XML 39 R30.htm IDEA: XBRL DOCUMENT
v3.25.3

ALLOWANCE FOR CREDIT LOSSES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Credit Loss [Abstract] |
Schedule of loan balances by segment and the corresponding balances in the allowance for loan losses | The following tables present the loan balances by segment, and the corresponding balances in the allowance as of September 30, 2025 and December 31, 2024. The allowance was based on the CECL methodology.
|  | September 30, 2025 |
|  |  |  |  | Ending ACL |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Attributable |  |  |  |  |  | Ending ACL |  |  |  |  |  |  |
|  | Total |  |  | To |  |  | Total |  |  | Attributable |  |  |  |  |  |  |
|  | Individually |  |  | Individually |  |  | Loans |  |  | To Loans |  |  |  |  |  | Total |
|  | Evaluated |  |  | Evaluated |  |  | Collectively |  |  | Collectively |  |  | Total |  |  | Ending |
(In thousands) |  | Loans |  |  | Loans |  |  | Evaluated |  |  | Evaluated |  |  | Loans |  |  | ACL |
Primary residential mortgage |  | $ | 3,916 |  |  | $ | — |  |  | $ | 630,064 |  |  | $ | 5,318 |  |  | $ | 633,980 |  |  | $ | 5,318 |
Junior lien loan on residence |  |  | 108 |  |  |  | — |  |  |  | 59,483 |  |  |  | 233 |  |  |  | 59,591 |  |  |  | 233 |
Multifamily property |  |  | 43,997 |  |  |  | 8,822 |  |  |  | 1,752,536 |  |  |  | 8,789 |  |  |  | 1,796,533 |  |  |  | 17,611 |
Owner-occupied commercial real estate |  |  | — |  |  |  | — |  |  |  | 277,652 |  |  |  | 3,383 |  |  |  | 277,652 |  |  |  | 3,383 |
Investment commercial real estate |  |  | 11,589 |  |  |  | 995 |  |  |  | 1,024,148 |  |  |  | 11,787 |  |  |  | 1,035,737 |  |  |  | 12,782 |
Commercial and industrial |  |  | 23,582 |  |  |  | 1,525 |  |  |  | 1,724,433 |  |  |  | 21,722 |  |  |  | 1,748,015 |  |  |  | 23,247 |
Lease financing |  |  | 950 |  |  |  | 121 |  |  |  | 264,746 |  |  |  | 2,750 |  |  |  | 265,696 |  |  |  | 2,871 |
Construction |  |  | — |  |  |  | — |  |  |  | 25,322 |  |  |  | 320 |  |  |  | 25,322 |  |  |  | 320 |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | 174,294 |  |  |  | 2,877 |  |  |  | 174,294 |  |  |  | 2,877 |
Total ACL |  | $ | 84,142 |  |  | $ | 11,463 |  |  | $ | 5,932,678 |  |  | $ | 57,179 |  |  | $ | 6,016,820 |  |  | $ | 68,642 |
|  | December 31, 2024 |
|  |  |  |  | Ending ACL |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Attributable |  |  |  |  |  | Ending ACL |  |  |  |  |  |  |
|  | Total |  |  | To |  |  | Total |  |  | Attributable |  |  |  |  |  |  |
|  | Individually |  |  | Individually |  |  | Loans |  |  | To Loans |  |  |  |  |  | Total |
|  | Evaluated |  |  | Evaluated |  |  | Collectively |  |  | Collectively |  |  | Total |  |  | Ending |
(In thousands) |  | Loans |  |  | Loans |  |  | Evaluated |  |  | Evaluated |  |  | Loans |  |  | ACL |
Primary residential mortgage |  | $ | 2,779 |  |  | $ | — |  |  | $ | 606,259 |  |  | $ | 4,398 |  |  | $ | 609,038 |  |  | $ | 4,398 |
Junior lien loan on residence |  |  | 92 |  |  |  | — |  |  |  | 45,215 |  |  |  | 180 |  |  |  | 45,307 |  |  |  | 180 |
