2015 Q2 Form 10-Q Financial Statement

#000117494715001328 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $26.84M $22.40M
YoY Change 19.86% 66.39%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $810.0K $720.0K
YoY Change 12.5% -1.37%
% of Gross Profit
Operating Expenses $16.27M $14.93M
YoY Change 8.95% 6.04%
Operating Profit
YoY Change
Interest Expense $3.508M $1.707M
YoY Change 105.51% 68.68%
% of Operating Profit
Other Income/Expense, Net $3.616M $3.507M
YoY Change 3.11%
Pretax Income $8.377M $6.316M
YoY Change 32.63% 103.41%
Income Tax $3.139M $2.533M
% Of Pretax Income 37.47% 40.1%
Net Earnings $5.238M $3.783M
YoY Change 38.46% 88.3%
Net Earnings / Revenue 19.51% 16.89%
Basic Earnings Per Share $0.34 $0.32
Diluted Earnings Per Share $0.34 $0.32
COMMON SHARES
Basic Shares Outstanding 15.08M shares 11.72M shares
Diluted Shares Outstanding 15.23M shares 11.85M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $31.60M $31.10M
YoY Change 1.61% 7.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.70M $9.400M
YoY Change 35.11% 9.3%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.118B $2.401B
YoY Change 29.87% 42.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $14.90M $9.900M
YoY Change 50.51% -15.38%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.90M $9.900M
YoY Change 50.51% -15.38%
LONG-TERM LIABILITIES
Long-Term Debt $10.50M $9.800M
YoY Change 7.14% 10.11%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $10.50M $9.800M
YoY Change 7.14% 10.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.90M $9.900M
Total Long-Term Liabilities $10.50M $9.800M
Total Liabilities $2.860B $2.219B
YoY Change 28.92% 42.63%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $257.9M $182.3M
YoY Change
Total Liabilities & Shareholders Equity $3.118B $2.401B
YoY Change 29.87% 42.95%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $5.238M $3.783M
YoY Change 38.46% 88.3%
Depreciation, Depletion And Amortization $810.0K $720.0K
YoY Change 12.5% -1.37%
Cash From Operating Activities $12.72M $4.230M
YoY Change 200.71% -79.32%
INVESTING ACTIVITIES
Capital Expenditures -$370.0K -$740.0K
YoY Change -50.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities -$276.4M -$33.23M
YoY Change 731.9% -64.75%
Cash From Investing Activities -$276.8M -$33.96M
YoY Change 715.11% -64.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 230.0M 143.8M
YoY Change 59.87% 244.28%
NET CHANGE
Cash From Operating Activities 12.72M 4.230M
Cash From Investing Activities -276.8M -33.96M
Cash From Financing Activities 230.0M 143.8M
Net Change In Cash -34.13M 114.1M
YoY Change -129.91% -452.08%
FREE CASH FLOW
Cash From Operating Activities $12.72M $4.230M
Capital Expenditures -$370.0K -$740.0K
Free Cash Flow $13.09M $4.970M
YoY Change 163.38% -76.13%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q2 pgc Subtotal Deposits
SubtotalDeposits
2276522000 USD
CY2014Q4 us-gaap Interest Receivable
InterestReceivable
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CY2014Q4 us-gaap Assets
Assets
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CY2015Q2 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
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CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2014Q4 us-gaap Other Real Estate
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1324000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Long Term
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83692000 USD
CY2015Q2 us-gaap Stockholders Equity
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257876000 USD
CY2014Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
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366371000 USD
CY2015Q2 us-gaap Cash And Due From Banks
CashAndDueFromBanks
6205000 USD
CY2015Q2 us-gaap Time Deposits
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CY2015Q2 us-gaap Common Stock Shares Outstanding
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CY2014Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
32634000 USD
CY2015Q2 us-gaap Interest Bearing Domestic Deposit Checking
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CY2014Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
12433000 USD
CY2015Q2 us-gaap Preferred Stock Value
PreferredStockValue
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CY2014Q4 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
11593000 USD
CY2014Q4 us-gaap Common Stock Shares Authorized
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CY2014Q4 us-gaap Preferred Stock Liquidation Preference
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1000
us-gaap Interest And Fee Income Loans And Leases
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us-gaap Interest And Fee Income Loans And Leases
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us-gaap Interest Income Securities Taxable
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us-gaap Interest And Fee Income Loans And Leases Held For Sale
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us-gaap Interest And Fee Income Loans And Leases Held For Sale
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us-gaap Interest Income Domestic Deposits
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us-gaap Interest Income Domestic Deposits
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us-gaap Interest And Dividend Income Operating
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pgc Interest Expense Excluding Brokered Deposits
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us-gaap Interest Expense Domestic Deposit Liabilities Brokered
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us-gaap Interest And Dividend Income Operating
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us-gaap Interest Expense Savings Deposits
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us-gaap Interest Expense Domestic Deposit Liabilities Brokered
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pgc Interest Expense Domestic Certificates Of Deposit Liabilities Brokered
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1028000 USD
pgc Interest Expense Domestic Certificates Of Deposit Liabilities Brokered
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295000 USD
us-gaap Depreciation
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us-gaap Interest Expense Savings Deposits
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us-gaap Interest Expense Time Deposits
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us-gaap Interest Expense Time Deposits
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us-gaap Interest Expense Borrowings
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820000 USD
