Verabank Mortgage Rates, Fees & Info

Henderson, TX

LEI: 54930087FQP1S845Z665

Tax ID: 75-0187835

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & 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 by origination volume include: Longview, Tyler, College Station, Austin, and Corsicana among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Verabank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Verabank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.54% 12/16/24
    30 Year Conventional Refi 6.52% 12/16/24
    30 Year Cash-out Refi 6.69% 12/16/24
    30 Year VA Purchase 6.29% 12/16/24
    30 Year USDA Purchase 7.03% 12/16/24
    15 Year Conventional Purchase 5.80% 12/16/24
    15 Year Conventional Refi 6.25% 12/16/24
    15 Year Cash-out Refi 6.25% 12/16/24
    15 Year FHA Purchase 5.68% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Verabank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Verabank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    749

    Origination Dollar Volume (All Markets)

    $164,995,000

    Employee count

    452 Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    LONGVIEW, TX (FHA|USDA|VA) 223 $37,265,000 $167,108 $3,023 4.01%
    TYLER, TX (FHA|USDA|VA) 131 $32,395,000 $247,290 $4,125 3.80%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 37 $15,895,000 $429,595 $4,006 4.16%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 28 $14,710,000 $525,357 $4,006 3.56%
    Corsicana, TX (FHA|USDA|VA) 54 $9,260,000 $171,481 $2,815 3.86%
    Athens, TX (FHA|USDA|VA) 56 $9,030,000 $161,250 $4,111 4.31%
    Palestine, TX (FHA|USDA|VA) 37 $8,585,000 $232,027 $3,637 3.76%
    Outside of Metro Areas 53 $8,295,000 $156,509 $3,337 4.13%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 32 $6,220,000 $194,375 $3,291 4.32%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 16 $5,740,000 $358,750 $4,921 4.08%
    Lufkin, TX (FHA|USDA|VA) 23 $3,605,000 $156,739 $3,604 3.72%
    Huntsville, TX (FHA|USDA|VA) 13 $2,425,000 $186,538 $3,070 3.49%
    Jacksonville, TX (FHA|USDA|VA) 11 $2,405,000 $218,636 $3,668 3.70%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,925,000 $275,000 $4,341 3.20%
    Breckenridge, CO (FHA|USDA|VA) 1 $1,575,000 $1,575,000 $10,134 3.85%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $1,150,000 $575,000 $7,336 3.50%
    Mount Pleasant, TX (FHA|USDA|VA) 7 $1,025,000 $146,429 $2,835 4.07%
    Georgetown, SC (FHA|USDA|VA) 1 $485,000 $485,000 $3,238 2.75%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $475,000 $158,333 $2,940 4.72%
    Kerrville, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.50%
    Nacogdoches, TX (FHA|USDA|VA) 3 $385,000 $128,333 $4,751 3.91%
    WACO, TX (FHA|USDA|VA) 2 $370,000 $185,000 $3,013 5.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $355,000 $118,333 $2,437 4.09%
    MIDLAND, TX (FHA|USDA|VA) 1 $275,000 $275,000 $3,027 3.13%
    Heber, UT (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.49%
    Stephenville, TX (FHA|USDA|VA) 1 $235,000 $235,000 $2,520 2.50%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,058 3.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,015 3.49%
    Verabank's top markets include Longview, Tyler, College Station, Austin, and Corsicana among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against VeraBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Cooperative Teachers Credit Union
    Similarity Rank: 112
    EAST TEXAS PROFESSIONAL Credit Union
    Similarity Rank: 442
    KELLY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 567
    United Heritage Credit Union
    Similarity Rank: 657
    RESIDENTIAL BANCORP
    Similarity Rank: 1392
    AAXY L.L.C.
    Similarity Rank: 1449
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 1480
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1824
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1832
    Shea Mortgage Inc.
    Similarity Rank: 1848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 737 $162,875,000 $220,997 $3,469 3.96%
    USDA 9 $1,495,000 $166,111 $5,670 3.81%
    VA 3 $625,000 $208,333 $6,762 3.33%

    For 2020, Verabank's most frequently originated type of loan was Conventional, with 737 originations. Their 2nd most popular type was USDA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 416 $88,270,000 $212,188 $3,879 4.12%
    Refi 237 $63,845,000 $269,388 $3,154 3.70%
    Cash Out Refi 48 $9,300,000 $193,750 $4,327 3.01%
    Home Improvement 39 $2,875,000 $73,718 $1,517 4.74%
    Other 9 $705,000 $78,333 $1,643 4.98%

