XML 136 R70.htm IDEA: XBRL DOCUMENT
v3.20.1

LOANS (Schedule of Activity in Allowance for Loan Losses) (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
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | $ 38,504 |  |  |  | $ 36,440 | $ 38,504 | $ 36,440 | $ 32,208
Charge-Offs |  |  |  |  |  |  |  |  | (135) | (1,948) | (2,021)
Recoveries |  |  |  |  |  |  |  |  | 1,307 | 462 | 403
Provision (Credit) | $ 1,950 | $ 800 | $ 1,150 | 100 | $ 1,500 | $ 500 | $ 300 | 1,250 | 4,000 | 3,550 | 5,850
Ending ALLL | 43,676 |  |  |  | 38,504 |  |  |  | 43,676 | 38,504 | 36,440
Agricultural Sector [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 2 |  |  |  |  | 2 |  | 2
Provision (Credit) |  |  |  |  |  |  |  |  | 36 | 2 | (2)
Ending ALLL | 38 |  |  |  | 2 |  |  |  | 38 | 2 |
Residential Portfolio Segment [Member] | Junior Lien [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 15 |  |  |  | 12 | 15 | 12 | 16
Charge-Offs |  |  |  |  |  |  |  |  |  |  | (99)
Recoveries |  |  |  |  |  |  |  |  | 11 | 68 | 26
Provision (Credit) |  |  |  |  |  |  |  |  | (13) | (65) | 69
Ending ALLL | 13 |  |  |  | 15 |  |  |  | 13 | 15 | 12
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 3,506 |  |  |  | 4,085 | 3,506 | 4,085 | 3,666
Charge-Offs |  |  |  |  |  |  |  |  | (80) | (138) | (889)
Recoveries |  |  |  |  |  |  |  |  | 205 | 160 | 173
Provision (Credit) |  |  |  |  |  |  |  |  | (1,541) | (601) | 1,135
Ending ALLL | 2,090 |  |  |  | 3,506 |  |  |  | 2,090 | 3,506 | 4,085
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 164 |  |  |  | 221 | 164 | 221 | 233
Charge-Offs |  |  |  |  |  |  |  |  |  |  | (23)
Recoveries |  |  |  |  |  |  |  |  | 10 | 10 | 62
Provision (Credit) |  |  |  |  |  |  |  |  | (46) | (67) | (51)
Ending ALLL | 128 |  |  |  | 164 |  |  |  | 128 | 164 | 221
Residential Portfolio Segment [Member] | Multifamily Property [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 5,959 |  |  |  | 10,007 | 5,959 | 10,007 | 11,192
Provision (Credit) |  |  |  |  |  |  |  |  | 78 | (4,048) | (1,185)
Ending ALLL | 6,037 |  |  |  | 5,959 |  |  |  | 6,037 | 5,959 | 10,007
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 2,614 |  |  |  | 2,385 | 2,614 | 2,385 | 1,774
Charge-Offs |  |  |  |  |  |  |  |  |  | (361) | (734)
Recoveries |  |  |  |  |  |  |  |  | 1,060 | 66 |
Provision (Credit) |  |  |  |  |  |  |  |  | (1,610) | 524 | 1,345
Ending ALLL | 2,064 |  |  |  | 2,614 |  |  |  | 2,064 | 2,614 | 2,385
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 14,248 |  |  |  | 11,933 | 14,248 | 11,933 | 10,909
Charge-Offs |  |  |  |  |  |  |  |  |  | (1,335) | (123)
Recoveries |  |  |  |  |  |  |  |  |  | 45 | 23
Provision (Credit) |  |  |  |  |  |  |  |  | 1,740 | 3,605 | 1,124
Ending ALLL | 15,988 |  |  |  | 14,248 |  |  |  | 15,988 | 14,248 | 11,933
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 9,839 |  |  |  | 6,563 | 9,839 | 6,563 | 4,164
Charge-Offs |  |  |  |  |  |  |  |  |  | (46) | (76)
Recoveries |  |  |  |  |  |  |  |  | 17 | 109 | 115
Provision (Credit) |  |  |  |  |  |  |  |  | 4,497 | 3,213 | 2,360
Ending ALLL | 14,353 |  |  |  | 9,839 |  |  |  | 14,353 | 9,839 | 6,563
Commercial Portfolio Segment [Member] | Lease Financing [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 1,772 |  |  |  | 884 | 1,772 | 884 |
Provision (Credit) |  |  |  |  |  |  |  |  | 870 | 888 | 884
Ending ALLL | 2,642 |  |  |  | 1,772 |  |  |  | 2,642 | 1,772 | 884
Commercial Portfolio Segment [Member] | Construction [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | 1 |  |  |  | 1 | 1 | 1 | 9
Provision (Credit) |  |  |  |  |  |  |  |  | 26 |  | (8)
Ending ALLL | 27 |  |  |  | 1 |  |  |  | 27 | 1 | 1
Consumer and Other [Member] |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses |  |  |  |  |  |  |  |  |  |  |
Beginning ALLL |  |  |  | $ 384 |  |  |  | $ 349 | 384 | 349 | 243
Charge-Offs |  |  |  |  |  |  |  |  | (55) | (68) | (77)
Recoveries |  |  |  |  |  |  |  |  | 4 | 4 | 4
Provision (Credit) |  |  |  |  |  |  |  |  | (37) | 99 | 179
Ending ALLL | $ 296 |  |  |  | $ 384 |  |  |  | $ 296 | $ 384 | $ 349

X
- Definition Amount of recovery of loans and lease receivables which had previously been fully or partially written-off as bad debts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(4) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_AllowanceForLoanAndLeaseLossesRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of loans and leases that have been written off from both loan receivables and allowance reserve for credit loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.7(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.7(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b)(1)(ii) -URI http://asc.fasb.org/extlink&oid=118939070&loc=d3e15032-111544 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L.1) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 + Details
Name: | us-gaap_LoansAndLeasesReceivableAllowance
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of expense related to estimated loss from loan and lease transactions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.11) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 + Details
Name: | us-gaap_ProvisionForLoanAndLeaseLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_EquitySecuritiesByIndustryAxis=us-gaap_AgriculturalSectorMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LienCategoryAxis=us-gaap_JuniorLienMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=pgc_PrimaryResidentialMortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_HomeEquityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=pgc_MultifamilyPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialRealEstatePortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=pgc_OwnerOccupiedPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=pgc_InvestmentPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_EquitySecuritiesByIndustryAxis=us-gaap_CommercialAndIndustrialSectorMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_LeaseAgreementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |