Ocean Bank Annual Report

We maintain the complete database with all recent information about Ocean Bank that you may need. With the help of the annual report, you can know the financial health of the bank, see how large it is, and track the dynamics and last trends of all financial indicators. All Ocean Bank data is relevant for April 2024.

3.37

Address

780 N.W. 42nd Avenue Miami, FL 33126

FDIC Certificate ID

24156

Bank Charter Class

Federal Reserve Non-member

Financial report Ocean Bank

Quarterly

Annually

Change dates

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
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1994
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2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992

2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992

2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992

2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
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2000
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1992

Hide dates

All values USD, Dollar figures in thousands

Updated June 30, 2022

Item

2022

2021

2020

2019

2018

Trends

Assets and Liabilities

Total assets

5,402,416

5,325,419

4,532,395

4,314,163

3,875,427

Cash & Balances due from depository institutions

187,093

661,841

149,986

313,444

103,540

Cash items in process of collection

38,986

27,613

25,749

29,906

32,829

Collection in domestic offices

15,170

4,357

4,798

7,290

12,026

Currency and coin in domestic offices

23,816

23,256

20,951

22,616

20,803

Balances due from depository institutions in U.S.

67,415

59,901

66,003

157,114

2,457

Balances due from foreign banks

N/A

Balances due from FRB

80,692

574,327

58,234

126,424

68,254

Total securities *

881,634

522,522

412,697

485,343

416,026

U.S. Government securities

642,934

286,662

187,166

234,211

276,909

U.S. Treasury securities

527,743

152,385

N/A

425

N/A

U.S. Government agency obligations

115,191

134,277

187,166

233,786

276,909

Securities issued by states & political subdivisions

41,406

48,781

49,737

57,809

7,267

Other domestic debt securities

195,482

185,139

173,798

193,323

131,850

Privately issued residential mortgage-backed securities

14,278

5,634

8,753

11,360

11,962

Asset backed securities

58,376

64,302

74,296

70,316

74,769

Structured financial products - Total

N/A

Other domestic debt securities - All other

70,045

56,509

56,973

74,715

45,119

Foreign debt securities

N/A

Equity securities not held for trading

1,812

1,940

1,996

N/A

Equity securities available-for-sale

N/A

Credit Loss Allowance for Held to Maturity Debt Securities

N/A

Assets held in trading accounts for TFR Reporters

N/A

General valuation allowances for securities for TFR Reporters

N/A

Federal funds sold and reverse repurchase

N/A

13,028

N/A

Net loans and leases

4,089,630

3,911,724

3,705,995

3,267,700

3,121,935

Loan and leases loss allowance**

66,397

64,011

62,587

48,252

45,082

Total loans and leases

4,156,027

3,975,735

3,768,582

3,315,952

3,167,017

Unearned income

2,599

1,814

3,397

195

609

Loans and leases, gross

4,158,626

3,977,549

3,771,979

3,316,147

3,167,626

All real estate loans

3,656,350

3,517,608

3,215,499

2,841,194

2,737,860

Real estate loans in domestic offices

3,656,350

3,517,608

3,215,499

2,841,194

2,737,860

Construction and development loans

208,423

220,362

228,552

231,956

252,827

Residential 1-4 family construction

18,840

12,247

10,628

17,337

15,612

Other construction, all land development and other land

189,583

208,115

217,924

214,619

237,215

Secured by nonfarm nonresidential properties

2,724,285

2,599,617

2,336,426

2,039,690

1,927,433

Nonfarm nonresidential secured by owner-occupied properties

501,859

456,162

419,782

389,219

396,985

Commercial real estate other non-farm non-residential

2,222,426

2,143,455

1,916,644

1,650,471

1,530,448

Multifamily residential real estate

422,865

414,163

363,494

334,900

310,989

1-4 family residential loans

299,680

281,963

284,485

230,319

242,446

Farmland loans

1,097

1,503

2,542

4,329

4,165

Loans held in foreign offices

N/A

Farm loans

N/A

Commercial and industrial loans

276,641

296,113

396,652

309,161

292,531

Loans to individuals

29,334

27,985

21,833

26,029

22,813

Credit card loans

7,628

6,759

4,882

3,799

1,758

Related Plans

21,427

20,946

16,057

21,351

20,069

Consumer Loans - Auto

N/A

104

Other loans to individuals

279

280

790

856

949

All other loans & leases*

196,301

135,843

137,995

139,763

114,422

Loans to foreign governments and official institutions

N/A

Obligations of states and political subdivisions in U.S.

