# PRIMIS BANK
TAPPAHANNOCK, VA · FDIC certificate 57968 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $4.34B | |
| Deposits | $3.46B | |
| Loans and leases | $3.70B | |
| Total equity | $478.2M | |
| Loans / deposits | 105.67% (p93 of band) | 87.10% |
| Liquid assets / assets | 8.13% (p3 of band) | |
| Uninsured deposits / deposits | 22.93% (p24 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 7.34% (p55 of band) | |
| FHLB advances / assets | 6.92% | |
| Tier 1 leverage | 9.51% (p23 of band) | 10.50% |
| Unrealized securities loss / equity | -1.08% (p87 of band) | -7.75% |
| AOCI / equity | -0.30% (p50 of band) | |
| ROA (annualized) | 1.02% (p32 of band) | 1.26% |
| Net interest margin | 3.61% (p43 of band) | 3.70% |
| Efficiency ratio | 68.02% (p75 of band) | |
| Noncurrent loans | 1.83% (p90 of band) | 0.51% |
| Net charge-offs (annualized) | 0.33% (p91 of band) | |
| Reserve coverage of noncurrent | 67.92% | |
| Real estate % of loans | 59% | |
| Construction % of loans | 32.19% (p33 of band) | |
| Auto loans | $1.1M (0.03% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $643.1M (135% of equity) (p99 of band) | |
| Deposits YoY | 2.9% | |
| Employees | 601 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **capital falling** (`cap_falling`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | loans exceed deposits, reserve under noncurrent |  |
| 2011-06 | 4 | wholesale funding >15%, liquid assets <10% |  |
| 2011-09 | 4 |  |  |
| 2011-12 | 4 | capital falling | wholesale funding >15% |
| 2012-03 | 4 | uninsured deposits leaving | capital falling |
| 2012-06 | 1 |  | loans exceed deposits, liquid assets <10%, uninsured deposits leaving |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | reserve under noncurrent |
| 2013-12 | 1 | reserve under noncurrent |  |
| 2014-03 | 1 | charge-offs p90 | reserve under noncurrent |
| 2014-06 | 2 | loans exceed deposits, wholesale funding >15% | charge-offs p90 |
| 2014-09 | 3 | capital falling, charge-offs p90 | loans exceed deposits |
| 2014-12 | 2 |  | charge-offs p90 |
| 2015-03 | 2 |  |  |
| 2015-06 | 2 | charge-offs p90 | wholesale funding >15% |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 | wholesale funding >15% | capital falling |
| 2016-03 | 2 | loans exceed deposits | charge-offs p90 |
| 2016-06 | 3 | capital falling, charge-offs p90 | loans exceed deposits |
| 2016-09 | 1 |  | wholesale funding >15%, capital falling |
| 2016-12 | 3 | loans exceed deposits, wholesale funding >15% |  |
| 2017-03 | 2 |  | charge-offs p90 |
| 2017-06 | 2 | expense ratio p90 | wholesale funding >15% |
| 2017-09 | 4 | wholesale funding >15%, charge-offs p90, reserve under noncurrent | expense ratio p90 |
| 2017-12 | 5 | capital falling |  |
| 2018-03 | 3 |  | charge-offs p90, capital falling |
| 2018-06 | 2 |  | reserve under noncurrent |
| 2018-09 | 2 |  |  |
| 2018-12 | 4 | brokered >10%, liquid assets <10% |  |
| 2019-03 | 1 |  | wholesale funding >15%, brokered >10%, liquid assets <10% |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | loans exceed deposits |
| 2019-12 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2020-03 | 1 |  | liquid assets <10% |
| 2020-06 | 4 | wholesale funding >15%, liquid assets <10%, capital falling |  |
| 2020-09 | 1 |  | wholesale funding >15%, liquid assets <10%, capital falling |
| 2020-12 | 0 |  | loans exceed deposits |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2022-12 | 6 | loans exceed deposits, liquid assets <10%, capital falling, charge-offs p90 |  |
| 2023-03 | 2 |  | noncurrent p90, reserve under noncurrent, loans exceed deposits, liquid assets <10% |
| 2023-06 | 3 | liquid assets <10% |  |
| 2023-09 | 2 |  | capital falling |
| 2023-12 | 3 | losing money |  |
