Vitals
  • Total Assets
    399.5M -0.2 %
  • Total Deposits
    322.8M -2.6 %
  • Total Net Loans
    193.7M 2.3 %
  • Net Income
    3.8M 7.2 %
  • Book Value
    39.7M 0.8 %
  • Book Value x2
    79.3M 0.8 %
  • Book Value x3
    119.0M 0.8 %
ROAA

.942

ROAE

9.187

Efficiency Ratio

67.521

Net Interest Margin

3.749

Balance Sheet Highlights
Financial Highlights The Andover Bank All Insured Commercial Banks in Ohio
Balance Sheet $(000)
Total Assets 399,525 361,398
Total Net Loans 193,740 246,196
Total Deposits 322,764 299,385
Total Equity 39,666 40,120
Profitability
Net Income 3,780 3,580
Return on Average Assets .942 .879
Return on Average Equity 9.187 7.888
Net Interest Margin 3.749 3.69
Efficiency Ratio 67.521 68.453
Noninterest Income/Revenue 17.716 19.831
Balance Sheet Ratios
Loan-to-Deposit 60.025 76.786
Securities/Assets .434 .197
Total Equity/Total Assets .099 .111
Tangible Equity/Tangible Assets .091 .102
Capital Adequacy
Tier 1 Common Capital 37,723 37,120
Tier 1 Capital 37,723 37,403
Tier 2 Capital 1,393 2,742
Total Capital 39,116 40,139
Total Risk Weighted Assets 185,836 260,858
Leverage Ratio 9.49 10.639
Common Equity Tier 1 Capital Ratio 20.3 16.715
Tier 1 Capital Ratio 20.3 16.742
Total Capital Ratio 21.05 17.824

Timeline for The Andover Bank

Community National Bank Of Norwestern Pennsylvania

Acquisition: The Andover Bank acquired a new subsidiary, Community National Bank Of Norwestern Pennsylvania, 8 years

View Profile Oct 01 2015

Andover Bank Insurance Agency Inc.

Andover Bank Insurance Agency Inc. became a new subsidiary organization for The Andover Bank.

View Profile Aug 31 2004

Andover Bancorp, Inc.

Andover Bancorp, Inc. became a new parent organization for The Andover Bank.

View Profile Aug 31 1984

The Andover Bank

The Andover Bank was established 139 years ago and is currently headquartered in Andover, OH.

Nov 01 1884
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Community National Bank Of Norwestern Pennsylvania Seller 73,733 Acquisition Discontinued 10/1/2015
Relationships Role Relationship Start Relationship End
Andover Bancorp, Inc. Parent 8/31/1984
Andover Bank Insurance Agency Inc. Subsidary 6/30/2007
Andover Bank Insurance Agency Inc. Subsidary 8/31/2004 6/29/2007
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