Peapack-Gladstone Bank in Gladstone, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Peapack-Gladstone Bank - Overview

  • General
  • FDIC Certificate #: 11035
    Status: Active
    Federal Reserve ID: 236706
    Bank Holding Company (Regulatory Top Holder): Peapack-Gladstone Financial Corporation (RSSDID: 2651590, Location: Bedminster, NJ)
    Date Established: September 21, 1921
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 23 (Domestic: 23, Interstate: No)
    FDIC's unique #: 7072
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 190 Main St, Gladstone, NJ 7934
    County: Somerset
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Middlesex-Somerset-Hunterdon, NJ (#5015)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: Edison-New Brunswick, NJ (#20764)
  • History of Changes
  • Corrections
    Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,599.7 mil
    Equity capital: $120.4 mil
    Deposits held in domestic offices: $1,445.3 mil
    Return on assets (ROA): 0.79% ($12.6 mil)
    Quarterly return on assets: 0.64% ($10.2 mil)
    Return on Equity (ROE): 10.66% ($12.8 mil)
    Quarterly return on equity: 8.55% ($10.3 mil)
    Net income: $12.2 mil
    Quarterly Net income: $2.5 mil
    Pretax return on assets: 0.91% ($14,557.2 mil)
    Quarterly Pretax return on assets: 0.90% ($14,397.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 295Total employees (full-time equivalent)
  • $1,599,693Total assets
  • $42,953Cash and due from depository institutions
  • $35,856Interest-bearing balances
  • $419,639Securities
  • $100Federal funds sold & reverse repurchase agreements
  • $1,027,963Net loans & leases
  • $13,223Loan loss allowance
  • $0Trading account assets
  • $31,941Bank premises and fixed assets
  • $7,137Other real estate owned
  • $563Goodwill and other intangibles
  • $1,599,693Life insurance assets
  • $69,397All other assets
  • $1,479,267Total liabilities and capital
  • $1,445,347Total liabilities
  • $1,361,325Total deposits
  • $1,445,347Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $26,858Trading liabilities
  • $0Other borrowed funds
  • $7,062Subordinated debt
  • $120,426All other liabilities
  • $120,426Total equity capital
  • $120,426Total bank equity capital
  • $0Perpetual preferred stock
  • $3,892Common stock
  • $45,852Surplus
  • $70,682Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,841Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,210Income earned, not collected on loans
  • $0Earning assets
  • $4,077Long-term assets (5+ years)
  • $1,483,558Average Assets, year-to-date
  • $855,001Average Assets, quarterly
  • $1,541,028Volatile liabilities
  • $1,586,928Insider loans
  • $977,368FHLB advances
  • $1,580,388Loans and leases held for sale
  • $27,296Unused loan commitments
  • $6,222Tier 1 (core) risk-based capital
  • $119,764Tier 2 risk-based capital
  • $13,785Total risk weighted assets
  • $7,289Total unused commitments
  • $104,374Restructured Loans and leases
  • $2,274Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $55,980Total interest income
  • $7,140Total interest expense
  • $48,840Net interest income
  • $7,250Provision for loan and lease losses
  • $15,683Total noninterest income
  • $10,254Fiduciary activities
  • $2,908Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,521Additional noninterest income
  • $44,335Total noninterest expense
  • $23,230Salaries and employee benefits
  • $9,370Premises and equipment expense
  • $11,735Additional noninterest expense
  • $12,938Pre-tax net operating income
  • $1,016Securities gains (losses)
  • $1,798Applicable income taxes
  • $12,156Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,156Net income attributable to bank
  • $0Net charge-offs
  • $12,156Cash dividends
  • $8,309Sale, conversion, retirement of capital stock, net
  • $6,120Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.93%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 3.43%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 10.66%Return on equity (ROE)
  • 5.29%Retained earnings to average equity (YTD only)
  • 0.85%Net charge-offs to loans
  • 87.25%Credit loss provision to net charge-offs
  • 2.43%Efficiency ratio
  • 68,712Assets per employee
  • 5.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.35%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 68.83%Noncurrent assets plus other real estate owned to assets
  • 1.65%Noncurrent loans to loans
  • 1.85%Net loans and leases to deposits
  • 71.12%Net loans and leases to core deposits
  • 72.13%Equity capital to assets
  • 7.53%Core capital (leverage) ratio
  • 7.58%Tier 1 risk-based capital ratio
  • 12.25%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,541,028Average earning assets
  • $114,044Average equity
  • $1,425,467Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,212,465Managed Assets
  • 1Number of Accounts
  • $1,143,411Personal trust and agency accounts
  • $506,181Employee benefit-defined contribution accounts
  • $31,018Employee benefit-defined benefit accounts
  • $608Other retirement accounts
  • $109,165Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $492,091Other fiduciary accounts
  • $4,348Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1608Number of Accounts
  • $0Personal trust and agency accounts
  • $109,165Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $69,054Other retirement accounts
  • $26,555Corporate trust and agency accounts
  • $4,175Other fiduciary accounts
  • $36,314Fiduciary accounts held in foreign offices

