Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2011
In 2011, Peapack Private Bank & Trust of Bedminster, NJ reported 831 mortgage applications totaling $320.5 million, up 38% from 2010. The average application was for $385,647, and applicants reported an average income of $189,594. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Newark-Union, NJ-PA (436), Edison-New Brunswick, NJ (300) and New York-White Plains-Wayne, NY-NJ (45) (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 | 831 |
| Total Mortgage Loan Application Amount | $320,473,000 |
| Average Mortgage Loan Application Amount | $385,647 |
| Highest Mortgage Loan Application Amount | $7,600,000 |
| Average Applicant Income | $189,594 |
| Highest Applicant Income | $5,781,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Newark-Union, NJ-PA | 436 | $ 154,768,000 | $ 354,972 | $ 195,000 |
| Edison-New Brunswick, NJ | 300 | $ 98,351,000 | $ 327,836 | $ 190,000 |
| New York-White Plains-Wayne, NY-NJ | 45 | $ 46,606,000 | $ 1,035,688 | $ 145,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 23 | $ 3,563,000 | $ 154,913 | $ 109,478 |
| Philadelphia, PA | 8 | $ 2,686,000 | $ 335,750 | $ 258,000 |
| Camden, NJ | 5 | $ 2,366,000 | $ 473,200 | $ 156,000 |
| Ocean City, NJ | 4 | $ 1,783,000 | $ 445,750 | $ 368,000 |
| Trenton-Ewing, NJ | 4 | $ 4,728,000 | $ 1,182,000 | $ 157,000 |
| Naples-Marco Island, FL | 2 | $ 1,075,000 | $ 537,500 | $ 333,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 3,700,000 | $ 3,700,000 | $ 0 |
| Jacksonville, FL | 1 | $ 370,000 | $ 370,000 | $ 196,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 225,000 | $ 225,000 | $ 185,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 252,000 | $ 252,000 | $ 403,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2011
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 | 563 | $228,693,000 | $406,000 | $7,600,000 | $195,000 | $2,667,000 |
| Home Purchase | 172 | $55,492,000 | $322,000 | $1,974,000 | $194,000 | $5,781,000 |
| Home Improvement | 96 | $36,288,000 | $378,000 | $6,000,000 | $150,000 | $674,000 |
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 | 552 | $161,638,000 | $292,000 | $1,825,000 | $201,000 | $5,781,000 |
| Not Provided | 150 | $52,441,000 | $349,000 | $1,000,000 | $249,000 | $1,371,000 |
| Not applicable | 71 | $91,526,000 | $1,289,000 | $7,600,000 | $0 | $0 |
| Asian | 39 | $10,540,000 | $270,000 | $700,000 | $169,000 | $597,000 |
| Hispanic | 10 | $3,087,000 | $308,000 | $963,000 | $146,000 | $586,000 |
| Black or African American | 7 | $1,116,000 | $159,000 | $499,000 | $110,000 | $237,000 |
| American Indian or Alaskan Native | 2 | $125,000 | $62,000 | $85,000 | $107,000 | $155,000 |
| 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) | 827 | $319,697,000 | $386,000 | $7,600,000 | $190,000 | $5,781,000 |
| FHA-insured (Federal Housing Administration) | 4 | $776,000 | $194,000 | $310,000 | $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 | 659 | $249,873,000 | $379,000 | $7,600,000 | $199,000 | $5,781,000 |
| Application Denied By Financial Institution | 67 | $18,071,000 | $269,000 | $1,140,000 | $137,000 | $1,092,000 |
| Application Withdrawn By Applicant | 31 | $10,998,000 | $354,000 | $1,040,000 | $296,000 | $2,667,000 |
| Application Approved But Not Accepted | 31 | $24,397,000 | $787,000 | $7,000,000 | $135,000 | $531,000 |
| Loan Purchased By The Institution | 24 | $10,837,000 | $451,000 | $744,000 | $0 | $0 |
| File Closed For Incompleteness | 19 | $6,297,000 | $331,000 | $660,000 | $185,000 | $459,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2011 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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