Gorham Savings Bank


Overview / Commentary
207-839-4450
64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 9th largest bank in the state of Maine. It is also the 716th largest bank in the nation. It was established in 1868 and as of March of 2021, it had grown to 192 employees at 14 locations. Gorham Savings Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #17748
Year Established1868
Employees192
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD6.08%
Annual Interest Income$12.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.43B$1.25B
LoansQ1 2021vs Q1 2020$1.09B$978.0MM
DepositsQ1 2021vs Q1 2020$1.26B$1.03B
Equity CapitalQ1 2021vs Q1 2020$129.7MM$120.8MM
Loan Loss AllowanceQ1 2021vs Q1 2020$12.0MM$9.4MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$12.8MM$10.6MM
Real Estate OwnedQ1 2021vs Q1 2020$0$200.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Gorham Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$75k*-Grow&Go Savings
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $75k
0.05%$25-Statement Savings
0.01%$25-Health Savings Account (HSA Checking)

Gorham Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Money Market Checking
OTHER TIERS: 0.01% $25 - $5k | 0.05% $5k - $10k | 0.10% $10k - $50k
0.15%*$50k*-Tiered Business Money Market
OTHER TIERS: 0.01% $25 - $5k | 0.05% $5k - $10k | 0.10% $10k - $50k
0.15%*$100k*-Champion Money Market Checking
OTHER TIERS: 0.02% $25 - $10k | 0.05% $10k - $25k | 0.10% $25k - $100k
0.15%*$250k*-Premier Business Money Market
OTHER TIERS: 0.01% $25 - $10k | 0.05% $10k - $50k | 0.10% $50k - $250k

Gorham Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$25-IOLTA Checking
1.00%$25-RAHF Checking
0.20%*$1m*-Business Rate Checking
OTHER TIERS: 0.05% $25 - $250k | 0.10% $250k - $500k | 0.15% $500k - $1m
0.20%*$250k*$5mChampion Checking
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $100k | 0.15% $100k+
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$500-48 Month CD
0.25%$500-60 Month CD
0.20%$500-24 Month CD
0.20%$500-36 Month CD
0.15%$500-18 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
0.10%$500-12 Month CD
0.05%$500-91 Day CD

Gorham Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$500-48 Month IRA
0.25%$500-60 Month IRA
0.20%$500-24 Month IRA
0.20%$500-36 Month IRA
0.15%$500-18 Month IRA
0.10%$500-6 Month IRA
0.10%$500-12 Month IRA
Locations

Availability



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