Peapack gladstone financial corp (PGC)
CashFlow / TTM
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'11Mar'11
OPERATING ACTIVITIES:
Net income

37,382

47,434

45,930

44,428

44,788

44,170

43,810

43,292

39,322

36,497

33,436

30,346

28,970

26,477

23,512

21,779

20,453

19,972

19,841

18,322

16,867

14,890

13,073

11,173

9,399

9,261

7,924

8,792

9,506

9,696

11,165

13,665

13,110

12,168

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

3,152

3,122

3,120

3,090

3,069

3,127

3,151

3,132

3,287

3,275

3,286

3,277

3,124

3,093

3,793

3,835

3,879

3,921

3,196

3,150

3,064

2,993

3,545

3,525

3,532

3,536

2,928

2,924

2,936

2,946

2,935

2,919

2,893

2,870

0

0

0

Amortization of premium and accretion of discount on securities, net

-2,215

-1,782

-1,471

-1,271

-1,282

-1,399

-1,514

-1,597

-1,666

-1,697

-1,664

-1,604

-1,533

-1,478

-1,417

-1,441

-1,509

-1,664

-1,785

-1,751

-1,653

-1,533

-4,471

-3,606

-2,785

-1,887

-2,470

-2,409

-2,324

-2,261

2,393

2,774

2,909

3,017

0

0

0

Amortization of restricted stock

6,060

5,909

5,517

5,180

4,859

4,445

4,507

4,200

3,903

3,741

3,218

3,078

3,061

2,836

2,041

1,952

1,734

1,621

2,053

1,852

1,670

1,475

2,050

1,508

954

590

577

573

577

549

-399

-355

-427

-258

0

0

0

Amortization of intangible assets

1,138

1,043

1,335

1,286

1,236

1,187

768

618

470

321

124

124

138

124

175

144

99

82

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of subordinated debt costs

224

224

223

172

170

169

151

179

158

135

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan and lease losses

23,900

4,000

3,550

3,250

2,400

3,550

3,700

3,600

5,500

5,850

5,700

7,400

7,400

7,500

7,950

7,450

7,450

7,100

6,400

5,950

4,900

4,875

4,950

4,550

3,900

3,425

6,625

6,625

7,625

8,275

5,500

6,250

6,750

7,250

0

0

0

Deferred tax benefit

10,598

10,013

17,135

14,993

12,546

17,042

19,831

17,781

15,105

14,118

-2,972

-209

1,546

952

716

-3,224

-5,312

-4,043

-1,828

-2,836

-1,396

-1,480

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Valuation allowance on other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400

480

480

1,110

1,010

0

0

0

-

-

-

-

-

-

-

-

Stock-based compensation and employee stock purchase plan expense

154

158

163

152

181

189

154

155

140

122

139

136

136

156

195

246

282

319

358

349

323

283

262

256

286

319

317

336

336

336

342

319

340

362

0

0

0

Provision for deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

Fair value adjustment for equity security

256

117

208

137

32

-105

0

0

0

-

0

0

18

-

119

202

360

527

571

527

430

260

341

490

649

840

923

886

755

856

0

0

0

-

-

-

-

Loans originated for sale

95,805

75,588

49,194

41,188

43,230

44,075

50,898

54,889

49,762

43,381

45,387

56,500

67,306

70,874

61,651

42,357

29,613

34,734

35,213

32,642

33,388

28,985

33,265

39,558

60,840

79,291

84,988

109,662

96,600

86,198

81,791

54,484

63,382

36,827

0

0

0

Proceeds from sales of loans held for sale

95,506

73,709

49,109

44,040

45,029

44,483

54,983

56,139

48,358

45,763

48,049

59,571

72,430

72,477

60,069

39,618

30,822

34,543

35,602

-16,382

40,510

30,585

93,037

138,841

70,810

85,081

0

0

0

-

-

-

0

-

-

-

-

Gain on loans held for sale

3,746

2,866

1,944

2,123

2,311

1,970

2,515

2,548

1,888

1,965

1,889

1,638

1,714

1,633

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from sales of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Gains on security sales, available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Loss on loans held for sale at lower of cost or fair value

0

-

-

-

-

-

-

-

-

-

-

-

-

1,233

880

624

124

0

-3

-10

166

166

169

176

0

522

522

55

334

0

-363

220

-8

0

0

0

0

Proceeds from sales of loans at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Gains on loans held for sale at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

