Major Rating Factors:
A current level of 0.9 percent of nonperforming loans to core capital combined with 1.8 percent from a year earlier contributes to the Excellent asset quality (9.2). Excellent current capitalization (7.7 on a scale of 0 to 10) based on a risk-based capital ratio of 22.3 and a capital leverage ratio of 9.5.
Other Rating Factors:
Fair liquidity 3.9, driven by a liquidity ratio of 28.2 percent and a “hot money” ratio of 12.7 percent. Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.8 has resulted in Fair (3.6) profitability.
Asset Mix:
Securities (43%), home mtgs (26%), comm re (7%), cash (5%), home eq lns (4%), comm loans (1%), consumer loans (1%), other (13%)
States with Branches:
OH, PA
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Andover Bancorp, Inc.
Investment Rating
Address
600 East Main Street
Andover, OH 44003
Andover, OH 44003
Phone Number
(440) 293-7256
Year Founded
1884
FDIC Number
Website
Largest Affiliates
No affiliate information available.