The Andover Bank
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Data as of · sourced from FFIEC call reports. How we update
The Andover Bank is an FDIC-insured commercial bank headquartered in Andover, OH, established in 1884 (FDIC certificate 10663), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $595.1M, up 3.5% from Q2 2025, the 48th largest of 154 banks headquartered in Ohio. Its CET1 capital ratio was 21.74% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 10663
- Headquarters
- Andover, OH
- Established
- 1884
- Total assets, Q2 2026
- $595.1M
- Assets vs Q2 2025
- +3.5%
- CET1 ratio, Q2 2026
- 21.74%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 041208719
- Holding company
- ANDOVER BANCORP, INC.
- Asset rank in state
- 48th of 154 in Ohio
The Andover Bank, based in Andover, Ohio, reported $595 million in assets at June 30, 2026, up 3.5% from a year earlier. It pays an average of 0.99% on its deposits and borrowings, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). On the other hand, it keeps 3.15 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
Paper losses on its bond portfolio are shrinking: unrealized losses of $30 million equal 50% of Tier 1 capital, down from 67% a year earlier. Where it has less room is capital: it funds 9.63% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, The Andover Bank reported a CET1 capital ratio of 21.74%, a return on assets of 0.90%, a nonperforming-loan ratio of 0.26% and a Texas ratio of 1.96%. The figures come from its call report filed with the FFIEC.
The Andover Bank ranks as the 48th largest of the 154 banks based in Ohio, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.2% to $595.1M, loans rose 1.2% and deposits fell 1.7%. 1-4 family residential loans made up 62.8% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 11.0%. The FDIC Summary of Deposits lists 10 offices for it, in 10 cities across 2 states; its Andover office books 20% of its branch deposits. Judged on its Q2 2026 call report, The Andover Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 19 Public Sq, Andover, OH 44003
- County
- Ashtabula
- Metro Area
- Cleveland, OH
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- November 1, 1884
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 92
- Domestic deposits
- $553.1M
- Allowance for credit losses
- $1.6M
- Net charge-offs (YTD)
- $26K
- Average total assets
- $620.3M
- Average total loans
- $279.5M
- Average interest-bearing deposits
- $404.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10663
- Fed RSSD
- 27614
- SEC CIK
- 1895805 → filed by ANDOVER BANCORP, INC.
- Website
- www.andover.bank →
- Parent Holding Company
- ANDOVER BANCORP, INC. (RSSD 1071913)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
The Andover Bank's total assets moved between a low of $550.6M (Q3 2023) and a high of $602.1M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$595.1M total assets against $574.9M; $556.5M total liabilities against $545.8M.
$280.0M net loans and leases against $268.7M; $553.1M total deposits against $542.1M.
$260.5M securities against $254.3M; $25.2M cash and balances due against $21.0M.
$5.8M total interest income against $5.6M; $1.4M total interest expense against $1.4M.
$4.5M net interest income against $4.1M.
$941K total noninterest income against $984K; $3.9M total noninterest expense against $3.7M.
$0 provision for credit losses against $0.
$1.4M net income against $1.4M.
0.90% return on assets against 0.92%; 3.15% net interest margin against 3.00%.
21.74% CET1 capital ratio against 21.69%; 9.63% tier 1 leverage ratio against 9.27%.
Inside the full The Andover Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Andover Bank rankings
Its closest position to the top of a national ranking is 262 of 2,134, for CET1 ratio; its furthest is 2,720 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.58% (Q4 2024) to 0.92% (Q2 2025) and its net interest margin ran from 2.76% (Q1 2025) to 3.15% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 21.74% | 0.90% | 0.26% | 1.96% | 3.15% |
| Q1 2026 | 21.52% | 0.63% | 0.18% | 1.42% | 3.02% |
| Q4 2025 | 21.67% | 0.73% | 0.15% | 1.10% | 3.15% |
| Q3 2025 | 21.77% | 0.87% | 0.18% | 1.52% | 3.08% |
| Q2 2025 | 21.69% | 0.92% | 0.19% | 1.88% | 3.00% |
| Q1 2025 | 21.87% | 0.61% | 0.24% | 2.44% | 2.76% |
| Q4 2024 | 21.72% | 0.58% | 0.23% | 2.52% | 2.87% |
| Q3 2024 | 23.28% | 0.69% | 0.22% | 1.93% | 2.78% |
Swipe the table sideways to see every column.
Branch Network
View all 10 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Andover Bank | Andover , OH | 44003 | $113.4M |
| Jefferson Branch | Jefferson , OH | 44047 | $84.9M |
| Austinburg Branch | Austinburg , OH | 44010 | $76.7M |
| Geneva Branch | Geneva , OH | 44041 | $62.4M |
| Ashtabula Branch | Ashtabula , OH | 44004 | $52.5M |
| Madison Branch | Madison , OH | 44057 | $52.5M |
| Edinboro Branch | Edinboro , PA | 16412 | $37.3M |
| Conneaut Branch | Conneaut , OH | 44030 | $36.9M |
| Albion Branch | Albion , PA | 16401 | $28.7M |
| Millcreek Branch | Erie , PA | 16506 | $7.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 1, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2015 | Structure Change | Acquired Community National Bank of Norwestern Pennsylvania Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in OH, rank 63 of 184 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 343 applications, 243 loans originated, $36.7M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $1.8M approved, $1.8M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The Andover Bank
What are The Andover Bank's total assets?
As of the Q2 2026 filing, The Andover Bank reported total assets of $595.1 million in its FFIEC call report.
Where is The Andover Bank headquartered?
It is headquartered in Andover, OH, United States.
When was The Andover Bank founded?
It was established in 1884, per the FDIC institution directory.
Is The Andover Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10663). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Andover Bank?
The Andover Bank's primary federal regulator is the Federal Reserve.
What is The Andover Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 21.74% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Andover Bank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Andover Bank's Texas Ratio?
Its Texas Ratio is 1.96% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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