HCBC

  JUVF

Andover Bancorp, Inc (ANDC)

2025-07-28

Located in northeast Ohio and northwest Pennsylvania, The Andover Bank has eleven banking locations and one loan production office. Market cap is $38M, total assets $566M.

The stock is listed on the OTCID. There are 2M outstanding shares, but only 384K at DTC. Trading volume is light, with many days of no trades. This is a boring security from a trading perspective, and yields around 4%. However not so boring is the fact that AOCI is -$32M while equity is $18M. Unrealized losses are almost 200% of equity; stock trades at 2x book. Earnings are healthy at least.

There are eight independent directors. Apparently even that many was not enough to keep an eye on investments.

Disclosure: Pickwick has a long position in this security.

Browse the list of community bank stocks covered by this site, or search by either company name or stock ticker symbol below.