Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2025
In 2025, Peapack Private Bank & Trust of Bedminster, NJ reported 221 mortgage applications totaling $356.4 million, up 71% from 2024. The average application was for $1,612,692, and applicants reported an average income of $431,909. 88% of its applications resulted in an originated loan and 3% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (70), Newark, NJ-PA (67) and Lakewood-New Brunswick, NJ (37) (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 | 221 |
| Total Mortgage Loan Application Amount | $356,405,000 |
| Average Mortgage Loan Application Amount | $1,612,692 |
| Highest Mortgage Loan Application Amount | $35,005,000 |
| Average Applicant Income | $431,909 |
| Highest Applicant Income | $5,575,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 70 | $ 164,830,000 | $ 2,354,714 | $ 980,214 |
| Newark, NJ-PA | 67 | $ 95,035,000 | $ 1,418,432 | $ 198,000 |
| Lakewood-New Brunswick, NJ | 37 | $ 21,655,000 | $ 585,270 | $ 193,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 8 | $ 19,570,000 | $ 2,446,250 | $ 2,135,000 |
| Nassau County-Suffolk County, NY | 6 | $ 15,130,000 | $ 2,521,666 | $ 2,020,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 5 | $ 1,095,000 | $ 219,000 | $ 94,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 1,325,000 | $ 441,666 | $ 0 |
| Outside any metro area | 3 | $ 2,505,000 | $ 835,000 | $ 353,000 |
| Trenton, NJ | 3 | $ 1,445,000 | $ 481,666 | $ 360,000 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 2 | $ 970,000 | $ 485,000 | $ 171,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 3,630,000 | $ 1,815,000 | $ 1,932,000 |
| Pinehurst-Southern Pines, NC | 2 | $ 580,000 | $ 290,000 | $ 537,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 4,005,000 | $ 4,005,000 | $ 0 |
| Camden, NJ | 1 | $ 365,000 | $ 365,000 | $ 112,000 |
| Chicago-Naperville, IL | 1 | $ 395,000 | $ 395,000 | $ 195,000 |
| Columbia, SC | 1 | $ 585,000 | $ 585,000 | $ 156,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 2,005,000 | $ 2,005,000 | $ 1,077,000 |
| Lebanon, PA | 1 | $ 2,505,000 | $ 2,505,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 455,000 | $ 455,000 | $ 224,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 105,000 | $ 105,000 | $ 69,000 |
| Philadelphia, PA | 1 | $ 755,000 | $ 755,000 | $ 252,000 |
| Pittsburgh, PA | 1 | $ 5,105,000 | $ 5,105,000 | $ 0 |
| Sebastian-Vero Beach, FL | 1 | $ 3,005,000 | $ 3,005,000 | $ 2,798,000 |
| Syracuse, NY | 1 | $ 95,000 | $ 95,000 | $ 33,000 |
| Vineland-Bridgeton, NJ | 1 | $ 9,255,000 | $ 9,255,000 | $ 0 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2025
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 | 131 | $112,775,000 | $860,000 | $7,965,000 | $432,000 | $5,575,000 |
| Refinancing | 62 | $210,180,000 | $3,390,000 | $35,005,000 | $255,000 | $640,000 |
| Cash-out Refinancing | 19 | $28,625,000 | $1,506,000 | $8,305,000 | $1,116,000 | $5,314,000 |
| Other Purpose | 7 | $3,725,000 | $532,000 | $905,000 | $196,000 | $383,000 |
| Home Improvement | 1 | $1,005,000 | $1,005,000 | $1,005,000 | $0 | $0 |
| Not Applicable | 1 | $95,000 | $95,000 | $95,000 | $42,000 | $42,000 |
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 | 93 | $83,915,000 | $902,000 | $8,305,000 | $450,000 | $3,658,000 |
| Not applicable | 80 | $244,190,000 | $3,052,000 | $35,005,000 | $0 | $0 |
| Hispanic | 23 | $7,355,000 | $319,000 | $845,000 | $118,000 | $647,000 |
| Asian | 10 | $7,100,000 | $710,000 | $1,905,000 | $403,000 | $1,082,000 |
| Black or African American | 10 | $2,860,000 | $286,000 | $625,000 | $82,000 | $132,000 |
| Not Provided | 5 | $10,985,000 | $2,197,000 | $6,305,000 | $3,477,000 | $5,575,000 |
| 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) | 221 | $356,405,000 | $1,612,000 | $35,005,000 | $477,000 | $5,575,000 |
| 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 | 194 | $320,850,000 | $1,653,000 | $35,005,000 | $464,000 | $5,575,000 |
| Application Approved But Not Accepted | 8 | $7,070,000 | $883,000 | $3,005,000 | $661,000 | $2,798,000 |
| Application Withdrawn By Applicant | 8 | $10,090,000 | $1,261,000 | $5,005,000 | $257,000 | $647,000 |
| Application Denied By Financial Institution | 7 | $14,945,000 | $2,135,000 | $7,965,000 | $874,000 | $3,319,000 |
| File Closed For Incompleteness | 2 | $2,710,000 | $1,355,000 | $2,135,000 | $342,000 | $575,000 |
| Loan Purchased By The Institution | 2 | $740,000 | $370,000 | $645,000 | $195,000 | $348,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 221 | $356,405,000 | $1,612,000 | $35,005,000 | $477,000 | $5,575,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2025 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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