Bank of Salem is headquartered in Salem and is the 64th largest bank in the state of Arkansas. It is also the 3,291st largest bank in the nation. It was established in 1908 and as of March of 2022, it had grown to 37 employees at 3 locations. Bank of Salem has an A health rating.
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.
Overall | |
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FDIC Certificate # | 11243 |
Year Established | 1908 |
Employees | 37 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.97% |
Return on Equity - YTD | 18.85% |
Annual Interest Income | $1.9MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $177.6MM$172.7MM |
Loans | Q1 2022vs Q1 2021 | $113.7MM$114.9MM |
Deposits | Q1 2022vs Q1 2021 | $159.3MM$154.2MM |
Equity Capital | Q1 2022vs Q1 2021 | $18.2MM$18.3MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $2.4MM$2.3MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $486.00K$1.1MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.50% | - | $10k | Christmas Club | |
0.25% | $100 | - | Statement Savings | |
0.25% | $10 | - | Kid's Club | |
0.25% | - | - | Student Savings | |
0.20% | - | - | Health Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | $2.5k | - | Money Market Investor |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.20% | $1k | - | NOW Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.80% | $500 | - | 48 Month CD | |
0.75% | $500 | - | 36 Month CD | |
0.65% | $500 | - | 24 Month CD | |
0.60% | $500 | - | 18 Month CD | |
0.50% | $500 | - | 12 Month CD | |
0.40% | $500 | - | 182 Day CD | |
0.25% | $500 | - | 91 Day CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.80% | - | - | 48 Month Fixed Rate IRA | |
0.75% | - | - | 36 Month Fixed Rate IRA | |
0.65% | - | - | 24 Month Fixed Rate IRA | |
0.60% | - | - | 18 Month Variable Rate IRA |
Bank of Salem Locations | ||
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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 |