Bank of New England

Overview / Commentary
31 Pelham Road
Salem, NH 03079

Bank of New England is headquartered in Salem and is the 5th largest bank in the state of New Hampshire. It is also the 829th largest bank in the nation. It was established in 1983 and as of June of 2022, it had grown to 94 employees at 9 locations. Bank of New England's CD rates are 4X the national average, and it boasts an A+ health rating.


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Health Grade Components

FDIC Certificate #24540
Year Established1983
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.15%
Return on Equity - YTD13.94%
Annual Interest Income$31.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.23B$1.18B
LoansQ2 2022vs Q2 2021$1.03B$992.4MM
DepositsQ2 2022vs Q2 2021$1.01B$995.6MM
Equity CapitalQ2 2022vs Q2 2021$199.0MM$174.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$12.7MM$11.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$782.00K$915.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Bank of New England CD Rates

3.25%$500-12-23 Month CD
3.04%$500-18 Month CD
2.78%$500-24-35 Month CD
2.27%$500-36-47 Month CD
2.27%$500-48-59 Month CD
2.27%$500-60 Month CD
1.51%$500-91-182 Day CD
1.51%$500-183-364 Day CD
0.25%$500-7-30 Day CD
0.25%$500-31-90 Day CD

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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