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10-Q Filing

PEAPACK GLADSTONE FINANCIAL CORP CIK: 1050743 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001564590-22-020611
Period End Date 20220331
Filing Date 20220518
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance pgc-10q_20220331_htm.xml
Balance Sheet 115 line items
Line Item Tag Value Unit Period
Securities held to maturity fair value HeldToMaturitySecuritiesFairValue $100.31M USD Point-in-time
Securities held to maturity fair value HeldToMaturitySecuritiesFairValue $108.46M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $5.93M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $8.85M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare - USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare - USD Point-in-time
Interest-earning deposits InterestBearingDepositsInBanks $105.11M USD Point-in-time
Interest-earning deposits InterestBearingDepositsInBanks $140.88M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 500,000.00 shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 500,000.00 shares Point-in-time
Total cash and cash equivalents CashCashEquivalentsAndFederalFundsSold $113.96M USD Point-in-time
Total cash and cash equivalents CashCashEquivalentsAndFederalFundsSold $146.80M USD Point-in-time
Preferred stock, liquidation preference per share PreferredStockLiquidationPreference $1.00K USD Point-in-time
Preferred stock, liquidation preference per share PreferredStockLiquidationPreference $1.00K USD Point-in-time
Securities available for sale AvailableForSaleSecuritiesDebtSecurities $601.16M USD Point-in-time
Common stock, stated value CommonStockParOrStatedValuePerShare $0.83 USD Point-in-time
Securities available for sale AvailableForSaleSecuritiesDebtSecurities $796.75M USD Point-in-time
Common stock, stated value CommonStockParOrStatedValuePerShare $0.83 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 42.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 42.00M shares Point-in-time
Securities held to maturity (fair value $100,314 at March 31, 2022 and $108,460 at December 31, 2021) HeldToMaturitySecurities $106.82M USD Point-in-time
Securities held to maturity (fair value $100,314 at March 31, 2022 and $108,460 at December 31, 2021) HeldToMaturitySecurities $108.68M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 20.93M shares Point-in-time
Equity security, at fair value EquitySecuritiesFvNi $14.00M USD Point-in-time
Equity security, at fair value EquitySecuritiesFvNi $14.69M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 20.66M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 18.39M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 18.37M shares Point-in-time
FHLB and FRB stock, at cost FederalHomeLoanBankStockAndFederalReserveBankStock $18.57M USD Point-in-time
FHLB and FRB stock, at cost FederalHomeLoanBankStockAndFederalReserveBankStock $12.95M USD Point-in-time
Treasury stock, shares TreasuryStockShares 2.56M shares Point-in-time
Treasury stock, shares TreasuryStockShares 2.26M shares Point-in-time
Loans held for sale, at fair value LoansHeldForSaleFairValueDisclosure $605.00K USD Point-in-time
Loans held for sale, at fair value LoansHeldForSaleFairValueDisclosure $3.04M USD Point-in-time
Loans held for sale, at lower of cost or fair value LoansAndLeasesReceivableHeldAtCostOrFairValue $26.35M USD Point-in-time
Loans held for sale, at lower of cost or fair value LoansAndLeasesReceivableHeldAtCostOrFairValue $34.05M USD Point-in-time
Loans LoansAndLeasesReceivableNetOfDeferredIncome $4.81B USD Point-in-time
Loans LoansAndLeasesReceivableNetOfDeferredIncome $5.12B USD Point-in-time
Less: Allowance for credit losses LoansAndLeasesReceivableAllowance $61.70M USD Point-in-time
Less: Allowance for credit losses LoansAndLeasesReceivableAllowance $67.54M USD Point-in-time
Less: Allowance for credit losses LoansAndLeasesReceivableAllowance $58.39M USD Point-in-time
Less: Allowance for credit losses LoansAndLeasesReceivableAllowance $67.31M USD Point-in-time
Net loans LoansAndLeasesReceivableNetReportedAmount $5.06B USD Point-in-time
Net loans LoansAndLeasesReceivableNetReportedAmount $4.75B USD Point-in-time
