Salem Five Cents Savings Bank: how it compares with its peers
Against 8 MA banks with half to twice its assets, Salem Five Cents Savings Bank's strongest measure in Q2 2026 is efficiency ratio (56.03% vs. a 68.77% peer median). Its weakest relative measure is net interest margin (2.58% vs. 2.74%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.96% | 0.79% | Middle third Ahead of 63% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.58% | 2.74% | Middle third Ahead of 38% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.03% | 68.77% | Top third Ahead of 88% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $13.0M | $13.3M | Middle third Ahead of 50% of peers |
| Loans to deposits Net loans and leases over total deposits. | 111.67% | 101.58% | Context |
What it means for lending operations
Its efficiency ratio of 56.03% is better than the 68.77% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Needham Bank Needham, MA · $7.42B
- Cambridge Savings Bank Cambridge, MA · $6.98B
- Middlesex Savings Bank Natick, MA · $6.15B
- The Cape Cod Five Cents Savings Bank Hyannis, MA · $5.62B
- Institution for Savings in Newburyport and Its Vicinity Newburyport, MA · $5.56B
- Leader Bank, National Association Arlington, MA · $5.28B
Questions about Salem Five Cents Savings Bank
How big is Salem Five Cents Savings Bank?
Salem Five Cents Savings Bank, established in 1855, is headquartered in Salem, MA. It reported $8.82B in total assets in its Q2 2026 FDIC call report and operates 34 offices.
What is Salem Five Cents Savings Bank's return on assets?
0.96% annualized in Q2 2026, against a 0.79% median for 8 MA banks with half to twice its assets, ahead of 63% of them.
What is Salem Five Cents Savings Bank's efficiency ratio?
56.03% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 68.77%, and lower is better.
Is Salem Five Cents Savings Bank growing its loans?
Net loans grew 6.6% over the year to Q2 2026, while deposits grew 5.1%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Massachusetts bank ranked.