Overview / Commentary
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: 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.
Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57968 |
| Year Established | 2005 |
| Employees | 480 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 5.07% |
| Annual Interest Income | $54.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $3.23B$3.40B |
| Loans | Q2 2022vs Q2 2021 | $2.61B$2.26B |
| Deposits | Q2 2022vs Q2 2021 | $2.70B$2.79B |
| Equity Capital | Q2 2022vs Q2 2021 | $472.6MM$467.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $30.2MM$31.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $18.8MM$13.2MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $1.0MM$1.3MM |
