Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Peapack Private Bank & Trust of Bedminster, NJ reported 521 mortgage applications totaling $691.5 million, down 35% from 2021. The average application was for $1,327,226, and applicants reported an average income of $201,557. 86% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Newark, NJ-PA (211), New York-Newark, NY (139) and New York-Jersey City-White Plains, NY-NJ (91) (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 | 521 |
| Total Mortgage Loan Application Amount | $691,485,000 |
| Average Mortgage Loan Application Amount | $1,327,226 |
| Highest Mortgage Loan Application Amount | $30,505,000 |
| Average Applicant Income | $201,557 |
| Highest Applicant Income | $1,902,000 |
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records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 266 | $175,120,000 | $658,000 | $28,355,000 | $161,000 | $1,902,000 |
| Refinancing | 104 | $451,460,000 | $4,340,000 | $30,505,000 | $229,000 | $796,000 |
| Cash-out Refinancing | 102 | $48,790,000 | $478,000 | $3,975,000 | $275,000 | $1,902,000 |
| Home Improvement | 26 | $10,440,000 | $401,000 | $4,005,000 | $258,000 | $1,724,000 |
| Other Purpose | 22 | $5,540,000 | $251,000 | $2,305,000 | $155,000 | $412,000 |
| Not Applicable | 1 | $135,000 | $135,000 | $135,000 | $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 | 246 | $88,780,000 | $360,000 | $2,305,000 | $212,000 | $1,724,000 |
| Not applicable | 140 | $542,050,000 | $3,871,000 | $30,505,000 | $0 | $0 |
| Hispanic | 72 | $27,370,000 | $380,000 | $2,405,000 | $121,000 | $1,405,000 |
| Asian | 25 | $14,185,000 | $567,000 | $3,975,000 | $210,000 | $766,000 |
| Not Provided | 21 | $9,115,000 | $434,000 | $995,000 | $167,000 | $350,000 |
| Black or African American | 13 | $3,415,000 | $262,000 | $595,000 | $78,000 | $163,000 |
| 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) | 521 | $691,485,000 | $1,327,000 | $30,505,000 | $196,000 | $1,902,000 |
| 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 | 448 | $652,490,000 | $1,456,000 | $30,505,000 | $195,000 | $1,902,000 |
| Application Withdrawn By Applicant | 32 | $10,050,000 | $314,000 | $1,195,000 | $135,000 | $572,000 |
| Application Denied By Financial Institution | 22 | $7,190,000 | $326,000 | $2,005,000 | $185,000 | $1,500,000 |
| Application Approved But Not Accepted | 11 | $9,325,000 | $847,000 | $4,875,000 | $446,000 | $1,518,000 |
| File Closed For Incompleteness | 6 | $11,170,000 | $1,861,000 | $8,205,000 | $191,000 | $478,000 |
| Loan Purchased By The Institution | 2 | $1,260,000 | $630,000 | $1,125,000 | $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 | 499 | $684,295,000 | $1,371,000 | $30,505,000 | $197,000 | $1,902,000 |
| Debt-To-Income Ratio | 13 | $5,965,000 | $458,000 | $2,005,000 | $225,000 | $1,500,000 |
| Collateral | 4 | $350,000 | $87,000 | $235,000 | $93,000 | $154,000 |
| Credit History | 3 | $355,000 | $118,000 | $275,000 | $217,000 | $320,000 |
| Other | 1 | $495,000 | $495,000 | $495,000 | $66,000 | $66,000 |
| Employment History | 1 | $25,000 | $25,000 | $25,000 | $130,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2022 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