Salem Five Cents Savings Bank (FDIC certificate #23296) is based in Salem, Massachusetts. Its Q2 2026 call report shows $8.8B in total assets and $6.0B in deposits and 34 offices.
Based on its Q2 2026 filing, Salem Five Cents Savings Bank scores 67/100, which we describe as moderate. That is higher than only 44% of 897 banks with $1 billion – $10 billion. Among 92 banks headquartered in Massachusetts, it ranks 34th. Its strongest component is problem-loan coverage (94/100; 3.2%), and its lowest is funding & liquidity (47/100; 112% loans-to-deposits, 18% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
The score has been essentially flat from Q2 2025 to Q2 2026 (66 → 67).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 67 |
| Q3 2024 | 67 |
| Q4 2024 | 67 |
| Q1 2025 | 66 |
| Q2 2025 | 66 |
| Q3 2025 | 65 |
| Q4 2025 | 65 |
| Q1 2026 | 66 |
| Q2 2026 | 67 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.79% |
| Q3 2024 | 10.72% |
| Q4 2024 | 10.76% |
| Q1 2025 | 10.68% |
| Q2 2025 | 10.60% |
| Q3 2025 | 10.21% |
| Q4 2025 | 10.28% |
| Q1 2026 | 10.46% |
| Q2 2026 | 10.52% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.21% |
| Q3 2024 | 0.22% |
| Q4 2024 | 0.21% |
| Q1 2025 | 0.39% |
| Q2 2025 | 0.31% |
| Q3 2025 | 0.38% |
| Q4 2025 | 0.38% |
| Q1 2026 | 0.39% |
| Q2 2026 | 0.36% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.67% |
| Q3 2024 | 0.70% |
| Q4 2024 | 0.72% |
| Q1 2025 | 0.76% |
| Q2 2025 | 0.82% |
| Q3 2025 | 0.86% |
| Q4 2025 | 0.89% |
| Q1 2026 | 0.91% |
| Q2 2026 | 0.96% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 67 | $8.8B | 10.52% | 0.36% | 0.96% | 111.7% |
| Q1 2026 | 66 | $8.6B | 10.46% | 0.39% | 0.91% | 108.9% |
| Q4 2025 | 65 | $8.5B | 10.28% | 0.38% | 0.89% | 109.5% |
| Q3 2025 | 65 | $8.4B | 10.21% | 0.38% | 0.86% | 110.6% |
| Q2 2025 | 66 | $8.3B | 10.60% | 0.31% | 0.82% | 110.2% |
| Q1 2025 | 66 | $8.0B | 10.68% | 0.39% | 0.76% | 107.6% |
| Q4 2024 | 67 | $7.8B | 10.76% | 0.21% | 0.72% | 104.7% |
| Q3 2024 | 67 | $7.7B | 10.72% | 0.22% | 0.70% | 104.4% |
| Q2 2024 | 67 | $7.5B | 10.79% | 0.21% | 0.67% | 103.5% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Massachusetts
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Needham BankBank Needham, MA | 67 out of 100, Moderate | $7.4B | 10.9% | 0.43% | vs |
| Cambridge Savings BankBank Cambridge, MA | 51 out of 100, Below average | $7.0B | 10.2% | 1.26% | vs |
| Middlesex Savings BankBank Natick, MA | 79 out of 100, Strong | $6.1B | 13.4% | 0.33% | vs |
| The Cape Cod Five Cents Savings BankBank Hyannis, MA | 68 out of 100, Moderate | $5.6B | 11.1% | 0.47% | vs |
| Institution for Savings in Newburyport and Its VicinityBank Newburyport, MA | 76 out of 100, Strong | $5.6B | 12.7% | 0.04% | vs |
| Leader Bank, National AssociationBank Arlington, MA | 71 out of 100, Strong | $5.3B | 11.6% | 0.03% | vs |
Deposit insurance
Is my money safe at Salem Five Cents Savings Bank?
Yes. Salem Five Cents Savings Bank is an FDIC-insured institution (FDIC certificate #23296). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 18.3% of deposits ($1.1B) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.52%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.47% (benchmark: 10%).
34 locations
Branches
Salem Five Cents Savings Bank lists 33 offices in 26 cities. Most locations:
- Beverly, MA (3)
- Danvers, MA (2)
- North Andover, MA (2)
- Peabody, MA (2)
- Salem, MA (2)
- Stoneham, MA (2)
- Bedford, MA (1)
- Boston, MA (1)
- Burlington, MA (1)
- Georgetown, MA (1)
- Lowell, MA (1)
- Lynn, MA (1)
HMDA 2025
Mortgage lending
In 2025, Salem Five Cents Savings Bank reported 1,354 home-loan applications under HMDA (LEI 5493006NTCY0P06JR884): 979 originated ($298,465,000 total), 225 denied, and 101 withdrawn or closed by the applicant. Its denial rate on decided applications was 18.0%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Salem Five Cents Savings Bank
- Type
- State-chartered bank
- FDIC certificate #
- 23296
- RSSD ID
- 618807
- Primary regulator
- FDIC
- Holding company
- Salem Five Bcorp
- Established
- March 9, 1855
- Headquarters
- 71 Washington St, Salem, MA 01970
- Website
- www.salemfive.com
- Employees
- 679
Quick answers
Salem Five Cents Savings Bank: common questions
Is Salem Five Cents Savings Bank FDIC insured?
Yes. Salem Five Cents Savings Bank is an FDIC-insured institution (FDIC certificate #23296). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Salem Five Cents Savings Bank's TellerScore?
67 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Salem Five Cents Savings Bank ever failed?
There is no failure record for FDIC certificate #23296 in the FDIC failed bank list.
How many branches does Salem Five Cents Savings Bank have?
34 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Salem
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Alpha Credit UnionCredit union Boston, MA | 97 out of 100, Very strong | $35.1M | 18.8% | 0.14% | vs |
| Cambridge Municipal Employees Federal Credit UnionCredit union Cambridge, MA | 97 out of 100, Very strong | $10.2M | 24.8% | 0.12% | vs |
| Somerville Mass Firefighters Federal Credit UnionCredit union Somerville, MA | 92 out of 100, Very strong | $7.4M | 19.6% | 0.00% | vs |
| Cambridge Firefighters Federal Credit UnionCredit union Cambridge, MA | 92 out of 100, Very strong | $14.2M | 25.8% | 0.27% | vs |
| Danvers Municipal Federal Credit UnionCredit union Danvers, MA | 91 out of 100, Very strong | $8.2M | 39.0% | 0.00% | vs |
| Watertown Municipal Credit UnionCredit union Watertown, MA | 91 out of 100, Very strong | $9.7M | 36.9% | 0.00% | vs |