Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Peapack Private Bank & Trust of Bedminster, NJ reported 499 mortgage applications totaling $129.7 million, down 32% from 2005. The average application was for $259,901, and applicants reported an average income of $171,176. 67% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Newark-Union, NJ-PA (273), Edison, NJ (174) and New York-White Plains-Wayne, NY-NJ (26) (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 | 499 |
| Total Mortgage Loan Application Amount | $129,691,000 |
| Average Mortgage Loan Application Amount | $259,901 |
| Highest Mortgage Loan Application Amount | $4,500,000 |
| Average Applicant Income | $171,176 |
| Highest Applicant Income | $6,233,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2006
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 | 185 | $74,635,000 | $403,000 | $4,500,000 | $203,000 | $6,233,000 |
| Refinancing | 171 | $36,818,000 | $215,000 | $1,450,000 | $167,000 | $1,669,000 |
| Home Improvement | 143 | $18,238,000 | $127,000 | $1,750,000 | $135,000 | $970,000 |
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 |
|---|---|---|---|---|---|---|
| White | 316 | $68,821,000 | $217,000 | $1,750,000 | $152,000 | $1,669,000 |
| Not applicable | 76 | $28,656,000 | $377,000 | $1,500,000 | $177,000 | $3,180,000 |
| Not Provided | 73 | $24,671,000 | $337,000 | $4,500,000 | $277,000 | $6,233,000 |
| Asian | 15 | $4,618,000 | $307,000 | $504,000 | $138,000 | $233,000 |
| Hispanic | 14 | $1,807,000 | $129,000 | $240,000 | $98,000 | $203,000 |
| Black or African American | 5 | $1,118,000 | $223,000 | $432,000 | $67,000 | $135,000 |
| 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) | 499 | $129,691,000 | $259,000 | $4,500,000 | $171,000 | $6,233,000 |
| 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 | 334 | $88,993,000 | $266,000 | $4,500,000 | $176,000 | $6,233,000 |
| Loan Purchased By The Institution | 71 | $27,222,000 | $383,000 | $1,500,000 | $189,000 | $3,180,000 |
| Application Denied By Financial Institution | 46 | $5,581,000 | $121,000 | $800,000 | $104,000 | $749,000 |
| Application Approved But Not Accepted | 25 | $4,395,000 | $175,000 | $1,000,000 | $201,000 | $1,272,000 |
| Application Withdrawn By Applicant | 13 | $2,110,000 | $162,000 | $448,000 | $115,000 | $300,000 |
| File Closed For Incompleteness | 10 | $1,390,000 | $139,000 | $350,000 | $186,000 | $330,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2006 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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