| 2024-03 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving | losing money |
| 2024-06 | 3 |  | deposits shrinking, assets shrinking |
| 2024-09 | 5 | loans exceed deposits, capital falling |  |
| 2024-12 | 5 | losing money | loans exceed deposits |
| 2025-03 | 4 | assets shrinking | capital falling, losing money |
| 2025-06 | 5 | noncurrent p90, reserve under noncurrent, loans-to-lenders >50% equity | uninsured deposits leaving, assets shrinking |
| 2025-09 | 5 |  |  |
| 2025-12 | 5 |  |  |
| 2026-03 | 5 | loans exceed deposits | charge-offs p90 |
| 2026-06 | 6 | capital falling, charge-offs p90 | noncurrent p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-09 [Primis Bank review (2026): High-interest bank accounts with free nationwide ATM access - Yahoo Finance](https://news.google.com/rss/articles/CBMilgFBVV95cUxQb3hxRldVR0tiblhma3JJRHJJakZLYXQ0VGl1TElzN2JwdTFNc2tMNEVfRk9oU25ReVV6R3Q4Q3I0ZDBmSTFKSFYwRnRib0IxZHVaSHJfTk5ZWFlLTnloTlNwSkhmSVEzQjVTdkdMUmY1eTJGWWcxUjhxZXpIOS1HZ0xRbkh5dmJQLW5pTERBN0xFRUdoU0E?oc=5) · Yahoo Finance
- 2026-06-30 [Primis Financial Corp. Announces Appointment of New Board Member Margaret Weichert - PR Newswire](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQR0poTjAxZlFSVmNUUUVnS3UxS292WkFrdVJfU2tQQUNVcnlfMjQwVEVWZ01sWnlvZVRKc21Qd1g2bWV1R0ZSMnkybzdNd09XNW9XMXpBdk9MczNnVWxCNFlFa1V3ZThIZmVUVjh5VV9ZV2NrSnNKVDJFTVlCUU5XQkFLcUJrb2NrblMwMFZsOC1WUXVrMWdqaWdHY09HQldJNjU0OEs3WXVGRHlDZGp5R0podlZqTGI0LUxPVm1Samw3Qk5jR1NyM01DeGRLZE9EejdR?oc=5) · PR Newswire
- 2026-03-11 [Primis Bank honors Patricia Gallagher’s 45 years of service ahead of retirement - Rappahannock Record](https://news.google.com/rss/articles/CBMioAFBVV95cUxNN1lUeXRJQW5CRmxBOUptOFVhR0pTNTlScl9MdUtkdG9UUS1KRVFnQVJrM09ReU9yZDVaSmhTZzR4a1NUVllwR3p3VVdGRURFellTaWoyeVlZSFQwVmxTLWxkMnVKc3NKLXRCS3JnX1FsVk5WdlM2YjFwWG9vTDF0eldTekhYS21qWHRTY05QNkY2czVtclgzTTBmOXBpTlBj?oc=5) · Rappahannock Record
- 2025-12-08 [Primis Financial Corp. Announces Sale-Leaseback Transaction - PR Newswire](https://news.google.com/rss/articles/CBMitAFBVV95cUxPaVpjM3BwTnRzbmZqMTNXVjkyTlo0SkdMaDRxdDlkUEp0U3ZQemNPSnBPS1I1OWRYeWNDUzJBT2syR1I1cFQxdXlpSlFLbWtyWV85SExLS01iV2xyLWxWeWNaU1dtZ2dQVk51cnl2NmdKZzVXQ3hPNjlzMlg1eXNmVWtqMEhPam1CU3ZNazV5dWNHRzk5VUN6a2ZnMFB5ZjBGYlJHTlpxc3U4YmxnMFhQQXduX28?oc=5) · PR Newswire
- 2021-05-04 [Primis Financial in Virginia planning digital bank - American Banker](https://news.google.com/rss/articles/CBMijwFBVV95cUxNbFZqVTN2WGo2M1A4WEdRdGcwNVlRX04ySU5aY1d0WjNvaDVxN29yUE96NEctclVzLVNYZ01OTk9FMzVINVZ3ZkRZWEs5YXl6MVNuakRfdXc1UGtGYkwzUHRaaTNFWXRHSUtnbXUtN3l1YnZLSGRrckd1SEI2WXpTcml6U1pJOUJtZkx2b2pjdw?oc=5) · American Banker
- 2022-03-28 [Sonabank in Warrenton rebrands to Primis Bank - FauquierNow](https://news.google.com/rss/articles/CBMijwFBVV95cUxPd1VpLV9nNnE4TGFLdHpzdHpZQ3E5c1B3YlY1WXU1M0tPZUNOZDZyTERPS2xyUkFJa0I0aVEyRDhvWWRGNmRTMy10Vk05UWFObVRlMEViQXhyc2QwendqRHBfNGhjY2o5RzF0UmcwSlFVTWRNemJpSE1xSk1yQnk1Vkh6Y3hmQk5mTUtsVWNWbw?oc=5) · FauquierNow
- 2023-08-02 [Primis Bank closing 8 branches, takes $2M hit from long-running employee fraud - wtvr.com](https://news.google.com/rss/articles/CBMifEFVX3lxTFBPWkJtbTk1Tkg4emVETHBKdU8zd3FZd3ZXeXc0eVE4WnZWRzhyajV6LVFkcVM3WF9rSkloQWFUcWlKQ3VhUDhaRTkta1dhNmdkbjJSOC13RWtzdUU4cWtSZFJYeFFkVWVKYWE2ZGItd3Nkc3Q3TEhnN1MyVXA?oc=5) · wtvr.com
- 2024-12-19 [Primis Bank Review 2024 - businessinsider.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxOY1dSNEdLYUtXUzljMmNNbDFKWTBIN1VLMTBWTlBrcHZrRVlxcGZBZVg2Qk5wWms5MjZqUlV6WWp5Q0RkaG92M1U4MWVwdjM2ZENtVHVzdTQ5aHB0eHZhS2JIcENuWFZVZ0Y5Q3ByMTY2OWN1cUtKaXp4WjEtS2o5dg?oc=5) · businessinsider.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57968 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/48.json (key "57968", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide