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 Salem Five Cents Savings Bank
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Salem Five Cents Savings Bank
| RSSD ID 618807 | CERTIFICATE 23296 | ABA NUMBER 211370558 |
| 71 Washington St |
Quarter Ended : |
2026-03-31 |
| Salem, Massachusetts, 1970 |
Updated : |
2026-04-20 |
| www.salemfive.com |
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| Institution Profile |
| Year Opened : |
1855 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
34 |
Number of Employees : |
666 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 8,568,434 |
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Total Interest Income | 99,420 |
| Total Liabilities | 7,583,166 |
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Total NonInterest Income | 16,137 |
| Total Bank Equity Capital | 985,268 |
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Total Interest Expense | 48,027 |
| Total Deposits | 6,007,790 |
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Total NonInterest Expense | 39,368 |
| Net Loans & Leases | 6,537,593 |
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Net Income | 19,463 |
| Loan Loss Allowance | 80,812 |
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Net Charge Offs | (8) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 962,055 |
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Total loans | 6,602,810 |
| Total assets for the leverage ratio | 8,406,445 |
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Loans secured by real estate: | 5,342,972 |
| Tier 1 Leverage Ratio | 10.46 |
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Commercial and industrial loans | 859,851 |
| Tier 1 Capital Ratio | 13.3 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 14.55 |
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Loans to individuals - Other | 217,104 |
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:· Salem Five Cents Savings Bank
