Verabank Mortgage Rates, Fees & Info
Henderson, TXLEI: 54930087FQP1S845Z665
Tax ID: 75-0187835
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Overview
Verabank is a smaller bank specializing in Home Purchase and Refi loans. Verabank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Austin, Longview, Tyler, Athens, and College Station among others. Verabank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Verabank is typically an average fee lendor.Originations
826Origination Dollar Volume (All Markets)
$259,110,000Employee count
466Awards
VeraBank - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Verabank's average 30 year fixed rate mortgage of loans were
3.18%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.03%.
Relative Fees
Verabank's average total fees for a 30 year fixed rate
mortgage are $4,498.
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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 67 | $66,395,000 | $990,970 | $7,240 | 3.35% |
| LONGVIEW, TX (FHA|USDA|VA) | 214 | $48,470,000 | $226,495 | $3,473 | 3.45% |
| TYLER, TX (FHA|USDA|VA) | 129 | $32,415,000 | $251,279 | $4,031 | 3.41% |
| Athens, TX (FHA|USDA|VA) | 80 | $16,030,000 | $200,375 | $4,058 | 3.98% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 39 | $15,555,000 | $398,846 | $4,923 | 3.86% |
| Outside of Metro Areas | 63 | $14,115,000 | $224,048 | $3,748 | 3.51% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 28 | $12,080,000 | $431,429 | $5,797 | 3.73% |
| WACO, TX (FHA|USDA|VA) | 14 | $12,040,000 | $860,000 | $4,849 | 4.05% |
| Corsicana, TX (FHA|USDA|VA) | 40 | $8,050,000 | $201,250 | $3,207 | 3.69% |
| Palestine, TX (FHA|USDA|VA) | 40 | $5,690,000 | $142,250 | $3,843 | 4.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 22 | $4,470,000 | $203,182 | $5,647 | 4.09% |
| Lufkin, TX (FHA|USDA|VA) | 22 | $3,770,000 | $171,364 | $3,271 | 3.95% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $3,080,000 | $513,333 | $9,853 | 4.23% |
| Jacksonville, TX (FHA|USDA|VA) | 10 | $2,440,000 | $244,000 | $3,870 | 3.48% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $2,360,000 | $393,333 | $4,474 | 3.08% |
| Mount Pleasant, TX (FHA|USDA|VA) | 16 | $2,360,000 | $147,500 | $2,922 | 3.56% |
| Huntsville, TX (FHA|USDA|VA) | 10 | $2,100,000 | $210,000 | $4,140 | 3.18% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 4.25% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $5,413 | 3.25% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $9,580 | 3.50% |
| Nacogdoches, TX (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 4.42% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $7,327 | 4.75% |
| McAlester, OK (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 4.75% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,930 | 2.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 4.29% |
| Sulphur Springs, TX (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 4.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 3.88% |
| Brenham, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 4.16% |
| Rockport, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,028 | 3.50% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.50% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,445 | 2.50% |
Verabank's top markets include Austin, Longview, Tyler, Athens, and College Station among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 813 | $256,445,000 | $315,431 | $4,147 | 3.62% |
| USDA | 7 | $985,000 | $140,714 | $4,328 | 3.30% |
| VA | 6 | $1,680,000 | $280,000 | $3,933 | 2.75% |