Premises and equipment PropertyPlantAndEquipmentNet $23.04M USD Point-in-time
Premises and equipment PropertyPlantAndEquipmentNet $22.96M USD Point-in-time
Accrued interest receivable InterestReceivable $22.89M USD Point-in-time
Accrued interest receivable InterestReceivable $21.59M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $46.80M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $46.66M USD Point-in-time
Goodwill Goodwill $36.21M USD Point-in-time
Goodwill Goodwill $36.21M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $12.69M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $12.26M USD Point-in-time
Finance lease right-of-use assets FinanceLeaseRightOfUseAsset $3.58M USD Point-in-time
Finance lease right-of-use assets FinanceLeaseRightOfUseAsset $3.40M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $14.72M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $9.78M USD Point-in-time
Due from brokers DueFromCorrespondentBrokers $120.25M USD Point-in-time
Other assets OtherAssets $30.89M USD Point-in-time
Other assets OtherAssets $62.45M USD Point-in-time
TOTAL ASSETS Assets $6.26B USD Point-in-time
TOTAL ASSETS Assets $5.97B USD Point-in-time
TOTAL ASSETS Assets $6.08B USD Point-in-time
Noninterest-bearing demand deposits NoninterestBearingDomesticDepositDemand $1.02B USD Point-in-time
Noninterest-bearing demand deposits NoninterestBearingDomesticDepositDemand $956.48M USD Point-in-time
Checking InterestBearingDomesticDepositChecking $2.29B USD Point-in-time
Checking InterestBearingDomesticDepositChecking $2.36B USD Point-in-time
Savings InterestBearingDomesticDepositSavings $154.91M USD Point-in-time
Savings InterestBearingDomesticDepositSavings $162.12M USD Point-in-time
Money market accounts DepositsMoneyMarketDeposits $1.31B USD Point-in-time
Money market accounts DepositsMoneyMarketDeposits $1.30B USD Point-in-time
Certificates of deposit - retail TimeDeposits $409.61M USD Point-in-time
Certificates of deposit - retail TimeDeposits $384.91M USD Point-in-time
Certificates of deposit - listing service ListingServiceCertificatesOfDeposit $31.35M USD Point-in-time
Certificates of deposit - listing service ListingServiceCertificatesOfDeposit $31.38M USD Point-in-time
Subtotal deposits DepositLiabilitiesExcludingBrokeredDeposits $5.15B USD Point-in-time
Subtotal deposits DepositLiabilitiesExcludingBrokeredDeposits $5.27B USD Point-in-time
Interest-bearing demand - brokered InterestBearingDomesticDepositBrokered $85.00M USD Point-in-time
Interest-bearing demand - brokered InterestBearingDomesticDepositBrokered $85.00M USD Point-in-time
Certificates of deposit - brokered BrokeredCertificatesOfDeposit $33.82M USD Point-in-time
Certificates of deposit - brokered BrokeredCertificatesOfDeposit $33.83M USD Point-in-time
Total deposits Deposits $5.39B USD Point-in-time
Total deposits Deposits $5.27B USD Point-in-time
Short-term borrowings ShortTermBorrowings $122.08M USD Point-in-time
Finance lease liabilities FinanceLeaseLiability $5.82M USD Point-in-time
Finance lease liabilities FinanceLeaseLiability $5.57M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $10.11M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $15.15M USD Point-in-time
Subordinated debt, net SubordinatedDebt $132.70M USD Point-in-time
Subordinated debt, net SubordinatedDebt $132.77M USD Point-in-time
Deferred tax liabilities, net DeferredIncomeTaxLiabilitiesNet $26.92M USD Point-in-time
Deferred tax liabilities, net DeferredIncomeTaxLiabilitiesNet $39.32M USD Point-in-time
Accrued expenses and other liabilities AccountsPayableAndOtherAccruedLiabilities $77.50M USD Point-in-time
Accrued expenses and other liabilities AccountsPayableAndOtherAccruedLiabilities $42.32M USD Point-in-time
TOTAL LIABILITIES Liabilities $5.73B USD Point-in-time
TOTAL LIABILITIES Liabilities $5.53B USD Point-in-time
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share) PreferredStockValue - USD Point-in-time
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share) PreferredStockValue - USD Point-in-time
