VeraBank, National Association


VeraBank, National Association is an FDIC insured institution headquartered at 201 W Main St, Henderson, TX 75652.
It was founded in 1930 and has approximately $4 billion in assets. Customers can open an account at one of its 30 branches.

Deposit Rates - December 10, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3250
Date Established 1930
Assets $ 4.12 billion
Loans $ 2.78 billion
Deposits $ 3.64 billion
Capital $ 438.94 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 382.15 million
Interest-bearing balances $ 312.49 million
Total securities $ 716.63 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.78 billion
Loan loss allowance $ 34.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.13 million
Goodwill and other intangibles $ 34.42 million
All other assets $ 102.80 million
     Total Assets $ 3.68 billion

LIABILITIES
Total deposits $ 3.64 billion
      Interest-bearing deposits $ 2.68 billion
      Deposits held in domestic offices $ 3.64 billion
      % insured (estimated) 74.50%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 24.40 millionn
      Total Liabilities $ 3.68 billion
      Shareholders’ Equity $ 438.94 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 103.35 million
Total Interest Expense $ 32.23 million
Net interest income $ 71.12 million
Provision for loan and lease losses $ 2.10 million
Total non interest income $ 19.72 million
Total non interest expense $ 55.44 million
Pre-tax Net Operating Income $ 24.03 million

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Branches

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VeraBank, National Association Locations