income (expense) in fair value adjustments	$ 49	$ 72	$ 428

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Notional and Fair Value of Derivatives Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Derivative, notional amount	$ 1,468,245
Credit risk derivative asset, fair value	113,420
Credit risk derivative liability, fair value	113,473	$ 22,900
Not Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative, notional amount	1,368,245	938,727
Credit risk derivative asset, fair value	113,420	22,787
Credit risk derivative liability, fair value	113,440	$ 22,855
Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative, notional amount	100,000
Credit risk derivative asset, fair value	0
Credit risk derivative liability, fair value	$ 33

Leases - Additional Information

Leases - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 lease renewal_term
Leases [Abstract]
Number of finance leases | lease	1
Number of option to renew | renewal_term	1

Leases - Schedule of Right-of-U

Leases - Schedule of Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Operating lease ROU assets	$ 19,055	$ 17,442
Finance lease ROU asset	1,532	1,495
Total lease ROU assets	$ 20,587	$ 18,937
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Premises and equipment, net	Premises and equipment, net
Lease Liabilities
Operating lease liabilities	$ 20,053	$ 17,982
Finance lease liability	1,934	1,904
Total lease liabilities	$ 21,987	$ 19,886
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Finance Lease, Liability, Statement of Financial Position [Extensible List]	Other borrowings	Other borrowings
Future rent and estimated lease termination liability excluded from operating lease liability	$ 7,700	$ 8,200

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate (Details)	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease, weighted average remaining lease term (years)	6 years 10 months 13 days	8 years 2 months 19 days
Finance lease, weighted average remaining lease term (years)	6 years 7 months 6 days	7 years 7 months 2 days
Operating lease, weighted average discount rate (percent)	2.86%	2.97%
Finance lease, weighted average discount rate (percent)	5.63%	5.63%

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs and Other Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lease Expense
Operating lease expense	$ 5,000	$ 5,935	$ 6,438
Finance lease expense:
Amortization of ROU assets	207	199	174
Interest on lease liabilities	104	112	110
Total	5,311	6,246	6,722
Operating cash flows from operating leases	4,466	5,263	6,298
Operating cash flows from finance leases	104	112	110
Financing cash flows from finance leases	$ 214	$ 195	$ 187

Leases - Future Minimum Payment

Leases - Future Minimum Payments for Operating and Financing Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finance Lease
2023	$ 350
2024	350
2025	350
2026	350
2027	350
Thereafter	559
Total	2,309
Less: Imputed interest	(375)
Total lease liabilities	1,934	$ 1,904
Operating Leases
2023	4,333
2024	3,961
2025	3,741
2026	3,008
2027	2,027
Thereafter	5,348
Total	22,418
Less: Imputed interest	(2,365)
Total lease liabilities	$ 20,053	$ 17,982

Variable Interest Entity (Detai

Variable Interest Entity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Other assets	$ 221,067	$ 147,007
Total assets	13,103,896	11,739,616
Other liabilities	346,155	$ 122,032
VIE
Variable Interest Entity [Line Items]
Cash and cash equivalents	30,062
Other assets	941
Total assets	31,003
Other liabilities	28,998
Net assets	$ 2,005

Parent-Only Financial Informa_3

Parent-Only Financial Information - Condensed Statements of Financial Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 167,946	$ 204,949	$ 1,272,134	$ 120,544
Goodwill	506,146	500,319
Other assets	221,067	147,007
Total assets	13,103,896	11,739,616
Liabilities and Stockholders’ Equity
Borrowings	1,475,666	347,910
Other liabilities	346,155	122,032
OceanFirst Financial Corp. stockholders’ equity	1,584,662	1,516,553
Non-controlling interest	802	0
Total stockholders’ equity	1,585,464	1,516,553	1,484,130	1,153,119
Total liabilities and stockholders’ equity	13,103,896	11,739,616
OceanFirst Financial Corp.
Assets
Cash and due from banks	10,623	8,803	$ 7,187	$ 5,442
Advances to Bank	32,840	63,480
Equity securities	95,261	87,622
ESOP loan receivable	6,751	9,231
Investment in subsidiaries	1,630,199	1,575,549
Goodwill	5,827	0
Other assets	1,760	2,781
Total assets	1,783,261	1,747,466
Liabilities and Stockholders’ Equity
Borrowings	193,469	227,237
Other liabilities	4,328	3,676
OceanFirst Financial Corp. stockholders’ equity	1,584,662	1,516,553
Non-controlling interest	802	0
Total stockholders’ equity	1,585,464	1,516,553
Total liabilities and stockholders’ equity	$ 1,783,261	$ 1,747,466

