2016 Q2 Form 10-Q Financial Statement

#000117494716002638 Filed on May 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q4
Revenue $29.67M $27.12M
YoY Change 16.52% 30.49%
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 $800.0K $756.0K $1.590M
YoY Change -1.23% -5.26% 103.85%
% of Gross Profit
Operating Expenses $19.99M
YoY Change 28.34%
Operating Profit
YoY Change
Interest Expense $4.488M $4.304M
YoY Change 61.56% 76.83%
% of Operating Profit
Other Income/Expense, Net $5.434M
YoY Change 45.8%
Pretax Income $10.65M $8.767M $6.599M
YoY Change 27.13% 5.03% -3.11%
Income Tax $4.090M $3.278M $2.256M
% Of Pretax Income 38.4% 37.39% 34.19%
Net Earnings $6.560M $5.489M $4.343M
YoY Change 25.24% 9.6% 3.11%
Net Earnings / Revenue 18.5% 16.01%
Basic Earnings Per Share $0.35 $0.28
Diluted Earnings Per Share $401.5K $0.34 $0.28
COMMON SHARES
Basic Shares Outstanding 16.32M shares 15.86M shares 15.81M shares
Diluted Shares Outstanding 16.02M shares

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q4
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 $29.20M $29.61M $30.25M
YoY Change -7.59% -7.67% -6.24%
Goodwill $1.573M $1.573M
YoY Change 179.4%
Intangibles $1.691M $1.708M
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.20M $18.00M $15.60M
YoY Change 43.31% 71.43% 48.57%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.605B $3.466B $3.365B
YoY Change 15.6% 20.37% 24.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $28.30M $24.00M $18.90M
YoY Change 89.93% 77.78% 52.42%
Deferred Revenue
YoY Change
Short-Term Debt $21.10M $40.70M
YoY Change -25.46%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.30M $24.00M $18.90M
YoY Change 89.93% 77.78% 52.42%
LONG-TERM LIABILITIES
Long-Term Debt $58.70M $10.10M $10.20M
YoY Change 459.05% -4.72% -4.67%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $58.70M $10.10M $10.20M
YoY Change 459.05% -4.72% -4.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.30M $24.00M $18.90M
Total Long-Term Liabilities $58.70M $10.10M $10.20M
Total Liabilities $3.309B $3.182B $3.089B
YoY Change 15.69% 21.0% 25.56%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $13.93M $13.72M
YoY Change 5.61% 5.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.988M $8.988M
YoY Change 0.0% 0.0%
Treasury Stock Shares 408.2K shares 408.2K shares
Shareholders Equity $295.5M $283.5M $275.7M
YoY Change
Total Liabilities & Shareholders Equity $3.605B $3.466B $3.365B
YoY Change 15.6% 20.37% 24.51%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q4
OPERATING ACTIVITIES
Net Income $6.560M $5.489M $4.343M
YoY Change 25.24% 9.6% 3.11%
Depreciation, Depletion And Amortization $800.0K $756.0K $1.590M
YoY Change -1.23% -5.26% 103.85%
Cash From Operating Activities $12.88M $3.660M $5.370M
YoY Change 1.26% -30.68% 15.73%
INVESTING ACTIVITIES
Capital Expenditures -$350.0K $119.0K -$440.0K
YoY Change -5.41% -80.43% -61.06%
Acquisitions
YoY Change
Other Investing Activities -$136.7M -$87.66M -$104.5M
YoY Change -50.55% -34.39% -64.27%
Cash From Investing Activities -$137.1M -$87.78M -$104.9M
YoY Change -50.48% -34.6% -64.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 127.6M 91.87M 93.53M
YoY Change -44.51% -46.14% -53.08%
NET CHANGE
Cash From Operating Activities 12.88M 3.660M 5.370M
Cash From Investing Activities -137.1M -87.78M -104.9M
Cash From Financing Activities 127.6M 91.87M 93.53M
Net Change In Cash 3.420M 7.750M -6.050M
YoY Change -110.02% -81.38% -93.25%
FREE CASH FLOW
Cash From Operating Activities $12.88M $3.660M $5.370M
Capital Expenditures -$350.0K $119.0K -$440.0K
Free Cash Flow $13.23M $3.541M $5.810M
YoY Change 1.07% -24.21% 0.69%

Facts In Submission

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CY2016Q1 us-gaap Payments Of Dividends Common Stock
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803000 USD
CY2015Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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-587000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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-1635000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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18000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
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3854000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
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5026000 USD
CY2015Q1 us-gaap Depreciation
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798000 USD
CY2015Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2015Q1 us-gaap Restricted Stock Expense
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476000 USD
CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
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79000 USD
CY2015Q1 us-gaap Share Based Compensation
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92000 USD
CY2015Q1 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
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268000 USD
CY2015Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
13183000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
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9925000 USD
CY2015Q1 us-gaap Gains Losses On Sales Of Other Real Estate
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CY2015Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
162000 USD
CY2015Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
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572000 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Assets
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-1421000 USD
CY2015Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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-84000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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5276000 USD
CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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24431000 USD
CY2016Q1 us-gaap Depreciation
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756000 USD
CY2016Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2016Q1 us-gaap Restricted Stock Expense
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589000 USD
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2016Q1 us-gaap Share Based Compensation
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55000 USD
CY2016Q1 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
