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Peapack-Gladstone Financial PGC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Peapack-Gladstone Financial in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The source filing: Peapack-Gladstone Financial’s 10-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 11:46 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001193125-26-339645
| Line item | June 30, 2026 | Dec 31, 2025 |
|---|---|---|
| Premises and equipment | 40,830 | 39,164 |
| Other real estate owned | 908 | — |
| Accrued interest receivable | 34,060 | 31,971 |
| Bank owned life insurance | 48,071 | 47,761 |
| Goodwill | 36,212 | 36,212 |
| Other intangible assets | 7,140 | 7,627 |
| Finance lease right-of-use assets | 774 | 844 |
| Operating lease right-of-use assets | 38,098 | 39,886 |
Item 1. Financial Statements
FAQ
- What is Peapack-Gladstone Financial's bank owned life insurance?
- Peapack-Gladstone Financial (PGC) reported bank owned life insurance of $48.07M in Q2 2026.
- How has Peapack-Gladstone Financial's bank owned life insurance changed year-over-year?
- Peapack-Gladstone Financial's bank owned life insurance decreased by 0.3% year-over-year, from $48.24M to $48.07M.
- What is the long-term trend for Peapack-Gladstone Financial's bank owned life insurance?
- Over 5 years (2020 to 2025), Peapack-Gladstone Financial's bank owned life insurance has grown at a 0.4% compound annual growth rate (CAGR), from $46.81M to $47.76M.
- What does bank owned life insurance mean?
- This refers to the cash surrender value of life insurance policies held by the bank on the lives of its employees or executives. These policies are typically used as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. It represents a stable, non-interest income-generating asset that contributes to the bank's long-term financial health.
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