us-gaap Interest Expense Borrowings
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772000 USD
us-gaap Capital Leases Income Statement Interest Expense
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us-gaap Capital Leases Income Statement Interest Expense
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237000 USD
pgc Interest Expense Excluding Brokered Deposits
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4858000 USD
us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Income Expense Net
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39927000 USD
us-gaap Interest Income Expense Net
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us-gaap Provision For Loan And Lease Losses
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3550000 USD
us-gaap Provision For Loan And Lease Losses
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2475000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Fees And Commissions Fiduciary And Trust Activities
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8563000 USD
us-gaap Fees And Commissions Fiduciary And Trust Activities
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pgc Service Charges And Fees
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1642000 USD
pgc Service Charges And Fees
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1402000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
785000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
542000 USD
pgc Gain Loss On Loans Held For Sale At Fair Value
GainLossOnLoansHeldForSaleAtFairValue
309000 USD
pgc Gain Loss On Loans Held For Sale At Fair Value
GainLossOnLoansHeldForSaleAtFairValue
224000 USD
us-gaap Noninterest Income Other
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638000 USD
us-gaap Noninterest Income Other
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188000 USD
us-gaap Gain Loss On Investments
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444000 USD
us-gaap Gain Loss On Investments
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us-gaap Noninterest Income
NoninterestIncome
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us-gaap Noninterest Income
NoninterestIncome
10468000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
19297000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
17937000 USD
us-gaap Occupancy Net
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5394000 USD
us-gaap Occupancy Net
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4772000 USD
us-gaap Other Expenses
OtherExpenses
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us-gaap Other Expenses
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6560000 USD
us-gaap Operating Expenses
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32034000 USD
us-gaap Operating Expenses
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29269000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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11218000 USD
us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11664410 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15189781 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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us-gaap Increase Decrease In Deposits
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us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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3812000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
376000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
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772000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Restricted Stock Expense
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us-gaap Real Estate Owned Valuation Allowance Provision1
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Share Based Compensation
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us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
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us-gaap Payments For Origination Of Mortgage Loans Held For Sale
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pgc Gain Loss On Loans Held For Sale At Lower Of Cost Or Fair Value
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176000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Depreciation
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us-gaap Share Based Compensation
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us-gaap Payments For Origination Of Mortgage Loans Held For Sale
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us-gaap Proceeds From Sale Of Available For Sale Securities
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us-gaap Proceeds From Sale Of Available For Sale Securities
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pgc Payments To Acquire Federal Home Loan Bank Stock And Federal Reserve Bank Stock
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pgc Payments To Acquire Federal Home Loan Bank Stock And Federal Reserve Bank Stock
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pgc Available For Sale Securities Text Block1
AvailableForSaleSecuritiesTextBlock1
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div class="CursorPointer"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif;"><b>2. INVESTMENT SECURITIES AVAILABLE FOR SALE </b></font></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif;"><b>&#160;</b></font></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif;">A summary of amortized cost and approximate fair value of securities available for sale included in the consolidated statements of condition as of June 30, 2015 and December 31, 2014 follows:</font></p> <div><p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0;"><font style="font-family: arial, helvetica, sans-serif;">&#160;</font></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: arial, helvetica, sans-serif; width: 100%;"> <tr style="vertical-align: bottom;"> <td style="font-family: 'Times New Roman';" nowrap="nowrap"></td> <td style="font-family: 'times new roman'; 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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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306000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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400515000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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7481000 USD
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35147000 USD
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215626000 USD
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1.0000 pure
