XML 63 R57.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

ALLOWANCE FOR CREDIT LOSSES (Schedule of Balances by Segment) (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | --- | --- | --- | --- | ---
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Individually Evaluated for Impairment | $ 81,802 |  | $ 60,710 |  |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment | 7,871 |  | 4,538 |  |  |
Total Loans Collectively Evaluated for Impairment | 5,176,729 |  | 5,365,413 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 60,113 |  | 61,350 |  |  |
Total Loans | 5,258,531 |  | 5,426,123 |  |  |
Total Ending ACL | 67,984 | $ 66,251 | 65,888 | $ 62,704 | $ 62,250 | $ 60,829
Lease Financing [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Individually Evaluated for Impairment | 3,871 |  | 2,002 |  |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment | 264 |  | 20 |  |  |
Total Loans Collectively Evaluated for Impairment | 225,023 |  | 249,421 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 1,426 |  | 1,643 |  |  |
Total Loans | 228,894 |  | 251,423 |  |  |
Total Ending ACL | 1,690 |  | 1,663 |  |  |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Individually Evaluated for Impairment | 30,684 |  | 31,430 |  |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment | 4,747 |  | 4,518 |  |  |
Total Loans Collectively Evaluated for Impairment | 1,214,221 |  | 1,283,351 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 23,821 |  | 25,189 |  |  |
Total Loans | 1,244,905 |  | 1,314,781 |  |  |
Total Ending ACL | 28,568 | 28,755 | 29,707 | 27,433 | 26,869 | 25,530
Consumer and Other [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Collectively Evaluated for Impairment | 71,789 |  | 63,906 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 928 |  | 869 |  |  |
Total Loans | 71,789 |  | 63,906 |  |  |
Total Ending ACL | 928 | 915 | 869 | 695 | 661 | 537
Junior Lien [Member] | Residential Portfolio Segment [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Individually Evaluated for Impairment | 98 |  | 100 |  |  |
Total Loans Collectively Evaluated for Impairment | 40,346 |  | 40,103 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 187 |  | 177 |  |  |
Total Loans | 40,444 |  | 40,203 |  |  |
Total Ending ACL | 187 | 178 | 177 | 151 | 146 | 154
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Individually Evaluated for Impairment | 1,843 |  | 652 |  |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment | 47 |  |  |  |  |
Total Loans Collectively Evaluated for Impairment | 582,802 |  | 584,474 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 4,144 |  | 3,931 |  |  |
Total Loans | 584,645 |  | 585,126 |  |  |
Total Ending ACL | 4,191 | 4,101 | 3,931 | 3,148 | 2,959 | 2,894
Multifamily Property [Member] | Residential Portfolio Segment [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Individually Evaluated for Impairment | 33,559 |  | 16,645 |  |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment | 2,285 |  |  |  |  |
Total Loans Collectively Evaluated for Impairment | 1,763,128 |  | 1,819,745 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 10,316 |  | 8,782 |  |  |
Total Loans | 1,796,687 |  | 1,836,390 |  |  |
Total Ending ACL | 12,601 | 10,242 | 8,782 | 10,537 | 9,823 | 8,849
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Collectively Evaluated for Impairment | 256,035 |  | 255,110 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 4,712 |  | 4,840 |  |  |
Total Loans | 256,035 |  | 255,110 |  |  |
Total Ending ACL | 4,712 | 4,906 | 4,840 | 4,708 | 4,952 | 4,835
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Individually Evaluated for Impairment | 11,747 |  | 9,881 |  |  |
Ending ACL Attributable to Loans Individually Evaluated for Impairment | 528 |  |  |  |  |
Total Loans Collectively Evaluated for Impairment | 1,000,742 |  | 1,051,316 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 13,924 |  | 15,403 |  |  |
Total Loans | 1,012,489 |  | 1,061,197 |  |  |
Total Ending ACL | 14,452 | 15,126 | 15,403 | 13,548 | 14,538 | 15,480
Construction [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans Collectively Evaluated for Impairment | 22,643 |  | 17,987 |  |  |
Ending ACL Attributable to Loans Collectively Evaluated for Impairment | 655 |  | 516 |  |  |
Total Loans | 22,643 |  | 17,987 |  |  |
Total Ending ACL | 655 |  | 516 |  |  |
Construction [Member] | Commercial Real Estate Portfolio Segment [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Ending ACL | 655 | $ 597 | 516 | $ 421 | $ 313 | $ 236
Construction [Member] | Commercial Portfolio Segment [Member] |  |  |  |  |  |
Financing Receivable Allowance For Credit Losses [Line Items] |  |  |  |  |  |
Total Loans | $ 22,643 |  | $ 17,987 |  |  |

X
- Definition Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph c -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (1) -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (3) -Publisher SEC Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of allowance for credit loss on financing receivable evaluated on collective basis. Excludes financing receivable evaluated on individual basis. + 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://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 30 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479391/326-20-30-2 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of allowance for credit loss on financing receivable evaluated on individual basis. Excludes financing receivable evaluated on collective basis. + 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://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 30 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479391/326-20-30-2 + 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/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph c -Publisher SEC Reference 2: 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 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of financing receivable collectively evaluated for credit loss. Excludes financing receivable individually evaluated for credit loss. + 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 Amount of financing receivable individually evaluated for credit loss. Excludes financing receivable collectively evaluated for credit loss. + 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 (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11C + Details
Name: | us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-13 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (1) -Publisher SEC Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (2) -Publisher SEC Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1404 -Paragraph a -Publisher SEC Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 79 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-79 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_NotesReceivableGross
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_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: |

X
- Details
Name: | us-gaap_LienCategoryAxis=us-gaap_JuniorLienMember
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_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=pgc_OwnerOccupiedPropertyMember
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_InvestmentPropertyMember
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: |