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Bank of New England


Overview / Commentary
bankofnewengland.com
603-894-5700
31 Pelham Road
Salem, NH 03079

Bank of New England is headquartered in SALEM and is the 4th largest bank in the state of New Hampshire. It is also the 753rd largest bank in the nation. It was established in 1983 and as of June of 2024, it had grown to 98 employees at 9 locations. Bank of New England's CD rates are 4X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #24540
Year Established1983
Employees98
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.93%
Return on Equity - YTD10.87%
Annual Interest Income$49.4MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.45B$1.35B
LoansQ2 2024vs Q2 2023$1.27B$1.14B
DepositsQ2 2024vs Q2 2023$1.17B$1.09B
Equity CapitalQ2 2024vs Q2 2023$259.2MM$232.1MM
Loan Loss AllowanceQ2 2024vs Q2 2023$12.5MM$10.8MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$30.1MM$342K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Bank of New England CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$500-12 Months
3.25%$500-15 Month CD
3.04%$500-18 Month CD
2.78%$500-2 Year CD
2.27%$500-3 Year CD
2.27%$500-4 Year CD
2.27%$500-5 Year CD
1.51%$500-6 Month CD
0.25%$500-1 Months
0.25%$500-3 Month CD
Locations


Bank of New England Locations
Andover Branch12 Haverhill StreetAndover, MA 01810
Manchester Branch1589 Elm Street, Suite 102Manchester, NH 03101
Bedford Branch177 South River RoadBedford, NH 03110
Londonderry Br.1a Action BoulevardLondonderry, NH 03053
Nashua Branch295 Main StreetNashua, NH 03060
Methuen Branch3 Cross StreetMethuen, MA 01844
Bank Of New England31 Pelham RdSalem, NH 03079
Haverhill Branch37 Emerson StreetHaverhill, MA 01830
Windham Office14 Bank RoadWindham, NH 03087

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