Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Peapack Private Bank & Trust of Bedminster, NJ reported 521 mortgage applications totaling $691.5 million, down 35% from 2021. The average application was for $1,327,226, and applicants reported an average income of $201,557. 86% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Newark, NJ-PA (211), New York-Newark, NY (139) and New York-Jersey City-White Plains, NY-NJ (91) (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 | 521 |
| Total Mortgage Loan Application Amount | $691,485,000 |
| Average Mortgage Loan Application Amount | $1,327,226 |
| Highest Mortgage Loan Application Amount | $30,505,000 |
| Average Applicant Income | $201,557 |
| Highest Applicant Income | $1,902,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 86 | $ 32,270,000 | $ 375,232 | $ 144,000 |
| Essex, New Jersey | 70 | $ 99,590,000 | $ 1,422,714 | $ 144,000 |
| Morris, New Jersey | 57 | $ 28,425,000 | $ 498,684 | $ 228,000 |
| Union, New Jersey | 45 | $ 50,915,000 | $ 1,131,444 | $ 176,000 |
| Hunterdon, New Jersey | 33 | $ 11,305,000 | $ 342,575 | $ 144,000 |
| Bronx, New York | 24 | $ 126,510,000 | $ 5,271,250 | $ 0 |
| Middlesex, New Jersey | 23 | $ 9,315,000 | $ 405,000 | $ 94,000 |
| Hudson, New Jersey | 20 | $ 15,020,000 | $ 751,000 | $ 354,000 |
| Monmouth, New Jersey | 18 | $ 8,960,000 | $ 497,777 | $ 215,000 |
| Kings, New York | 15 | $ 87,625,000 | $ 5,841,666 | $ 0 |
| Ocean, New Jersey | 12 | $ 11,990,000 | $ 999,166 | $ 233,000 |
| New York, New York | 12 | $ 67,160,000 | $ 5,596,666 | $ 1,256,000 |
| Bergen, New Jersey | 9 | $ 34,765,000 | $ 3,862,777 | $ 246,000 |
| Sarasota, Florida | 8 | $ 1,780,000 | $ 222,500 | $ 137,000 |
| Warren, New Jersey | 7 | $ 1,585,000 | $ 226,428 | $ 147,000 |
| Westchester, New York | 7 | $ 32,085,000 | $ 4,583,571 | $ 290,000 |
| Sussex, New Jersey | 5 | $ 865,000 | $ 173,000 | $ 63,000 |
| Palm Beach, Florida | 4 | $ 2,350,000 | $ 587,500 | $ 413,000 |
| Broward, Florida | 3 | $ 885,000 | $ 295,000 | $ 0 |
| Camden, New Jersey | 3 | $ 685,000 | $ 228,333 | $ 77,000 |
| Passaic, New Jersey | 3 | $ 1,495,000 | $ 498,333 | $ 162,000 |
| Monroe, New York | 3 | $ 525,000 | $ 175,000 | $ 400,000 |
| Philadelphia, Pennsylvania | 3 | $ 41,465,000 | $ 13,821,666 | $ 0 |
| Fairfield, Connecticut | 2 | $ 680,000 | $ 340,000 | $ 135,000 |
| Manatee, Florida | 2 | $ 710,000 | $ 355,000 | $ 157,000 |
| Miami-Dade, Florida | 2 | $ 920,000 | $ 460,000 | $ 348,000 |
| Plymouth, Massachusetts | 2 | $ 1,160,000 | $ 580,000 | $ 137,000 |
| Burlington, New Jersey | 2 | $ 690,000 | $ 345,000 | $ 162,000 |
| Mercer, New Jersey | 2 | $ 550,000 | $ 275,000 | $ 0 |
| Suffolk, New York | 2 | $ 2,500,000 | $ 1,250,000 | $ 1,183,000 |
| Monroe, Pennsylvania | 2 | $ 400,000 | $ 200,000 | $ 0 |
| Shelby, Tennessee | 2 | $ 110,000 | $ 55,000 | $ 0 |
| Cullman, Alabama | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Pinal, Arizona | 1 | $ 325,000 | $ 325,000 | $ 326,000 |
| Boulder, Colorado | 1 | $ 965,000 | $ 965,000 | $ 320,000 |
| Middlesex, Connecticut | 1 | $ 305,000 | $ 305,000 | $ 279,000 |
| New Haven, Connecticut | 1 | $ 505,000 | $ 505,000 | $ 734,000 |
| District of Columbia, District Of Columbia | 1 | $ 1,205,000 | $ 1,205,000 | $ 386,000 |
| Collier, Florida | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Duval, Florida | 1 | $ 235,000 | $ 235,000 | $ 328,000 |
| Hernando, Florida | 1 | $ 105,000 | $ 105,000 | $ 37,000 |
| Hillsborough, Florida | 1 | $ 125,000 | $ 125,000 | $ 237,000 |
| Pasco, Florida | 1 | $ 275,000 | $ 275,000 | $ 354,000 |
| Pinellas, Florida | 1 | $ 335,000 | $ 335,000 | $ 134,000 |
| Sumter, Florida | 1 | $ 295,000 | $ 295,000 | $ 142,000 |
| Essex, Massachusetts | 1 | $ 215,000 | $ 215,000 | $ 76,000 |
