Andover Bank

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.andover.bank

440-293-7605

19 Public Square
Andover, OH 44003

Andover Bank is headquartered in ANDOVER and is the 51^st largest bank in the state of Ohio. It is also the 1,639^th largest bank in the nation. It was established in 1884 and as of December of 2024, it had grown to 93 employees at 10 locations. Andover Bank has a B+ health rating.

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Health

B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10663
Year Established	1884
Employees	93
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.63%
Return on Equity - YTD	13.23%
Annual Interest Income	$20.4MM

Assets and Liabilities
Assets	Q4 2024vs Q4 2023	$565.6MM$558.8MM
Loans	Q4 2024vs Q4 2023	$263.4MM$266.5MM
Deposits	Q4 2024vs Q4 2023	$535.9MM$528.3MM
Equity Capital	Q4 2024vs Q4 2023	$25.6MM$27.1MM
Loan Loss Allowance	Q4 2024vs Q4 2023	$1.6MM$1.7MM
Unbacked Noncurrent Loans	Q4 2024vs Q4 2023	$620K$166K
Real Estate Owned	Q4 2024vs Q4 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for Andover Bank are currently being reviewed.

Locations

Cities: Albion, Andover, Ashtabula, Austinburg, Conneaut, Edinboro, Erie, Geneva, Jefferson, Madison

Albion Branches
Old Community National Bank Of North	53 East State Street	Albion, PA 16401

Andover Branches
The Andover Bank	19 Public Sq	Andover, OH 44003

Ashtabula Branches
Ashtabula Harbor Banking Center	1630 West 19th Street	Ashtabula, OH 44004

Austinburg Branches
Austinburg Branch	State Route 45 and College Street	Austinburg, OH 44010

Conneaut Branches
Conneaut Banking Center	339 State St	Conneaut, OH 44030

Edinboro Branches
Edinboro Branch	212 Plum Street	Edinboro, PA 16412

Erie Branches
Millcreek Branch	2420 Zimmerly Road	Erie, PA 16506

Geneva Branches
Geneva Branch	665 South Broadway	Geneva, OH 44041

Jefferson Branches
Jefferson Banking Center Branch	150 North Chestnut Street	Jefferson, OH 44047

Madison Branches
Madison Banking Center Branch	6611 N Ridge Rd	Madison, OH 44057

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