Andover State Bank

511 North Andover Road
Andover, KS 67002

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16410
Date Established 1916
Assets $0.08 billion
Loans $0.06 billion
Deposits $0.07 billion
Capital $0.01 billion

Andover State Bank is an FDIC insured institution located in Andover, KS. It was founded in 1916 and has approximately $0.08 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Andover State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Andover State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Kansas, Andover State Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 40.87
Multifamily
Mortgages
2.35
Credit Card Loans 0.00
Consumer Auto Loans 1.40
Small Business Loans 23.84
Construction and Development Loans 7.35
Commercial Real Estate 32.79
Commercial and Industrial Loans 15.17
Farm Loans 0.05

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.25% $2,500 - Learn MoreShow Less
6 Mo CD 10K
0.35% $2,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.10% $100 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.50% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.10% $2,500 $9,999 Learn MoreShow Less
MM 10K
0.20% $10,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Andover State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
US Wide Financial
NMLS ID: 55028
License#: MC-5809
3.771% 3.750% 0.00 $642 $1,158 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Andover State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Andover State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Andover State Bank Locations

Financial Details

Andover State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Andover State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Andover State Bank U.S. Bank Average
0.48% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Andover State Bank had $37,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,968,000 in equity and $661,000 in loans loss reserves. That gives it a Texas Ratio of 0.48%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Andover State Bank U.S. Bank Average
4.21% 8.58

Andover State Bank has a Return on Equity of 4.21% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Andover State Bank U.S. Bank Average
8.57% 12.11

Andover State Bank has a Capitalization of 8.57% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Andover State Bank Balance Sheet Analysis

As of June 30, 2017, Andover State Bank had assets of $81,326,000, loans of $63,571,000, and deposits of $70,607,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Andover State Bank

Branches and Savings

Is Andover State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16410.

Why does Andover State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Andover State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Andover State Bank a commercial bank?

Yes

Where are Andover State Bank locations?

See branch locations nearby.

Is Andover State Bank open on Saturdays?

Is Andover State Bank open on Sundays?

What time does Andover State Bank open?

What time does Andover State Bank close?

Are Andover State Bank ATMs Open 24/7?

Do Andover State Bank ATMs accept cash deposits?

Can Andover State Bank customers use other ATMs?

Do Andover State Bank branches have notaries?

Will Andover State Bank notarize my document?

What address for Andover State Bank should I put for incoming ACH transfers?

Will the Andover State Bank branch print checks?

Do Andover State Bank checks expire?

Does Andover State Bank require US citizenship to open account?

Can Andover State Bank close my account?

Does Andover State Bank Report to credit bureaus?

Does Andover State Bank Use Equifax?

What is Andover State Bank's ACH Routing Number?

What is Andover State Bank's SWIFT code?

Products

Does Andover State Bank offer mortgages?

Compare mortgage rates here.

Does Andover State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Andover State Bank offer personal loans?

Compare personal loan rates here.

Does Andover State Bank offer student loans?

Will Andover State Bank cash a check?

Will Andover State Bank redeem a savings bond?

Does Andover State Bank cash savings bonds?

Will Andover State Bank cash money orders?

Can Andover State Bank issue a money order?

Does Andover State Bank do currency exchange?

Background on The Bank

Who owns Andover State Bank?

How long has Andover State Bank been around?

Can Andover State Bank transfer to other banks?

Does Andover State Bank have quick pay?

Does Andover State Bank accept rolled coins?

Will Andover State Bank accept loose change?

Where is Andover State Bank headquarters?

Customer Reviews for Andover State Bank

There are currently no comments for Andover State Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →