Applications / Mortgage Analytics / Lenders / New Jersey / Somerset Regal Bank
Bound Brook, NJ · State non-member bank · FDIC · $1.1 billion assets · 201 loans in 2025
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201
loans originated, 2025
242
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Somerset Regal Bank, a New Jersey bank renamed after its 2023 merger with Regal Bank, makes large home-purchase loans and raised its loan count 63% in 2025.
Its loans rose 63%, from 123 to 201, faster than nearly all similar lenders: state non-member banks making between half and twice as many loans, whose typical growth was 10%. It merged with Regal Bank in 2023, when it made 70 loans; a bigger combined bank may account for some of the rise since. It filed no report for 2021, a gap in the record rather than a year without lending.
Its typical loan was $425,000, against $175,000 at the typical similar bank, larger than at about nineteen in twenty of them. None of its loans was jumbo (larger than the conforming limit). Purchases made up 59.7% of its lending.
Low- and moderate-income (LMI) borrowers took 9.4% of its loans, against 28.0% at the typical similar bank, among the lowest shares in the group. Loans of this size tend to go to people who earn more, which may explain much of that. Its share in majority-minority neighborhoods, 28.9%, was higher than at nearly nine in ten peers, whose typical share was 6.7%.
It bought 96 loans in 2024 and none in 2025. Whether that reflects a change of policy cannot be told from the filings.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Somerset Regal Bank took 242 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 59.7% · Refinance 32.3% · Other 6.5% · Home improvement 1.5%
Conventional 100.0% · of 201 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New Jersey | 201 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Newark | 74 |
| Lakewood-New Brunswick | 72 |
| New York-Jersey City-White Plains | 37 |
| Camden | 7 |
| Allentown-Bethlehem-Easton | 6 |
| Trenton-Princeton | 4 |
| Wilmington | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300B201Z415GE5E85 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 159971 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 42343 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 328778 | 2011–2017 |
Established 1 January 1887. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Somerset Regal Bank's data.
Somerset Regal Bank's data
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