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Overview / Commentary
440-293-7605
19 Public Square
Andover, OH 44003

The Andover Bank is headquartered in Andover and is the 53rd largest bank in the state of Ohio. It is also the 1,723rd largest bank in the nation. It was established in 1884 and as of December of 2016, it had grown to 94 employees at 13 locations. The Andover Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #10663
Year Established1884
Employees94
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD9.19%
Annual Interest Income$13.6MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$399.5MM$400.1MM
LoansQ4 2016vs Q4 2015$193.7MM$189.4MM
DepositsQ4 2016vs Q4 2015$322.8MM$331.5MM
Equity CapitalQ4 2016vs Q4 2015$39.7MM$39.3MM
Loan Loss AllowanceQ4 2016vs Q4 2015$1.4MM$1.4MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$1.2MM$1.7MM
Real Estate OwnedQ4 2016vs Q4 2015$234.00K$110.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not The 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.

The Andover Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW 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

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

The Andover Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.70%$1k-5 Year Rate Riser CD Promotion
1.40%$1k-35 Month CD Special
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-56 Month Fixed Rate IRA
1.00%$1k-59 Month Fixed Rate IRA
1.00%$1k-60 Month Fixed Rate IRA
0.35%$1k-30 Month Fixed Rate IRA
Locations

The Andover Bank has 13 locations. Click to view all The Andover Bank locations.