Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, Peapack Private Bank & Trust of Bedminster, NJ reported 845 mortgage applications totaling $506.1 million, up 62% from 2019. The average application was for $598,881, and applicants reported an average income of $225,065. 84% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Newark, NJ-PA (371), New York-Newark, NY (282) and New York-Jersey City-White Plains, NY-NJ (67) (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 | 845 |
| Total Mortgage Loan Application Amount | $506,055,000 |
| Average Mortgage Loan Application Amount | $598,881 |
| Highest Mortgage Loan Application Amount | $23,405,000 |
| Average Applicant Income | $225,065 |
| Highest Applicant Income | $9,414,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 142 | $ 46,330,000 | $ 326,267 | $ 149,000 |
| Union, New Jersey | 110 | $ 39,320,000 | $ 357,454 | $ 158,000 |
| Morris, New Jersey | 99 | $ 44,685,000 | $ 451,363 | $ 317,000 |
| Essex, New Jersey | 92 | $ 44,860,000 | $ 487,608 | $ 232,000 |
| Middlesex, New Jersey | 63 | $ 17,615,000 | $ 279,603 | $ 120,000 |
| Hunterdon, New Jersey | 62 | $ 16,990,000 | $ 274,032 | $ 127,000 |
| Monmouth, New Jersey | 48 | $ 20,210,000 | $ 421,041 | $ 254,000 |
| Ocean, New Jersey | 28 | $ 21,890,000 | $ 781,785 | $ 240,000 |
| Hudson, New Jersey | 18 | $ 7,280,000 | $ 404,444 | $ 184,000 |
| Bergen, New Jersey | 13 | $ 12,485,000 | $ 960,384 | $ 163,000 |
| Philadelphia, Pennsylvania | 12 | $ 33,300,000 | $ 2,775,000 | $ 151,000 |
| Mercer, New Jersey | 11 | $ 3,285,000 | $ 298,636 | $ 179,000 |
| Bronx, New York | 11 | $ 41,775,000 | $ 3,797,727 | $ 0 |
| Warren, New Jersey | 10 | $ 10,720,000 | $ 1,072,000 | $ 127,000 |
| Sussex, New Jersey | 8 | $ 2,150,000 | $ 268,750 | $ 236,000 |
| Broward, Florida | 6 | $ 9,740,000 | $ 1,623,333 | $ 4,259,000 |
| Cape May, New Jersey | 6 | $ 4,780,000 | $ 796,666 | $ 178,000 |
| Passaic, New Jersey | 6 | $ 1,630,000 | $ 271,666 | $ 122,000 |
| Kings, New York | 5 | $ 7,115,000 | $ 1,423,000 | $ 555,000 |
| New York, New York | 5 | $ 24,475,000 | $ 4,895,000 | $ 1,488,000 |
| Bucks, Pennsylvania | 5 | $ 1,435,000 | $ 287,000 | $ 188,000 |
| Flagler, Florida | 4 | $ 750,000 | $ 187,500 | $ 140,000 |
| Westchester, New York | 4 | $ 12,920,000 | $ 3,230,000 | $ 240,000 |
| District of Columbia, District Of Columbia | 3 | $ 2,365,000 | $ 788,333 | $ 510,000 |
| Collier, Florida | 3 | $ 1,605,000 | $ 535,000 | $ 200,000 |
| Sarasota, Florida | 3 | $ 1,105,000 | $ 368,333 | $ 320,000 |
| Burlington, New Jersey | 3 | $ 7,635,000 | $ 2,545,000 | $ 104,000 |
| Suffolk, New York | 3 | $ 7,035,000 | $ 2,345,000 | $ 1,629,000 |
| Montgomery, Pennsylvania | 3 | $ 2,075,000 | $ 691,666 | $ 192,000 |
| Maricopa, Arizona | 2 | $ 540,000 | $ 270,000 | $ 319,000 |
| Sussex, Delaware | 2 | $ 540,000 | $ 270,000 | $ 57,000 |
| Hillsborough, Florida | 2 | $ 310,000 | $ 155,000 | $ 66,000 |
| Palm Beach, Florida | 2 | $ 420,000 | $ 210,000 | $ 268,000 |
| Middlesex, Massachusetts | 2 | $ 1,220,000 | $ 610,000 | $ 902,000 |
| Atlantic, New Jersey | 2 | $ 1,400,000 | $ 700,000 | $ 143,000 |
| Monroe, New York | 2 | $ 90,000 | $ 45,000 | $ 0 |
| Richmond, New York | 2 | $ 890,000 | $ 445,000 | $ 437,000 |
| Rockland, New York | 2 | $ 1,520,000 | $ 760,000 | $ 343,000 |
| Wake, North Carolina | 2 | $ 320,000 | $ 160,000 | $ 48,000 |
| Lackawanna, Pennsylvania | 2 | $ 3,300,000 | $ 1,650,000 | $ 289,000 |
| Monroe, Pennsylvania | 2 | $ 700,000 | $ 350,000 | $ 200,000 |
| Beaufort, South Carolina | 2 | $ 320,000 | $ 160,000 | $ 0 |
| Fairfax, Virginia | 2 | $ 700,000 | $ 350,000 | $ 173,000 |
| Yavapai, Arizona | 1 | $ 415,000 | $ 415,000 | $ 151,000 |
| Los Angeles, California | 1 | $ 525,000 | $ 525,000 | $ 100,000 |
| Marin, California | 1 | $ 1,445,000 | $ 1,445,000 | $ 307,000 |
| Fairfield, Connecticut | 1 | $ 755,000 | $ 755,000 | $ 0 |
| New Haven, Connecticut | 1 | $ 115,000 | $ 115,000 | $ 0 |
| New Castle, Delaware | 1 | $ 215,000 | $ 215,000 | $ 552,000 |
| Charlotte, Florida | 1 | $ 335,000 | $ 335,000 | $ 86,000 |
| Lee, Florida | 1 | $ 245,000 | $ 245,000 | $ 345,000 |
