Overview / Commentary
Andover Bank is headquartered in Andover and is the 51st largest bank in the state of Ohio. It is also the 1,773rd largest bank in the nation. It was established in 1884 and as of December of 2018, it had grown to 89 employees at 10 locations. Andover Bank has a B+ health rating.
Health
B+
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10663 |
| Year Established | 1884 |
| Employees | 89 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 10.13% |
| Annual Interest Income | $13.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $396.4MM$410.6MM |
| Loans | Q4 2018vs Q4 2017 | $203.2MM$197.8MM |
| Deposits | Q4 2018vs Q4 2017 | $327.7MM$331.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $38.2MM$39.9MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.3MM$1.4MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $825.00K$663.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$132.00K |
Rates
Rates for Andover Bank are currently being reviewed.
Locations
Cities: Albion, Andover, Ashtabula, Austinburg, Conneaut, Edinboro, Erie, Geneva, Jefferson, Madison
| Albion Branches | ||
|---|---|---|
| Old Community National Bank Of North | 53 East State Street | Albion, PA 16401 |
| Andover Branches | ||
|---|---|---|
| The Andover Bank | 19 Public Square | Andover, OH 44003 |
| Ashtabula Branches | ||
|---|---|---|
| Ashtabula Harbor Banking Center | 1630 West 19th Street | Ashtabula, OH 44004 |
| Austinburg Branches | ||
|---|---|---|
| Austinburg Branch | State Route 45 and College Street | Austinburg, OH 44010 |
| Conneaut Branches | ||
|---|---|---|
| Conneaut Banking Center | 339 State St | Conneaut, OH 44030 |
| Edinboro Branches | ||
|---|---|---|
| Edinboro Branch | 212 Plum Street | Edinboro, PA 16412 |
| Erie Branches | ||
|---|---|---|
| Millcreek Branch | 2420 Zimmerly Road | Erie, PA 16506 |
| Geneva Branches | ||
|---|---|---|
| Geneva Branch | 665 South Broadway | Geneva, OH 44041 |
| Jefferson Branches | ||
|---|---|---|
| Jefferson Banking Center Branch | 150 North Chestnut Street | Jefferson, OH 44047 |
| Madison Branches | ||
|---|---|---|
| Madison Banking Center Branch | 6611 N Ridge Rd | Madison, OH 44057 |