Ocean Shore Holding Co. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $1,180,000 or $0.18 per basic and diluted share compared to net income of $1,354,000 or $0.20 per basic and diluted share a year ago. Interest and dividend income was $8,730,000 compared to $9,611,000 a year ago. Net interest income was $6,479,000 compared to $6,885,000 a year ago. Net interest income after provision for loan losses was $6,277,000 compared to $6,712,000 a year ago. Income before taxes was $1,909,000 compared to $2,216,000 a year ago. Return on average assets was 0.45% compared to 0.54% a year ago. Return on average equity was 4.46% compared to 5.12% a year ago. The decrease in net interest income in the first quarter of 2013 compared to the first quarter of 2012 was the result of a decrease of 67 basis points in the average yield on interest-earning assets to 4.26% and an increase in average interest-bearing liabilities of $31,600,000. These changes were offset by a decrease in the average cost of interest-bearing liabilities of 28 basis points to 1.07% and an increase in the average interest-earning assets of $40,500,000. The company announced net charge-offs of $57,000 for the first quarter ended March 31, 2013.

The Board of Directors of Ocean Shore Holding Co. declared a quarterly cash dividend on the company's outstanding shares of common stock. The dividend of $0.06 per share will be paid on or about May 24, 2013 to stockholders of record as of the close of business on May 3, 2013.

Ocean Shore Holding Co. announced unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net interest income of $6,443,000 against $6,987,000 a year ago. Income before taxes was $1,904,000 against $2,408,000 a year ago. Net income was $1,158,000 or $0.18 per diluted share against $1,481,000 or $0.22 per diluted share a year ago. Net income for the fourth quarter remained on par with the third quarter, but declined from the prior year fourth quarter primarily as a result of increased credit costs and tightening of net interest margin in this challenging interest rate environment. For the year, the company net interest income of $26,634,000 against $25,901,000 a year ago. Income before taxes was $8,181,000 against $8,590,000 a year ago. Net income was $5,001,000 or $0.74 per diluted share against $5,058,000 or $0.74 per diluted share a year ago. Return on average assets was 0.48% compared with 0.54% a year ago. Return on average equity was 4.73% compared with 4.90% a year ago.