| Orange, Florida | 1 | $ 205,000 | $ 205,000 | $ 286,000 |
| Cook, Illinois | 1 | $ 705,000 | $ 705,000 | $ 0 |
| Orleans, Louisiana | 1 | $ 935,000 | $ 935,000 | $ 0 |
| Montgomery, Maryland | 1 | $ 795,000 | $ 795,000 | $ 124,000 |
| Barnstable, Massachusetts | 1 | $ 485,000 | $ 485,000 | $ 225,000 |
| Dukes, Massachusetts | 1 | $ 1,155,000 | $ 1,155,000 | $ 0 |
| Harrison, Mississippi | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Camden, New Jersey | 1 | $ 215,000 | $ 215,000 | $ 44,000 |
| Gloucester, New Jersey | 1 | $ 315,000 | $ 315,000 | $ 264,000 |
| Nassau, New York | 1 | $ 1,005,000 | $ 1,005,000 | $ 305,000 |
| Orange, New York | 1 | $ 485,000 | $ 485,000 | $ 114,000 |
| Queens, New York | 1 | $ 765,000 | $ 765,000 | $ 607,000 |
| Allegheny, Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 154,000 |
| Chester, Pennsylvania | 1 | $ 515,000 | $ 515,000 | $ 150,000 |
| Delaware, Pennsylvania | 1 | $ 315,000 | $ 315,000 | $ 306,000 |
| Lehigh, Pennsylvania | 1 | $ 245,000 | $ 245,000 | $ 107,000 |
| Luzerne, Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 170,000 |
| Lycoming, Pennsylvania | 1 | $ 8,965,000 | $ 8,965,000 | $ 0 |
| York, Pennsylvania | 1 | $ 23,405,000 | $ 23,405,000 | $ 0 |
| Charleston, South Carolina | 1 | $ 395,000 | $ 395,000 | $ 340,000 |
| Dorchester, South Carolina | 1 | $ 155,000 | $ 155,000 | $ 99,000 |
| Richland, South Carolina | 1 | $ 405,000 | $ 405,000 | $ 92,000 |
| Windham, Vermont | 1 | $ 205,000 | $ 205,000 | $ 145,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2020
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 | 377 | $292,995,000 | $777,000 | $13,005,000 | $290,000 | $9,414,000 |
| Home Purchase | 290 | $141,780,000 | $488,000 | $23,405,000 | $146,000 | $686,000 |
| Cash-out Refinancing | 160 | $67,360,000 | $421,000 | $4,505,000 | $217,000 | $4,200,000 |
| Home Improvement | 10 | $3,340,000 | $334,000 | $1,505,000 | $295,000 | $765,000 |
| Other Purpose | 8 | $580,000 | $72,000 | $195,000 | $105,000 | $275,000 |
| 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 | 568 | $217,870,000 | $383,000 | $5,005,000 | $228,000 | $5,135,000 |
| Not applicable | 92 | $221,280,000 | $2,405,000 | $23,405,000 | $0 | $0 |
| Not Provided | 67 | $22,945,000 | $342,000 | $1,305,000 | $202,000 | $805,000 |
| Hispanic | 44 | $13,280,000 | $301,000 | $585,000 | $93,000 | $375,000 |
| Asian | 37 | $20,885,000 | $564,000 | $5,805,000 | $470,000 | $9,414,000 |
| Black or African American | 33 | $8,595,000 | $260,000 | $585,000 | $93,000 | $403,000 |
| American Indian or Alaskan Native | 2 | $840,000 | $420,000 | $425,000 | $202,000 | $247,000 |
| 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) | 843 | $505,195,000 | $599,000 | $23,405,000 | $224,000 | $9,414,000 |
| FHA-insured (Federal Housing Administration) | 2 | $860,000 | $430,000 | $485,000 | $116,000 | $116,000 |
| 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 | 711 | $403,775,000 | $567,000 | $23,405,000 | $215,000 | $9,414,000 |
| Application Withdrawn By Applicant | 61 | $48,705,000 | $798,000 | $10,705,000 | $150,000 | $603,000 |
| Application Denied By Financial Institution | 37 | $28,065,000 | $758,000 | $7,205,000 | $369,000 | $5,135,000 |
| Application Approved But Not Accepted | 21 | $20,225,000 | $963,000 | $12,355,000 | $314,000 | $2,267,000 |
| File Closed For Incompleteness | 15 | $5,285,000 | $352,000 | $655,000 | $430,000 | $3,385,000 |
| 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 | 808 | $477,990,000 | $591,000 | $23,405,000 | $217,000 | $9,414,000 |
| Collateral | 16 | $9,300,000 | $581,000 | $3,755,000 | $543,000 | $5,135,000 |
| Debt-To-Income Ratio | 9 | $5,575,000 | $619,000 | $2,225,000 | $96,000 | $144,000 |
| Other | 7 | $10,225,000 | $1,460,000 | $7,205,000 | $344,000 | $780,000 |
| Credit History | 3 | $1,805,000 | $601,000 | $1,005,000 | $156,000 | $305,000 |
| Unverifiable Information | 2 | $1,160,000 | $580,000 | $695,000 | $256,000 | $256,000 |
| 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 2020 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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