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 20,933,112 at March 31, 2022 and 20,656,810 at December 31, 2021; outstanding shares, 18,370,312 at March 31, 2022 and 18,393,888 at December 31, 2021 CommonStockValue $17.22M USD Point-in-time
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 20,933,112 at March 31, 2022 and 20,656,810 at December 31, 2021; outstanding shares, 18,370,312 at March 31, 2022 and 18,393,888 at December 31, 2021 CommonStockValue $17.45M USD Point-in-time
Surplus StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance $332.47M USD Point-in-time
Surplus StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance $332.36M USD Point-in-time
Treasury stock at cost, 2,562,800 shares at March 31, 2022 and 2,262,922 shares at December 31, 2021 TreasuryStockValue $76.28M USD Point-in-time
Treasury stock at cost, 2,562,800 shares at March 31, 2022 and 2,262,922 shares at December 31, 2021 TreasuryStockValue $65.10M USD Point-in-time
Retained earnings RetainedEarningsUnappropriated $290.72M USD Point-in-time
Retained earnings RetainedEarningsUnappropriated $274.29M USD Point-in-time
Accumulated other comprehensive loss, net of income tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-12.37M USD Point-in-time
Accumulated other comprehensive loss, net of income tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-40.94M USD Point-in-time
TOTAL SHAREHOLDERS EQUITY StockholdersEquity $523.43M USD Point-in-time
TOTAL SHAREHOLDERS EQUITY StockholdersEquity $527.12M USD Point-in-time
TOTAL SHAREHOLDERS EQUITY StockholdersEquity $546.39M USD Point-in-time
TOTAL SHAREHOLDERS EQUITY StockholdersEquity $522.44M USD Point-in-time
TOTAL LIABILITIES & SHAREHOLDERS EQUITY LiabilitiesAndStockholdersEquity $6.08B USD Point-in-time
TOTAL LIABILITIES & SHAREHOLDERS EQUITY LiabilitiesAndStockholdersEquity $6.26B USD Point-in-time
Income Statement 81 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio $40.47M USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio $35.38M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $3.61M USD 1 Quarter
Taxable InterestIncomeSecuritiesTaxable $2.63M USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $21.00K USD 1 Quarter
Tax-exempt InterestIncomeSecuritiesTaxExempt $43.00K USD 1 Quarter
Interest on loans held for sale InterestAndFeeIncomeLoansAndLeasesHeldForSale $11.00K USD 1 Quarter
Interest on loans held for sale InterestAndFeeIncomeLoansAndLeasesHeldForSale $55.00K USD 1 Quarter
Interest on interest-earning deposits InterestIncomeDomesticDeposits $128.00K USD 1 Quarter
Interest on interest-earning deposits InterestIncomeDomesticDeposits $29.00K USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $38.24M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $44.14M USD 1 Quarter
Interest on savings and interest-bearing deposit accounts InterestExpenseSavingsDeposits $1.78M USD 1 Quarter
Interest on savings and interest-bearing deposit accounts InterestExpenseSavingsDeposits $1.79M USD 1 Quarter
Interest on certificates of deposit InterestExpenseTimeDeposits $606.00K USD 1 Quarter
Interest on certificates of deposit InterestExpenseTimeDeposits $1.47M USD 1 Quarter
Interest on borrowed funds InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm $64.00K USD 1 Quarter
Interest on borrowed funds InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm $209.00K USD 1 Quarter
Interest on finance lease liability FinanceLeaseInterestExpense $68.00K USD 1 Quarter
Interest on finance lease liability FinanceLeaseInterestExpense $79.00K USD 1 Quarter
Interest on subordinated debt InterestExpenseSubordinatedNotesAndDebentures $1.36M USD 1 Quarter
Interest on subordinated debt InterestExpenseSubordinatedNotesAndDebentures $2.15M USD 1 Quarter
Subtotal - interest expense InterestExpenseExcludingBrokeredDeposits $3.88M USD 1 Quarter
Subtotal - interest expense InterestExpenseExcludingBrokeredDeposits $5.69M USD 1 Quarter
Interest on interest-bearing demand - brokered InterestExpenseDomesticDepositLiabilitiesBrokered $493.00K USD 1 Quarter
Interest on interest-bearing demand - brokered InterestExpenseDomesticDepositLiabilitiesBrokered $373.00K USD 1 Quarter
Interest on certificates of deposits - brokered InterestExpenseDomesticCertificatesOfDepositLiabilitiesBrokered $261.00K USD 1 Quarter
