Overview / Commentary
Gorham Savings Bank is headquartered in Gorham and is the 8th largest bank in the state of Maine. It is also the 661st largest bank in the nation. It was established in 1868 and as of December of 2018, it had grown to 195 employees at 14 locations. Gorham Savings Bank has an A health rating.
Health
A
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17748 |
| Year Established | 1868 |
| Employees | 195 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 6.39% |
| Annual Interest Income | $45.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.19B$1.09B |
| Loans | Q4 2018vs Q4 2017 | $950.7MM$862.2MM |
| Deposits | Q4 2018vs Q4 2017 | $965.9MM$846.2MM |
| Equity Capital | Q4 2018vs Q4 2017 | $109.0MM$104.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $8.2MM$7.5MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $5.1MM$4.8MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $200.00K$543.00K |
Rates
Rates for Gorham Savings Bank are currently being reviewed.
