🏦Bank Scorer

SALEM FIVE CENTS SAVINGS BANK

SALEM, MA · Supervised by FDIC

Est. 1855FDIC #23,296RSSD: FDIC-23296
Part ofSALEM FIVE BCORP→ View all charters
Satisfactory Same

Current rating · Exam: June 2024

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.91%

Institution Profile

FDIC BankFind

Address

71 Washington St, SALEM, MA

County

Essex County

Established

March 9, 1855

Total Assets

$8.6B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

June 1, 2024

Exam Type

Large Bank

Regulator

FDIC
What is a CRA rating? →
Estimated next exam:Jun 2028(based on asset size)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$8.6B

Total Deposits

$6.0B

Net Loans

$6.5B

Net Income

$19M

ROA

0.91%

ROE

7.99%

Risk-Based Capital

14.55%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

Mortgage Denial Rate16.75%Peer avg: 9.91%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Branch Footprint

FDIC SOD 2025

Total Branches

34

Branch Deposits

$5.8B

1-Year Change

0

5-year net change: -2 branches

Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20241,40959.19%16.75%
20231,26856.7%17.59%
20221,55161.83%11.93%
20211,44669.78%6.85%
20201,00368.1%10.47%
20191,09160.86%19.34%
20181,09360.84%20.31%

2024 national avg denial rate: 23.75% · Community bank avg: 9.91% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

10 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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