Primis Bank
Tappahannock, Virginia, Essex County
$4.3B in total assets, the 327th largest of 4,309 US banks and 8th of 57 headquartered in Virginia.
- FDIC certificate
- 57968
- Established
- 2005
- Owned by
- Primis Financial Corp
- Primary regulator
- FED
- Website
- www.primisbank.com
At a glance
Compared with 22 banks headquartered in Virginia with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.3B | 96% | $1.8B | |
| Loans | $3.7B | 96% | $1.3B | |
| Deposits | $3.5B | 91% | $1.6B | |
| Return on assets | 1.52% | 68% | 1.19% | |
| Net interest margin | 3.61% | 46% | 3.68% | |
| Efficiency ratio | 68.0% | 86% | 59.1% | |
| Equity to assets | 11.03% | 64% | 10.33% | |
| Loans to deposits | 107% | 98% | 89% |
Growth
Total assets grew 5.0% a year over the last 5 years and 14.5% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 2017 | EVB Tappahannock, VA | $1.4B |
| Aug 2014 | Prince George's Federal Savings Bank Upper Marlboro, MD | $101M |
| Apr 2012 | HarVest Bank of Maryland Gaithersburg, MD | $163M |
| Dec 2009 | Greater Atlantic Bank Reston, VA | $203M |
| Dec 2006 | 1st Service Bank Mc Lean, VA | $128M |
Where they operate
28 branches in 19 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Fairfax County, VA | $928M | 0.8% | 16 of 38 |
| Henrico County, VA | $507M | 5.5% | 6 of 22 |
| Hanover County, VA | $386M | 12.7% | 4 of 13 |
| Colonial Heights City County, VA | $237M | 21.0% | 2 of 10 |
| Northumberland County, VA | $198M | 54.4% | 1 of 4 |
| Essex County, VA | $189M | 46.9% | 1 of 3 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 5 branches since 2016 (23 to 28, +21.7%). 2 opened, 26 acquired, 23 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 23 | |||
| 2017 | Acquired EVBOpened Chester, closed Frederick and Warrenton | 27 | 2 | +25 | 48 |
| 2018 | Opened Mc LeanClosed Mc Lean | 1 | 1 | 0 | 48 |
| 2020 | Closed 3 in 2 states | 0 | 3 | −3 | 45 |
| 2021 | Closed Deltaville and South Riding | 0 | 2 | −2 | 43 |
| 2022 | Closed 8 in 2 states | 0 | 8 | −8 | 35 |
| 2023 | Closed 7 in Virginia | 0 | 7 | −7 | 28 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 29% | 37% | |
| 1-4 family residential | 22% | 30% | |
| Business (C&I) | 16% | 10% | |
| Consumer | 7% | 4% | |
| Construction and land | 4% | 8% | |
| Multifamily | 4% | 7% | |
| Farmland | 0% | 2% | |
| Other | 18% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 77% | 50% | |
| Noninterest-bearing | 14% | 25% | |
| Time deposits | 9% | 25% |
Brokered deposits are 0.0% of deposits (peers 6.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.71% | 0.33% |
| Net charge-offs, annualized | 0.39% | 0.04% |
| Reserves to loans | 1.24% | 1.01% |
| Leverage ratio | 9.51% | 10.80% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Virginia
Largest competitors in Fairfax County, VA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/primis