Gorham Savings Bank

Overview / Commentary
64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 7th largest bank in the state of Maine. It is also the 653rd largest bank in the nation. It was established in 1868 and as of December of 2019, it had grown to 191 employees at 14 locations. Gorham Savings Bank has an A health rating.


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Health Grade Components

FDIC Certificate #17748
Year Established1868
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD6.93%
Annual Interest Income$50.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.26B$1.19B
LoansQ4 2019vs Q4 2018$968.3MM$950.7MM
DepositsQ4 2019vs Q4 2018$1.03B$965.9MM
Equity CapitalQ4 2019vs Q4 2018$120.1MM$109.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$8.4MM$8.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$10.4MM$5.1MM
Real Estate OwnedQ4 2019vs Q4 2018$200.00K$200.00K
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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

0.20%*$75k*-Grow&Go Savings
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $50k | 0.15% $50k - $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

0.35%*$250k*-Premier Business Money Market
OTHER TIERS: 0.01% $25 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k
0.25%*$100k*-Champion Money Market Checking
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $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

1.00%$25-IOLTA Checking
1.00%$25-RAHF Checking
0.50%*$250k*$5mChampion Checking
OTHER TIERS: 0.05% $25 - $10k | 0.15% $10k - $50k | 0.20% $50k+ | 0.25% $100k - $250k
0.20%*$1m*-Business Rate Checking
OTHER TIERS: 0.05% $25 - $250k | 0.10% $250k - $500k | 0.15% $500k - $1m
0.10%*$10k*-Make Cents Checking
OTHER TIERS: 0.05% $25 - $10k

Gorham Savings Bank CD Rates

0.50%$500-36 Month CD
0.50%$500-48 Month CD
0.50%$500-60 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$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

0.50%$500-36 Month IRA
0.50%$500-48 Month IRA
0.50%$500-60 Month IRA
0.35%$500-24 Month IRA
0.30%$500-18 Month IRA
0.25%$500-12 Month IRA
0.20%$500-6 Month IRA


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