Institution Statistics
| Peapack-Gladstone Bank | | FDIC Certificate # | 11035 | | BankRate Report | View | | Year Established | 1921 | | Employees | 291 | | Primary Regulator | FED |
Assets and Liabilities | | Assets | $1.58 billion | | Loans | $1.07 billion | | Deposits | $1.41 billion | | Equity Capital | $108.97 million | | Loan Loss Allowance | $13.50 million | | Unbacked Noncurrent Loans | $18.60 million | | Real Estate Owned | $3.39 million |
Historic Data - March 2011 | | Assets | $1.52 billion | | Equity Capital | $108.44 million | | Loan Loss Allowance | $14.39 million | | Unbacked Noncurrent Loans | $19.50 million | | Real Estate Owned | $3.00 million |
Profit Margin - Quarterly | | Net Interest Margin | 3.49% | | Return on Assets | 0.78% | | Return on Equity | 10.87% | | Interest Income | $14.20 million |
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Institution Health
Overall Score:
3 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Peapack-Gladstone Bank had $21.99 million in non-current loans and owned real-estate with $122.46 million in equity and loan loss allowances on hand to cover it. This gives Peapack-Gladstone Bank a Texas Ratio of 17.96% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Peapack-Gladstone Bank held steady from 18.32% as of March 31, 2011 to 17.96% as of March 31, 2012, resulting in a positive change of 1.97%.This indicates that the balance sheet and financial strength for Peapack-Gladstone Bank has held steady in recent periods. | | Deposit Growth |  | | In the past year, Peapack-Gladstone Bank has increased its total deposits by $47.57 million, resulting in 3.48% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Peapack-Gladstone Bank has shown is above average. | | Capitalization |  | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Peapack-Gladstone Bank has $1.58 billion in assets with $122.46 million in equity, resulting in a capitalization level of 7.76%, which is below average. |
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Average User Rating:
Peapack Gladstone Bank Attorney Trust Account
My company banks with the above mentioned bank. They put $116.00 into my Trust Account that was not mine. I found this mistake and brought it to their attention. They said they mistakenly put some other persons money in my Attorney Trust Account. This is scary and they are quite indignant when you question them about their mistakes. They clearly run their bank under the philosophy that he who has the bigger stick wins. Quite a foolish attitude to take when they are operating in such a small Community. They also favor certain people when it comes to assessing or not assessing fees. If you are an average middle class american working to make ends meet this is not the bank for you they only favor the wealthy.