Primary Bank

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Deposit Rates - February 28, 2021

CD RATES APY MIN MAX
6 Mo CD
0.45% $1,000 - Compare
12 Mo CD
0.65% $1,000 - Compare
18 Mo CD
0.70% $1,000 - Compare
24 Mo CD
0.75% $1,000 - Compare
36 Mo CD
0.85% $1,000 - Compare
48 Mo CD
1.04% $1,000 - Compare
60 Mo CD
1.15% $1,000 - Compare
MM RATES APY MIN MAX
Money Market
0.65% $0 - Compare

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 59086
Date Established 2015
Assets $ 532.04 million
Loans $ 442.17 million
Deposits $ 457.90 million
Capital $ 51.18 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 82.50 million
Interest-bearing balances $ 81.87 million
Total securities $ 1.33 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 442.17 million
Loan loss allowance $ 4.04 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 3.93 million
     Total Assets $ 480.86 million

LIABILITIES
Total deposits $ 457.90 million
      Interest-bearing deposits $ 317.97 million
      Deposits held in domestic offices $ 457.90 million
      % insured (estimated) 64.09%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 20.42 million
Subordinated debt N.A.
All other liabilities $ 2.54 millionn
      Total Liabilities $ 480.86 million
      Shareholders’ Equity $ 51.18 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 11.92 million
Total Interest Expense $ 2.78 million
Net interest income $ 9.15 million
Provision for loan and lease losses $ 1.18 million
Total non interest income $ 0.24 million
Total non interest expense $ 5.69 million
Pre-tax Net Operating Income $ 2.51 million

Primary Bank is an FDIC insured institution headquartered at 207 Route 101, Bedford, NH 3110.
It was founded in 2015 and has approximately $1 billion in assets. Customers can open an account at one of its 1 branches.