The Company's website address is www.oceanfirst.com. Fixed rate loans typically contain prepayment penalties over the initial term. Appraisals are obtained for loans secured by real estate properties. Commercial and Industrial Lending. At December 31, 2020, the Bank was servicing $95.8 million of loans for others. Further, the Bank obtained PCD loans from Two River and Country Bank. At December 31, 2020 and 2019, there were no outstanding loan repurchase requests. Refer to Note 4 Securities, to the Consolidated Financial Statements. This subsidiary held certain investments of Capital Bank and is currently inactive. It is intended only to briefly summarize some material provisions. The Bank is currently examined by the OCC for compliance with consumer protection laws. Holding Company Capital Requirements. Banking institutions are required to pay assessments to fund regulatory operations. The Bank complies with the foregoing requirements. Only 90% of AMTI can be offset by net operating loss carryovers. In addition, litigation can be costly, regardless of outcome. Conversely, an increase in interest rates generally reduces prepayments. The decrease will occur even though the securities are not sold. The Company is subject to examination, supervision and regulation by the FRB. See Regulation and Supervision, General, The Dodd-Frank Act. Risks Related to CompetitionCompetition may adversely affect profitability and liquidity. Any such charge could have an adverse effect on the results of operations.