Third Federal Savings and Loan Association of Cleveland
Third Federal Savings and Loan Association of Cleveland reported total assets of $18.1 bn at Q2 2026, up 4.0% from a year earlier. Its common equity tier 1 ratio was 15.73%, and an estimated 3.91% of domestic deposits were uninsured. Deposits totaled $10.2 bn and net loans and leases $16.2 bn. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Return on equity (ROE): up 0.75 pp on Q1 2026, to 6.13%
- Total assets: up 3.4% on Q1 2026, to $18.1 bn
- Bank equity capital: up 2.9% on Q1 2026, to $1.8 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Third Federal Savings and Loan Association of Cleveland?
Against its six size peers, its loan-to-deposit ratio stands out most: 159.03% at Q2 2026, above the peer median of 88.53%. Its uninsured share of domestic deposits of 3.91% at Q2 2026 is in the lowest 5% of the 500 banks reporting it (rank 486 of 500, 1 = highest).
How large is Third Federal Savings and Loan Association of Cleveland?
At Q2 2026 the bank held $18.1 bn of assets. Deposits were $10.2 bn and net loans and leases $16.2 bn, a loan-to-deposit ratio of 159.03%. Securities of $478.4 mn made up 2.6% of assets.
Total assets rose 45.3% between Q1 2016 and Q2 2026, from $12.4 bn.
How much of its funding is uninsured?
An estimated 3.91% of domestic deposits were above the FDIC insurance limit at Q2 2026, +0.11 pp from the previous quarter and +0.28 pp from a year earlier. That share ranks 486th among 500 banks reporting this metric (1 = highest).
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $18.1 bn | +4.0% | 112th of 497 |
| Total deposits | $10.2 bn | -2.9% | 141st of 499 |
| Net loans and leases | $16.2 bn | +3.6% | 88th of 500 |
| Bank equity capital | $1.8 bn | +4.0% | 120th of 498 |
| Common equity tier 1 (CET1) ratio | 15.73% | -0.78 pp | 92nd of 448 |
| Tier 1 leverage ratio | 9.99% | -0.12 pp | 299th of 500 |
| Return on equity (ROE) | 6.13% | +1.33 pp | 448th of 500 |
| Net interest margin | 1.85% | +0.10 pp | 483rd of 500 |
| Uninsured share of domestic deposits | 3.91% | +0.28 pp | 486th of 500 |
| Noncurrent loans to total loans | 0.25% | +0.01 pp | 82nd of 500 (1 = lowest) |
| Net charge-offs to average loans | -0.02% | +0.00 pp | 16th of 500 (1 = lowest) |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q2 2026.
- Total assets $18.1bn
- Deposits $10.2bn
- Net loans $16.2bn
Capital and securities
The common equity tier 1 (CET1) ratio was 15.73% at Q2 2026, -0.78 pp from a year earlier. Since Q1 2016 it has ranged from 15.73% (Q2 2026) to 21.36% (Q3 2016). At Q2 2026 the tier 1 leverage ratio was 9.99% and the total risk-based capital ratio 16.65%. The median CET1 ratio of the size peers listed below was 12.36% at Q2 2026.
Available-for-sale securities showed an unrealized loss of $23.2 mn at Q2 2026; the loss narrowed by $500,000 from a year earlier.
Capital ratios
- Total capital 17%
- CET1 16%
- Tier 1 leverage 10.0%
Unrealized gains and losses on securities
- Available for sale -$23mn
- Held to maturity $0
Profitability and loan quality
Return on equity was 6.13% for the year to Q2 2026, annualized, with a return on assets of 0.60% and a net interest margin of 1.85%. The margin was +0.10 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 60.53%. Net income for the year to Q2 2026 was $53.4 mn, up 29.7% on the same period a year earlier. The median return on equity of its size peers was 10.55% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.25% of total loans at Q2 2026. Net charge-offs for the year to date were -0.02% of average loans, annualized.
