Salem Five Cents Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Salem Five Cents Savings Bank is an FDIC-insured commercial bank headquartered in Salem, MA, established in 1855 (FDIC certificate 23296), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $8.82B, up 6.4% from Q2 2025, the 5th largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 13.21% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 23296
- Headquarters
- Salem, MA
- Established
- 1855
- Total assets, Q2 2026
- $8.82B
- Assets vs Q2 2025
- +6.4%
- CET1 ratio, Q2 2026
- 13.21%
- Domestic offices
- 34 FDIC institution directory, current count
- Routing number
- 211370558
- Latest call report
- Q2 2026, FFIEC 041 · Salem Five Cents Savings Bank call report
- Holding company
- SALEM FIVE BANCORP
- Asset rank in state
- 5th of 89 in Massachusetts
Salem Five Cents Savings Bank, based in Salem, Massachusetts, reported $8.8 billion in assets at June 30, 2026, up 6.4% from a year earlier. It keeps 2.61 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). On the other hand, it holds about a fifth of its deposits (18%) above the FDIC insurance limit, lower than about three-quarters of banks its size (median 30.9%).
Net income for the quarter rose 21% from a year earlier, to $22 million. Unrealized losses on its securities total $147 million, equal to 16% of Tier 1 capital, against 19% a year earlier. Profitability lags: it returns 8.8% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.6%).
As of June 30, 2026, Salem Five Cents Savings Bank reported a CET1 capital ratio of 13.21%, a return on assets of 1.02%, a nonperforming-loan ratio of 0.36% and a Texas ratio of 3.40%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Salem Five Cents Savings Bank is the 5th largest of the 89 banks headquartered in Massachusetts. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.9% to $8.82B, loans rose 3.1% and deposits rose 0.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 38.8% of total loans, ahead of non-owner-occupied commercial real estate loans at 23.5%. Its 34 offices in the FDIC Summary of Deposits are in 26 cities in MA; its Salem 3 offices book 50% of its branch deposits. By the capital ratios in its Q2 2026 call report, Salem Five Cents Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 71 Washington St, Salem, MA 01970
- County
- Essex
- 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
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- March 9, 1855
- Domestic offices
- 34 FDIC institution directory, current count
- Employees (FTE)
- 679
- Domestic deposits
- $6.04B
- Allowance for credit losses
- $82.5M
- Net charge-offs (YTD)
- $115K
- Average total assets
- $8.67B
- Average total loans
- $6.71B
- Average interest-bearing deposits
- $4.98B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 2, 1981
- FDIC Cert
- 23296
- Fed RSSD
- 618807
- Website
- http://www.salemfive.com →
- Parent Holding Company
- SALEM FIVE BANCORP (RSSD 3365858)
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 Five Cents Savings Bank's total assets moved between a low of $7.12B (Q3 2023) and a high of $8.82B (Q2 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
$8.82B total assets against $8.29B; $7.81B total liabilities against $7.38B.
$6.75B net loans and leases against $6.34B; $6.04B total deposits against $5.75B.
$1.58B securities against $1.55B; $60.4M cash and balances due against $53.4M.
$103.5M total interest income against $97.7M; $49.2M total interest expense against $49.7M.
$54.4M net interest income against $48.0M.
$16.0M total noninterest income against $14.2M; $38.8M total noninterest expense against $36.2M.
$1.8M provision for credit losses against $1.5M.
$22.0M net income against $18.1M.
1.02% return on assets against 0.89%; 2.61% net interest margin against 2.44%.
13.21% CET1 capital ratio against 13.55%; 10.52% tier 1 leverage ratio against 10.60%.