For the 2021 period, Verabank's most frequently originated loan type of loans were Conventional, with 813 originations. Their 2nd most popular type is USDA, with 7 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 478 | $171,820,000 | $359,456 | $4,920 | 3.73% |
| Refi | 256 | $69,900,000 | $273,047 | $3,264 | 3.42% |
| Cash Out Refi | 45 | $10,245,000 | $227,667 | $4,657 | 2.90% |
| Home Improvement | 34 | $4,760,000 | $140,000 | $2,218 | 4.37% |
| Other | 13 | $2,385,000 | $183,462 | $2,335 | 3.87% |
For the 2021, Verabank's most frequently cited loan purpose of loans were Home Purchase, with 478 originations. The 2nd most popular reason of loans were Refi, with 256 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 347 | $120,735,000 | $347,939 | $4,498 | 3.18% |
| 15 Year | 207 | $34,085,000 | $164,662 | $3,009 | 3.71% |
| 20 Year | 121 | $26,675,000 | $220,455 | $2,844 | 4.19% |
| Other | 54 | $33,160,000 | $614,074 | $4,341 | 4.08% |
| 10 Year | 38 | $6,890,000 | $181,316 | $2,733 | 3.95% |
| 30+ year | 24 | $18,450,000 | $768,750 | $9,700 | 3.23% |
| 1 Year | 17 | $3,995,000 | $235,000 | $2,665 | 4.53% |
| 5 Year | 16 | $14,980,000 | $936,250 | $1,525 | 4.45% |
| 3 Year | 2 | $140,000 | $70,000 | $0 | 5.00% |
For the 2021, Verabank's most frequently cited loan length of loans were 30 Year, with 347 originations. The 2nd most popular length of loans were 15 Year, with 207 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 308 | $69,720,000 | $226,364 |
| $1k-2k | 178 | $47,580,000 | $267,303 |
| $2k-3k | 63 | $31,545,000 | $500,714 |
| $3k-4k | 25 | $14,025,000 | $561,000 |
| $5k+ | 10 | $10,050,000 | $1,005,000 |
$4,498 of loans were Verabank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 308 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 280 | $91,270,000 | $325,964 |
| 4-5% | 241 | $70,225,000 | $291,390 |
| 2.5-3% | 189 | $68,875,000 | $364,418 |
| <2.5% | 84 | $25,830,000 | $307,500 |
| 5-6% | 27 | $2,355,000 | $87,222 |
| 6-7% | 5 | $555,000 | $111,000 |
During 2021, Verabank's average interest rate of loans were 3.18%, while their most frequently originated rate bucket of loans were 3-4%, with 280 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 261 | $37,455,000 | $143,506 | $3,081 | 3.50% |
| $200k-400k | 215 | $60,615,000 | $281,930 | $4,488 | 3.32% |
| $100,000 or less | 177 | $11,925,000 | $67,373 | $1,832 | 4.32% |
| $400k-600k | 86 | $41,970,000 | $488,023 | $6,423 | 3.39% |
| $600k-1MM | 52 | $40,420,000 | $777,308 | $5,850 | 3.49% |
| $1MM+ | 35 | $66,725,000 | $1,906,429 | $11,889 | 3.44% |
2021 saw Verabank place emphasis on $100k-200k loans with 261 originations, totaling $37,455,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 134 | $33,360,000 | $248,955 | $4,281 | 3.43% |
| $50k-75k | 122 | $19,890,000 | $163,033 | $3,296 | 3.41% |
| $75k-100k | 114 | $23,120,000 | $202,807 | $3,519 | 3.40% |
| $150k-250k | 98 | $39,540,000 | $403,469 | $5,094 | 3.44% |
| $50k or less | 98 | $10,300,000 | $105,102 | $2,696 | 3.72% |
| $250k+ | 91 | $60,235,000 | $661,923 | $7,157 | 3.23% |
Verabank lent most frequently to those with incomes in the $100k-150k range, with 134 originations. The second most popular income band? $50k-75k, with 122 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 150 | $37,490,000 | $249,933 | $4,079 | 3.31% |
| 30-36% | 130 | $32,750,000 | $251,923 | $3,818 | 3.34% |
| <20% | 75 | $29,035,000 | $387,133 | $5,000 | 3.45% |
| 38% | 34 | $6,390,000 | $187,941 | $3,770 | 3.70% |
| 39% | 27 | $8,215,000 | $304,259 | $4,092 | 3.68% |
| 40% | 27 | $5,275,000 | $195,370 | $3,684 | 3.60% |
| 42% | 24 | $5,000,000 | $208,333 | $3,904 | 3.39% |
| 36% | 24 | $7,150,000 | $297,917 | $4,460 | 3.47% |
| 37% | 24 | $5,410,000 | $225,417 | $3,142 | 3.72% |
