The Andover Bank
Andover, OH · Owner: Andover Bcorp Inc
$595M
total assets, June 30, 2026
$595M
total assets, June 30, 2026
The Andover Bank is a state member bank based in Andover, OH, owned by Andover Bcorp Inc. As of June 30, 2026 it held $595.1 million in assets and $553.1 million in deposits; assets were up 3.5% from a year before. It has 10 branches in 2 states.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$595M
+3.5% in a year · -1.2% in a quarter
Deposits
$553M
+2.0% in a year · -1.7% in a quarter
Loans
$282M
+4.2% in a year · +1.2% in a quarter
Profit so far
$2.3M
Jan 1 to Jun 30, 2026 · +1.6% in a year
Capital ratio
9.63%
+0.37 pts in a year
Return on assets
0.79%
-0.02 pts in a year
Facts
- Type
- State member bank
- Head office
- 19 Public Sq, Andover, OH, 44003
- County
- Ashtabula
- Holding company
- Andover Bcorp Inc
- Established
- Nov 1, 1884
- Employees
- 92
- Branches
- 10 in 2 states
- Website
- www.andover.bank
- Id
- b10663
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
10 offices as of June 30, 2026, holding $553.1 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Ohio | 7 | $479M | 86.6% |
| Pennsylvania | 3 | $73.9M | 13.4% |
| Largest branches | Place | Deposits |
|---|---|---|
| The Andover Bank (main office) | Andover, OH | $113M |
| Jefferson Branch | Jefferson, OH | $84.9M |
| Austinburg Branch | Austinburg, OH | $76.7M |
| Geneva Branch | Geneva, OH | $62.4M |
| Ashtabula Branch | Ashtabula, OH | $52.5M |
| Madison Branch | Madison, OH | $52.5M |
| Edinboro Branch | Edinboro, PA | $37.3M |
| Conneaut Branch | Conneaut, OH | $36.9M |
| Albion Branch | Albion, PA | $28.7M |
| Millcreek Branch | Erie, PA | $7.8M |
Related pages
Questions and answers
How big is The Andover Bank?
$595.1 million in total assets and $553.1 million in deposits as of June 30, 2026, with assets up 3.5% from a year before. Its loans were $281.6 million.
How many branches does The Andover Bank have?
10 branches in 2 states as of June 30, 2026. The most deposits are in Ohio ($479.3 million).
Is The Andover Bank profitable?
Yes: it earned $2.34 million from January 1 to June 30, 2026 (up 1.6% from the same months a year before). Its return on assets was 0.79% a year; about 1% is typical.
Who owns The Andover Bank?
The Andover Bank is owned by Andover Bcorp Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.