502

693

972

1,330

0

0

0

-

-

-

-

-

-

-

-

Loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-7

94

139

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of life insurance, net

755

775

759

764

775

767

801

808

825

818

877

885

891

921

814

760

697

643

671

699

731

752

757

768

782

794

804

802

793

796

809

840

1,332

907

0

0

0

Gains on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

Increase in accrued interest receivable

108

-328

910

4,392

4,382

1,362

4,046

426

483

1,299

420

-957

-674

1,333

-456

1,282

1,554

1,449

1,713

1,593

1,155

1,285

1,109

886

1,020

222

-23

525

-74

-214

261

-937

-50

-153

0

0

0

(Increase)/decrease in other assets

18,829

-5,111

2,945

4,433

-6,183

8,485

14,652

14,324

16,948

9,977

-10,152

-9,723

-10,828

-945

2,333

3,319

3,065

476

595

-729

1,838

-2,590

-6,292

-6,734

-8,664

-5,643

9,573

10,445

12,123

14,147

-289

-2,020

-1,166

-2,368

0

0

0

(Decrease)/increase in accrued expenses and other liabilities

951

12,799

958

10,282

9,069

-929

8,762

-1,580

-1,098

2,330

1,176

1,242

3,870

2,935

4,200

4,772

3,764

3,511

1,490

3,231

2,525

1,153

485

740

470

2,315

3,077

2,084

1,226

1,342

137

392

196

178

0

0

0

NET CASH PROVIDED BY OPERATING ACTIVITIES

61,794

86,296

73,975

76,899

82,052

64,248

68,744

55,998

46,509

55,935

55,081

57,681

62,770

42,926

37,823

28,848

28,694

30,306

29,578

31,513

23,016

27,263

25,865

14,397

30,627

32,702

36,015

37,773

22,558

17,848

14,413

25,585

27,098

22,461

0

0

0

INVESTING ACTIVITIES:
Maturities of investment securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Principal repayments, maturities and calls of securities available for sale

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

96,194

91,262

95,262

91,382

80,382

4,000

0

18,000

18,115

21,115

29,865

3,532

26,598

19,962

29,888

53,362

45,360

0

0

0

Principal repayments, maturities and calls of securities available for sale

-

-

-

-

-

-

-

0

64,439

-

75,741

69,380

72,118

67,999

0

0

0

-

0

0

0

-

69,863

96,933

74,078

83,854

0

0

0

-

-

-

-

-

-

-

-

Redemptions of FHLB and FRB stock

46,364

34,427

16,654

38,813

66,891

87,602

80,302

76,347

60,957

40,561

32,019

18,791

44,718

61,606

65,214

72,524

56,456

48,627

50,000

61,922

26,635

29,722

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Sales of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Purchase of securities available for sale

181,340

209,971

169,595

180,933

171,464

156,893

157,591

117,929

118,038

91,561

142,324

182,897

163,919

187,043

108,099

49,064

43,057

8,049

121,816

151,877

170,898

179,153

92,538

108,555

121,236

129,095

94,835

75,189

45,245

42,380

125,749

168,082

187,171

229,392

0

0

0

Purchase of equity securities

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,499

14,888

28,062

46,254

54,249

47,109

39,181

35,411

39,458

53,700

58,204

54,881

48,568

39,042

32,391

35,087

56,989

54,055

55,662

64,908

0

0

0

Purchase of investment securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,373

27,988

41,987

46,226

62,587

0

0

0

Purchase of FHLB and FRB stock

68,775

39,962

16,497

35,619

61,649

92,758

88,274

79,393

69,224

40,126

31,515

22,655

46,900

61,435

67,570

71,557

59,112

51,018

52,615

67,480

24,467

31,283

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of loans held for sale at lower of cost or fair value

0

-

-

-

-

-

-

-

-

-

-

-

-

201,681

182,763

138,196

57,436

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (increase)/decrease in loans, net of participations sold

