Exhibit 99.1
OCEANFIRST FINANCIAL CORP.
CREDIT METRICS
ALL AMOUNTS AT DECEMBER 31, 2008
UNLESS OTHERWISE NOTED
One-to-Four Family Loans | ||
Average size of mortgage loans | $188,000 | |
Interest-only loans - Amount | $172.9 million | |
- Percent of total one-to-four family loans | 16.7% | |
Stated income loans - Amount | $60.0 million | |
- Percent of total one-to-four family loans | 5.8% | |
Weighted average loan-to-value ratio | 63% | |
Weighted average loan-to-value ratio of loans originated for the year ended December 31, 2008 | 69% | |
Average FICO score | 739 | |
Average FICO score of loans originated for the year ended December 31, 2008 | 740 | |
Percent of jumbo loans at origination | 47.2% | |
Percent of loans outside the New York/New Jersey market | 7.3% | |
Percent of loans for second homes | 8.1% | |
Commercial Real Estate | ||
Average size of commercial real estate loans | $445,000 | |
Largest commercial real estate loan | $8.3 million | |
Maximum exposure to single borrower (5 credits) | $11.5 million | |
- Amount outstanding | $ 8.8 million | |
Largest relationship outstanding (8 credits) | $10.8 million | |
Residential/commercial construction loans | $30.0 million | |
- Percent of total loans | 1.8% | |
Commercial Loans | ||
Average size of commercial loan | $129,000 | |
Largest commercial loan | $5.9 million |