Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Peapack Private Bank & Trust of Bedminster, NJ reported 525 mortgage applications totaling $862.0 million, down 3% from 2014. The average application was for $1,641,874, and applicants reported an average income of $129,592. 84% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Newark, NJ-PA (269), New York-Jersey City-White Plains, NY-NJ (184) and Philadelphia, PA (22) (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 | 525 |
| Total Mortgage Loan Application Amount | $861,984,000 |
| Average Mortgage Loan Application Amount | $1,641,874 |
| Highest Mortgage Loan Application Amount | $20,500,000 |
| Average Applicant Income | $129,592 |
| Highest Applicant Income | $3,273,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 269 | $ 116,354,000 | $ 432,542 | $ 147,000 |
| New York-Jersey City-White Plains, NY-NJ | 184 | $ 579,983,000 | $ 3,152,081 | $ 72,217 |
| Philadelphia, PA | 22 | $ 82,501,000 | $ 3,750,045 | $ 6,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 8 | $ 11,192,000 | $ 1,399,000 | $ 68,000 |
| Camden, NJ | 7 | $ 22,081,000 | $ 3,154,428 | $ 23,000 |
| Montgomery County-Bucks County-Chester County, PA | 6 | $ 13,628,000 | $ 2,271,333 | $ 98,000 |
| Trenton, NJ | 6 | $ 6,347,000 | $ 1,057,833 | $ 182,000 |
| Nassau County-Suffolk County, NY | 5 | $ 11,238,000 | $ 2,247,600 | $ 1,330,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 3,570,000 | $ 892,500 | $ 594,000 |
| Ocean City, NJ | 3 | $ 1,854,000 | $ 618,000 | $ 470,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 2 | $ 6,550,000 | $ 3,275,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 280,000 | $ 280,000 | $ 221,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 750,000 | $ 750,000 | $ 0 |
| Lynchburg, VA | 1 | $ 676,000 | $ 676,000 | $ 431,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 400,000 | $ 400,000 | $ 157,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 1,000,000 | $ 1,000,000 | $ 346,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 1,000,000 | $ 1,000,000 | $ 881,000 |
| Reading, PA | 1 | $ 2,200,000 | $ 2,200,000 | $ 0 |
| Salisbury, MD-DE | 1 | $ 150,000 | $ 150,000 | $ 86,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2015
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 | 236 | $490,921,000 | $2,080,000 | $20,500,000 | $123,000 | $2,871,000 |
| Home Purchase | 226 | $344,127,000 | $1,522,000 | $16,000,000 | $128,000 | $3,273,000 |
| Home Improvement | 63 | $26,936,000 | $427,000 | $6,200,000 | $160,000 | $1,047,000 |
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 | 236 | $101,865,000 | $431,000 | $5,000,000 | $221,000 | $3,273,000 |
| Not applicable | 194 | $733,442,000 | $3,780,000 | $20,500,000 | $0 | $0 |
| Not Provided | 52 | $17,275,000 | $332,000 | $1,940,000 | $202,000 | $869,000 |
| Hispanic | 19 | $4,563,000 | $240,000 | $990,000 | $131,000 | $873,000 |
| Asian | 13 | $2,091,000 | $160,000 | $365,000 | $56,000 | $109,000 |
| Black or African American | 11 | $2,748,000 | $249,000 | $900,000 | $184,000 | $1,024,000 |
| 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) | 525 | $861,984,000 | $1,641,000 | $20,500,000 | $129,000 | $3,273,000 |
| 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 | 443 | $783,625,000 | $1,768,000 | $20,500,000 | $131,000 | $3,273,000 |
| Application Denied By Financial Institution | 44 | $30,659,000 | $696,000 | $5,000,000 | $90,000 | $347,000 |
| Application Withdrawn By Applicant | 16 | $19,993,000 | $1,249,000 | $11,000,000 | $75,000 | $223,000 |
| Application Approved But Not Accepted | 14 | $20,176,000 | $1,441,000 | $5,950,000 | $202,000 | $869,000 |
| File Closed For Incompleteness | 8 | $7,531,000 | $941,000 | $3,598,000 | $207,000 | $533,000 |
| 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 2015 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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