Salem Co-operative Bank in Salem, New Hampshire (NH), MA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Salem Co-operative Bank in Salem, New Hampshire (NH), MA
  • Show street view No street view available for this location

Salem Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 27824
    Status: Active
    Federal Reserve ID: 670878
    Date Established: January 01, 1922
    WWW: http://www.salemcoop.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: Yes)
    OTS Docket #: 349
    FDIC's unique #: 40658
    Numeric code: 36
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: November 08, 1954
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3 South Broadway, Salem, NH 3079
    County: Rockingham
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Lawrence, MA-NH (#4160)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Rockingham County-Strafford County, NH (#40484)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $397.8 mil
    Equity capital: $56.4 mil
    Deposits held in domestic offices: $274.4 mil
    Return on assets (ROA): 0.83% ($3.3 mil)
    Quarterly return on assets: 0.78% ($3.1 mil)
    Return on Equity (ROE): 5.95% ($3.3 mil)
    Quarterly return on equity: 5.49% ($3.1 mil)
    Net income: $3.2 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.10% ($4,375.3 mil)
    Quarterly Pretax return on assets: 1.07% ($4,256.0 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
  • 43Total employees (full-time equivalent)
  • $397,755Total assets
  • $15,054Cash and due from depository institutions
  • $12,537Interest-bearing balances
  • $112,472Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $240,138Net loans & leases
  • $1,732Loan loss allowance
  • $0Trading account assets
  • $5,375Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $397,755Life insurance assets
  • $24,716All other assets
  • $341,346Total liabilities and capital
  • $274,434Total liabilities
  • $261,893Total deposits
  • $274,434Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $60,624Trading liabilities
  • $0Other borrowed funds
  • $6,288Subordinated debt
  • $56,409All other liabilities
  • $56,409Total equity capital
  • $56,409Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $56,409Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $722Income earned, not collected on loans
  • $0Earning assets
  • $1,185Long-term assets (5+ years)
  • $365,147Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $390,087Volatile liabilities
  • $398,950Insider loans
  • $192,366FHLB advances
  • $393,961Loans and leases held for sale
  • $14,218Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $53,782Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,052Restructured Loans and leases
  • $6,745Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,646Total interest income
  • $5,590Total interest expense
  • $11,056Net interest income
  • $333Provision for loan and lease losses
  • $735Total noninterest income
  • $0Fiduciary activities
  • $11Service charges on deposit accounts
  • $0Trading account gains & fees
  • $724Additional noninterest income
  • $7,223Total noninterest expense
  • $3,750Salaries and employee benefits
  • $1,312Premises and equipment expense
  • $2,161Additional noninterest expense
  • $4,235Pre-tax net operating income
  • $58Securities gains (losses)
  • $1,059Applicable income taxes
  • $3,234Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,234Net income attributable to bank
  • $0Net charge-offs
  • $3,234Cash dividends
  • $20Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 3.08%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.01%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 5.95%Return on equity (ROE)
  • 5.95%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1665.00%Credit loss provision to net charge-offs
  • 228.40%Efficiency ratio
  • 61,259Assets per employee
  • 9.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.72%Loss allowance to noncurrent loans
  • 239.89%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 87.50%Net loans and leases to core deposits
  • 91.53%Equity capital to assets
  • 14.18%Core capital (leverage) ratio
  • 13.65%Tier 1 risk-based capital ratio
  • 27.96%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $390,087Average earning assets
  • $54,352Average equity
  • $358,999Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1518305284 Merrimack Street284 Merrimack Street, Methuen, MA 1844June 11, 2010Full Service Brick and Mortar
  • 1 New Hampshire Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040658Salem Co-Operative Bank3 South Broadway, Salem, NH 3079January 01, 1922Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Salem Co-operative Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents