Primis Bank
Primis Bank reported total assets of $4.3 bn at Q2 2026, up 13.1% on a year earlier, the 315th largest of 497 banks in our US coverage. The CET1 capital ratio at Primis Bank was 10.63%, and the uninsured share of Primis Bank was 22.93%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Primis Bank climbed from 505th to 379th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Primis Bank reports one of the lowest common equity tier 1 (CET1) ratio readings among banks of $1 bn to $10 bn: 10.63% at , where the median of the 287 banks is 13.22% (FDIC Call Reports).
- At 105.67%, the loan-to-deposit ratio of Primis Bank sits in the top tenth of its size group ($1 bn to $10 bn, 339 banks), where the median is 88.61% (FDIC Call Reports).
What sets Primis Bank apart
- Since , Primis Bank has taken over one institution; the latest was EVB on .
How large is Primis Bank?
The balance sheet of Primis Bank at : assets $4.3 bn, deposits $3.5 bn, net loans $3.7 bn (loans equal to 105.67% of deposits). Securities make up 4.0% of total assets at Primis Bank. Since , when Primis Bank held $1.1 bn, its assets grew 300.1%. In the year to , deposits at Primis Bank rose 2.9% while its total assets rose 13.1%. At , Primis Bank employed 601 full-time equivalent staff across 28 offices, about $7.2 mn of assets per employee and $123.4 mn of deposits per office.
How much funding at Primis Bank is uninsured?
At Primis Bank, uninsured deposits (above the FDIC limit) made up 22.93% of domestic deposits at (+2.69 pp on a year earlier); Primis Bank ranks 389th of 500 on this measure. In dollars, Primis Bank estimated $792.4 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.5 bn | +2.9% | 323rd of 499 |
| Net loans and leases | $3.7 bn | +13.7% | 274th of 500 |
| Loan-to-deposit ratio | 105.67% | +10.11 pp | 34th of 500 |
| Tier 1 leverage ratio | 9.51% | +0.19 pp | 370th of 500 |
| Total risk-based capital ratio | 11.88% | +0.26 pp | 420th of 448 |
| Net interest margin | 3.61% | +0.41 pp | 262nd of 500 |
| Return on assets (ROA) | 1.02% | +0.87 pp | 376th of 500 |
| Efficiency ratio | 68.02% | -12.20 pp | 418th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $463,000 | Narrowed by $117,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $4.7 mn | Narrowed by $15.4 mn | |
| Noncurrent loans to total loans | 1.83% | -0.57 pp | 447th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.39% | -0.73 pp | 416th of 500 (1 = lowest) |
US rank of Primis Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Primis Bank: assets, deposits and loans
- Total assets $4.3bn
- Deposits $3.5bn
- Net loans $3.7bn
Capital and securities
The CET1 ratio of Primis Bank stood at 10.63% in , +0.26 pp year on year. Low and high at Primis Bank since : 10.14% () to 17.13% (). Equity capital of Primis Bank at : $478.2 mn, or 11.0% of total assets. Primis Bank also reported a total capital ratio of 11.88% for , and a tier 1 leverage ratio of 9.51%.
On held-to-maturity securities, Primis Bank carried an unrealized loss of $463,000 at , equal to 0.1% of equity capital. The loss narrowed by $117,000 over the year. Its deepest point: $4.8 mn in . The available-for-sale portfolio of Primis Bank showed an unrealized loss of $4.7 mn at ; the loss narrowed by $15.4 mn over the year.
Primis Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 9.5%
Primis Bank: unrealized securities gains and losses
- Available for sale -$5mn
- Held to maturity -$463,000
Profitability and loan quality
For the year to , Primis Bank earned a return on equity of 9.10%; return on assets: 1.02%. Net interest margin at Primis Bank: 3.61%, +0.41 pp in a year. Primis Bank net income: $21.5 mn, up 652.9% year on year. The efficiency ratio of Primis Bank was 68.02%: about 68 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 1.83% of total loans at Primis Bank; net charge-offs: 0.39% of average loans. Gross loans and leases at Primis Bank: $3.7 bn, up 13.6% in a year.
Primis Bank: profitability
- Return on equity 9.1%
- Net interest margin 3.6%
- Return on assets 1.0%
Peer group of Primis Bank
The peer group of Primis Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Primis Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 1 has its head office in Virginia. Against them, Primis Bank shows CET1 ratio 10.63% against a peer median of 13.32%, return on equity 9.10% against a peer median of 13.14% and uninsured deposit share 22.93% against a peer median of 44.40%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| First Business Bank | State nonmember bank | WI | $4.4 bn | 11.17% | 13.89% | 33.17% | |
| Sunwest Bank | State nonmember bank | UT | $4.4 bn | 10.40% | 17.39% | 53.14% | |
| Texas Bank and Trust Company | State nonmember bank | TX | $4.3 bn | 15.85% | 12.39% | 47.26% | |
| Primis Bank | State member bank | VA | $4.3 bn | 10.63% | 9.10% | 22.93% | |
| NATIONAL COOPERATIVE BANK | National bank | OH | $4.3 bn | 14.05% | 12.40% | 56.73% | |
| Civista Bank | State member bank | OH | $4.3 bn | 16.39% | 9.91% | 18.30% | |
| The First Bank and Trust Company | State member bank | VA | $4.3 bn | 12.58% | 18.63% | 41.53% | |
. FDIC Call Reports.
Last eight quarters
Two years at Primis Bank, to : assets +8.0%, deposits +3.7%, equity +4.8%. Staff 557 to 601.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.0 bn | $3.7 bn | $3.7 bn | $3.8 bn | $3.9 bn | $4.0 bn | $4.2 bn | $4.3 bn |
| Total deposits | $3.3 bn | $3.2 bn | $3.2 bn | $3.4 bn | $3.4 bn | $3.4 bn | $3.4 bn | $3.5 bn |
| Bank equity capital | $456.4 mn | $411.2 mn | $419.9 mn | $419.4 mn | $428.7 mn | $468.1 mn | $472.1 mn | $478.2 mn |
| CET1 ratio | 10.37% | 10.78% | 10.96% | 10.37% | 10.14% | 10.74% | 10.51% | 10.63% |
| Return on equity (ROE) | 3.95% | -1.78% | 4.85% | 1.37% | 3.45% | 10.08% | 8.33% | 9.10% |
| Uninsured share of domestic deposits | 24.61% | 20.77% | 19.54% | 20.23% | 22.59% | 24.35% | 23.26% | 22.93% |
| Full-time equivalent employees | 557 | 575 | 573 | 582 | 588 | 593 | 603 | 601 |
| Number of offices | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Primis Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed EVB (FDIC certificate 11584).
Large one-quarter moves at Primis Bank
- Total assets at Primis Bank changed by +123.7% in the quarter to 2017-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from EVB.
Questions and identifiers
What were the total assets of Primis Bank?
Primis Bank reported $4.3 bn at in its Call Report. That makes Primis Bank the 315th largest of 497 banks in our US coverage.
Is Primis Bank the same as its holding company?
No. This page covers Primis Bank, FDIC certificate 57968; Primis Financial Corp., its holding company, reports separately to the Federal Reserve.
Is Primis Bank profitable?
Primis Bank reported net income of $21.5 mn for the year to ; annualized return on equity: 9.10%. So yes: Primis Bank made a profit over these months.
When is data for Primis Bank next updated?
Figures from Primis Bank for are due after .
Where can I check the figures for Primis Bank?
In the FDIC BankFind Suite record for certificate 57968, and in the Call Reports of Primis Bank (RSSD ID 3325759) at the FFIEC Central Data Repository.