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Overview / Commentary
207 Church Street
Salem, AR 72576

Bank of Salem is headquartered in Salem and is the 76th largest bank in the state of Arkansas. It is also the 4,032nd largest bank in the nation. It was established in 1908 and as of June of 2014, it had grown to 43 employees at 3 locations. Bank of Salem has a B+ health rating.

Reviews (1)

Super Easy Bank To Deal With.....

Called today 5/5/11 to open their 18 month, 1.56% CD, spoke to Vera and unfortunately tomorrow is her last day because she was absolutely one of the nicest people I've ever dealt with at a bank.  She took all my info over the phone, I scanned her a copy of my DL, I'm mailing a check to the bank today, the rate is locked in until my check gets there.  Couldn't have been easier.


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Bank of Salem had $2.54 million in non-current loans and owned real-estate with $18.78 million in equity and loan loss allowances on hand to cover it. This gives Bank of Salem a Texas Ratio of 13.50% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of Salem experienced no significant changes from 13.68% as of June 30, 2013 to 13.50% as of June 30, 2014, resulting in a positive change of 1.32%.This indicates that the balance sheet and financial strength for Bank of Salem has had no significant changes in recent periods.

Deposit Growth


In the past year, Bank of Salem has increased its total deposits by $3.02 million, resulting in 2.8% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Salem has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Salem has $130.31 million in assets with $18.78 million in equity, resulting in a capitalization level of 14.41%, which is excellent.

Institution Statistics

FDIC Certificate #11243
Year Established1908
Primary RegulatorFED
Assets and Liabilities
Assets$130.31 million
Loans$100.52 million
Deposits$111.05 million
Equity Capital$16.00 million
Loan Loss Allowance$2.78 million
Unbacked Noncurrent Loans$1.12 million
Real Estate Owned$1.42 million
Historic Data - June 2013
Assets$127.89 million
Equity Capital$15.35 million
Loan Loss Allowance$2.71 million
Unbacked Noncurrent Loans$1.12 million
Real Estate Owned$1.20 million
Profit Margin - Quarterly
Return on Assets1.18%
Return on Equity9.86%
Interest Income$3.45 million

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Bank of Salem Savings Account Rates

0.30%--Christmas Club
0.15%$100-Statement Savings
0.15%--Kid's Club
0.15%--Student Savings
0.10%--Health Savings Account

Bank of Salem Money Market Rates

0.15%$2,500-Money Market Investor

Bank of Salem Checking Account Rates

0.10%$1k-NOW Account

Bank of Salem CD Rates

1.00%$500-48 Month CD
0.90%$500-36 Month CD
0.70%$500-24 Month CD
0.60%$500-18 Month CD
0.40%$500-12 Month CD
0.30%$500-182 Day CD
0.15%$500-91 Day CD

Bank of Salem IRA Rates

1.00%$100-48 Month Fixed Rate IRA
0.90%$100-36 Month Fixed Rate IRA
0.70%$100-24 Month Fixed Rate IRA
0.65%$100-18 Month Variable Rate IRA

Bank of Salem Locations
Bank Of Salem207 Church StreetSalem, AR 72576
Mammoth Spring Bank Branch465 W Main StreetMammoth Spring, AR 72554
Viola Branch9338 Hwy 62 WestViola, AR 72583