| 41% | 20 | $4,380,000 | $219,000 | $3,543 | 3.51% |
| 43% | 20 | $4,940,000 | $247,000 | $3,669 | 3.31% |
| 44% | 17 | $4,825,000 | $283,824 | $4,467 | 3.30% |
| >60% | 15 | $9,665,000 | $644,333 | $6,864 | 3.36% |
| 47% | 12 | $4,840,000 | $403,333 | $5,156 | 3.14% |
| 45% | 11 | $2,705,000 | $245,909 | $4,436 | 3.32% |
| 50-60% | 10 | $7,300,000 | $730,000 | $6,790 | 3.27% |
| 49% | 9 | $2,185,000 | $242,778 | $4,162 | 3.25% |
| 46% | 7 | $2,395,000 | $342,143 | $4,651 | 3.64% |
| 48% | 6 | $1,530,000 | $255,000 | $4,877 | 3.29% |
Verabank lent most frequently to those with DTI ratios of 20-30%, with 150 originations. The next most common DTI ratio? 30-36%, with 130 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 556 | $159,220,000 | $286,367 | $4,190 | 3.43% |
| Not applicable | 150 | $68,560,000 | $457,067 | $0 | 4.39% |
| Not provided | 81 | $23,875,000 | $294,753 | $4,005 | 3.37% |
| Black | 28 | $5,670,000 | $202,500 | $3,753 | 3.78% |
| Asian | 6 | $1,000,000 | $166,667 | $4,103 | 3.84% |
| American Indian | 3 | $495,000 | $165,000 | $3,393 | 3.67% |
| Other Asian | 1 | $185,000 | $185,000 | $0 | 4.75% |
| Other Pacific Islander | 1 | $105,000 | $105,000 | $0 | 4.25% |
Approval Rates
Total approvals of all applications83.12%
Verabank has a below average approval rate.
Pick Rate
Approvals leading to origination75.01%
Verabank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 826 | $259,110,000 | $313,692 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 826 | $259,110,000 | $313,692 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 70 | $15,960,000 | $228,000 | $3,217 | 3.40% |
| 40-60% | 127 | $37,445,000 | $294,843 | $4,088 | 3.39% |
| 60-80% | 313 | $116,475,000 | $372,125 | $4,368 | 3.61% |
| 80-100% | 293 | $86,985,000 | $296,877 | $4,484 | 3.73% |
| Over 100% | 2 | $510,000 | $255,000 | $0 | 4.13% |
| Under 20% | 21 | $1,735,000 | $82,619 | $1,242 | 4.20% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Verabank, National Association | 100 East Main Florence, TX 76527 | Full Service B&M | $95,348 |
| Verabank, National Association | 302 North Jefferson Street Mount Pleasant, TX 75455 | Full Service B&M | $69,940 |
| Verabank, National Association | 3412 4th St. Longview, TX 75605 | Full Service B&M | $42,034 |
| Verabank, National Association | 345 E. Fm 2410 Harker Heights, TX 76548 | Full Service B&M | $61,157 |
| Verabank, National Association | 3590 West 7th Avenue Corsicana, TX 75110 | Full Service B&M | $47,359 |
| Verabank, National Association | 3957 Raleigh Dr Temple, TX 76502 | Full Service B&M | $31,502 |
| Verabank, National Association | 410 North Kilgore Street Kilgore, TX 75662 | Full Service B&M | $68,172 |
| Verabank, National Association | 415 South First Street Lufkin, TX 75901 | Full Service B&M | $61,817 |
| Verabank, National Association | 4282 Boonville Rd, Ste 200 Bryan, TX 77802 | Full Service B&M | $0 |
| Verabank, National Association | 5001 Estes Parkway Longview, TX 75603 | Full Service B&M | $45,132 |
| Verabank, National Association | 601 Spur 156 Waskom, TX 75692 | Full Service B&M | $52,252 |
| Verabank, National Association | 620 West Front Street Tyler, TX 75702 | Full Service B&M | $21,947 |
| Verabank, National Association | 739 E Tyler St Athens, TX 75751 | Full Service B&M | $83,588 |
| Verabank, National Association | 800 Gilmer Road Longview, TX 75604 | Full Service B&M | $27,331 |
| Verabank, National Association | 805 South John Redditt Drive Lufkin, TX 75904 | Full Service B&M | $68,824 |
| Verabank, National Association | 902 Palm Valley Dr. Round Rock, TX 78664 | Full Service B&M | $196,495 |
