Gorham Savings Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.20%	Reward Checking	Make Cents Checking 1.92% - National Average
1.15%	5-year CD	60 Month CD 2.50% - Ally Bank High Yield 5 Year CD
0.40%	1-year CD	12 Month CD 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD

View all Gorham Savings Bank rates »

Overview / Commentary

www.gorhamsavings.bank

207-839-4450

64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 8^th largest bank in the state of Maine. It is also the 694^th largest bank in the nation. It was established in 1868 and as of December of 2017, it had grown to 193 employees at 14 locations. Gorham Savings Bank has an A health rating.

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Health

A

Data as of Q4 2017

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Health Grade Components

Overall
FDIC Certificate #	17748
Year Established	1868
Employees	193
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.42%
Return on Equity - YTD	4.3%
Annual Interest Income	$38.9MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$1.09B$1.03B
Loans	Q4 2017vs Q4 2016	$862.2MM$803.3MM
Deposits	Q4 2017vs Q4 2016	$846.2MM$808.6MM
Equity Capital	Q4 2017vs Q4 2016	$104.0MM$98.8MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$7.5MM$7.3MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$4.8MM$8.2MM
Real Estate Owned	Q4 2017vs Q4 2016	$543.00K$247.00K

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
0.25%^*	$75k^*	-	Grow&Go Savings
OTHER TIERS: 0.05% → $25 - $10k \| 0.10% → $10k - $50k \| 0.15% → $50k - $75k
0.25%	$25	-	Health Savings Account (HSA Checking)
0.15%	$25	-	Online Savings
0.10%	$25	-	Statement Savings

Gorham Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%	$1k	-	Indexed Business Money Market
0.45%^*	$50k^*	-	Champion Money Market Checking
OTHER TIERS: 0.05% → $25 - $5k \| 0.10% → $5k - $10k \| 0.20% → $10k - $25k \| 0.30% → $25k - $50k
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

Gorham Savings Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$25	-	Business IOLTA Checking
1.00%	$25	-	Business RAHF Checking
1.00%^*	$250k^*	$1m	Champion Checking
OTHER TIERS: 0.05% → $25 - $10k \| 0.20% → $10k+ \| 0.40% → $50k - $100k \| 0.75% → $100k - $250k
0.20%^*	$1m^*	-	Business Rate Checking
OTHER TIERS: 0.05% → $25 - $250k \| 0.10% → $250k - $500k \| 0.15% → $500k - $1mm
0.20%^*	$10k^*	-	Make Cents Checking
OTHER TIERS: 0.10% → $25 - $10k

Gorham Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.15%	$500	-	60 Month CD
0.75%	$500	-	36 Month CD
0.75%	$500	-	48 Month CD
0.60%	$500	-	24 Month CD
0.45%	$500	-	18 Month CD
0.40%	$500	-	12 Month CD
0.20%	$500	-	6 Month CD
0.20%^*	$500^*	$25k	18 Month Hassle Free-Tiered CD
OTHER TIERS: 0.05% → $75k+ \| 0.10% → $25k - $75k
0.15%	$500	-	91 Day CD

Gorham Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.15%	$500	-	60 Month IRA
0.75%	$500	-	36 Month IRA
0.75%	$500	-	48 Month IRA
0.60%	$500	-	24 Month IRA
0.45%	$500	-	18 Month IRA
0.40%	$500	-	12 Month IRA
0.20%	$500	-	6 Month IRA

Locations

Availability

Portland Area

Portland Area bank & credit union details

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