Inside the full Salem Five Cents Savings 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.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Salem Five Cents Savings Bank rankings
Its closest position to the top of a national ranking is 180 of 4,196, for total assets; its furthest is 846 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.75% (Q3 2024) to 1.02% (Q2 2026) and its net interest margin ran from 2.23% (Q3 2024) to 2.61% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.21% | 1.02% | 0.36% | 3.40% | 2.61% |
| Q1 2026 | 13.30% | 0.92% | 0.39% | 3.64% | 2.51% |
| Q4 2025 | 13.05% | 1.01% | 0.38% | 3.65% | 2.49% |
| Q3 2025 | 12.94% | 0.92% | 0.38% | 3.74% | 2.48% |
| Q2 2025 | 13.55% | 0.89% | 0.31% | 3.11% | 2.44% |
| Q1 2025 | 13.63% | 0.76% | 0.39% | 3.62% | 2.32% |
| Q4 2024 | 13.63% | 0.76% | 0.21% | 2.35% | 2.25% |
| Q3 2024 | 13.61% | 0.75% | 0.22% | 2.47% | 2.23% |
Swipe the table sideways to see every column.
Branch Network
View all 34 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 Five Cents Savings Bank (main office) | Salem , MA | 01970 | $2.15B |
| Directbanking Branch | Salem , MA | 01970 | $749.9M |
| Swampscott Branch | Swampscott , MA | 01907 | $204.8M |
| High Street Branch | Danvers , MA | 01923 | $166.6M |
| Stoneham Main Off | Stoneham , MA | 02180 | $162.8M |
| South Hamilton Branch | South Hamilton , MA | 01982 | $160.9M |
| Reading Branch | Reading , MA | 01867 | $143.9M |
| Georgetown Head Off Br | Georgetown , MA | 01833 | $135.6M |
| North Andover Branch | North Andover , MA | 01845 | $131.1M |
| Endicott | Danvers , MA | 01923 | $130.4M |
| Rogers Street Branch | Lowell , MA | 01852 | $129.7M |
| North Andover Branch | North Andover , MA | 01845 | $127.4M |
| Middleton | Middleton , MA | 01949 | $119.6M |
| Salem Branch | Salem , MA | 01970 | $115.4M |
| Stoneham Branch | Stoneham , MA | 02180 | $102.0M |
| Boston Street Lynn Branch | Lynn , MA | 01904 | $100.3M |
| Woburn Branch | Woburn , MA | 01801 | $95.7M |
| Needham Branch | Needham , MA | 02492 | $94.0M |
| Burlington Branch | Burlington , MA | 01803 | $93.6M |
| Beverly Branch | Beverly , MA | 01915 | $92.8M |
| Sudbury Branch | Sudbury , MA | 01776 | $88.9M |
| Malden Branch | Malden , MA | 02148 | $80.0M |
| Boston Branch | Boston , MA | 02108 | $77.5M |
| Main Street Branch | Tewksbury , MA | 01876 | $75.6M |
| Saugus | Saugus , MA | 01906 | $74.1M |
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 |
|---|---|---|---|
| August 18, 2018 | Structure Change | Acquired Sage Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 17, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 24, 2017 | Structure Change | Acquired Georgetown Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 23, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 24, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 24, 2013 | Structure Change | Acquired Stoneham Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 11, 2006 | Structure Change | Acquired Heritage Co-operative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 10, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.9% of deposits in MA, rank 10 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 2,239 applications, 979 loans originated, $298.5M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 71 loans, $13.3M approved, $187K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Five Cents Savings Bank
What are Salem Five Cents Savings Bank's total assets?
As of the Q2 2026 filing, Salem Five Cents Savings Bank reported total assets of $8.82 billion in its FFIEC call report.
Where is Salem Five Cents Savings Bank headquartered?
It is headquartered in Salem, MA, United States.
When was Salem Five Cents Savings Bank founded?
It was established in 1855, per the FDIC institution directory.
Is Salem Five Cents Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #23296). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Salem Five Cents Savings Bank?
Salem Five Cents Savings Bank's primary federal regulator is the FDIC.
What is Salem Five Cents Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.21% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Salem Five Cents Savings Bank operate?
It operates 34 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Salem Five Cents Savings Bank's Texas Ratio?
Its Texas Ratio is 3.40% 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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