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CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY) (STATEMENTS OF INCOME) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Income |  |  |  |  |  |  |  |  |  |  |
Other income |  |  |  |  |  |  |  |  | $ 54,696 | $ 44,193 | $ 34,627
Expenses |  |  |  |  |  |  |  |  |  |  |
Interest expense | $ 14,642 | $ 15,863 | $ 15,335 | $ 14,556 | $ 13,396 | $ 12,021 | $ 10,431 | $ 8,675 | 60,396 | 44,523 | 27,586
Other expenses |  |  |  |  |  |  |  |  | 19,707 | 19,344 | 17,301
Total expenses | 26,701 | 26,259 | 26,173 | 25,715 | 25,524 | 24,284 | 24,941 | 23,337 |  |  |
Income/(loss) before income tax benefit and equity in undistributed earnings of Bank | 17,788 | 17,442 | 14,971 | 15,921 | 13,616 | 14,341 | 15,742 | 14,021 | 66,122 | 57,720 | 54,307
Income tax benefit | 5,555 | 5,216 | 3,421 | 4,496 | 2,887 | 3,617 | 3,832 | 3,214 | 18,688 | 13,550 | 17,810
Net income | $ 12,233 | $ 12,226 | $ 11,550 | $ 11,425 | $ 10,729 | $ 10,724 | $ 11,910 | $ 10,807 | 47,434 | 44,170 | 36,497
Total comprehensive income |  |  |  |  |  |  |  |  | 48,284 | 42,910 | 37,031
Parent Company [Member] |  |  |  |  |  |  |  |  |  |  |
Income |  |  |  |  |  |  |  |  |  |  |
Dividend from Bank |  |  |  |  |  |  |  |  | 31,000 |  |
Other income |  |  |  |  |  |  |  |  | 6 | 4 | 2
Total income |  |  |  |  |  |  |  |  | 31,006 | 4 | 2
Expenses |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  | 4,895 | 4,887 | 3,206
Other expenses |  |  |  |  |  |  |  |  | 721 | 480 | 554
Total expenses |  |  |  |  |  |  |  |  | 5,616 | 5,367 | 3,760
Income/(loss) before income tax benefit and equity in undistributed earnings of Bank |  |  |  |  |  |  |  |  | 25,390 | (5,363) | (3,758)
Income tax benefit |  |  |  |  |  |  |  |  | (1,178) | (1,123) | (1,313)
Net income/(loss) before equity in undistributed earnings of Bank |  |  |  |  |  |  |  |  | 26,568 | (4,240) | (2,445)
Equity in undistributed earnings of Bank/(dividends in excess of earnings) |  |  |  |  |  |  |  |  | 20,866 | 48,410 | 38,942
Net income |  |  |  |  |  |  |  |  | 47,434 | 44,170 | 36,497
Other comprehensive income/(loss) |  |  |  |  |  |  |  |  | 850 | (1,260) | 534
Total comprehensive income |  |  |  |  |  |  |  |  | $ 48,284 | $ 42,910 | $ 37,031

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