XML 74 R68.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
BUSINESS SEGMENTS - Schedule of Income and Total Assets for Reportable Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Net interest income $ 34,375 $ 43,978  
Noninterest income 18,701 18,059  
Total income 53,076 62,037  
Provision for credit losses 627 1,513  
Compensation and employee benefits 28,476 24,586  
Premises and equipment 5,081 4,374  
FDIC insurance expense 945 711  
Other operating expense 5,539 5,903  
Total operating expense 40,668 37,087  
INCOME BEFORE INCOME TAX EXPENSE 12,408 24,950  
Income tax expense 3,777 6,595  
NET INCOME 8,631 18,355  
Total assets at period end 6,408,553 6,480,018 $ 6,476,857
Banking Segment [Member]      
Net interest income 33,760 42,090  
Noninterest income 4,087 3,835  
Total income 37,847 45,925  
Provision for credit losses 627 1,513  
Compensation and employee benefits 21,723 18,169  
Premises and equipment 4,378 3,613  
FDIC insurance expense 945 711  
Other operating expense 3,588 3,274  
Total operating expense 31,261 27,280  
INCOME BEFORE INCOME TAX EXPENSE 6,586 18,645  
Income tax expense 2,007 4,930  
NET INCOME 4,579 13,715  
Total assets at period end 6,287,018 6,366,729  
Peapack Private Segment [Member]      
Net interest income 615 1,888  
Noninterest income 14,614 14,224  
Total income 15,229 16,112  
Compensation and employee benefits 6,753 6,417  
Premises and equipment 703 761  
Other operating expense 1,951 2,629  
Total operating expense 9,407 9,807  
INCOME BEFORE INCOME TAX EXPENSE 5,822 6,305  
Income tax expense 1,770 1,665  
NET INCOME 4,052 4,640  
Total assets at period end $ 121,535 $ 113,289