Andover Bank

Overview / Commentary
19 Public Square
Andover, OH 44003

Andover Bank is headquartered in ANDOVER and is the 50th largest bank in the state of Ohio. It is also the 1,607th largest bank in the nation. It was established in 1884 and as of June of 2023, it had grown to 93 employees at 10 locations. Andover Bank has a B health rating.


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Health Grade Components

FDIC Certificate #10663
Year Established1884
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD19.61%
Annual Interest Income$8.7MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$559.1MM$582.7MM
LoansQ2 2023vs Q2 2022$273.3MM$272.8MM
DepositsQ2 2023vs Q2 2022$529.5MM$545.1MM
Equity CapitalQ2 2023vs Q2 2022$21.7MM$24.8MM
Loan Loss AllowanceQ2 2023vs Q2 2022$1.9MM$1.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$325.00K$376.00K
Real Estate OwnedQ2 2023vs Q2 2022$40.00K$0

Rates for Andover Bank are currently being reviewed.


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 SqAndover, 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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