VeraBank

Overview / Commentary

www.verabank.com

877-566-2621

201 W Main St
Henderson, TX 75652

VeraBank is headquartered in HENDERSON and is the 28^th largest bank in the state of Texas. It is also the 320^th largest bank in the nation. It was established in 1930 and as of June of 2024, it had grown to 540 employees at 40 locations. VeraBank's money market rates are 10X the national average, and it has an A health rating.

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Health

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	3250
Year Established	1930
Employees	540
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.31%
Return on Equity - YTD	12.52%
Annual Interest Income	$103.3MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$4.12B$4.48B
Loans	Q2 2024vs Q2 2023	$2.78B$2.54B
Deposits	Q2 2024vs Q2 2023	$3.64B$3.55B
Equity Capital	Q2 2024vs Q2 2023	$438.9MM$402.5MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$34.5MM$32MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$8.2MM$7MM
Real Estate Owned	Q2 2024vs Q2 2023	$127K$0

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not VeraBank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

VeraBank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$100	-	Statement Savings
0.10%	$0	-	Launch Savings

VeraBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.59%^*	$15m^*	-	Platinum Money Market
OTHER TIERS: 0.25% → $0 - $25k \| 0.75% → $25k - $100k \| 1.00% → $100k - $250k \| 1.26% → $250k - $1m \| 3.82% → $1m - $5m \| 4.33% → $5m - $15m
0.10%^*	$1.5k^*	-	Money Market Savings
OTHER TIERS: 0.05% → $0 - $1.5k

VeraBank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	$50k^*	-	Elite Checking
OTHER TIERS: 0.05% → $5k - $50k

VeraBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.24%^*	$250k^*	-	24 Month CD
OTHER TIERS: 2.73% → $1k - $10k \| 2.98% → $10k - $250k
3.14%^*	$250k^*	-	18 Month CD
OTHER TIERS: 2.63% → $1k - $10k \| 2.88% → $10k - $250k
3.09%^*	$250k^*	-	12 Month CD
OTHER TIERS: 2.57% → $1k - $10k \| 2.83% → $10k - $250k
2.93%^*	$250k^*	-	36 Month CD
OTHER TIERS: 2.42% → $1k - $10k \| 2.68% → $10k - $250k
2.78%^*	$250k^*	-	6 Month CD
OTHER TIERS: 2.26% → $1k - $10k \| 2.53% → $10k - $250k
2.68%^*	$250k^*	-	60 Month CD
OTHER TIERS: 2.17% → $1k - $10k \| 2.42% → $10k - $250k

Locations

Availability

Tyler Area

Tyler Area bank & credit union details

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