Peapack gladstone financial corp (PGC)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and due from banks

6

6

5

5

4

5

4

4

4

4

4

4

4

24

17

18

15

11

10

6

7

6

6

5

6

6

5

5

5

6

5

5

5

7

8

8

6

Federal funds sold

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Interest-earning deposits

767

201

221

298

235

154

118

62

149

108

88

89

113

138

141

62

61

58

65

32

65

24

114

209

95

28

33

60

94

112

49

29

28

35

66

51

56

Total cash and cash equivalents

774

208

227

304

240

160

123

66

153

113

93

93

118

162

159

81

77

70

76

38

72

31

120

215

101

35

39

66

99

119

54

34

33

43

74

60

62

Securities available for sale

400

390

349

378

384

377

368

346

342

327

315

315

300

305

249

206

214

195

220

245

276

332

269

225

248

268

273

270

283

304

253

257

281

319

311

249

275

Equity security, at fair value

14

10

7

4

4

4

4

4

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities held to maturity (fair value $99,427 in 2011)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76

84

88

100

121

140

140

FHLB and FRB stock, at cost

40

24

21

18

18

18

21

21

23

13

13

18

15

13

14

14

13

13

11

15

10

11

9

9

12

10

7

4

4

4

4

4

5

4

4

4

4

Loans held for sale, at fair value

3

2

1

2

-

1

0

0

0

0

2

1

-

1

3

4

3

1

0

0

4

0

0

2

1

2

0

4

1

6

8

2

3

2

0

1

0

Loans held for sale, at lower of cost or fair value

4

14

5

0

3

3

4

3

3

0

0

1

0

0

30

60

38

82

27

-

-

0

0

-

51

-

0

0

0

13

-

-

-

0

-

-

-

Loans

4,408

4,394

4,159

4,029

3,897

3,927

3,798

3,722

3,708

3,704

3,667

3,664

3,439

3,312

3,232

3,148

3,027

2,913

2,855

2,741

2,442

2,250

2,040

1,874

1,763

1,574

1,396

1,252

1,161

1,132

1,096

1,106

1,077

1,038

973

965

932

Less: Allowance for loan and lease losses

63

43

41

39

38

38

37

38

37

36

35

35

33

32

30

29

27

25

24

22

20

19

18

17

16

15

14

13

13

12

13

13

13

13

13

14

14

Net loans

4,344

4,350

4,118

3,989

3,858

3,889

3,761

3,684

3,670

3,668

3,631

3,628

3,406

3,279

3,202

3,119

3,000

2,887

2,830

2,718

2,421

2,230

2,022

1,857

1,746

1,558

1,382

1,238

1,148

1,119

1,082

1,092

1,064

1,025

959

951

918

Premises and equipment

21

20

20

20

21

27

27

28

28

29

29

29

30

30

30

29

29

30

31

31

32

32

30

31

31

28

29

29

29

30

30

30

31

31

32

33

33

Other real estate owned

0

0

0

-

-

0

0

1

2

2

0

0

0

0

0

0

0

0

0

0

1

1

0

1

2

1

2

3

4

3

3

3

3

7

3

3

4

Accrued interest receivable

11

10

11

11

11

10

10

7

7

9

6

6

6

8

6

7

7

6

6

6

5

5

5

4

4

4

4

3

3

3

4

3

3

4

3

4

4

Bank owned life insurance

46

46

45

45

45

45

45

44

44

44

44

44

43

43

43

43

43

42

32

32

32

32

32

32

32

31

31

31

31

31

30

30

30

27

27

27

27

Deferred tax assets, net

-

-

-

-

-

-

-

-

0

0

16

16

15

15

14

18

17

15

14

12

10

10

11

9

9

9

7

8

10

9

25

26

26

26

27

24

25

Goodwill and other intangible assets

-

-

-

-

-

-

-

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

30

30

33

24

24

24

28

17

17

17

-

1

1

1

1

1

1

1

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangible assets

10

10

7

7

7

7

6

6

6

6

-

1

1

1

1

1

1

1

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease right-of-use assets

4

5

5

5

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

11

12

10

11

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

113

45

57

45

27

45

34

30

30

26

7

6

6

13

17

15

16

14

15

13

12

12

11

11

9

15

17

17

18

21

8

7

6

7

7

9

9

TOTAL ASSETS

5,831

5,182

4,925

4,871

4,662

4,617

4,435

4,265

4,336

4,260

4,176

4,165

3,947

3,878

3,774

3,604

3,465

3,364

3,268

3,118

2,879

2,702

2,514

2,400

2,251

1,966

1,797

1,679

1,635

1,667

1,583

1,578

1,579

1,600

1,575

1,510

1,505

LIABILITIES
Deposits:
Noninterest-bearing demand deposits

581

529

544

544

476

463

503

527

536

539

557

548

528

489

494

469

457

419

399

386

377

366

383

410

350

356

345

326

307

298

306

304

288

297

254

238

228

Interest-bearing deposits:
Checking

1,680

1,510

1,352

1,388

1,268

1,247

1,148

1,053

1,089

1,152

1,144

1,085

1,015

1,023

928

897

905

861

829

667

634

600

558

474

407

378

338

352

336

346

332

323

318

341

337

322

290

Savings

112

112

115

112

114

114

116

120

126

119

121

121

122

120

119

120

119

115

117

120

115

112

111

116

119

115

115

115

114

109

103

104

98

92

89

86

80

Money market accounts

1,163

1,196

1,196

1,207

1,209

1,243

1,097

1,051

1,006

1,091

1,046

1,081

1,049

