Gorham Savings Bank

Overview / Commentary
64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 8th largest bank in the state of Maine. It is also the 693rd largest bank in the nation. It was established in 1868 and as of December of 2021, it had grown to 199 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 - YTD0.75%
Return on Equity - YTD8.33%
Annual Interest Income$48.1MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1.54B$1.38B
LoansQ4 2021vs Q4 2020$1.12B$1.06B
DepositsQ4 2021vs Q4 2020$1.36B$1.22B
Equity CapitalQ4 2021vs Q4 2020$137.1MM$126.7MM
Loan Loss AllowanceQ4 2021vs Q4 2020$9.5MM$11.4MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$8.1MM$14.2MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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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

0.15%*$75k*-Grow&Go Savings
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $75k
0.05%$25-Statement Savings
0.01%$25-Health Savings Account (HSA Checking)

Gorham Savings Bank Money Market Rates

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
0.15%*$100k*-Champion Money Market Checking
OTHER TIERS: 0.02% $25 - $10k | 0.05% $10k - $25k | 0.10% $25k - $100k
0.15%*$250k*-Premier Business Money Market
OTHER TIERS: 0.01% $25 - $10k | 0.05% $10k - $50k | 0.10% $50k - $250k

Gorham Savings Bank Checking Account Rates

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%*$250k*$5mChampion Checking
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $100k | 0.15% $100k+
0.05%*$10k*-Make Cents Checking
OTHER TIERS: 0.02% $25 - $10k
0.05%*$10k*-Make Change Checking
OTHER TIERS: 0.02% $25 - $10k

Gorham Savings Bank CD Rates

0.25%$500-48 Month CD
0.25%$500-60 Month CD
0.20%$500-24 Month CD
0.20%$500-36 Month CD
0.15%$500-18 Month CD
0.15%*$75k*-18 Month Hassle Free-Tiered CD
OTHER TIERS: 0.05% $500 - $25k | 0.10% $25k - $75k
0.10%$500-6 Month CD
0.10%$500-12 Month CD
0.05%$500-91 Day CD

Gorham Savings Bank IRA Rates

0.25%$500-48 Month IRA
0.25%$500-60 Month IRA
0.20%$500-24 Month IRA
0.20%$500-36 Month IRA
0.15%$500-18 Month IRA
0.10%$500-6 Month IRA
0.10%$500-12 Month IRA


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