Andover Bank

Overview / Commentary
19 Public Square
Andover, OH 44003

Andover Bank is headquartered in Andover and is the 52nd largest bank in the state of Ohio. It is also the 1,674th largest bank in the nation. It was established in 1884 and as of December of 2019, it had grown to 87 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 - YTD0.91%
Return on Equity - YTD9.12%
Annual Interest Income$13.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$427.2MM$396.4MM
LoansQ4 2019vs Q4 2018$220.2MM$203.2MM
DepositsQ4 2019vs Q4 2018$366.0MM$327.7MM
Equity CapitalQ4 2019vs Q4 2018$42.6MM$38.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.3MM$1.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$943.00K$825.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$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 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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