Profitability
- Return on equity 6.1%
- Net interest margin 1.9%
- Return on assets 0.6%
Compared with banks of similar size
The six banks ranked closest to Third Federal Savings and Loan Association of Cleveland by total assets at Q2 2026, three above and three below where possible.
Among the seven banks in the table at Q2 2026, Third Federal Savings and Loan Association of Cleveland is 4th by total assets. Its CET1 ratio of 15.73% compares with a peer median of 12.36%, its tier 1 leverage ratio of 9.99% compares with a peer median of 10.37%, and its return on equity of 6.13% compares with a peer median of 10.55%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Bank of Hope | $19.0 bn | 12.65% | 5.90% | 40.33% | |
| ServisFirst Bank | $18.3 bn | 12.00% | 17.46% | 66.41% | |
| Busey Bank | $18.1 bn | 14.65% | 9.75% | 43.03% | |
| Third Federal Savings and Loan Association of Cleveland | $18.1 bn | 15.73% | 6.13% | 3.91% | |
| Community Bank | $17.4 bn | 11.72% | 12.54% | 31.51% | |
| Enterprise Bank & Trust | $17.4 bn | 12.07% | 9.48% | 33.83% | |
| Northwest Bank | $17.2 bn | 12.79% | 11.35% | 27.43% | |
Q2 2026. Peer median (the six banks, excluding this one): CET1 12.36%, return on equity 10.55%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Third Federal Savings and Loan Association of Cleveland, as reported in its Call Reports.
From Q3 2024 to Q2 2026, total assets rose 5.8% to $18.1 bn, deposits fell 1.3% to $10.2 bn and bank equity capital rose 5.7% to $1.8 bn. Over the same period its full-time equivalent staff went from 916 to 992 and its offices went from 37 to 35.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $17.1 bn | $17.0 bn | $17.1 bn | $17.4 bn | $17.4 bn | $17.5 bn | $17.5 bn | $18.1 bn |
| Total deposits | $10.3 bn | $10.4 bn | $10.5 bn | $10.5 bn | $10.6 bn | $10.5 bn | $10.3 bn | $10.2 bn |
| Bank equity capital | $1.7 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.8 bn |
| Common equity tier 1 (CET1) ratio | 17.17% | 16.74% | 16.72% | 16.51% | 16.53% | 15.82% | 15.89% | 15.73% |
| Return on equity (ROE) | 4.32% | 4.51% | 4.75% | 4.80% | 5.16% | 5.16% | 5.38% | 6.13% |
| Uninsured share of domestic deposits | 3.38% | 3.64% | 3.52% | 3.63% | 3.66% | 3.81% | 3.80% | 3.91% |
| Full-time equivalent employees | 916 | 928 | 938 | 953 | 955 | 966 | 973 | 992 |
| Number of offices | 37 | 37 | 37 | 37 | 37 | 36 | 36 | 35 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
The FDIC history records no mergers or acquisitions for Third Federal Savings and Loan Association of Cleveland since Q1 2016, and its total assets never moved more than 25% in one quarter.
Identifiers and sources
- FDIC certificate
- 30012
- Federal Reserve RSSD ID
- 915878
- Head office
- Cleveland, Ohio
- Holding company
- THIRD FS&LA OF CLEVELAND MHC (as reported to the FDIC)
- Holding company RSSD ID
- 3828036
- EconoMonitor ID
- EMB-US-000156
Frequently asked questions
What were Third Federal Savings and Loan Association of Cleveland's total assets?
$18.1 bn at Q2 2026, according to its Call Report as published by the FDIC. By total assets it ranks 112th among 497 banks reporting this metric (1 = highest).
Is Third Federal Savings and Loan Association of Cleveland the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 30012). Its holding company, THIRD FS&LA OF CLEVELAND MHC (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after Third Federal Savings and Loan Association of Cleveland files its Call Report and the FDIC publishes it. This page shows Q2 2026, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 30012, and in the Call Reports filed under RSSD ID 915878 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.