Interest on certificates of deposits - brokered InterestExpenseDomesticCertificatesOfDepositLiabilitiesBrokered $261.00K USD 1 Quarter
Total interest expense InterestExpense $6.45M USD 1 Quarter
Total interest expense InterestExpense $4.52M USD 1 Quarter
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES InterestIncomeExpenseNet $31.79M USD 1 Quarter
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES InterestIncomeExpenseNet $39.62M USD 1 Quarter
Provision for credit losses (1) ProvisionForLoanAndLeaseLosses $2.38M USD 1 Quarter
Provision for credit losses (1) ProvisionForLoanAndLeaseLosses $225.00K USD 1 Quarter
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES InterestIncomeExpenseAfterProvisionForLoanLoss $37.25M USD 1 Quarter
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES InterestIncomeExpenseAfterProvisionForLoanLoss $31.57M USD 1 Quarter
Wealth management fee income WealthManagementFeeIncome $14.83M USD 1 Quarter
Wealth management fee income WealthManagementFeeIncome $12.13M USD 1 Quarter
Service charges and fees ServiceChargesAndFees $846.00K USD 1 Quarter
Service charges and fees ServiceChargesAndFees $952.00K USD 1 Quarter
Bank owned life insurance BankOwnedLifeInsuranceIncome $313.00K USD 1 Quarter
Bank owned life insurance BankOwnedLifeInsuranceIncome $611.00K USD 1 Quarter
Gain on loans held for sale at fair value (mortgage banking) GainLossOnLoansHeldForSaleAtFairValue $1.02M USD 1 Quarter
Gain on loans held for sale at fair value (mortgage banking) GainLossOnLoansHeldForSaleAtFairValue $247.00K USD 1 Quarter
Gain on loans held for sale at lower of cost or fair value GainLossOnSalesOfLoansNet $282.00K USD 1 Quarter
Gain on sale of SBA loans GainOnSaleOfSbaLoans $2.84M USD 1 Quarter
Gain on sale of SBA loans GainOnSaleOfSbaLoans $1.45M USD 1 Quarter
Corporate advisory fee income CorporateAdvisoryFeeIncome $1.56M USD 1 Quarter
Corporate advisory fee income CorporateAdvisoryFeeIncome $1.10M USD 1 Quarter
Other income NoninterestIncomeOther $643.00K USD 1 Quarter
Other income NoninterestIncomeOther $1.25M USD 1 Quarter
Loss on securities sale, net GainLossOnInvestments $-6.61M USD 1 Quarter
Fair value adjustment for CRA equity security EquityFairValueAdjustment $-265.00K USD 1 Quarter
Fair value adjustment for CRA equity security EquityFairValueAdjustment $-682.00K USD 1 Quarter
Total other income NoninterestIncome $14.71M USD 1 Quarter
Total other income NoninterestIncome $17.82M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $22.45M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $21.99M USD 1 Quarter
Premises and equipment OccupancyNet $4.65M USD 1 Quarter
Premises and equipment OccupancyNet $4.11M USD 1 Quarter
FDIC insurance expense FederalDepositInsuranceCorporationPremiumExpenseBenefit $471.00K USD 1 Quarter
FDIC insurance expense FederalDepositInsuranceCorporationPremiumExpenseBenefit $585.00K USD 1 Quarter
Swap valuation allowance SwapValuationAllowance $673.00K USD 1 Quarter
Other operating expense OtherExpenses $4.91M USD 1 Quarter
Other operating expense OtherExpenses $5.93M USD 1 Quarter
Total operating expenses NoninterestExpense $31.59M USD 1 Quarter
Total operating expenses NoninterestExpense $34.17M USD 1 Quarter
INCOME BEFORE INCOME TAX EXPENSE IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $17.79M USD 1 Quarter
INCOME BEFORE INCOME TAX EXPENSE IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $17.79M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.62M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.35M USD 1 Quarter
NET INCOME NetIncomeLoss $13.18M USD 1 Quarter
NET INCOME NetIncomeLoss $13.44M USD 1 Quarter
Basic EarningsPerShareBasic $0.70 USD 1 Quarter
Basic EarningsPerShareBasic $0.73 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.67 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.71 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 18.34M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 18.95M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 18.95M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 19.53M shares 1 Quarter
