Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Peapack Private Bank & Trust of Bedminster, NJ reported 129 mortgage applications totaling $155.2 million, down 60% from 2023. The average application was for $1,203,062, and applicants reported an average income of $238,193. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Newark, NJ-PA (40), Lakewood-New Brunswick, NJ (39) and New York-Jersey City-White Plains, NY-NJ (23) (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 | 129 |
| Total Mortgage Loan Application Amount | $155,195,000 |
| Average Mortgage Loan Application Amount | $1,203,062 |
| Highest Mortgage Loan Application Amount | $9,425,000 |
| Average Applicant Income | $238,193 |
| Highest Applicant Income | $1,483,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 40 | $ 25,240,000 | $ 631,000 | $ 198,000 |
| Lakewood-New Brunswick, NJ | 39 | $ 28,885,000 | $ 740,641 | $ 122,000 |
| New York-Jersey City-White Plains, NY-NJ | 23 | $ 52,535,000 | $ 2,284,130 | $ 542,434 |
| Nassau County-Suffolk County, NY | 3 | $ 3,915,000 | $ 1,305,000 | $ 357,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 990,000 | $ 495,000 | $ 0 |
| Baltimore-Columbia-Towson, MD | 2 | $ 8,760,000 | $ 4,380,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 9,190,000 | $ 4,595,000 | $ 484,000 |
| Outside any metro area | 2 | $ 1,300,000 | $ 650,000 | $ 215,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 5,360,000 | $ 2,680,000 | $ 785,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 445,000 | $ 445,000 | $ 240,000 |
| Camden, NJ | 1 | $ 2,605,000 | $ 2,605,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 335,000 | $ 335,000 | $ 251,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 935,000 | $ 935,000 | $ 220,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 985,000 | $ 985,000 | $ 0 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 1 | $ 925,000 | $ 925,000 | $ 0 |
| Lake County-Kenosha County, IL-WI | 1 | $ 255,000 | $ 255,000 | $ 123,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 3,775,000 | $ 3,775,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 955,000 | $ 955,000 | $ 543,000 |
| Raleigh, NC | 1 | $ 505,000 | $ 505,000 | $ 322,000 |
| Richmond, VA | 1 | $ 255,000 | $ 255,000 | $ 178,000 |
| Trenton, NJ | 1 | $ 5,005,000 | $ 5,005,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 1,505,000 | $ 1,505,000 | $ 607,000 |
| Wilmington, NC | 1 | $ 535,000 | $ 535,000 | $ 0 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2024
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 | 102 | $99,890,000 | $979,000 | $8,005,000 | $230,000 | $1,483,000 |
| Refinancing | 11 | $33,015,000 | $3,001,000 | $9,425,000 | $85,000 | $145,000 |
| Cash-out Refinancing | 10 | $17,710,000 | $1,771,000 | $4,205,000 | $524,000 | $997,000 |
| Other Purpose | 6 | $4,580,000 | $763,000 | $1,805,000 | $182,000 | $322,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 57 | $44,415,000 | $779,000 | $5,005,000 | $272,000 | $1,483,000 |
| Not applicable | 34 | $90,230,000 | $2,653,000 | $9,425,000 | $0 | $0 |
| Hispanic | 19 | $8,025,000 | $422,000 | $665,000 | $113,000 | $176,000 |
| Asian | 7 | $2,935,000 | $419,000 | $795,000 | $218,000 | $687,000 |
| Not Provided | 7 | $7,135,000 | $1,019,000 | $2,345,000 | $413,000 | $1,172,000 |
| Black or African American | 5 | $2,455,000 | $491,000 | $675,000 | $184,000 | $467,000 |
| 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) | 129 | $155,195,000 | $1,203,000 | $9,425,000 | $241,000 | $1,483,000 |
| 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 | 104 | $130,300,000 | $1,252,000 | $9,425,000 | $241,000 | $1,483,000 |
| Loan Purchased By The Institution | 9 | $12,155,000 | $1,350,000 | $3,495,000 | $0 | $0 |
| Application Denied By Financial Institution | 6 | $6,160,000 | $1,026,000 | $2,405,000 | $307,000 | $1,172,000 |
| Application Withdrawn By Applicant | 6 | $3,690,000 | $615,000 | $1,505,000 | $219,000 | $330,000 |
| File Closed For Incompleteness | 3 | $2,215,000 | $738,000 | $1,255,000 | $181,000 | $236,000 |
| Application Approved But Not Accepted | 1 | $675,000 | $675,000 | $675,000 | $155,000 | $155,000 |
| 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 | 129 | $155,195,000 | $1,203,000 | $9,425,000 | $241,000 | $1,483,000 |
| 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 2024 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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