# SALEM FIVE CENTS SB
SALEM, MA · FDIC certificate 23296 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $8.82B | |
| Deposits | $6.04B | |
| Loans and leases | $6.83B | |
| Total equity | $1.01B | |
| Loans / deposits | 111.67% (p96 of band) | 87.10% |
| Liquid assets / assets | 18.64% (p40 of band) | |
| Uninsured deposits / deposits | 18.29% (p14 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 18.83% (p87 of band) | |
| FHLB advances / assets | 17.99% | |
| Tier 1 leverage | 10.52% (p50 of band) | 10.50% |
| Unrealized securities loss / equity | -14.51% (p30 of band) | -7.75% |
| AOCI / equity | 0.64% (p94 of band) | |
| ROA (annualized) | 0.96% (p28 of band) | 1.26% |
| Net interest margin | 2.58% (p6 of band) | 3.70% |
| Efficiency ratio | 56.03% (p41 of band) | |
| Noncurrent loans | 0.36% (p37 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p28 of band) | |
| Reserve coverage of noncurrent | 334.42% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 49.43% (p52 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 5.1% | |
| Employees | 679 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 3 | loans exceed deposits |  |
| 2012-03 | 2 |  | loans exceed deposits |
| 2012-06 | 3 | loans exceed deposits |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 1 |  | wholesale funding >15%, loans exceed deposits |
| 2013-06 | 2 | wholesale funding >15% |  |
| 2013-09 | 1 |  | wholesale funding >15% |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 0 |  | reserve under noncurrent |
| 2015-03 | 1 | reserve under noncurrent |  |
| 2015-06 | 0 |  | reserve under noncurrent |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | wholesale funding >15% |  |
| 2016-03 | 0 |  | wholesale funding >15% |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | capital falling |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 3 | loans exceed deposits, wholesale funding >15% |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 2 |  | capital falling |
| 2018-03 | 2 |  |  |
| 2018-06 | 1 |  | loans exceed deposits |
| 2018-09 | 0 |  | wholesale funding >15% |
| 2018-12 | 1 | loans exceed deposits |  |
| 2019-03 | 0 |  | loans exceed deposits |
| 2019-06 | 1 | loans exceed deposits |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 0 |  | loans exceed deposits |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | NIM <2.5% |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 0 |  | NIM <2.5% |
| 2022-06 | 1 | securities losses >30% of equity |  |
| 2022-09 | 2 | capital falling |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | loans exceed deposits, wholesale funding >15% | capital falling |
| 2023-09 | 4 | uninsured deposits leaving |  |
| 2023-12 | 4 | capital falling | securities losses >30% of equity |
| 2024-03 | 3 | NIM <2.5% | wholesale funding >15%, capital falling |
| 2024-06 | 4 | wholesale funding >15% |  |
| 2024-09 | 4 | capital falling | uninsured deposits leaving |
| 2024-12 | 3 |  | capital falling |
| 2025-03 | 3 |  |  |
| 2025-06 | 4 | capital falling |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 3 |  | capital falling |
| 2026-03 | 2 |  | NIM <2.5% |
| 2026-06 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2015-09-04 [Real estate sales in the Brockton area, Sept. 4 - Enterprise News](https://news.google.com/rss/articles/CBMisAFBVV95cUxNbFIwMXQ1a1otYkl1YmdFQWRyOWVNeGstbmk1elJjRW5kTTl3N0NWWHhnV2Z6dXpTODR2U25FZG9FTlM2Q2Y3VnJnLVNDMGlUREE4STQ0aUl0VG4xdzYwbUxNNEpWTHFvaFZBT0JENUhGazVzRnozenlvTmFubTBqWFVjQVVxdlJrWlBla3RINk5LQkxzemlHNDZwS2Vlbl8teU1wekNIQXAwUnF0bWJpSg?oc=5) · Enterprise News
- 2016-03-03 [Real estate sales on the South Shore, March 4 - The Patriot Ledger](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOVFpRUjVCR1ZYWnJJR3JqTVZIMzY5U2lGY3BLeTNablNRb0ItOFRqbGxHZE0weW1pWFZOcm5ZRHBROUg5MDRaay15X1hiNVFYY21HSjJhVkxTZ0ZiZ2poei0tRUlZSnlSR3JNcVhsRlh5eDROeG5NX2E1ajFtS21FUEgtYmlrZE1WM2JlelRJOTUxaXNjMEhTYlRwUDBGRXhhRlduTy1ELVdwWkU?oc=5) · The Patriot Ledger
- 2016-10-21 [Real estate sales in the Brockton area, Oct. 21 - Enterprise News](https://news.google.com/rss/articles/CBMisAFBVV95cUxOV1ZMYVA2RjFPX1UxWXpPdXNMX2ZtVGZrVmZpTGhFcEZoOWRrZ1ZFM1Q5UkFxRHRibWc4WFFyb2c1c0ZabEI5UVdidGJYSEttRGZCd1BBOUxGbnVtM2NCUE9PU292YTNPSmxNSnpmU0hSZ3NNdWdVN0ZrMk9UYVRKR0V2MjNIOVRTWFMycmc5VkVMbDNYSmxxVTloMmtHYUlHZkNELV9ORkVsX00tdTFlQw?oc=5) · Enterprise News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=23296 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/0.json (key "23296", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide