Salem Co-operative Bank
Salem, NH
IDRSSD: 670878
Total Assets
$579.61M
Latest filing
Total Deposits
$405.22M
Latest filing
Net Interest Margin
2.21%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Salem Co-operative Bank
3 S Broadway
Salem, NH 03079
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1922FDIC Certificate 40658
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Salem Co-operative Bank (Main) | 3 S Broadway | Salem, NH |
| 284 MERRIMACK STREET | 284 Merrimack St | Methuen, MA |
Showing 1 of 1
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | N/A |
| Primary Regulator | FDIC |
| Established Date | 01/01/1922 |
| Community Bank | Yes |
| Ownership Type | Mutual |
| ZIP | 03079 |
| State and County Number | 33015 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 01 |
| Numeric code | 36 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | Boston-Cambridge-Newton, MA-NH |
Operational Info
| Number of Employees | 54 |
| Domestic Offices | 2 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 11/17/2024 |
| Date of Deposit Insurance | 08/09/1989 |
| Primary Insurance Agency | DIF |
| Website | www.salemcoop.com |
| Data Updated | 11/14/2025 |
| CERT | 27824 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $579.61M |
| Total Deposits | $405.22M |
| Total Liabilities | $516.47M |
| Total Equity Capital | $63.14M |
| Net Income | $236.00k |
| Net Loans and Leases | $477.49M |
| Assets Per Employee ($Millions) | $11.36M |
| Bank Premises and Fixed Assets | $4.82M |
| Cash and Balances due from Depository Institutions | $10.15M |
| Deposits Held in Domestic Offices | $405.22M |
Key Performance Ratios
| Return on Assets (ROA) | 0.16% |
| Return on Equity (ROE) | 1.51% |
| Net Interest Margin | 2.21% |
| Efficiency Ratio | 85.28% |
| Tier 1 Risk-Based Capital Ratio | 17.816% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.16% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.893% |
| Earning Assets to total Assets | 93.17% |
Income and Expense
| Total Interest Income | $6.53M |
| Total Noninterest Income | $230.00k |
| Total Interest Expense | $3.58M |
| Total Noninterest Expense | $2.71M |
| Net Interest Income | $2.95M |
| Pre-tax Net Operating Income | $242.00k |
| Provision for Credit Losses | $226.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $102.89M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $8.37M |
| Total Liabilities and Capital | $579.61M |
Securities
| Securities | $54.89M |
| Available-for-sale debt securities | $54.89M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Salem Co-operative Bank?
$579.61M as of the latest filing.
How much are Salem Co-operative Bank's total deposits?
$405.22M in total deposits.
Where is Salem Co-operative Bank located?
Salem, NH.
What is the Net Interest Margin?
2.21%.
How many domestic offices does it operate?
2.
When was it established?
01/01/1922.
What is the Return on Assets (ROA)?
0.16%.
How much are total loans and leases?
$477.49M (latest filing).
What is the total interest income (latest filing)?
$6.53M.