VeraBank, National Association
Henderson, Texas, Rusk County
$4.6B in total assets, the 312th largest of 4,309 US banks and 23rd of 352 headquartered in Texas.
- FDIC certificate
- 3250
- Established
- 1930
- Owned by
- Verabank Inc
- Primary regulator
- OCC
- Website
- www.verabank.com
At a glance
Compared with 77 banks headquartered in Texas with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.6B | 88% | $2.2B | |
| Loans | $2.8B | 88% | $1.3B | |
| Deposits | $4.0B | 88% | $1.7B | |
| Return on assets | 1.54% | 51% | 1.53% | |
| Net interest margin | 4.27% | 66% | 3.95% | |
| Efficiency ratio | 57.4% | 48% | 57.5% | |
| Equity to assets | 11.39% | 58% | 10.59% | |
| Loans to deposits | 70% | 25% | 80% |
Growth
Total assets grew 6.9% a year over the last 5 years and 10.7% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Aug 2021 | Panola National Bank Carthage, TX, an affiliate under the same holding company | $134M |
| Nov 2018 | Union State Bank Florence, TX, an affiliate under the same holding company | $467M |
| Nov 2016 | Kilgore National Bank Kilgore, TX, an affiliate under the same holding company | $85M |
| Sep 2013 | The East Texas National Bank of Palestine Palestine, TX, an affiliate under the same holding company | $165M |
| Feb 2013 | White Oak State Bank White Oak, TX, an affiliate under the same holding company | $97M |
| Oct 2001 | Peoples State Bank Henderson, TX, an affiliate under the same holding company | $60M |
| Dec 1998 | Jefferson National Bank Jefferson, TX | $33M |
| Jul 1998 | First State Bank Waskom, TX, an affiliate under the same holding company | $27M |
| Jan 1992 | Merchants State Bank Mount Enterprise, TX | $24M |
| Jun 1990 | General Savings Association Henderson, TX | $37M |
Where they operate
42 branches in 20 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Rusk County, TX | $664M | 55.4% | 1 of 6 |
| Williamson County, TX | $424M | 3.3% | 8 of 39 |
| Gregg County, TX | $356M | 7.9% | 4 of 23 |
| Smith County, TX | $265M | 2.9% | 10 of 28 |
| Travis County, TX | $245M | 0.5% | 21 of 56 |
| Navarro County, TX | $240M | 21.7% | 2 of 10 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 13 branches since 2016 (29 to 42, +44.8%). 10 opened, 11 acquired, 8 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 29 | |||
| 2016 | Acquired Kilgore National BankClosed Corsicana and Huntsville | 1 | 2 | −1 | 28 |
| 2018 | Acquired Union State Bank | 8 | 0 | +8 | 36 |
| 2019 | Opened Bryan | 1 | 0 | +1 | 37 |
| 2020 | Closed Overton | 0 | 1 | −1 | 36 |
| 2021 | Acquired Panola National BankOpened College Station, closed Bryan and Marshall | 3 | 2 | +1 | 37 |
| 2022 | Opened 3 in TexasClosed Longview | 3 | 1 | +2 | 39 |
| 2023 | Opened Bastrop and GeorgetownClosed Georgetown and Lufkin | 2 | 2 | 0 | 39 |
| 2025 | Opened Brenham and College Station | 2 | 0 | +2 | 41 |
| 2026 through Q2 | Opened Austin | 1 | 0 | +1 | 42 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 35% | 39% | |
| 1-4 family residential | 33% | 20% | |
| Business (C&I) | 13% | 15% | |
| Construction and land | 10% | 13% | |
| Multifamily | 3% | 3% | |
| Consumer | 3% | 2% | |
| Farmland | 2% | 3% | |
| Agricultural | 0% | 1% | |
| Other | 1% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 54% | 48% | |
| Noninterest-bearing | 30% | 26% | |
| Time deposits | 15% | 26% |
Brokered deposits are 0.0% of deposits (peers 4.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.95% | 0.42% |
| Net charge-offs, annualized | 0.10% | 0.04% |
| Reserves to loans | 1.24% | 1.20% |
| Leverage ratio | 11.03% | 10.79% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Texas
Largest competitors in Rusk County, TX
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/verabank