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Gorham Savings Bank

Gorham, ME · Cert 17748

FDIC · 13 branches

Q4 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q4 2024, the quarter ended December 31, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=280 to 281). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

4

Q2 2024Q4 2024peer median (50)

Asset Quality

47

Q2 2024Q4 2024peer median (50)

Profitability

16

Q2 2024Q4 2024peer median (50)

Liquidity

73

Q2 2024Q4 2024peer median

Efficiency

7

Q2 2024Q4 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Gorham Savings Bank

Gorham, ME · Cert 17748

FDIC · 13 branches

Q4 2024

$1.6BAssets
$1.3BLoans
$1.4BDeposits
$116.2MEquity
Loan mix
78%RE $644.2M22%C&I $182.0M0%Consumer $3.2MQ1 2023Q4 2024
Deposit mix
78%Interest-bearing $1.1B22%Noninterest $0.3BQ1 2023Q4 2024

Market Position · Portland-South Portland, ME · 2024 SOD (annual) · 6.4% share · #5 of 23 inst. · $1.3B of $21.1B

8.6% Cumberland
1.6% York

Executive Summary

  • Earnings: ROA of 0.33%, up 1 bps year over year; NIM at 2.30%.
  • Asset quality: problem loans at 0.48% of loans (-11 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 9.53%, up 34 bps from a year ago.
  • Funding: loans stand at 91.69% of deposits as of Q4 2024.

Return on Assets (YTD, annualized)

0.33%+1 bps YoY

Net Interest Margin (YTD, annualized)

2.30%+1 bps YoY

Efficiency Ratio (YTD, annualized)

90.38%+335 bps YoY

Tier 1 Leverage Ratio

9.53%+34 bps YoY

NIM

3.27%Q4 ’224.17%Q4 ’234.52%Q4 ’24-16%+1%

Non-interest income vs. expense

2.66%Q4 ’222.42%Q4 ’232.60%Q4 ’24-14%+5%

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets0.11%0.19%0.26%0.32%0.19%0.28%0.36%0.33%+1 bps
Return on Equity1.67%2.81%3.94%4.89%2.73%4.09%5.08%4.67%-23 bps
Net Interest Margin2.34%2.27%2.29%2.29%2.18%2.21%2.31%2.30%+1 bps
Efficiency Ratio87.16%87.63%86.50%87.03%91.61%91.72%89.98%90.38%+335 bps
Non-Interest Burden2.01%1.95%1.93%1.94%1.96%1.99%2.03%2.04%+10 bps
Growth
Asset Growth (YoY)6.58%5.34%5.47%3.79%-0.29%0.89%-0.82%-3.64%-743 bps
Loan Growth (YoY)9.84%8.22%8.05%3.11%1.43%0.24%-1.88%-0.14%-325 bps
Deposit Growth (YoY)3.86%-2.10%0.00%-0.96%-4.74%-0.22%-0.16%4.27%+523 bps
Asset Quality
Nonperforming Loans / Loans0.51%0.53%0.54%0.59%0.74%0.62%0.44%0.48%-11 bps
Net Charge-Offs / Loans0.36%0.18%0.12%0.09%0.10%0.00%-0.03%-0.02%-11 bps
Allowance / Loans0.79%0.89%0.77%0.77%0.77%0.72%0.71%0.74%-4 bps
Allowance Coverage of NPLs1.5x1.7x1.4x1.3x1.0x1.2x1.6x1.5x+0.2x
Capital
Tier 1 Leverage Ratio8.92%8.91%9.02%9.18%9.22%9.33%9.40%9.53%+34 bps
Total Risk-Based Capital8.92%8.91%9.02%9.18%9.22%9.33%9.40%9.53%+34 bps
Equity / Assets6.68%6.58%6.17%6.85%6.82%6.88%7.57%7.23%+37 bps
Liquidity & Funding
Loans / Deposits88.26%93.65%92.67%95.74%93.98%94.08%91.08%91.69%-405 bps
Liquid Assets / Assets2.43%0.98%2.08%3.09%3.38%3.49%1.59%0.91%-218 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Gorham Savings Bank

Gorham, ME · Cert 17748 · Peer group: banks $1B-$10B in assets operating in a single state (n=280-281)

FDIC · 13 branches

Q4 2024

$1.6BAssets
$1.3BLoans
$1.4BDeposits
$116.2MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 53% of banks $1B-$10B in assets operating in a single state (rank 132 of 281).
  • Widest gap: total risk-based capital ratio trails 97% of banks $1B-$10B in assets operating in a single state (rank 273 of 281).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.34%

Rank 243 of 281

Net Interest Margin

2.30%

Rank 233 of 281

Efficiency Ratio

90.74%

Rank 262 of 281

Equity / Assets

7.23%

Rank 262 of 281

Non-interest income vs. expense

$9.2M$42.7MINCOMEEXPENSE
Unfavorable gap of $33.5M · efficiency ratio beats 7% of banks $1B-$10B in assets operating in a single state
Bank 90.74%Peer median 66.6%Q2 2024Q4 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.34%0.56%0.90%1.25%Beats 14%243 / 281
Return on Equity4.65%6.02%9.54%12.57%Beats 16%235 / 280
Net Interest Margin2.30%2.56%2.92%3.42%Beats 17%233 / 281
Efficiency Ratio90.74%57.29%66.60%75.94%Beats 7%262 / 281
Asset Quality
Nonperforming Loans / Loans0.48%0.14%0.36%0.76%Beats 41%167 / 281
Net Charge-Offs / Loans0.05%0.01%0.05%0.16%Beats 53%132 / 281
Capital
Tier 1 Capital Ratio9.53%11.44%13.17%15.12%Beats 3%272 / 281
Total Risk-Based Capital Ratio9.53%12.18%14.01%16.01%Beats 3%273 / 281
Equity / Assets7.23%8.36%9.62%11.13%Beats 7%262 / 281
Liquidity & Funding
Loans / Deposits91.69%73.71%85.86%95.66%63rd pctl103 / 281
Loans / Assets79.48%63.83%71.78%79.09%77th pctl65 / 281
Brokered Deposits / Depositsn/aNot reported for this institution