Third Federal Savings and Loan Association of Cleveland
Cleveland, Ohio, Cuyahoga County
$18.1B in total assets, the 116th largest of 4,309 US banks and 7th of 160 headquartered in Ohio.
- FDIC certificate
- 30012
- Established
- 1938
- Owned by
- Third Fs&la Of Cleveland Mhc
- Primary regulator
- OCC
- Website
- www.thirdfederal.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $18.1B | 37% | $22.5B | |
| Loans | $16.3B | 55% | $14.4B | |
| Deposits | $10.2B | 15% | $18.4B | |
| Return on assets | 0.57% | 7% | 1.30% | |
| Net interest margin | 1.85% | 3% | 3.62% | |
| Efficiency ratio | 60.5% | 73% | 55.1% | |
| Equity to assets | 9.91% | 27% | 11.60% | |
| Loans to deposits | 160% | 98% | 87% |
Growth
Total assets grew 4.9% a year over the last 5 years and 3.7% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2005 | DeepGreen Bank Cleveland, OH | $44M |
| Jun 1976 | Lincoln Savings and Loan Company Cleveland, OH | n/a |
Where they operate
35 branches in 13 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cuyahoga County, OH | $5.6B | 5.0% | 5 of 27 |
| Palm Beach County, FL | $762M | 1.1% | 16 of 56 |
| Summit County, OH | $633M | 3.8% | 7 of 23 |
| Medina County, OH | $551M | 9.7% | 4 of 17 |
| Pinellas County, FL | $531M | 0.7% | 17 of 33 |
| Lake County, OH | $428M | 6.2% | 7 of 16 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 3 branches since 2016 (38 to 35, −7.9%). 0 opened, 0 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 38 | |||
| 2019 | Closed Pembroke Pines | 0 | 1 | −1 | 37 |
| 2025 | Closed Bonita Springs | 0 | 1 | −1 | 36 |
| 2026 through Q2 | Closed Hallandale | 0 | 1 | −1 | 35 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 100% | 20% | |
| Consumer | 0% | 10% | |
| Construction and land | 0% | 6% | |
| Multifamily | 0% | 8% | |
| Commercial real estate | 0% | 25% | |
| Business (C&I) | 0% | 17% | |
| Other | 0% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 72% | 17% | |
| Other interest-bearing | 26% | 62% | |
| Noninterest-bearing | 2% | 20% |
Brokered deposits are 9.0% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.25% | 0.63% |
| Net charge-offs, annualized | -0.02% | 0.14% |
| Reserves to loans | 0.45% | 1.15% |
| Leverage ratio | 9.99% | 10.26% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Ohio
Largest competitors in Cuyahoga County, OH
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/third