Banks | Salem Co-operative Bank

Salem Co-operative Bank


Salem Co-operative Bank is an FDIC insured institution headquartered at 3 S Broadway, Salem, NH 03079.
It was founded in 1922 and has approximately $1 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - December 25, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.35% $10,000 Compare
6 Mo CD
0.35% $100,000 Compare
12 Mo CD
0.50% $10,000 Compare
12 Mo CD
0.50% $100,000 Compare
18 Mo CD
0.75% $10,000 Compare
18 Mo CD
0.75% $100,000 Compare
24 Mo CD
0.75% $10,000 Compare
24 Mo CD
0.75% $100,000 Compare
30 Mo CD
1.00% $10,000 Compare
30 Mo CD
1.00% $100,000 Compare
36 Mo CD
1.00% $10,000 Compare
36 Mo CD
1.00% $100,000 Compare
48 Mo CD
1.25% $10,000 Compare
48 Mo CD
1.25% $100,000 Compare
60 Mo CD
1.25% $10,000 Compare
60 Mo CD
1.25% $100,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27824
Date Established 1922
Assets $ 557.17 million
Loans $ 457.68 million
Deposits $ 362.99 million
Capital $ 64.56 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 10.12 million
Interest-bearing balances $ 8.10 million
Total securities $ 52.36 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 457.68 million
Loan loss allowance $ 2.87 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.61 million
Goodwill and other intangibles N.A.
All other assets $ 24.58 million
     Total Assets $ 492.61 million

LIABILITIES
Total deposits $ 362.99 million
      Interest-bearing deposits $ 312.80 million
      Deposits held in domestic offices $ 362.99 million
      % insured (estimated) 90.10%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 23.48 million
Subordinated debt N.A.
All other liabilities $ 7.09 millionn
      Total Liabilities $ 492.61 million
      Shareholders’ Equity $ 64.56 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 11.01 million
Total Interest Expense $ 6.88 million
Net interest income $ 4.13 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 0.38 million
Total non interest expense $ 5.89 million
Pre-tax Net Operating Income $ 1.13 million

Customer Reviews for Salem Co-operative Bank

There are currently no comments for Salem Co-operative Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review


Rate it here →


Branches

Click on location and enter new zip number to change.
Your current location is: Columbus, OH

Salem Co-operative Bank Locations

Other Banks to Consider