Primary Bank


207 Route 101
Bedford, NH 03110
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD 4.00% 5.41% →
2-Year CD 2.75% 4.95% →
5-Year CD 2.27% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Primary Bank is an FDIC insured institution located in Bedford, NH. It was founded in 2015 and has approximately $0.69 billion in assets.

FDIC Insured Yes
FDIC Certificate # 59086
Date Established 2015
Assets $ 693.14 million
Loans $ 581.86 million
Deposits $ 600.78 million
Capital $ 88.26 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 - June 13, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.50% $0 - Learn More
6 month CD
1.50% $1,000 - Learn More
12-Month CD
4.00% $1,000 - Learn More
18 Month Online CD
3.50% $1,000 - Learn More
24 Month Online CD
2.75% $1,000 - Learn More
36 Month Online CD
2.27% $1,000 - Learn More
48 Month Online CD
2.27% $1,000 - Learn More
60-Month Online CD
2.27% $1,000 - Learn More

Loan Rates - June 13, 2024

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Learn More
PenFed Credit Union
NMLS ID: 401822
6.530% 6.375%
0.63 points
$5,200 fees
$1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.725% 6.625%
0.75 points
$3,295 fees
$2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.076% 6.990%
0.88 points
$2,800 fees
$2,127 Learn More
NMLS ID: Not a Lender

Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Primary Bank
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Climate Policy and Initiatives

Primary Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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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
3.95% 3.96%

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 December 31, 2024, Primary Bank had $3,756,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $88,263,000 in equity and $6,712,000 in loans loss reserves. That gives it a Texas Ratio of 3.95%.

Return on Equity
Primary Bank U.S. Bank Average
12.02% 12.20%

Primary Bank has a Return on Equity of 12.02% versus the BestCashCow average of 12.20%. 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
12.73% 10.76%

Primary Bank has a Capitalization of 12.73% versus the BestCashCow average of 10.76. 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 December 31, 2023, Primary Bank had assets of $693,138,000, loans of $581,858,000, and deposits of $600,781,000. 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

December 31, 2024
Cash & Balances due from depository institutions $ 91.33 million
Interest-bearing balances $ 88.84 million
Total securities $ 9.25 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 581.86 million
Loan loss allowance $ 6.71 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 $ 6.89 million
     Total Assets $ 604.88 million
Total deposits $ 600.78 million
      Interest-bearing deposits $ 413.08 million
      Deposits held in domestic offices $ 600.78 million
      % insured (estimated) 55.87%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.86 million
      Total Liabilities $ 604.88 million
      Shareholders’ Equity $ 88.26 million

Summary Income Statement

December 31, 2024
Total Interest Income $ 36.91 million
Total Interest Expense $ 9.43 million
Net interest income $ 27.48 million
Provision for loan and lease losses $ 0.74 million
Total non interest income $ 0.60 million
Total non interest expense $ 13.61 million
Pre-tax Net Operating Income $ 5.91 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 5.74
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 13.86
Construction and Development Loans 6.28
Commercial Real Estate 49.19
Commercial and Industrial Loans 19.64
Farm Loans 0.00

Customer Reviews for Primary Bank

  • March 30, 2021 |

    CDs 12 Month Rates

    These guys are the best local bank. Very responsive.

  • February 8, 2021 |

    Rejected, and I live in MA and have perfect credit. No time for small irrelevant New Hampshire banks.

  • January 20, 2021 |

    Was rejected for acct from NYC.

  • December 5, 2020 |

    Very happy with Primary Bank and Derry Branch Staff all customer relations make you feel that your business is important to the bank Lauren Branch Manager and Elizabeth have been there to assist us and making our banking experience with Primary a great Local banking relationship .

  • December 4, 2020 |

    Online CDs 12 Month Rates

    Unless you live in New England, it's a "no-go" and they don't show that on their website. They should not be on a list of national banks.

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