This institution is no longer active

Operations ceased on January 1, 2025. CRA examination history below reflects the period it was active.

GORHAM SAVINGS BANK

GORHAM, ME · Supervised by FDIC

Est. 1868FDIC #17,748RSSD: FDIC-17748

Part ofGORHAM BCORP MHC→ View all charters

Satisfactory Same

Current rating · Exam: November 2023

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.33%

Is this bank safe?

GORHAM SAVINGS BANK holds a Satisfactory CRA rating (2023), meets basic financial requirements (ROA +0.33%).

Institution Profile

FDIC BankFind

Address

64 Main St, GORHAM, ME

County

Cumberland County

Established

January 1, 1868

Total Assets

$1.6B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

November 1, 2023

Exam Type

Large Bank

Regulator

FDIC

What is a CRA rating? →

Estimated next exam:Nov 2027(based on asset size)

Financial Snapshot

As of Q4 2024Call Report / FDIC

Total Assets

$1.6B

Total Deposits

$1.4B

Net Loans

$1.3B

Net Income

$5M

ROA

0.33%

Below avg for Community banks. Peer avg: 0.90%

ROE

4.67%

Risk-Based Capital

0.00%

Below avg for Community banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

ROA0.33%Peer avg: 0.90%▼ Below avg

Risk-Based Capital0.00%Peer avg: 12.91%▼ Below avg

Mortgage Denial Rate14.69%Peer avg: 10.20%▲ More than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	422	69.19%	14.69%
2023	444	71.62%	11.26%
2022	715	76.92%	7.97%
2021	515	73.59%	3.50%
2020	476	68.91%	7.35%
2019	224	74.11%	8.48%
2018	264	76.89%	7.58%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Community bank avg: 10.20% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Nov 2023	Satisfactory	Large Bank
Jul 2020	Satisfactory	Large Bank
Sep 2017	Satisfactory	Large Bank

9 previous ratings locked — back to 1990

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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