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 Salem Five Cents Savings Bank
Salem Five Cents Savings Bank
| RSSD ID 618807 | CERTIFICATE 23296 | ABA NUMBER 211370558 |
| 71 Washington St |
Quarter Ended : |
2025-03-31 |
| Salem, Massachusetts, 1970 |
Updated : |
2025-04-28 |
| 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 : |
643 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 8,046,347 |
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Total Interest Income | 92,347 |
| Total Liabilities | 7,147,276 |
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Total NonInterest Income | 14,283 |
| Total Bank Equity Capital | 899,071 |
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Total Interest Expense | 48,034 |
| Total Deposits | 5,641,218 |
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Total NonInterest Expense | 36,748 |
| Net Loans & Leases | 6,064,232 |
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Net Income | 15,059 |
| Loan Loss Allowance | 69,272 |
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Net Charge Offs | 21 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 915,889 |
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Total loans | 6,035,617 |
| Total assets for the leverage ratio | 7,873,542 |
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Loans secured by real estate: | 4,951,372 |
| Tier 1 Leverage Ratio | 10.68 |
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Commercial and industrial loans | 734,828 |
| Tier 1 Capital Ratio | 13.64 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 14.86 |
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Loans to individuals - Other | 200,572 |
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:· Salem Five Cents Savings Bank
