Salem Five Direct

Salem Five Direct is an online division of Salem Five Cents Savings Bank, an innovative bank located in Salem, Massachusetts with over 150 years of banking experience. On the Salem Five Direct website you will find unique bank product offerings developed exclusively for clients seeking to conduct business on the internet. These offers will not be available through the Salem Five branch network and will change from time to time. The Salem Five Direct mission is to offer unprecedented value to our direct banking customers through exclusive product features at highly competitive prices.

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Salem Five Direct Checking Account Rates

Salem Five Direct Savings Account Rates

Institution Statistics FDIC Certificate # 23296 BankRate Report View Year Established 1855 Employees 405 Primary Regulator FDIC Assets and Liabilities Assets $2.70 billion Loans $1.84 billion Deposits $1.76 billion Equity Capital $256.64 million Loan Loss Allowance $16.76 million Unbacked Noncurrent Loans $35.36 million Real Estate Owned $6.86 million Historic Data - June 2009 Assets $2.83 billion Equity Capital $234.87 million Loan Loss Allowance $16.76 million Unbacked Noncurrent Loans $25.68 million Real Estate Owned $9.12 million Profit Margin - Quarterly Net Interest Margin 2.73% Return on Assets 0.55% Return on Equity 5.83% Interest Income $61.50 million

Institution Health Overall Score: 3 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 June 30, 2010 Salem Five Direct had $42.22 million in non-current loans and owned real-estate with $273.4 million in equity and loan loss allowances on hand to cover it. This gives Salem Five Direct a Texas Ratio of 15.44% 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 Five Direct increased slightly from 13.83% as of June 30, 2009 to 15.44% as of June 30, 2010, resulting in a negative change of 11.64%. This indicates that the balance sheet and financial strength for Salem Five Direct has declined slightly in recent periods. Deposit Growth In the past year, Salem Five Direct has decreased it's total deposits by -$136.57 million, resulting in -7.21% 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 Five Direct has shown is below average. 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 Five Direct has $2.7 billion in assets with $273.4 million in equity, resulting in a capitalization level of 10.12%, which is below average.

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