Cash Flow Statement 88 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $13.18M USD 1 Quarter
Net income ProfitLoss $13.44M USD 1 Quarter
Depreciation Depreciation $784.00K USD 1 Quarter
Depreciation Depreciation $839.00K USD 1 Quarter
Amortization of premium and accretion of discount on securities, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $-1.58M USD 1 Quarter
Amortization of premium and accretion of discount on securities, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $-947.00K USD 1 Quarter
Amortization of restricted stock RestrictedStockExpense $2.48M USD 1 Quarter
Amortization of restricted stock RestrictedStockExpense $1.61M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $368.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $431.00K USD 1 Quarter
Amortization of subordinated debt costs AmortizationOfFinancingCosts $71.00K USD 1 Quarter
Amortization of subordinated debt costs AmortizationOfFinancingCosts $43.00K USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $2.38M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $225.00K USD 1 Quarter
Swap valuation allowance SwapValuationAllowance $673.00K USD 1 Quarter
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-841.00K USD 1 Quarter
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-3.58M USD 1 Quarter
Stock-based compensation and employee stock purchase plan expense EmployeeStockOwnershipPlanESOPCompensationExpense $30.00K USD 1 Quarter
Stock-based compensation and employee stock purchase plan expense EmployeeStockOwnershipPlanESOPCompensationExpense $35.00K USD 1 Quarter
Fair value adjustment for equity security EquitySecuritiesFvNiUnrealizedGainLoss $-682.00K USD 1 Quarter
Fair value adjustment for equity security EquitySecuritiesFvNiUnrealizedGainLoss $-265.00K USD 1 Quarter
Loss on securities available for sale DebtSecuritiesAvailableForSaleGainLoss $-6.61M USD 1 Quarter
Loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $53.89M USD 1 Quarter
Loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $34.78M USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $43.01M USD 1 Quarter
Proceeds from sales of loans held for sale ProceedsFromSaleOfLoansHeldForSale $64.90M USD 1 Quarter
Gain on loans held for sale GainsLossesOneLoansOriginatedForResale $3.09M USD 1 Quarter
Gain on loans held for sale GainsLossesOneLoansOriginatedForResale $2.47M USD 1 Quarter
Gain on loans held for sale at lower of cost or fair value GainLossOnLoansHeldForSaleAtLowerOfCostOrFairValue $282.00K USD 1 Quarter
Gain on life insurance death benefit OtherNoncashIncome $302.00K USD 1 Quarter
Increase in cash surrender value of life insurance, net LifeInsuranceCorporateOrBankOwnedChangeInValue $142.00K USD 1 Quarter
Increase in cash surrender value of life insurance, net LifeInsuranceCorporateOrBankOwnedChangeInValue $153.00K USD 1 Quarter
Increase in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $1.30M USD 1 Quarter
Increase in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $1.42M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-4.96M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-2.81M USD 1 Quarter
(Decrease)/increase in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $1.72M USD 1 Quarter
(Decrease)/increase in accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-587.00K USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $30.30M USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $30.92M USD 1 Quarter
Principal repayments, maturities and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $102.22M USD 1 Quarter
Principal repayments, maturities and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $52.78M USD 1 Quarter
Principal repayments, maturities and calls of securities held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $1.83M USD 1 Quarter
Redemptions of FHLB and FRB stock ProceedsFromSaleOfFederalHomeLoanBankStockAndFederalReserveBankStock $16.77M USD 1 Quarter
Redemptions of FHLB and FRB stock ProceedsFromSaleOfFederalHomeLoanBankStockAndFederalReserveBankStock $10.00K USD 1 Quarter
Purchase of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $324.59M USD 1 Quarter
