Bank of Salem Reports – 931047

Bank of Salem Financial Reports

Quater Ended: 2023-12-31

Bank of Salem is a N/A located in Salem, AR. Established on 12/09/1908, the bank is regulated by the FED and has 3 domestic offices. It operates in the N/A.

The bank has 39 employees and holds $180,944k in total assets. With a focus on community banking, the bank has been serving its customers since 12/09/1908.

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Bank of Salem Institution Profile

Established Date 12/09/1908 Institution Class N/A
Primary Regulator FED Number of Domestic Offices 3
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 39 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 72576
Ownership Type Not Mutual City Salem
State Alpha code AR State and County Number 5049
Subchapter S Corporations Yes Trust Powers Trust Powers Not Known
Federal Reserve ID Number 8 Federal Reserve ID Number Description ST. LOUIS
Office of The Comptroller District: SOUTHERN DISTRICT Office of Thrift Supervision Region Western
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Bank of Salem with our “Institution Profile” table. The 12/09/1908 marks the bank’s inception, providing historical context. Categorized as a N/A, the bank operates under the oversight of FED, ensuring compliance and regulatory adherence.

3 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Salem, AR, and 72576 provide geographic context. Explore these attributes to gain a holistic view of Bank of Salem in the financial landscape.

Bank of Salem Financials

(USD, in thousands)

Total Assets 180,944 Total Liabilities 160,719
Total Equity Capital 20,225 Total Deposits 160,522
Net Loans and Leases 130,670 Total Interest Income 2,642
Total Noninterest Income 252 Total Interest Expense 792
Total Noninterest Expense 1,448 Tier 1 Risk-Based Capital Ratio 0
Net Loans and Leases to Core Deposits 92 Return on Assets 1
Return on Equity 12 Efficiency Ratio 69

Financial Performance Overview

Gain a comprehensive perspective on Bank of Salem’s financial landscape through our “Financials” table. The bank boasts total assets of $180,944k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $160,719k and total equity capital at $20,225k.

Delve into key operational metrics, including total deposits of $160,522k, net loans and leases at $131k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 0, and Return on Assets at 1.36. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Bank of Salem’s performance and competitive positioning within the financial industry.

Bank of Salem Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 0 Net Loans and Leases to Core Deposits 92
Tier 1 Risk-Based Capital Ratio 0 Securities Gains (Losses) 0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 2
Yield on Earning Assets 6 Total Interest Income 2,642
Applicable Income Taxes 20 Loss Allowance to Loans and Leases 2
Net Loans and Leases 130,670 Loss Allowance to Noncurrent Loans and Leases 793
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 611
Net Interest Income 1,850 Net Interest Margin 4
Net Operating Income to Assets 1 Noninterest Income to Average Assets 1
Total Noninterest Income 252 Noninterest Expense to Average Assets 3
Total Noninterest Expense 1,448 Net Charge-Offs to Loans and Leases 0
All Other Assets 7,518 Other Real Estate Owned 0
Other borrowed funds 0 Pre-tax Net Operating Income 631
Pretax Return on Assets 1 Return on Assets 1
Retained Earnings to Average Equity (YTD only) 5

Insights into Financial Metrics

Enhance your understanding of Bank of Salem’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $130,670k and Net Interest Income $1,850k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 0 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.02 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$252k and evaluate operational efficiency using metrics like Efficiency Ratio: 68.89. This nuanced financial overview empowers a comprehensive analysis of Bank of Salem’s strategic financial position and performance in the industry.

This table provides key financial information about Bank of Salem. Get more data about Bank of Salem on Visbanking Report Portal.