CY2014Q4 pgc Percentage Of Loans And Leases Receivable Net Of Deferred Income
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1.0000 pure
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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14880000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
USD
pgc Proceeds From Sale Of Federal Home Loan Bank Stock And Federal Reserve Bank Stock
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32200000 USD
pgc Proceeds From Sale Of Federal Home Loan Bank Stock And Federal Reserve Bank Stock
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USD
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5310000 USD
us-gaap Payments To Acquire Available For Sale Securities
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32586000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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54000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
USD
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2739447000 USD
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1.0000 pure
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2247257000 USD
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1.0000 pure
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2491000 USD
CY2014Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
3010000 USD
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0.0178 pure
CY2015Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary By Interest Rate Type Fixed Rate
FederalHomeLoanBankAdvancesMaturitiesSummaryByInterestRateTypeFixedRate
71700000 USD
CY2015Q2 pgc Fixed Maturity Federal Home Loan Bank Advances Branch Of Fhlb Bank Fixed Interest Rate
FixedMaturityFederalHomeLoanBankAdvancesBranchOfFHLBBankFixedInterestRate
0.0157 pure
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396200000 USD
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1010000000 USD
CY2015Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary By Interest Rate Type Floating Rate
FederalHomeLoanBankAdvancesMaturitiesSummaryByInterestRateTypeFloatingRate
12000000 USD
CY2015Q2 pgc Floating Federal Home Loan Bank Advances Branch Of Fhlb Bank Fixed Interest Rate
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0.0301 pure
CY2015Q2 pgc Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged2
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14900000 USD
CY2014Q4 us-gaap Advances From Federal Home Loan Banks
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83700000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Weighted Average Interest Rate
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0.0178 pure
CY2015Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
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CY2015Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
21897000 USD
CY2015Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
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23897000 USD
CY2015Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
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34898000 USD
CY2015Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Four To Five Years Of Balance Sheet Date
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3000000 USD
CY2015Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due After Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueAfterFiveYearsOfBalanceSheetDate
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CY2015Q2 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
83692000 USD
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20806000 USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
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1077000 USD
CY2015Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2718641000 USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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21892000 USD
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20451000 USD
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CY2014Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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2226806000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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18523000 USD
CY2015Q2 pgc Impaired Non Accrual Loans Performing Troubled Debt Restructuring
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13700000 USD
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12770000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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12045000 USD
CY2015Q2 pgc Allowance On Troubled Debt Restructuring
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1000000 USD
CY2015Q2 pgc Allowance On Non Accrual Loans Troubled Debt Restructuring
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159000 USD
CY2014Q4 pgc Allowance On Troubled Debt Restructuring
AllowanceOnTroubledDebtRestructuring
892000 USD
CY2014Q4 pgc Allowance On Non Accrual Loans Troubled Debt Restructuring
AllowanceOnNonAccrualLoansTroubledDebtRestructuring
204000 USD
CY2014Q4 pgc Impaired Non Accrual Loans Performing Troubled Debt Restructuring
ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring
13600000 USD
CY2015Q2 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
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14928000 USD
CY2015Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
8182000 USD
CY2015Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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8036000 USD
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us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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23110000 USD
CY2015Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
20806000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
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20103000 USD
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ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
13098000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
12205000 USD
CY2014 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
12185000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
8549000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
8246000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
957000 USD
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ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
7537000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
21647000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
20451000 USD
CY2014 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
