Primis Bank
Primis Bank is an FDIC-insured commercial bank headquartered in Tappahannock, VA, supervised by the Federal Reserve, with $4.28B in total assets at Q3 2026, up 8.7% from Q3 2025, the 8th largest of 56 banks headquartered in Virginia. It was established in 2005 and holds FDIC certificate 57968. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.62% at Q3 2026, above the 8% community bank leverage ratio requirement for being considered well capitalized.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 57968
- Headquarters
- Tappahannock, VA
- Established
- 2005
- Total assets, Q3 2026
- $4.28B
- Assets vs Q3 2025
- +8.7%
- Tier 1 leverage ratio, Q3 2026
- 9.62%
- Domestic offices
- 28 branches
- Routing number
- 051409278
- Safety and soundness
- Is Primis Bank safe?
- Latest call report
- Q3 2026, FFIEC 041 · Primis Bank call report
- Holding company
- PRIMIS FINANCIAL CORP.
- Asset rank in state
- 8th of 56 in Virginia
Primis Bank, based in Tappahannock, Virginia, reported $4.3 billion in assets at September 30, 2026, up 8.7% from a year earlier. It carries problem assets equal to 14.2% of the capital and reserves that would absorb them, 3.6 times the median of 3.9% for the 887 banks with $1 billion to $10 billion in assets. It also spends about 72 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 57 cents).
Its $595 million commercial and industrial book is improving, with 2.12% past due or on nonaccrual, down from 5.98% a year earlier. The non-owner-occupied commercial real estate book ($529 million) is worsening: 13.68% of it is past due or on nonaccrual, up from 8.82% a year earlier. Profitability lags: it returns 8.8% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.8%).
As of September 30, 2026, Primis Bank reported a return on assets of 1.00%, a nonperforming-loan ratio of 1.77% and a Texas ratio of 14.24%. The figures come from its call report filed with the FFIEC.
By total assets at Q3 2026, Primis Bank is the 8th largest of the 56 banks headquartered in Virginia. Between Q2 2026 and Q3 2026, its total assets fell 1.3% to $4.28B, loans fell 1.0% and deposits rose 0.7%. The largest part of its loan book on September 30, 2026 was 1-4 family residential loans, at 20.6% of total loans, ahead of loans to nondepository financial institutions at 17.1%. The FDIC Summary of Deposits lists 28 offices for it, in 24 cities across 2 states; its Mc Lean office books 27% of its branch deposits. By the capital ratios in its Q3 2026 call report, Primis Bank meets the community bank leverage ratio test for well capitalized.
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)
- Domestic offices
- 28 branches
- Employees (FTE)
- 612
- Domestic deposits
- $3.48B
- Allowance for credit losses
- $45.6M
- Net charge-offs (YTD)
- $8.5M
- Average total assets
- $4.19B
- Average total loans
- $3.59B
- Average interest-bearing deposits
- $2.97B
- 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
Q3 annualizedBalance Sheet
Income Statement
Operating & Funding
Watch Primis Bank: get a note when its numbers change. Free, no card required.
Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. As a community bank leverage ratio filer, Primis Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Primis Bank's total assets moved between a low of $3.67B (Q1 2025) and a high of $4.34B (Q2 2026) from Q4 2023 to Q3 2026, and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$4.28B total assets against $3.94B; $3.80B total liabilities against $3.51B.
$3.62B net loans and leases against $3.36B; $3.48B total deposits against $3.37B.
$171.5M securities against $243.2M; $166.0M cash and balances due against $64.0M.
$59.2M total interest income against $51.7M; $21.4M total interest expense against $20.9M.
$37.8M net interest income against $30.8M.
$13.1M total noninterest income against $11.2M; $36.6M total noninterest expense against $31.9M.
$1.0M provision for credit losses against -$68K.
$10.5M net income against $8.0M.
1.00% return on assets against 0.83%; 3.90% net interest margin against 3.39%.
9.62% tier 1 leverage ratio against 9.34%.
Inside the full Primis Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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
Its closest position to the top of a national ranking is 314 of 4,193, for total assets; its furthest is 2,915 of 3,624, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q3 2026, its return on assets ran from -2.21% (Q4 2024) to 3.27% (Q4 2025) and its net interest margin ran from 3.02% (Q2 2025) to 3.90% (Q3 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 9.62% | 1.00% | 1.77% | 14.24% | 3.90% |
| Q2 2026 | 9.51% | 1.12% | 1.83% | 14.67% | 3.62% |
| Q1 2026 | 9.69% | 0.97% | 2.77% | 22.39% | 3.58% |
| Q4 2025 | 9.74% | 3.27% | 2.51% | 19.51% | 3.53% |
| Q3 2025 | 9.34% | 0.83% | 2.55% | 21.58% | 3.39% |
| Q2 2025 | 9.32% | -0.23% | 2.40% | 19.76% | 3.02% |
| Q1 2025 | 9.72% | 0.56% | 0.47% | 2.80% | 3.31% |
| Q4 2024 | 9.10% | -2.21% | 0.53% | 2.92% | 3.12% |
Swipe the table sideways to see every column.
Branch Network
View all 28 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- Deposit market share
- 1.0% of deposits in VA, rank 13 of 102 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).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Primis Bank
What are Primis Bank's total assets?
As of the Q3 2026 filing, Primis Bank reported total assets of $4.28 billion in its FFIEC call report.
Where is Primis Bank headquartered?
It is headquartered in Tappahannock, VA, United States.
When was Primis Bank founded?
It was established in 2005, per the FDIC institution directory.
Is Primis Bank FDIC-insured?
Yes. It 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.
How many branches does Primis Bank operate?
It 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?
Its Texas Ratio is 14.24% in its Q3 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures nonperforming assets against the bank's capital and reserves.
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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