Ocean Bank on Friday reported net income of $24.4 million for 2013. That compares to $177.1 million in net income in 2012, which included the benefit of a $138.2 million tax credit.
The Miami bank said its income before taxes was $39 million for the year, on par with $38.9 million in 2012. Ocean Bank said its non-performing assets decreased to 4 percent of total assets at year-end.
At Dec. 31, Ocean Bank reported total assets of $3.3 billion.