Gorham Savings Bank is headquartered in Gorham and is the 9th largest bank in the state of Maine. It is also the 678th largest bank in the nation. It was established in 1868 and as of March of 2022, it had grown to 195 employees at 14 locations. Gorham Savings Bank's money market rates are 14% higher than the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 17748 |
Year Established | 1868 |
Employees | 195 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | -0.31% |
Return on Equity - YTD | -3.64% |
Annual Interest Income | $12.0MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $1.55B$1.43B |
Loans | Q1 2022vs Q1 2021 | $1.13B$1.09B |
Deposits | Q1 2022vs Q1 2021 | $1.36B$1.26B |
Equity Capital | Q1 2022vs Q1 2021 | $122.8MM$129.7MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $9.2MM$12.0MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $7.8MM$12.8MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.15%* | $75k* | - | Grow&Go Savings | ||
OTHER TIERS: 0.05% → $25 - $10k | 0.10% → $10k - $75k | |||||
0.10% | $25 | - | Statement Savings | ||
0.01% | $25 | - | Health Savings Account (HSA Checking) |