Bank · FDIC insured
Salem Co-operative Bank
A $580M bank headquartered in Salem, NH, with 2 branches in 2 states. Best rates: CDs 4.30% and savings 0.10% APY.
Salem Co-operative Bank Carrot Score
70
Carrot Score
Higher than 27% of U.S. banks and credit unions
#93 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Salem Co-operative Bank
Salem Co-operative Bank was founded in 1922 as the first bank headquartered in Salem, New Hampshire.
The bank operates its main office in Salem, New Hampshire, along with a branch location in Methuen, Massachusetts.
- Headquarters
- 3 S Broadway, Salem, NH 03079
- FDIC certificate
- 27824 ↗
Branches
2 branches in 2 states
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Massachusetts
1 branch
- 284 Merrimack Street284 Merrimack St, Methuen, MA 01844Directions
New Hampshire
1 branch
- Salem Co-operative BankMain office3 S Broadway, Salem, NH 03079Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 11.89% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.26% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.26% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $120 | $81 | — |
- CapitalLeverage ratio11.89%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.26%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.26%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$120Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Salem Co-operative Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.