Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Peapack Private Bank & Trust of Bedminster, NJ reported 804 mortgage applications totaling $1.0 billion, down 5% from 2020. The average application was for $1,268,830, and applicants reported an average income of $232,034. 87% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Newark, NJ-PA (314), New York-Newark, NY (222) and New York-Jersey City-White Plains, NY-NJ (146) (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 | 804 |
| Total Mortgage Loan Application Amount | $1,020,140,000 |
| Average Mortgage Loan Application Amount | $1,268,830 |
| Highest Mortgage Loan Application Amount | $24,005,000 |
| Average Applicant Income | $232,034 |
| Highest Applicant Income | $8,135,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 314 | $ 200,090,000 | $ 637,229 | $ 207,000 |
| New York-Newark, NY | 222 | $ 100,740,000 | $ 453,783 | $ 214,000 |
| New York-Jersey City-White Plains, NY-NJ | 146 | $ 613,120,000 | $ 4,199,452 | $ 228,876 |
| Trenton, NJ | 17 | $ 6,795,000 | $ 399,705 | $ 310,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 14 | $ 16,220,000 | $ 1,158,571 | $ 123,428 |
| Philadelphia, PA | 11 | $ 18,425,000 | $ 1,675,000 | $ 191,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 1,640,000 | $ 273,333 | $ 57,000 |
| Naples-Immokalee-Marco Island, FL | 5 | $ 2,905,000 | $ 581,000 | $ 399,000 |
| Nassau County-Suffolk County, NY | 5 | $ 4,265,000 | $ 853,000 | $ 377,000 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 1,555,000 | $ 311,000 | $ 42,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 7,005,000 | $ 1,401,000 | $ 614,000 |
| Outside any metro area | 4 | $ 1,380,000 | $ 345,000 | $ 251,500 |
| Camden, NJ | 3 | $ 7,945,000 | $ 2,648,333 | $ 179,000 |
| Charleston-North Charleston, SC | 3 | $ 825,000 | $ 275,000 | $ 741,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 655,000 | $ 218,333 | $ 118,000 |
| Salisbury, MD-DE | 3 | $ 1,075,000 | $ 358,333 | $ 81,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,595,000 | $ 531,666 | $ 2,863,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 4,730,000 | $ 2,365,000 | $ 1,439,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 760,000 | $ 380,000 | $ 85,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 1,110,000 | $ 555,000 | $ 240,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 410,000 | $ 205,000 | $ 85,000 |
| Ocean City, NJ | 2 | $ 4,190,000 | $ 2,095,000 | $ 208,000 |
| Providence-Warwick, RI-MA | 2 | $ 640,000 | $ 320,000 | $ 303,000 |
| Wilmington, DE-MD-NJ | 2 | $ 520,000 | $ 260,000 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Columbus, OH | 1 | $ 6,505,000 | $ 6,505,000 | $ 0 |
| Dover, DE | 1 | $ 5,505,000 | $ 5,505,000 | $ 0 |
| East Stroudsburg, PA | 1 | $ 285,000 | $ 285,000 | $ 78,000 |
| Harrisburg-Carlisle, PA | 1 | $ 105,000 | $ 105,000 | $ 118,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 805,000 | $ 805,000 | $ 396,000 |
| Jacksonville, FL | 1 | $ 455,000 | $ 455,000 | $ 319,000 |
| Lakeland-Winter Haven, FL | 1 | $ 285,000 | $ 285,000 | $ 123,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 1,635,000 | $ 1,635,000 | $ 844,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 405,000 | $ 405,000 | $ 299,000 |
| New Haven-Milford, CT | 1 | $ 805,000 | $ 805,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 655,000 | $ 655,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 105,000 | $ 105,000 | $ 230,000 |
| Portland-South Portland, ME | 1 | $ 375,000 | $ 375,000 | $ 180,000 |
| Raleigh, NC | 1 | $ 545,000 | $ 545,000 | $ 191,000 |
| Richmond, VA | 1 | $ 215,000 | $ 215,000 | $ 203,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 215,000 | $ 215,000 | $ 89,000 |
| Sebastian-Vero Beach, FL | 1 | $ 295,000 | $ 295,000 | $ 181,000 |
| Springfield, MA | 1 | $ 1,235,000 | $ 1,235,000 | $ 121,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 115,000 | $ 115,000 | $ 123,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 705,000 | $ 705,000 | $ 375,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2021
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 | 347 | $733,505,000 | $2,113,000 | $24,005,000 | $201,000 | $1,315,000 |
| Home Purchase | 240 | $200,690,000 | $836,000 | $11,365,000 | $213,000 | $2,745,000 |
| Cash-out Refinancing | 200 | $81,490,000 | $407,000 | $2,455,000 | $301,000 | $8,135,000 |
| Other Purpose | 10 | $3,690,000 | $369,000 | $685,000 | $446,000 | $1,903,000 |
| Home Improvement | 7 | $765,000 | $109,000 | $505,000 | $147,000 | $340,000 |
| 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 | 470 | $196,390,000 | $417,000 | $5,715,000 | $235,000 | $2,745,000 |
| Not applicable | 205 | $770,635,000 | $3,759,000 | $24,005,000 | $0 | $0 |
| Not Provided | 56 | $26,560,000 | $474,000 | $4,225,000 | $213,000 | $1,001,000 |
| Hispanic | 34 | $11,020,000 | $324,000 | $985,000 | $123,000 | $765,000 |
| Asian | 25 | $11,915,000 | $476,000 | $1,055,000 | $535,000 | $8,135,000 |
| Black or African American | 12 | $3,240,000 | $270,000 | $525,000 | $85,000 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $275,000 | $275,000 | $275,000 | $73,000 | $73,000 |
| 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) | 803 | $1,019,655,000 | $1,269,000 | $24,005,000 | $236,000 | $8,135,000 |
| FHA-insured (Federal Housing Administration) | 1 | $485,000 | $485,000 | $485,000 | $85,000 | $85,000 |
| 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 | 701 | $915,685,000 | $1,306,000 | $24,005,000 | $238,000 | $8,135,000 |
| Application Withdrawn By Applicant | 46 | $69,660,000 | $1,514,000 | $22,155,000 | $191,000 | $703,000 |
| File Closed For Incompleteness | 24 | $25,990,000 | $1,082,000 | $9,605,000 | $397,000 | $2,745,000 |
| Application Approved But Not Accepted | 18 | $5,930,000 | $329,000 | $745,000 | $205,000 | $725,000 |
| Application Denied By Financial Institution | 15 | $2,875,000 | $191,000 | $425,000 | $106,000 | $212,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 789 | $1,017,265,000 | $1,289,000 | $24,005,000 | $239,000 | $8,135,000 |
| Debt-To-Income Ratio | 7 | $1,305,000 | $186,000 | $335,000 | $89,000 | $160,000 |
| Credit History | 4 | $730,000 | $182,000 | $425,000 | $137,000 | $212,000 |
| Collateral | 3 | $605,000 | $201,000 | $345,000 | $109,000 | $140,000 |
| Unverifiable Information | 1 | $235,000 | $235,000 | $235,000 | $94,000 | $94,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2021 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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