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Q2 2026 · read from the 30 June 2026 Call Report · United States · New England · Massachusetts, the state note

Salem Five Cents Savings Bank

Salem, Massachusetts · $8.82B in assets · beside the 11 other Massachusetts banks between $3B and $10B

The filing

113.0%
Loans / deposits
10th of 12
56.7%
Efficiency
3rd of 12
3.3x
Coverage of noncurrent
3rd of 12

Salem Five Cents Savings Bank is the largest of the 12 Massachusetts banks nearest its size between $3B and $10B, with $8.82B in assets at 30 June 2026. Loans are 113.0% of deposits, 10th of 12 against a median of 102.9%, and equity is 11.5% of assets, 6th of 12. Loans grew +6.7% in the year, 5th of 12, and deposits grew 5.1%; the cohort's median loan growth is +5.1%.

Noncurrent loans are 0.36% of the book, 4th of 12 against a median of 0.52%; 0.06% is 30 to 89 days past due, and the allowance covers them 3.3 times. Commercial real estate is 36.2% of loans, 7th of 12 against a median of 35.5%, and 251% of capital, below the 300% screen, with construction at 51% against the 100% screen.

Return on assets is 0.96%, 6th of 12 against a median of 0.91%, on an efficiency ratio of 56.7%, 3rd of 12. Five years ago it was 1.25%. The question is which of these lines moves first over the next four quarters, and against which peer.

Loans as a share of depositsMA banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 102.9% MS Middlesex Savings Bank 73.2% TB Trunorth Bank 92.7% CC Cape Cod Five Cents Savings Bank 95.7% P Peoplesbank 100.3% NB Needham Bank 102.6% LB Leader Bank National Association 102.9% NB Northern Bank & Trust Co. 102.9% BC Bristol County Savings Bank 103.5% CS Cambridge Savings Bank 108.8% SF Salem Five Cents Savings Bank 113.0% IS Institution Savings Newburyport & 126.5% HI Hingham Institution for Savings 150.5%
Loans, year over yearMA banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +5.1% NB Needham Bank +42.8% LB Leader Bank National Association +10.2% BC Bristol County Savings Bank +8.9% TB Trunorth Bank +7.5% SF Salem Five Cents Savings Bank +6.7% MS Middlesex Savings Bank +6.4% NB Northern Bank & Trust Co. +3.8% P Peoplesbank +3.1% IS Institution Savings Newburyport & +2.6% CS Cambridge Savings Bank +0.9% HI Hingham Institution for Savings -0.7% CC Cape Cod Five Cents Savings Bank -5.1%

SBA 7(a), FY2008 to FY2026

Salem Five Cents Savings Bank is the 8th largest 7(a) lender into Massachusetts of 309, with $179M across 667 loans, 2.8% of everything approved in the state (Eastern Bank leads with $778M). 10 of its 20 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Massachusetts, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Essex, MA$80M2nd of 12910.0%+2.6 pts
Middlesex, MA$59M7th of 1903.8%-6.9 pts
Suffolk, MA$23M9th of 1303.5%-8.0 pts
Rockingham, NH$8M14th of 1081.5%-1.5 pts
Norfolk, MA$7M24th of 1450.9%thin
Plymouth, MA$5M26th of 1071.0%-1.0 pts
Hartford, CT$5M25th of 1010.9%quiet FY2014
Worcester, MA$3M53rd of 1400.4%-0.1 pts
Bristol, MA$1M47th of 1120.3%thin
Hillsborough, NH$890K61st of 1170.2%thin
Strafford, NH$600K36th of 570.4%quiet FY2017
Barnstable, MA$590K50th of 840.2%quiet FY2022
Coos, NH$550K15th of 311.1%quiet FY2018
7 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Professional & technical services101$34M17.6%0.11%131st of 1,955
Administrative & waste services61$29M14.7%0.20%84th of 1,763
Construction106$20M10.4%0.06%231st of 2,063
Manufacturing55$19M9.9%0.05%307th of 2,246
Health care & social assistance81$15M7.8%0.03%304th of 2,172
7(a) lenders into Massachusetts, share of approvals since FY2008309 lenders on record; the ten largest and Salem Five
EB Eastern Bank 12.2% $778M · 8,606 loans LO Live Oak Banking Company 6.9% $442M · 354 loans RT Rockland Trust Company 6.7% $426M · 1,996 loans TB TD Bank, National Association 4.6% $295M · 2,208 loans CB Citizens Bank, National Associati… 4.1% $261M · 1,649 loans BB Beacon Bank and Trust 3.8% $246M · 1,377 loans WB Webster Bank National Association 3.1% $202M · 579 loans SF Salem Five Cents Savings Bank 2.8% $179M · 667 loans Ma Manufacturers and Traders Trust C… 2.2% $142M · 794 loans LB Leader Bank, National Association 2.0% $126M · 675 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Salem FiveRankCohort median
Total CRE against capital, the 300% screen251%7th of 12240%
Construction against capital, the 100% screen51%10th of 1229%
Construction and land development, share of loans7.3%10th of 125.0%
Non-owner-occupied nonfarm nonresidential, share of loans23.5%9th of 1219.4%
Total CRE, the guidance definition, share of loans36.2%7th of 1235.5%
CRE growth over 36 months, the third prong+47.2%9th of 12+12.1%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Salem Five Cents Savings Bank$8.82B1.0%56.7%0.36%0.00%1.2%113.0%11.5%
Needham Bank$7.42B1.0%59.3%0.43%0.45%1.3%102.6%10.9%
Cambridge Savings Bank$6.98B0.4%75.9%1.26%0.09%1.0%108.8%10.2%
Middlesex Savings Bank$6.15B0.7%68.2%0.33%0.01%0.9%73.2%13.1%
Cape Cod Five Cents Savings Bank$5.62B0.7%71.8%0.47%0.02%0.5%95.7%10.6%
Institution Savings Newburyport &$5.56B1.1%74.0%0.04%0.00%0.3%126.5%12.5%
Leader Bank National Association$5.28B0.9%63.4%0.03%0.00%1.0%102.9%10.5%
Peoplesbank$4.62B0.4%72.0%0.57%0.21%0.6%100.3%8.9%
Hingham Institution for Savings$4.56B1.2%36.3%0.78%0.00%0.8%150.5%11.1%
Northern Bank & Trust Co.$3.38B1.9%47.1%2.07%0.07%2.2%102.9%14.1%
Trunorth Bank$3.32B1.0%60.9%0.58%0.12%0.5%92.7%14.7%
Bristol County Savings Bank$3.26B0.6%77.5%0.60%0.06%0.9%103.5%14.4%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Salem FiveCohort median
20212026Change20212026Change
Loans$4.11B$6.83B+66%$2.50B$4.10B+64%
Deposits$4.37B$6.04B+38%$2.60B$3.89B+49%
NPA / loans0.62%0.36%-0.26 pts0.45%0.52%+0.07 pts
Efficiency58.2%56.7%-1.5 pts61.0%65.8%+4.8 pts
ROA1.25%0.96%-0.29 pts1.26%0.91%-0.35 pts

This read was prepared for Salem Five Cents Savings Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Salem Five Cents Savings Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MA banks $3B to $10B
Institution www.salemfive.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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