Multifamily property |  |  | 53,105 |  |  |  | 5,149 |  |  |  | 1,746,649 |  |  |  | 12,504 |  |  |  | 1,799,754 |  |  |  | 17,653 |
Owner-occupied commercial real estate |  |  | — |  |  |  | — |  |  |  | 275,089 |  |  |  | 3,208 |  |  |  | 275,089 |  |  |  | 3,208 |
Investment commercial real estate |  |  | 11,684 |  |  |  | 735 |  |  |  | 966,752 |  |  |  | 10,950 |  |  |  | 978,436 |  |  |  | 11,685 |
Commercial and industrial |  |  | 30,881 |  |  |  | 6,678 |  |  |  | 1,458,585 |  |  |  | 26,397 |  |  |  | 1,489,466 |  |  |  | 33,075 |
Lease financing |  |  | 1,234 |  |  |  | 121 |  |  |  | 221,263 |  |  |  | 1,367 |  |  |  | 222,497 |  |  |  | 1,488 |
Construction |  |  | — |  |  |  | — |  |  |  | 11,204 |  |  |  | 121 |  |  |  | 11,204 |  |  |  | 121 |
Consumer and other loans |  |  | — |  |  |  | — |  |  |  | 80,165 |  |  |  | 1,184 |  |  |  | 80,165 |  |  |  | 1,184 |
Total ACL |  | $ | 99,775 |  |  | $ | 12,683 |  |  | $ | 5,411,181 |  |  | $ | 60,309 |  |  | $ | 5,510,956 |  |  | $ | 72,992 |
Schedule of loans individually evaluated by segment | The following tables present collateral dependent loans individually evaluated by segment as of September 30, 2025 and December 31, 2024:
|  | September 30, 2025 |
|  |  |  |  |  |  |  |  |  |  | Average |
|  | Unpaid |  |  |  |  |  |  |  |  | Individually |
|  | Principal |  |  | Recorded |  |  | Related |  |  | Evaluated |
(In thousands) |  | Balance |  |  | Investment |  |  | Allowance |  |  | Loans |
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Primary residential mortgage (A) |  | $ | 4,127 |  |  | $ | 3,916 |  |  | $ | — |  |  | $ | 3,056 |
Junior lien loan on residence (A) |  |  | 118 |  |  |  | 108 |  |  |  | — |  |  |  | 109 |
Multifamily property (B) |  |  | 19,169 |  |  |  | 14,767 |  |  |  | — |  |  |  | 26,164 |
Investment commercial real estate (C) |  |  | 12,500 |  |  |  | 9,660 |  |  |  | — |  |  |  | 9,698 |
Commercial and industrial (A)(C)(D) |  |  | 18,381 |  |  |  | 18,287 |  |  |  | — |  |  |  | 27,551 |
Lease financing (E) |  |  | 251 |  |  |  | 149 |  |  |  | — |  |  |  | 272 |
Total loans with no related allowance |  | $ | 54,546 |  |  | $ | 46,887 |  |  | $ | — |  |  | $ | 66,850 |
With related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Multifamily property (B) |  | $ | 29,378 |  |  | $ | 29,230 |  |  | $ | 8,822 |  |  | $ | 26,618 |
Investment commercial real estate (C) |  |  | 1,930 |  |  |  | 1,929 |  |  |  | 995 |  |  |  | 1,930 |
Commercial and industrial (A)(C)(D)(E) |  |  | 6,312 |  |  |  | 5,295 |  |  |  | 1,525 |  |  |  | 4,430 |
Lease financing (E) |  |  | 849 |  |  |  | 801 |  |  |  | 121 |  |  |  | 801 |
Total loans with related allowance |  | $ | 38,469 |  |  | $ | 37,255 |  |  | $ | 11,463 |  |  | $ | 33,779 |
Total loans individually evaluated |  | $ | 93,015 |  |  | $ | 84,142 |  |  | $ | 11,463 |  |  | $ | 100,629 |
(A) Secured by residential real estate. (B) Secured by multifamily residential properties. (C) Secured by commercial real estate. (D) Secured by all business assets. (E) Secured by machinery and equipment.
