Primis


Overview / Commentary
804-443-6353
307 Church Lane
Tappahannock, VA 22560

Primis is headquartered in Tappahannock and is the 10th largest bank in the state of Virginia. It is also the 360th largest bank in the nation. It was established in 2005 and as of June of 2022, it had grown to 480 employees at 38 locations. Primis' savings rates are 7X the national average, and it has a B+ health rating.

Reviews (1)

Sonabank Problems

Posted by: |

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.



Health
B+

Health Grade Components

Overall
FDIC Certificate #57968
Year Established2005
Employees480
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD5.07%
Annual Interest Income$54.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$3.23B$3.40B
LoansQ2 2022vs Q2 2021$2.61B$2.26B
DepositsQ2 2022vs Q2 2021$2.70B$2.79B
Equity CapitalQ2 2022vs Q2 2021$472.6MM$467.9MM
Loan Loss AllowanceQ2 2022vs Q2 2021$30.2MM$31.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$18.8MM$13.2MM
Real Estate OwnedQ2 2022vs Q2 2021$1.0MM$1.3MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Primis Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%--Primis Savings Account
0.10%--Statement Savings

Primis Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$250k*-Business Money Market
OTHER TIERS: 0.30% Up to $25k | 0.50% $25k - $100k | 0.80% $100k - $250k

Primis Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$1-Primis Premium - Online Only
Locations

Availability



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