Primis is headquartered in Tappahannock and is the 11th largest bank in the state of Virginia. It is also the 365th 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.
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.
Overall | |
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FDIC Certificate # | 57968 |
Year Established | 2005 |
Employees | 421 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 0.7% |
Return on Equity - YTD | 4.85% |
Annual Interest Income | $26.5MM |
Assets and Liabilities | ||
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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 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | - | - | Statement Savings |
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $10k* | - | Primis+ Checking | ||
OTHER TIERS: 0.15% → Up to $10k |