Primary Bank


207 Route 101
Bedford, NH 03110
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD 0.80% 1.01% →
2-Year CD 0.90% 0.95% →
5-Year CD 1.30% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Primary Bank is an FDIC insured institution located in Bedford, NH. It was founded in 2015 and has approximately $0.34 billion in assets.

FDIC Insured Yes
FDIC Certificate # 59086
Date Established 2015
Assets $ 342.12 million
Loans $ 254.64 million
Deposits $ 294.21 million
Capital $ 45.67 million

For a more detailed analysis of Primary Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 26, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.70% $0 - Learn More
6 month CD
0.45% $1,000 - Learn More
12-Month CD
0.80% $1,000 - Learn More
18 Month Online CD
0.85% $1,000 - Learn More
24 Month Online CD
0.90% $1,000 - Learn More
36 Month Online CD
1.00% $1,000 - Learn More
48 Month Online CD
1.20% $1,000 - Learn More
60-Month Online CD
1.30% $1,000 - Learn More

6 Month IRA CD
0.45% $1,000 - Learn MoreShow Less
12-Month IRA CD
0.80% $1,000 - Learn MoreShow Less
18 Month Online IRA CD
0.85% $1,000 - Learn MoreShow Less
24 Month IRA CD
0.90% $1,000 - Learn MoreShow Less
36 Month IRA CD
1.00% $1,000 - Learn MoreShow Less
48 Month IRA CD
1.20% $1,000 - Learn MoreShow Less
60-Month IRA CD
1.30% $1,000 - Learn MoreShow Less

Loan Rates - October 26, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Primary Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
First Internet Bank
NMLS ID: 424182
2.665% 2.625% 0.50 $1,300 $1,005 Learn More
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Primary Bank
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Financial Details

Primary Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Primary Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Primary Bank U.S. Bank Average
4.35% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Primary Bank had $2,120,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $45,668,000 in equity and $3,107,000 in loans loss reserves. That gives it a Texas Ratio of 4.35%.

Return on Equity
Primary Bank U.S. Bank Average
3.38% 7.80%

Primary Bank has a Return on Equity of 3.38% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Primary Bank U.S. Bank Average
13.35% 12.68%

Primary Bank has a Capitalization of 13.35% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Primary Bank Balance Sheet Analysis

As of March 31, 2020, Primary Bank had assets of $342,124,000, loans of $254,640,000, and deposits of $294,207,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
Cash & Balances due from depository institutions $ 81.05 million
Interest-bearing balances $ 80.10 million
Total securities $ 1.62 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 254.64 million
Loan loss allowance $ 3.11 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 2.58 million
     Total Assets $ 296.46 million
Total deposits $ 294.21 million
      Interest-bearing deposits $ 228.37 million
      Deposits held in domestic offices $ 294.21 million
      % insured (estimated) 73.01%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.25 million
      Total Liabilities $ 296.46 million
      Shareholders’ Equity $ 45.67 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 3.31 million
Total Interest Expense $ 0.88 million
Net interest income $ 2.43 million
Provision for loan and lease losses $ 0.24 million
Total non interest income $ 0.05 million
Total non interest expense $ 1.80 million
Pre-tax Net Operating Income $ 0.44 million

Bank Loan Profile?

The top three loan types in Primary Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in New Hampshire, Primary Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial Real Estate, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 6.51
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 15.85
Construction and Development Loans 8.41
Commercial Real Estate 49.87
Commercial and Industrial Loans 25.78
Farm Loans 0.00

Frequently Asked Questions About Primary Bank

Branches and Savings

Is Primary Bank FDIC insured?

Yes. It is covered under FDIC Certificate #59086.

Why does Primary Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Primary Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Primary Bank a commercial bank?


Where are Primary Bank locations?

See branch locations nearby.

Is Primary Bank open on Saturdays?

Is Primary Bank open on Sundays?

What time does Primary Bank open?

What time does Primary Bank close?

Are Primary Bank ATMs Open 24/7?

Do Primary Bank ATMs accept cash deposits?

Can Primary Bank customers use other ATMs?

Do Primary Bank branches have notaries?

Will Primary Bank notarize my document?

What address for Primary Bank should I put for incoming ACH transfers?

Will the Primary Bank branch print checks?

Do Primary Bank checks expire?

Does Primary Bank require US citizenship to open account?

Can Primary Bank close my account?

Does Primary Bank Report to credit bureaus?

Does Primary Bank Use Equifax?

What is Primary Bank's ACH Routing Number?

What is Primary Bank's SWIFT code?


Does Primary Bank offer mortgages?

Compare mortgage rates here.

Does Primary Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Primary Bank offer personal loans?

Compare personal loan rates here.

Does Primary Bank offer student loans?

Will Primary Bank cash a check?

Will Primary Bank redeem a savings bond?

Does Primary Bank cash savings bonds?

Will Primary Bank cash money orders?

Can Primary Bank issue a money order?

Does Primary Bank do currency exchange?

Background on The Bank

Who owns Primary Bank?

How long has Primary Bank been around?

Can Primary Bank transfer to other banks?

Does Primary Bank have quick pay?

Does Primary Bank accept rolled coins?

Will Primary Bank accept loose change?

Where is Primary Bank headquarters?

Customer Reviews for Primary Bank

  • October 22, 2020 |

    Ziggi, I have lived in southern NH for the past 4 years and I have had a good relationship with Primary Bank, but I would not open an account with them and try to correspond by phone or email for a few fractions of one percent.

  • September 17, 2020

    I really appreciated finding out about this bank on this site. I use BestCashCow, DepositAccounts and RatesAndInfo in order to find out about the smaller players and I avoid Bankrate and Nerdwallet and all of their pushing of only the largest players. But, this is a small New Hampshire bank and while the rates are top at the moment, I am wondering if anyone has any experience?

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