XML 130 R118.htm IDEA: XBRL DOCUMENT v3.22.0.1
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, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income                      
Other income                 $ 72,243 $ 61,760 $ 54,696
Expenses                      
Interest expense $ 4,863 $ 4,856 $ 5,841 $ 6,446 $ 6,797 $ 8,025 $ 9,678 $ 13,648 22,006 38,148 60,396
Other expenses                 22,824 19,882 19,707
Total expenses 31,704 32,185 30,684 31,594 39,249 28,461 29,014 28,235      
Income before income tax expense 20,722 19,207 19,939 17,794 4,542 18,749 10,683 (1,971) 77,662 32,003 66,122
Income tax benefit 5,867 5,036 5,521 4,616 1,512 5,202 2,441 (3,344) 21,040 5,811 18,688
Net income $ 14,855 $ 14,171 $ 14,418 $ 13,178 $ 3,030 $ 13,547 $ 8,242 $ 1,373 56,622 26,192 47,434
Total comprehensive income                 45,640 26,295 48,284
Parent Company [Member]                      
Income                      
Dividend from Bank                   13,000 31,000
Other income                   2 6
Total income                   13,002 31,006
Expenses                      
Interest expense                 7,013 4,992 4,895
Other expenses                 1,602 948 721
Total expenses                 8,615 5,940 5,616
Income before income tax expense                 (8,615) 7,062 25,390
Income tax benefit                 (2,340) (1,247) (1,178)
Net (loss)/income before equity in undistributed earnings of Bank                 (6,275) 8,309 26,568
Equity in undistributed earnings of Bank/(dividends in excess of earnings)                 62,897 17,883 20,866
Net income                 56,622 26,192 47,434
Other comprehensive (loss)/income                 (10,982) 103 850
Total comprehensive income                 $ 45,640 $ 26,295 $ 48,284