Primis


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

Primis is headquartered in Tappahannock and is the 11th largest bank in the state of Virginia. It is also the 343rd largest bank in the nation. It was established in 2005 and as of March of 2021, it had grown to 385 employees at 45 locations. Primis' money market rates are 14% higher than the national average, and it boasts an A+ 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
A+

Health Grade Components

Overall
FDIC Certificate #57968
Year Established2005
Employees385
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD9.53%
Annual Interest Income$30.3MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$3.33B$2.76B
LoansQ1 2021vs Q1 2020$2.36B$2.20B
DepositsQ1 2021vs Q1 2020$2.73B$2.08B
Equity CapitalQ1 2021vs Q1 2020$455.3MM$424.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$34.9MM$12.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$11.5MM$6.1MM
Real Estate OwnedQ1 2021vs Q1 2020$2.3MM$5.9MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Statement Savings

Primis Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Primis+ Checking
OTHER TIERS: 0.15% Up to $10k

Primis CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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



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