Bank of Salem in Salem, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank of Salem in Salem, Missouri (MO)
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Bank of Salem - Overview

  • General
  • FDIC Certificate #: 14349
    Status: Active
    Federal Reserve ID: 426758
    Bank Holding Company (Regulatory Top Holder): Salem Bancshares, Inc. (RSSDID: 2234939, Location: Salem, MO)
    Date Established: October 10, 1883
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15906
    FDIC's unique #: 8966
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: May 10, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 West Fourth Street, Salem, MO 65560
    County: Dent
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Springfield Mo
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $80.3 mil
    Equity capital: $8.7 mil
    Deposits held in domestic offices: $71.1 mil
    Return on assets (ROA): 0.55% ($0.4 mil)
    Quarterly return on assets: 0.40% ($0.3 mil)
    Return on Equity (ROE): 4.84% ($0.4 mil)
    Quarterly return on equity: 3.58% ($0.3 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.75% ($602.6 mil)
    Quarterly Pretax return on assets: 0.53% ($425.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 29Total employees (full-time equivalent)
  • $80,344Total assets
  • $7,527Cash and due from depository institutions
  • $2,455Interest-bearing balances
  • $16,042Securities
  • $1,475Federal funds sold & reverse repurchase agreements
  • $49,818Net loans & leases
  • $497Loan loss allowance
  • $0Trading account assets
  • $2,972Bank premises and fixed assets
  • $166Other real estate owned
  • $0Goodwill and other intangibles
  • $80,344Life insurance assets
  • $2,344All other assets
  • $71,670Total liabilities and capital
  • $71,111Total liabilities
  • $58,873Total deposits
  • $71,111Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $559Subordinated debt
  • $8,674All other liabilities
  • $8,674Total equity capital
  • $8,674Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $200Surplus
  • $8,274Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $440Long-term assets (5+ years)
  • $69,790Average Assets, year-to-date
  • $19,004Average Assets, quarterly
  • $77,776Volatile liabilities
  • $78,873Insider loans
  • $45,980FHLB advances
  • $77,406Loans and leases held for sale
  • $1,030Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,483Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,030Total unused commitments
  • $2,959Restructured Loans and leases
  • $1,053Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,391Total interest income
  • $557Total interest expense
  • $2,834Net interest income
  • $50Provision for loan and lease losses
  • $460Total noninterest income
  • $0Fiduciary activities
  • $258Service charges on deposit accounts
  • $0Trading account gains & fees
  • $202Additional noninterest income
  • $2,660Total noninterest expense
  • $1,476Salaries and employee benefits
  • $299Premises and equipment expense
  • $885Additional noninterest expense
  • $584Pre-tax net operating income
  • $0Securities gains (losses)
  • $160Applicable income taxes
  • $424Income before extraordinary items
  • $0Extraordinary gains - net
  • $424Net income attributable to bank
  • $0Net charge-offs
  • $424Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.82%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 4.84%Return on equity (ROE)
  • 0.84%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 178.57%Credit loss provision to net charge-offs
  • 22.64%Efficiency ratio
  • 80,753Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 82.55%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 70.06%Net loans and leases to core deposits
  • 72.59%Equity capital to assets
  • 10.80%Core capital (leverage) ratio
  • 10.96%Tier 1 risk-based capital ratio
  • 18.45%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $77,776Average earning assets
  • $8,758Average equity
  • $69,723Average loans

List of branches

  • 2 Missouri Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08966Bank Of Salem100 West Fourth Street, Salem, MO 65560October 10, 1883Full Service Brick and Mortar
    1231355Bank Of Salem Drive-In Branch1001 South Main Street, Salem, MO 65560October 24, 1970Full Service Brick and Mortar

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