The Andover Bank in Andover, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Andover Bank - Overview

  • General
  • FDIC Certificate #: 10663
    Status: Active
    Federal Reserve ID: 27614
    Bank Holding Company (Regulatory Top Holder): Andover Bancorp, Inc. (RSSDID: 1071913, Location: Andover, OH)
    Date Established: November 01, 1884
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 10317
    FDIC's unique #: 6839
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 19 Public Square, Andover, OH 44003
    County: Ashtabula
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Ashtabula, OH (#11780)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $327.0 mil
    Equity capital: $31.9 mil
    Deposits held in domestic offices: $277.0 mil
    Return on assets (ROA): 1.29% ($4.2 mil)
    Quarterly return on assets: 1.04% ($3.4 mil)
    Return on Equity (ROE): 13.79% ($4.4 mil)
    Quarterly return on equity: 10.69% ($3.4 mil)
    Net income: $4.1 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.59% ($5,199.2 mil)
    Quarterly Pretax return on assets: 1.21% ($3,956.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 91Total employees (full-time equivalent)
  • $326,995Total assets
  • $12,821Cash and due from depository institutions
  • $3,591Interest-bearing balances
  • $144,634Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $151,680Net loans & leases
  • $1,499Loan loss allowance
  • $0Trading account assets
  • $6,511Bank premises and fixed assets
  • $914Other real estate owned
  • $0Goodwill and other intangibles
  • $326,995Life insurance assets
  • $10,435All other assets
  • $295,134Total liabilities and capital
  • $277,023Total liabilities
  • $174,634Total deposits
  • $277,023Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,500Trading liabilities
  • $0Other borrowed funds
  • $3,611Subordinated debt
  • $31,861All other liabilities
  • $31,861Total equity capital
  • $31,861Total bank equity capital
  • $0Perpetual preferred stock
  • $795Common stock
  • $1,263Surplus
  • $29,803Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,600Income earned, not collected on loans
  • $0Earning assets
  • $1,334Long-term assets (5+ years)
  • $299,905Average Assets, year-to-date
  • $222,899Average Assets, quarterly
  • $315,182Volatile liabilities
  • $326,380Insider loans
  • $155,362FHLB advances
  • $324,790Loans and leases held for sale
  • $6,520Unused loan commitments
  • $6,520Tier 1 (core) risk-based capital
  • $28,360Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,220Restructured Loans and leases
  • $1,504Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,503Total interest income
  • $2,287Total interest expense
  • $11,216Net interest income
  • $470Provision for loan and lease losses
  • $3,361Total noninterest income
  • $0Fiduciary activities
  • $1,690Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,671Additional noninterest income
  • $9,497Total noninterest expense
  • $4,401Salaries and employee benefits
  • $1,362Premises and equipment expense
  • $3,734Additional noninterest expense
  • $4,610Pre-tax net operating income
  • $388Securities gains (losses)
  • $939Applicable income taxes
  • $4,059Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,059Net income attributable to bank
  • $0Net charge-offs
  • $4,059Cash dividends
  • $399Sale, conversion, retirement of capital stock, net
  • $1,587Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.86%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 13.79%Return on equity (ROE)
  • 8.40%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 117.79%Credit loss provision to net charge-offs
  • 12.73%Efficiency ratio
  • 65,151Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.10%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 57.65%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 1.70%Net loans and leases to deposits
  • 54.75%Net loans and leases to core deposits
  • 57.36%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 8.73%Tier 1 risk-based capital ratio
  • 18.25%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $315,182Average earning assets
  • $29,434Average equity
  • $290,879Average loans

List of branches

  • 8 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06839The Andover Bank19 Public Square, Andover, OH 44003November 01, 1884Full Service Brick and Mortar
    1222837Austinburg BranchState Route 45 And College Street, Austinburg, OH 44010November 16, 1970Full Service Brick and Mortar
    3222839Geneva Branch665 South Broadway, Geneva, OH 44041April 18, 1988Full Service Brick and Mortar
    4222840Jefferson Banking Center Branch150 North Chestnut Street, Jefferson, OH 44047November 09, 1992Full Service Brick and Mortar
    5222841Conneaut Banking Center339 State St, Conneaut, OH 44030January 05, 1998Full Service Brick and Mortar
    6365358Ashtabula Harbor Banking Center1630 West 19th Street, Ashtabula, OH 44004September 24, 2001Full Service Brick and Mortar
    7478871South Jefferson Branch100 South Chestnut Street, Jefferson, OH 44047April 28, 2008Full Service Brick and Mortar
    8515759Madison Banking Center Branch6611 N Ridge Rd, Madison, OH 44057December 13, 2010Full Service Brick and Mortar

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