1,048

997

861

820

810

792

717

714

700

713

673

660

630

611

559

547

583

504

495

512

516

511

507

524

Certificates of deposit - retail

651

633

583

570

545

510

466

431

540

344

528

475

440

457

466

466

446

434

411

384

310

198

-

-

-

151

-

-

-

-

-

-

-

-

-

-

-

Certificates of deposit - listing service

38

47

55

58

68

79

85

96

-

198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subtotal deposits

4,227

4,029

3,847

3,881

3,683

3,659

3,418

3,281

3,299

3,445

3,398

3,312

3,156

3,138

3,006

2,815

2,749

2,641

2,550

2,276

2,152

1,979

1,932

1,832

1,755

1,632

-

-

-

-

-

-

-

-

-

-

-

Certificates of deposit $100,000 and over

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

64

58

-

62

65

67

68

72

78

73

71

76

73

79

Certificates of deposit less than $100,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85

92

93

-

98

102

106

109

112

115

120

124

127

132

147

Interest-bearing demand - brokered

180

180

180

180

180

180

180

180

180

180

180

180

180

180

200

200

200

200

243

293

263

188

138

138

138

10

-

-

-

-

-

-

-

-

-

-

-

Certificates of deposit - brokered

33

33

33

33

56

56

61

61

72

72

83

88

93

93

93

93

93

93

93

94

106

131

132

145

65

5

-

-

-

-

-

-

-

-

-

-

-

Total deposits

4,441

4,243

4,061

4,095

3,919

3,895

3,659

3,522

3,552

3,698

3,662

3,581

3,430

3,411

3,300

3,109

3,043

2,935

2,887

2,663

2,522

2,298

2,203

2,115

1,893

1,647

1,572

1,522

1,481

1,516

1,432

1,423

1,411

1,443

1,397

1,361

1,351

Short-term borrowings

515

128

67

-

-

-

95

127

216

-

-

87

34

0

0

29

21

40

0

87

-

54

0

-

79

54

30

-

-

0

-

-

-

-

-

-

-

Federal Home Loan Bank advances

105

105

105

105

105

108

84

52

22

37

49

58

58

61

71

83

83

83

83

83

83

83

-83

-83

-83

74

-47

-12

-12

-12

-12

-16

-17

-17

-20

-20

-24

Finance lease liabilities

7

7

7

7

8

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

11

12

10

11

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Overnight borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

-

-

-

-

Capital lease obligation

-

-

-

-

-

-

8

8

8

9

9

9

9

9

9

9

10

10

10

10

10

10

9

9

9

8

8

8

8

8

9

9

9

9

6

6

6

Subordinated debt, net

83

83

83

83

83

83

83

83

83

83

48

48

48

48

48

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

28

26

19

15

12

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to brokers, securities settlements

10

7

-

-

-

-

-

-

-

-

-

-

-

-

7

-

-

-

1

-

-

-

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

131

65

75

58

45

37

51

33

31

28

25

23

24

22

27

48

24

18

19

14

13

12

12

9

9

10

11

11

8

8

11

15

7

6

30

6

5

TOTAL LIABILITIES

5,335

4,679

4,430

4,377

4,180

4,148

3,981

3,828

3,914

3,856

3,796

3,808

3,606

3,554

3,465

3,309

3,182

3,088

3,002

2,860

2,630

2,460

2,326

2,218

2,075

1,796

1,671

1,555

1,510

1,545

1,466

1,464

1,468

1,477

1,454

1,395

1,387

SHAREHOLDERS’ EQUITY
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

-

0

0

0

13

13

13

20

Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 20,220,701 at March 31, 2020 and 20,074,766 at December 31, 2019; outstanding shares, 18,852,523 at March 31, 2020 and 18,926,810 at December 31, 2019

16

16

16

16

16

16

16

16

16

15

15

15

14

14

14

14

13

13

13

13

13

12

10

10

10

10

7

7

7

7

7

7

7

7

7

7

7

Surplus

320

319

318

311

309

309

305

297

293

283

268

255

247

238

230

224

217

213

207

202

198

195

147

145

142

140

99

98

98

97

96

96

96

96

96

95

95

Treasury stock at cost, 1,368,178 shares at March 31, 2020 and 1,147,956 shares at December 31, 2019

36

29

25

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

Retained earnings

199

199

187

176

165

154

145

135

124

114

104

95

88

81

74

68

62

58

54

49

45

41

37

34

31

28

26

25

23

21

20

18

16

13

12

7

4

Accumulated other comprehensive loss, net of income tax

-3

-1

-1

-1

-1

-2

-3

-2

-2

-1

-0

-0

-0

-1

-1

-2

-2

-0

-0

0

1

1

1

1

0

0

0

0

3

4

1

0

-0

0

-0

-0

-1

TOTAL SHAREHOLDERS’ EQUITY

496

503

495

493

481

469

454

437

422

403

379

356

340

324

309

295

283

275

266

257

249

242

188

182

175

170

126

124

124

122

117

114

111

122

120

115

117

TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY

5,831

5,182

4,925

4,871

4,662

4,617

4,435

4,265

4,336

4,260

4,176

4,165

3,947

3,878

3,774

3,604

3,465

3,364

3,268

3,118

2,879

2,702

2,514

2,400

2,251

1,966

1,797

1,679

1,635

1,667

1,583

1,578

1,579

1,600

1,575

1,510

1,505