Gorham Savings Bank

64 Main Street
Gorham, ME 4038
1-800-492-8120
www.gorhamsavingsbank.com

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Gorham Savings Bank is headquartered in Gorham and is the 7^th largest bank in the state of Maine. It is also the 701^st largest bank in the nation. It was established in 1868 and as of March of 2012, it had grown to 194 employees at 11 locations. Gorham Savings Bank has a 3-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Gorham Savings Bank Checking Account Rates

Apy	Min	Max	Product
1.00%	$25	-	Business NOW IOLTA Checking
1.00%	$25	-	Business NOW RAHF Checking
0.25%	$1m	-	Business Rate Checking
0.15%	$50k	-	ProgressiveNOW Checking
0.10%	$25	-	eEssential Checking

Gorham Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.30%	$75k	-	Grow&Go Savings
0.25%	$25	-	Online Savings
0.15%	$25	-	Statement Savings

Gorham Savings Bank Money Market Rates

Apy	Min	Max	Product
0.25%	$1k	-	Indexed Business Money Market
0.20%	$50k	-	Money Market Checking
0.20%	$50k	-	Tiered Business Money Market

Gorham Savings Bank CD Rates

Apy	Min	Max	Product
1.31%	$500	-	25-36 Month Fresh Break CD
1.25%	$50k	-	60 Month BankingBenefits CD
1.10%	$500	-	60 Month Standard CD
0.90%	$50k	-	48 Month BankingBenefits CD
0.80%	$500	-	48 Month Standard CD
0.70%	$500	-	13-24 Month Fresh Break CD
0.70%	$50k	-	36 Month BankingBenefits CD
0.60%	$500	-	36 Month Standard CD
0.55%	$50k	-	24 Month BankingBenefits CD
0.45%	$500	-	24 Month Standard CD
0.45%	$50k	-	18 Month BankingBenefits CD
0.35%	$50k	-	12 Month BankingBenefits CD
0.30%	$500	-	18 Month Standard CD
0.30%	$75k	-	18 Month Tiered Hassle Free CD
0.25%	$500	-	12 Month Standard CD
0.25%	$50k	-	6 Month BankingBenefits CD
0.20%	$500	-	6 Month Standard CD
0.20%	$50k	-	91 Day BankingBenefits CD
0.15%	$500	-	91 Day Standard CD
0.10%	$500	-	1-12 Month Fresh Break CD

Gorham Savings Bank IRA Rates

Apy	Min	Max	Product
1.31%	$500	-	25-36 Month Fresh Break IRA
1.25%	$500	-	60 Month BankingBenefits IRA
1.10%	$500	-	60 Month Standard IRA
0.90%	$500	-	48 Month BankingBenefits IRA
0.80%	$500	-	48 Month Standard IRA
0.70%	$500	-	36 Month BankingBenefits IRA
0.70%	$500	-	13-24 Month Fresh Break IRA
0.60%	$500	-	36 Month Standard IRA
0.55%	$500	-	24 Month BankingBenefits IRA
0.45%	$500	-	24 Month Standard IRA
0.45%	$500	-	18 Month BankingBenefits IRA
0.35%	$500	-	12 Month BankingBenefits IRA
0.30%	$500	-	18 Month Standard IRA
0.25%	$500	-	12 Month Standard IRA
0.25%	$500	-	6 Month BankingBenefits IRA
0.20%	$500	-	6 Month Standard IRA
0.10%	$500	-	1-12 Month Fresh Break IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Gorham Savings Bank
FDIC Certificate #	17748
BankRate Report	View
Year Established	1868
Employees	194
Primary Regulator	FDIC
Assets and Liabilities
Assets	$941.37 million
Loans	$617.04 million
Deposits	$669.03 million
Equity Capital	$78.44 million
Loan Loss Allowance	$6.56 million
Unbacked Noncurrent Loans	$18.46 million
Real Estate Owned	$1.17 million
Historic Data - March 2011
Assets	$903.19 million
Equity Capital	$73.72 million
Loan Loss Allowance	$6.97 million
Unbacked Noncurrent Loans	$10.01 million
Real Estate Owned	$1.09 million
Profit Margin - Quarterly
Net Interest Margin	2.78%
Return on Assets	0.13%
Return on Equity	1.57%
Interest Income	$8.32 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Gorham Savings Bank had $19.63 million in non-current loans and owned real-estate with $85 million in equity and loan loss allowances on hand to cover it. This gives Gorham Savings Bank a Texas Ratio of 23.09% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Gorham Savings Bank increased slightly from 13.76% as of March 31, 2011 to 23.09% as of March 31, 2012, resulting in a negative change of 67.83%. This indicates that the balance sheet and financial strength for Gorham Savings Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Gorham Savings Bank has increased its total deposits by $20.19 million, resulting in 3.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Gorham Savings Bank has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Gorham Savings Bank has $941.37 million in assets with $85 million in equity, resulting in a capitalization level of 9.03%, which is average.

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