Salem Co-operative Bank

Salem Co-operative Bank is headquartered in Salem and is the 9^th largest bank in the state of New Hampshire. It is also the 1,647^th largest bank in the nation. It was established in 1922 and as of September of 2011, it had grown to 40 employees at 2 locations. Salem Co-operative Bank has a 5-star health rating.

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Data for Q3 2011

Institution Statistics Salem Co-operative Bank OTS # 00349 FDIC Certificate # 27824 BankRate Report View Year Established 1922 Employees 40 Primary Regulator FDIC Assets and Liabilities Assets $400.14 million Loans $239.10 million Deposits $276.52 million Equity Capital $56.62 million Loan Loss Allowance $1.66 million Unbacked Noncurrent Loans $656,000 Historic Data - September 2010 Assets $381.45 million Equity Capital $52.88 million Loan Loss Allowance $1.34 million Real Estate Owned $264,000 Profit Margin - Quarterly Net Interest Margin 3.08% Return on Assets 0.84% Return on Equity 6.09% Interest Income $12.61 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Salem Co-operative Bank had $656,000 in non-current loans and owned real-estate with $58.27 million in equity and loan loss allowances on hand to cover it. This gives Salem Co-operative Bank a Texas Ratio of 1.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Salem Co-operative Bank held steady from 0.49% as of September 30, 2010 to 1.13% as of September 30, 2011, resulting in a negative change of 131.18%. This indicates that the balance sheet and financial strength for Salem Co-operative Bank has held steady in recent periods. Deposit Growth In the past year, Salem Co-operative Bank has increased its total deposits by $20.33 million, resulting in 7.94% 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 Salem Co-operative Bank has shown is excellent. Capitalization 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. Salem Co-operative Bank has $400.14 million in assets with $58.27 million in equity, resulting in a capitalization level of 14.56%, which is excellent.

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