Overview / Commentary
19 Public Square
Andover, OH 44003

Andover Bank is headquartered in Andover and is the 51st largest bank in the state of Ohio. It is also the 1,773rd largest bank in the nation. It was established in 1884 and as of December of 2018, it had grown to 89 employees at 10 locations. Andover Bank's money market rates are 4X the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #10663
Year Established1884
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD10.13%
Annual Interest Income$13.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$396.4MM$410.6MM
LoansQ4 2018vs Q4 2017$203.2MM$197.8MM
DepositsQ4 2018vs Q4 2017$327.7MM$331.7MM
Equity CapitalQ4 2018vs Q4 2017$38.2MM$39.9MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.3MM$1.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$825.00K$663.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$132.00K
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Always verify rates and promotions with the bank or credit union. We are not Andover Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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.

Andover Bank Savings Account Rates

1.05%*$2.5k*$10kCompanion Savings - Qualifying
OTHER TIERS: 0.05% Any amount
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
0.05%--Christmas Club
0.05%--Statement Savings

Andover Bank Money Market Rates

1.85%*$10k*-Smart Saver - First 90 Days
OTHER TIERS: 0.05% Up to $10k
1.50%*$100k*-Smart Saver
OTHER TIERS: 0.05% Up to $10k | 1.00% $10k - $50k | 1.25% $50k - $100k
0.25%*$100k*-Preferred Money Market Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

Andover Bank Checking Account Rates

2.00%*-$10kAffinity Checking
OTHER TIERS: 0.05% $10k+
0.05%--Rewards Checking
0.03%$10k-Commercial Interest Checking
0.03%--Interest Checking

Andover Bank CD Rates

2.50%*$10k*$250k17 Month CD Special New Money
OTHER TIERS: 2.30% $1k - $10k
2.40%*$1k*$10k9 Month CD Special - New Money
OTHER TIERS: 2.20% $10k - $250k
2.25%$1k-25 Month CD
1.85%$1k-15 Month CD
1.55%*$10k*$250k35 Month CD
OTHER TIERS: 1.20% $1k - $10k
1.50%*$10k*$250k23 Month CD
OTHER TIERS: 1.16% $1k - $10k
1.25%*$10k*-11 Month CD
OTHER TIERS: 0.90% $1k - $10k
1.00%$1k-54 Month CD
1.00%$1k-60 Month CD
1.00%$1k-56 Month CD
1.00%$1k-59 Month CD
0.60%$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
0.10%$1k-30 Day CD
0.10%$1k-91 Day CD

Andover Bank IRA Rates

2.50%*$10k*$250k17 Month IRA Special - New Money
OTHER TIERS: 2.30% $1k - $10k
2.40%*$10k*$250k9 Month IRA Special - New Money
OTHER TIERS: 2.20% $1k - $10k
2.25%$1k-25 Month IRA
1.85%$1k-15 Month IRA
1.55%*$10k*$250k35 Month IRA
OTHER TIERS: 1.20% $1k - $10k
1.50%*$10k*$250k23 Month IRA
OTHER TIERS: 1.16% $1k - $10k
1.25%*$10k*$250k11 Month IRA
OTHER TIERS: 0.90% $1k - $10k
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

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

Albion Branches
Old Community National Bank Of North53 East State StreetAlbion, PA 16401

Andover Branches
The Andover Bank19 Public SquareAndover, OH 44003

Ashtabula Branches
Ashtabula Harbor Banking Center1630 West 19th StreetAshtabula, OH 44004

Austinburg Branches
Austinburg BranchState Route 45 and College StreetAustinburg, OH 44010

Conneaut Branches
Conneaut Banking Center339 State StConneaut, OH 44030

Edinboro Branches
Edinboro Branch212 Plum StreetEdinboro, PA 16412

Erie Branches
Millcreek Branch2420 Zimmerly RoadErie, PA 16506

Geneva Branches
Geneva Branch665 South BroadwayGeneva, OH 44041

Jefferson Branches
Jefferson Banking Center Branch150 North Chestnut StreetJefferson, OH 44047

Madison Branches
Madison Banking Center Branch6611 N Ridge RdMadison, OH 44057

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