19722000 USD
CY2015Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7111000 USD
CY2015Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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6850000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
USD
CY2015Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
1744000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
1755000 USD
CY2015Q2 pgc Financing Receivable Modifications Specific Reserves Recorded Investment
FinancingReceivableModificationsSpecificReservesRecordedInvestment
870000 USD
CY2014Q4 pgc Financing Receivable Modifications Specific Reserves Recorded Investment
FinancingReceivableModificationsSpecificReservesRecordedInvestment
688000 USD
CY2015Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.2693 pure
CY2014Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.3046 pure
CY2015Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Certificates Of Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit
0.1442 pure
CY2014Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Certificates Of Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit
0.0865 pure
CY2015Q2 pgc Deposit Liabilities Excluding Brokered Deposits
DepositLiabilitiesExcludingBrokeredDeposits
2276522000 USD
CY2015Q2 pgc Percentage Of Non Brokered Deposits To Deposits
PercentageOfNonBrokeredDepositsToDeposits
0.8546 pure
CY2015Q2 pgc Time Deposits250000 Or More
TimeDeposits250000OrMore
82200000 USD
CY2014Q2 pgc Time Deposits250000 Or More
TimeDeposits250000OrMore
18200000 USD
CY2015Q2 pgc Percentage Of Noninterest Bearing Domestic Deposits To Deposits Demand
PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand
0.1451 pure
CY2014Q4 pgc Percentage Of Noninterest Bearing Domestic Deposits To Deposits Demand
PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand
0.1594 pure
CY2015Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.2507 pure
CY2014Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.2614 pure
CY2015Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.0453 pure
CY2014Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.0491 pure
CY2014Q4 pgc Deposit Liabilities Excluding Brokered Deposits
DepositLiabilitiesExcludingBrokeredDeposits
1979026000 USD
CY2014Q4 pgc Percentage Of Non Brokered Deposits To Deposits
PercentageOfNonBrokeredDepositsToDeposits
0.8609 pure
CY2015Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Brokered
PercentageOfInterestBearingDomesticDepositsToDepositsBrokered
0.1100 pure
CY2014Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Brokered
PercentageOfInterestBearingDomesticDepositsToDepositsBrokered
0.0818 pure
CY2015Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
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0.0354 pure
CY2014Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
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0.0573 pure
CY2015Q2 pgc Deposits Percentage
DepositsPercentage
1.0000 pure
CY2014Q4 pgc Deposits Percentage
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1.0000 pure
CY2015Q2 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
49950000 USD
CY2015Q2 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
53746000 USD
CY2015Q2 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
84338000 USD
CY2015Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
431000 USD
CY2014Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
303000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
913000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
579000 USD
CY2015Q2 pgc Other Expenses Trust Department Expense
OtherExpensesTrustDepartmentExpense
512000 USD
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
PEAPACK GLADSTONE FINANCIAL CORP
dei Entity Central Index Key
EntityCentralIndexKey
0001050743
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
15591046 shares
CY2015Q2 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
147266000 USD
CY2015Q2 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
56524000 USD
CY2015Q2 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
86635000 USD
CY2015Q2 us-gaap Time Deposits Noncurrent
TimeDepositsNoncurrent
478459000 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
dei Trading Symbol
TradingSymbol
PGC
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Type
DocumentType
10-Q
CY2015Q2 pgc Gain Loss On Loans Held For Sale At Lower Of Cost Or Fair Value
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USD
CY2014Q2 pgc Gain Loss On Loans Held For Sale At Lower Of Cost Or Fair Value
GainLossOnLoansHeldForSaleAtLowerOfCostOrFairValue
176000 USD
pgc Gain Loss On Loans Held For Sale At Lower Of Cost Or Fair Value
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USD
CY2015Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
22624000 USD
CY2014Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
17428000 USD
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InterestIncomeSecuritiesTaxable
1037000 USD
CY2014Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
977000 USD
CY2015Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
128000 USD
CY2014Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
189000 USD
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InterestAndFeeIncomeLoansAndLeasesHeldForSale
24000 USD
CY2014Q2 us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
15000 USD
CY2015Q2 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
39000 USD
CY2014Q2 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
21000 USD
CY2015Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
23852000 USD
CY2014Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
18630000 USD
CY2015Q2 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
1184000 USD
CY2014Q2 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
504000 USD
CY2015Q2 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
1051000 USD
CY2014Q2 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
369000 USD
CY2015Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
20816000 USD
CY2015Q2 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
89000 USD
CY2015Q2 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
42000 USD
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
249000 USD
CY2014Q2 pgc Other Expenses Trust Department Expense
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453000 USD
pgc Other Expenses Trust Department Expense
OtherExpensesTrustDepartmentExpense
1133000 USD
pgc Other Expenses Trust Department Expense
OtherExpensesTrustDepartmentExpense
999000 USD
CY2015Q2 us-gaap Professional Fees
ProfessionalFees
583000 USD
CY2014Q2 us-gaap Professional Fees
ProfessionalFees
519000 USD