|  | December 31, 2024 |
|  |  |  |  |  |  |  |  |  |  | Average |
|  | Unpaid |  |  |  |  |  |  |  |  | Individually |
|  | Principal |  |  | Recorded |  |  | Related |  |  | Evaluated |
(In thousands) |  | Balance |  |  | Investment |  |  | Allowance |  |  | Loans |
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Primary residential mortgage (A) |  | $ | 2,935 |  |  | $ | 2,779 |  |  | $ | — |  |  | $ | 1,851 |
Junior lien loan on residence (A) |  |  | 97 |  |  |  | 92 |  |  |  | — |  |  |  | 101 |
Multifamily property (B) |  |  | 15,320 |  |  |  | 15,295 |  |  |  | — |  |  |  | 16,968 |
Investment commercial real estate (C) |  |  | 12,500 |  |  |  | 9,754 |  |  |  | — |  |  |  | 9,810 |
Commercial and industrial (A)(C)(D) |  |  | 3,885 |  |  |  | 2,738 |  |  |  | — |  |  |  | 3,558 |
Lease financing (E) |  |  | 542 |  |  |  | 434 |  |  |  | — |  |  |  | 1,363 |
Total loans with no related allowance |  | $ | 35,279 |  |  | $ | 31,092 |  |  | $ | — |  |  | $ | 33,651 |
With related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Multifamily property (B) |  | $ | 37,874 |  |  | $ | 37,810 |  |  | $ | 5,149 |  |  | $ | 17,020 |
Investment commercial real estate (C) |  |  | 1,930 |  |  |  | 1,930 |  |  |  | 735 |  |  |  | 1,126 |
Commercial and industrial (C)(D)(E) |  |  | 31,145 |  |  |  | 28,143 |  |  |  | 6,678 |  |  |  | 27,962 |
Lease financing (E) |  |  | 845 |  |  |  | 800 |  |  |  | 121 |  |  |  | 867 |
Total loans with related allowance |  | $ | 71,794 |  |  | $ | 68,683 |  |  | $ | 12,683 |  |  | $ | 46,975 |
Total loans individually evaluated for impairment |  | $ | 107,073 |  |  | $ | 99,775 |  |  | $ | 12,683 |  |  | $ | 80,626 |
(A) Secured by residential real estate. (B) Secured by multifamily residential properties. (C) Secured by commercial real estate. (D) Secured by all business assets. (E) Secured by machinery and equipment.
Schedule of Activity in Allowance for Loan and Losses | The activity in the allowance for credit losses for the three months ended September 30, 2025 and September 30, 2024 is summarized below:
|  | July 1, |  |  |  |  |  |  |  |  |  |  |  | September 30, |
|  | 2025 |  |  |  |  |  |  |  |  |  |  |  | 2025 |
|  | Beginning |  |  |  |  |  |  |  |  | Provision |  |  | Ending |
(In thousands) |  | ACL |  |  | Charge-offs |  |  | Recoveries |  |  | (Credit) (A) |  |  | ACL |
Primary residential mortgage |  | $ | 4,828 |  |  | $ | — |  |  | $ | — |  |  | $ | 490 |  |  | $ | 5,318 |
Junior lien loan on residence |  |  | 209 |  |  |  | — |  |  |  | — |  |  |  | 24 |  |  |  | 233 |
Multifamily property |  |  | 18,526 |  |  |  | (6,725 | ) |  |  | — |  |  |  | 5,810 |  |  |  | 17,611 |
Owner-occupied commercial real estate |  |  | 3,254 |  |  |  | — |  |  |  | — |  |  |  | 129 |  |  |  | 3,383 |
Investment commercial real estate |  |  | 12,526 |  |  |  | — |  |  |  | — |  |  |  | 256 |  |  |  | 12,782 |
Commercial and industrial |  |  | 37,545 |  |  |  | (11,299 | ) |  |  | 24 |  |  |  | (3,023 | ) |  |  | 23,247 |
Lease financing |  |  | 2,204 |  |  |  | — |  |  |  | — |  |  |  | 667 |  |  |  | 2,871 |
Construction |  |  | 190 |  |  |  | — |  |  |  | — |  |  |  | 130 |  |  |  | 320 |
Consumer and other loans |  |  | 2,488 |  |  |  | (3 | ) |  |  | 4 |  |  |  | 388 |  |  |  | 2,877 |
Total ACL |  | $ | 81,770 |  |  | $ | (18,027 | ) |  | $ | 28 |  |  | $ | 4,871 |  |  | $ | 68,642 |
(A) Provision to roll forward the ACL excludes a credit of $81,000 for off-balance sheet commitments.
