ANDOVER BANK
ANDOVER, OHIO · FDIC Cert #10663
Capital & Safety Analysis
According to FDIC financial data, ANDOVER BANK holds a Tier 1 capital ratio of 22.47%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning ANDOVER BANK has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
ANDOVER BANK shows strong financial health indicators. With $558M in assets and a Health Score of 93/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
Frequently Asked Questions
ANDOVER BANK has a Bank Health Score of A (93/100). It holds a Tier 1 capital ratio of 22.47%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
ANDOVER BANK holds $558M in total assets and $530M in total deposits. It is located in ANDOVER, OHIO (FDIC Certificate #10663).
ANDOVER BANK has a Tier 1 capital ratio of 22.47%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.24%, and the return on assets is 0.63%.
Yes. ANDOVER BANK is FDIC-insured (Certificate #10663). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.