Peapack Private Bank & Trust
Headquarters
500 Hills Drive Suite 300
Bedminster, NJ 07921
See all branch locations →
2025 Overview
General Bank Information
Peapack Private Bank & Trust is an FDIC insured institution located in Bedminster, NJ. It was founded in 1921 and has approximately $6.79 billion in assets. Customers can open an account at one of its 23 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 11035 |
| Date Established | 1921 |
| Assets | $ 6.79 billion |
| Loans | $ 5.25 billion |
| Deposits | $ 5.96 billion |
| Capital | $ 716.18 million |
For a more detailed analysis of Peapack Private Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - January 10, 2025
Your Current Location: Ohio, OH 43085
Loan Rates - January 10, 2025
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.50% | 5.50% | Varies | |
Compare with 6.99 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
||||
| 10 Year Loan
See Table |
4.88% | 4.88% | $1,054.56 | |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Jumbo See Amortization Table |
6.11% | 6.25% | $1,970.30 | |
| 5 Year Adjustable Conforming See Amortization Table |
6.91% | 6.91% | $2,110.09 | |
| 15 Year Fixed Conforming See Amortization Table |
7.04% | 6.65% | $2,814.18 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.12% | 7.12% | $2,153.96 | |
| 30 Year Fixed Conforming See Amortization Table |
7.56% | 7.18% | $2,167.58 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Jumbo See Amortization Table |
6.11% | 6.25% | $1,970.30 | |
| 5 Year Adjustable Conforming See Amortization Table |
6.91% | 6.91% | $2,110.09 | |
| 15 Year Fixed Conforming See Amortization Table |
7.04% | 6.65% | $2,814.18 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.12% | 7.12% | $2,153.96 | |
Compare with 6.632% APR and 6.500% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
||||
| 30 Year Fixed Conforming See Amortization Table |
7.56% | 7.18% | $2,167.58 | |
|
Compare with 6.632% APR and 6.500% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Peapack Private Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Peapack Private Bank & Trust Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 432.08 | A | View Lobby Hours | |
| 437.67 | B | View Lobby Hours | |
| 438.82 | C | View Lobby Hours | |
| 439.62 | D | View Lobby Hours | |
| 439.97 | E | View Lobby Hours | |
| 441.74 | F | View Lobby Hours | |
| 442.95 | G | View Lobby Hours | |
| 444.24 | H | View Lobby Hours | |
| 444.46 | I | View Lobby Hours | |
| 444.92 | J | View Lobby Hours | |
| 445.38 | K | View Lobby Hours | |
| 448.27 | L | View Lobby Hours | |
| 448.73 | M | View Lobby Hours | |
| 450.11 | N | View Lobby Hours | |
| 450.50 | O | View Lobby Hours | |
| 452.98 | P | View Lobby Hours | |
| 455.51 | Q | View Lobby Hours | |
| 458.13 | R | View Lobby Hours | |
| 459.70 | S | View Lobby Hours | |
| 460.81 | T | View Lobby Hours |
Climate Policy and Initiatives
Peapack Private Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Peapack Private Bank & Trust Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Peapack Private Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Peapack Private Bank & Trust | U.S. Bank Average |
|---|---|
| 10.22% | 4.62% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of September 30, 2024, Peapack Private Bank & Trust had $80,453,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $716,178,000 in equity and $71,283,000 in loans loss reserves. That gives it a Texas Ratio of 10.22%.
Return on Equity
| Peapack Private Bank & Trust | U.S. Bank Average |
|---|---|
| 5.34% | 10.02% |
Peapack Private Bank & Trust has a Return on Equity of 5.34% versus the BestCashCow average of 10.02%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Peapack Private Bank & Trust | U.S. Bank Average |
|---|---|
| 10.55% | 11.29% |
Peapack Private Bank & Trust has a Capitalization of 10.55% versus the BestCashCow average of 11.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Peapack Private Bank & Trust Balance Sheet Analysis
As of September 30, 2024, Peapack Private Bank & Trust had assets of $6,788,585,000, loans of $5,248,884,000, and deposits of $5,955,459,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
September 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 492.66 million |
| Interest-bearing balances | $ 484.53 million |
| Total securities | $ 799.32 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 5.25 billion |
| Loan loss allowance | $ 71.28 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 46.97 million |
| All other assets | $ 119.63 million |
| Total Assets | $ 6.07 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 5.96 billion |
| Interest-bearing deposits | $ 4.86 billion |
| Deposits held in domestic offices | $ 5.96 billion |
| % insured (estimated) | 69.76% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 5.31 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 88.41 million |
| Total Liabilities | $ 6.07 billion |
| Shareholders’ Equity | $ 716.18 million |
Summary Income Statement
September 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 241.64 million |
| Total Interest Expense | $ 129.49 million |
| Net interest income | $ 112.15 million |
| Provision for loan and lease losses | $ 5.76 million |
| Total non interest income | $ 58.87 million |
| Total non interest expense | $ 126.86 million |
| Pre-tax Net Operating Income | $ 56.13 million |
Bank Loan Profile?
The top three loan types in Peapack Private Bank & Trust’s loan portfolio are Multifamily Mortgages, Commercial Real Estate, and Commercial and Industrial Loans.
Compared to other banks in New Jersey, Peapack Private Bank & Trust has a significantly higher percent of Multifamily Mortgages, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 10.52 | ✓ | ||
| Multifamily Mortgages |
35.76 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.90 | ✓ | ||
| Construction and Development Loans | 0.39 | ✓ | ||
| Commercial Real Estate | 25.19 | ✓ | ||
| Commercial and Industrial Loans | 19.20 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Peapack Private Bank & Trust
Alborriello
March 8, 2021 |
Worst bank ever. I been a loyal on time excellent credit for over 10 years. I recently asked them to modify my loan until I recover from my recent and future surgeries. So they refused me and sold my loan to another bank that doesn't offer refi or modifications so now I'm in a jam. They cause me a great deal of anxiety and had to go to a cardiologist for my health issues.
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