| Harrison, Mississippi | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Cape May, New Jersey | 1 | $ 1,105,000 | $ 1,105,000 | $ 516,000 |
| Queens, New York | 1 | $ 2,005,000 | $ 2,005,000 | $ 0 |
| Saratoga, New York | 1 | $ 205,000 | $ 205,000 | $ 156,000 |
| Warren, New York | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Allegheny, Pennsylvania | 1 | $ 345,000 | $ 345,000 | $ 276,000 |
| Bucks, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 150,000 |
| Dauphin, Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 118,000 |
| Delaware, Pennsylvania | 1 | $ 2,005,000 | $ 2,005,000 | $ 0 |
| Northampton, Pennsylvania | 1 | $ 45,000 | $ 45,000 | $ 150,000 |
| Pike, Pennsylvania | 1 | $ 205,000 | $ 205,000 | $ 66,000 |
| Wayne, Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 66,000 |
| Beaufort, South Carolina | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Berkeley, South Carolina | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Davidson, Tennessee | 1 | $ 1,605,000 | $ 1,605,000 | $ 551,000 |
| Roane, Tennessee | 1 | $ 135,000 | $ 135,000 | $ 152,000 |
| Rutland, Vermont | 1 | $ 305,000 | $ 305,000 | $ 2,000 |
| Hanover, Virginia | 1 | $ 345,000 | $ 345,000 | $ 166,000 |
| Teton, Wyoming | 1 | $ 655,000 | $ 655,000 | $ 0 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2022
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 | 266 | $175,120,000 | $658,000 | $28,355,000 | $161,000 | $1,902,000 |
| Refinancing | 104 | $451,460,000 | $4,340,000 | $30,505,000 | $229,000 | $796,000 |
| Cash-out Refinancing | 102 | $48,790,000 | $478,000 | $3,975,000 | $275,000 | $1,902,000 |
| Home Improvement | 26 | $10,440,000 | $401,000 | $4,005,000 | $258,000 | $1,724,000 |
| Other Purpose | 22 | $5,540,000 | $251,000 | $2,305,000 | $155,000 | $412,000 |
| Not Applicable | 1 | $135,000 | $135,000 | $135,000 | $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 | 246 | $88,780,000 | $360,000 | $2,305,000 | $212,000 | $1,724,000 |
| Not applicable | 140 | $542,050,000 | $3,871,000 | $30,505,000 | $0 | $0 |
| Hispanic | 72 | $27,370,000 | $380,000 | $2,405,000 | $121,000 | $1,405,000 |
| Asian | 25 | $14,185,000 | $567,000 | $3,975,000 | $210,000 | $766,000 |
| Not Provided | 21 | $9,115,000 | $434,000 | $995,000 | $167,000 | $350,000 |
| Black or African American | 13 | $3,415,000 | $262,000 | $595,000 | $78,000 | $163,000 |
| 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) | 521 | $691,485,000 | $1,327,000 | $30,505,000 | $196,000 | $1,902,000 |
| 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 | 448 | $652,490,000 | $1,456,000 | $30,505,000 | $195,000 | $1,902,000 |
| Application Withdrawn By Applicant | 32 | $10,050,000 | $314,000 | $1,195,000 | $135,000 | $572,000 |
| Application Denied By Financial Institution | 22 | $7,190,000 | $326,000 | $2,005,000 | $185,000 | $1,500,000 |
| Application Approved But Not Accepted | 11 | $9,325,000 | $847,000 | $4,875,000 | $446,000 | $1,518,000 |
| File Closed For Incompleteness | 6 | $11,170,000 | $1,861,000 | $8,205,000 | $191,000 | $478,000 |
| Loan Purchased By The Institution | 2 | $1,260,000 | $630,000 | $1,125,000 | $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 | 499 | $684,295,000 | $1,371,000 | $30,505,000 | $197,000 | $1,902,000 |
| Debt-To-Income Ratio | 13 | $5,965,000 | $458,000 | $2,005,000 | $225,000 | $1,500,000 |
| Collateral | 4 | $350,000 | $87,000 | $235,000 | $93,000 | $154,000 |
| Credit History | 3 | $355,000 | $118,000 | $275,000 | $217,000 | $320,000 |
| Other | 1 | $495,000 | $495,000 | $495,000 | $66,000 | $66,000 |
| Employment History | 1 | $25,000 | $25,000 | $25,000 | $130,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2022 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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