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BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Income and Total Assets for Reportable Segments

The following tables present the statements of income and total assets for the Company’s reportable segments for the three months ended March 31, 2022 and 2021.

		Three Months Ended March 31, 2022
						Peapack
(In thousands)		Banking				Private				Total
Net interest income		$	37,999			$	1,623			$	39,622
Noninterest income			(429	)			15,143				14,714
Total income			37,570				16,766				54,336
Provision for credit losses			2,375				—				2,375
Compensation and employee benefits			16,403				6,046				22,449
Premises and equipment expense			3,931				716				4,647
FDIC insurance expense			471				—				471
Other operating expense			4,166				2,436				6,602
Total operating expense			27,346				9,198				36,544
Income before income tax expense			10,224				7,568				17,792
Income tax expense			2,300				2,051				4,351
Net income		$	7,924			$	5,517			$	13,441
Total assets at period end		$	6,155,011			$	100,653			$	6,255,664

		Three Months Ended March 31, 2021
						Peapack
(In thousands)		Banking				Private				Total
Net interest income		$	30,226			$	1,567			$	31,793
Noninterest income			5,140				12,680				17,820
Total income			35,366				14,247				49,613
Provision for loan and lease losses			225				—				225
Compensation and employee benefits			16,428				5,562				21,990
Premises and equipment expense			3,570				543				4,113
FDIC insurance expense			585				—				585
Other operating expense			2,391				2,515				4,906
Total operating expense			23,199				8,620				31,819
Income before income tax (benefit)/expense			12,167				5,627				17,794
Income tax (benefit)/expense			3,159				1,457				4,616
Net income		$	9,008			$	4,170			$	13,178
Total assets at period end		$	5,883,553			$	86,074			$	5,969,627

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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- References

No definition available.

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