The Andover Bank
Andover, Ohio, Ashtabula County
$595M in total assets, the 1,597th largest of 4,309 US banks and 48th of 160 headquartered in Ohio.
- FDIC certificate
- 10663
- Established
- 1884
- Owned by
- Andover Bcorp Inc
- Primary regulator
- FED
- Website
- www.andover.bank
At a glance
Compared with 95 banks headquartered in Ohio with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $595M | 88% | $268M | |
| Loans | $282M | 73% | $192M | |
| Deposits | $553M | 90% | $231M | |
| Return on assets | 0.81% | 44% | 0.91% | |
| Net interest margin | 3.11% | 21% | 3.74% | |
| Efficiency ratio | 76.8% | 65% | 71.5% | |
| Equity to assets | 6.49% | 2% | 10.45% | |
| Loans to deposits | 51% | 3% | 82% |
Growth
Total assets grew 1.0% a year over the last 5 years and 4.1% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2015 | Community National Bank of Norwestern Pennsylvania Albion, PA | $74M |
Where they operate
10 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Ashtabula County, OH | $427M | 28.0% | 2 of 8 |
| Erie County, PA | $74M | 1.0% | 9 of 11 |
| Lake County, OH | $52M | 0.8% | 14 of 16 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 3 branches since 2016 (13 to 10, −23.1%). 0 opened, 0 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 13 | |||
| 2016 | Closed 3 in 2 states | 0 | 3 | −3 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 63% | 50% | |
| Commercial real estate | 16% | 22% | |
| Multifamily | 6% | 4% | |
| Business (C&I) | 2% | 9% | |
| Construction and land | 1% | 5% | |
| Consumer | 1% | 4% | |
| Farmland | 0% | 5% | |
| Other | 11% | 0% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 47% | 46% | |
| Noninterest-bearing | 27% | 18% | |
| Time deposits | 26% | 36% |
Brokered deposits are 0.0% of deposits (peers 3.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.26% | 0.38% |
| Net charge-offs, annualized | 0.02% | 0.00% |
| Reserves to loans | 0.55% | 1.01% |
| Leverage ratio | 9.63% | 10.82% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Ohio
Largest competitors in Ashtabula County, OH
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/andover-bank-andover-oh