Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Peapack Private Bank & Trust of Bedminster, NJ reported 650 mortgage applications totaling $402.2 million, up 24% from 2015. The average application was for $618,738, and applicants reported an average income of $224,267. 80% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Newark, NJ-PA (447), New York-Jersey City-White Plains, NY-NJ (133) and Trenton, NJ (14) (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 | 650 |
| Total Mortgage Loan Application Amount | $402,180,000 |
| Average Mortgage Loan Application Amount | $618,738 |
| Highest Mortgage Loan Application Amount | $13,250,000 |
| Average Applicant Income | $224,267 |
| Highest Applicant Income | $6,491,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 170 | $ 42,817,000 | $ 251,864 | $ 147,000 |
| Morris, New Jersey | 109 | $ 39,014,000 | $ 357,926 | $ 170,000 |
| Hunterdon, New Jersey | 57 | $ 17,153,000 | $ 300,929 | $ 187,000 |
| Union, New Jersey | 54 | $ 23,219,000 | $ 429,981 | $ 155,000 |
| Essex, New Jersey | 53 | $ 25,613,000 | $ 483,264 | $ 121,000 |
| Middlesex, New Jersey | 31 | $ 17,024,000 | $ 549,161 | $ 160,000 |
| Monmouth, New Jersey | 25 | $ 10,453,000 | $ 418,120 | $ 265,000 |
| Ocean, New Jersey | 22 | $ 10,826,000 | $ 492,090 | $ 610,000 |
| Hudson, New Jersey | 16 | $ 17,378,000 | $ 1,086,125 | $ 124,000 |
| Mercer, New Jersey | 14 | $ 3,089,000 | $ 220,642 | $ 73,000 |
| Bergen, New Jersey | 12 | $ 5,215,000 | $ 434,583 | $ 223,000 |
| New York, New York | 12 | $ 47,153,000 | $ 3,929,416 | $ 1,088,000 |
| Palm Beach, Florida | 8 | $ 6,938,000 | $ 867,250 | $ 239,000 |
| Philadelphia, Pennsylvania | 7 | $ 20,669,000 | $ 2,952,714 | $ 20,000 |
| Bronx, New York | 5 | $ 25,450,000 | $ 5,090,000 | $ 0 |
| Kings, New York | 5 | $ 8,724,000 | $ 1,744,800 | $ 928,000 |
| Suffolk, New York | 5 | $ 15,600,000 | $ 3,120,000 | $ 1,093,000 |
| Bucks, Pennsylvania | 5 | $ 16,602,000 | $ 3,320,400 | $ 112,000 |
| Warren, New Jersey | 4 | $ 913,000 | $ 228,250 | $ 135,000 |
| Fairfield, Connecticut | 2 | $ 9,050,000 | $ 4,525,000 | $ 2,360,000 |
| Miami-Dade, Florida | 2 | $ 1,220,000 | $ 610,000 | $ 1,723,000 |
| Burlington, New Jersey | 2 | $ 457,000 | $ 228,500 | $ 64,000 |
| Cape May, New Jersey | 2 | $ 3,596,000 | $ 1,798,000 | $ 333,000 |
| Passaic, New Jersey | 2 | $ 1,547,000 | $ 773,500 | $ 237,000 |
| Sussex, New Jersey | 2 | $ 616,000 | $ 308,000 | $ 333,000 |
| Pike, Pennsylvania | 2 | $ 370,000 | $ 185,000 | $ 125,000 |
| Sussex, Delaware | 1 | $ 125,000 | $ 125,000 | $ 157,000 |
| District of Columbia, District Of Columbia | 1 | $ 692,000 | $ 692,000 | $ 459,000 |
| Charlotte, Florida | 1 | $ 625,000 | $ 625,000 | $ 381,000 |
| Collier, Florida | 1 | $ 652,000 | $ 652,000 | $ 2,226,000 |
| Hillsborough, Florida | 1 | $ 160,000 | $ 160,000 | $ 73,000 |
| Lee, Florida | 1 | $ 283,000 | $ 283,000 | $ 102,000 |
