Salem Five Cents Savings Bank
Salem Five Cents Savings Bank reported total assets of $8.8 bn at Q2 2026, up 6.4% on a year earlier, the 182nd largest of 497 banks in our US coverage. The CET1 capital ratio at Salem Five Cents Savings Bank was 13.21%, and the uninsured share of Salem Five Cents Savings Bank was 18.29%. Source: FDIC Call Reports.
Key takeaways
- Salem Five Cents Savings Bank has one of the highest loan-to-deposit ratio readings among banks of $1 bn to $10 bn: 111.67% at , against a median of 88.61% across 339 banks (FDIC Call Reports).
- On efficiency ratio, Salem Five Cents Savings Bank climbed from 293rd to 253rd among 500 US banks between and (1 = lowest; FDIC Call Reports).
- The net interest margin of Salem Five Cents Savings Bank, 2.58% at , places Salem Five Cents Savings Bank in the bottom tenth of banks of $1 bn to $10 bn (group median 3.66%; FDIC Call Reports).
What sets Salem Five Cents Savings Bank apart
- Since , Salem Five Cents Savings Bank has taken over 2 institutions; the latest was Sage Bank on .
How large is Salem Five Cents Savings Bank?
The balance sheet of Salem Five Cents Savings Bank at : assets $8.8 bn, deposits $6.0 bn, net loans $6.8 bn (loans equal to 111.67% of deposits). Securities make up 18.0% of total assets at Salem Five Cents Savings Bank. Since , when Salem Five Cents Savings Bank held $3.8 bn, its assets grew 130.6%. In the year to , deposits at Salem Five Cents Savings Bank rose 5.1% while its total assets rose 6.4%. At , Salem Five Cents Savings Bank employed 679 full-time equivalent staff across 34 offices, about $13.0 mn of assets per employee and $177.8 mn of deposits per office.
How much funding at Salem Five Cents Savings Bank is uninsured?
At Salem Five Cents Savings Bank, uninsured deposits (above the FDIC limit) made up 18.29% of domestic deposits at (+0.23 pp on a year earlier); Salem Five Cents Savings Bank ranks 425th of 500 on this measure. In dollars, Salem Five Cents Savings Bank estimated $1.1 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $6.0 bn | +5.1% | 205th of 499 |
| Net loans and leases | $6.8 bn | +6.6% | 168th of 500 |
| Loan-to-deposit ratio | 111.67% | +1.52 pp | 18th of 500 |
| Tier 1 leverage ratio | 10.52% | -0.08 pp | 225th of 500 |
| Total risk-based capital ratio | 14.47% | -0.29 pp | 215th of 448 |
| Net interest margin | 2.58% | +0.17 pp | 455th of 500 |
| Return on assets (ROA) | 0.96% | +0.14 pp | 402nd of 500 |
| Efficiency ratio | 56.03% | -3.50 pp | 253rd of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $130.9 mn | Narrowed by $13.8 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $15.7 mn | Narrowed by $6.6 mn | |
| Noncurrent loans to total loans | 0.36% | +0.05 pp | 130th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | +0.00 pp | 77th of 500 (1 = lowest) |
US rank of Salem Five Cents Savings Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Salem Five Cents Savings Bank: assets, deposits and loans
- Total assets $8.8bn
- Deposits $6.0bn
- Net loans $6.8bn
Capital and securities
The CET1 ratio of Salem Five Cents Savings Bank stood at 13.21% in , -0.34 pp year on year. Low and high at Salem Five Cents Savings Bank since : 12.45% () to 15.50% (). Equity capital of Salem Five Cents Savings Bank at : $1.0 bn, or 11.5% of total assets. Salem Five Cents Savings Bank also reported a total capital ratio of 14.47% for , and a tier 1 leverage ratio of 10.52%.
On held-to-maturity securities, Salem Five Cents Savings Bank carried an unrealized loss of $130.9 mn at , equal to 12.9% of equity capital. The loss narrowed by $13.8 mn over the year. Its deepest point: $231.7 mn in . The available-for-sale portfolio of Salem Five Cents Savings Bank showed an unrealized loss of $15.7 mn at ; the loss narrowed by $6.6 mn over the year.