Purchase of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $74.59M USD 1 Quarter
Purchase of FHLB and FRB stock PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock $22.39M USD 1 Quarter
Proceeds from sales of loans held for sale at lower of cost or fair value PaymentsForProceedsFromSalesOfLoansHeldForSaleAtLowerOfCostOrFairValue $-7.22M USD 1 Quarter
Net increase in loans, net of participations sold PaymentsForProceedsFromLoansAndLeases $316.17M USD 1 Quarter
Net increase in loans, net of participations sold PaymentsForProceedsFromLoansAndLeases $51.27M USD 1 Quarter
Purchase of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $568.00K USD 1 Quarter
Purchase of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.25M USD 1 Quarter
Proceeds from life insurance death benefit ProceedsFromLifeInsurancePolicies $582.00K USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-317.51M USD 1 Quarter
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-292.89M USD 1 Quarter
Net increase in deposits IncreaseDecreaseInDeposits $126.43M USD 1 Quarter
Net increase in deposits IncreaseDecreaseInDeposits $121.27M USD 1 Quarter
Net increase in overnight borrowings ProceedsFromShortTermDebt $122.08M USD 1 Quarter
Repayments of Paycheck Protection Program Liquidity Facility RepaymentsOfPaycheckProtectionProgramLiquidityFacility $8.91M USD 1 Quarter
Dividends paid on common stock PaymentsOfDividendsCommonStock $949.00K USD 1 Quarter
Dividends paid on common stock PaymentsOfDividendsCommonStock $920.00K USD 1 Quarter
Exercise of stock options, net of stock swaps ProceedsFromStockOptionsExercised $120.00K USD 1 Quarter
Exercise of stock options, net of stock swaps ProceedsFromStockOptionsExercised $10.00K USD 1 Quarter
Restricted stock repurchased on vesting to pay taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.50M USD 1 Quarter
Restricted stock repurchased on vesting to pay taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.00M USD 1 Quarter
Issuance of shares for employee stock purchase plan ProceedsFromStockPlans $218.00K USD 1 Quarter
Issuance of shares for employee stock purchase plan ProceedsFromStockPlans $255.00K USD 1 Quarter
Shares repurchased PaymentsForRepurchaseOfCommonStock $4.38M USD 1 Quarter
Shares repurchased PaymentsForRepurchaseOfCommonStock $11.17M USD 1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $229.13M USD 1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $110.42M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-176.78M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-32.84M USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $476.54M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $146.80M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $653.32M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $113.96M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $476.54M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $146.80M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $653.32M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $113.96M USD Point-in-time
Interest InterestPaidNet $4.41M USD 1 Quarter
Interest InterestPaidNet $3.10M USD 1 Quarter
Income tax, net IncomeTaxesPaidNet $200.00K USD 1 Quarter
Income tax, net IncomeTaxesPaidNet $199.00K USD 1 Quarter
Transfer of loans to loans held for sale TransferOfLoansHeldForSaleToPortfolioLoans1 $45.78M USD 1 Quarter
Security sales due from broker SecuritySalesDueFromBroker $120.25M USD 1 Quarter
Stockholders Equity 31 line items
Line Item Tag Value Unit Period
Shares outstanding CommonStockSharesOutstanding 18.39M shares Point-in-time
Shares outstanding CommonStockSharesOutstanding 18.37M shares Point-in-time
Common stock options exercised, shares StockIssuedDuringPeriodSharesStockOptionsExercised 9,260.00 shares 1 Quarter
Balance StockholdersEquity $523.43M USD Point-in-time
Balance StockholdersEquity $527.12M USD Point-in-time
Issuance of shares for Employee Stock Purchase Plan, shares StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans 6,808.00 shares 1 Quarter
Balance StockholdersEquity $546.39M USD Point-in-time
Issuance of shares for Employee Stock Purchase Plan, shares StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans 8,425.00 shares 1 Quarter
