Third Federal Savings & Loan Association of Cleveland: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Third Federal Savings & Loan Association of Cleveland spends more to run itself than most banks of its size. Its balance sheet stood at $18.1 billion at June 30, 2026, up 4.0% from a year earlier; it is based in Cleveland, Ohio. It earns about $0.69 a year on every $100 of assets, about half the median of $1.32 for the 127 banks with $10 billion to $100 billion in assets. It also keeps 1.87 cents of net interest income on every dollar of earning assets, about half the median of 3.63 cents for banks its size.
Earnings jumped: net income for the quarter was $30 million, 45% above the same quarter a year earlier. Over the same year, loans grew 3.6% and deposits shrank 2.9%. Funding is the softer spot: it pays an average of 3.09% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 1.92%).
As of June 30, 2026, Third Federal Savings & Loan Association of Cleveland reported a CET1 capital ratio of 15.73%, a return on assets of 0.69%, a nonperforming-loan ratio of 0.27% and a Texas ratio of 2.26%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 7007 Broadway Ave, Cleveland, OH 44105
- County
- Cuyahoga
- Metro Area
- Cleveland, OH
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- August 4, 1938
- Former names
- Third Federal Savings and Loan Association of Cleveland (1989)
- Offices
- 35 domestic
- Employees (FTE)
- 992
- Domestic deposits
- $10.18B
- Allowance for credit losses
- $73.5M
- Net charge-offs (YTD)
- -$1.5M
- Average total assets
- $17.64B
- Average total loans
- $16.02B
- Average interest-bearing deposits
- $10.22B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 30012
- Fed RSSD
- 915878
- SEC CIK
- 1381668 → filed by TFS FINANCIAL CORPORATION
- Website
- www.thirdfederal.com →
- Parent Holding Company
- TFS FINANCIAL CORPORATION (RSSD 3828045) · TFSL
- Ultimate Parent
- THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION OF CLEVELAND, MHC (RSSD 3828036)
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Marc A Stefanski | CEO | Chairman, President and CEO |
| Meredith S Weil | CFO | Chief Financial Officer |
| Andrew J Rubino | COO | Chief Operating Officer |
| Michael J Carfagna | CIO | Chief Information Officer |
| Deborah L Hand | CRO | Chief Risk Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Third Federal Savings & Loan Association of Cleveland terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Third Federal Savings & Loan Association of Cleveland, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Third Federal Savings & Loan Association of Cleveland rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.73% | 0.69% | 0.25% | 2.26% | 1.87% |
| Q1 2026 | 15.89% | 0.53% | 0.23% | 2.14% | 1.79% |
| Q4 2025 | 15.82% | 0.50% | 0.25% | 2.32% | 1.78% |
| Q3 2025 | 16.53% | 0.59% | 0.25% | 2.25% | 1.80% |
| Q2 2025 | 16.51% | 0.49% | 0.24% | 2.16% | 1.75% |
| Q1 2025 | 16.72% | 0.48% | 0.24% | 2.09% | 1.69% |
| Q4 2024 | 16.74% | 0.51% | 0.24% | 2.05% | 1.62% |
| Q3 2024 | 17.17% | 0.40% | 0.22% | 1.92% | 1.62% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 35 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Third Federal Savings and Loan Association of Cleveland | Cleveland , OH | 44105 | $1.77B |
| Middleburg Heights Branch | Middleburg Heights , OH | 44130 | $489.1M |
| Snow Road Branch | Parma , OH | 44134 | $474.4M |
| Brecksville Branch | Brecksville , OH | 44141 | $473.6M |
| Ridge Road Branch | Parma , OH | 44129 | $433.2M |
| Mentor Branch | Mentor , OH | 44060 | $427.8M |
| North Olmsted Branch | North Olmsted , OH | 44070 | $420.7M |
| Mayfield Heights Branch | Mayfield Heights , OH | 44124 | $361.5M |
| Strongsville Branch | Strongsville , OH | 44136 | $346.9M |
| Sarasota Branch | Sarasota , FL | 34238 | $323.3M |
| Brunswick Branch | Brunswick , OH | 44212 | $322.4M |
| Avon Branch | Avon , OH | 44011 | $294.7M |
| Rocky River Branch | Rocky River , OH | 44116 | $287.3M |
| Twinsburg Branch | Twinsburg , OH | 44087 | $278.4M |
| Naples Branch | Naples , FL | 34108 | $248.2M |
| North Palm Beach Branch | North Palm Beach , FL | 33408 | $245.9M |
| Ft.Myers Branch | Fort Myers , FL | 33907 | $245.1M |
| Medina Road Branch | Medina , OH | 44256 | $229.0M |
| Seminole Branch | Seminole , FL | 33772 | $228.2M |
| Greenacres Branch | Greenacres , FL | 33463 | $203.7M |
| Chapel Hill Branch | Cuyahoga Falls , OH | 44221 | $193.7M |
| Garfield Heights Branch | Garfield Heights , OH | 44125 | $193.1M |
| New Port Richey Branch | Port Richey , FL | 34668 | $191.6M |
| Delray Branch | Delray Beach , FL | 33446 | $190.4M |
| Clearwater Branch | Clearwater , FL | 33761 | $175.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 1, 2021 | Structure Change | Acquired Broadway Holding Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 29, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 29, 2005 | Structure Change | Acquired Deepgreen Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 15, 2000 | Structure Change | Charter Retained (Merger or Purchase & Assumption) | FFIEC NIC |
| June 30, 1976 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
What the public regulatory sources show for Third Federal Savings & Loan Association of Cleveland, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 1 against the institution (OCC (former OTS)); 3 against individuals associated with it
- February 7, 2011, OCC (former OTS): Civil Money Penalty: Third Federal Savings & Loan Association of Cleveland
- Period: Most recent institution action February 7, 2011. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.3% of deposits in OH, rank 12 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 40,651 applications, 21,298 loans originated, $3.41B originated, across 30 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $275K approved, $69K average. 25.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1998 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Third Federal Savings & Loan Association of Cleveland
What are Third Federal Savings & Loan Association of Cleveland's total assets?
As of the Q2 2026 filing, Third Federal Savings & Loan Association of Cleveland reported total assets of $18.06 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Third Federal Savings & Loan Association of Cleveland headquartered?
Third Federal Savings & Loan Association of Cleveland is headquartered in Cleveland, OH, United States. It files quarterly FFIEC call reports, as every FDIC-insured savings institution must.
When was Third Federal Savings & Loan Association of Cleveland founded?
Third Federal Savings & Loan Association of Cleveland was established in 1938, per the FDIC institution directory.
Is Third Federal Savings & Loan Association of Cleveland FDIC-insured?
Yes. Third Federal Savings & Loan Association of Cleveland is an FDIC-insured savings institution (FDIC Certificate #30012). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Third Federal Savings & Loan Association of Cleveland?
Third Federal Savings & Loan Association of Cleveland's primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Third Federal Savings & Loan Association of Cleveland's CET1 capital ratio?
Third Federal Savings & Loan Association of Cleveland reported a Common Equity Tier 1 (CET1) capital ratio of 15.73% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Third Federal Savings & Loan Association of Cleveland operate?
Third Federal Savings & Loan Association of Cleveland operates 35 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Third Federal Savings & Loan Association of Cleveland's Texas Ratio?
Third Federal Savings & Loan Association of Cleveland's Texas Ratio is 2.26% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Third Federal Savings & Loan Association of Cleveland previously called?
The charter now named Third Federal Savings & Loan Association of Cleveland has also operated as Third Federal Savings and Loan Association of Cleveland (1989), per FDIC structure-change records.
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