524,809

478,099

493,563

439,249

321,852

358,652

169,586

171,165

381,056

505,046

502,180

518,711

518,503

518,832

564,994

606,791

682,255

746,132

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

324,459

191,779

184,866

116,242

207,573

199,544

87,964

106,391

0

0

0

Sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

744

744

448

1,276

1,100

1,921

3,039

3,562

3,749

3,314

2,754

1,867

2,898

8,850

8,174

7,556

7,576

0

0

0

Purchase of premises and equipment

2,446

1,705

1,409

1,125

986

1,059

1,193

1,730

2,097

2,380

2,895

3,884

3,628

3,218

2,706

1,412

1,435

1,924

2,603

2,599

2,957

3,941

4,121

4,372

4,007

2,545

1,553

1,041

902

1,054

887

777

973

975

0

0

0

Disposal of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

14

14

9

0

0

0

0

-

-

-

-

-

-

-

-

Purchase of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,996

2,996

2,996

2,996

0

0

0

0

NET CASH (USED IN)/PROVIDED BY INVESTING ACTIVITIES

-533,613

-486,965

-346,730

-338,323

-231,768

-297,707

-220,463

-122,974

-348,431

-435,514

-492,837

-575,955

-469,996

-433,175

-422,077

-439,242

-578,988

-625,427

-814,084

-898,276

-655,426

-745,159

-627,563

-574,766

-635,447

-407,686

-257,606

-100,876

2,986

6,944

-45,035

-91,590

-91,227

-118,387

0

0

0

FINANCING ACTIVITIES:
Net increase in deposits

522,027

348,171

402,062

572,742

367,050

196,986

-3,403

-58,340

121,512

286,517

362,637

472,214

387,066

476,367

412,515

445,293

521,246

636,777

684,126

548,578

629,036

651,443

630,856

592,242

412,192

130,823

139,877

99,841

69,461

72,535

35,676

61,374

47,993

92,346

0

0

0

Net increase in short-term borrowings

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in overnight borrowings

-

-

-

-

-

-

0

0

0

-

0

57,550

13,450

-40,700

0

-58,050

21,100

-13,900

0

87,500

-79,400

-300

0

0

0

-

-

-

-

-

-

-

0

-

-

0

0

Proceeds from Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Federal Home Loan Bank advances

-

3,000

14,000

22,898

22,898

34,898

35,898

35,897

35,897

23,897

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

218

335

4,451

5,467

5,462

8,458

4,454

6,450

6,446

0

0

0

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,341

-14,341

-14,341

-14,341

-7,172

0

0

0

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

291

470

650

823

0

0

0

Dividends paid on common stock

3,847

3,865

3,877

3,854

3,826

3,712

3,661

3,604

3,538

3,548

3,479

3,420

3,356

3,296

3,242

3,187

3,146

3,100

2,924

2,754

2,581

2,414

2,254

2,096

1,945

1,802

1,792

1,784

1,778

1,774

1,771

1,770

1,767

1,765

0

0

0

Exercise of Stock Options, net of stock swaps

322

251

101

195

227

275

552

471

558

690

1,158

1,314

1,191

1,069

303

133

121

86

48

111

129

174

168

119

100

30

17

24

23

21

0

0

0

-

-

-

-

Restricted stock repurchased on vesting to pay taxes

743

1,106

1,095

1,118

1,167

1,540

1,837

1,814

1,840

1,826

1,473

1,474

1,425

554

523

522

510

81

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Sale of common shares (Dividend Reinvestment Program)

-

-

-

-

-

16,677

25,386

32,848

38,368

36,588

33,006

28,789

26,915

22,461

21,056

19,981

15,912

13,648

9,639

7,584

7,834

7,429

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of shares for employee’s savings and investment plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

494

306

151

70

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of shares for employee stock purchase plan

-

532

739

961

1,031

958

929

918

847

797

700

688

634

637

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of shares (DRIP Program)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

158

154

152

152

0

0

0

Purchase of treasury shares

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY FINANCING ACTIVITIES

1,005,508

448,081

376,864

498,661

236,514

280,785

181,383

39,946

336,474

330,335

371,541

530,764

448,271

482,780

467,611

453,036

555,390

634,074

739,883

689,825

603,700

713,956

683,004

709,133

607,076

290,903

206,186

95,202

40,343

51,383

10,883

40,384

47,837

76,292

0

0

0

Net increase in cash and cash equivalents

533,689

47,412

104,109

237,237

86,798

47,326

29,664

-27,030

34,552

-49,244

-66,215

12,490

41,045

92,531

83,357

42,642

5,096

38,953

-44,623

-176,938

-28,710

-3,940

81,306

148,764

2,256

-84,081

-15,405

32,099

65,887

76,175

-19,739

-25,621

-16,292

-19,634

0

0

0

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the year for:
Interest

59,724

60,293

58,651

54,636

48,844

42,768

36,718

32,564

28,372

26,506

24,875

24,066

20,712

19,965

21,496

15,931

15,567

13,726

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Income tax, net

3,536

3,595

2,083

3,484

3,341

3,605

6,059

12,364

11,377

11,597

12,097

5,717

9,819

14,870

22,254

20,724

19,522

15,572

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Transfer of loans to loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

182,694

446,323

402,182

299,697

286,519

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

2,090

137

137

373

534

767

767

531

233

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Securities purchase settled in subsequent period

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions (Note 21)
Other real estate owned internally financed loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0