| Verabank, National Association | 115 West Royall Boulevard Malakoff, TX 75148 | Full Service B&M | $27,997 |
| Verabank, National Association | 120 North Gray Street Killeen, TX 76541 | Full Service B&M | $131,848 |
| Verabank, National Association | 13601 W. Hwy. 29 Liberty Hill, TX 78642 | Full Service B&M | $49,773 |
| Verabank, National Association | 165 North Hill Street Tatum, TX 75691 | Full Service B&M | $88,983 |
| Verabank, National Association | 1708 East End Boulevard North Marshall, TX 75670 | Full Service B&M | $94,786 |
| Verabank, National Association | 1718 Eleventh Street Huntsville, TX 77340 | Full Service B&M | $140,634 |
| Verabank, National Association | 200 N. Fredonia St. Longview, TX 75601 | Full Service B&M | $41,752 |
| Verabank, National Association | 201 West Main Street Henderson, TX 75653 | Full Service B&M | $435,371 |
| Verabank, National Association | 207 West Spring Street Palestine, TX 75801 | Full Service B&M | $129,174 |
| Verabank, National Association | 2201 E. Stan Schlueter Loop, Suite B Killeen, TX 76542 | Full Service Retail | $12,006 |
| Verabank, National Association | 2217 W Grande Blvd Tyler, TX 75703 | Full Service B&M | $74,509 |
| Verabank, National Association | 2320 Highway 79 South Henderson, TX 75652 | Full Service B&M | $61,123 |
| Verabank, National Association | 2531 Earl Rudder Freeway South College Station, TX 77845 | Full Service B&M | $42,033 |
| Verabank, National Association | 100 North Main Street Corsicana, TX 75110 | Full Service B&M | $198,070 |
| Verabank, National Association | 101 North Mckinney Street Mexia, TX 76667 | Full Service B&M | $29,078 |
| Verabank, National Association | 105 Highway 31 East Chandler, TX 75758 | Full Service B&M | $100,944 |
| Verabank, National Association | 107 Market Square Boulevard Tyler, TX 75703 | Full Service B&M | $41,545 |
| Verabank, National Association | 109 East Broadway Jefferson, TX 75657 | Full Service B&M | $84,900 |
| Verabank, National Association | 110 West Rust Street Mount Enterprise, TX 75681 | Full Service B&M | $34,251 |
| Verabank, National Association | 1100 Williams Drive Georgetown, TX 78628 | Full Service B&M | $80,649 |
| Verabank, National Association | 1101 South White Oak Road White Oak, TX 75693 | Full Service B&M | $60,879 |
For 2021, Verabank had 37 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $99,799 |
| Net interest income | $91,823 |
| Total noninterest income | $38,048 |
| Gross Fiduciary activities income | $6,238 |
| Service charges on deposit accounts | $8,396 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $23,414 |
| Pre-tax net operating income | $45,460 |
| Securities gains (or losses, -) | $1,247 |
| Income before extraordinary items | $39,492 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $39,492 |
| Minority interest net income | $0 |
| Net income | $39,492 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $38,432 |
Verabank's gross interest income from loans was $99,799,000.
Verabank's net interest income from loans was $91,823,000.
Verabank's fee based income from loans was $8,396,000.
Verabank's net income from loans was $39,492,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $7,976 |
| Provision for credit losses | $2,221 |
| Total noninterest expense | $82,190 |
| Salaries and employee benefits | $46,806 |
| Premises and equipment expense | $11,338 |
| Additional noninterest expense | $24,046 |
| Applicable income taxes | $7,215 |
| Net charge-offs | $1,224 |
| Cash dividends | $39,398 |
Verabank's interest expense for loans was $7,976,000.
Verabank's payroll and benefits expense were $46,806,000.
Verabank's property, plant and equipment expenses $11,338,000.
