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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 8th largest bank in the state of Maine. It is also the 705th largest bank in the nation. It was established in 1868 and as of December of 2020, it had grown to 193 employees at 14 locations. Gorham Savings Bank has a B+ health rating.

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Health
B+

Data as of Q4 2020

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Health Grade Components

Overall
FDIC Certificate #17748
Year Established1868
Employees193
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD6.63%
Annual Interest Income$47.3MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.38B$1.26B
LoansQ4 2020vs Q4 2019$1.06B$968.3MM
DepositsQ4 2020vs Q4 2019$1.22B$1.03B
Equity CapitalQ4 2020vs Q4 2019$126.7MM$120.1MM
Loan Loss AllowanceQ4 2020vs Q4 2019$11.4MM$8.4MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$14.2MM$10.4MM
Real Estate OwnedQ4 2020vs Q4 2019$0$200.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$75k*-Grow&Go Savings
OTHER TIERS: 0.05% → $25 - $10k | 0.10% → $10k - $75k
0.10%$25-Online Savings
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

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