XML 128 R115.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY) (STATEMENTS OF CASH FLOWS) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income $ 44,170 $ 36,497 $ 26,477
Amortization of subordinated debt costs 169 135 71
Increase in other assets (8,485) (9,977) 945
(Decrease)/increase in accrued expenses and other liabilities (929) 2,330 2,935
Net cash provided by operating activities 64,248 55,935 42,926
Investing activities:      
Net cash used in investing activities (297,707) (435,514) (433,175)
Financing activities:      
Cash dividends paid on common stock (3,712) (3,548) (3,296)
Exercise of stock options, net stock swaps 275 690 1,069
Proceeds from issuance of subordinated debt   34,125 48,693
Issuance of common shares (DRIP program) 16,677 36,588 22,461
Net cash provided by financing activities 280,785 330,335 482,780
Net increase/(decrease) in cash and cash equivalents 47,326 (49,244) 92,531
Parent Company [Member]      
Operating activities:      
Net income 44,170 36,497 26,477
Undistributed earnings of Bank (48,410) (38,942) (28,036)
Amortization of subordinated debt costs 171 135 71
Increase in other assets (1,183) (1,248) (889)
(Decrease)/increase in accrued expenses and other liabilities (256) 113 114
Net cash provided by operating activities (5,508) (3,445) (2,263)
Investing activities:      
Capital contribution to subsidiary (9,322) (60,177) (57,823)
Net cash used in investing activities (9,322) (60,177) (57,823)
Financing activities:      
Cash dividends paid on common stock (3,712) (3,548) (3,296)
Exercise of stock options, net stock swaps 275 690 1,069
Proceeds from issuance of subordinated debt   34,125 48,693
Issuance of common shares (DRIP program) 16,677 36,588 22,461
Net cash provided by financing activities 13,240 67,855 68,927
Net increase/(decrease) in cash and cash equivalents (1,590) 4,233 8,841
Cash and cash equivalents at beginning of period 15,078 10,845 2,004
Cash and cash equivalents at end of period $ 13,488 $ 15,078 $ 10,845