Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Peapack Private Bank & Trust of Bedminster, NJ reported 1,030 mortgage applications totaling $355.9 million, up 24% from 2011. The average application was for $345,504, and applicants reported an average income of $177,687. 77% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Newark-Union, NJ-PA (552), Edison-New Brunswick, NJ (381) 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 | 1,030 |
| Total Mortgage Loan Application Amount | $355,870,000 |
| Average Mortgage Loan Application Amount | $345,504 |
| Highest Mortgage Loan Application Amount | $7,500,000 |
| Average Applicant Income | $177,687 |
| Highest Applicant Income | $2,454,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 552 | $ 175,787,000 | $ 318,454 | $ 190,000 |
| Edison-New Brunswick, NJ | 381 | $ 113,210,000 | $ 297,139 | $ 163,000 |
| New York-White Plains-Wayne, NY-NJ | 45 | $ 36,310,000 | $ 806,888 | $ 200,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 22 | $ 3,804,000 | $ 172,909 | $ 107,000 |
| Camden, NJ | 7 | $ 6,760,000 | $ 965,714 | $ 93,000 |
| Trenton-Ewing, NJ | 5 | $ 1,493,000 | $ 298,600 | $ 215,000 |
| Philadelphia, PA | 3 | $ 900,000 | $ 300,000 | $ 60,000 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 644,000 | $ 322,000 | $ 319,000 |
| Ocean City, NJ | 2 | $ 560,000 | $ 280,000 | $ 333,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 2 | $ 8,850,000 | $ 4,425,000 | $ 0 |
| Atlantic City-Hammonton, NJ | 1 | $ 305,000 | $ 305,000 | $ 213,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 189,000 | $ 189,000 | $ 103,000 |
| Jacksonville, FL | 1 | $ 96,000 | $ 96,000 | $ 98,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 417,000 | $ 417,000 | $ 125,000 |
| Naples-Marco Island, FL | 1 | $ 746,000 | $ 746,000 | $ 521,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 103,000 | $ 103,000 | $ 84,000 |
| Sebastian-Vero Beach, FL | 1 | $ 216,000 | $ 216,000 | $ 182,000 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 5,300,000 | $ 5,300,000 | $ 0 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2012
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 | 723 | $245,056,000 | $338,000 | $7,500,000 | $184,000 | $1,096,000 |
| Home Purchase | 191 | $65,489,000 | $342,000 | $6,500,000 | $170,000 | $2,454,000 |
| Home Improvement | 116 | $45,325,000 | $390,000 | $7,300,000 | $151,000 | $805,000 |
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 | 717 | $205,817,000 | $287,000 | $2,160,000 | $182,000 | $2,454,000 |
| Not Provided | 225 | $68,743,000 | $305,000 | $1,300,000 | $187,000 | $1,008,000 |
| Asian | 34 | $9,465,000 | $278,000 | $500,000 | $144,000 | $382,000 |
| Hispanic | 25 | $5,941,000 | $237,000 | $1,585,000 | $137,000 | $620,000 |
| Not applicable | 21 | $64,288,000 | $3,061,000 | $7,500,000 | $52,000 | $1,096,000 |
| Black or African American | 7 | $1,556,000 | $222,000 | $414,000 | $102,000 | $195,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $60,000 | $60,000 | $60,000 | $120,000 | $120,000 |
| 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) | 1,030 | $355,870,000 | $345,000 | $7,500,000 | $178,000 | $2,454,000 |
| 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 | 793 | $285,255,000 | $359,000 | $7,500,000 | $178,000 | $2,454,000 |
| Application Denied By Financial Institution | 98 | $28,909,000 | $294,000 | $900,000 | $145,000 | $687,000 |
| Application Withdrawn By Applicant | 69 | $20,880,000 | $302,000 | $1,000,000 | $178,000 | $900,000 |
| File Closed For Incompleteness | 37 | $12,595,000 | $340,000 | $725,000 | $219,000 | $650,000 |
| Application Approved But Not Accepted | 23 | $6,896,000 | $299,000 | $1,300,000 | $286,000 | $2,010,000 |
| Loan Purchased By The Institution | 10 | $1,335,000 | $133,000 | $322,000 | $82,000 | $120,000 |
| 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 2012 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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