Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Peapack Private Bank & Trust of Bedminster, NJ reported 527 mortgage applications totaling $351.7 million, down 19% from 2016. The average application was for $667,271, and applicants reported an average income of $268,223. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Newark, NJ-PA (341), New York-Jersey City-White Plains, NY-NJ (117) and Philadelphia, PA (10) (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 | 527 |
| Total Mortgage Loan Application Amount | $351,652,000 |
| Average Mortgage Loan Application Amount | $667,271 |
| Highest Mortgage Loan Application Amount | $15,300,000 |
| Average Applicant Income | $268,223 |
| 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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 341 | $ 125,968,000 | $ 369,407 | $ 171,000 |
| New York-Jersey City-White Plains, NY-NJ | 117 | $ 127,355,000 | $ 1,088,504 | $ 345,846 |
| Philadelphia, PA | 10 | $ 27,143,000 | $ 2,714,300 | $ 29,000 |
| Trenton, NJ | 9 | $ 2,264,000 | $ 251,555 | $ 176,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 6 | $ 915,000 | $ 152,500 | $ 99,333 |
| Nassau County-Suffolk County, NY | 6 | $ 10,102,000 | $ 1,683,666 | $ 1,172,000 |
| Camden, NJ | 4 | $ 5,916,000 | $ 1,479,000 | $ 814,000 |
| Dutchess County-Putnam County, NY | 4 | $ 16,288,000 | $ 4,072,000 | $ 185,000 |
| Ocean City, NJ | 3 | $ 2,064,000 | $ 688,000 | $ 559,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 420,000 | $ 140,000 | $ 197,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 3,500,000 | $ 1,750,000 | $ 1,995,000 |
| New Haven-Milford, CT | 2 | $ 193,000 | $ 96,500 | $ 79,000 |
| Norwich-New London, CT | 2 | $ 16,500,000 | $ 8,250,000 | $ 0 |
| Santa Fe, NM | 2 | $ 2,870,000 | $ 1,435,000 | $ 9,999,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 1,250,000 | $ 1,250,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Charlottesville, VA | 1 | $ 266,000 | $ 266,000 | $ 148,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 145,000 | $ 145,000 | $ 127,000 |
| East Stroudsburg, PA | 1 | $ 150,000 | $ 150,000 | $ 492,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 169,000 | $ 169,000 | $ 60,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 163,000 | $ 163,000 | $ 208,000 |
| Lancaster, PA | 1 | $ 88,000 | $ 88,000 | $ 135,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 385,000 | $ 385,000 | $ 89,000 |
| Sebastian-Vero Beach, FL | 1 | $ 50,000 | $ 50,000 | $ 39,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 728,000 | $ 728,000 | $ 369,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 959,000 | $ 959,000 | $ 355,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 626,000 | $ 626,000 | $ 546,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2017
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 | 299 | $188,730,000 | $631,000 | $15,300,000 | $242,000 | $9,999,000 |
| Refinancing | 188 | $150,962,000 | $802,000 | $11,000,000 | $327,000 | $9,999,000 |
| Home Improvement | 40 | $11,960,000 | $299,000 | $3,300,000 | $188,000 | $1,866,000 |
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 | 353 | $173,175,000 | $490,000 | $5,400,000 | $308,000 | $9,999,000 |
| Hispanic | 55 | $14,585,000 | $265,000 | $735,000 | $106,000 | $478,000 |
| Not Provided | 43 | $16,209,000 | $376,000 | $1,710,000 | $360,000 | $2,161,000 |
| Asian | 37 | $23,796,000 | $643,000 | $4,000,000 | $220,000 | $1,817,000 |
| Not applicable | 26 | $112,879,000 | $4,341,000 | $15,300,000 | $0 | $0 |
| Black or African American | 13 | $11,008,000 | $846,000 | $5,438,000 | $223,000 | $2,065,000 |
| 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) | 527 | $351,652,000 | $667,000 | $15,300,000 | $268,000 | $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 | 427 | $283,113,000 | $663,000 | $15,300,000 | $240,000 | $9,999,000 |
| Application Withdrawn By Applicant | 27 | $18,504,000 | $685,000 | $5,438,000 | $322,000 | $2,065,000 |
| Application Denied By Financial Institution | 25 | $13,842,000 | $553,000 | $3,500,000 | $283,000 | $2,106,000 |
| Application Approved But Not Accepted | 24 | $12,458,000 | $519,000 | $2,610,000 | $388,000 | $1,885,000 |
| File Closed For Incompleteness | 24 | $23,735,000 | $988,000 | $5,000,000 | $567,000 | $4,508,000 |
| 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 2017 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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