Primis Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Primis Bank operates with a thinner capital cushion than most banks of its size. It reported $4.3 billion in assets at June 30, 2026, up 13.1% from a year earlier. It holds common equity equal to 10.63% of its risk-weighted assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 13.52%). It also carries problem assets equal to 14.7% of the capital and reserves that would absorb them, 4.1 times the median of 3.6% for banks its size. It has also been growing, with assets up 13.1% in a year.
Loans are outrunning deposits: over the year loans rose 13.6% and deposits rose 2.9%. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 1.71% of loans, down from 2.26% a year earlier. One more trend to watch: the commercial and industrial book ($578 million) is worsening: 2.22% of it is past due or on nonaccrual, up from 0.68% a year earlier.
As of June 30, 2026, Primis Bank reported a CET1 capital ratio of 10.63%, a return on assets of 1.12%, a nonperforming-loan ratio of 1.83% and a Texas ratio of 14.67%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 1665 Tappahannock Blvd, Tappahannock, VA 22560
- County
- Essex
- Metro Area
- Washington-Arlington-Alexandria, DC-Va-MD-WV
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- April 14, 2005
- Former names
- Sonabank (2009-2021)
- Offices
- 28 domestic
- Employees (FTE)
- 601
- Domestic deposits
- $3.46B
- Allowance for credit losses
- $46.0M
- Net charge-offs (YTD)
- $6.9M
- Average total assets
- $4.18B
- Average total loans
- $3.59B
- Average interest-bearing deposits
- $2.90B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- April 14, 2005
- FDIC Cert
- 57968
- Fed RSSD
- 3325759
- SEC CIK
- 1325670 → filed by PRIMIS FINANCIAL CORP.
- Website
- www.primisbank.com →
- Parent Holding Company
- PRIMIS FINANCIAL CORP. (RSSD 3325740) · FRST
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Dennis J Zember Jr | CEO | President/CEO |
| Switzer Matthew Alan | CFO | EVP, CFO |
| Sheflett George Cody Jr | COO | EVP, CIO/COO |
| Anurag Sharma | CIO | EVP, Chief Information Officer |
| Leibson Marie Taylor | CCO | EVP, Chief Credit Officer |
| Savino Donald Charles | CRO | EVP, Chief Risk Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Primis Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Primis Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Primis Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.63% | 1.12% | 2.87% | 14.67% | 3.62% |
| Q1 2026 | 10.51% | 0.97% | 2.77% | 22.39% | 3.58% |
| Q4 2025 | 10.74% | 3.27% | 2.77% | 19.51% | 3.53% |
| Q3 2025 | 10.14% | 0.83% | 2.78% | 21.58% | 3.39% |
| Q2 2025 | 10.37% | -0.23% | 2.72% | 19.76% | 3.02% |
| Q1 2025 | 10.96% | 0.56% | 1.34% | 2.80% | 3.31% |
| Q4 2024 | 10.78% | -2.21% | 1.40% | 2.92% | 3.12% |
| Q3 2024 | 10.37% | 0.33% | 0.49% | 2.47% | 3.19% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 28 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Mclean Branch | Mc Lean , VA | 22101 | $927.7M |
| Broad Street Branch | Richmond , VA | 23294 | $507.0M |
| Colonial Heights Branch | Colonial Heights , VA | 23834 | $236.5M |
| Windmill Branch | Mechanicsville , VA | 23111 | $187.3M |
| Riversbend Branch | Chester , VA | 23836 | $163.5M |
| Kings Charter | Mechanicsville , VA | 23116 | $131.3M |
| Central Garage Branch | King William , VA | 23086 | $117.0M |
| Upper Marlboro Branch | Upper Marlboro , MD | 20772 | $104.0M |
| Essex Square Branch | Tappahannock , VA | 22560 | $99.7M |
| Primis Bank (main office) | Tappahannock , VA | 22560 | $89.4M |
| Heathsville Branch | Heathsville , VA | 22473 | $82.0M |
| Gloucester Court House Branch | Gloucester , VA | 23061 | $82.0M |
| Newport News Office | Newport News , VA | 23606 | $80.9M |
| Hartfield Branch | Hartfield , VA | 23071 | $79.6M |
| Ashland Branch | Ashland , VA | 23005 | $67.4M |
| Waverly Branch | Waverly , VA | 23890 | $64.2M |
| Burgess Branch | Burgess , VA | 22432 | $63.5M |
| Rockville Branch | Rockville , MD | 20852 | $63.2M |
| Courtland Branch | Courtland , VA | 23837 | $55.7M |
| Callao Branch | Callao , VA | 22435 | $52.8M |
| Middleburg Branch | Middleburg , VA | 20117 | $51.0M |
| Urbanna Branch | Urbanna , VA | 23175 | $45.4M |
| Hampton Branch | Hampton , VA | 23666 | $45.1M |
| Surry Branch | Surry , VA | 23883 | $38.8M |
| High Street Branch | Williamsburg , VA | 23185 | $20.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 24, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 24, 2017 | Structure Change | Acquired Evb Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 1, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 1, 2014 | Structure Change | Acquired Prince George's Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 28, 2012 | Structure Change | Acquired Harvest Bank of Maryland Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| April 27, 2012 | Merger | Participated in FDIC Assisted Merger | FDIC |
| December 5, 2009 | Structure Change | Acquired Greater Atlantic Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| December 4, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| December 2, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 2, 2006 | Structure Change | Acquired 1st Service Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 10 events.
Regulatory record
What the public regulatory sources show for Primis Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.0% of deposits in VA, rank 13 of 105 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 345 applications, 195 loans originated, $34.5M originated, across 17 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 8 loans, $10.7M approved, $1.3M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Primis Bank
What are Primis Bank's total assets?
As of the Q2 2026 filing, Primis Bank reported total assets of $4.34 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Primis Bank headquartered?
Primis Bank is headquartered in Tappahannock, VA, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Primis Bank founded?
Primis Bank was established in 2005, per the FDIC institution directory.
Is Primis Bank FDIC-insured?
Yes. Primis Bank is an FDIC-insured commercial bank (FDIC Certificate #57968). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Primis Bank?
Primis Bank's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Primis Bank's CET1 capital ratio?
Primis Bank reported a Common Equity Tier 1 (CET1) capital ratio of 10.63% in its Q2 2026 call report, above regulatory requirements.
How many branches does Primis Bank operate?
Primis Bank operates 28 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Primis Bank's Texas Ratio?
Primis Bank's Texas Ratio is 14.67% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Primis Bank previously called?
The charter now named Primis Bank has also operated as Sonabank (2009-2021), per FDIC structure-change records.
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