The Andover Bank

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LOCATIONS

5 Year Rate Riser CD Promotion

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.00%	5-year CD	59 Month CD 2.35% - Synchrony Bank 60 Month CD
0.20%	1-year CD	14 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.05%	Savings	Passbook Savings 1.15% - CIT Bank Spring Savings

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Overview / Commentary

www.andoverbankohio.com

440-293-7605

19 Public Square
Andover, OH 44003

The Andover Bank is headquartered in Andover and is the 54^th largest bank in the state of Ohio. It is also the 1,708^th largest bank in the nation. It was established in 1884 and as of March of 2017, it had grown to 90 employees at 13 locations. The Andover Bank has an A health rating.

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Health

A

Data as of Q1 2017

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Health Grade Components

Overall
FDIC Certificate #	10663
Year Established	1884
Employees	90
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.83%
Return on Equity - YTD	8.35%
Annual Interest Income	$3.4MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$406.0MM$403.5MM
Loans	Q1 2017vs Q1 2016	$191.2MM$191.0MM
Deposits	Q1 2017vs Q1 2016	$336.2MM$333.8MM
Equity Capital	Q1 2017vs Q1 2016	$40.3MM$41.5MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$1.4MM$1.4MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.4MM$1.7MM
Real Estate Owned	Q1 2017vs Q1 2016	$234.00K$110.00K

Rates

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Money Market
Checking
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

The Andover Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*^†	$10k^*	-	Variable Rate IRA Account
OTHER TIERS: 0.05% → Up to $1k \| 0.10% → $1k - $5k \| 0.15% → $5k - $10k
0.20%^*^†	$10k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $1k \| 0.10% → $1k - $5k \| 0.15% → $5k - $10k
0.10%^†	-	-	Variable Education IRA
0.05%^†	-	-	Passbook Savings
0.05%^†	-	-	Christmas Club

The Andover Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*^†	$100k^*	-	Money Market Account
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $100k

The Andover Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^†	$100	-	Max 50 Plus
0.03%^†	-	-	Now Account Checking
0.03%^†	$10k	-	Commercial Interest Checking

The Andover Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.70%	$1k	-	5 Year Rate Riser CD Promotion
1.40%	$1k	-	35 Month CD Special
1.15%	$1k	-	23 Month CD Special
1.00%^†	$1k	-	54 Month CD
1.00%^†	$1k	-	60 Month CD
1.00%^†	$1k	-	56 Month CD
1.00%^†	$1k	-	59 Month CD
0.90%	$1k	-	11 Month CD Special
0.60%^†	$1k	-	48 Month CD
0.40%^†	$1k	-	36 Month CD
0.35%^†	$1k	-	30 Month CD
0.30%^†	$1k	-	24 Month CD
0.25%^†	$1k	-	18 Month CD
0.20%^†	$1k	-	12 Month CD
0.20%^†	$1k	-	14 Month CD
0.15%^†	$1k	-	182 Day CD
0.15%^†	$1k	-	9 Month CD
0.10%^†	$1k	-	30 Day CD
0.10%^†	$1k	-	91 Day CD

The Andover Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^†	$1k	-	56 Month Fixed Rate IRA
1.00%^†	$1k	-	59 Month Fixed Rate IRA
1.00%^†	$1k	-	60 Month Fixed Rate IRA
0.35%^†	$1k	-	30 Month Fixed Rate IRA

Locations

The Andover Bank has 13 locations. Click to view all The Andover Bank locations.