Bank of Salem

Overview / Commentary

www.bksalem.net

870-895-2591

207 Church Street
Salem, AR 72576

Bank of Salem is headquartered in Salem and is the 64^th largest bank in the state of Arkansas. It is also the 3,414^th largest bank in the nation. It was established in 1908 and as of December of 2019, it had grown to 37 employees at 3 locations. Bank of Salem's CD rates are 11% higher than the national average, and it has an A health rating.

Reviews (1)

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Super Easy Bank To Deal With.....

Posted by: WonderingWoman | May 5, 2011

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.

Comment

Health

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	11243
Year Established	1908
Employees	37
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.5%
Return on Equity - YTD	12.9%
Annual Interest Income	$7.5MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$144.9MM$134.9MM
Loans	Q4 2019vs Q4 2018	$116.3MM$107.8MM
Deposits	Q4 2019vs Q4 2018	$128.0MM$118.8MM
Equity Capital	Q4 2019vs Q4 2018	$16.7MM$15.8MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$2.1MM$2.3MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$1.3MM$1.4MM
Real Estate Owned	Q4 2019vs Q4 2018	$279.00K$121.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	$10k	Christmas Club
0.35%	$100	-	Statement Savings
0.35%	$10	-	Kid's Club
0.35%	-	-	Student Savings
0.10%	-	-	Health Savings Account

Bank of Salem Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$25k^*	-	Money Market Investor
OTHER TIERS: 0.15% → $2.5k - $25k

Bank of Salem Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$1k	-	NOW Account

Bank of Salem CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%	$500	-	48 Month CD
1.36%	$500	-	36 Month CD
1.26%	$500	-	24 Month CD
1.11%	$500	-	18 Month CD
1.00%	$500	-	12 Month CD
0.75%	$500	-	91 Day CD
0.75%	$500	-	182 Day CD

Bank of Salem IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%	-	-	48 Month Fixed Rate IRA
1.36%	-	-	36 Month Fixed Rate IRA
1.26%	-	-	24 Month Fixed Rate IRA
1.11%	-	-	18 Month Variable Rate IRA

Locations

Bank of Salem Locations
Bank Of Salem	207 Church Street	Salem, AR 72576
Mammoth Spring Bank Branch	465 W Main Street	Mammoth Spring, AR 72554
Viola Branch	9338 Hwy 62 West	Viola, AR 72583

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