us-gaap Professional Fees
ProfessionalFees
1351000 USD
us-gaap Professional Fees
ProfessionalFees
970000 USD
CY2015Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
428000 USD
CY2014Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
382000 USD
CY2015Q2 us-gaap Capital Leases Income Statement Interest Expense
CapitalLeasesIncomeStatementInterestExpense
126000 USD
CY2014Q2 us-gaap Capital Leases Income Statement Interest Expense
CapitalLeasesIncomeStatementInterestExpense
118000 USD
CY2015Q2 pgc Interest Expense Excluding Brokered Deposits
InterestExpenseExcludingBrokeredDeposits
2789000 USD
CY2014Q2 pgc Interest Expense Excluding Brokered Deposits
InterestExpenseExcludingBrokeredDeposits
1373000 USD
CY2015Q2 us-gaap Interest Expense Domestic Deposit Liabilities Brokered
InterestExpenseDomesticDepositLiabilitiesBrokered
215000 USD
CY2014Q2 us-gaap Interest Expense Domestic Deposit Liabilities Brokered
InterestExpenseDomesticDepositLiabilitiesBrokered
70000 USD
CY2015Q2 pgc Interest Expense Domestic Certificates Of Deposit Liabilities Brokered
InterestExpenseDomesticCertificatesOfDepositLiabilitiesBrokered
504000 USD
CY2014Q2 pgc Interest Expense Domestic Certificates Of Deposit Liabilities Brokered
InterestExpenseDomesticCertificatesOfDepositLiabilitiesBrokered
264000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
3508000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
1707000 USD
CY2015Q2 us-gaap Interest Income Expense Net
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20344000 USD
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
16923000 USD
CY2015Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2200000 USD
CY2014Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1150000 USD
CY2015Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
18144000 USD
CY2014Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
15773000 USD
CY2015Q2 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
4532000 USD
CY2014Q2 us-gaap Fees And Commissions Fiduciary And Trust Activities
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4005000 USD
CY2015Q2 pgc Service Charges And Fees
ServiceChargesAndFees
837000 USD
CY2014Q2 pgc Service Charges And Fees
ServiceChargesAndFees
708000 USD
CY2015Q2 us-gaap Bank Owned Life Insurance Income
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248000 USD
CY2014Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
276000 USD
CY2015Q2 pgc Gain Loss On Loans Held For Sale At Fair Value
GainLossOnLoansHeldForSaleAtFairValue
161000 USD
CY2014Q2 pgc Gain Loss On Loans Held For Sale At Fair Value
GainLossOnLoansHeldForSaleAtFairValue
112000 USD
CY2015Q2 us-gaap Noninterest Income Other
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545000 USD
CY2014Q2 us-gaap Noninterest Income Other
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117000 USD
CY2015Q2 us-gaap Gain Loss On Investments
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176000 USD
CY2014Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
79000 USD
CY2015Q2 us-gaap Noninterest Income
NoninterestIncome
6499000 USD
CY2014Q2 us-gaap Noninterest Income
NoninterestIncome
5473000 USD
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
9872000 USD
CY2014Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
9089000 USD
CY2015Q2 us-gaap Occupancy Net
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2778000 USD
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OccupancyNet
2334000 USD
CY2015Q2 us-gaap Other Expenses
OtherExpenses
3616000 USD
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3507000 USD
CY2015Q2 us-gaap Operating Expenses
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CY2014Q2 us-gaap Operating Expenses
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CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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8377000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6316000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
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CY2014Q2 us-gaap Income Tax Expense Benefit
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CY2015Q2 us-gaap Net Income Loss
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CY2014Q2 us-gaap Net Income Loss
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EarningsPerShareDiluted
0.34
CY2014Q2 us-gaap Earnings Per Share Diluted
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0.32
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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15082516 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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11721256 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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15233151 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11846075 shares
CY2015Q2 us-gaap Loan Portfolio Expense
LoanPortfolioExpense
76000 USD
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LoanPortfolioExpense
124000 USD
us-gaap Loan Portfolio Expense
LoanPortfolioExpense
189000 USD
us-gaap Loan Portfolio Expense
LoanPortfolioExpense
224000 USD
CY2015Q2 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
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CY2014Q2 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
300000 USD
us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
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CY2015Q2 pgc Other Operating Expenses
OtherOperatingExpenses
2014000 USD
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OtherOperatingExpenses
1808000 USD
pgc Other Operating Expenses
OtherOperatingExpenses
3757000 USD
pgc Other Operating Expenses
OtherOperatingExpenses
3388000 USD
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
188000 USD
CY2014Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16587000 USD
CY2014Q2 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
660000 USD
CY2014Q2 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
127000 USD
CY2014Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
17204000 USD
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LoansAndLeasesReceivableAllowance
15373000 USD
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
813000 USD
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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169000 USD
us-gaap Stock Issued During Period Value Other
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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1098000 USD
us-gaap Dividends Common Stock Cash
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839000 USD

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