Primis

Overview / Commentary

804-443-6353

307 Church Lane
Tappahannock, VA 22560

Primis is headquartered in Tappahannock and is the 11^th largest bank in the state of Virginia. It is also the 365^th largest bank in the nation. It was established in 2005 and as of March of 2022, it had grown to 421 employees at 43 locations. Primis' money market rates are 14% higher than the national average, and it has an A health rating.

View all posts from:

2020
2018
2008
Earlier

4/8 - Kasasa Rate Drop On Checking To 1.75%

8/22 - Kasasa Checking Amt Increase From 10K To 25K

12/30 - 3.75% 7-Month CD & 3.85% 13-Month CD at Greater Atlantic Bank in MD & VA

6/2/07 - 5.64% 6-Month CD at a Virginia Bank (Sonabank)

Reviews (1)

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Sonabank Problems

Posted by: CRollins | Jul 12, 2016

This bank is probably ripe for an audit from state and federal regulators, the FBI and the IRS. The problems I have had with them are serious and their arrogance is alarming. I am of the opinion that they do not play by the rules and I hope that some agency notices - sooner rather than later.

Comment

Health

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57968
Year Established	2005
Employees	421
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.7%
Return on Equity - YTD	4.85%
Annual Interest Income	$26.5MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$3.22B$3.33B
Loans	Q1 2022vs Q1 2021	$2.36B$2.36B
Deposits	Q1 2022vs Q1 2021	$2.71B$2.73B
Equity Capital	Q1 2022vs Q1 2021	$474.8MM$455.3MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$29.4MM$34.9MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$14.1MM$11.5MM
Real Estate Owned	Q1 2022vs Q1 2021	$1.0MM$2.3MM

Rates

Skip to rates for:

Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Primis; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Primis Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	Statement Savings

Primis Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$250k^*	-	Money Market Checking
OTHER TIERS: 0.15% → Up to $25k \| 0.25% → $25k - $100k \| 0.35% → $100k - $250k

Primis Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$10k^*	-	Primis+ Checking
OTHER TIERS: 0.15% → Up to $10k

Primis CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	$1k	-	24 Month Certificate of Deposit
0.40%	$1k	-	36 Month Certificate of Deposit
0.40%	$1k	-	60 Month Certificate of Deposit
0.40%	$1k	-	48 Month Certificate of Deposit
0.20%	$1k	-	12 Month Certificate of Deposit

Locations

Availability

Richmond Area

Richmond Area bank & credit union details

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