Balance StockholdersEquity $522.44M USD Point-in-time
Net income NetIncomeLoss $13.18M USD 1 Quarter
Net income NetIncomeLoss $13.44M USD 1 Quarter
Shares outstanding CommonStockSharesOutstanding 18.39M shares Point-in-time
Shares outstanding CommonStockSharesOutstanding 18.37M shares Point-in-time
Comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-12.37M USD 1 Quarter
Comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-28.56M USD 1 Quarter
Restricted stock units/awards repurchased on vesting to pay taxes RestrictedStockUnitsOrAwardsRepurchasedOnVestingToPayTaxesValue $2.00M USD 1 Quarter
Restricted stock units/awards repurchased on vesting to pay taxes RestrictedStockUnitsOrAwardsRepurchasedOnVestingToPayTaxesValue $2.50M USD 1 Quarter
Amortization of restricted stock awards/units AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition $1.61M USD 1 Quarter
Amortization of restricted stock awards/units AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition $2.48M USD 1 Quarter
Cash dividends declared on common stock DividendsCommonStockCash $920.00K USD 1 Quarter
Cash dividends declared on common stock DividendsCommonStockCash $949.00K USD 1 Quarter
Share repurchase TreasuryStockValueAcquiredCostMethod $4.38M USD 1 Quarter
Share repurchase TreasuryStockValueAcquiredCostMethod $11.17M USD 1 Quarter
Common stock options exercised StockIssuedDuringPeriodValueShareBasedCompensationGross $120.00K USD 1 Quarter
Common stock options exercised StockIssuedDuringPeriodValueShareBasedCompensationGross $10.00K USD 1 Quarter
Issuance of shares for Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $218.00K USD 1 Quarter
Issuance of shares for Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $255.00K USD 1 Quarter
Balance StockholdersEquity $523.43M USD Point-in-time
Balance StockholdersEquity $527.12M USD Point-in-time
Balance StockholdersEquity $546.39M USD Point-in-time
Balance StockholdersEquity $522.44M USD Point-in-time
Comprehensive Income 23 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $13.18M USD 1 Quarter
Net income NetIncomeLoss $13.44M USD 1 Quarter
Unrealized holding losses arising during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-46.80M USD 1 Quarter
Unrealized holding losses arising during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-17.62M USD 1 Quarter
Reclassification adjustment for amounts included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-6.61M USD 1 Quarter
Before tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-17.62M USD 1 Quarter
Before tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-40.19M USD 1 Quarter
Tax effect OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $-4.20M USD 1 Quarter
Tax effect OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $-9.62M USD 1 Quarter
Net of tax OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-13.41M USD 1 Quarter
Net of tax OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-30.57M USD 1 Quarter
Unrealized holding gains arising during the period OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $1.45M USD 1 Quarter
Unrealized holding gains arising during the period OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $2.80M USD 1 Quarter
Before tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent $2.80M USD 1 Quarter
Before tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent $1.45M USD 1 Quarter
Tax effect OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent $786.00K USD 1 Quarter
Tax effect OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent $407.00K USD 1 Quarter
Net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $1.04M USD 1 Quarter
Net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $2.01M USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-12.37M USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-28.56M USD 1 Quarter
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $-15.12M USD 1 Quarter
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $806.00K USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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