Applications / Mortgage Analytics / Lenders / Massachusetts / Salem Five Cents Savings Bank
Salem Five Cents Savings Bank
Salem, MA · State non-member bank · FDIC · $8.5 billion assets · 979 loans in 2025
979
loans originated, 2025
1,543
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
FIG. 1 — LOANS ORIGINATED, 2018–2025
979 loans in 2025, against a peak of 1,009 in 2021.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Salem Five Cents Savings Bank took 1,543 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
33.8% of its 2025 loans were refinance loans; 100.0% were Conventional.
Refinance 33.8% · Home improvement 29.1% · Other 28.1% · Purchase 9.0%
Conventional 100.0% · of 979 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
4 states, 11 metros, 22 counties
| State | Loans | Share |
|---|---|---|
| Massachusetts | 930 | 95.0% |
| New Hampshire | 37 | 3.8% |
| Maine | 9 | 0.9% |
| Rhode Island | 3 | 0.3% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 747 |
| Boston | 115 |
| Rockingham County-Strafford County | 25 |
| Worcester | 24 |
| Providence-Warwick | 23 |
| Barnstable Town | 18 |
| Manchester-Nashua | 8 |
| Portland-South Portland | 7 |
| Springfield | 3 |
| Amherst Town-Northampton | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493006NTCY0P06JR884 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 618807 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 323296 | 1992–2017 |
Established 9 March 1855. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Salem Five Cents Savings Bank's data.