Bank of New England
Salem, New Hampshire · FDIC Cert #24540
Bank of New England is an FDIC-insured bank (Certificate #24540) with $1.5B in total assets and $1.2B in total deposits as of the Q2 2024 Call Report. Headquartered in Salem, New Hampshire, the bank maintains a Tier 1 capital ratio of 16.10% (Well-Capitalized) and a nonperforming loan ratio of 2.34%. BankHealthData assigns a composite Health Grade of B (66/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Bank of New England (FDIC cert 24540) is a mid-sized bank with $1.5B in total assets and $1.2B in deposits, based in Salem, New Hampshire. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is strong: Tier 1 capital ratio of 16.10% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is elevated: non-performing loan ratio of 2.34% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is thin: 10.3% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is strong: return on assets of 2.63% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is improving: the bank's composite score is up materially over the most recent quarters in the dataset. Improving trends usually reflect either capital strengthening, asset-quality recovery, or sustained profitability gains. Bank of New England carries a composite BankHealth grade of B (66/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Bank of New England
- Total Assets
- $1.5B
- Total Deposits
- $1.2B
- Tier 1 Capital Ratio
- 16.10%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.34%
- Liquidity Ratio
- 10.26%
- Return on Assets
- 2.63%
- Headquarters
- Salem, New Hampshire
- FDIC Certificate
- #24540
- Health Grade
- B (66/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Bank of New England holds a Tier 1 capital ratio of 16.10%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Bank of New England has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Bank of New England shows strong financial health indicators. With $1.5B in assets and a Health Score of 66/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Bank of New England Compares
Bank of New England’s Health Score of 66 is 2 points below the New Hampshire state average of 68 across 19 FDIC-insured banks. Its 16.10% Tier 1 capital ratio is 2.1 points above the US banking industry average near 14%. The 2.34% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 2.63% is in line with or above the national ROA benchmark of ~1.1%. Among 799 similarly-sized banks, the average Health Score is 72, meaning this bank ranks below its size cohort. Site-wide, Bank of New England is 4 points below the portfolio average of 70.
Frequently Asked Questions
Bank of New England has a Bank Health Score of B (66/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 16.10%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Bank of New England's Tier 1 capital ratio of 16.10% and nonperforming loan ratio of 2.34% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Bank of New England is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #24540). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Bank of New England holds $1.5B in total assets and $1.2B in total deposits. It is headquartered in Salem, New Hampshire (FDIC Certificate #24540).
Bank of New England has a Tier 1 capital ratio of 16.10%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.34%, and the return on assets is 2.63%.
Yes. Bank of New England is FDIC-insured (Certificate #24540). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Bank of New England's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.