Primis Bank
Primis Bank is an FDIC insured institution headquartered at
307 N Church Ln, Tappahannock, VA 22560.
It was founded in
0000 and has approximately $4 billion in
assets. Customers can open an account at one of its 50 branches.
Deposit Rates - October 4, 2023
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
SAV
|
5.07% | $1 | Compare |
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Overview 2023
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 57968 |
| Date Established | 0000 |
| Assets | $ 3.84 billion |
| Loans | $ 3.19 billion |
| Deposits | $ 3.33 billion |
| Capital | $ 467.23 million |
Summary Balance Sheet as of June 30, 2023
| ASSETS | |
| Cash & Balances due from depository institutions | $ 102.23 million |
| Interest-bearing balances | $ 86.35 million |
| Total securities | $ 235.47 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 3.19 billion |
| Loan loss allowance | $ 38.41 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 107.22 million |
| All other assets | $ 132.18 million |
| Total Assets | $ 3.37 billion |
| LIABILITIES | |
| Total deposits | $ 3.33 billion |
| Interest-bearing deposits | $ 2.93 billion |
| Deposits held in domestic offices | $ 3.33 billion |
| % insured (estimated) | 65.43% |
| Federal funds purchased and repurchase agreements | $ 3.92 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 25.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 23.72 millionn |
| Total Liabilities | $ 3.37 billion |
| Shareholders’ Equity | $ 467.23 million |
Summary Income Statement as of June 30, 2023
| INCOME AND EXPENSES | |
| Total Interest Income | $ 99.67 million |
| Total Interest Expense | $ 41.92 million |
| Net interest income | $ 57.74 million |
| Provision for loan and lease losses | $ 9.49 million |
| Total non interest income | $ 20.02 million |
| Total non interest expense | $ 57.30 million |
| Pre-tax Net Operating Income | $ 15.39 million |
Customer Reviews for Primis Bank (2)
Rated 1.00 stars out of 5 - based on 2 reviews
Branches
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Your current location is: Ashburn, VA
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Primis Bank Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1ONLINE SAVINGSBank-$50,000N.A.5.07%30.36x (National Avg. - 0.17%)$1-SCENARIO
Year Rate
5.07%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,535 1,775 2 52,535 2,664 1,864 3 55,199 2,799 1,959 4 57,997 2,940 2,058 5 60,938 3,090 2,163 6 64,027 3,246 2,272 7 67,273 3,411 2,388 8 70,684 3,584 2,509 9 74,268 3,765 2,636 10 78,033 3,956 2,769 11 81,989 4,157 2,910 12 86,146 4,368 3,057 13 90,514 4,589 3,212 14 95,103 4,822 3,375 15 99,925 5,066 3,546 16 104,991 5,323 3,726 17 110,314 5,593 3,915 18 115,907 5,876 4,114 19 121,783 6,174 4,322 20 127,958 6,487 4,541 TOTAL $84,445 $59,111 - 2LOCAL SAVINGSOnline Bank-$50,000N.A.4.30%25.75x (National Avg. - 0.17%)$0-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237
Tracy1969
April 29, 2023 |
Primis's online savings account is a half-baked product that isn't ready for market. They brought this live and expect their customers to be these beta testers. I'd choose something else.
TedY
February 21, 2023 |
A bank that lowers its rate a week after launching in an environment where every bank is raising cannot be trusted, ever. Customer service sucks as well. Stay far away.