Applications / Mortgage Analytics / Lenders / Ohio / The Andover Bank
Andover, OH · State member bank · FRS · $587 million assets · 243 loans in 2025
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243
loans originated, 2025
343
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Andover Bank, an Ohio bank, makes small loans for every purpose, typically $105,000, and its lending rose by nearly half in 2025.
Refinancing made up 32.5% of its loans, purchases 26.7% and home improvement 26.3%. Its typical loan was $105,000, against $185,000 at similar lenders, meaning state member banks making between half and twice as many loans; that is among the smallest in the group. Manufactured homes were 6.2% of its loans, against 2.1% at peers. All its loans were conventional.
It made 243 loans in 2025, up 48% from 164, faster than nine in ten peers, which typically grew 7%. It had made 497 in 2021, so the rebound recovers only part of the ground lost since.
Some 29.2% of its loans were in low- and moderate-income neighborhoods, against 15.7% at peers, higher than at about nine in ten. That share was 16.1% in 2020. Its share to lower-income borrowers, 30.8%, was near the middle.
It lends in Ohio and Pennsylvania. It has lent in Cleveland and Youngstown-Warren since its first report in 1994 and ranked 75 of 577 lenders in Cleveland, where its share held at 0.2%. The Huntington National Bank led there.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Andover Bank took 343 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 32.5% · Purchase 26.7% · Home improvement 26.3% · Other 14.4%
Conventional 100.0% · of 243 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Ohio | 183 | 75.3% |
| Pennsylvania | 60 | 24.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cleveland | 164 |
| Erie | 39 |
| Youngstown-Warren | 10 |
| Pittsburgh | 9 |
| Akron | 8 |
| Canton-Massillon | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900I3LJYL57NZ5H21 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 27614 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 227614 | 1994–2017 |
Established 1 November 1884. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: The Andover Bank's data.
The Andover Bank's data
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The Andover Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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