Peapack-gladstone Bank Mortgage Rates, Fees & Info
Bedminster, NJLEI: 549300FZJCP0WM3QJH15
Tax ID: 22-2491488
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Overview
Peapack-gladstone Bank is a smaller bank specializing in Refi loans. Peapack-gladstone Bank has a high proportion of conventional loans. Their top markets include New York, Philadelphia, Allentown, Miami, and Trenton among others. Peapack-gladstone Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Peapack-gladstone Bank is typically an average fee lendor.Originations
701Origination Dollar Volume (All Markets)
$915,685,000Employee count
485Awards
Peapack-Gladstone Bank - 2021
Peapack-Gladstone Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Peapack-Gladstone Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Peapack-gladstone Bank's average 30 year fixed rate mortgage of loans were
2.76%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.39%.
Relative Fees
Peapack-gladstone Bank's average total fees for a 30 year fixed rate
mortgage are $4,719.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 596 | $821,620,000 | $1,378,557 | $4,383 | 2.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 16 | $26,780,000 | $1,673,750 | $4,310 | 3.01% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 11 | $15,625,000 | $1,420,455 | $3,334 | 2.56% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $10,280,000 | $856,667 | $8,280 | 2.52% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 17 | $6,795,000 | $399,706 | $3,960 | 2.43% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $6,505,000 | $6,505,000 | $0 | 3.40% |
| DOVER, DE (FHA|USDA|VA) | 1 | $5,505,000 | $5,505,000 | $0 | 3.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $4,190,000 | $2,095,000 | $2,483 | 2.94% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $2,670,000 | $667,500 | $5,697 | 2.65% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $4,136 | 2.29% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $3,180 | 2.55% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $4,861 | 2.94% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $4,984 | 2.87% |
| Outside of Metro Areas | 2 | $910,000 | $455,000 | $5,463 | 2.44% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $3,805 | 2.78% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 3.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $5,048 | 2.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,621 | 2.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,975 | 2.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,437 | 2.63% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,960 | 2.12% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,379 | 2.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,443 | 2.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,356 | 2.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,806 | 2.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,000 | 2.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,514 | 2.88% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,399 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,659 | 2.50% |
| Tifton, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,735 | 2.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,892 | 3.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,789 | 2.38% |
| Rutland, VT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,494 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,503 | 2.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,606 | 2.63% |
Peapack-gladstone Bank's top markets include New York, Philadelphia, Allentown, Miami, and Trenton among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 701 | $915,685,000 | $1,306,255 | $4,404 | 2.73% |
For the 2021 period, Peapack-gladstone Bank's most frequently originated loan type of loans were Conventional, with 701 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 313 | $663,365,000 | $2,119,377 | $3,421 | 2.78% |
| Home Purchase | 201 | $176,185,000 | $876,542 | $5,477 | 2.75% |
