Gorham Savings Bank in Gorham, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

Gorham Savings Bank - Overview

  • General
  • FDIC Certificate #: 17748
    Status: Active
    Federal Reserve ID: 241607
    Bank Holding Company (Regulatory Top Holder): Gorham Bancorp, Mhc (RSSDID: 3444717, Location: Gorham, ME)
    Date Established: January 01, 1868
    WWW: http://www.gorhamsavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 15348
    FDIC's unique #: 11703
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 18, 1957
    Last Structure Change Effective Date: July 29, 2008
    Last Structure Change Process Date: July 29, 2008
    Last Data Update: July 29, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 64 Main Street, Gorham, ME 4038
    County: Cumberland
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Portland, ME (#6400)
    Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
    Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
    CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
  • Financial Summary
  • Total assets: $912.7 mil
    Equity capital: $79.1 mil
    Deposits held in domestic offices: $640.1 mil
    Return on assets (ROA): 0.27% ($2.5 mil)
    Quarterly return on assets: 0.28% ($2.6 mil)
    Return on Equity (ROE): 3.16% ($2.5 mil)
    Quarterly return on equity: 3.27% ($2.6 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.30% ($2,738.0 mil)
    Quarterly Pretax return on assets: 0.35% ($3,194.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 191Total employees (full-time equivalent)
  • $912,662Total assets
  • $34,708Cash and due from depository institutions
  • $7,071Interest-bearing balances
  • $189,893Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $627,497Net loans & leases
  • $6,888Loan loss allowance
  • $0Trading account assets
  • $16,387Bank premises and fixed assets
  • $991Other real estate owned
  • $3,049Goodwill and other intangibles
  • $912,662Life insurance assets
  • $40,137All other assets
  • $833,561Total liabilities and capital
  • $640,066Total liabilities
  • $532,570Total deposits
  • $640,066Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 46861.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $140,182Trading liabilities
  • $0Other borrowed funds
  • $6,452Subordinated debt
  • $79,101All other liabilities
  • $79,101Total equity capital
  • $79,101Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $11,750Surplus
  • $67,351Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $557Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,072Income earned, not collected on loans
  • $0Earning assets
  • $2,490Long-term assets (5+ years)
  • $824,461Average Assets, year-to-date
  • $349,413Average Assets, quarterly
  • $907,397Volatile liabilities
  • $908,348Insider loans
  • $608,009FHLB advances
  • $901,964Loans and leases held for sale
  • $12,423Unused loan commitments
  • $6,640Tier 1 (core) risk-based capital
  • $76,102Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,783Total unused commitments
  • $141,940Restructured Loans and leases
  • $1,021Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $33,629Total interest income
  • $11,229Total interest expense
  • $22,400Net interest income
  • $988Provision for loan and lease losses
  • $6,708Total noninterest income
  • $0Fiduciary activities
  • $1,157Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,551Additional noninterest income
  • $25,593Total noninterest expense
  • $13,917Salaries and employee benefits
  • $3,695Premises and equipment expense
  • $7,981Additional noninterest expense
  • $2,527Pre-tax net operating income
  • $196Securities gains (losses)
  • $309Applicable income taxes
  • $2,414Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,414Net income attributable to bank
  • $0Net charge-offs
  • $2,414Cash dividends
  • $1,822Sale, conversion, retirement of capital stock, net
  • $80Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.08%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 2.72%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 0.25%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.30%Pretax return on assets
  • 3.16%Return on equity (ROE)
  • 3.05%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 54.23%Credit loss provision to net charge-offs
  • 1.93%Efficiency ratio
  • 87,763Assets per employee
  • 4.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 3.31%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 32.69%Noncurrent assets plus other real estate owned to assets
  • 2.42%Noncurrent loans to loans
  • 3.32%Net loans and leases to deposits
  • 98.04%Net loans and leases to core deposits
  • 120.08%Equity capital to assets
  • 8.67%Core capital (leverage) ratio
  • 8.44%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $907,397Average earning assets
  • $76,423Average equity
  • $823,252Average loans

Bank Assets Sold and Securitized (December 31, 2011)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $34,9311-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 11 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011703Gorham Savings Bank64 Main Street, Gorham, ME 4038January 01, 1868Full Service Brick and Mortar
    1242667Standish BranchColonial Market Place, Route 25, Standish, ME 4084September 06, 1979Full Service Brick and Mortar
    2242668Windham Branch766 Roosevelt Trail, Windham, ME 4062March 05, 1992Full Service Brick and Mortar
    3242669Scarborough Branch38 Hannaford Drive, Scarborough, ME 4074June 01, 1995Full Service Brick and Mortar
    4242670West Falmouth Crossing Branch65 Gray Road, Falmouth, ME 4105November 16, 1999Full Service Brick and Mortar
    5357301Call C En T Er Branch10 Wentworth Drive, Gorham, ME 4038December 22, 1999Full Service Cyber
    6361369Waterboro Branch11 Sokokis Trail, East Waterboro, ME 4030June 25, 2001Full Service Brick and Mortar
    7423237South Portland Branch395 Gorham Road, South Portland, ME 4106September 29, 2003Full Service Brick and Mortar
    8429561Portland Branch172 Commercial Street, Portland, ME 4101June 21, 2004Full Service Brick and Mortar
    9433585Portland Marginal Way Branch71 Marginal Way, Portland, ME 4101November 15, 2004Full Service Brick and Mortar
    10510011Falmouth-Foreside Branch202 Us Route One, Falmouth, ME 4105June 08, 2010Full Service Brick and Mortar

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