Overview / Commentary
207-839-4450
64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 9th largest bank in the state of Maine. It is also the 685th largest bank in the nation. It was established in 1868 and as of March of 2018, it had grown to 189 employees at 14 locations. Gorham Savings Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #17748
Year Established1868
Employees189
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD5.46%
Annual Interest Income$10.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$1.12B$1.04B
LoansQ1 2018vs Q1 2017$890.6MM$803.7MM
DepositsQ1 2018vs Q1 2017$862.0MM$809.7MM
Equity CapitalQ1 2018vs Q1 2017$103.3MM$101.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$7.9MM$7.4MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$5.1MM$6.0MM
Real Estate OwnedQ1 2018vs Q1 2017$543.00K$200.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Gorham Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.25%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.74%$1k-Indexed Business Money Market
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$250k*$1mChampion Checking
OTHER TIERS: 0.05% $25 - $10k | 0.20% $1mm+ | 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 - $1mm
0.20%*$10k*-Make Cents Checking
OTHER TIERS: 0.10% $25 - $10k

Gorham Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-18 Month CD
2.00%$500-24 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-18 Month IRA
2.00%$500-24 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

Availability



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