| Cash Out Refi | 177 | $72,915,000 | $411,949 | $4,472 | 2.59% |
| Other | 6 | $2,620,000 | $436,667 | $4,573 | 3.46% |
| Home Improvement | 4 | $600,000 | $150,000 | $1,268 | 3.41% |
For the 2021, Peapack-gladstone Bank's most frequently cited loan purpose of loans were Refi, with 313 originations. The 2nd most popular reason of loans were Home Purchase, with 201 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 320 | $142,610,000 | $445,656 | $4,719 | 2.76% |
| Other | 183 | $364,375,000 | $1,991,120 | $5,052 | 2.78% |
| 15 Year | 85 | $28,575,000 | $336,176 | $3,174 | 2.13% |
| 10 Year | 78 | $335,810,000 | $4,305,256 | $2,032 | 3.19% |
| 20 Year | 28 | $9,000,000 | $321,429 | $3,087 | 2.50% |
| 5 Year | 6 | $22,130,000 | $3,688,333 | $0 | 3.48% |
| 3 Year | 1 | $13,185,000 | $13,185,000 | $0 | 4.25% |
For the 2021, Peapack-gladstone Bank's most frequently cited loan length of loans were 30 Year, with 320 originations. The 2nd most popular length of loans were Other, with 183 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 477 | $197,085,000 | $413,176 |
| $3k-4k | 35 | $13,065,000 | $373,286 |
| $1k-2k | 31 | $8,005,000 | $258,226 |
| $2k-3k | 15 | $5,575,000 | $371,667 |
| $5k+ | 10 | $5,170,000 | $517,000 |
$4,719 of loans were Peapack-gladstone Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 477 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 289 | $118,125,000 | $408,737 |
| 2.5-3% | 231 | $96,165,000 | $416,299 |
| 3-4% | 178 | $687,590,000 | $3,862,865 |
| 4-5% | 2 | $13,200,000 | $6,600,000 |
| 5-6% | 1 | $605,000 | $605,000 |
During 2021, Peapack-gladstone Bank's average interest rate of loans were 2.76%, while their most frequently originated rate bucket of loans were <2.5%, with 289 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 260 | $77,030,000 | $296,269 | $3,985 | 2.58% |
| $400k-600k | 150 | $71,790,000 | $478,600 | $5,052 | 2.61% |
| $1MM+ | 145 | $713,755,000 | $4,922,448 | $9,548 | 3.26% |
| $100k-200k | 79 | $12,215,000 | $154,620 | $2,963 | 2.46% |
| $600k-1MM | 55 | $40,215,000 | $731,182 | $5,809 | 2.74% |
| $100,000 or less | 12 | $680,000 | $56,667 | $1,925 | 2.99% |
2021 saw Peapack-gladstone Bank place emphasis on $200k-400k loans with 260 originations, totaling $77,030,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 125 | $85,265,000 | $682,120 | $5,467 | 2.55% |
| $150k-250k | 105 | $39,535,000 | $376,524 | $3,953 | 2.54% |
| $100k-150k | 97 | $34,665,000 | $357,371 | $4,067 | 2.59% |
| $75k-100k | 82 | $24,400,000 | $297,561 | $3,568 | 2.53% |
| $50k-75k | 57 | $13,295,000 | $233,246 | $3,431 | 2.66% |
| $50k or less | 20 | $2,410,000 | $120,500 | $2,714 | 2.69% |
Peapack-gladstone Bank lent most frequently to those with incomes in the $250k+ range, with 125 originations. The second most popular income band? $150k-250k, with 105 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 150 | $59,520,000 | $396,800 | $4,360 | 2.59% |
| 30-36% | 131 | $55,445,000 | $423,244 | $4,433 | 2.56% |
| <20% | 71 | $33,815,000 | $476,268 | $5,078 | 2.54% |
| 43% | 22 | $7,800,000 | $354,545 | $4,157 | 2.62% |
| 36% | 21 | $6,905,000 | $328,810 | $3,663 | 2.61% |
| 46% | 20 | $6,880,000 | $344,000 | $4,735 | 2.77% |
| 44% | 18 | $6,310,000 | $350,556 | $3,885 | 2.67% |
| 42% | 16 | $5,200,000 | $325,000 | $3,976 | 2.55% |
| 45% | 15 | $5,595,000 | $373,000 | $4,015 | 2.68% |
| 37% | 15 | $6,635,000 | $442,333 | $5,072 | 2.65% |
| 47% | 14 | $4,560,000 | $325,714 | $3,817 | 2.59% |
| 48% | 14 | $4,970,000 | $355,000 | $3,760 | 2.49% |
| 38% | 14 | $6,680,000 | $477,143 | $4,989 | 2.65% |
| 39% | 12 | $3,660,000 | $305,000 | $4,226 | 2.41% |
| 41% | 11 | $4,115,000 | $374,091 | $4,344 | 2.66% |
| 40% | 11 | $4,895,000 | $445,000 | $4,251 | 2.65% |
| 49% | 8 | $3,500,000 | $437,500 | $3,816 | 2.73% |
| 50-60% | 2 | $960,000 | $480,000 | $3,559 | 2.19% |
| >60% | 2 | $1,000,000 | $500,000 | $5,758 | 2.50% |