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101000 USD
CY2016Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
8062000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
6204000 USD
CY2016Q1 us-gaap Gains Losses On Sales Of Other Real Estate
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CY2016Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
216000 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
677000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1168000 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
169000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3664000 USD
CY2016Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
12169000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
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4194000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
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22386000 USD
CY2016Q1 pgc Payments To Acquire Federal Home Loan Bank Stock And Federal Reserve Bank Stock
PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock
16608000 USD
CY2015Q1 pgc Payments To Acquire Federal Home Loan Bank Stock And Federal Reserve Bank Stock
PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock
8514000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Other Receivables
ProceedsFromSaleOfOtherReceivables
57436000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Other Receivables
ProceedsFromSaleOfOtherReceivables
USD
CY2016Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
128170000 USD
CY2015Q1 us-gaap Payments For Proceeds From Loans And Leases
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192047000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-87779000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-134218000 USD
CY2015Q1 us-gaap Increase Decrease In Deposits
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223639000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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-54600000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
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757000 USD
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
27000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
2121000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
151000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
170558000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
41616000 USD
CY2016Q1 us-gaap Increase Decrease In Deposits
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108108000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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-19600000 USD
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
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62000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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4385000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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174000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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91874000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
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7759000 USD
CY2014Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
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31207000 USD
CY2015Q1 us-gaap Cash Cash Equivalents And Federal Funds Sold
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72823000 USD
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1540000 USD
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11000000 USD
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17338000 USD
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9509000 USD
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35559000 USD
CY2015Q1 us-gaap Payments To Acquire Available For Sale Securities
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551000 USD
CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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452000 USD
CY2015Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
23000 USD
CY2016Q1 pgc Available For Sale Securities Text Block1
AvailableForSaleSecuritiesTextBlock1
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margin: 0; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif;">Management believes that the unrealized losses on investment securities available for sale are temporary and are due to interest rate fluctuations and/or volatile market conditions rather than the creditworthiness of the issuers. 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CY2016Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
212374000 USD
CY2016Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2528000 USD
CY2016Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
852000 USD
CY2015Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
194959000 USD
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1710000 USD
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1039000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
13846000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
53000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
19958000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
799000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
33804000 USD
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
852000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
89717000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
345000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
21907000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
694000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
111624000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
1039000 USD
CY2016Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
1393000 USD
CY2015Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
2143000 USD
CY2016Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1133000 USD
CY2016Q1 pgc Time Deposits250000 Or More
TimeDeposits250000OrMore
120100000 USD
CY2016Q1 pgc Financing Receivable Modifications Specific Reserves Recorded Investment
FinancingReceivableModificationsSpecificReservesRecordedInvestment
491000 USD
CY2015Q4 pgc Financing Receivable Modifications Specific Reserves Recorded Investment
FinancingReceivableModificationsSpecificReservesRecordedInvestment
441000 USD
CY2016Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
275000 USD