    For 2020, Verabank's most frequently cited loan purpose was Home Purchase, with 416 originations. The 2nd most popular reason was Refi, with 237 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 334 $83,140,000 $248,922 $3,976 3.49%
    15 Year 246 $37,120,000 $150,894 $2,770 4.23%
    20 Year 81 $20,465,000 $252,654 $2,526 4.44%
    10 Year 34 $8,430,000 $247,941 $2,269 4.27%
    Other 28 $10,070,000 $359,643 $5,839 4.54%
    1 Year 10 $1,870,000 $187,000 $0 5.37%
    5 Year 8 $1,520,000 $190,000 $1,429 4.87%
    30+ year 7 $1,975,000 $282,143 $7,765 3.97%
    3 Year 1 $405,000 $405,000 $0 4.00%

    For 2020, Verabank's most frequently cited loan duration was 30 Year, with 334 originations. The 2nd most popular length was 15 Year, with 246 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 307 $40,465,000 $131,808
    $1k-2k 183 $45,795,000 $250,246
    $2k-3k 47 $18,655,000 $396,915
    $3k-4k 14 $7,000,000 $500,000
    $5k+ 6 $6,130,000 $1,021,667
    $4k-5k 5 $2,675,000 $535,000

    Verabank's average total fees were $3,976, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 307 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 223 $51,465,000 $230,785
    3-4% 213 $53,465,000 $251,009
    2.5-3% 134 $32,610,000 $243,358
    5-6% 71 $9,765,000 $137,535
    <2.5% 70 $14,380,000 $205,429
    6-7% 30 $2,720,000 $90,667
    7-8% 6 $390,000 $65,000
    Over 8% 1 $105,000 $105,000

    During 2020, Verabank's average interest rate for loans was 3.49%, while their most frequently originated rate bucket for loans was 4-5%, with 223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 266 $37,900,000 $142,481 $3,107 3.79%
    $200k-400k 214 $58,210,000 $272,009 $4,023 3.49%
    $100,000 or less 191 $12,425,000 $65,052 $1,874 4.75%
    $400k-600k 48 $22,700,000 $472,917 $6,085 3.62%
    $1MM+ 15 $22,285,000 $1,485,667 $10,023 4.00%
    $600k-1MM 15 $11,475,000 $765,000 $7,453 4.31%

    2020 saw Verabank place emphasis on $100k-200k loans with 266 originations, totaling $37,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 136 $17,800,000 $130,882 $2,973 4.02%
    $100k-150k 130 $26,680,000 $205,231 $3,453 3.71%
    $150k-250k 113 $28,235,000 $249,867 $4,423 3.82%
    $50k or less 100 $10,210,000 $102,100 $2,699 4.22%
    $75k-100k 99 $17,325,000 $175,000 $3,339 3.66%
    $250k+ 66 $30,090,000 $455,909 $5,460 3.80%

    Verabank lent most frequently to those with incomes in the $50k-75k range, with 136 originations. The second most popular income band? $100k-150k, with 130 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 162 $33,890,000 $209,198 $3,611 3.63%
    30-36% 110 $21,170,000 $192,455 $3,367 3.84%
    <20% 68 $13,980,000 $205,588 $4,015 3.91%
    42% 40 $7,640,000 $191,000 $3,556 3.88%
    37% 33 $6,435,000 $195,000 $3,556 3.63%
    41% 26 $5,240,000 $201,538 $3,230 4.48%
    43% 23 $4,215,000 $183,261 $3,467 3.47%
    39% 22 $4,170,000 $189,545 $3,339 3.98%
    44% 20 $5,820,000 $291,000 $3,858 3.72%
    47% 18 $4,110,000 $228,333 $4,024 3.58%
    40% 17 $2,415,000 $142,059 $2,831 4.37%
    36% 17 $2,845,000 $167,353 $3,059 3.72%
    38% 14 $2,680,000 $191,429 $3,246 4.14%
    45% 10 $2,050,000 $205,000 $3,668 3.60%
    48% 9 $1,965,000 $218,333 $4,373 3.26%
    46% 8 $1,680,000 $210,000 $3,137 4.14%
    >60% 6 $1,680,000 $280,000 $2,916 5.58%
    49% 4 $1,230,000 $307,500 $4,563 3.56%
    50-60% 1 $355,000 $355,000 $5,233 3.75%

    Verabank lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 569 $114,945,000 $202,012 $3,506 3.88%
    Not applicable 87 $31,215,000 $358,793 $0 4.73%
    Not provided 62 $12,110,000 $195,323 $3,847 3.65%
    Black 17 $4,595,000 $270,294 $3,160 3.52%
    Asian 11 $1,835,000 $166,818 $3,299 3.84%
    American Indian 2 $200,000 $100,000 $1,865 5.95%
    Native Hawaiian or Islander 1 $95,000 $95,000 $2,750 2.13%

    Approval Rates

    Total approvals of all applications
    81.92%

    Verabank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.43%

    Verabank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 749 $164,995,000 $220,287

