Prime Meridian Bank
Tallahassee, Florida · FDIC Cert #58694
This is the FDIC profile for Prime Meridian Bank, an FDIC-insured bank (Certificate #58694) with $893M in total assets and $792M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Tallahassee, Florida, the bank maintains a Tier 1 capital ratio of 13.29% (Well-Capitalized) and a nonperforming loan ratio of 0.44%. BankHealthData assigns a composite Health Grade of B (75/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Prime Meridian Bank (FDIC cert 58694) is a community bank — $893M in total assets, $792M in deposits, serving the Tallahassee, Florida area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 13.29% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.44% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is in the normal range: 15.2% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is solid: ROA of 1.19% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Prime Meridian Bank carries a composite BankHealth grade of B (75/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Prime Meridian Bank
- Total Assets
- $893M
- Total Deposits
- $792M
- Tier 1 Capital Ratio
- 13.29%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.44%
- Liquidity Ratio
- 15.18%
- Return on Assets
- 1.19%
- Headquarters
- Tallahassee, Florida
- FDIC Certificate
- #58694
- Health Grade
- B (75/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Prime Meridian Bank files quarterly Call Reports with the FDIC under Certificate #58694. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, Prime Meridian Bank holds a Tier 1 capital ratio of 13.29%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Prime Meridian Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Prime Meridian Bank shows strong financial health indicators. With $893M in assets and a Health Score of 75/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Prime Meridian Bank Compares
Prime Meridian Bank’s Health Score of 75 is 7 points below the Florida state average of 82 across 83 FDIC-insured banks. Its 13.29% Tier 1 capital ratio is 0.7 points below the US banking industry average near 14%. The 0.44% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.19% is in line with or above the national ROA benchmark of ~1.1%. Among 1109 similarly-sized banks, the average Health Score is 78, meaning this bank ranks below its size cohort. Site-wide, Prime Meridian Bank is 5 points below the portfolio average of 80.
Frequently Asked Questions
Prime Meridian Bank has a Bank Health Score of B (75/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 13.29%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Prime Meridian Bank's Tier 1 capital ratio of 13.29% and nonperforming loan ratio of 0.44% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Prime Meridian Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #58694). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Prime Meridian Bank holds $893M in total assets and $792M in total deposits. It is headquartered in Tallahassee, Florida (FDIC Certificate #58694).
Prime Meridian Bank's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #58694 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Prime Meridian Bank has a Tier 1 capital ratio of 13.29%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.44%, and the return on assets is 1.19%.
Yes. Prime Meridian Bank is FDIC-insured (Certificate #58694). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Prime Meridian Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.