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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, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income $ 26,192 $ 47,434 $ 44,170
Amortization of subordinated debt costs 224 224 169
(Increase)/decrease in other assets (8,096) 5,111 (8,485)
Increase/(decrease) in other liabilities (10,720) 12,799 (929)
Net cash provided by operating activities 36,720 86,296 64,248
Investing activities:      
Net cash used in investing activities (213,995) (486,965) (297,707)
Financing activities:      
Cash dividends paid on common stock (3,780) (3,865) (3,712)
Exercise of stock options, net stock swaps 230 251 275
Proceeds from issuance of subordinated debt 98,153    
Issuance of common shares (DRIP program)     16,677
Shares repurchase (6,487) (21,002)  
Net cash provided by financing activities 622,412 448,081 280,785
Net increase in cash and cash equivalents 445,137 47,412 47,326
Cash and cash equivalents at beginning of year 208,185 160,773 113,447
Cash and cash equivalents at end of year 653,322 208,185 160,773
Parent Company [Member]      
Operating activities:      
Net income 26,192 47,434 44,170
Undistributed earnings of Bank (17,883) (20,866) (48,410)
Amortization of subordinated debt costs 234 224 171
(Increase)/decrease in other assets 4,914 (1,186) (1,183)
Increase/(decrease) in other liabilities 2,176 (24) (256)
Net cash provided by operating activities 15,633 25,582 (5,508)
Investing activities:      
Capital contribution to subsidiary     (9,322)
Net cash used in investing activities     (9,322)
Financing activities:      
Cash dividends paid on common stock (3,780) (3,865) (3,712)
Exercise of stock options, net stock swaps 230 251 275
Proceeds from issuance of subordinated debt 98,143    
Issuance of common shares (DRIP program)     16,677
Shares repurchase (6,487) (21,002)  
Net cash provided by financing activities 88,106 (24,616) 13,240
Net increase in cash and cash equivalents 103,739 966 (1,590)
Cash and cash equivalents at beginning of year 14,454 13,488 15,078
Cash and cash equivalents at end of year $ 118,193 $ 14,454 $ 13,488