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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K/A
Annual report pursuant to Section 13 of the
Securities Exchange Act of 1934, as amended
For the fiscal year ended DECEMBER 31, 2001
Commission File No.: 0-27428
OCEANFIRST FINANCIAL CORP.
(exact name of registrant as specified in its charter)
DELAWARE 22-3412577
(State or other jurisdiction of (I.R.S. Employer I.D. No.)
incorporation or organization)
975 HOOPER AVENUE, TOMS RIVER, NEW JERSEY 08753
(Address of principal executive offices)
Registrant's telephone number, including area code: (732) 240-4500
Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act:
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of class)
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Item 8. Financial Statements and Supplementary Data
This Form 10-K/A is being filed to correct a typographical error that
was found in the Consolidated Statement of Financial Condition filed as part of
Item 14 and incorporated by reference into Item 8 of the Form 10-K filed on
March 22, 2002. Specifically, the Consolidated Statement of Financial Condition
at December 31, 2001 has been corrected to reflect Total Stockholders' Equity of
$146,729,000 as opposed to $46,729,000.
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Item 14. Exhibits, Financial Statement Schedules and Reports on form 8-K
OCEANFIRST FINANCIAL CORP.
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
December 31, 2001 and 2000
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
2001 2000
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ASSETS
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Cash and due from banks $ 16,876 $ 7,235
Investment securities available for sale (notes 4 and 10) 80,017 103,536
Federal Home Loan Bank of New York stock, at cost (note 10) 23,560 20,000
Mortgage-backed securities available for sale (notes 5 and 10) 233,302 268,042
Loans receivable, net (notes 6 and 10) 1,300,889 1,136,879
Mortgage loans held for sale 37,828 35,588
Interest and dividends receivable (note 7) 7,632 9,318
Real estate owned, net 133 157
Premises and equipment, net (note 8) 16,730 14,676
Servicing asset (note 6) 7,628 6,363
Other assets (note 11) 39,071 38,423
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Total assets $1,763,666 $1,640,217
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Deposits (note 9) $1,109,043 $1,104,188
Federal Home Loan Bank advances (note 10) 272,000 127,500
Securities sold under agreements to repurchase (note 10) 212,332 236,494
Advances by borrowers for taxes and insurance 6,371 6,388
Other liabilities (note 11) 17,191 7,911
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Total liabilities 1,616,937 1,482,481
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Stockholders' equity (notes 3, 11, 12 and 13):
Preferred stock, $.01 par value,
5,000,000 shares authorized, no shares issued - -
Common stock, $.01 par value, 55,000,000 shares authorized,
18,118,248 shares issued and 9,860,889 and 11,084,123 shares
outstanding at December 31, 2001 and 2000, respectively 181 181
Additional paid-in capital 181,780 179,805
Retained earnings 131,746 121,737
Accumulated other comprehensive loss (824) (4,927)
Less: Unallocated common stock held by
Employee Stock Ownership Plan (12,663) (14,156)
Unearned Incentive Awards (161) (2,096)
Treasury stock, 8,257,359 and 7,034,125 shares
at December 31, 2001 and 2000, respectively (153,330) (122,808)
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Total stockholders' equity 146,729 157,736
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Commitments and contingencies (note 14)
Total liabilities and stockholders' equity $1,763,666 $1,640,217
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See accompanying notes to consolidated financial statements.
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SIGNATURES
CONFORMED
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
OceanFirst Financial Corp.
By: /s/ Michael J. Fitzpatrick
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Michael J. Fitzpatrick
Executive Vice President and
Chief Financial Officer
Date: May 3, 2002
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