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 8^th largest bank in the state of Maine. It is also the 663^rd largest bank in the nation. It was established in 1868 and as of September of 2019, it had grown to 189 employees at 15 locations. Gorham Savings Bank has an A health rating.

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Health

Data as of Q3 2019

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Health Grade Components

Overall
FDIC Certificate #	17748
Year Established	1868
Employees	189
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.67%
Return on Equity - YTD	7.12%
Annual Interest Income	$37.9MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$1.22B$1.16B
Loans	Q3 2019vs Q3 2018	$952.7MM$933.1MM
Deposits	Q3 2019vs Q3 2018	$1.02B$947.1MM
Equity Capital	Q3 2019vs Q3 2018	$119.0MM$105.4MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$8.4MM$8.0MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$4.9MM$5.2MM
Real Estate Owned	Q3 2019vs Q3 2018	$345.00K$200.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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%	$25	-	Health Savings Account (HSA Checking)
0.20%^*	$75k^*	-	Grow&Go Savings
OTHER TIERS: 0.05% → $25 - $10k \| 0.10% → $10k - $50k \| 0.15% → $50k - $75k
0.15%	$25	-	Online Savings
0.10%	$25	-	Statement Savings

Gorham Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%^*	$250k^*	-	Premier Business Money Market
OTHER TIERS: 0.01% → $25 - $10k \| 0.10% → $10k - $50k \| 0.45% → $50k - $100k \| 1.00% → $100k - $250k
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
1.15%^*	$250k^*	$5m	Champion Checking
OTHER TIERS: 0.05% → $25 - $10k \| 0.20% → $10k+ \| 0.45% → $50k - $100k \| 0.90% → $100k - $250k
1.00%	$25	-	IOLTA Checking
1.00%	$25	-	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
1.35%	$500	-	7 month CD Special
1.00%	$500	-	18 Month CD
1.00%	$500	-	24 Month CD
1.00%	$500	-	36 Month CD
1.00%	$500	-	48 Month CD
1.00%	$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

APY	MIN	MAX	ACCOUNT NAME
1.35%	$500	-	7 Month IRA Special
1.00%	$500	-	18 Month IRA
1.00%	$500	-	24 Month IRA
1.00%	$500	-	36 Month IRA
1.00%	$500	-	48 Month IRA
1.00%	$500	-	60 Month IRA
0.40%	$500	-	12 Month IRA
0.20%	$500	-	6 Month IRA

Locations

Availability

Portland Area

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