Salem Co-operative Bank is headquartered in Salem and is the 12th largest bank in the state of New Hampshire. It is also the 1,743rd largest bank in the nation. It was established in 1922 and as of December of 2020, it had grown to 68 employees at 2 locations. Salem Co-operative Bank has an A+ health rating.
Overall | |
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FDIC Certificate # | 27824 |
Year Established | 1922 |
Employees | 68 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.35% |
Return on Equity - YTD | 2.34% |
Annual Interest Income | $16.2MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $469.4MM$453.8MM |
Loans | Q4 2020vs Q4 2019 | $335.1MM$358.0MM |
Deposits | Q4 2020vs Q4 2019 | $327.6MM$306.3MM |
Equity Capital | Q4 2020vs Q4 2019 | $70.7MM$68.2MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $3.1MM$2.9MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.2MM$1.6MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |
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* 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 | |
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0.40%* | $250k* | - | Business Money Market Account | ||
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | 0.35% → $100k - $250k |
Salem Co-operative Bank Locations | ||
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284 Merrimack Street | 284 Merrimack Street | Methuen, MA 01844 |
Salem Co-Operative Bank | 3 South Broadway | Salem, NH 03079 |