Peapack-Gladstone Bank

500 Hills Drive Suite 300
Bedminster, NJ 07921

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 11035
Date Established 1921
Assets $4.66 billion
Loans $3.86 billion
Deposits $3.93 billion
Capital $0.55 billion

Peapack-Gladstone Bank is an FDIC insured institution located in Bedminster, NJ. It was founded in 1921 and has approximately $4.66 billion in assets. Customers can open an account at one of its 23 branches.

For a more detailed analysis of Peapack-Gladstone Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $1 $9,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.30% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.40% $5,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $500 - Learn MoreShow Less
6 Mo CD
0.10% $500 - Learn MoreShow Less
Special: 11 Mo CD
2.40% $500 - Learn MoreShow Less
12 Mo CD
1.00% $500 - Learn MoreShow Less
18 Mo CD
1.15% $500 - Learn MoreShow Less
Special: 19 Mo CD
2.15% $500 - Learn MoreShow Less
24 Mo CD
1.30% $500 - Learn MoreShow Less
Special: 26 Mo CD
2.15% $500 - Learn MoreShow Less
36 Mo CD
1.36% $500 - Learn MoreShow Less
Special: 37 Mo CD
2.15% $500 - Learn MoreShow Less
48 Mo CD
1.61% $500 - Learn MoreShow Less
60 Mo CD
1.86% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $250 - Learn MoreShow Less
Special: 11 Mo FIRA
2.40% $500 - Learn MoreShow Less
Special: 19 Mo FIRA
2.15% $500 - Learn MoreShow Less
Special: 26 Mo FIRA
2.15% $500 - Learn MoreShow Less
Special: 37 Mo FIRA
2.15% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.40% $1 $3,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $5,000 $19,999 Learn MoreShow Less

Loan Rates - August 24, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Peapack-Gladstone Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Peapack-Gladstone Bank Locations


Financial Details

Peapack-Gladstone Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Peapack-Gladstone Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Peapack-Gladstone Bank U.S. Bank Average
4.23% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Peapack-Gladstone Bank had $24,892,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $549,971,000 in equity and $38,653,000 in loans loss reserves. That gives it a Texas Ratio of 4.23%.

Return on Equity
Peapack-Gladstone Bank U.S. Bank Average
9.33% 9.47%

Peapack-Gladstone Bank has a Return on Equity of 9.33% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Peapack-Gladstone Bank U.S. Bank Average
11.81% 12.49%

Peapack-Gladstone Bank has a Capitalization of 11.81% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Peapack-Gladstone Bank Balance Sheet Analysis

As of March 31, 2019, Peapack-Gladstone Bank had assets of $4,658,411,000, loans of $3,862,694,000, and deposits of $3,931,525,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.24 billion
Interest-bearing balances $0.24 billion
Total securities $0.39 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $3.86 billion
Loan loss allowance $0.04 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.03 billion
All other assets $0.10 billion
     Total Assets $4.11 billion
LIABILITIES
Total deposits $3.93 billion
      Interest-bearing deposits $3.44 billion
      Deposits held in domestic offices $3.93 billion
      % insured (estimated) 78.93%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.12 billion
Subordinated debt $0.00 billion
All other liabilities $0.06 billion
      Total Liabilities $4.11 billion
      Shareholders’ Equity $0.55 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.04 billion
Total Interest Expense $0.01 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.02 billion

Bank Loan Profile?

The top three loan types in Peapack-Gladstone Bank’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and 1-4 Family Residential Loans.

Compared to other banks in New Jersey, Peapack-Gladstone Bank has a significantly higher percent of Multifamily Mortgages, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 17.20
Multifamily
Mortgages
28.59
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.60
Construction and Development Loans 0.07
Commercial Real Estate 32.56
Commercial and Industrial Loans 16.02
Farm Loans 0.00

Frequently Asked Questions About Peapack-gladstone Bank

Branches and Savings

Is Peapack-gladstone Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11035.

Why does Peapack-gladstone Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Peapack-gladstone Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Peapack-gladstone Bank a commercial bank?

Yes

Where are Peapack-gladstone Bank locations?

See branch locations nearby.

Is Peapack-gladstone Bank open on Saturdays?

Is Peapack-gladstone Bank open on Sundays?

What time does Peapack-gladstone Bank open?

What time does Peapack-gladstone Bank close?

Are Peapack-gladstone Bank ATMs Open 24/7?

Do Peapack-gladstone Bank ATMs accept cash deposits?

Can Peapack-gladstone Bank customers use other ATMs?

Do Peapack-gladstone Bank branches have notaries?

Will Peapack-gladstone Bank notarize my document?

What address for Peapack-gladstone Bank should I put for incoming ACH transfers?

Will the Peapack-gladstone Bank branch print checks?

Do Peapack-gladstone Bank checks expire?

Does Peapack-gladstone Bank require US citizenship to open account?

Can Peapack-gladstone Bank close my account?

Does Peapack-gladstone Bank Report to credit bureaus?

Does Peapack-gladstone Bank Use Equifax?

What is Peapack-gladstone Bank's ACH Routing Number?

What is Peapack-gladstone Bank's SWIFT code?

Products

Does Peapack-gladstone Bank offer mortgages?

Compare mortgage rates here.

Does Peapack-gladstone Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Peapack-gladstone Bank offer personal loans?

Compare personal loan rates here.

Does Peapack-gladstone Bank offer student loans?

Will Peapack-gladstone Bank cash a check?

Will Peapack-gladstone Bank redeem a savings bond?

Does Peapack-gladstone Bank cash savings bonds?

Will Peapack-gladstone Bank cash money orders?

Can Peapack-gladstone Bank issue a money order?

Does Peapack-gladstone Bank do currency exchange?

Background on The Bank

Who owns Peapack-gladstone Bank?

How long has Peapack-gladstone Bank been around?

Can Peapack-gladstone Bank transfer to other banks?

Does Peapack-gladstone Bank have quick pay?

Does Peapack-gladstone Bank accept rolled coins?

Will Peapack-gladstone Bank accept loose change?

Where is Peapack-gladstone Bank headquarters?

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