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 9^th largest bank in the state of Maine. It is also the 716^th 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+

Data as of Q1 2021

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Health Grade Components

Overall
FDIC Certificate #	17748
Year Established	1868
Employees	192
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.55%
Return on Equity - YTD	6.08%
Annual Interest Income	$12.1MM

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$1.43B$1.25B
Loans	Q1 2021vs Q1 2020	$1.09B$978.0MM
Deposits	Q1 2021vs Q1 2020	$1.26B$1.03B
Equity Capital	Q1 2021vs Q1 2020	$129.7MM$120.8MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$12.0MM$9.4MM
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$12.8MM$10.6MM
Real Estate Owned	Q1 2021vs Q1 2020	$0$200.00K

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
0.15%^*	$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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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^*	$5m	Champion 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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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Portland Area

Portland Area bank & credit union details

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