Investor Presentaiton
OCFC's Strong History of Credit Discipline
Net Charge
Offs (NCOs)/
Avg. Loans
(%)
Global Financial
Crisis
Hurricane
Sandy
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
OCFC's 7 bps average NCO is 80% lower than the 36 bps
average NCO for US Commercial Banks $10-50 billion in size
over the past four years.
-0.50%
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Q1-22
US Commercial Banks $10-50 bn 1,2
OCFC
Peer Group 1, 2, 3
15
(1) Source: S&P Global
(2) Proxy and US Bank industry reporting is on a one quarter lag
(3) Peer group disclosed in OCFC's DEF-14A filed 4/26/22. This excludes i) Investors Bancorp due to the sale the
Citizens Financial Group; ii) Boston Private Financial Holdings due to the sale to SVB Financial Group; and iii)
Meridian Bancorp due to the sale to Independent Bank Corp.
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