Peapack-gladstone Bank lent most frequently to those with DTI ratios of 20-30%, with 150 originations. The next most common DTI ratio? 30-36%, with 131 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 196 | $708,540,000 | $3,615,000 | $6,310 | 3.16% |
| White | 424 | $173,600,000 | $409,434 | $4,125 | 2.57% |
| Not provided | 50 | $20,500,000 | $410,000 | $4,248 | 2.59% |
| Asian | 20 | $10,290,000 | $514,500 | $5,286 | 2.59% |
| Black | 8 | $2,270,000 | $283,750 | $3,574 | 2.44% |
| Native Hawaiian | 1 | $275,000 | $275,000 | $2,763 | 2.63% |
| American Indian | 1 | $105,000 | $105,000 | $3,232 | 2.88% |
| Filipino | 1 | $105,000 | $105,000 | $2,677 | 2.25% |
Approval Rates
Total approvals of all applications96.27%
Peapack-gladstone Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.82%
Peapack-gladstone Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 701 | $915,685,000 | $1,306,255 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 701 | $915,685,000 | $1,306,255 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 64 | $31,240,000 | $488,125 | $3,522 | 2.54% |
| 40-60% | 159 | $141,675,000 | $891,038 | $3,679 | 2.57% |
| 60-80% | 349 | $690,195,000 | $1,977,636 | $4,754 | 2.85% |
| 80-100% | 115 | $47,565,000 | $413,609 | $5,185 | 2.69% |
| Under 20% | 14 | $5,010,000 | $357,857 | $2,133 | 3.02% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Peapack-Gladstone Bank | 104 Ely Rd Boonton, NJ 7005 | Full Service B&M | $15,510 |
| Peapack-Gladstone Bank | 438 High Bridge-Califon Road Califon, NJ 7830 | Full Service B&M | $130,310 |
| Peapack-Gladstone Bank | 468 Route 206 North Bedminster, NJ 7921 | Full Service B&M | $580,893 |
| Peapack-Gladstone Bank | 48 Deforest Avenue Summit, NJ 7901 | Full Service B&M | $314,698 |
| Peapack-Gladstone Bank | 500 Hills Drive Bedminster, NJ 7921 | Limited, Drive-thru | $3,271 |
| Peapack-Gladstone Bank | 500 Hills Drive Suite 300 Bedminster, NJ 7921 | Full Service B&M | $1,445,897 |
| Peapack-Gladstone Bank | 58 Mountain Boulevard Warren, NJ 7059 | Full Service B&M | $212,874 |
| Peapack-Gladstone Bank | 59 East Mill Road Long Valley, NJ 7853 | Full Service B&M | $117,311 |
| Peapack-Gladstone Bank | 619 East Main Street Bridgewater, NJ 8807 | Full Service B&M | $153,027 |
| Peapack-Gladstone Bank | 8000 Fellowship Road Basking Ridge, NJ 7920 | Full Service B&M | $18,095 |
| Peapack-Gladstone Bank | 11 Pottersville Road Pottersville, NJ 7979 | Full Service B&M | $35,934 |
| Peapack-Gladstone Bank | 169 Lamington Road Oldwick, NJ 8858 | Full Service B&M | $206,251 |
| Peapack-Gladstone Bank | 17 East Main Street Mendham, NJ 7945 | Full Service B&M | $166,917 |
| Peapack-Gladstone Bank | 189 Center St Clinton, NJ 8809 | Full Service B&M | $121,040 |
| Peapack-Gladstone Bank | 233 South Street Morristown, NJ 7960 | Full Service B&M | $405,020 |
| Peapack-Gladstone Bank | 26 Dumont Road Far Hills, NJ 7931 | Full Service B&M | $105,190 |
| Peapack-Gladstone Bank | 278 Green Village Road Green Village, NJ 7935 | Full Service B&M | $300,777 |
| Peapack-Gladstone Bank | 311 Main Street Chatham, NJ 7928 | Full Service B&M | $120,220 |
| Peapack-Gladstone Bank | 350 Main Street Chester, NJ 7930 | Full Service B&M | $120,895 |
| Peapack-Gladstone Bank | 36 Morristown Road Bernardsville, NJ 7924 | Full Service B&M | $238,672 |
| Peapack-Gladstone Bank | 417 Route 206 North Hillsborough, NJ 8844 | Full Service B&M | $132,356 |
For 2021, Peapack-gladstone Bank had 21 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $160,067 |
| Net interest income | $145,073 |
| Total noninterest income | $72,676 |
| Gross Fiduciary activities income | $52,137 |
| Service charges on deposit accounts | $1,773 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $18,766 |
| Pre-tax net operating income | $86,708 |
| Securities gains (or losses, -) | $-432 |
| Income before extraordinary items | $62,897 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $62,897 |
| Minority interest net income | $0 |
| Net income | $62,897 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $63,238 |
Peapack-gladstone Bank's gross interest income from loans was $160,067,000.