|  | July 1, |  |  |  |  |  |  |  |  |  |  |  | September 30, |
|  | 2024 |  |  |  |  |  |  |  |  |  |  |  | 2024 |
|  | Beginning |  |  |  |  |  |  |  |  | Provision |  |  | Ending |
(In thousands) |  | ACL |  |  | Charge-offs |  |  | Recoveries |  |  | (Credit) (A) |  |  | ACL |
Primary residential mortgage |  | $ | 4,191 |  |  | $ | (43 | ) |  | $ | — |  |  | $ | 263 |  |  | $ | 4,411 |
Junior lien loan on residence |  |  | 187 |  |  |  | — |  |  |  | — |  |  |  | 13 |  |  |  | 200 |
Multifamily property |  |  | 12,601 |  |  |  |  |  |  | — |  |  |  | 180 |  |  |  | 12,781 |
Owner-occupied commercial real estate |  |  | 4,712 |  |  |  | — |  |  |  | — |  |  |  | 197 |  |  |  | 4,909 |
Investment commercial real estate |  |  | 14,452 |  |  |  | — |  |  |  | — |  |  |  | (296 | ) |  |  | 14,156 |
Commercial and industrial |  |  | 28,568 |  |  |  | — |  |  |  | 2,115 |  |  |  | 626 |  |  |  | 31,309 |
Lease financing |  |  | 1,690 |  |  |  | — |  |  |  | 4 |  |  |  | 27 |  |  |  | 1,721 |
Construction |  |  | 655 |  |  |  | — |  |  |  | — |  |  |  | 115 |  |  |  | 770 |
Consumer and other loans |  |  | 928 |  |  |  | (4 | ) |  |  | — |  |  |  | 102 |  |  |  | 1,026 |
Total ACL |  | $ | 67,984 |  |  | $ | (47 | ) |  | $ | 2,119 |  |  | $ | 1,227 |  |  | $ | 71,283 |
(A) Provision to roll forward the ACL excludes a credit of $3,000 for off-balance sheet commitments. The activity in the allowance for the nine months ended September 30, 2025 and September 30, 2024 is summarized below:
|  | January 1, |  |  |  |  |  |  |  |  |  |  |  | September 30, |
|  | 2025 |  |  |  |  |  |  |  |  |  |  |  | 2025 |
|  | Beginning |  |  |  |  |  |  |  |  | Provision |  |  | Ending |
(In thousands) |  | ACL |  |  | Charge-offs |  |  | Recoveries |  |  | (Credit) (A) |  |  | ACL |
Primary residential mortgage |  | $ | 4,398 |  |  | $ | — |  |  | $ | — |  |  | $ | 920 |  |  | $ | 5,318 |
Junior lien loan on residence |  |  | 180 |  |  |  | — |  |  |  | — |  |  |  | 53 |  |  |  | 233 |
Multifamily property |  |  | 17,653 |  |  |  | (6,725 | ) |  |  | — |  |  |  | 6,683 |  |  |  | 17,611 |
Owner-occupied commercial real estate |  |  | 3,208 |  |  |  | — |  |  |  | — |  |  |  | 175 |  |  |  | 3,383 |
Investment commercial real estate |  |  | 11,685 |  |  |  | — |  |  |  | — |  |  |  | 1,097 |  |  |  | 12,782 |
Commercial and industrial |  |  | 33,075 |  |  |  | (13,648 | ) |  |  | 72 |  |  |  | 3,748 |  |  |  | 23,247 |
Lease financing |  |  | 1,488 |  |  |  | — |  |  |  | — |  |  |  | 1,383 |  |  |  | 2,871 |
Construction |  |  | 121 |  |  |  | — |  |  |  | — |  |  |  | 199 |  |  |  | 320 |
Consumer and other loans |  |  | 1,184 |  |  |  | (34 | ) |  |  | 43 |  |  |  | 1,684 |  |  |  | 2,877 |
Total ACL |  | $ | 72,992 |  |  | $ | (20,407 | ) |  | $ | 115 |  |  | $ | 15,942 |  |  | $ | 68,642 |
(A) Provision to roll forward the ACL excludes a credit of $95,000 for off-balance sheet commitments.
