Salem Five Cents Savings Bank
Salem, MA
IDRSSD: 618807
Total Assets
$8.43B
Latest filing
Total Deposits
$5.83B
Latest filing
Net Interest Margin
2.51%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Salem Five Cents Savings Bank
71 Washington St
Salem, MA 01970
Full Service - Brick and Mortar
Updated 11/14/2025Established 03/09/1855FDIC Certificate 16329
Branches (33)
Page 1 of 5| Name | Address | City / State |
|---|---|---|
| Salem Five Cents Savings Bank (Main) | 71 Washington St | Salem, MA |
| GEORGETOWN HEAD OFF BR | 2 E Main St | Georgetown, MA |
| STONEHAM MAIN OFF | 359 Main St | Stoneham, MA |
| HIGH STREET BRANCH | 85 High St | Danvers, MA |
| ROWLEY BRANCH | 303 Haverhill St | Rowley, MA |
| SALEM BRANCH | 424 Essex St | Salem, MA |
| SOUTH HAMILTON BRANCH | 2 Bay Rd | South Hamilton, MA |
| SWAMPSCOTT BRANCH | 450 Paradise Rd | Swampscott, MA |
Showing 7 of 33
Quarterly Trends
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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 | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 03/09/1855 |
| Community Bank | No |
| Ownership Type | Not Mutual |
| ZIP | 01970 |
| State and County Number | 25009 |
| Subchapter S Corporations | No |
| Trust Powers | Full Trust Powers Granted |
| Federal Reserve ID Number | 01 |
| Numeric code | 21 |
| 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 | 661 |
| Domestic Offices | 34 |
| 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 | 01/02/1981 |
| Primary Insurance Agency | DIF |
| Website | http://www.salemfive.com |
| Data Updated | 11/14/2025 |
| CERT | 23296 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $8.43B |
| Total Deposits | $5.83B |
| Total Liabilities | $7.49B |
| Total Equity Capital | $935.46M |
| Net Income | $19.13M |
| Net Loans and Leases | $6.45B |
| Assets Per Employee ($Millions) | $13.17M |
| Bank Premises and Fixed Assets | $45.16M |
| Cash and Balances due from Depository Institutions | $42.27M |
| Deposits Held in Domestic Offices | $5.83B |
Key Performance Ratios
| Return on Assets (ROA) | 0.92% |
| Return on Equity (ROE) | 8.27% |
| Net Interest Margin | 2.51% |
| Efficiency Ratio | 53.95% |
| Tier 1 Risk-Based Capital Ratio | 12.938% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.25% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 11.102% |
| Earning Assets to total Assets | 94.81% |
Income and Expense
| Total Interest Income | $101.24M |
| Total Noninterest Income | $16.73M |
| Total Interest Expense | $51.45M |
| Total Noninterest Expense | $36.36M |
| Net Interest Income | $49.79M |
| Pre-tax Net Operating Income | $24.88M |
| Provision for Credit Losses | $5.28M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $10.16M |
| Other borrowed funds | $1.50B |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $62.07M |
| All Other Liabilities | $96.41M |
| Total Liabilities and Capital | $8.43B |
Securities
| Securities | $1.53B |
| Available-for-sale debt securities | $413.86M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $1.11B |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Salem Five Cents Savings Bank?
$8.43B as of the latest filing.
How much are Salem Five Cents Savings Bank's total deposits?
$5.83B in total deposits.
Where is Salem Five Cents Savings Bank located?
Salem, MA.
What is the Net Interest Margin?
2.51%.
How many domestic offices does it operate?
34.
When was it established?
03/09/1855.
What is the Return on Assets (ROA)?
0.92%.
How much are total loans and leases?
$6.45B (latest filing).
What is the total interest income (latest filing)?
$101.24M.