Parent-Only Financial Informa_4

Parent-Only Financial Information - Condensed Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Financial Statements, Captions [Line Items]
Net gain on equity investments	$ 9,685	$ 7,145	$ 21,214
Interest expense – borrowings	22,677	11,544	18,367
Operating expenses	234,881	226,860	246,431
Benefit (provision) for income taxes	(46,565)	(32,165)	(17,733)
Net income	147,357	110,076	63,309
Net income attributable to non-controlling interest	754	0	0
Net income attributable to OceanFirst Financial Corp.	146,603	110,076	63,309
OceanFirst Financial Corp.
Condensed Financial Statements, Captions [Line Items]
Dividend income – subsidiaries	73,011	40,000	54,000
Interest and dividend income – debt and equity securities	2,387	2,070	949
Interest income – advances to subsidiary Bank	562	298	403
Interest income – ESOP loan receivable	227	289	301
Net gain on equity investments	7,973	7,499	20,460
Total income	84,160	50,156	76,113
Interest expense – borrowings	10,861	11,102	10,592
Operating expenses	4,258	3,307	3,382
Income before income taxes and undistributed earnings of subsidiaries	69,041	35,747	62,139
Benefit (provision) for income taxes	959	1,018	(2,901)
Income before undistributed earnings of subsidiaries	70,000	36,765	59,238
Undistributed earnings of subsidiaries	77,357	73,311	4,071
Net income	147,357	110,076	63,309
Net income attributable to non-controlling interest	754	0	0
Net income attributable to OceanFirst Financial Corp.	$ 146,603	$ 110,076	$ 63,309

Parent-Only Financial Informa_5

Parent-Only Financial Information - Condensed Statements of Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 147,357,000	$ 110,076,000	$ 63,309,000
Net gain on equity investments	(358,000)	(3,186,000)	(8,278,000)
Net premium amortization in excess of discount accretion on securities	7,164,000	8,466,000	2,997,000
Amortization of deferred costs on borrowings	108,000	0
Net amortization of purchase accounting adjustments	(9,752,000)	(14,484,000)	(21,557,000)
Net cash provided by operating activities	250,450,000	159,972,000	132,656,000
Cash flows from investing activities:
Proceeds from sales of equity investments	19,234,000	98,777,000	16,978,000
Purchase of equity investments	(9,366,000)	(86,462,000)	(96,519,000)
Net cash used in investing activities	(1,321,008,000)	(1,477,842,000)	(22,169,000)
Cash flows from financing activities:
Net proceeds from issuance of subordinated notes	0	0	122,180,000
Repayments of other borrowings	(35,104,000)	(7,612,000)	(8,109,000)
Dividends paid	(47,511,000)	(44,510,000)	(42,917,000)
Purchase of treasury stock	(7,396,000)	(36,059,000)	(14,814,000)
Net proceeds from the issuance of preferred stock	0	0	55,529,000
Exercise of stock options	424,000	1,946,000	1,241,000
Distributions to non-controlling interest	(782,000)	0	0
Net cash provided by financing activities	1,013,760,000	223,993,000	1,074,948,000
Net (decrease) increase in cash and due from banks and restricted cash	(56,798,000)	(1,093,877,000)	1,185,435,000
Cash and due from banks at beginning of year	204,949,000	1,272,134,000	120,544,000
Cash and due from banks at end of year	167,946,000	204,949,000	1,272,134,000
OceanFirst Financial Corp.
Cash flows from operating activities:
Net income	147,357,000	110,076,000	63,309,000
Decrease (increase) in advances to subsidiary Bank	30,640,000	37,824,000	(73,426,000)
Undistributed earnings of subsidiary Bank	(77,357,000)	(73,311,000)	(4,071,000)
Net gain on equity investments	(7,973,000)	(7,499,000)	(20,460,000)
Net premium amortization in excess of discount accretion on securities	1,185,000	755,000	0
Amortization of deferred costs on borrowings	548,000	824,000	576,000
Net amortization of purchase accounting adjustments	684,000	542,000	638,000
Change in other assets and other liabilities	2,336,000	7,359,000	648,000
Net cash provided by operating activities	97,420,000	76,570,000	(32,786,000)
Cash flows from investing activities:
Proceeds from sales of equity investments	6,482,000	98,791,000	15,339,000
Purchase of equity investments	(7,207,000)	(86,462,000)	(95,228,000)
Increase in ESOP loan receivable	0	(3,200,000)	0
Repayments on ESOP loan receivable	2,480,000	2,040,000	1,200,000
Cash consideration for acquisition, net of cash received	(7,084,000)	0	0
Net cash used in investing activities	(5,329,000)	11,169,000	(78,689,000)
Cash flows from financing activities:
Net proceeds from issuance of subordinated notes	0	0	122,180,000
Repayments of other borrowings	(35,000,000)	(7,500,000)	(7,999,000)
Dividends paid	(47,511,000)	(44,510,000)	(42,917,000)
Purchase of treasury stock	(7,396,000)	(36,059,000)	(14,814,000)
Net proceeds from the issuance of preferred stock	0	0	55,529,000
Exercise of stock options	424,000	1,946,000	1,241,000
Distributions to non-controlling interest	(788,000)	0	0
Net cash provided by financing activities	(90,271,000)	(86,123,000)	113,220,000
Net (decrease) increase in cash and due from banks and restricted cash	1,820,000	1,616,000	1,745,000
Cash and due from banks at beginning of year	8,803,000	7,187,000	5,442,000
Cash and due from banks at end of year	$ 10,623,000	$ 8,803,000	$ 7,187,000

Uncategorized Items - ocfc-2022

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]