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

Andover Bank is headquartered in Andover and is the 53rd largest bank in the state of Ohio. It is also the 1,684th largest bank in the nation. It was established in 1884 and as of September of 2017, it had grown to 86 employees at 10 locations. Andover Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #10663
Year Established1884
Employees86
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD9.23%
Annual Interest Income$10.2MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$413.4MM$401.2MM
LoansQ3 2017vs Q3 2016$194.9MM$192.5MM
DepositsQ3 2017vs Q3 2016$337.9MM$329.9MM
Equity CapitalQ3 2017vs Q3 2016$41.5MM$42.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$1.3MM$1.4MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.1MM$1.4MM
Real Estate OwnedQ3 2017vs Q3 2016$185.00K$218.00K
Rates
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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

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

Andover Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Preferred Money Market Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

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

Andover Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
1.50%$10k$250k90 Day December 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

Andover Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
1.50%$10k$250k90 Day December 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


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