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Overview / Commentary
870-895-2591
207 Church Street
Salem, AR 72576

Bank of Salem is headquartered in Salem and is the 68th largest bank in the state of Arkansas. It is also the 3,888th largest bank in the nation. It was established in 1908 and as of March of 2016, it had grown to 41 employees at 3 locations. Bank of Salem has a B+ health rating.

Reviews (1)

Super Easy Bank To Deal With.....

Called today 5/5/11 to open their 18 month, 1.56% CD, spoke to Vera and unfortunately tomorrow is her last day because she was absolutely one of the nicest people I've ever dealt with at a bank.  She took all my info over the phone, I scanned her a copy of my DL, I'm mailing a check to the bank today, the rate is locked in until my check gets there.  Couldn't have been easier.



Health
B+

Health Grade Components

Overall
FDIC Certificate #11243
Year Established1908
Employees41
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD11.49%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$131.1MM$130.1MM
LoansQ1 2016vs Q1 2015$102.5MM$104.7MM
DepositsQ1 2016vs Q1 2015$114.3MM$110.4MM
Equity CapitalQ1 2016vs Q1 2015$13.7MM$16.1MM
Loan Loss AllowanceQ1 2016vs Q1 2015$2.7MM$2.6MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$2.2MM$2.6MM
Real Estate OwnedQ1 2016vs Q1 2015$356.00K$925.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of Salem Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Christmas Club
0.15%$100-Statement Savings
0.15%--Kid's Club
0.15%--Student Savings
0.10%--Health Savings Account

Bank of Salem Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$2,500-Money Market Investor

Bank of Salem Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-NOW Account

Bank of Salem CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-48 Month CD
0.80%$500-36 Month CD
0.60%$500-24 Month CD
0.50%$500-18 Month CD
0.35%$500-12 Month CD
0.25%$500-182 Day CD
0.10%$500-91 Day CD

Bank of Salem IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$100-48 Month Fixed Rate IRA
0.80%$100-36 Month Fixed Rate IRA
0.60%$100-24 Month Fixed Rate IRA
0.50%$100-18 Month Variable Rate IRA
Locations


Bank of Salem Locations
Bank Of Salem207 Church StreetSalem, AR 72576
Mammoth Spring Bank Branch465 W Main StreetMammoth Spring, AR 72554
Viola Branch9338 Hwy 62 WestViola, AR 72583