Overview / Commentary
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 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.

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 Grade Components

FDIC Certificate #57968
Year Established2005
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD4.85%
Annual Interest Income$26.5MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$3.22B$3.33B
LoansQ1 2022vs Q1 2021$2.36B$2.36B
DepositsQ1 2022vs Q1 2021$2.71B$2.73B
Equity CapitalQ1 2022vs Q1 2021$474.8MM$455.3MM
Loan Loss AllowanceQ1 2022vs Q1 2021$29.4MM$34.9MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$14.1MM$11.5MM
Real Estate OwnedQ1 2022vs Q1 2021$1.0MM$2.3MM
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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

0.10%--Statement Savings

Primis Money Market Rates

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

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

Primis CD Rates

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


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