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

Jump to:

  • 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: Austin, Longview, Tyler, Athens, and College Station among others. We have data for 32 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% 4/28/24
    30 Year Conventional Refi 6.52% 4/28/24
    30 Year Cash-out Refi 6.69% 4/28/24
    30 Year VA Purchase 6.29% 4/28/24
    30 Year USDA Purchase 7.03% 4/28/24
    15 Year Conventional Purchase 5.80% 4/28/24
    15 Year Conventional Refi 6.25% 4/28/24
    15 Year Cash-out Refi 6.25% 4/28/24
    15 Year FHA Purchase 5.68% 4/28/24
    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

    826

    Origination Dollar Volume (All Markets)

    $259,110,000

    Employee count

    466

    Awards

    VeraBank 30 Year Conventional Loans gold VeraBank 30 Year Conventional Loans silver VeraBank 30 Year Conventional Loans bronze
    Show all (3) 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
    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.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Colorado (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.

    EAST TEXAS PROFESSIONAL Credit Union
    Similarity Rank: 369
    AMOCO
    Similarity Rank: 405
    United Heritage Credit Union
    Similarity Rank: 636
    KELLY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 832
    American Momentum Bank
    Similarity Rank: 1089
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1512
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1968
    TEXAS BAY
    Similarity Rank: 2076
    UNION SQUARE
    Similarity Rank: 2220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Verabank's most frequently originated type of loan was Conventional, with 813 originations. Their 2nd most popular type was USDA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Verabank's most frequently cited loan purpose was Home Purchase, with 478 originations. The 2nd most popular reason was 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 2021, Verabank's most frequently cited loan duration was 30 Year, with 347 originations. The 2nd most popular length was 15 Year, with 207 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 16 $8,400,000 $525,000
    $5k+ 10 $10,050,000 $1,005,000
    $4k-5k 9 $5,625,000 $625,000

    Verabank's average total fees were $4,498, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.18%, while their most frequently originated rate bucket for loans was 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 applications
    86.46%

    Verabank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.63%

    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 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
    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 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

    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