Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Peapack Private Bank & Trust of Bedminster, NJ reported 520 mortgage applications totaling $593.4 million, up 20% from 2018. The average application was for $1,141,153, and applicants reported an average income of $159,725. 80% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Newark, NJ-PA (243), New York-Newark, NY (146) and New York-Jersey City-White Plains, NY-NJ (74) (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 | 520 |
| Total Mortgage Loan Application Amount | $593,400,000 |
| Average Mortgage Loan Application Amount | $1,141,153 |
| Highest Mortgage Loan Application Amount | $25,005,000 |
| Average Applicant Income | $159,725 |
| Highest Applicant Income | $4,746,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 243 | $ 161,815,000 | $ 665,905 | $ 160,000 |
| New York-Newark, NY | 146 | $ 65,110,000 | $ 445,958 | $ 137,000 |
| New York-Jersey City-White Plains, NY-NJ | 74 | $ 231,340,000 | $ 3,126,216 | $ 211,648 |
| Allentown-Bethlehem-Easton, PA-NJ | 10 | $ 23,470,000 | $ 2,347,000 | $ 67,000 |
| Philadelphia, PA | 8 | $ 53,000,000 | $ 6,625,000 | $ 115,000 |
| Trenton, NJ | 6 | $ 1,670,000 | $ 278,333 | $ 124,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 4,105,000 | $ 821,000 | $ 40,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 765,000 | $ 153,000 | $ 83,000 |
| Camden, NJ | 3 | $ 315,000 | $ 105,000 | $ 0 |
| Outside any metro area | 3 | $ 3,425,000 | $ 1,141,666 | $ 449,000 |
| Charleston-North Charleston, SC | 2 | $ 630,000 | $ 315,000 | $ 441,000 |
| East Stroudsburg, PA | 2 | $ 440,000 | $ 220,000 | $ 200,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 125,000 | $ 125,000 | $ 70,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 335,000 | $ 335,000 | $ 138,000 |
| Jacksonville, FL | 1 | $ 125,000 | $ 125,000 | $ 148,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 485,000 | $ 485,000 | $ 367,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 545,000 | $ 545,000 | $ 601,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 395,000 | $ 395,000 | $ 384,000 |
| Ocean City, NJ | 1 | $ 1,585,000 | $ 1,585,000 | $ 0 |
| Pittsburgh, PA | 1 | $ 195,000 | $ 195,000 | $ 139,000 |
| Salt Lake City, UT | 1 | $ 115,000 | $ 115,000 | $ 51,000 |
| San Rafael, CA | 1 | $ 1,505,000 | $ 1,505,000 | $ 293,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 295,000 | $ 295,000 | $ 130,000 |
| Wilmington, DE-MD-NJ | 1 | $ 18,005,000 | $ 18,005,000 | $ 0 |
| York-Hanover, PA | 1 | $ 23,605,000 | $ 23,605,000 | $ 0 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2019
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 | 249 | $119,645,000 | $480,000 | $23,605,000 | $140,000 | $4,746,000 |
| Refinancing | 154 | $435,930,000 | $2,830,000 | $25,005,000 | $182,000 | $903,000 |
| Cash-out Refinancing | 63 | $27,415,000 | $435,000 | $3,505,000 | $209,000 | $1,730,000 |
| Other Purpose | 36 | $7,840,000 | $217,000 | $1,505,000 | $139,000 | $367,000 |
| Home Improvement | 18 | $2,570,000 | $142,000 | $635,000 | $111,000 | $257,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 290 | $92,920,000 | $320,000 | $3,505,000 | $174,000 | $4,746,000 |
| Not applicable | 115 | $467,025,000 | $4,061,000 | $25,005,000 | $0 | $0 |
| Hispanic | 53 | $14,675,000 | $276,000 | $625,000 | $90,000 | $601,000 |
| Not Provided | 32 | $10,530,000 | $329,000 | $665,000 | $150,000 | $512,000 |
| Black or African American | 19 | $5,155,000 | $271,000 | $495,000 | $86,000 | $120,000 |
| Asian | 8 | $2,300,000 | $287,000 | $405,000 | $149,000 | $277,000 |
| American Indian or Alaskan Native | 1 | $335,000 | $335,000 | $335,000 | $128,000 | $128,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $205,000 | $205,000 | $205,000 | $100,000 | $100,000 |
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) | 518 | $592,820,000 | $1,144,000 | $25,005,000 | $156,000 | $4,746,000 |
| FHA-insured (Federal Housing Administration) | 2 | $580,000 | $290,000 | $335,000 | $159,000 | $180,000 |
| 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 | 414 | $492,740,000 | $1,190,000 | $25,005,000 | $164,000 | $4,746,000 |
| Application Withdrawn By Applicant | 59 | $59,815,000 | $1,013,000 | $23,605,000 | $104,000 | $300,000 |
| Application Denied By Financial Institution | 19 | $33,695,000 | $1,773,000 | $9,605,000 | $131,000 | $275,000 |
| File Closed For Incompleteness | 16 | $3,290,000 | $205,000 | $455,000 | $172,000 | $673,000 |
| Application Approved But Not Accepted | 12 | $3,860,000 | $321,000 | $595,000 | $172,000 | $512,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 520 | $593,400,000 | $1,141,000 | $25,005,000 | $156,000 | $4,746,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2019 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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