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 3,291^st 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.

Reviews (1)

Write a Review

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 Q1 2022

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	1.97%
Return on Equity - YTD	18.85%
Annual Interest Income	$1.9MM

Assets and Liabilities
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

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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
0.25%	$100	-	Statement Savings
0.25%	$10	-	Kid's Club
0.25%	-	-	Student Savings
0.20%	-	-	Health Savings Account

Bank of Salem Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$2.5k	-	Money Market Investor

Bank of Salem Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$1k	-	NOW Account

Bank of Salem CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

Bank of Salem IRA Rates

APY	MIN	MAX	ACCOUNT NAME
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

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.