Bank of Salem

Overview / Commentary
207 Church Street
Salem, AR 72576

Bank of Salem is headquartered in SALEM and is the 63rd largest bank in the state of Arkansas. It is also the 3,181st largest bank in the nation. It was established in 1908 and as of September of 2023, it had grown to 39 employees at 3 locations. Bank of Salem's CD rates are 5X the national average, and it has an A 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 Grade Components

FDIC Certificate #11243
Year Established1908
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.86%
Return on Equity - YTD17.3%
Annual Interest Income$7MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$178.5MM$179.8MM
LoansQ3 2023vs Q3 2022$126.8MM$115.2MM
DepositsQ3 2023vs Q3 2022$159MM$161.7MM
Equity CapitalQ3 2023vs Q3 2022$19.2MM$17.9MM
Loan Loss AllowanceQ3 2023vs Q3 2022$2.4MM$2.4MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$546K$470K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Bank of Salem; we are a rate comparison website and cannot provide official rates or promotions.

* 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

2.52%$5$10kChristmas Club
0.50%--Statement Savings
0.50%--Kid's Club
0.50%--Student Savings
0.40%--Health Savings Account

Bank of Salem Money Market Rates

0.85%*$50k*-Money Market Investor
OTHER TIERS: 0.55% $2.5k - $10k | 0.65% $10k - $25k | 0.75% $25k - $50k

Bank of Salem Checking Account Rates

0.40%--NOW Account

Bank of Salem CD Rates

5.25%$500-182 Day CD
4.86%$500-15 Month CD
4.59%$500-12 Month CD
3.45%$500-18 Month CD
2.79%$500-24 Month CD
2.79%$500-36 Month CD
2.79%$500-48 Month CD
2.79%$500-60 Month CD
2.53%$500-91 Day CD

Bank of Salem IRA Rates

5.25%--6 Month Fixed Rate IRA
4.84%--15 Month Fixed Rate IRA
4.58%-- 12 Month Fixed Rate IRA
3.44%--18 Month Variable Rate IRA
2.78%--24 Month Fixed Rate IRA
2.78%--36 Month Fixed Rate IRA
2.78%--48 Month Fixed Rate IRA
2.78%--60 Month Fixed Rate IRA

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

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