Salem Co-Operative Bank
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Data as of · sourced from FFIEC call reports. How we update
Salem Co-Operative Bank is an FDIC-insured savings and loan association headquartered in Salem, NH, established in 1922 (FDIC certificate 27824), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $580.0M, up 1.5% from Q2 2025, the 10th largest of 16 banks headquartered in New Hampshire. Its CET1 capital ratio was 18.04% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings and loan association
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 27824
- Headquarters
- Salem, NH
- Established
- 1922
- Total assets, Q2 2026
- $580.0M
- Assets vs Q2 2025
- +1.5%
- CET1 ratio, Q2 2026
- 18.04%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 211472977
- Latest call report
- Q2 2026, FFIEC 051 · Salem Co-Operative Bank call report
- Asset rank in state
- 10th of 16 in New Hampshire
Salem Co-Operative Bank spends more to run itself than most banks of its size. It reported $580 million in assets at June 30, 2026, up 1.5% from a year earlier. It earns about $0.23 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 86 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.26% of loans from 0.43%. Its margin is thin by comparison: it keeps 2.41 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.95 cents).
As of June 30, 2026, Salem Co-Operative Bank reported a CET1 capital ratio of 18.04%, a return on assets of 0.23%, a nonperforming-loan ratio of 0.26% and a Texas ratio of 1.86%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Salem Co-Operative Bank is the 10th largest of the 16 banks headquartered in New Hampshire. Between Q1 2026 and Q2 2026, its total assets rose 1.7% to $580.0M, loans rose 2.6% and deposits rose 0.5%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 64.2% of total loans, followed by non-owner-occupied commercial real estate loans at 8.7%. Its 2 offices in the FDIC Summary of Deposits are in Salem, NH and Methuen, MA; its Salem office books 79% of its branch deposits. Judged on its Q2 2026 call report, Salem Co-Operative Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3 S Broadway, Salem, NH 03079
- County
- Rockingham
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- State-chartered stock savings and loan association, FDIC-supervised (pre-2011 OTS)
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1922
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 52
- Domestic deposits
- $405.9M
- Allowance for credit losses
- $3.1M
- Net charge-offs (YTD)
- $86K
- Average total assets
- $575.3M
- Average total loans
- $477.7M
- Average interest-bearing deposits
- $345.1M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 27824
- Fed RSSD
- 670878
- Website
- www.salemcoop.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Salem Co-Operative Bank's total assets moved between a low of $525.4M (Q3 2023) and a high of $580.0M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 5 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$580.0M total assets against $571.6M; $516.1M total liabilities against $509.5M.
$483.0M net loans and leases against $468.5M; $405.9M total deposits against $388.2M.
$51.7M securities against $51.3M; $9.0M cash and balances due against $14.2M.
$6.4M total interest income against $6.3M; $3.1M total interest expense against $3.6M.
$3.3M net interest income against $2.7M.
$241K total noninterest income against $213K; $3.0M total noninterest expense against $2.8M.
$100K provision for credit losses against $53K.
$334K net income against $31K.
0.23% return on assets against 0.02%; 2.41% net interest margin against 1.95%.
18.04% CET1 capital ratio against 18.12%; 11.89% tier 1 leverage ratio against 11.60%.
Inside the full Salem Co-Operative Bank 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.
Salem Co-Operative Bank rankings
Its closest position to the top of a national ranking is 481 of 2,134, for CET1 ratio; its furthest is 3,437 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -1.20% (Q3 2024) to 0.28% (Q1 2026) and its net interest margin ran from 1.54% (Q3 2024) to 2.41% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 18.04% | 0.23% | 0.26% | 1.86% | 2.41% |
| Q1 2026 | 18.38% | 0.28% | 0.26% | 1.83% | 2.40% |
| Q4 2025 | 17.94% | 0.27% | 0.26% | 1.88% | 2.24% |
| Q3 2025 | 17.82% | 0.16% | 0.25% | 1.84% | 2.14% |
| Q2 2025 | 18.12% | 0.02% | 0.43% | 3.14% | 1.95% |
| Q1 2025 | 17.91% | -0.63% | 0.44% | 3.18% | 1.77% |
| Q4 2024 | 18.23% | -0.14% | 0.32% | 3.31% | 1.79% |
| Q3 2024 | 18.57% | -1.20% | 0.62% | 5.29% | 1.54% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 |
|---|---|---|---|
| Salem Co-Operative Bank (main office) | Salem , NH | 03079 | $321.6M |
| 284 Merrimack Street | Methuen , MA | 01844 | $84.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.7% of deposits in NH, rank 26 of 44 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 124 applications, 71 loans originated, $33.0M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $255K approved, $255K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2019 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Salem Co-Operative Bank
What are Salem Co-Operative Bank's total assets?
As of the Q2 2026 filing, Salem Co-Operative Bank reported total assets of $580.0 million in its FFIEC call report.
Where is Salem Co-Operative Bank headquartered?
It is headquartered in Salem, NH, United States.
When was Salem Co-Operative Bank founded?
It was established in 1922, per the FDIC institution directory.
Is Salem Co-Operative Bank FDIC-insured?
Yes. It is an FDIC-insured savings and loan association (FDIC Certificate #27824). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Salem Co-Operative Bank?
Salem Co-Operative Bank's primary federal regulator is the FDIC.
What is Salem Co-Operative Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 18.04% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Salem Co-Operative Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Salem Co-Operative Bank's Texas Ratio?
Its Texas Ratio is 1.86% 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.
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