|  | January 1, |  |  |  |  |  |  |  |  |  |  |  | September 30, |
|  | 2024 |  |  |  |  |  |  |  |  |  |  |  | 2024 |
|  | Beginning |  |  |  |  |  |  |  |  | Provision |  |  | Ending |
(In thousands) |  | ACL |  |  | Charge-offs |  |  | Recoveries |  |  | (Credit) (A) |  |  | ACL |
Primary residential mortgage |  | $ | 3,931 |  |  | $ | (43 | ) |  | $ | — |  |  | $ | 523 |  |  | $ | 4,411 |
Junior lien loan on residence |  |  | 177 |  |  |  | — |  |  |  | — |  |  |  | 23 |  |  |  | 200 |
Multifamily property |  |  | 8,782 |  |  |  | (5,379 | ) |  |  | — |  |  |  | 9,378 |  |  |  | 12,781 |
Owner-occupied commercial real estate |  |  | 4,840 |  |  |  | — |  |  |  | — |  |  |  | 69 |  |  |  | 4,909 |
Investment commercial real estate |  |  | 15,403 |  |  |  | — |  |  |  | — |  |  |  | (1,247 | ) |  |  | 14,156 |
Commercial and industrial |  |  | 29,707 |  |  |  | (241 | ) |  |  | 2,120 |  |  |  | (277 | ) |  |  | 31,309 |
Lease financing |  |  | 1,663 |  |  |  | — |  |  |  | 3,214 |  |  |  | (3,156 | ) |  |  | 1,721 |
Construction |  |  | 516 |  |  |  | — |  |  |  | — |  |  |  | 254 |  |  |  | 770 |
Consumer and other loans |  |  | 869 |  |  |  | (21 | ) |  |  | 2 |  |  |  | 176 |  |  |  | 1,026 |
Total ACL |  | $ | 65,888 |  |  | $ | (5,684 | ) |  | $ | 5,336 |  |  | $ | 5,743 |  |  | $ | 71,283 |
(A) Provision to roll forward the ACL excludes a provision of $19,000 for off-balance sheet commitments.
Schedule of Activity in ACL for Off Balance Sheet Commitments | The following tables present the activity in the ACL for off-balance sheet commitments for the nine months ended September 30, 2025 and 2024:
|  | January 1, |  |  |  |  |  |  |
|  | 2025 |  |  |  |  |  | September 30, |
|  | Beginning |  |  | Provision |  |  | 2025 |
(In thousands) |  | ACL |  |  | (Credit) |  |  | Ending ACL |
Off balance sheet commitments |  | $ | 691 |  |  | $ | (95 | ) |  | $ | 596 |
Total ACL |  | $ | 691 |  |  | $ | (95 | ) |  | $ | 596 |
|  | January 1, |  |  |  |  |  |  |
|  | 2024 |  |  |  |  |  | September 30, |
|  | Beginning |  |  | Provision |  |  | 2024 |
(In thousands) |  | ACL |  |  | (Credit) |  |  | Ending ACL |
Off balance sheet commitments |  | $ | 687 |  |  | $ | 19 |  |  | $ | 706 |
Total ACL |  | $ | 687 |  |  | $ | 19 |  |  | $ | 706 |

X
- Definition Schedule of loans individually evaluated by segment. + References No definition available. + Details
Name: | pgc_ScheduleOfLoansIndividuallyEvaluatedBySegmentTableTextBlock
Namespace Prefix: | pgc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of off balance sheet credit loss liability. + References No definition available. + Details
Name: | pgc_ScheduleOfOffBalanceSheetCreditLossLiabilityTableTextBlock
Namespace Prefix: | pgc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + 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 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CreditLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss of financing receivable, classified as current. + 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 + Details
Name: | us-gaap_ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration