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Overview / Commentary
64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 8th largest bank in the state of Maine. It is also the 711st largest bank in the nation. It was established in 1868 and as of March of 2014, it had grown to 166 employees at 12 locations. Gorham Savings Bank has a B+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Gorham Savings Bank had $12.38 million in non-current loans and owned real-estate with $89.93 million in equity and loan loss allowances on hand to cover it. This gives Gorham Savings Bank a Texas Ratio of 13.77% which is above 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 decreased dramatically from 20.08% as of March 31, 2013 to 13.77% as of March 31, 2014, resulting in a positive change of 31.45%.This indicates that the balance sheet and financial strength for Gorham Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Gorham Savings Bank has increased its total deposits by $34.63 million, resulting in 5.26% 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 excellent.



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 $951.18 million in assets with $89.93 million in equity, resulting in a capitalization level of 9.45%, which is average.

Institution Statistics

FDIC Certificate #17748
Year Established1868
Primary RegulatorFDIC
Assets and Liabilities
Assets$951.18 million
Loans$676.91 million
Deposits$693.26 million
Equity Capital$83.53 million
Loan Loss Allowance$6.40 million
Unbacked Noncurrent Loans$11.75 million
Real Estate Owned$634,000
Historic Data - March 2013
Assets$910.36 million
Equity Capital$81.46 million
Loan Loss Allowance$7.32 million
Unbacked Noncurrent Loans$11.75 million
Real Estate Owned$1.12 million
Profit Margin - Quarterly
Net Interest Margin2.78%
Return on Assets0.31%
Return on Equity3.63%
Interest Income$7.87 million

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Gorham Savings Bank Savings Account Rates

0.50%$25-HSA Checking
0.25%$75k-Grow&Go Savings
0.15%$25-Online Savings
0.10%$25-Statement Savings

Gorham Savings Bank Money Market Rates

0.25%$1k-Indexed Business Money Market
0.15%$50k-Money Market Checking
0.15%$50k-Tiered Business Money Market

Gorham Savings Bank Checking Account Rates

1.00%$25-Business NOW IOLTA Checking
1.00%$25-Business NOW RAHF Checking
0.75%$100k$500kChampion Checking-High Tier
0.20%$1m-Business Rate Checking
0.20%$10k-Make Cents Checking - Qualifying
0.10%$50k-ProgressiveNOW Checking
0.05%$25-eEssential Checking
0.05%$10k-Make Cents Checking - Non Qualifying
0.05%$10k-Champion Checking-Low Tier

Gorham Savings Bank CD Rates

1.25%$500-60 Month Standard CD
0.80%$500-48 Month Standard CD
0.75%$500-36 Month Standard CD
0.50%$500-24 Month Standard CD
0.35%$500-18 Month Standard CD
0.30%$500-12 Month Standard CD
0.20%$500-6 Month Standard CD
0.20%$75k-18 Month Tiered Hassle Free CD
0.15%$500-91 Day Standard CD

Gorham Savings Bank IRA Rates

1.25%$500-60 Month Standard IRA
0.80%$500-48 Month Standard IRA
0.75%$500-36 Month Standard IRA
0.50%$500-24 Month Standard IRA
0.35%$500-18 Month Standard IRA
0.30%$500-12 Month Standard IRA
0.20%$500-6 Month Standard IRA

Gorham Savings Bank has 11 locations. Click to view all Gorham Savings Bank locations.