List of branches

  • 23 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07072Peapack-Gladstone Bank190 Main St, Gladstone, NJ 7934September 21, 1921Full Service Brick and Mortar
    2223558Far Hills BranchDumont Road, Far Hills, NJ 7931April 01, 1968Full Service Brick and Mortar
    4223560Pottersville BranchPottersville And Hacklebarney Roads, Bedminster Township, NJ 7979September 22, 1976Full Service Brick and Mortar
    5223561Bernardsville Branch155 Morristown Road, Bernardsville, NJ 7924October 27, 1980Full Service Brick and Mortar
    6223562Califon-Lower Valley BranchVictorian Square, R.R. 3, Califon, NJ 7830August 02, 1986Full Service Brick and Mortar
    7223563Long Valley Branch59 East Mill Road, Long Valley, NJ 7853July 01, 1987Full Service Brick and Mortar
    8223564Pluckemin Branch468 Route 206 North, Bedminster, NJ 7921December 05, 1988Full Service Brick and Mortar
    9223565Mendham Branch17 East Main Street, Mendham, NJ 7945October 10, 1991Full Service Brick and Mortar
    10223566Chester Branch350 Main Street, Chester, NJ 7930July 01, 1996Full Service Brick and Mortar
    12223568Fellowship Village BranchFellowship Village, 8000 Fellowship Road, Basking Ridge, NJ 7920December 18, 1996Full Service Brick and Mortar
    1344259Chatham Branch311 Main Street, Chatham, NJ 7928January 01, 1908Full Service Brick and Mortar
    14284717Green Village Branch278 Green Village Road, Chatham, NJ 7928January 01, 1908Full Service Brick and Mortar
    16359673Hillsborough417 Route 206 North, Hillsborough, NJ 8844Febuary 26, 2001Full Service Brick and Mortar
    17364480Clinton Branch189 Center St, Clinton, NJ 8809January 02, 2002Full Service Brick and Mortar
    18419529Warren Branch58 Mountain Boulevard, Warren, NJ 7059October 07, 2002Full Service Brick and Mortar
    19430103Oldwick Branch169 Lamington Road, Oldwick, NJ 8858June 28, 2004Full Service Brick and Mortar
    20442001Morristown Branch233 South Street, Morristown, NJ 7960December 04, 2004Full Service Brick and Mortar
    21453059Bridgewater Branch619 East Main Street, Bridgewater, NJ 8807September 10, 2005Full Service Brick and Mortar
    22453060Chubb Corporate Headquarters Branch15 Mountain View Road, Warren, NJ 7059March 13, 2006Limited Service Facility
    23466124Summit-Deforest Branch48 Deforest Avenue, Summit, NJ 7901March 28, 2007Full Service Brick and Mortar
    24478527Whitehouse Branch531 Us Highway 22 East, Whitehouse Station, NJ 8889May 26, 2008Full Service Brick and Mortar
    25493052Piscataway Branch1038 Stelton Road, Piscataway, NJ 8854May 16, 2009Full Service Brick and Mortar
    26510419Summit/Short Hills Branch54 Morris Essex Turnpike, Summit, NJ 7901August 25, 2009Full Service Brick and Mortar

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