Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Peapack Private Bank & Trust of Bedminster, NJ reported 630 mortgage applications totaling $196.5 million, up 71% from 2008. The average application was for $311,863, and applicants reported an average income of $207,519. 78% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Newark-Union, NJ-PA (339), Edison-New Brunswick, NJ (243) and New York-White Plains-Wayne, NY-NJ (17) (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 | 630 |
| Total Mortgage Loan Application Amount | $196,474,000 |
| Average Mortgage Loan Application Amount | $311,863 |
| Highest Mortgage Loan Application Amount | $6,000,000 |
| Average Applicant Income | $207,519 |
| Highest Applicant Income | $6,030,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 202 | $ 59,169,000 | $ 292,915 | $ 193,000 |
| Morris, New Jersey | 173 | $ 56,459,000 | $ 326,352 | $ 198,000 |
| Hunterdon, New Jersey | 97 | $ 28,087,000 | $ 289,556 | $ 212,000 |
| Union, New Jersey | 44 | $ 15,973,000 | $ 363,022 | $ 201,000 |
| Middlesex, New Jersey | 25 | $ 4,707,000 | $ 188,280 | $ 94,000 |
| Essex, New Jersey | 20 | $ 8,036,000 | $ 401,800 | $ 318,000 |
| Warren, New Jersey | 11 | $ 2,908,000 | $ 264,363 | $ 104,000 |
| Monmouth, New Jersey | 9 | $ 3,133,000 | $ 348,111 | $ 323,000 |
| Ocean, New Jersey | 7 | $ 2,399,000 | $ 342,714 | $ 226,000 |
| Passaic, New Jersey | 7 | $ 1,525,000 | $ 217,857 | $ 174,000 |
| Hudson, New Jersey | 6 | $ 2,045,000 | $ 340,833 | $ 154,000 |
| Sussex, New Jersey | 5 | $ 735,000 | $ 147,000 | $ 121,000 |
| Bergen, New Jersey | 4 | $ 3,527,000 | $ 881,750 | $ 293,000 |
| Cape May, New Jersey | 4 | $ 1,701,000 | $ 425,250 | $ 303,000 |
| Mercer, New Jersey | 4 | $ 1,219,000 | $ 304,750 | $ 203,000 |
| Collier, Florida | 2 | $ 2,250,000 | $ 1,125,000 | $ 2,763,000 |
| Palm Beach, Florida | 2 | $ 451,000 | $ 225,500 | $ 340,000 |
| Bucks, Pennsylvania | 2 | $ 1,040,000 | $ 520,000 | $ 425,000 |
| Northampton, Pennsylvania | 2 | $ 339,000 | $ 169,500 | $ 112,000 |
| Nassau, Florida | 1 | $ 308,000 | $ 308,000 | $ 254,000 |
| Burlington, New Jersey | 1 | $ 218,000 | $ 218,000 | $ 266,000 |
| Gloucester, New Jersey | 1 | $ 120,000 | $ 120,000 | $ 60,000 |
| Wayne, Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 98,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 417 | $128,628,000 | $308,000 | $1,970,000 | $203,000 | $2,541,000 |
| Home Purchase | 132 | $43,990,000 | $333,000 | $6,000,000 | $181,000 | $3,008,000 |
| Home Improvement | 81 | $23,856,000 | $294,000 | $2,300,000 | $274,000 | $6,030,000 |
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 |
|---|---|---|---|---|---|---|
| White | 429 | $131,813,000 | $307,000 | $6,000,000 | $220,000 | $6,030,000 |
| Not Provided | 145 | $49,556,000 | $341,000 | $2,000,000 | $205,000 | $1,900,000 |
| Asian | 20 | $5,369,000 | $268,000 | $790,000 | $171,000 | $515,000 |
| Hispanic | 19 | $5,159,000 | $271,000 | $1,280,000 | $114,000 | $500,000 |
| Black or African American | 12 | $2,882,000 | $240,000 | $799,000 | $87,000 | $200,000 |
| Not applicable | 3 | $1,404,000 | $468,000 | $750,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $105,000 | $105,000 | $105,000 | $39,000 | $39,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $186,000 | $186,000 | $186,000 | $75,000 | $75,000 |
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) | 616 | $193,601,000 | $314,000 | $6,000,000 | $211,000 | $6,030,000 |
| FHA-insured (Federal Housing Administration) | 14 | $2,873,000 | $205,000 | $294,000 | $65,000 | $115,000 |
| 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 | 494 | $144,550,000 | $292,000 | $2,000,000 | $217,000 | $6,030,000 |
| Application Denied By Financial Institution | 45 | $15,869,000 | $352,000 | $2,300,000 | $150,000 | $515,000 |
| Application Approved But Not Accepted | 37 | $13,961,000 | $377,000 | $1,500,000 | $224,000 | $2,541,000 |
| Application Withdrawn By Applicant | 29 | $17,641,000 | $608,000 | $6,000,000 | $240,000 | $1,860,000 |
| Loan Purchased By The Institution | 22 | $3,624,000 | $164,000 | $294,000 | $60,000 | $115,000 |
| File Closed For Incompleteness | 3 | $829,000 | $276,000 | $360,000 | $83,000 | $107,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2009 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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