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $275,000 $275,000
    Multifamily:Site-Built 18 $18,430,000 $1,023,889
    Single Family (1-4 Units):Manufactured 12 $1,160,000 $96,667
    Single Family (1-4 Units):Site-Built 718 $145,130,000 $202,131

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $5,810,000 $126,304 $1,743 4.48%
    40-60% 120 $26,390,000 $219,917 $3,215 3.71%
    60-80% 280 $74,240,000 $265,143 $3,718 3.81%
    80-100% 281 $56,575,000 $201,335 $3,915 4.07%
    Over 100% 2 $350,000 $175,000 $13,768 4.31%
    Under 20% 20 $1,630,000 $81,500 $1,429 4.61%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Verabank, National Association 3412 4th St. Longview, TX 75605 Full Service B&M $40,081
    Verabank, National Association 100 East Main Florence, TX 76527 Full Service B&M $119,732
    Verabank, National Association 100 North Main Street Corsicana, TX 75110 Full Service B&M $167,071
    Verabank, National Association 101 North Mckinney Street Mexia, TX 76667 Full Service B&M $23,929
    Verabank, National Association 105 Highway 31 East Chandler, TX 75758 Full Service B&M $68,243
    Verabank, National Association 107 Market Square Boulevard Tyler, TX 75703 Full Service B&M $44,560
    Verabank, National Association 109 East Broadway Jefferson, TX 75657 Full Service B&M $69,686
    Verabank, National Association 110 West Rust Street Mount Enterprise, TX 75681 Full Service B&M $29,325
    Verabank, National Association 1100 Williams Drive Georgetown, TX 78628 Full Service B&M $62,838
    Verabank, National Association 1101 South White Oak Road White Oak, TX 75693 Full Service B&M $57,132
    Verabank, National Association 115 West Royall Boulevard Malakoff, TX 75148 Full Service B&M $24,170
    Verabank, National Association 120 North Gray Street Killeen, TX 76541 Full Service B&M $107,452
    Verabank, National Association 13601 W. Hwy. 29 Liberty Hill, TX 78642 Full Service B&M $37,402
    Verabank, National Association 165 North Hill Street Tatum, TX 75691 Full Service B&M $23,613
    Verabank, National Association 1708 East End Boulevard North Marshall, TX 75670 Full Service B&M $69,492
    Verabank, National Association 1718 Eleventh Street Huntsville, TX 77340 Full Service B&M $124,986
    Verabank, National Association 200 N. Fredonia St. Longview, TX 75601 Full Service B&M $37,979
    Verabank, National Association 201 West Main Street Henderson, TX 75653 Full Service B&M $577,748
    Verabank, National Association 207 West Spring Street Palestine, TX 75801 Full Service B&M $104,842
    Verabank, National Association 2201 E. Stan Schlueter Loop, Suite B Killeen, TX 76542 Full Service Retail $9,346
    Verabank, National Association 2217 W Grande Blvd Tyler, TX 75703 Full Service B&M $43,183
    Verabank, National Association 2320 Highway 79 South Henderson, TX 75652 Full Service B&M $58,752
    Verabank, National Association 302 North Jefferson Street Mount Pleasant, TX 75455 Full Service B&M $61,581
    Verabank, National Association 345 E. Fm 2410 Harker Heights, TX 76548 Full Service B&M $39,675
    Verabank, National Association 3590 West 7th Avenue Corsicana, TX 75110 Full Service B&M $34,674
    Verabank, National Association 3957 Raleigh Dr Temple, TX 76502 Full Service B&M $23,854
    Verabank, National Association 410 North Kilgore Street Kilgore, TX 75662 Full Service B&M $64,111
    Verabank, National Association 415 South First Street Lufkin, TX 75901 Full Service B&M $53,827
    Verabank, National Association 4282 Boonville Rd, Ste 200 Bryan, TX 77802 Full Service B&M $15,924
    Verabank, National Association 5001 Estes Parkway Longview, TX 75603 Full Service B&M $35,939
    Verabank, National Association 601 Spur 156 Waskom, TX 75692 Full Service B&M $44,006
    Verabank, National Association 620 West Front Street Tyler, TX 75702 Full Service B&M $16,463
    Verabank, National Association 739 E Tyler St Athens, TX 75751 Full Service B&M $71,134
    Verabank, National Association 800 Gilmer Road Longview, TX 75604 Full Service B&M $22,233
    Verabank, National Association 805 South John Redditt Drive Lufkin, TX 75904 Full Service B&M $55,105
    Verabank, National Association 902 Palm Valley Dr. Round Rock, TX 78664 Full Service B&M $60,277

    For 2020, Verabank had 36 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $93,730
    Net interest income $84,217
    Total noninterest income $31,216
    Gross Fiduciary activities income $5,193
    Service charges on deposit accounts $7,562
    Trading account gains and fees $0
    Additional Noninterest Income $18,461
    Pre-tax net operating income $33,993
    Securities gains (or losses, -) $2,173
    Income before extraordinary items $29,656
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $29,656
    Minority interest net income $0
    Net income $29,656
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $27,874

