Gorham Savings Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.20%	Reward Checking	1.25% - Axos Bank Rewards Checking - 3 Qualifications
2.25%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD
0.40%	1-year CD	2.55% - Goldman Sachs Bank USA High-yield 12 Month CD

View all Gorham Savings Bank rates »

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 676^th largest bank in the nation. It was established in 1868 and as of June of 2018, it had grown to 202 employees at 14 locations. Gorham Savings Bank has an A health rating.

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Health

A

Data as of Q2 2018

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Health Grade Components

Overall
FDIC Certificate #	17748
Year Established	1868
Employees	202
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.56%
Return on Equity - YTD	6%
Annual Interest Income	$21.7MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$1.15B$1.07B
Loans	Q2 2018vs Q2 2017	$912.3MM$825.5MM
Deposits	Q2 2018vs Q2 2017	$873.6MM$839.6MM
Equity Capital	Q2 2018vs Q2 2017	$104.4MM$103.5MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$7.9MM$6.9MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$5.1MM$5.5MM
Real Estate Owned	Q2 2018vs Q2 2017	$543.00K$543.00K

Rates

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Savings
Money Market
Checking
CD
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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
0.25%^*	$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

APY	MIN	MAX	ACCOUNT NAME
2.01%	$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

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$250k^*	$1m	Champion Checking
OTHER TIERS: 0.05% → $25 - $10k \| 0.20% → $1m+ \| 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 - $1m
0.20%^*	$10k^*	-	Make Cents Checking
OTHER TIERS: 0.10% → $25 - $10k

Gorham Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%	$500	-	24 Month CD
2.25%	$500	-	36 Month CD
2.25%	$500	-	48 Month CD
2.25%	$500	-	60 Month CD
2.00%	$500	-	18 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

APY	MIN	MAX	ACCOUNT NAME
2.25%	$500	-	24 Month IRA
2.25%	$500	-	36 Month IRA
2.25%	$500	-	48 Month IRA
2.25%	$500	-	60 Month IRA
2.00%	$500	-	18 Month IRA
0.40%	$500	-	12 Month IRA
0.20%	$500	-	6 Month IRA

Locations

Availability

Portland Area

Portland Area bank & credit union details

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