Gorham Savings Bank

Overview / Commentary

www.gorhamsavings.bank

207-839-4450

64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 9^th largest bank in the state of Maine. It is also the 678^th largest bank in the nation. It was established in 1868 and as of March of 2022, it had grown to 195 employees at 14 locations. Gorham Savings Bank's money market rates are 14% higher than the national average, and it has an A health rating.

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Health

Data as of Q1 2022

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Health Grade Components

Overall
FDIC Certificate #	17748
Year Established	1868
Employees	195
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-0.31%
Return on Equity - YTD	-3.64%
Annual Interest Income	$12.0MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$1.55B$1.43B
Loans	Q1 2022vs Q1 2021	$1.13B$1.09B
Deposits	Q1 2022vs Q1 2021	$1.36B$1.26B
Equity Capital	Q1 2022vs Q1 2021	$122.8MM$129.7MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$9.2MM$12.0MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$7.8MM$12.8MM
Real Estate Owned	Q1 2022vs Q1 2021	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Gorham Savings Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$75k^*	-	Grow&Go Savings
OTHER TIERS: 0.05% → $25 - $10k \| 0.10% → $10k - $75k
0.10%	$25	-	Statement Savings
0.01%	$25	-	Health Savings Account (HSA Checking)

Gorham Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$100k^*	-	Champion Money Market Checking
OTHER TIERS: 0.05% → $25 - $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $50k \| 0.30% → $50k - $100k
0.40%^*	$250k^*	-	Premier Business Money Market
OTHER TIERS: 0.01% → $25 - $10k \| 0.10% → $10k - $50k \| 0.20% → $50k - $100k \| 0.25% → $100k - $250k
0.25%^*	$50k^*	-	Tiered Business Money Market
OTHER TIERS: 0.01% → $25 - $5k \| 0.05% → $5k - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.15%^*	$50k^*	-	Money Market Checking
OTHER TIERS: 0.01% → $25 - $5k \| 0.05% → $5k - $10k \| 0.10% → $10k - $50k

Gorham Savings Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$25	-	IOLTA Checking
1.00%	$25	-	RAHF Checking
0.75%^*	$250k^*	-	Champion Checking
OTHER TIERS: 0.15% → $25 - $10k \| 0.35% → $10k - $50k \| 0.50% → $50k - $100k \| 0.60% → $100k - $250k
0.20%^*	$1m^*	-	Business Rate Checking
OTHER TIERS: 0.05% → $25 - $250k \| 0.10% → $250k - $500k \| 0.15% → $500k - $1m
0.05%^*	$10k^*	-	Make Cents Checking
OTHER TIERS: 0.02% → $25 - $10k
0.05%^*	$10k^*	-	Make Change Checking
OTHER TIERS: 0.02% → $25 - $10k

Gorham Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.20%	$500	-	60 Month CD
1.00%	$500	-	20 Month CD Special
0.50%	$500	-	48 Month CD
0.40%	$500	-	36 Month CD
0.35%	$500	-	24 Month CD
0.25%	$500	-	18 Month CD
0.20%	$500	-	12 Month CD
0.15%^*	$75k^*	-	18 Month Hassle Free-Tiered CD
OTHER TIERS: 0.05% → $500 - $25k \| 0.10% → $25k - $75k
0.10%	$500	-	6 Month CD
0.05%	$500	-	91 Day CD

Gorham Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.20%	$500	-	60 Month IRA
1.00%	$500	-	20 Month IRA Special
0.50%	$500	-	48 Month IRA
0.40%	$500	-	36 Month IRA
0.35%	$500	-	24 Month IRA
0.25%	$500	-	18 Month IRA
0.20%	$500	-	12 Month IRA
0.10%	$500	-	6 Month IRA

Locations

Availability

Portland Area

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