Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Peapack Private Bank & Trust of Bedminster, NJ reported 432 mortgage applications totaling $261.6 million, down 18% from 2017. The average application was for $605,439, and applicants reported an average income of $165,187. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Newark, NJ-PA (302), New York-Jersey City-White Plains, NY-NJ (79) and Philadelphia, PA (8) (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 | 432 |
| Total Mortgage Loan Application Amount | $261,550,000 |
| Average Mortgage Loan Application Amount | $605,439 |
| Highest Mortgage Loan Application Amount | $30,225,000 |
| Average Applicant Income | $165,187 |
| Highest Applicant Income | $6,575,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 91 | $ 17,915,000 | $ 196,868 | $ 107,000 |
| Morris, New Jersey | 82 | $ 27,830,000 | $ 339,390 | $ 127,000 |
| Union, New Jersey | 50 | $ 31,100,000 | $ 622,000 | $ 109,000 |
| Hunterdon, New Jersey | 42 | $ 9,350,000 | $ 222,619 | $ 179,000 |
| Essex, New Jersey | 31 | $ 10,205,000 | $ 329,193 | $ 116,000 |
| Middlesex, New Jersey | 30 | $ 21,040,000 | $ 701,333 | $ 72,000 |
| Hudson, New Jersey | 18 | $ 14,680,000 | $ 815,555 | $ 150,000 |
| Mercer, New Jersey | 8 | $ 2,470,000 | $ 308,750 | $ 166,000 |
| Monmouth, New Jersey | 8 | $ 4,920,000 | $ 615,000 | $ 296,000 |
| Ocean, New Jersey | 8 | $ 3,660,000 | $ 457,500 | $ 370,000 |
| Philadelphia, Pennsylvania | 7 | $ 45,105,000 | $ 6,443,571 | $ 0 |
| Sussex, New Jersey | 6 | $ 1,050,000 | $ 175,000 | $ 93,000 |
| Bergen, New Jersey | 4 | $ 1,990,000 | $ 497,500 | $ 243,000 |
| New York, New York | 4 | $ 5,370,000 | $ 1,342,500 | $ 723,000 |
| Bucks, Pennsylvania | 4 | $ 1,430,000 | $ 357,500 | $ 115,000 |
| Broward, Florida | 3 | $ 7,655,000 | $ 2,551,666 | $ 4,421,000 |
| Fairfield, Connecticut | 2 | $ 1,810,000 | $ 905,000 | $ 370,000 |
| Burlington, New Jersey | 2 | $ 500,000 | $ 250,000 | $ 71,000 |
| Cape May, New Jersey | 2 | $ 1,820,000 | $ 910,000 | $ 736,000 |
| Passaic, New Jersey | 2 | $ 280,000 | $ 140,000 | $ 189,000 |
| Warren, New Jersey | 2 | $ 290,000 | $ 145,000 | $ 43,000 |
| Westchester, New York | 2 | $ 7,160,000 | $ 3,580,000 | $ 0 |
| Windham, Vermont | 2 | $ 350,000 | $ 175,000 | $ 168,000 |
| Boulder, Colorado | 1 | $ 625,000 | $ 625,000 | $ 0 |
| San Miguel, Colorado | 1 | $ 2,175,000 | $ 2,175,000 | $ 0 |
| Middlesex, Connecticut | 1 | $ 295,000 | $ 295,000 | $ 267,000 |
| New Castle, Delaware | 1 | $ 30,225,000 | $ 30,225,000 | $ 0 |
| District of Columbia, District Of Columbia | 1 | $ 455,000 | $ 455,000 | $ 375,000 |
| Lee, Florida | 1 | $ 1,005,000 | $ 1,005,000 | $ 0 |
| Manatee, Florida | 1 | $ 405,000 | $ 405,000 | $ 212,000 |
| Miami-Dade, Florida | 1 | $ 605,000 | $ 605,000 | $ 142,000 |
| Orange, Florida | 1 | $ 175,000 | $ 175,000 | $ 63,000 |
| Volusia, Florida | 1 | $ 205,000 | $ 205,000 | $ 74,000 |
| Montgomery, Maryland | 1 | $ 545,000 | $ 545,000 | $ 123,000 |
