Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Peapack Private Bank & Trust of Bedminster, NJ reported 738 mortgage applications totaling $232.2 million, up 40% from 2004. The average application was for $314,578, and applicants reported an average income of $143,409. 49% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Newark-Union, NJ-PA (384), Edison, NJ (252) and Trenton-Ewing, NJ (20) (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 | 738 |
| Total Mortgage Loan Application Amount | $232,159,000 |
| Average Mortgage Loan Application Amount | $314,578 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $143,409 |
| Highest Applicant Income | $2,496,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2005
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 | 402 | $154,045,000 | $331,333 | $2,500,000 | $112,666 | $2,496,000 |
| Refinancing | 222 | $65,388,000 | $294,000 | $1,875,000 | $142,000 | $836,000 |
| Home Improvement | 114 | $12,726,000 | $68,500 | $750,000 | $117,000 | $883,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 324 | $119,150,000 | $277,000 | $1,800,000 | $57,500 | $2,109,000 |
| White | 296 | $79,216,000 | $413,666 | $2,500,000 | $194,666 | $2,496,000 |
| Not Provided | 99 | $27,984,000 | $266,500 | $1,875,000 | $108,500 | $2,027,000 |
| Asian | 10 | $2,656,000 | $265,000 | $799,000 | $115,000 | $401,000 |
| Hispanic | 7 | $2,826,000 | $403,000 | $1,850,000 | $200,000 | $566,000 |
| Black or African American | 1 | $160,000 | $160,000 | $160,000 | $89,000 | $89,000 |
| American Indian or Alaskan Native | 1 | $167,000 | $167,000 | $167,000 | $122,000 | $122,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 738 | $232,159,000 | $281,333 | $2,500,000 | $128,333 | $2,496,000 |
| 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 | 359 | $102,512,000 | $235,500 | $2,500,000 | $74,500 | $2,496,000 |
| Loan Purchased By The Institution | 308 | $111,655,000 | $362,000 | $1,500,000 | $145,000 | $2,109,000 |
| Application Denied By Financial Institution | 31 | $5,203,000 | $98,500 | $1,700,000 | $103,000 | $293,000 |
| Application Approved But Not Accepted | 22 | $7,065,000 | $321,000 | $1,500,000 | $147,000 | $621,000 |
| Application Withdrawn By Applicant | 11 | $3,644,000 | $331,000 | $1,000,000 | $138,000 | $550,000 |
| Preapproval Approved but not Accepted | 5 | $1,800,000 | $262,500 | $950,000 | $110,500 | $319,000 |
| File Closed For Incompleteness | 2 | $280,000 | $140,000 | $220,000 | $137,000 | $200,000 |
| 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 2005 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.
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