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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 : |
2025-06-30 |
| Salem, Massachusetts, 01970 |
Updated : |
2025-08-08 |
| 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 : |
661 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 8,291,041 |
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Total Interest Income | 190,041 |
| Total Liabilities | 7,375,419 |
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Total NonInterest Income | 28,514 |
| Total Bank Equity Capital | 915,622 |
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Total Interest Expense | 97,735 |
| Total Deposits | 5,751,539 |
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Total NonInterest Expense | 72,986 |
| Net Loans & Leases | 6,324,732 |
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Net Income | 33,199 |
| Loan Loss Allowance | 70,760 |
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Net Charge Offs | 33 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 936,036 |
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Total loans | 6,270,106 |
| Total assets for the leverage ratio | 8,105,813 |
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Loans secured by real estate: | 5,151,724 |
| Tier 1 Leverage Ratio | 10.6 |
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Commercial and industrial loans | 760,799 |
| Tier 1 Capital Ratio | 13.55 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 14.76 |
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Loans to individuals - Other | 208,873 |
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:· Salem Five Cents Savings Bank
