Primary Bank


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

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD 0.55% 0.75% →
2-Year CD 0.65% 0.80% →
5-Year CD 0.95% 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Primary Bank is an FDIC insured institution located in Bedford, NH. It was founded in 2015 and has approximately $0.64 billion in assets.

FDIC Insured Yes
FDIC Certificate # 59086
Date Established 2015
Assets $ 635.17 million
Loans $ 495.23 million
Deposits $ 576.88 million
Capital $ 57.15 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 15, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.50% $0 - Learn More
6 month CD
0.35% $1,000 - Learn More
12-Month CD
0.55% $1,000 - Learn More
18 Month Online CD
0.55% $1,000 - Learn More
24 Month Online CD
0.65% $1,000 - Learn More
36 Month Online CD
0.75% $1,000 - Learn More
48 Month Online CD
0.85% $1,000 - Learn More
60-Month Online CD
0.95% $1,000 - Learn More


Loan Rates - October 15, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.820% 2.750%
0.88 points
$2,268 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Primary Bank
To upload and update your bank's rates please register. It is free to register and add rates.


Primary Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Primary Bank Locations

Climate Initiatives

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

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
3.4% 4.78%

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 June 30, 2021, Primary Bank had $2,111,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $57,154,000 in equity and $4,907,000 in loans loss reserves. That gives it a Texas Ratio of 3.4%.

Return on Equity
Primary Bank U.S. Bank Average
12.93% 11.29%

Primary Bank has a Return on Equity of 12.93% versus the BestCashCow average of 11.29%. 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
9% 11.72%

Primary Bank has a Capitalization of 9% versus the BestCashCow average of 11.72. 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 June 30, 2021, Primary Bank had assets of $635,172,000, loans of $495,228,000, and deposits of $576,883,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 133.13 million
Interest-bearing balances $ 132.35 million
Total securities $ 0.95 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 495.23 million
Loan loss allowance $ 4.91 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 $ 4.07 million
     Total Assets $ 578.02 million
Total deposits $ 576.88 million
      Interest-bearing deposits $ 387.85 million
      Deposits held in domestic offices $ 576.88 million
      % insured (estimated) 58.36%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.14 million
      Total Liabilities $ 578.02 million
      Shareholders’ Equity $ 57.15 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 11.98 million
Total Interest Expense $ 1.62 million
Net interest income $ 10.36 million
Provision for loan and lease losses $ 1.10 million
Total non interest income $ 0.30 million
Total non interest expense $ 4.66 million
Pre-tax Net Operating Income $ 4.91 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 5.48
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 13.60
Construction and Development Loans 6.06
Commercial Real Estate 42.62
Commercial and Industrial Loans 35.19
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

  • 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.

Add Your Review

Rate it here →