Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, Peapack Private Bank & Trust of Bedminster, NJ reported 993 mortgage applications totaling $684.0 million, down 4% from 2012. The average application was for $688,792, and applicants reported an average income of $181,397. 79% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Newark-Union, NJ-PA (478), Edison-New Brunswick, NJ (343) and New York-White Plains-Wayne, NY-NJ (112) (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 | 993 |
| Total Mortgage Loan Application Amount | $683,971,000 |
| Average Mortgage Loan Application Amount | $688,792 |
| Highest Mortgage Loan Application Amount | $13,000,000 |
| Average Applicant Income | $181,397 |
| Highest Applicant Income | $9,999,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 262 | $ 79,879,000 | $ 304,881 | $ 178,000 |
| Morris, New Jersey | 220 | $ 87,060,000 | $ 395,727 | $ 184,000 |
| Hunterdon, New Jersey | 127 | $ 38,822,000 | $ 305,685 | $ 188,000 |
| Union, New Jersey | 76 | $ 45,090,000 | $ 593,289 | $ 336,000 |
| Essex, New Jersey | 45 | $ 58,452,000 | $ 1,298,933 | $ 144,000 |
| Bronx, New York | 38 | $ 123,670,000 | $ 3,254,473 | $ 0 |
| Middlesex, New Jersey | 37 | $ 17,089,000 | $ 461,864 | $ 136,000 |
| Hudson, New Jersey | 32 | $ 39,688,000 | $ 1,240,250 | $ 65,000 |
| Monmouth, New Jersey | 29 | $ 28,087,000 | $ 968,517 | $ 271,000 |
| Warren, New Jersey | 18 | $ 13,704,000 | $ 761,333 | $ 68,000 |
| Ocean, New Jersey | 15 | $ 10,453,000 | $ 696,866 | $ 230,000 |
| New York, New York | 13 | $ 37,670,000 | $ 2,897,692 | $ 0 |
| Bergen, New Jersey | 12 | $ 4,409,000 | $ 367,416 | $ 269,000 |
| Mercer, New Jersey | 11 | $ 10,902,000 | $ 991,090 | $ 153,000 |
| Sussex, New Jersey | 10 | $ 1,715,000 | $ 171,500 | $ 187,000 |
| Passaic, New Jersey | 7 | $ 11,859,000 | $ 1,694,142 | $ 82,000 |
| Philadelphia, Pennsylvania | 5 | $ 13,900,000 | $ 2,780,000 | $ 0 |
| Kings, New York | 4 | $ 15,100,000 | $ 3,775,000 | $ 0 |
| Westchester, New York | 4 | $ 8,738,000 | $ 2,184,500 | $ 0 |
| Manatee, Florida | 3 | $ 444,000 | $ 148,000 | $ 339,000 |
| Martin, Florida | 2 | $ 724,000 | $ 362,000 | $ 471,000 |
| Palm Beach, Florida | 2 | $ 294,000 | $ 147,000 | $ 158,000 |
| Burlington, New Jersey | 2 | $ 662,000 | $ 331,000 | $ 245,000 |
| Camden, New Jersey | 2 | $ 13,475,000 | $ 6,737,500 | $ 0 |
| Queens, New York | 2 | $ 4,378,000 | $ 2,189,000 | $ 0 |
| Bucks, Pennsylvania | 2 | $ 5,900,000 | $ 2,950,000 | $ 0 |
| Montgomery, Pennsylvania | 2 | $ 4,151,000 | $ 2,075,500 | $ 87,000 |
| Broward, Florida | 1 | $ 296,000 | $ 296,000 | $ 284,000 |
| Miami-Dade, Florida | 1 | $ 1,000,000 | $ 1,000,000 | $ 3,121,000 |
| Nassau, Florida | 1 | $ 396,000 | $ 396,000 | $ 199,000 |
| St. Johns, Florida | 1 | $ 575,000 | $ 575,000 | $ 250,000 |
| Atlantic, New Jersey | 1 | $ 1,000,000 | $ 1,000,000 | $ 2,537,000 |
| Cape May, New Jersey | 1 | $ 375,000 | $ 375,000 | $ 315,000 |
| Cumberland, New Jersey | 1 | $ 128,000 | $ 128,000 | $ 71,000 |
| Gloucester, New Jersey | 1 | $ 283,000 | $ 283,000 | $ 175,000 |
| Berks, Pennsylvania | 1 | $ 1,163,000 | $ 1,163,000 | $ 0 |
| Delaware, Pennsylvania | 1 | $ 2,300,000 | $ 2,300,000 | $ 0 |
| Northampton, Pennsylvania | 1 | $ 140,000 | $ 140,000 | $ 500,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2013
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 | 571 | $458,188,000 | $802,000 | $9,750,000 | $206,000 | $9,999,000 |
| Home Purchase | 298 | $159,455,000 | $535,000 | $8,625,000 | $139,000 | $3,121,000 |
| Home Improvement | 124 | $66,328,000 | $534,000 | $13,000,000 | $170,000 | $1,083,000 |
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 | 601 | $183,392,000 | $305,000 | $3,000,000 | $196,000 | $3,121,000 |
| Not Provided | 187 | $69,132,000 | $369,000 | $4,500,000 | $277,000 | $9,999,000 |
| Not applicable | 131 | $411,618,000 | $3,142,000 | $13,000,000 | $0 | $0 |
| Asian | 36 | $12,374,000 | $343,000 | $750,000 | $209,000 | $958,000 |
| Black or African American | 20 | $3,924,000 | $196,000 | $750,000 | $93,000 | $794,000 |
| Hispanic | 17 | $3,405,000 | $200,000 | $360,000 | $92,000 | $205,000 |
| American Indian or Alaskan Native | 1 | $126,000 | $126,000 | $126,000 | $52,000 | $52,000 |
| 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) | 992 | $683,673,000 | $689,000 | $13,000,000 | $182,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 1 | $298,000 | $298,000 | $298,000 | $100,000 | $100,000 |
| 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 | 786 | $582,090,000 | $740,000 | $13,000,000 | $177,000 | $9,999,000 |
| Application Denied By Financial Institution | 91 | $38,920,000 | $427,000 | $4,900,000 | $158,000 | $882,000 |
| Application Withdrawn By Applicant | 63 | $30,892,000 | $490,000 | $3,250,000 | $202,000 | $2,389,000 |
| File Closed For Incompleteness | 31 | $13,292,000 | $428,000 | $1,200,000 | $275,000 | $1,083,000 |
| Application Approved But Not Accepted | 22 | $18,777,000 | $853,000 | $4,500,000 | $266,000 | $2,537,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2013 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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