Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Peapack Private Bank & Trust of Bedminster, NJ reported 368 mortgage applications totaling $136.4 million, up 11% from 2007. The average application was for $370,562, and applicants reported an average income of $182,032. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Newark-Union, NJ-PA (207), Edison-New Brunswick, NJ (134) and Allentown-Bethlehem-Easton, PA-NJ (10) (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 | 368 |
| Total Mortgage Loan Application Amount | $136,367,000 |
| Average Mortgage Loan Application Amount | $370,562 |
| Highest Mortgage Loan Application Amount | $12,000,000 |
| Average Applicant Income | $182,032 |
| Highest Applicant Income | $3,955,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 148 | $73,876,000 | $499,000 | $12,000,000 | $178,000 | $1,357,000 |
| Refinancing | 148 | $43,922,000 | $296,000 | $2,737,000 | $171,000 | $2,308,000 |
| Home Improvement | 72 | $18,569,000 | $257,000 | $1,500,000 | $213,000 | $3,955,000 |
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 | 260 | $77,572,000 | $298,000 | $2,737,000 | $184,000 | $3,955,000 |
| Not Provided | 74 | $28,883,000 | $390,000 | $3,500,000 | $198,000 | $1,251,000 |
| Asian | 14 | $5,239,000 | $374,000 | $706,000 | $166,000 | $509,000 |
| Not applicable | 11 | $22,970,000 | $2,088,000 | $12,000,000 | $142,000 | $1,156,000 |
| Hispanic | 7 | $1,394,000 | $199,000 | $390,000 | $60,000 | $134,000 |
| Black or African American | 2 | $309,000 | $154,000 | $204,000 | $94,000 | $120,000 |
| 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) | 368 | $136,367,000 | $370,000 | $12,000,000 | $182,000 | $3,955,000 |
| 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 | 292 | $115,509,000 | $395,000 | $12,000,000 | $190,000 | $3,955,000 |
| Application Approved But Not Accepted | 40 | $12,391,000 | $309,000 | $1,200,000 | $196,000 | $1,357,000 |
| Application Denied By Financial Institution | 22 | $3,596,000 | $163,000 | $900,000 | $94,000 | $553,000 |
| Application Withdrawn By Applicant | 9 | $3,763,000 | $418,000 | $1,400,000 | $139,000 | $215,000 |
| File Closed For Incompleteness | 3 | $867,000 | $289,000 | $417,000 | $53,000 | $120,000 |
| Preapproval Denied by Financial Institution | 2 | $241,000 | $120,000 | $135,000 | $36,000 | $45,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 2008 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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