Applications / Mortgage Analytics / Lenders / New Hampshire / Salem Co-Operative Bank
Salem, NH · Savings institution · FDIC · $572 million assets · 71 loans in 2025
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71
loans originated, 2025
124
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Salem Co-Operative Bank, a small New Hampshire savings bank, made 71 home loans in 2025, fewer than half its 2021 count, while similar lenders grew slightly.
Its originations fell 31% in 2025, from 103. The typical similar lender (another savings institution making between half and twice as many loans) grew 3%, and the whole market 10%. Fewer than one in ten similar lenders shrank faster. The decline is not new: the bank made 193 loans in 2021 and fewer in each year since. The bank may have chosen to lend less, or kept loans its rivals won; the figures do not say which.
Its typical loan was $365,000, against $245,000 at similar lenders, larger than at about three-quarters of them. So its loans came to $33.0 million, above the peer group's typical $24.9 million, on a loan count close to theirs. Every loan was conventional, as at most of its peers.
Of its loans, 29.2% went to low- and moderate-income (LMI) borrowers, against 25.4% at similar lenders. In LMI neighborhoods the share was 22.9%, up from 10.8% five years before and above the peer figure of 17.2%. Both rest on 71 loans, so a handful of loans moves them.
More than half its loans, 54.9%, financed home purchases; home improvement took 19.7% and refinancing 16.9%. It has lent around Boston and in rural New Hampshire since at least 1990. In Manchester-Nashua its share slipped from 0.2% to 0.1%, ranking 133 of 344 lenders, a fall that may simply reflect its smaller lending.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Salem Co-Operative Bank took 124 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 54.9% · Home improvement 19.7% · Refinance 16.9% · Other 8.5%
Conventional 100.0% · of 71 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
| State | Loans | Share |
|---|---|---|
| New Hampshire | 55 | 77.5% |
| Massachusetts | 16 | 22.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rockingham County-Strafford County | 39 |
| Cambridge-Newton-Framingham | 13 |
| Manchester-Nashua | 9 |
| Boston | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300O2WI1UYPLRU579 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 670878 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 4349 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 327824 | 2011–2017 |
Established 1 January 1922. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Salem Co-Operative Bank's data.
Salem Co-Operative Bank's data
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