Overview / Commentary
Bank of New England is headquartered in Salem and is the 4th largest bank in the state of New Hampshire. It is also the 826th largest bank in the nation. It was established in 1983 and as of June of 2019, it had grown to 109 employees at 9 locations. Bank of New England has a B+ health rating.
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Health
B+
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 24540 |
| Year Established | 1983 |
| Employees | 109 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.69% |
| Return on Equity - YTD | 11.62% |
| Annual Interest Income | $25.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $959.8MM$868.7MM |
| Loans | Q2 2019vs Q2 2018 | $830.2MM$766.0MM |
| Deposits | Q2 2019vs Q2 2018 | $808.3MM$741.4MM |
| Equity Capital | Q2 2019vs Q2 2018 | $140.6MM$125.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $9.5MM$8.5MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.7MM$1.8MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
Rates for Bank of New England are currently being reviewed.
Locations
| Bank of New England Locations | ||
|---|---|---|
| Andover Branch | 12 Haverhill Street | Andover, MA 01810 |
| Manchester Branch | 1589 Elm Street, Suite 102 | Manchester, NH 03101 |
| Bedford Branch | 177 South River Road | Bedford, NH 03110 |
| Londonderry Br. | 1a Action Boulevard | Londonderry, NH 03053 |
| Nashua Branch | 295 Main Street | Nashua, NH 03060 |
| Methuen Branch | 3 Cross Street | Methuen, MA 01844 |
| Bank Of New England | 31 Pelham Road | Salem, NH 03079 |
| Haverhill Branch | 37 Emerson Street | Haverhill, MA 01830 |
| Windham Office | 58 Range Road | Windham, NH 03087 |