ANDC (Andover Bancorp) Total Assets : $558.02 Mil (As of Dec. 2023)

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What is Andover Bancorp Total Assets?

Andover Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $558.02 Mil.

Total Assets is connected with ROA %. Andover Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 was 0.64%. Total Assets is also linked to Revenue through Asset Turnover. Andover Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Andover Bancorp Total Assets Historical Data

The historical data trend for Andover Bancorp's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Andover Bancorp Total Assets Chart

Andover Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

426.73

526.75

574.72

571.20

558.02

Andover Bancorp Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial				574.72	-	571.20	559.30	558.02

Andover Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Andover Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	20.281	+	537.738
	=	558.02

Andover Bancorp's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	20.281	+	537.738
	=	558.02

Andover Bancorp (OTCPK:ANDC) Total Assets Explanation

Total Assets is connected with ROA %.

Andover Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	3.602	/	( (559.296	+	558.019)	/ 2 )
	=	3.602	/	558.6575
	=	0.64 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Andover Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	9.117	/	( (559.296	+	558.019)	/ 2 )
=	9.117	/	558.6575
=	0.02

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Andover Bancorp Total Assets Related Terms

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Andover Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Andover Bancorp Inc (OTCPK:ANDC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 East Main Street, PO Box 1300, Andover, OH, USA, 44003

Website

https://www.andover.bank

Andover Bancorp Inc is a United States-based holding company for Andover bank. The bank is a locally owned and independent community bank. It provides banking services to personal and business customers. The bank provides a full range of banking products including; consumer, mortgage, and commercial loans; checking, savings, and others. The majority of the company's revenue is generated from retail lending activities.