XML 83 R75.htm IDEA: XBRL DOCUMENT
v3.24.0.1

ALLOWANCE FOR CREDIT LOSSES (Schedule of Balances by Segment) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
--- | --- | --- | --- | ---
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Individually Evaluated for Impairment | $ 60,710 | $ 16,732 |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment | 4,538 | 1,507 |  |
Total Loans Collectively Evaluated for Impairment | 5,365,413 | 5,264,849 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 61,350 | 59,322 |  |
Total Loans | 5,426,123 | 5,281,581 |  |
Total Ending ACL | 65,888 | 60,829 | $ 61,697 | $ 67,309
Lease Financing [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Individually Evaluated for Impairment | 2,002 | 1,765 |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment | 20 |  |  |
Total Loans Collectively Evaluated for Impairment | 249,421 | 286,801 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 1,643 | 2,314 |  |
Total Loans | 251,423 | 288,566 |  |
Total Ending ACL | 1,663 | 2,314 |  |
Construction [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Collectively Evaluated for Impairment | 17,987 | 9,936 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 516 | 236 |  |
Total Loans | 17,987 | 9,936 |  |
Total Ending ACL | 516 | 236 |  |
Residential Portfolio Segment [Member] | Junior Lien [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Individually Evaluated for Impairment | 100 |  |  |
Total Loans Collectively Evaluated for Impairment | 40,103 | 38,265 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 177 | 154 |  |
Total Loans | 40,203 | 38,265 |  |
Total Ending ACL | 177 | 154 | 5 | 15
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Individually Evaluated for Impairment | 652 | 374 |  |
Total Loans Collectively Evaluated for Impairment | 584,474 | 527,410 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 3,931 | 2,894 |  |
Total Loans | 585,126 | 527,784 |  |
Total Ending ACL | 3,931 | 2,894 | 1,432 | 2,905
Residential Portfolio Segment [Member] | Multifamily Property [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Individually Evaluated for Impairment | 16,645 |  |  |
Total Loans Collectively Evaluated for Impairment | 1,819,745 | 1,863,915 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 8,782 | 8,849 |  |
Total Loans | 1,836,390 | 1,863,915 |  |
Total Ending ACL | 8,782 | 8,849 | 9,806 | 9,945
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Ending ACL |  |  | 83 | 218
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Collectively Evaluated for Impairment | 255,110 | 272,009 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 4,840 | 4,835 |  |
Total Loans | 255,110 | 272,009 |  |
Total Ending ACL | 4,840 | 4,835 | 1,998 | 3,050
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Individually Evaluated for Impairment | 9,881 | 11,208 |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment |  | 1,208 |  |
Total Loans Collectively Evaluated for Impairment | 1,051,316 | 1,032,917 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 15,403 | 14,272 |  |
Total Loans | 1,061,197 | 1,044,125 |  |
Total Ending ACL | 15,403 | 15,480 | 27,083 | 27,713
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Individually Evaluated for Impairment | 31,430 | 3,385 |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment | 4,518 | 299 |  |
Total Loans Collectively Evaluated for Impairment | 1,283,351 | 1,191,277 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 25,189 | 25,231 |  |
Total Loans | 1,314,781 | 1,194,662 |  |
Total Ending ACL | 29,707 | 25,530 | 17,509 | 19,047
Commercial Portfolio Segment [Member] | Construction [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans | 17,987 | 9,936 |  |
Total Ending ACL | 516 | 236 | 42 | 158
Consumer and Other [Member] |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |
Total Loans Collectively Evaluated for Impairment | 63,906 | 42,319 |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 869 | 537 |  |
Total Loans | 63,906 | 42,319 |  |
Total Ending ACL | $ 869 | $ 537 | $ 215 | $ 279

X
- Definition The valuation allowance for financing receivables that are expected to be uncollectible that were collectively evaluated for impairment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of valuation allowance for financing receivables that are expected to be uncollectible that were individually evaluated for impairment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph c -Publisher SEC + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The balance of financing receivables that were collectively evaluated for impairment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L(5)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-4 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11C + Details
Name: | us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The balance of financing receivables that were individually evaluated for impairment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11C Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L(5)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-4 + Details
Name: | us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b)(1)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481696/310-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(1) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 6.L.1) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-4 + Details
Name: | us-gaap_LoansAndLeasesReceivableAllowance
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481990/310-10-45-2 + Details
Name: | us-gaap_LoansAndLeasesReceivableGrossCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_EquitySecuritiesByIndustryAxis=us-gaap_LeaseAgreementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LienCategoryAxis=us-gaap_JuniorLienMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=pgc_PrimaryResidentialMortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=pgc_MultifamilyPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_HomeEquityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialRealEstatePortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=pgc_OwnerOccupiedPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=pgc_InvestmentPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_EquitySecuritiesByIndustryAxis=us-gaap_CommercialAndIndustrialSectorMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |