Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, Peapack Private Bank & Trust of Bedminster, NJ reported 544 mortgage applications totaling $801.9 million, down 45% from 2013. The average application was for $1,474,011, and applicants reported an average income of $177,854. 78% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Newark, NJ-PA (315), New York-Jersey City-White Plains, NY-NJ (187) and Allentown-Bethlehem-Easton, PA-NJ (9) (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 | 544 |
| Total Mortgage Loan Application Amount | $801,862,000 |
| Average Mortgage Loan Application Amount | $1,474,011 |
| Highest Mortgage Loan Application Amount | $17,750,000 |
| Average Applicant Income | $177,854 |
| Highest Applicant Income | $9,999,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, NJ-PA | 315 | $ 176,394,000 | $ 559,980 | $ 163,593 |
| New York-Jersey City-White Plains, NY-NJ | 187 | $ 510,195,000 | $ 2,728,315 | $ 132,208 |
| Allentown-Bethlehem-Easton, PA-NJ | 9 | $ 7,121,000 | $ 791,222 | $ 106,666 |
| Philadelphia, PA | 9 | $ 45,307,000 | $ 5,034,111 | $ 0 |
| Camden, NJ | 6 | $ 13,547,000 | $ 2,257,833 | $ 256,000 |
| Montgomery County-Bucks County-Chester County, PA | 3 | $ 29,361,000 | $ 9,787,000 | $ 0 |
| Atlantic City-Hammonton, NJ | 2 | $ 2,325,000 | $ 1,162,500 | $ 4,999,000 |
| Vineland-Bridgeton, NJ | 2 | $ 8,910,000 | $ 4,455,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 2,063,000 | $ 2,063,000 | $ 1,264,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 125,000 | $ 125,000 | $ 973,000 |
| East Stroudsburg, PA | 1 | $ 1,594,000 | $ 1,594,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 400,000 | $ 400,000 | $ 127,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 225,000 | $ 225,000 | $ 1,981,000 |
| Nassau County-Suffolk County, NY | 1 | $ 2,500,000 | $ 2,500,000 | $ 1,968,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 360,000 | $ 360,000 | $ 24,000 |
| Sebastian-Vero Beach, FL | 1 | $ 272,000 | $ 272,000 | $ 195,000 |
| Trenton, NJ | 1 | $ 616,000 | $ 616,000 | $ 327,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 334,000 | $ 334,000 | $ 794,000 |
| Wilmington, DE-MD-NJ | 1 | $ 213,000 | $ 213,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2014
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 | 255 | $281,360,000 | $1,103,000 | $17,750,000 | $236,000 | $9,999,000 |
| Refinancing | 206 | $457,321,000 | $2,220,000 | $17,500,000 | $103,000 | $1,255,000 |
| Home Improvement | 83 | $63,181,000 | $761,000 | $7,500,000 | $185,000 | $1,968,000 |
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 | 227 | $83,218,000 | $366,000 | $5,000,000 | $272,000 | $6,954,000 |
| Not applicable | 195 | $682,958,000 | $3,502,000 | $17,750,000 | $12,000 | $2,495,000 |
| Not Provided | 86 | $28,542,000 | $331,000 | $2,100,000 | $329,000 | $9,999,000 |
| Black or African American | 18 | $3,239,000 | $179,000 | $386,000 | $111,000 | $794,000 |
| Asian | 11 | $3,075,000 | $279,000 | $538,000 | $150,000 | $360,000 |
| Hispanic | 7 | $830,000 | $118,000 | $238,000 | $63,000 | $126,000 |
| 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) | 544 | $801,862,000 | $1,474,000 | $17,750,000 | $178,000 | $9,999,000 |
| 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 | 425 | $714,794,000 | $1,681,000 | $17,750,000 | $152,000 | $9,999,000 |
| Application Denied By Financial Institution | 42 | $30,553,000 | $727,000 | $7,500,000 | $141,000 | $900,000 |
| Application Withdrawn By Applicant | 27 | $24,660,000 | $913,000 | $5,250,000 | $159,000 | $375,000 |
| File Closed For Incompleteness | 26 | $13,715,000 | $527,000 | $2,500,000 | $348,000 | $1,968,000 |
| Application Approved But Not Accepted | 24 | $18,140,000 | $755,000 | $3,128,000 | $533,000 | $6,401,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2014 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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