Primis Bank

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Deposit Rates - April 16, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57968
Date Established 2005
Assets $ 3.09 billion
Loans $ 2.40 billion
Deposits $ 2.49 billion
Capital $ 445.81 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 198.03 million
Interest-bearing balances $ 176.63 million
Total securities $ 193.95 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.40 billion
Loan loss allowance $ 36.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.08 million
Goodwill and other intangibles $ 107.78 million
All other assets $ 145.32 million
     Total Assets $ 2.64 billion

LIABILITIES
Total deposits $ 2.49 billion
      Interest-bearing deposits $ 1,969.00 million
      Deposits held in domestic offices $ 2.49 billion
      % insured (estimated) 61.62%
Federal funds purchased and repurchase agreements $ 16.07 million
Trading liabilities N.A.
Other borrowed funds $ 100.00 million
Subordinated debt N.A.
All other liabilities $ 34.49 millionn
      Total Liabilities $ 2.64 billion
      Shareholders’ Equity $ 445.81 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 117.78 million
Total Interest Expense $ 21.80 million
Net interest income $ 95.98 million
Provision for loan and lease losses $ 19.45 million
Total non interest income $ 24.49 million
Total non interest expense $ 65.94 million
Pre-tax Net Operating Income $ 35.08 million

Primis Bank is an FDIC insured institution headquartered at 307 Church Lane, Tappahannock, VA 22560.
It was founded in 2005 and has approximately $3 billion in assets. Customers can open an account at one of its 50 branches.