Gorham Savings Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.20%	Reward Checking	2.11% - National Average
2.00%	5-year CD	3.10% - Barclays 60 Month Online CD
0.40%	1-year CD	2.75% - Barclays 12 Month Online 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 668^th largest bank in the nation. It was established in 1868 and as of September of 2018, it had grown to 191 employees at 14 locations. Gorham Savings Bank has an A health rating.

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Health

Data as of Q3 2018

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Health Grade Components

Overall
FDIC Certificate #	17748
Year Established	1868
Employees	191
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.6%
Return on Equity - YTD	6.46%
Annual Interest Income	$33.5MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$1.16B$1.08B
Loans	Q3 2018vs Q3 2017	$933.1MM$849.6MM
Deposits	Q3 2018vs Q3 2017	$947.1MM$846.0MM
Equity Capital	Q3 2018vs Q3 2017	$105.4MM$105.2MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$8.0MM$7.3MM
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$5.2MM$5.0MM
Real Estate Owned	Q3 2018vs Q3 2017	$200.00K$543.00K

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%^*	$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
1.25%^*	$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%	$1k	-	Indexed Business Money Market
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^*	$5m	Champion Checking
OTHER TIERS: 0.05% → $25 - $10k \| 0.20% → $5m+ \| 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
2.00%	$500	-	18 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

APY	MIN	MAX	ACCOUNT NAME
2.25%	$500	-	24 Month IRA
2.00%	$500	-	18 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

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Portland Area

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