Ocean Shore Holding Co. declared a quarterly cash dividend on the company's outstanding shares of common stock. The dividend of $0.05 per share will be paid on or about November 27, 2009 to stockholders of record as of the close of business on November 14, 2009.

Ocean Shore Holding Co. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, net interest income was $5,757,000 against $4,870,000 a year ago. Net interest income after provision for loan losses was $5,267,000 against $4,756,000 a year ago. Income before taxes was $2,118,000 against $663,000 a year ago. Net income was $1,313,000 or $0.16 per basic and diluted share against $341,000 or $0.04 per basic and diluted share a year ago. For the nine months, net interest income was $16,287,000 against $13,821,000 a year ago. Net interest income after provision for loan losses was $15,392,000 against $13,548,000 a year ago. Income before taxes was $4,677,000 against $3,643,000 a year ago. Net income was $2,897,000 or $0.36 per basic and diluted share against $2,160,000 or $0.27 per basic and diluted share a year ago. Return on average assets was $0.54% against $0.44% a year ago. Return on average equity was $5.84% against $4.49% a year ago.

Ocean Shore Holding Co. announced earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported interest and dividend income of $9.1 million compared to $8.9 million for the same period last year. Net interest income increased $754,000, or 16.3%, to $5.4 million compared to $4.6 million in the second quarter of 2008. Net interest income after provision for loan losses was $5.1 million compared to $4.5 million for the same period last year. The growth in interest income for the second quarter was the result of an increase in average interest-earning assets of $41.9 million and a decrease of 62 basis points in the average cost of interest bearing liabilities to 2.59% from 3.21%, offset by an increase in average interest bearing liabilities of $44.4 million and a decrease of 25 basis points in the average yield on earning assets to 5.55% from 5.80%. Income before taxes was $1.1 million compared to $1.8 million for the same period last year. Net income of $671,000 or $0.08 diluted per share as compared to $1.0 million or $0.13 diluted per share for the second quarter of 2008. For the six months, the company reported interest and dividend income was $18.1 million compared to $17.8 million for the same period last year. Net interest income increased $1.6 million, or 17.6% to $10.5 million compared to $8.9 million the same period in the prior year. Net interest income after provision for loan losses was $10.1 million compared to $8.7 million for the same period last year. Income before taxes was $2.6 million compared to $2.9 million for the same period last year. Net income was $1.5 million or $0.20 diluted per share as compared to $1.8 million or $0.22 diluted per share for the same period in 2008. Return on average assets was 0.45% compared to 0.56% for the same period last year. Return on average equity was 4.82% compared to 5.69% for the same period last year. Impairment on investment securities was $592,000 for the second quarter of 2009.