Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Peapack Private Bank & Trust of Bedminster, NJ reported 521 mortgage applications totaling $691.5 million, down 35% from 2021. The average application was for $1,327,226, and applicants reported an average income of $201,557. 86% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Newark, NJ-PA (211), New York-Newark, NY (139) and New York-Jersey City-White Plains, NY-NJ (91) (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 | 521 |
| Total Mortgage Loan Application Amount | $691,485,000 |
| Average Mortgage Loan Application Amount | $1,327,226 |
| Highest Mortgage Loan Application Amount | $30,505,000 |
| Average Applicant Income | $201,557 |
| Highest Applicant Income | $1,902,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 211 | $ 191,305,000 | $ 906,658 | $ 174,483 |
| New York-Newark, NY | 139 | $ 62,535,000 | $ 449,892 | $ 154,000 |
| New York-Jersey City-White Plains, NY-NJ | 91 | $ 366,665,000 | $ 4,029,285 | $ 768,901 |
| North Port-Sarasota-Bradenton, FL | 10 | $ 2,490,000 | $ 249,000 | $ 142,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 8 | $ 1,630,000 | $ 203,750 | $ 147,375 |
| Camden, NJ | 5 | $ 1,375,000 | $ 275,000 | $ 111,000 |
| Outside any metro area | 4 | $ 1,380,000 | $ 345,000 | $ 34,000 |
| Philadelphia, PA | 4 | $ 43,470,000 | $ 10,867,500 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 840,000 | $ 210,000 | $ 190,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 2,350,000 | $ 587,500 | $ 413,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 885,000 | $ 295,000 | $ 0 |
| Rochester, NY | 3 | $ 525,000 | $ 175,000 | $ 400,000 |
| Boston, MA | 2 | $ 1,160,000 | $ 580,000 | $ 137,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 680,000 | $ 340,000 | $ 135,000 |
| East Stroudsburg, PA | 2 | $ 400,000 | $ 200,000 | $ 0 |
| Memphis, TN-MS-AR | 2 | $ 110,000 | $ 55,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 920,000 | $ 460,000 | $ 348,000 |
| Nassau County-Suffolk County, NY | 2 | $ 2,500,000 | $ 1,250,000 | $ 1,183,000 |
| Trenton, NJ | 2 | $ 550,000 | $ 275,000 | $ 0 |
| Albany-Schenectady-Troy, NY | 1 | $ 205,000 | $ 205,000 | $ 156,000 |
| Boulder, CO | 1 | $ 965,000 | $ 965,000 | $ 320,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 215,000 | $ 215,000 | $ 76,000 |
| Charleston-North Charleston, SC | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Glens Falls, NY | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Harrisburg-Carlisle, PA | 1 | $ 105,000 | $ 105,000 | $ 118,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 305,000 | $ 305,000 | $ 279,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Jacksonville, FL | 1 | $ 235,000 | $ 235,000 | $ 328,000 |
| Knoxville, TN | 1 | $ 135,000 | $ 135,000 | $ 152,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 35,000 | $ 35,000 | $ 150,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 1,605,000 | $ 1,605,000 | $ 551,000 |
| New Haven-Milford, CT | 1 | $ 505,000 | $ 505,000 | $ 734,000 |
| Ocean City, NJ | 1 | $ 1,105,000 | $ 1,105,000 | $ 516,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 325,000 | $ 325,000 | $ 326,000 |
| Pittsburgh, PA | 1 | $ 345,000 | $ 345,000 | $ 276,000 |
| Richmond, VA | 1 | $ 345,000 | $ 345,000 | $ 166,000 |
| The Villages, FL | 1 | $ 295,000 | $ 295,000 | $ 142,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 1,205,000 | $ 1,205,000 | $ 386,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2022
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 | 266 | $175,120,000 | $658,000 | $28,355,000 | $161,000 | $1,902,000 |
| Refinancing | 104 | $451,460,000 | $4,340,000 | $30,505,000 | $229,000 | $796,000 |
| Cash-out Refinancing | 102 | $48,790,000 | $478,000 | $3,975,000 | $275,000 | $1,902,000 |
| Home Improvement | 26 | $10,440,000 | $401,000 | $4,005,000 | $258,000 | $1,724,000 |
| Other Purpose | 22 | $5,540,000 | $251,000 | $2,305,000 | $155,000 | $412,000 |
| Not Applicable | 1 | $135,000 | $135,000 | $135,000 | $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 | 246 | $88,780,000 | $360,000 | $2,305,000 | $212,000 | $1,724,000 |
| Not applicable | 140 | $542,050,000 | $3,871,000 | $30,505,000 | $0 | $0 |
| Hispanic | 72 | $27,370,000 | $380,000 | $2,405,000 | $121,000 | $1,405,000 |
| Asian | 25 | $14,185,000 | $567,000 | $3,975,000 | $210,000 | $766,000 |
| Not Provided | 21 | $9,115,000 | $434,000 | $995,000 | $167,000 | $350,000 |
| Black or African American | 13 | $3,415,000 | $262,000 | $595,000 | $78,000 | $163,000 |
| 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) | 521 | $691,485,000 | $1,327,000 | $30,505,000 | $196,000 | $1,902,000 |
| 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 | 448 | $652,490,000 | $1,456,000 | $30,505,000 | $195,000 | $1,902,000 |
| Application Withdrawn By Applicant | 32 | $10,050,000 | $314,000 | $1,195,000 | $135,000 | $572,000 |
| Application Denied By Financial Institution | 22 | $7,190,000 | $326,000 | $2,005,000 | $185,000 | $1,500,000 |
| Application Approved But Not Accepted | 11 | $9,325,000 | $847,000 | $4,875,000 | $446,000 | $1,518,000 |
| File Closed For Incompleteness | 6 | $11,170,000 | $1,861,000 | $8,205,000 | $191,000 | $478,000 |
| Loan Purchased By The Institution | 2 | $1,260,000 | $630,000 | $1,125,000 | $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 | 499 | $684,295,000 | $1,371,000 | $30,505,000 | $197,000 | $1,902,000 |
| Debt-To-Income Ratio | 13 | $5,965,000 | $458,000 | $2,005,000 | $225,000 | $1,500,000 |
| Collateral | 4 | $350,000 | $87,000 | $235,000 | $93,000 | $154,000 |
| Credit History | 3 | $355,000 | $118,000 | $275,000 | $217,000 | $320,000 |
| Other | 1 | $495,000 | $495,000 | $495,000 | $66,000 | $66,000 |
| Employment History | 1 | $25,000 | $25,000 | $25,000 | $130,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2022 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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