Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Peapack Private Bank & Trust of Bedminster, NJ reported 527 mortgage applications totaling $147.7 million, up 27% from 2003. The average application was for $280,254, and applicants reported an average income of $119,977. 47% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Newark-Union, NJ-PA (302), Edison, NJ (165) and Camden, NJ (1) (applications in parentheses).
| Mortgage Company & Address | Peapack Private Bank & Trust 500 Hills Drive Bedminster, NJ 07921 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 527 |
| Total Mortgage Loan Application Amount | $147,694,000 |
| Average Mortgage Loan Application Amount | $280,254 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $119,977 |
| Highest Applicant Income | $2,943,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Somerset, New Jersey | 150 | $ 40,982,000 | $ 273,213 | $ 120,000 |
| Morris, New Jersey | 127 | $ 32,047,000 | $ 252,338 | $ 122,000 |
| Hunterdon, New Jersey | 91 | $ 22,480,000 | $ 247,032 | $ 130,000 |
| Essex, New Jersey | 43 | $ 16,960,000 | $ 394,418 | $ 110,000 |
| Union, New Jersey | 31 | $ 9,315,000 | $ 300,483 | $ 115,000 |
| Warren, New Jersey | 23 | $ 5,043,000 | $ 219,260 | $ 85,000 |
| Bergen, New Jersey | 17 | $ 7,204,000 | $ 423,764 | $ 166,000 |
| Passaic, New Jersey | 14 | $ 4,171,000 | $ 297,928 | $ 71,000 |
| Middlesex, New Jersey | 10 | $ 2,866,000 | $ 286,600 | $ 98,000 |
| Sussex, New Jersey | 10 | $ 1,516,000 | $ 151,600 | $ 122,000 |
| Monmouth, New Jersey | 4 | $ 3,597,000 | $ 899,250 | $ 285,000 |
| Hudson, New Jersey | 2 | $ 684,000 | $ 342,000 | $ 148,000 |
| Burlington, New Jersey | 1 | $ 174,000 | $ 174,000 | $ 47,000 |
| Mercer, New Jersey | 1 | $ 350,000 | $ 350,000 | $ 146,000 |
| Ocean, New Jersey | 1 | $ 125,000 | $ 125,000 | $ 107,000 |
| Monroe, Pennsylvania | 1 | $ 5,000 | $ 5,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 308 | $100,638,000 | $251,000 | $3,000,000 | $94,500 | $1,425,000 |
| Refinancing | 137 | $39,087,000 | $285,000 | $1,120,000 | $124,000 | $2,943,000 |
| Home Improvement | 82 | $7,969,000 | $51,500 | $600,000 | $91,500 | $520,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 245 | $79,609,000 | $324,000 | $1,120,000 | $80,000 | $425,000 |
| White | 211 | $44,406,000 | $130,333 | $1,380,000 | $84,666 | $2,943,000 |
| Not Provided | 58 | $18,125,000 | $312,000 | $3,000,000 | $174,000 | $878,000 |
| Asian | 6 | $3,223,000 | $537,000 | $850,000 | $203,000 | $370,000 |
| Hispanic | 6 | $1,981,000 | $330,000 | $728,000 | $71,000 | $185,000 |
| Black or African American | 1 | $350,000 | $350,000 | $350,000 | $146,000 | $146,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 527 | $147,694,000 | $153,333 | $3,000,000 | $84,333 | $2,943,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 248 | $60,963,000 | $125,500 | $3,000,000 | $94,500 | $2,943,000 |
| Loan Purchased By The Institution | 231 | $75,466,000 | $326,000 | $1,000,000 | $103,000 | $425,000 |
| Application Approved But Not Accepted | 19 | $4,814,000 | $253,000 | $600,000 | $163,000 | $775,000 |
| Application Denied By Financial Institution | 16 | $3,878,000 | $242,000 | $820,000 | $92,000 | $383,000 |
| Application Withdrawn By Applicant | 9 | $2,178,000 | $242,000 | $475,000 | $100,000 | $203,000 |
| File Closed For Incompleteness | 3 | $220,000 | $73,000 | $120,000 | $102,000 | $210,000 |
| Preapproval Approved but not Accepted | 1 | $175,000 | $175,000 | $175,000 | $71,000 | $71,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Peapack Private Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
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