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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 683rd largest bank in the nation. It was established in 1868 and as of June of 2020, it had grown to 191 employees at 14 locations. Gorham Savings Bank has an A health rating.

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Health
A

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #17748
Year Established1868
Employees191
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD5.91%
Annual Interest Income$23.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.39B$1.22B
LoansQ2 2020vs Q2 2019$1.07B$970.7MM
DepositsQ2 2020vs Q2 2019$1.19B$990.2MM
Equity CapitalQ2 2020vs Q2 2019$123.2MM$115.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$9.9MM$8.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$10.2MM$5.0MM
Real Estate OwnedQ2 2020vs Q2 2019$0$346.00K
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
0.05%$25-Health Savings Account (HSA Checking)

Gorham Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Champion Money Market Checking
OTHER TIERS: 0.02% → $25 - $10k | 0.05% → $10k - $25k | 0.10% → $25k - $50k | 0.15% → $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
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
0.25%*$250k*$5mChampion Checking
OTHER TIERS: 0.05% → $25 - $10k | 0.10% → $10k - $50k | 0.15% → $50k - $100k | 0.20% → $100k+
0.20%*$1m*-Business Rate Checking
OTHER TIERS: 0.05% → $25 - $250k | 0.10% → $250k - $500k | 0.15% → $500k - $1m
0.05%*$10k*-Make Cents 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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