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 | 0.0% |
| 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 | $3,317,603 |
| Deposits held in domestic offices | $3,317,603 |
| Deposits by Individuals, partnerships, and corporations | $2,971,895 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $339,980 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,728 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $155,275 |
| Demand deposits | $155,275 |
| Nontransaction accounts | $3,162,328 |
| Money market deposit accounts (MMDAs) | $1,658,870 |
| Other savings deposits (excluding MMDAs) | $1,265,491 |
| Total time deposits | $237,967 |
| Total time and savings deposits | $3,162,328 |
| Noninterest-bearing deposits | $1,019,089 |
| Interest-bearing deposits | $2,298,514 |
| Retail deposits | $3,263,812 |
| IRAs and Keogh plan accounts | $46,352 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $3,692,383 |
| Cash & Balances due from depository institutions | $909,834 |
| Interest-bearing balances | $855,683 |
| Total securities | $659,842 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,930,483 |
| Loan and leases loss allowance | $27,708 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $70,443 |
| Other real estate owned | $1,168 |
| Goodwill and other intangibles | $37,046 |
| All other assets | $83,567 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $3,692,383 |
| Total Liabilities | $3,336,556 |
| Total deposits | $3,317,603 |
| Interest-bearing deposits | $2,298,514 |
| Deposits held in domestic offices | $3,317,603 |
| % insured (estimated) | $75 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $18,953 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,930,483 |
| Loan and leases loss allowance | $27,708 |
| Total loans and leases (domestic) | $1,958,191 |
| All real estate loans | $1,635,064 |
| Real estate loans in domestic offices | $1,635,064 |
| Construction and development loans | $330,624 |
| Residential 1-4 family construction | $83,369 |
| Other construction, all land development and other land | $247,255 |
| Loans secured by nonfarm nonresidential properties | $658,098 |
| Nonfarm nonresidential secured by owner-occupied properties | $256,750 |
| Commercial real estate & other non-farm, non-residential | $401,348 |
| Multifamily residential real estate | $40,567 |
| 1-4 family residential loans | $567,553 |
| Farmland loans | $38,222 |
| Loans held in foreign offices | $0 |
| Farm loans | $13,094 |
| Commercial and industrial loans | $196,491 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $85,670 |
| Credit card loans | $0 |
| Related Plans | $960 |
| Consumer Auto Loans | $45,154 |
| Other loans to individuals | $39,556 |
| All other loans & leases | $27,872 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $10,280 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $5,430 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,688 |
| Non 1-4 family restructured loans & leases | $1,614 |
| Total loans and leases (foreign) | $0 |
VeraBank had $1,930,483,000 of loans outstanding in 2021. $1,635,064,000 of loans were in real estate loans. $330,624,000 of loans were in development loans. $40,567,000 of loans were in multifamily mortgage loans. $567,553,000 of loans were in 1-4 family mortgage loans. $13,094,000 of loans were in farm loans. $0 of loans were in credit card loans. $45,154,000 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 | 722 | $160,762 | $222,662 |
| Nonfarm, nonresidential loans - <$100k | 175 | $7,973 | $45,560 |
| Nonfarm, nonresidential loans - $100-250k | 264 | $33,564 | $127,136 |
| Nonfarm, nonresidential loans - $250k-1MM | 283 | $119,225 | $421,290 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,962 | $151,966 | $51,305 |
| Commercial & Industrial, US addressed loans - <$100k | 2,397 | $57,454 | $23,969 |
| Commercial & Industrial, US addressed loans - $100-250k | 338 | $32,253 | $95,423 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 227 | $62,259 | $274,269 |
| Farmland loans - <$1MM | 245 | $21,129 | $86,241 |
| Farmland loans - <$100k | 155 | $6,312 | $40,723 |
| Farmland loans - $100-250k | 70 | $8,911 | $127,300 |
| Farmland loans - $250k-1MM | 20 | $5,906 | $295,300 |
| Agriculture operations loans - <$1MM | 511 | $12,723 | $24,898 |
| Agriculture operations loans - <$100k | 479 | $8,890 | $18,559 |
| Agriculture operations loans - $100-250k | 26 | $2,631 | $101,192 |
| Agriculture operations loans - $250k-1MM | 6 | $1,202 | $200,333 |