| Nantucket, Massachusetts | 1 | $ 755,000 | $ 755,000 | $ 585,000 |
| Suffolk, Massachusetts | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Washoe, Nevada | 1 | $ 605,000 | $ 605,000 | $ 0 |
| Atlantic, New Jersey | 1 | $ 155,000 | $ 155,000 | $ 132,000 |
| Bronx, New York | 1 | $ 525,000 | $ 525,000 | $ 94,000 |
| Kings, New York | 1 | $ 905,000 | $ 905,000 | $ 980,000 |
| Richmond, New York | 1 | $ 1,175,000 | $ 1,175,000 | $ 619,000 |
| Suffolk, New York | 1 | $ 1,605,000 | $ 1,605,000 | $ 622,000 |
| Henderson, North Carolina | 1 | $ 315,000 | $ 315,000 | $ 549,000 |
| Delaware, Pennsylvania | 1 | $ 295,000 | $ 295,000 | $ 144,000 |
| Monroe, Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 66,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2018
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 | 257 | $101,175,000 | $393,000 | $13,325,000 | $147,000 | $6,575,000 |
| Refinancing | 54 | $108,840,000 | $2,015,000 | $30,225,000 | $188,000 | $811,000 |
| Cash-out Refinancing | 52 | $23,280,000 | $447,000 | $1,605,000 | $243,000 | $775,000 |
| Other Purpose | 45 | $16,245,000 | $361,000 | $2,175,000 | $146,000 | $525,000 |
| Home Improvement | 24 | $12,010,000 | $500,000 | $5,005,000 | $176,000 | $600,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 274 | $82,280,000 | $300,000 | $1,605,000 | $169,000 | $2,267,000 |
| Not applicable | 47 | $148,605,000 | $3,161,000 | $30,225,000 | $0 | $0 |
| Hispanic | 40 | $10,600,000 | $265,000 | $605,000 | $77,000 | $186,000 |
| Not Provided | 27 | $5,425,000 | $200,000 | $805,000 | $96,000 | $320,000 |
| Black or African American | 22 | $4,340,000 | $197,000 | $425,000 | $83,000 | $219,000 |
| Asian | 18 | $9,700,000 | $538,000 | $6,005,000 | $472,000 | $6,575,000 |
| 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) | 432 | $261,550,000 | $605,000 | $30,225,000 | $165,000 | $6,575,000 |
| 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 | 342 | $204,760,000 | $598,000 | $30,225,000 | $172,000 | $6,575,000 |
| Application Withdrawn By Applicant | 31 | $38,445,000 | $1,240,000 | $14,005,000 | $118,000 | $294,000 |
| Application Denied By Financial Institution | 26 | $6,970,000 | $268,000 | $2,205,000 | $113,000 | $404,000 |
| File Closed For Incompleteness | 17 | $6,675,000 | $392,000 | $1,205,000 | $219,000 | $629,000 |
| Application Approved But Not Accepted | 16 | $4,700,000 | $293,000 | $755,000 | $138,000 | $723,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 406 | $254,580,000 | $627,000 | $30,225,000 | $168,000 | $6,575,000 |
| Collateral | 9 | $3,435,000 | $381,000 | $2,205,000 | $161,000 | $404,000 |
| Credit History | 8 | $1,750,000 | $218,000 | $765,000 | $88,000 | $183,000 |
| Debt-To-Income Ratio | 8 | $1,670,000 | $208,000 | $485,000 | $100,000 | $274,000 |
| Other | 1 | $115,000 | $115,000 | $115,000 | $25,000 | $25,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2018 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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