Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Peapack Private Bank & Trust of Bedminster, NJ reported 601 mortgage applications totaling $196.1 million, down 5% from 2009. The average application was for $326,266, and applicants reported an average income of $177,733. 75% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Newark-Union, NJ-PA (320), Edison-New Brunswick, NJ (235) and Allentown-Bethlehem-Easton, PA-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 | 601 |
| Total Mortgage Loan Application Amount | $196,086,000 |
| Average Mortgage Loan Application Amount | $326,266 |
| Highest Mortgage Loan Application Amount | $7,000,000 |
| Average Applicant Income | $177,733 |
| Highest Applicant Income | $2,149,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 201 | $ 58,201,000 | $ 289,557 | $ 184,000 |
| Morris, New Jersey | 156 | $ 55,499,000 | $ 355,762 | $ 208,000 |
| Hunterdon, New Jersey | 112 | $ 31,397,000 | $ 280,330 | $ 137,000 |
| Union, New Jersey | 33 | $ 12,509,000 | $ 379,060 | $ 191,000 |
| Middlesex, New Jersey | 17 | $ 4,055,000 | $ 238,529 | $ 109,000 |
| Essex, New Jersey | 15 | $ 5,762,000 | $ 384,133 | $ 190,000 |
| Warren, New Jersey | 13 | $ 2,393,000 | $ 184,076 | $ 90,000 |
| Monmouth, New Jersey | 11 | $ 11,354,000 | $ 1,032,181 | $ 217,000 |
| Bergen, New Jersey | 8 | $ 2,959,000 | $ 369,875 | $ 152,000 |
| Mercer, New Jersey | 6 | $ 1,748,000 | $ 291,333 | $ 166,000 |
| Ocean, New Jersey | 6 | $ 3,555,000 | $ 592,500 | $ 418,000 |
| Hudson, New Jersey | 4 | $ 1,850,000 | $ 462,500 | $ 40,000 |
| Cape May, New Jersey | 3 | $ 1,287,000 | $ 429,000 | $ 170,000 |
| Sussex, New Jersey | 3 | $ 582,000 | $ 194,000 | $ 111,000 |
| Northampton, Pennsylvania | 3 | $ 872,000 | $ 290,666 | $ 111,000 |
| Passaic, New Jersey | 2 | $ 523,000 | $ 261,500 | $ 137,000 |
| Broward, Florida | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Sarasota, Florida | 1 | $ 144,000 | $ 144,000 | $ 48,000 |
| St. Lucie, Florida | 1 | $ 58,000 | $ 58,000 | $ 75,000 |
| Gloucester, New Jersey | 1 | $ 92,000 | $ 92,000 | $ 49,000 |
| Bucks, Pennsylvania | 1 | $ 750,000 | $ 750,000 | $ 452,000 |
| Lehigh, Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 49,000 |
| Monroe, Pennsylvania | 1 | $ 121,000 | $ 121,000 | $ 252,000 |
| Pike, Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 113,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2010
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 | 392 | $142,178,000 | $362,000 | $7,000,000 | $191,000 | $2,149,000 |
| Home Purchase | 130 | $36,864,000 | $283,000 | $3,450,000 | $140,000 | $1,718,000 |
| Home Improvement | 79 | $17,044,000 | $215,000 | $2,040,000 | $174,000 | $1,418,000 |
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 | 418 | $120,895,000 | $289,000 | $2,417,000 | $176,000 | $2,149,000 |
| Not Provided | 132 | $45,751,000 | $346,000 | $2,175,000 | $199,000 | $1,212,000 |
| Asian | 23 | $6,692,000 | $290,000 | $648,000 | $188,000 | $1,591,000 |
| Hispanic | 12 | $2,798,000 | $233,000 | $580,000 | $146,000 | $562,000 |
| Black or African American | 10 | $1,840,000 | $184,000 | $220,000 | $76,000 | $147,000 |
| Not applicable | 6 | $18,110,000 | $3,018,000 | $7,000,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 592 | $194,212,000 | $328,000 | $7,000,000 | $179,000 | $2,149,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,874,000 | $208,000 | $275,000 | $61,000 | $99,000 |
| 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 | 452 | $152,606,000 | $337,000 | $7,000,000 | $186,000 | $2,149,000 |
| Application Withdrawn By Applicant | 61 | $21,316,000 | $349,000 | $2,175,000 | $191,000 | $1,400,000 |
| Application Denied By Financial Institution | 51 | $12,616,000 | $247,000 | $725,000 | $124,000 | $603,000 |
| Application Approved But Not Accepted | 25 | $7,515,000 | $300,000 | $910,000 | $149,000 | $361,000 |
| Loan Purchased By The Institution | 11 | $2,020,000 | $183,000 | $275,000 | $68,000 | $147,000 |
| File Closed For Incompleteness | 1 | $13,000 | $13,000 | $13,000 | $85,000 | $85,000 |
| 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 2010 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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