    Verabank's gross interest income from loans was $93,730,000.
    Verabank's net interest income from loans was $84,217,000.
    Verabank's fee based income from loans was $7,562,000.
    Verabank's net income from loans was $29,656,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,513
    Provision for credit losses $10,864
    Total noninterest expense $70,576
    Salaries and employee benefits $40,750
    Premises and equipment expense $10,257
    Additional noninterest expense $19,569
    Applicable income taxes $6,510
    Net charge-offs $1,060
    Cash dividends $4,758

    Verabank's interest expense for loans was $9,513,000.
    Verabank's payroll and benefits expense were $40,750,000.
    Verabank's property, plant and equipment expenses $10,257,000.

    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 $2,617,498
    Deposits held in domestic offices $2,617,498
    Deposits by Individuals, partnerships, and corporations $2,313,293
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $299,215
    Deposits by Commercial banks and other depository institutions in U.S. $4,991
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $73,837
    Demand deposits $73,806
    Nontransaction accounts $2,543,662
    Money market deposit accounts (MMDAs) $1,378,206
    Other savings deposits (excluding MMDAs) $932,695
    Total time deposits $232,760
    Total time and savings deposits $2,543,693
    Noninterest-bearing deposits $737,005
    Interest-bearing deposits $1,880,493
    Retail deposits $2,570,115
    IRAs and Keogh plan accounts $44,297
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,976,083
    Cash & Balances due from depository institutions $546,055
    Interest-bearing balances $487,364
    Total securities $684,179
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,569,528
    Loan and leases loss allowance $26,711
    Trading account assets $0
    Bank premises and fixed assets $58,094
    Other real estate owned $1,392
    Goodwill and other intangibles $38,115
    All other assets $78,720

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,976,083
    Total Liabilities $2,642,096
    Total deposits $2,617,498
    Interest-bearing deposits $1,880,493
    Deposits held in domestic offices $2,617,498
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $24,598

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,569,528
    Loan and leases loss allowance $26,711
    Total loans and leases (domestic) $1,596,239
    All real estate loans $1,174,020
    Real estate loans in domestic offices $1,174,020
    Construction and development loans $167,401
    Residential 1-4 family construction $45,237
    Other construction, all land development and other land $122,164
    Loans secured by nonfarm nonresidential properties $539,639
    Nonfarm nonresidential secured by owner-occupied properties $215,888
    Commercial real estate & other non-farm, non-residential $323,751
    Multifamily residential real estate $36,209
    1-4 family residential loans $395,197
    Farmland loans $35,574
    Loans held in foreign offices $0
    Farm loans $12,827
    Commercial and industrial loans $297,284
    To non-U.S. addressees $0
    Loans to individuals $80,405
    Credit card loans $0
    Related Plans $712
    Consumer Auto Loans $43,932
    Other loans to individuals $35,761
    All other loans & leases $31,703
    Loans to foreign governments and official institutions $0
    Other loans $13,073
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,141
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6,440
    Non 1-4 family restructured loans & leases $6,356
    Total loans and leases (foreign) $0

    VeraBank had $1,569,528,000 of loans outstanding in 2020. $1,174,020,000 of loans were in real estate loans. $167,401,000 of loans were in development loans. $36,209,000 of loans were in multifamily mortgage loans. $395,197,000 of loans were in 1-4 family mortgage loans. $12,827,000 of loans were in farm loans. $0 of loans were in credit card loans. $43,932,000 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 716 $147,774 $206,388
    Nonfarm, nonresidential loans - <$100k 181 $8,348 $46,122
    Nonfarm, nonresidential loans - $100-250k 272 $34,747 $127,746
    Nonfarm, nonresidential loans - $250k-1MM 263 $104,679 $398,019
    Commercial & Industrial, US addressed loans - <$1MM 4,587 $227,701 $49,641
    Commercial & Industrial, US addressed loans - <$100k 3,821 $84,922 $22,225
    Commercial & Industrial, US addressed loans - $100-250k 524 $60,393 $115,254
    Commercial & Industrial, US addressed loans - $250k-1MM 242 $82,386 $340,438
    Farmland loans - <$1MM 213 $17,058 $80,085
    Farmland loans - <$100k 141 $5,555 $39,397
    Farmland loans - $100-250k 59 $7,527 $127,576
    Farmland loans - $250k-1MM 13 $3,976 $305,846
    Agriculture operations loans - <$1MM 495 $12,472 $25,196
    Agriculture operations loans - <$100k 466 $9,080 $19,485
    Agriculture operations loans - $100-250k 22 $2,115 $96,136
    Agriculture operations loans - $250k-1MM 7 $1,277 $182,429