N/A

Other loans

196,301

135,843

137,995

136,763

111,422

Lease financing receivables

N/A

Loans to depository institutions and acceptances of other banks

N/A

3,000

Trading account assets

N/A

Bank premises and fixed assets

71,107

69,095

69,174

60,176

53,724

Other real estate owned

382

701

3,805

7,369

6,218

Direct and indirect investments in real estate

N/A

OREO: Real estate acquired

382

701

3,805

7,369

6,218

Other real estate owned: 1-4 family residential

382

701

261

167

982

Other Real Estate Owned: Multi-family residential

N/A

Other real estate owned: Commercial real estate

N/A

2,325

N/A

Other real estate owned:Construction & development

N/A

3,544

4,877

5,236

Other real estate owned: Farmland

N/A

Foreclosed properties from GNMA loans before June 2018

N/A

Other real estate owned in foreign offices

N/A

Goodwill and other intangibles

1,192

1,322

1,602

1,885

2,194

Goodwill

879

Mortgage servicing assets

N/A

All other assets

171,378

158,214

189,136

165,218

171,790

Liabilities and Capital

Total liabilities and capital

5,402,416

5,325,419

4,532,395

4,314,163

3,875,427

Total Liabilities

4,870,237

4,784,909

4,016,277

3,837,234

3,424,080

Total deposits

4,832,244

4,736,143

3,927,063

3,677,983

3,326,841

Deposits held in domestic offices

4,832,244

4,736,143

3,927,063

3,677,983

3,326,841

Individuals, partnerships, and corporations

4,817,318

4,718,872

3,809,938

3,663,988

3,309,519

U.S. Government

N/A

States and political subdivisions in the U.S.

N/A

46,058

N/A

Commercial banks and other depository institutions in U.S.

4,963

5,700

54,389

4,866

11,809

Banks in foreign countries

9,963

11,571

16,678

9,129

5,513

Foreign governments and official institutions

N/A

Deposits held in foreign offices

N/A

Deposits held in domestic offices

4,832,244

4,736,143

3,927,063

3,677,983

3,326,841

Transaction accounts

2,484,786

2,310,551

304,555

130,618

110,357

Nontransaction accounts

2,347,458

2,425,592

3,622,508

3,547,365

3,216,484

Money market deposit accounts (MMDAs)

1,027,328

990,871

615,294

675,285

555,275

Other savings deposits (excluding MMDAs)

531,294

586,340

2,062,716

1,441,474

1,368,345

Total time deposits

788,835

848,382

944,498

1,430,605

1,292,864

Federal funds purchased and repurchase agreements

8,049

749

N/A

Trading liabilities

N/A

N/A - idobrmtg

N/A

52,772

105,367

55,018

Subordinated debt

N/A

All other liabilities

29,944

48,017

36,442

53,884

42,221

Total equity capital

532,179

540,510

516,118

476,929

451,347

Bank equity capital

532,179

540,510

516,118

476,929

451,347

Perpetual preferred stock

N/A

Common stock

8,500

Surplus

150,519

Undivided profits

373,160

381,491

357,099

317,910

292,328

Equity, minor interest in consolidated subs

N/A

Memoranda

Noncurrent loans and leases

5,987

4,238

20,587

9,672

9,052

Income earned, not collected on loans

12,769

10,850

25,807

10,498

9,675

Earning assets

5,119,371

5,068,474

4,242,929

4,049,609

3,608,672

Long-term assets (5+ years)

604,879

658,098

487,173

522,834

685,366

Average total assets

5,364,947.67

4,878,755

4,418,801.6

4,187,925.2

3,786,499.6

Average assets, quarterly

5,384,712

5,175,266

4,563,454.5

4,310,115.5

3,850,734

Total risk weighted assets adjusted

4,539,643

4,148,799

3,803,475

3,508,705

3,304,763

Adjusted average assets for leverage capital purposes

5,434,937

5,072,679

4,572,104

4,281,916

3,847,135

Life insurance assets

107,025

110,076

108,004

105,816

100,859

General account life insurance assets

11,992

10,867

10,631

6,000

290

Separate account life insurance assets

7,585

7,787

7,766

12,021

11,913

Hybrid life insurance assets

87,448

91,422

89,607

87,795

88,656

Volatile liabilities

407,632

429,698

506,919

789,553

671,703

Insider loans

3,402

3,002

1,263

1,547

15,609

FHLB advances

N/A

52,220

104,439

55,000

Loans and leases held for sale

N/A

937

1,371

310

Unused loan commitments

1,023,313

669,072

548,366

468,221

439,946

Tier one (core) capital

559,666

532,918

498,102

460,338

428,203

Tier 2 Risk-based capital

56,939

52,072

47,779

43,963

41,400

Total unused commitments

1,023,313

669,072

548,366

468,221

439,946

Derivatives

11,550

11,797

12,271

21,079

42,951