XML 77 R67.htm IDEA: XBRL DOCUMENT v3.24.3
BUSINESS SEGMENTS - Schedule of Income and Total Assets for Reportable Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Net interest income $ 37,681 $ 36,515 $ 107,098 $ 119,414  
Noninterest income 18,938 19,354 59,194 55,988  
Total income 56,619 55,869 166,292 175,402  
Provision for credit losses 1,224 5,856 5,762 9,065  
Compensation and employee benefits 31,050 25,264 89,410 76,204  
Premises and equipment 5,633 5,214 16,490 14,317  
FDIC insurance expense 870 741 2,685 2,181  
Other operating expense 7,096 6,194 19,231 17,977  
Total operating expense 45,873 43,269 133,578 119,744  
INCOME BEFORE INCOME TAX EXPENSE 10,746 12,600 32,714 55,658  
Income tax expense 3,159 3,845 8,966 15,403  
NET INCOME 7,587 8,755 23,748 40,255  
Total assets at period end 6,793,792 6,521,581 6,793,792 6,521,581 $ 6,476,857
Banking Segment [Member]          
Net interest income 37,077 35,811 105,299 116,004  
Noninterest income 3,604 5,120 12,616 13,027  
Total income 40,681 40,931 117,915 129,031  
Provision for credit losses 1,224 5,856 5,762 9,065  
Compensation and employee benefits 23,988 18,440 67,585 54,558  
Premises and equipment 4,794 4,436 14,214 12,072  
FDIC insurance expense 870 741 2,685 2,181  
Other operating expense 5,013 4,188 13,231 11,317  
Total operating expense 35,889 33,661 103,477 89,193  
INCOME BEFORE INCOME TAX EXPENSE 4,792 7,270 14,438 39,838  
Income tax expense 1,404 2,275 3,958 11,021  
NET INCOME 3,388 4,995 10,480 28,817  
Total assets at period end 6,663,410 6,405,796 6,663,410 6,405,796  
Peapack Private Segment [Member]          
Net interest income 604 704 1,799 3,410  
Noninterest income 15,334 14,234 46,578 42,961  
Total income 15,938 14,938 48,377 46,371  
Compensation and employee benefits 7,062 6,824 21,825 21,646  
Premises and equipment 839 778 2,276 2,245  
Other operating expense 2,083 2,006 6,000 6,660  
Total operating expense 9,984 9,608 30,101 30,551  
INCOME BEFORE INCOME TAX EXPENSE 5,954 5,330 18,276 15,820  
Income tax expense 1,755 1,570 5,008 4,382  
NET INCOME 4,199 3,760 13,268 11,438  
Total assets at period end $ 130,382 $ 115,785 $ 130,382 $ 115,785