Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Peapack Private Bank & Trust of Bedminster, NJ reported 527 mortgage applications totaling $351.7 million, down 19% from 2016. The average application was for $667,271, and applicants reported an average income of $268,223. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Newark, NJ-PA (341), New York-Jersey City-White Plains, NY-NJ (117) and Philadelphia, PA (10) (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 | $351,652,000 |
| Average Mortgage Loan Application Amount | $667,271 |
| Highest Mortgage Loan Application Amount | $15,300,000 |
| Average Applicant Income | $268,223 |
| 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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 112 | $ 29,642,000 | $ 264,660 | $ 146,000 |
| Morris, New Jersey | 85 | $ 27,442,000 | $ 322,847 | $ 193,000 |
| Hunterdon, New Jersey | 50 | $ 12,185,000 | $ 243,700 | $ 122,000 |
| Union, New Jersey | 50 | $ 17,840,000 | $ 356,800 | $ 185,000 |
| Essex, New Jersey | 38 | $ 37,520,000 | $ 987,368 | $ 247,000 |
| Middlesex, New Jersey | 17 | $ 3,983,000 | $ 234,294 | $ 94,000 |
| Hudson, New Jersey | 16 | $ 20,575,000 | $ 1,285,937 | $ 225,000 |
| New York, New York | 16 | $ 41,949,000 | $ 2,621,812 | $ 950,000 |
| Monmouth, New Jersey | 15 | $ 17,100,000 | $ 1,140,000 | $ 266,000 |
| Ocean, New Jersey | 15 | $ 4,973,000 | $ 331,533 | $ 217,000 |
| Bergen, New Jersey | 13 | $ 6,695,000 | $ 515,000 | $ 224,000 |
| Kings, New York | 12 | $ 20,405,000 | $ 1,700,416 | $ 647,000 |
| Philadelphia, Pennsylvania | 10 | $ 27,143,000 | $ 2,714,300 | $ 29,000 |
| Mercer, New Jersey | 9 | $ 2,264,000 | $ 251,555 | $ 176,000 |
| Sussex, New Jersey | 6 | $ 1,339,000 | $ 223,166 | $ 122,000 |
| Passaic, New Jersey | 5 | $ 1,206,000 | $ 241,200 | $ 104,000 |
| Warren, New Jersey | 4 | $ 548,000 | $ 137,000 | $ 77,000 |
| Dutchess, New York | 4 | $ 16,288,000 | $ 4,072,000 | $ 185,000 |
| Suffolk, New York | 4 | $ 7,262,000 | $ 1,815,500 | $ 893,000 |
| Westchester, New York | 4 | $ 8,845,000 | $ 2,211,250 | $ 215,000 |
| Cape May, New Jersey | 3 | $ 2,064,000 | $ 688,000 | $ 559,000 |
| Fairfield, Connecticut | 2 | $ 3,500,000 | $ 1,750,000 | $ 1,995,000 |
| New Haven, Connecticut | 2 | $ 193,000 | $ 96,500 | $ 79,000 |
| New London, Connecticut | 2 | $ 16,500,000 | $ 8,250,000 | $ 0 |
| Orange, Florida | 2 | $ 299,000 | $ 149,500 | $ 234,000 |
| Gloucester, New Jersey | 2 | $ 1,121,000 | $ 560,500 | $ 807,000 |
| Santa Fe, New Mexico | 2 | $ 2,870,000 | $ 1,435,000 | $ 9,999,000 |
| Nassau, New York | 2 | $ 2,840,000 | $ 1,420,000 | $ 1,729,000 |
| Rockland, New York | 2 | $ 684,000 | $ 342,000 | $ 129,000 |
| District of Columbia, District Of Columbia | 1 | $ 959,000 | $ 959,000 | $ 355,000 |
| Broward, Florida | 1 | $ 169,000 | $ 169,000 | $ 60,000 |
| Flagler, Florida | 1 | $ 145,000 | $ 145,000 | $ 127,000 |
| Indian River, Florida | 1 | $ 50,000 | $ 50,000 | $ 39,000 |
