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Follow on Google News | Ocean Bank Reports Rise in Earnings Before Income Taxes and Total AssetsBy: Ocean Bank The results brought Ocean Bank's equity capital to $426.5 million at December 31, 2017. Excluding the impact of the Tax Act, equity capital of $446.0 increased 5 percent from $425.6 million at December 31, 2016. "We continue to have strong interest income and net interest income, which showed increases of 14 percent and 12 percent over 2016, respectively," At December 31, 2017, Ocean Bank had total assets of $3.7 billion, up 9 percent from the prior year, driven by 7 percent and 10 percent increases in loans and deposits, respectively. The Bank reported Tier 1 Leverage Ratio of 10.40 percent and a Total Capital Ratio of 13.40 percent. End
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