Gorham Savings Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.20%	Reward Checking	2.15% - National Average
2.00%	5-year CD	3.10% - Barclays 60 Month Online CD
0.40%	1-year CD	2.75% - Barclays 12 Month Online 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 661^st 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.

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Health

Data as of Q4 2018

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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	0.59%
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

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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
1.25%^*	$250k^*	-	Premier Business Money Market
OTHER TIERS: 0.01% → $25 - $10k \| 0.10% → $10k - $50k \| 0.45% → $50k - $100k \| 1.00% → $100k - $250k
0.45%^*	$100k^*	-	Champion Money Market Checking
OTHER TIERS: 0.05% → $25 - $10k \| 0.10% → $10k - $25k \| 0.20% → $25k - $50k \| 0.30% → $50k - $100k
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
1.25%^*	$250k^*	$5m	Champion Checking
OTHER TIERS: 0.05% → $25 - $10k \| 0.20% → $5m+ \| 0.25% → $10k - $50k \| 0.50% → $50k - $100k \| 1.00% → $100k - $250k
1.00%	$25	-	Business IOLTA Checking
1.00%	$25	-	Business RAHF Checking
0.20%^*	$1m^*	-	Business Rate Checking
OTHER TIERS: 0.05% → $25 - $250k \| 0.10% → $250k - $500k \| 0.15% → $500k - $1m
0.20%^*	$10k^*	-	Make Cents Checking
OTHER TIERS: 0.10% → $25 - $10k

Gorham Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%	$500	-	24 Month CD
2.00%	$500	-	18 Month CD
2.00%	$500	-	36 Month CD
2.00%	$500	-	48 Month CD
2.00%	$500	-	60 Month CD
0.40%	$500	-	12 Month CD
0.20%	$500	-	6 Month CD
0.20%^*	$75k^*	-	18 Month Hassle Free-Tiered CD
OTHER TIERS: 0.05% → $500 - $25k \| 0.10% → $25k - $75k
0.15%	$500	-	91 Day CD

Gorham Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%	$500	-	24 Month IRA
2.00%	$500	-	18 Month IRA
2.00%	$500	-	36 Month IRA
2.00%	$500	-	48 Month IRA
2.00%	$500	-	60 Month IRA
0.40%	$500	-	12 Month IRA
0.20%	$500	-	6 Month IRA

Locations

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Portland Area

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