Primis Bank


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.

Deposit Rates - April 18, 2024

SAVINGS RATES APY MIN
SAV
5.07% $1 Compare

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
  • 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.

  • 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.


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