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CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY) (STATEMENTS OF CASH FLOWS) (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Operating activities: |  |  |
Net income | $ 47,434 | $ 44,170 | $ 36,497
Amortization of subordinated debt costs | 224 | 169 | 135
Increase in other assets | 5,111 | (8,485) | (9,977)
(Decrease)/increase in other liabilities | 12,799 | (929) | 2,330
Net cash provided by operating activities | 86,296 | 64,248 | 55,935
Investing activities: |  |  |
Net cash used in investing activities | (486,965) | (297,707) | (435,514)
Financing activities: |  |  |
Cash dividends paid on common stock | (3,865) | (3,712) | (3,548)
Exercise of stock options, net stock swaps | 251 | 275 | 690
Proceeds from issuance of subordinated debt |  |  | 34,125
Issuance of common shares (DRIP program) |  | 16,677 | 36,588
Shares repurchase | (21,002) |  |
Net cash provided by financing activities | 448,081 | 280,785 | 330,335
Net increase/(decrease) in cash and cash equivalents | 47,412 | 47,326 | (49,244)
Cash and cash equivalents at beginning of year | 160,773 | 113,447 | 162,691
Cash and cash equivalents at end of year | 208,185 | 160,773 | 113,447
Parent Company [Member] |  |  |
Operating activities: |  |  |
Net income | 47,434 | 44,170 | 36,497
Undistributed earnings of Bank | (20,866) | (48,410) | (38,942)
Amortization of subordinated debt costs | 224 | 171 | 135
Increase in other assets | (1,186) | (1,183) | (1,248)
(Decrease)/increase in other liabilities | (24) | (256) | 113
Net cash provided by operating activities | 25,582 | (5,508) | (3,445)
Investing activities: |  |  |
Capital contribution to subsidiary |  | (9,322) | (60,177)
Net cash used in investing activities |  | (9,322) | (60,177)
Financing activities: |  |  |
Cash dividends paid on common stock | (3,865) | (3,712) | (3,548)
Exercise of stock options, net stock swaps | 251 | 275 | 690
Proceeds from issuance of subordinated debt |  |  | 34,125
Issuance of common shares (DRIP program) |  | 16,677 | 36,588
Shares repurchase | (21,002) |  |
Net cash provided by financing activities | (24,616) | 13,240 | 67,855
Net increase/(decrease) in cash and cash equivalents | 966 | (1,590) | 4,233
Cash and cash equivalents at beginning of year | 13,488 | 15,078 | 10,845
Cash and cash equivalents at end of year | $ 14,454 | $ 13,488 | $ 15,078

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