Salem Five

210 Essex Street
Salem, MA 01970
800.850.5000
www.salemfive.com

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Salem Five is headquartered in Salem and is the 7^th largest bank in the state of Massachusetts. It is also the 244^th largest bank in the nation. It was established in 1855 and as of March of 2012, it had grown to 464 employees at 23 locations. Salem Five has a 4-star health rating.

Money Market & 15-Month CD New-Branch Specials At Burlington, MA (Forum) - 5/23/2012

Salem Five is advertising the following 2 new-branch deposit specials: 1.15% APY money market account with rate guaranteed through 2012. Checking account is required 1.15% APY 15-month CD. Minimum deposit $10K ($2K for an IRA) Specials are only avai

Salem Five CD and Savings Account Promo Updates - 4/27/2011

Salem Five Bank increased the rate of its 2-year CD special from 1.50% to 1.75% APY. Its other two special CD rates remain the same and not too competitive: 2.50% APY for 5 years and 1.10% APY for 14 ...

Update on Salem Five Bank's CD Specials - Available Nationwide - 1/12/2011

Salem Five Bank increased the rate of its 2-year CD special from 1.50% to 1.75% APY. Its other two special CD rates remain the same: 2.75% APY for 5 years and 1.35% APY for 14 months. Minimum deposit ...

Competitive CD Specials at Salem Five Bank - Available Nationwide - 12/15/2010

Salem Five Bank is offering three special CDs: a 2.75% APY 5-year CD, a 1.50% APY 2-year CD and a 1.35% APY 14-month CD. Minimum deposit is $10K for a regular CD and $2K for an IRA CD. These CD rates ...

2010

7/4 - $100 Gift Card Bonus For Opening A Checking Account At Salemfive In MA (Forum)

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See Rates for: Checking | Savings | Money Market | CD | IRA

Salem Five Checking Account Rates

Apy	Min	Max	Product
0.02%	-	-	Star Checkinig
0.02%	-	-	Gold Star Checking
0.02%	$100	-	Smart Student Checking

Salem Five Savings Account Rates

Apy	Min	Max	Product
0.25%	$100	-	Gold Star Saver
0.25%	-	-	Star Savings
0.05%	-	-	Statement Savings

Salem Five Money Market Rates

Apy	Min	Max	Product
0.25%	$100k	-	Star Money Market
0.25%	$100k	-	Online Money Market
0.25%	$100k	-	Advantage Money Market
0.05%	$500	-	IRA Money Market
0.05%	$500	-	Roth IRA Money Market
0.05%	$500	-	CESA Money Market
0.05%	$500	-	SEP IRA Money Market

Salem Five CD Rates

Apy	Min	Max	Product
1.65%	$25k	-	5 Year Callable CD - 12 Month Lock
1.60%	$10k	-	60 Month Relationship CD
1.45%	$500	-	60 Month CD
1.30%	$500	-	42 - 59 Month CD
1.10%	$10k	-	36 Month Relationship CD
1.05%	$25k	-	3 Year Callable CD - 6 Month Lock
1.05%	$25k	-	3 Year Callable CD - 12 Month Lock
1.00%	$10k	-	18 Month Relationship CD
1.00%	$10k	-	24 Month Relationship CD
0.85%	$500	-	30 - 41 Month CD
0.75%	$10k	-	12 Month Relationship CD
0.60%	$500	-	18 - 29 Month CD
0.45%	$500	-	12 - 17 Month CD
0.40%	$10k	-	9 Month Relationship CD
0.35%	$10k	-	9 Month No Penalty CD
0.30%	$2,500	-	182 - 364 Day CD
0.25%	$2,500	-	91 - 181 Day CD