CY2016Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
40000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
19480000 USD
CY2015Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
160000 USD
CY2015Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
146000 USD
CY2015Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
20816000 USD
CY2016Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
2
CY2016Q1 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1133000 USD
CY2015Q1 pgc Time Deposits250000 Or More
TimeDeposits250000OrMore
47400000 USD
CY2016Q1 pgc Percentage Of Noninterest Bearing Domestic Deposits To Deposits Demand
PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand
0.1504 pure
CY2015Q4 pgc Percentage Of Noninterest Bearing Domestic Deposits To Deposits Demand
PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand
0.1430 pure
CY2016Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.2975 pure
CY2015Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.2936 pure
CY2016Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.0391 pure
CY2015Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.0392 pure
CY2016Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.2697 pure
CY2015Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.2762 pure
CY2016Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Certificates Of Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit
0.1468 pure
CY2015Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Certificates Of Deposit
PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit
0.1480 pure
CY2016Q1 pgc Deposit Liabilities Excluding Brokered Deposits
DepositLiabilitiesExcludingBrokeredDeposits
2749948000 USD
CY2016Q1 pgc Percentage Of Non Brokered Deposits To Deposits
PercentageOfNonBrokeredDepositsToDeposits
0.9035 pure
CY2015Q4 pgc Deposit Liabilities Excluding Brokered Deposits
DepositLiabilitiesExcludingBrokeredDeposits
2641750000 USD
CY2015Q4 pgc Percentage Of Non Brokered Deposits To Deposits
PercentageOfNonBrokeredDepositsToDeposits
0.9000 pure
CY2016Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Brokered
PercentageOfInterestBearingDomesticDepositsToDepositsBrokered
0.0657 pure
CY2015Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Brokered
PercentageOfInterestBearingDomesticDepositsToDepositsBrokered
0.0681 pure
CY2016Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits
0.0308 pure
CY2015Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits
PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits
0.0319 pure
CY2016Q1 pgc Deposits Percentage
DepositsPercentage
1.0000 pure
CY2015Q4 pgc Deposits Percentage
DepositsPercentage
1.0000 pure
CY2016Q1 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
77568000 USD
CY2016Q1 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
102202000 USD
CY2016Q1 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
181386000 USD
CY2016Q1 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
65310000 USD
CY2016Q1 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
34426000 USD
CY2016Q1 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
79571000 USD
CY2016Q1 us-gaap Time Deposits Noncurrent
TimeDepositsNoncurrent
540463000 USD
CY2016Q1 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Interest Rate
FederalHomeLoanBankAdvancesBranchOfFHLBBankInterestRate
0.0178 pure
CY2016Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary By Interest Rate Type Fixed Rate
FederalHomeLoanBankAdvancesMaturitiesSummaryByInterestRateTypeFixedRate
71700000 USD
CY2016Q1 pgc Fixed Maturity Federal Home Loan Bank Advances Branch Of Fhlb Bank Fixed Interest Rate
FixedMaturityFederalHomeLoanBankAdvancesBranchOfFHLBBankFixedInterestRate
0.0157 pure
CY2016Q1 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
382400000 USD
CY2016Q1 pgc Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged3
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged3
961300000 USD
CY2016Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary By Interest Rate Type Floating Rate
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17600000 USD
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FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
34898000 USD
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FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
3000000 USD
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CY2016Q1 us-gaap Revenues
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CY2015Q1 us-gaap Revenues
Revenues
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NonInterestExpenseAndProvisionForLoanLosses
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CY2015Q1 us-gaap Assets
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CY2016Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
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FederalDepositInsuranceCorporationPremiumExpense
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false
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PEAPACK GLADSTONE FINANCIAL CORP
CY2016Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001050743
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2016Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2016Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2016Q1 dei Document Type
DocumentType
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CY2016Q1 us-gaap Goodwill
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CY2016Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2016Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
589000 USD
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2016Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
803000 USD
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AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
20000 USD
CY2016Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
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CY2016Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2016Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
174000 USD
CY2016Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17000 USD
CY2015Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2016Q1 us-gaap Interest Paid
InterestPaid
4304000 USD
CY2015Q1 us-gaap Interest Paid
InterestPaid
2463000 USD
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
5800000 USD
CY2015Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1850000 USD
CY2016Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