Peapack-gladstone Bank's net interest income from loans was $145,073,000.
Peapack-gladstone Bank's fee based income from loans was $1,773,000.
Peapack-gladstone Bank's net income from loans was $62,897,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $14,994 |
| Provision for credit losses | $6,475 |
| Total noninterest expense | $124,566 |
| Salaries and employee benefits | $81,864 |
| Premises and equipment expense | $17,150 |
| Additional noninterest expense | $25,552 |
| Applicable income taxes | $23,379 |
| Net charge-offs | $12,087 |
| Cash dividends | $0 |
Peapack-gladstone Bank's interest expense for loans was $14,994,000.
Peapack-gladstone Bank's payroll and benefits expense were $81,864,000.
Peapack-gladstone Bank's property, plant and equipment expenses $17,150,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $5,294,201 |
| Deposits held in domestic offices | $5,294,201 |
| Deposits by Individuals, partnerships, and corporations | $5,028,393 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $265,809 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,565,461 |
| Demand deposits | $297,152 |
| Nontransaction accounts | $3,728,741 |
| Money market deposit accounts (MMDAs) | $3,099,018 |
| Other savings deposits (excluding MMDAs) | $154,915 |
| Total time deposits | $474,808 |
| Total time and savings deposits | $4,997,050 |
| Noninterest-bearing deposits | $984,013 |
| Interest-bearing deposits | $4,310,188 |
| Retail deposits | $5,034,972 |
| IRAs and Keogh plan accounts | $56,545 |
| Brokered deposits | $118,818 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $6,077,480 |
| Cash & Balances due from depository institutions | $146,804 |
| Interest-bearing balances | $140,875 |
| Total securities | $920,118 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $4,782,115 |
| Loan and leases loss allowance | $61,697 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $36,401 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $50,573 |
| All other assets | $141,469 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $6,077,480 |
| Total Liabilities | $5,426,538 |
| Total deposits | $5,294,201 |
| Interest-bearing deposits | $4,310,188 |
| Deposits held in domestic offices | $5,294,201 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,820 |
| Subordinated debt | $0 |
| All other liabilities | $126,517 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $4,782,115 |
| Loan and leases loss allowance | $61,697 |
| Total loans and leases (domestic) | $4,843,812 |
| All real estate loans | $3,437,631 |
| Real estate loans in domestic offices | $3,437,631 |
| Construction and development loans | $24,204 |
| Residential 1-4 family construction | $4,075 |
| Other construction, all land development and other land | $20,129 |
| Loans secured by nonfarm nonresidential properties | $1,263,796 |
| Nonfarm nonresidential secured by owner-occupied properties | $252,603 |
| Commercial real estate & other non-farm, non-residential | $1,011,193 |
| Multifamily residential real estate | $1,595,866 |
| 1-4 family residential loans | $546,894 |
| Farmland loans | $6,871 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $1,019,535 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $29,441 |
| Credit card loans | $0 |
| Related Plans | $29,308 |
| Consumer Auto Loans | $37 |
| Other loans to individuals | $96 |
| All other loans & leases | $357,205 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $4,499 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,479 |
| Non 1-4 family restructured loans & leases | $2,089 |
| Total loans and leases (foreign) | $0 |
Peapack-Gladstone Bank had $4,782,115,000 of loans outstanding in 2021. $3,437,631,000 of loans were in real estate loans. $24,204,000 of loans were in development loans. $1,595,866,000 of loans were in multifamily mortgage loans. $546,894,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $37,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 193 | $56,324 | $291,834 |
| Nonfarm, nonresidential loans - <$100k | 11 | $363 | $33,000 |
| Nonfarm, nonresidential loans - $100-250k | 48 | $4,884 | $101,750 |
| Nonfarm, nonresidential loans - $250k-1MM | 134 | $51,077 | $381,172 |
| Commercial & Industrial, US addressed loans - <$1MM | 354 | $43,829 | $123,811 |
| Commercial & Industrial, US addressed loans - <$100k | 110 | $2,057 | $18,700 |
| Commercial & Industrial, US addressed loans - $100-250k | 65 | $5,374 | $82,677 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 179 | $36,398 | $203,341 |
| Farmland loans - <$1MM | 5 | $1,734 | $346,800 |
| Farmland loans - $250k-1MM | 5 | $1,734 | $346,800 |
