Primis Bank is an FDIC insured institution headquartered at
307 N Church Ln, Tappahannock, VA 22560.
It was founded in
2005 and has approximately $4 billion in
assets. Customers can open an account at one of its 50 branches.
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 57968
Date Established
2005
Assets
$ 3.87 billion
Loans
$ 3.24 billion
Deposits
$ 3.32 billion
Capital
$ 459.68 million
Summary Balance Sheet as of June 30, 2023
ASSETS
Cash & Balances due from depository institutions
$ 82.32 million
Interest-bearing balances
$ 65.11 million
Total securities
$ 240.07 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 3.24 billion
Loan loss allowance
$ 34.04 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 95.42 million
All other assets
$ 132.18 million
Total Assets
$ 3.41 billion
LIABILITIES
Total deposits
$ 3.32 billion
Interest-bearing deposits
$ 2.93 billion
Deposits held in domestic offices
$ 3.32 billion
% insured (estimated)
65.51%
Federal funds purchased and repurchase agreements
$ 3.04 million
Trading liabilities
N.A.
Other borrowed funds
$ 25.00 million
Subordinated debt
N.A.
All other liabilities
$ 23.72 millionn
Total Liabilities
$ 3.41 billion
Shareholders’ Equity
$ 459.68 million
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES
Total Interest Income
$ 205.65 million
Total Interest Expense
$ 86.90 million
Net interest income
$ 118.76 million
Provision for loan and lease losses
$ 14.37 million
Total non interest income
$ 38.07 million
Total non interest expense
$ 120.46 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
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.
Branches
Click on location and enter new zip number to change.
Your current location is: Columbus, OH
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.