| Miami-Dade, Florida | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Osceola, Florida | 1 | $ 121,000 | $ 121,000 | $ 125,000 |
| Palm Beach, Florida | 1 | $ 626,000 | $ 626,000 | $ 546,000 |
| Dukes, Massachusetts | 1 | $ 3,500,000 | $ 3,500,000 | $ 0 |
| Atlantic, New Jersey | 1 | $ 1,250,000 | $ 1,250,000 | $ 0 |
| Burlington, New Jersey | 1 | $ 3,045,000 | $ 3,045,000 | $ 0 |
| Camden, New Jersey | 1 | $ 1,750,000 | $ 1,750,000 | $ 1,643,000 |
| Bronx, New York | 1 | $ 560,000 | $ 560,000 | $ 230,000 |
| Queens, New York | 1 | $ 380,000 | $ 380,000 | $ 275,000 |
| Currituck, North Carolina | 1 | $ 728,000 | $ 728,000 | $ 369,000 |
| Moore, North Carolina | 1 | $ 300,000 | $ 300,000 | $ 120,000 |
| Bucks, Pennsylvania | 1 | $ 385,000 | $ 385,000 | $ 89,000 |
| Lancaster, Pennsylvania | 1 | $ 88,000 | $ 88,000 | $ 135,000 |
| Lehigh, Pennsylvania | 1 | $ 137,000 | $ 137,000 | $ 133,000 |
| Monroe, Pennsylvania | 1 | $ 150,000 | $ 150,000 | $ 492,000 |
| Northampton, Pennsylvania | 1 | $ 230,000 | $ 230,000 | $ 155,000 |
| Beaufort, South Carolina | 1 | $ 163,000 | $ 163,000 | $ 208,000 |
| Charleston, South Carolina | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Nelson, Virginia | 1 | $ 266,000 | $ 266,000 | $ 148,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2017
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 | 299 | $188,730,000 | $631,000 | $15,300,000 | $242,000 | $9,999,000 |
| Refinancing | 188 | $150,962,000 | $802,000 | $11,000,000 | $327,000 | $9,999,000 |
| Home Improvement | 40 | $11,960,000 | $299,000 | $3,300,000 | $188,000 | $1,866,000 |
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 | 353 | $173,175,000 | $490,000 | $5,400,000 | $308,000 | $9,999,000 |
| Hispanic | 55 | $14,585,000 | $265,000 | $735,000 | $106,000 | $478,000 |
| Not Provided | 43 | $16,209,000 | $376,000 | $1,710,000 | $360,000 | $2,161,000 |
| Asian | 37 | $23,796,000 | $643,000 | $4,000,000 | $220,000 | $1,817,000 |
| Not applicable | 26 | $112,879,000 | $4,341,000 | $15,300,000 | $0 | $0 |
| Black or African American | 13 | $11,008,000 | $846,000 | $5,438,000 | $223,000 | $2,065,000 |
| 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 | $351,652,000 | $667,000 | $15,300,000 | $268,000 | $9,999,000 |
| 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 | 427 | $283,113,000 | $663,000 | $15,300,000 | $240,000 | $9,999,000 |
| Application Withdrawn By Applicant | 27 | $18,504,000 | $685,000 | $5,438,000 | $322,000 | $2,065,000 |
| Application Denied By Financial Institution | 25 | $13,842,000 | $553,000 | $3,500,000 | $283,000 | $2,106,000 |
| Application Approved But Not Accepted | 24 | $12,458,000 | $519,000 | $2,610,000 | $388,000 | $1,885,000 |
| File Closed For Incompleteness | 24 | $23,735,000 | $988,000 | $5,000,000 | $567,000 | $4,508,000 |
| 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 2017 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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