Salem Co-operative Bank


Overview / Commentary
603-893-3333
3 South Broadway
Salem, NH 03079

Salem Co-operative Bank is headquartered in Salem and is the 13th largest bank in the state of New Hampshire. It is also the 1,818th largest bank in the nation. It was established in 1922 and as of June of 2022, it had grown to 60 employees at 2 locations. Salem Co-operative Bank has an A health rating.

Reviews

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Health

Health Grade Components

Overall
FDIC Certificate #27824
Year Established1922
Employees60
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD2.53%
Annual Interest Income$7.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$469.9MM$478.0MM
LoansQ2 2022vs Q2 2021$376.9MM$333.1MM
DepositsQ2 2022vs Q2 2021$371.7MM$350.6MM
Equity CapitalQ2 2022vs Q2 2021$67.6MM$71.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$3.1MM$3.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$861.00K$1.2MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Salem Co-operative Bank are currently being reviewed.

Locations


Salem Co-operative Bank Locations
284 Merrimack Street284 Merrimack StreetMethuen, MA 01844
Salem Co-Operative Bank3 S BroadwaySalem, NH 03079

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