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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Cash and cash equivalents:    
Cash and due from financial institutions $ 8,360 $ 9,690
Interest-bearing deposits in other financial institutions 151,521 133,917
Total cash and cash equivalents 159,881 143,607
Securities available-for-sale, at fair value (amortized cost of $175,717 and $174,226, respectively) 171,877 171,377
Securities held-to-maturity, at amortized cost (fair value of $6,343 and $6,560, respectively) 6,792 6,981
Loans held for sale, at fair value 181,715 166,066
Loans held for sale, at lower of cost or market 41,465  
Total loans held for sale 223,180 166,066
Loans held for investment, collateralizing secured borrowings 14,516 14,843
Loans held for investment 3,381,850 3,268,840
Less: allowance for credit losses (46,381) (45,883)
Net loans 3,349,985 3,237,800
Stock in Federal Reserve Bank and Federal Home Loan Bank 24,162 14,185
Bank premises and equipment, net 5,924 6,070
Operating lease right-of-use assets 64,781 65,596
Cloud computing arrangement assets, net 4,460 5,239
Goodwill 93,459 93,459
Bank-owned life insurance 76,958 68,969
Deferred tax assets, net 14,593 14,683
Investment in Panacea Financial Holdings, Inc. common stock 6,899 6,899
Accrued interest on loans and investments 19,830 19,222
Other assets 33,887 27,235
Total assets 4,256,668 4,047,388
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing demand deposits 541,168 554,442
Interest-bearing deposits:    
NOW accounts 844,528 862,735
Money market accounts 778,366 740,886
Savings accounts 942,847 922,337
Time deposits 316,156 315,185
Total interest-bearing deposits 2,881,897 2,841,143
Total deposits 3,423,065 3,395,585
Securities sold under agreements to repurchase 3,525 3,552
Secured borrowings 14,450 14,773
FHLB advances 230,000 25,000
Junior subordinated debt 9,941 9,929
Senior subordinated notes 59,370 86,233
Operating lease liabilities 60,832 61,340
Other liabilities 28,287 28,080
Total liabilities 3,829,470 3,624,492
Commitments and contingencies (See Note 9)
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 5,000,000 shares; no shares issued and outstanding
Common stock, $0.01 par value. Authorized 45,000,000 shares; 24,851,621 shares issued and 24,772,072 shares outstanding at March 31, 2026, and 24,774,934 shares issued and 24,695,385 shares outstanding at December 31, 2025 248 247
Additional paid in capital 316,840 316,509
Retained earnings 114,370 109,617
Treasury stock, at cost 79,549 shares at March 31, 2026 and December 31, 2025 (807) (807)
Accumulated other comprehensive loss (3,453) (2,670)
Total Primis stockholders' equity 427,198 422,896
Total liabilities and stockholders' equity $ 4,256,668 $ 4,047,388