13178000 USD
CY2015Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
USD
CY2016Q1 us-gaap Transfer Of Investments
TransferOfInvestments
298000 USD
CY2015Q1 us-gaap Transfer Of Investments
TransferOfInvestments
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
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CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
22.07
CY2016Q1 us-gaap Threshold Period Past Due For Writeoff Of Financing Receivable
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CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2016Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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CY2016Q1 us-gaap Share Price
SharePrice
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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shares
CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2016Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4615 shares
CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.39
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
340 shares
CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.18
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.12
CY2016Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y2M19D
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
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P4Y2M19D
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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17.30
CY2016Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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31000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5489000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5008000 USD
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
158694 shares
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
160630 shares
CY2015Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
2911552000 USD
CY2016Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3002502000 USD
CY2016Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1864000 USD
CY2015Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1690000 USD
CY2016Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
23335000 USD
CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
491000 USD
CY2016Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
3025837000 USD
CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
26830000 USD
CY2015Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
23107000 USD
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
490000 USD
CY2015Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2888445000 USD
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
25366000 USD
CY2016Q1 pgc Impaired Non Accrual Loans Performing Troubled Debt Restructuring
ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring
15800000 USD
CY2015Q4 pgc Impaired Non Accrual Loans Performing Troubled Debt Restructuring
ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring
16200000 USD
CY2016Q1 pgc Allowance On Troubled Debt Restructuring
AllowanceOnTroubledDebtRestructuring
491000 USD
CY2015Q4 pgc Allowance On Troubled Debt Restructuring
AllowanceOnTroubledDebtRestructuring
160000 USD
CY2016Q1 pgc Allowance On Non Accrual Loans Troubled Debt Restructuring
AllowanceOnNonAccrualLoansTroubledDebtRestructuring
441000 USD
CY2015Q4 pgc Allowance On Non Accrual Loans Troubled Debt Restructuring
AllowanceOnNonAccrualLoansTroubledDebtRestructuring
162000 USD
CY2016Q1 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
23014000 USD
CY2016Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
19953000 USD
CY2016Q1 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
19217000 USD
CY2016Q1 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
3460000 USD
CY2016Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3382000 USD
CY2016Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
491000 USD
CY2016Q1 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
3065000 USD
CY2016Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
26474000 USD
CY2016Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
23335000 USD
CY2016Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
22282000 USD
CY2015Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
22097000 USD
CY2015Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
19750000 USD
CY2015Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
17900000 USD
CY2015Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
3518000 USD
CY2015Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3357000 USD
CY2015Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
490000 USD
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
3304000 USD
CY2015 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
25615000 USD
CY2015 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
23107000 USD
CY2015 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
21204000 USD
CY2016Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7278000 USD
CY2016Q1 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate For Year
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateForYear
0.0049 pure
CY2015Q4 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate For Year
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateForYear
0.0052 pure
CY2016Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
USD
CY2015Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
6747000 USD
CY2015Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
USD
CY2015Q4 pgc Loans Held For Sale At Fair Value
LoansHeldForSaleAtFairValue
1558000 USD
CY2016Q1 pgc Residential Loans Contractual Amount
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3483000 USD
CY2015Q4 pgc Residential Loans Contractual Amount
ResidentialLoansContractualAmount
1536000 USD
CY2016Q1 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
54000 USD
CY2015 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
22000 USD
CY2016Q1 pgc Loans Held For Sale At Fair Value
LoansHeldForSaleAtFairValue
3537000 USD
CY2016Q1 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
346000 USD
CY2016Q1 pgc Valuation Allowance For Impairment Collateral Loans
ValuationAllowanceForImpairmentCollateralLoans
61000 USD
CY2015Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
299000 USD
CY2015Q4 pgc Valuation Allowance For Impairment Collateral Loans
ValuationAllowanceForImpairmentCollateralLoans
48000 USD

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