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Overview / Commentary
19 Public Square
Andover, OH 44003

The Andover Bank is headquartered in Andover and is the 54th largest bank in the state of Ohio. It is also the 1,708th 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 Grade Components

FDIC Certificate #10663
Year Established1884
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD8.35%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$406.0MM$403.5MM
LoansQ1 2017vs Q1 2016$191.2MM$191.0MM
DepositsQ1 2017vs Q1 2016$336.2MM$333.8MM
Equity CapitalQ1 2017vs Q1 2016$40.3MM$41.5MM
Loan Loss AllowanceQ1 2017vs Q1 2016$1.4MM$1.4MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.4MM$1.7MM
Real Estate OwnedQ1 2017vs Q1 2016$234.00K$110.00K
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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

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

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

0.05%$100-Max 50 Plus
0.03%--Now Account Checking
0.03%$10k-Commercial Interest Checking

The Andover Bank CD Rates

1.75%$10k-35 Month CD Special -New Money
1.70%$1k-5 Year Rate Riser CD Promotion
1.50%$10k-23 Month CD Special -New Money
1.40%$1k-35 Month CD Special
1.25%$10k-11 Month CD Special -New Money
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

1.75%$10k-35 Month IRA Special -New Money
1.70%$1k-5 Year Rate Riser IRA Promotion
1.50%$10k-23 Month IRA Special -New Money
1.40%$1k-35 Month IRA Special
1.25%$10k-11 Month IRA Special -New Money
1.15%$1k-23 Month IRA Special
1.00%$1k-56 Month Fixed Rate IRA
1.00%$1k-59 Month Fixed Rate IRA
1.00%$1k-60 Month Fixed Rate IRA
0.90%$1k-11 Month IRA Special
0.35%$1k-30 Month Fixed Rate IRA

The Andover Bank Locations
Jefferson Banking Center Branch150 North Chestnut StreetJefferson, OH 44047
Ashtabula Harbor Banking Center1630 West 19th StreetAshtabula, OH 44004
The Andover Bank19 Public SquareAndover, OH 44003
Conneaut Banking Center339 State StConneaut, OH 44030
Madison Banking Center Branch6611 N Ridge RdMadison, OH 44057
Geneva Branch665 South BroadwayGeneva, OH 44041
Austinburg BranchState Route 45 and College StreetAustinburg, OH 44010
Old Community National Bank Of North53 East State StreetAlbion, PA 16401
Edinboro Branch212 Plum StreetEdinboro, PA 16412
Millcreek Branch2420 Zimmerly RoadErie, PA 16506