| Orleans, Louisiana | 1 | $ 760,000 | $ 760,000 | $ 1,692,000 |
| Cumberland, Maine | 1 | $ 400,000 | $ 400,000 | $ 97,000 |
| Bristol, Massachusetts | 1 | $ 13,000,000 | $ 13,000,000 | $ 0 |
| Dukes, Massachusetts | 1 | $ 3,500,000 | $ 3,500,000 | $ 1,467,000 |
| Columbia, New York | 1 | $ 400,000 | $ 400,000 | $ 804,000 |
| Dutchess, New York | 1 | $ 148,000 | $ 148,000 | $ 34,000 |
| Queens, New York | 1 | $ 1,000,000 | $ 1,000,000 | $ 442,000 |
| Rockland, New York | 1 | $ 500,000 | $ 500,000 | $ 0 |
| Warren, New York | 1 | $ 210,000 | $ 210,000 | $ 122,000 |
| Westchester, New York | 1 | $ 5,625,000 | $ 5,625,000 | $ 0 |
| Delaware, Pennsylvania | 1 | $ 156,000 | $ 156,000 | $ 192,000 |
| Lehigh, Pennsylvania | 1 | $ 1,100,000 | $ 1,100,000 | $ 0 |
| Monroe, Pennsylvania | 1 | $ 168,000 | $ 168,000 | $ 439,000 |
| Montgomery, Pennsylvania | 1 | $ 1,400,000 | $ 1,400,000 | $ 757,000 |
| Beaufort, South Carolina | 1 | $ 430,000 | $ 430,000 | $ 0 |
| Horry, South Carolina | 1 | $ 140,000 | $ 140,000 | $ 0 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2016
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 | 294 | $179,686,000 | $611,000 | $13,250,000 | $201,000 | $3,350,000 |
| Refinancing | 284 | $192,077,000 | $676,000 | $13,000,000 | $254,000 | $6,491,000 |
| Home Improvement | 72 | $30,417,000 | $422,000 | $6,000,000 | $202,000 | $2,187,000 |
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 | 469 | $204,690,000 | $436,000 | $6,600,000 | $247,000 | $6,491,000 |
| Not applicable | 43 | $132,170,000 | $3,073,000 | $13,250,000 | $0 | $0 |
| Not Provided | 40 | $30,247,000 | $756,000 | $5,250,000 | $390,000 | $3,350,000 |
| Hispanic | 40 | $11,716,000 | $292,000 | $1,350,000 | $126,000 | $909,000 |
| Asian | 38 | $15,325,000 | $403,000 | $4,500,000 | $149,000 | $1,300,000 |
| Black or African American | 16 | $6,832,000 | $427,000 | $3,500,000 | $183,000 | $1,467,000 |
| American Indian or Alaskan Native | 4 | $1,200,000 | $300,000 | $417,000 | $106,000 | $131,000 |
| Native Hawaiin 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) | 650 | $402,180,000 | $618,000 | $13,250,000 | $224,000 | $6,491,000 |
| 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 | 520 | $322,663,000 | $620,000 | $13,250,000 | $201,000 | $6,491,000 |
| Application Withdrawn By Applicant | 43 | $22,642,000 | $526,000 | $6,500,000 | $238,000 | $1,900,000 |
| Application Denied By Financial Institution | 38 | $14,915,000 | $392,000 | $4,000,000 | $157,000 | $903,000 |
| File Closed For Incompleteness | 29 | $20,272,000 | $699,000 | $3,800,000 | $431,000 | $2,729,000 |
| Application Approved But Not Accepted | 20 | $21,688,000 | $1,084,000 | $5,590,000 | $631,000 | $3,350,000 |
| 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 2016 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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