Salem Five IRA Rates

Apy	Min	Max	Product
1.60%	$2k	-	60 Month Relationship IRA
1.60%	$2k	-	60 Month Relationship Roth IRA
1.60%	$2k	-	60 Month Relationship CESA
1.60%	$2k	-	60 Month Relationship SEP IRA
1.45%	$500	-	60 Month IRA
1.45%	$500	-	60 Month Roth IRA
1.45%	$500	-	60 Month CESA
1.45%	$500	-	60 Month SEP IRA
1.30%	$500	-	42 - 59 Month IRA
1.30%	$500	-	42 - 59 Month Roth IRA
1.30%	$500	-	42 - 59 Month CESA
1.30%	$500	-	42 - 59 Month SEP IRA
1.10%	$2k	-	36 Month Relationship IRA
1.10%	$2k	-	36 Month Relationship Roth IRA
1.10%	$2k	-	36 Month Relationship CESA
1.10%	$2k	-	36 Month Relationship SEP IRA
1.00%	$2k	-	18 Month Relationship IRA
1.00%	$2k	-	24 Month Relationship IRA
1.00%	$2k	-	18 Month Relationship Roth IRA
1.00%	$2k	-	24 Month Relationship Roth IRA
1.00%	$2k	-	18 Month Relationship CESA
1.00%	$2k	-	18 Month Relationship SEP IRA
1.00%	$2k	-	24 Month Relationship CESA
1.00%	$2k	-	24 Month Relationship SEP IRA
0.85%	$500	-	30 - 41 Month IRA
0.85%	$500	-	30 - 41 Month Roth IRA
0.85%	$500	-	30 - 41 Month CESA
0.85%	$500	-	30 - 41 Month SEP IRA
0.75%	$2k	-	12 Month Relationship IRA
0.75%	$2k	-	12 Month Relationship Roth IRA
0.75%	$2k	-	12 Month Relationship CESA
0.75%	$2k	-	12 Month Relationship SEP IRA
0.60%	$500	-	18 - 29 Month IRA
0.60%	$500	-	18 - 29 Month Roth IRA
0.60%	$500	-	18 - 29 Month CESA
0.60%	$500	-	18- 29 Month SEP IRA
0.45%	$500	-	12 - 17 Month IRA
0.45%	$500	-	12 - 17 Month Roth IRA
0.45%	$500	-	12 - 17 Month CESA
0.45%	$500	-	12 - 17 Month SEP IRA
0.40%	$2k	-	9 Month Relationship IRA
0.40%	$2k	-	9 Month Relationship Roth IRA
0.40%	$2k	-	9 Month Relationship CESA
0.40%	$2k	-	9 Month Relationship SEP IRA
0.30%	$500	-	182 - 364 Day IRA
0.30%	$500	-	182 - 364 Day Roth IRA
0.30%	$500	-	182 - 364 Day CESA
0.30%	$500	-	182 - 364 Day SEP IRA
0.25%	$500	-	91 - 181 Day IRA
0.25%	$500	-	91 - 181 Day Roth IRA
0.25%	$500	-	91 - 181 Day CESA
0.25%	$500	-	91 - 181 Day SEP IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Salem Five Cents Savings Bank
FDIC Certificate #	23296
BankRate Report	View
Year Established	1855
Employees	464
Primary Regulator	FDIC
Assets and Liabilities
Assets	$2.92 billion
Loans	$2.00 billion
Deposits	$2.02 billion
Equity Capital	$263.75 million
Loan Loss Allowance	$19.50 million
Unbacked Noncurrent Loans	$30.76 million
Real Estate Owned	$7.29 million
Historic Data - March 2011
Assets	$2.78 billion
Equity Capital	$269.14 million
Loan Loss Allowance	$19.25 million
Unbacked Noncurrent Loans	$43.82 million
Real Estate Owned	$5.59 million
Profit Margin - Quarterly
Net Interest Margin	3.21%
Return on Assets	1.02%
Return on Equity	10.79%
Interest Income	$30.36 million

Institution Health

Overall Score:

4 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 March 31, 2012 Salem Five had $38.05 million in non-current loans and owned real-estate with $283.25 million in equity and loan loss allowances on hand to cover it. This gives Salem Five a Texas Ratio of 13.43% 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 Salem Five decreased slightly from 17.04% as of March 31, 2011 to 13.43% as of March 31, 2012, resulting in a positive change of 21.15%.This indicates that the balance sheet and financial strength for Salem Five has improved slightly in recent periods.
Deposit Growth
In the past year, Salem Five has increased its total deposits by $127.83 million, resulting in 6.75% 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 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 Five has $2.92 billion in assets with $283.25 million in equity, resulting in a capitalization level of 9.70%, which is average.