Ocean Shore Holding Co. is a savings and loan holding company for Ocean City Home Bank (the Bank). The Company is primarily engaged in the business of directing, planning and coordinating the business activities of the Bank. The Bank is a federally chartered savings bank that offers a range of financial services to consumers and businesses in its market area. The Bank accepts deposits from the general public, small businesses and municipalities and uses those funds to originate a range of consumer and commercial loans, which it holds primarily for investment. The Company's lending products include residential mortgage loans, commercial loans and mortgages, and home equity and other consumer loans. It also maintains an investment portfolio consisting primarily of mortgage-backed securities to manage its liquidity and interest rate risk. Its loan and investment portfolios are funded with deposits, as well as collateralized borrowings from the Federal Home Loan Bank of New York.