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 - February 23, 2025

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 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27824
Date Established 1922
Assets $ 565.60 million
Loans $ 465.22 million
Deposits $ 371.88 million
Capital $ 63.54 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 9.86 million
Interest-bearing balances $ 5.42 million
Total securities $ 53.38 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 465.22 million
Loan loss allowance $ 2.83 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 $ 502.06 million

LIABILITIES
Total deposits $ 371.88 million
      Interest-bearing deposits $ 321.28 million
      Deposits held in domestic offices $ 371.88 million
      % insured (estimated) 89.83%
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 $ 502.06 million
      Shareholders’ Equity $ 63.54 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 16.84 million
Total Interest Expense $ 10.65 million
Net interest income $ 6.19 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.59 million
Total non interest expense $ 10.27 million
Pre-tax Net Operating Income $ 1.13 million

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