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 1,551st largest bank in the nation. It was established in 1884 and as of September of 2021, it had grown to 89 employees at 10 locations. 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 - YTD1.04%
Return on Equity - YTD12.29%
Annual Interest Income$11.5MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$578.9MM$508.7MM
LoansQ3 2021vs Q3 2020$264.9MM$255.7MM
DepositsQ3 2021vs Q3 2020$517.8MM$437.8MM
Equity CapitalQ3 2021vs Q3 2020$45.8MM$47.1MM
Loan Loss AllowanceQ3 2021vs Q3 2020$1.4MM$1.3MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$782.00K$641.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$0
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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

0.50%*$2.5k*$10kCompanion Savings
OTHER TIERS: 0.02% Up to $2.5k | 0.03% $10k+
0.10%*$10k*-Variable Rate IRA Account
OTHER TIERS: 0.02% Up to $1k | 0.03% $1k - $5k | 0.05% $5k - $10k
0.08%*$10k*-Health Savings Account
OTHER TIERS: 0.01% Up to $1k | 0.02% $1k - $5k | 0.04% $5k - $10k
0.02%--Christmas Club
0.02%--Statement Savings
0.02%--Business Statement Savings

Andover Bank Money Market Rates

0.30%*$10k*-Smart Saver
OTHER TIERS: 0.02% Up to $10k
0.18%*$50k*$500kBusiness Preferred Money Market Account
OTHER TIERS: 0.02% Any amount | 0.08% $500k - $1m
0.14%*$100k*-Preferred Money Market Account
OTHER TIERS: 0.01% Up to $10k | 0.02% $10k - $25k | 0.04% $25k - $50k | 0.09% $50k - $100k
0.14%*$100k*-Smart Saver - First 90 Days
OTHER TIERS: 0.02% Up to $10k | 0.04% $10k - $50k | 0.09% $50k - $100k

Andover Bank Checking Account Rates

2.00%*-$10kAffinity Checking
OTHER TIERS: 0.05% $10k+
0.01%$10k-Commercial Interest Checking
0.01%--Rewards Checking
0.01%--Interest Checking

Andover Bank CD Rates

0.35%$1k$250k60 Month CD
0.30%$1k$250k54 Month CD
0.25%$1k$250k35 Month CD
0.20%$1k$250k48 Month CD
0.18%$1k$250k23 Month CD
0.14%$1k$250k36 Month CD
0.13%$1k$250k11 Month CD
0.12%$1k$250k14 Month CD
0.12%$1k$250k30 Month CD
0.10%$1k$250k24 Month CD
0.10%$1k$250k10 Month CD
0.09%$1k$250k18 Month CD
0.08%$1k$250k12 Month CD
0.05%$1k$250k30 Day CD
0.05%$1k$250k91 Day CD
0.05%$1k$250k182 Day CD

Andover Bank IRA Rates

0.35%$1k$250k60 Month Fixed Rate IRA
0.12%$1k$250k30 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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