The Andover Bank

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LOCATIONS

35 Month CD Special -New Money

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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 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	Passbook Savings 1.20% - Synchrony Bank High Yield 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
1.75%^†	$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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

The Andover Bank Locations
Jefferson Banking Center Branch	150 North Chestnut Street	Jefferson, OH 44047
Ashtabula Harbor Banking Center	1630 West 19th Street	Ashtabula, OH 44004
The Andover Bank	19 Public Square	Andover, OH 44003
Conneaut Banking Center	339 State St	Conneaut, OH 44030
Madison Banking Center Branch	6611 N Ridge Rd	Madison, OH 44057
Geneva Branch	665 South Broadway	Geneva, OH 44041
Austinburg Branch	State Route 45 and College Street	Austinburg, OH 44010
Old Community National Bank Of North	53 East State Street	Albion, PA 16401
Edinboro Branch	212 Plum Street	Edinboro, PA 16412
Millcreek Branch	2420 Zimmerly Road	Erie, PA 16506