Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, Peapack Private Bank & Trust of Bedminster, NJ reported 845 mortgage applications totaling $506.1 million, up 62% from 2019. The average application was for $598,881, and applicants reported an average income of $225,065. 84% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Newark, NJ-PA (371), New York-Newark, NY (282) and New York-Jersey City-White Plains, NY-NJ (67) (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 | 845 |
| Total Mortgage Loan Application Amount | $506,055,000 |
| Average Mortgage Loan Application Amount | $598,881 |
| Highest Mortgage Loan Application Amount | $23,405,000 |
| Average Applicant Income | $225,065 |
| Highest Applicant Income | $9,414,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 377 | $292,995,000 | $777,000 | $13,005,000 | $290,000 | $9,414,000 |
| Home Purchase | 290 | $141,780,000 | $488,000 | $23,405,000 | $146,000 | $686,000 |
| Cash-out Refinancing | 160 | $67,360,000 | $421,000 | $4,505,000 | $217,000 | $4,200,000 |
| Home Improvement | 10 | $3,340,000 | $334,000 | $1,505,000 | $295,000 | $765,000 |
| Other Purpose | 8 | $580,000 | $72,000 | $195,000 | $105,000 | $275,000 |
| 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 | 568 | $217,870,000 | $383,000 | $5,005,000 | $228,000 | $5,135,000 |
| Not applicable | 92 | $221,280,000 | $2,405,000 | $23,405,000 | $0 | $0 |
| Not Provided | 67 | $22,945,000 | $342,000 | $1,305,000 | $202,000 | $805,000 |
| Hispanic | 44 | $13,280,000 | $301,000 | $585,000 | $93,000 | $375,000 |
| Asian | 37 | $20,885,000 | $564,000 | $5,805,000 | $470,000 | $9,414,000 |
| Black or African American | 33 | $8,595,000 | $260,000 | $585,000 | $93,000 | $403,000 |
| American Indian or Alaskan Native | 2 | $840,000 | $420,000 | $425,000 | $202,000 | $247,000 |
| 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) | 843 | $505,195,000 | $599,000 | $23,405,000 | $224,000 | $9,414,000 |
| FHA-insured (Federal Housing Administration) | 2 | $860,000 | $430,000 | $485,000 | $116,000 | $116,000 |
| 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 | 711 | $403,775,000 | $567,000 | $23,405,000 | $215,000 | $9,414,000 |
| Application Withdrawn By Applicant | 61 | $48,705,000 | $798,000 | $10,705,000 | $150,000 | $603,000 |
| Application Denied By Financial Institution | 37 | $28,065,000 | $758,000 | $7,205,000 | $369,000 | $5,135,000 |
| Application Approved But Not Accepted | 21 | $20,225,000 | $963,000 | $12,355,000 | $314,000 | $2,267,000 |
| File Closed For Incompleteness | 15 | $5,285,000 | $352,000 | $655,000 | $430,000 | $3,385,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $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 | 808 | $477,990,000 | $591,000 | $23,405,000 | $217,000 | $9,414,000 |
| Collateral | 16 | $9,300,000 | $581,000 | $3,755,000 | $543,000 | $5,135,000 |
| Debt-To-Income Ratio | 9 | $5,575,000 | $619,000 | $2,225,000 | $96,000 | $144,000 |
| Other | 7 | $10,225,000 | $1,460,000 | $7,205,000 | $344,000 | $780,000 |
| Credit History | 3 | $1,805,000 | $601,000 | $1,005,000 | $156,000 | $305,000 |
| Unverifiable Information | 2 | $1,160,000 | $580,000 | $695,000 | $256,000 | $256,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2020 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About