Ocean Bank
Ocean Bank reported total assets of $7.6 bn at Q2 2026, up 5.2% on a year earlier, the 204th largest of 497 banks in our US coverage. The CET1 capital ratio at Ocean Bank was 11.41%, and the uninsured share of Ocean Bank was 45.92%. Source: FDIC Call Reports.
Key takeaways
- On efficiency ratio, Ocean Bank climbed from 392nd to 340th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Ocean Bank reports one of the lowest net charge-offs to average loans readings among banks of $1 bn to $10 bn: 0.00% at , where the median of the 339 banks is 0.06% (FDIC Call Reports).
What sets Ocean Bank apart
How large is Ocean Bank?
The balance sheet of Ocean Bank at : assets $7.6 bn, deposits $6.2 bn, net loans $6.1 bn (loans equal to 98.75% of deposits). Securities make up 13.2% of total assets at Ocean Bank. Since , when Ocean Bank held $3.3 bn, its assets grew 131.6%. In the year to , deposits at Ocean Bank rose 1.3% while its total assets rose 5.2%. At , Ocean Bank employed 657 full-time equivalent staff across 25 offices, about $11.6 mn of assets per employee and $248.2 mn of deposits per office.
How much funding at Ocean Bank is uninsured?
At Ocean Bank, uninsured deposits (above the FDIC limit) made up 45.92% of domestic deposits at (+3.41 pp on a year earlier); Ocean Bank ranks 126th of 500 on this measure. In dollars, Ocean Bank estimated $2.8 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $6.2 bn | +1.3% | 203rd of 499 |
| Net loans and leases | $6.1 bn | +9.1% | 182nd of 500 |
| Loan-to-deposit ratio | 98.75% | +7.13 pp | 72nd of 500 |
| Tier 1 leverage ratio | 9.96% | +0.32 pp | 305th of 500 |
| Total risk-based capital ratio | 12.66% | +0.04 pp | 381st of 448 |
| Net interest margin | 3.47% | +0.08 pp | 305th of 500 |
| Return on assets (ROA) | 1.08% | +0.21 pp | 353rd of 500 |
| Efficiency ratio | 60.58% | -5.06 pp | 340th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $990,000 | Turned from a gain into a loss | |
| Unrealized gain/loss on available-for-sale securities | Loss of $15.2 mn | Widened by $2.1 mn | |
| Noncurrent loans to total loans | 0.38% | +0.17 pp | 139th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | +0.01 pp | 32nd of 500 (1 = lowest) |
US rank of Ocean Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Ocean Bank: assets, deposits and loans
- Total assets $7.6bn
- Deposits $6.2bn
- Net loans $6.1bn
Capital and securities
The CET1 ratio of Ocean Bank stood at 11.41% in , +0.04 pp year on year. Low and high at Ocean Bank since : 10.99% () to 13.48% (). Equity capital of Ocean Bank at : $733.8 mn, or 9.6% of total assets. Ocean Bank also reported a total capital ratio of 12.66% for , and a tier 1 leverage ratio of 9.96%.
On held-to-maturity securities, Ocean Bank carried an unrealized loss of $990,000 at , equal to 0.1% of equity capital. The loss turned from a gain into a loss over the year. Its deepest point: $5.3 mn in . The available-for-sale portfolio of Ocean Bank showed an unrealized loss of $15.2 mn at ; the loss widened by $2.1 mn over the year.
Ocean Bank: capital ratios
- Total capital 13%
- CET1 11%
- Tier 1 leverage 10.0%
Ocean Bank: unrealized securities gains and losses
- Available for sale -$15mn
- Held to maturity -$990,000
Profitability and loan quality
For the year to , Ocean Bank earned a return on equity of 11.41%; return on assets: 1.08%. Net interest margin at Ocean Bank: 3.47%, +0.08 pp in a year. Ocean Bank net income: $40.8 mn, up 33.9% year on year. The efficiency ratio of Ocean Bank was 60.58%: about 61 cents cost per revenue dollar, against 54 cents at the median peer.
At , noncurrent loans were 0.38% of total loans at Ocean Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at Ocean Bank: $6.2 bn, up 9.1% in a year.
Ocean Bank: profitability
- Return on equity 11%
- Net interest margin 3.5%
- Return on assets 1.1%
Peer group of Ocean Bank
The peer group of Ocean Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Ocean Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Florida. Against them, Ocean Bank shows CET1 ratio 11.41% against a peer median of 13.08%, return on equity 11.41% against a peer median of 12.70% and uninsured deposit share 45.92% against a peer median of 32.39%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Preferred Bank | State nonmember bank | CA | $7.7 bn | 11.06% | 16.49% | 50.28% | |
| Equity Bank | State member bank | KS | $7.7 bn | 13.08% | 11.77% | 27.12% | |
| Kearny Bank | State-chartered stock savings bank | NJ | $7.7 bn | 13.44% | 4.90% | 39.15% | |
| Ocean Bank | State nonmember bank | FL | $7.6 bn | 11.41% | 11.41% | 45.92% | |
| Bank of Colorado | State nonmember bank | CO | $7.6 bn | 14.74% | 13.63% | 37.66% | |
| Ridgewood Savings Bank | State-chartered stock savings bank | NY | $7.5 bn | not reported | 5.53% | 10.27% | |
| Northpointe Bank | State nonmember bank | MI | $7.5 bn | 11.10% | 14.05% | 7.12% | |
. FDIC Call Reports.
Last eight quarters
Two years at Ocean Bank, to : assets +14.7%, deposits +11.5%, equity +15.0%. Staff 671 to 657; offices 23 to 25.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $6.7 bn | $6.7 bn | $6.9 bn | $7.2 bn | $7.4 bn | $7.4 bn | $7.5 bn | $7.6 bn |
| Total deposits | $5.6 bn | $5.6 bn | $5.8 bn | $6.1 bn | $6.3 bn | $6.3 bn | $6.4 bn | $6.2 bn |
| Bank equity capital | $638.1 mn | $634.1 mn | $652.8 mn | $668.4 mn | $693.5 mn | $697.4 mn | $714.1 mn | $733.8 mn |
| CET1 ratio | 11.68% | 11.37% | 11.68% | 11.37% | 11.34% | 11.46% | 11.56% | 11.41% |
| Return on equity (ROE) | 9.89% | 9.71% | 9.49% | 9.34% | 9.63% | 9.79% | 11.23% | 11.41% |
| Uninsured share of domestic deposits | 41.48% | 42.22% | 41.17% | 42.51% | 45.34% | 43.20% | 43.88% | 45.92% |
| Full-time equivalent employees | 671 | 684 | 683 | 679 | 675 | 665 | 660 | 657 |
| Number of offices | 23 | 24 | 24 | 24 | 24 | 24 | 24 | 25 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Ocean Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Ocean Bank?
Ocean Bank reported $7.6 bn at in its Call Report. That makes Ocean Bank the 204th largest of 497 banks in our US coverage.
Is Ocean Bank the same as its holding company?
No. This page covers Ocean Bank, FDIC certificate 24156; OCEAN BANKSHARES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Ocean Bank profitable?
Ocean Bank reported net income of $40.8 mn for the year to ; annualized return on equity: 11.41%. So yes: Ocean Bank made a profit over these months.
When is data for Ocean Bank next updated?
Figures from Ocean Bank for are due after .
Where can I check the figures for Ocean Bank?
In the FDIC BankFind Suite record for certificate 24156, and in the Call Reports of Ocean Bank (RSSD ID 663834) at the FFIEC Central Data Repository.