Banks | Primis Bank

Primis Bank


Primis Bank is an FDIC insured institution headquartered at 1665 Tappahannock Blvd, 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 - March 30, 2025

SAVINGS RATES APY MIN
SAV
4.35% $1 Compare

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57968
Date Established 2005
Assets $ 4.02 billion
Loans $ 3.38 billion
Deposits $ 3.33 billion
Capital $ 456.70 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 77.93 million
Interest-bearing balances $ 57.95 million
Total securities $ 252.31 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.38 billion
Loan loss allowance $ 51.13 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 94.44 million
All other assets $ 132.18 million
     Total Assets $ 3.56 billion

LIABILITIES
Total deposits $ 3.33 billion
      Interest-bearing deposits $ 2.91 billion
      Deposits held in domestic offices $ 3.33 billion
      % insured (estimated)" 75.42%
Federal funds purchased and repurchase agreements $ 3.68 million
Trading liabilities N.A.
Other borrowed funds $ 25.00 million
Subordinated debt N.A.
All other liabilities $ 23.72 millionn
      Total Liabilities $ 3.56 billion
      Shareholders’ Equity $ 456.70 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 159.49 million
Total Interest Expense $ 76.29 million
Net interest income $ 83.20 million
Provision for loan and lease losses $ 17.59 million
Total non interest income $ 30.70 million
Total non interest expense $ 79.76 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.

Add Your Review


Rate it here →


Branches

Click on location and enter new zip number to change."
Your current location is: Columbus, OH

Primis Bank Locations

Other Banks to Consider