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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 64th largest bank in the state of Arkansas. It is also the 3,414th 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 has an A health rating.

Reviews (1)

Super Easy Bank To Deal With.....

Posted by: |

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.

3


Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11243
Year Established1908
Employees37
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.5%
Return on Equity - YTD12.9%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$144.9MM$134.9MM
LoansQ4 2019vs Q4 2018$116.3MM$107.8MM
DepositsQ4 2019vs Q4 2018$128.0MM$118.8MM
Equity CapitalQ4 2019vs Q4 2018$16.7MM$15.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.1MM$2.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.3MM$1.4MM
Real Estate OwnedQ4 2019vs Q4 2018$279.00K$121.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%-$10kChristmas Club
0.25%$100-Statement Savings
0.25%$10-Kid's Club
0.25%--Student Savings
0.10%--Health Savings Account

Bank of Salem Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$25k*-Money Market Investor
OTHER TIERS: 0.15% → $2.5k - $25k

Bank of Salem Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-NOW Account

Bank of Salem CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$500-48 Month CD
0.90%$500-36 Month CD
0.75%$500-24 Month CD
0.60%$500-12 Month CD
0.60%$500-18 Month CD
0.50%$500-182 Day CD
0.25%$500-91 Day CD

Bank of Salem IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--48 Month Fixed Rate IRA
0.90%--36 Month Fixed Rate IRA
0.75%--24 Month Fixed Rate IRA
0.60%--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

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