XML 70 R123.htm IDEA: XBRL DOCUMENT v3.20.1
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