Bank of New England
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Data as of · sourced from FFIEC call reports. How we update
Bank of New England is an FDIC-insured commercial bank headquartered in Salem, NH, established in 1983 (FDIC certificate 24540), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.82B, up 4.1% from Q2 2025, the 3rd largest of 16 banks headquartered in New Hampshire. It reports no CET1 ratio; its Tier 1 leverage ratio was 16.78% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 24540
- Headquarters
- Salem, NH
- Established
- 1983
- Total assets, Q2 2026
- $1.82B
- Assets vs Q2 2025
- +4.1%
- Tier 1 leverage ratio, Q2 2026
- 16.78%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 011401850
- Latest call report
- Q2 2026, FFIEC 051 · Bank of New England call report
- Asset rank in state
- 3rd of 16 in New Hampshire
Problem loans are rising at Bank of New England. Based in Salem, New Hampshire, it had $1.8 billion in assets at June 30, 2026, up 4.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.73% of loans from 0.74% a year earlier. It earns about $2.22 a year on every $100 of assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median $1.29). It also spends about 32 cents to bring in each dollar of revenue, about half the median of 58 cents for banks its size.
Its $705 million non-owner-occupied commercial real estate book is now fully current, after 1.60% of it was past due or on nonaccrual a year earlier. Funding is the softer spot: it pays an average of 2.95% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 2.01%).
As of June 30, 2026, Bank of New England reported a return on assets of 2.22%, a nonperforming-loan ratio of 1.73% and a Texas ratio of 17.98%. The figures come from its call report filed with the FFIEC.
Bank of New England ranks as the 3rd largest of the 16 banks based in New Hampshire, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 1.5% to $1.82B, loans fell 0.7% and deposits fell 2.3%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 45.1% of total loans, followed by construction and land development loans at 37.7%. The FDIC Summary of Deposits lists 9 offices for it, in 9 cities across 2 states; its Salem office books 81% of its branch deposits. By the capital ratios in its Q2 2026 call report, Bank of New England meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 31 Pelham Rd, Salem, NH 03079
- County
- Rockingham
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 24, 1983
- Former names
- Southern New Hampshire Bank and Trust Company (1995-2007)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 110
- Domestic deposits
- $1.49B
- Allowance for credit losses
- $14.5M
- Net charge-offs (YTD)
- $949K
- Average total assets
- $1.80B
- Average total loans
- $1.55B
- Average interest-bearing deposits
- $1.37B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 24, 1983
- FDIC Cert
- 24540
- Fed RSSD
- 113601
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Bank of New England reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Bank of New England's total assets moved between a low of $1.38B (Q4 2023) and a high of $1.85B (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.82B total assets against $1.75B; $1.52B total liabilities against $1.47B.
$1.55B net loans and leases against $1.53B; $1.49B total deposits against $1.44B.
$32.6M securities against $11.3M; $172.4M cash and balances due against $152.8M.
$29.0M total interest income against $29.7M; $11.1M total interest expense against $11.9M.
$18.0M net interest income against $17.9M.
$111K total noninterest income against $102K; $5.7M total noninterest expense against $4.9M.
-$115K provision for credit losses against $532K.
$9.9M net income against $9.1M.
2.22% return on assets against 2.12%; 4.16% net interest margin against 4.33%.
16.78% tier 1 leverage ratio against 16.35%.
Inside the full Bank of New England terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Bank of New England rankings
Its closest position to the top of a national ranking is 57 of 3,606, for efficiency ratio; its furthest is 624 of 980, for uninsured deposits.
Metric pages for Bank of New England: Texas Ratio, Efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.92% (Q1 2025) to 2.48% (Q4 2025) and its net interest margin ran from 4.16% (Q2 2026) to 4.52% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.78% | 2.22% | 1.73% | 17.98% | 4.16% |
| Q1 2026 | 15.87% | 2.12% | 0.69% | 9.72% | 4.31% |
| Q4 2025 | 16.61% | 2.48% | 0.71% | 9.52% | 4.38% |
| Q3 2025 | 16.41% | 2.44% | 0.73% | 9.95% | 4.46% |
| Q2 2025 | 16.35% | 2.12% | 0.74% | 10.26% | 4.33% |
| Q1 2025 | 16.78% | 1.92% | 0.81% | 10.73% | 4.18% |
| Q4 2024 | 18.22% | 2.36% | 2.10% | 13.09% | 4.37% |
| Q3 2024 | 18.13% | 2.41% | 1.74% | 11.27% | 4.52% |
Swipe the table sideways to see every column.
Branch Network
View all 9 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bank of New England (main office) | Salem , NH | 03079 | $1.20B |
| Manchester Branch | Manchester , NH | 03101 | $62.1M |
| Andover Branch | Andover , MA | 01810 | $55.3M |
| Nashua Branch | Nashua , NH | 03060 | $43.4M |
| Londonderry Br. | Londonderry , NH | 03053 | $33.3M |
| Windham Branch | Windham , NH | 03087 | $31.7M |
| Haverhill Branch | Haverhill , MA | 01830 | $31.0M |
| Bedford Branch | Bedford , NH | 03110 | $19.8M |
| Methuen Branch | Methuen , MA | 01844 | $12.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 3, 2001 | Structure Change | Acquired First Alliance Bank and Trust Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| February 2, 2001 | Merger | Participated in FDIC Assisted Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 2.8% of deposits in NH, rank 8 of 44 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $70K approved, $70K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2012 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bank of New England
What are Bank of New England's total assets?
As of the Q2 2026 filing, Bank of New England reported total assets of $1.82 billion in its FFIEC call report.
Where is Bank of New England headquartered?
It is headquartered in Salem, NH, United States.
When was Bank of New England founded?
It was established in 1983, per the FDIC institution directory.
Is Bank of New England FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #24540). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bank of New England?
Bank of New England's primary federal regulator is the FDIC.
How many branches does Bank of New England operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bank of New England's Texas Ratio?
Its Texas Ratio is 17.98% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Bank of New England previously called?
The charter now named Bank of New England has also operated as Southern New Hampshire Bank and Trust Company (1995-2007), per FDIC structure-change records.
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