Salem Five Cents Savings Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 11%
Salem Five Cents Savings Bank: unrealized securities gains and losses
- Available for sale -$16mn
- Held to maturity -$131mn
Profitability and loan quality
For the year to , Salem Five Cents Savings Bank earned a return on equity of 8.41%; return on assets: 0.96%. Net interest margin at Salem Five Cents Savings Bank: 2.58%, +0.17 pp in a year. Salem Five Cents Savings Bank net income: $41.5 mn, up 24.9% year on year. The efficiency ratio of Salem Five Cents Savings Bank was 56.03%: about 56 cents cost per revenue dollar, against 53 cents at the median peer.
At , noncurrent loans were 0.36% of total loans at Salem Five Cents Savings Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at Salem Five Cents Savings Bank: $6.8 bn, up 6.7% in a year.
Salem Five Cents Savings Bank: profitability
- Return on equity 8.4%
- Net interest margin 2.6%
- Return on assets 1.0%
Peer group of Salem Five Cents Savings Bank
The peer group of Salem Five Cents Savings Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Salem Five Cents Savings Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Massachusetts. Against them, Salem Five Cents Savings Bank shows CET1 ratio 13.21% against a peer median of 12.62%, return on equity 8.41% against a peer median of 11.54% and uninsured deposit share 18.29% against a peer median of 34.81%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Woodforest National Bank | National bank | TX | $9.0 bn | 11.27% | 24.22% | 28.30% | |
| b1BANK | State nonmember bank | LA | $8.9 bn | 12.33% | 10.30% | 46.68% | |
| Metropolitan Commercial Bank | State member bank | NY | $8.9 bn | 12.91% | 12.09% | 27.21% | |
| Salem Five Cents Savings Bank | State nonmember bank | MA | $8.8 bn | 13.21% | 8.41% | 18.29% | |
| Tompkins Bank & Trust | State nonmember bank | NY | $8.8 bn | 11.91% | 15.03% | 41.31% | |
| Wells Fargo National Bank West | National bank | NV | $8.8 bn | 64.87% | 5.30% | 1.55% | |
| Southside Bank | State nonmember bank | TX | $8.8 bn | 16.28% | 10.98% | 42.81% | |
. FDIC Call Reports.
Last eight quarters
Two years at Salem Five Cents Savings Bank, to : assets +15.0%, deposits +9.8%, equity +17.6%. Staff 645 to 679.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $7.7 bn | $7.8 bn | $8.0 bn | $8.3 bn | $8.4 bn | $8.5 bn | $8.6 bn | $8.8 bn |
| Total deposits | $5.5 bn | $5.6 bn | $5.6 bn | $5.8 bn | $5.8 bn | $6.0 bn | $6.0 bn | $6.0 bn |
| Bank equity capital | $859.7 mn | $887.5 mn | $899.1 mn | $915.6 mn | $935.5 mn | $963.4 mn | $985.3 mn | $1.0 bn |
| CET1 ratio | 13.61% | 13.63% | 13.64% | 13.55% | 12.94% | 13.05% | 13.30% | 13.21% |
| Return on equity (ROE) | 6.20% | 6.34% | 6.74% | 7.37% | 7.67% | 8.00% | 7.99% | 8.41% |
| Uninsured share of domestic deposits | 18.69% | 19.94% | 18.49% | 18.06% | 18.33% | 18.61% | 18.33% | 18.29% |
| Full-time equivalent employees | 645 | 650 | 643 | 661 | 640 | 640 | 666 | 679 |
| Number of offices | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Salem Five Cents Savings Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Georgetown Bank (FDIC certificate 90202).
- . Absorbed Sage Bank (FDIC certificate 26467).
Questions and identifiers
What were the total assets of Salem Five Cents Savings Bank?
Salem Five Cents Savings Bank reported $8.8 bn at in its Call Report. That makes Salem Five Cents Savings Bank the 182nd largest of 497 banks in our US coverage.
Is Salem Five Cents Savings Bank the same as its holding company?
No. This page covers Salem Five Cents Savings Bank, FDIC certificate 23296; SALEM FIVE BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Salem Five Cents Savings Bank profitable?
Salem Five Cents Savings Bank reported net income of $41.5 mn for the year to ; annualized return on equity: 8.41%. So yes: Salem Five Cents Savings Bank made a profit over these months.
When is data for Salem Five Cents Savings Bank next updated?
Figures from Salem Five Cents Savings Bank for are due after .
Where can I check the figures for Salem Five Cents Savings Bank?
In the FDIC BankFind Suite record for certificate 23296, and in the Call Reports of Salem Five Cents Savings Bank (RSSD ID 618807) at the FFIEC Central Data Repository.