Third Federal Savings & Loan Association of Cleveland
BankRegReports is independent of Third Federal Savings & Loan Association of Cleveland and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Third Federal Savings & Loan Association of Cleveland is an FDIC-insured savings institution headquartered in Cleveland, OH, supervised by the OCC, with $18.06B in total assets at Q2 2026, up 4.0% from Q2 2025, the 7th largest of 154 banks headquartered in Ohio. It was established in 1938 and holds FDIC certificate 30012. Its CET1 capital ratio was 15.73% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 30012
- Headquarters
- Cleveland, OH
- Established
- 1938
- Total assets, Q2 2026
- $18.06B
- Assets vs Q2 2025
- +4.0%
- CET1 ratio, Q2 2026
- 15.73%
- Domestic offices
- 35 · Third Federal Savings & Loan Association of Cleveland branches FDIC institution directory, current count
- Routing number
- 241070530
- Safety and soundness
- Is Third Federal Savings & Loan Association of Cleveland safe?
- Latest call report
- Q2 2026, FFIEC 041 · Third Federal Savings & Loan Association of Cleveland call report
- Holding company
- TFS FINANCIAL CORPORATION
- Asset rank in state
- 7th of 154 in Ohio
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 $1.34 for the 124 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 1.91%).
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 0.25% and a Texas ratio of 2.26%. The figures come from its call report filed with the FFIEC.
Of the 154 banks headquartered in Ohio, Third Federal Savings & Loan Association of Cleveland is the 7th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 3.4% to $18.06B, loans rose 2.8% and deposits fell 1.1%. 1-4 family residential loans made up 99.9% of its total loans on June 30, 2026, its largest category. The FDIC Summary of Deposits lists 35 offices for it, in 32 cities across 2 states; its Cleveland 3 offices book 19% of its branch deposits. On its Q2 2026 call report, Third Federal Savings & Loan Association of Cleveland meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 35 FDIC institution directory, current count
- 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
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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Third Federal Savings & Loan Association of Cleveland's total assets ranged from $16.90B (Q3 2023) to $18.06B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$18.06B total assets against $17.36B; $16.27B total liabilities against $15.64B.
$16.20B net loans and leases against $15.63B; $10.18B total deposits against $10.49B.
$478.4M securities against $521.3M; $567.0M cash and balances due against $450.8M.
$202.7M total interest income against $191.8M; $122.5M total interest expense against $118.5M.
$80.1M net interest income against $73.3M.
$5.6M total noninterest income against $5.6M; $50.2M total noninterest expense against $50.4M.
-$3.5M provision for credit losses against $1.5M.
$30.3M net income against $20.8M.
0.69% return on assets against 0.49%; 1.87% net interest margin against 1.75%.
15.73% CET1 capital ratio against 16.51%; 9.99% tier 1 leverage ratio against 10.10%.
Inside the full Third Federal Savings & Loan Association of Cleveland terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, 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
Its closest position to the top of a national ranking is 111 of 4,196, for total assets; its furthest is 967 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.40% (Q3 2024) to 0.69% (Q2 2026) and its net interest margin ran from 1.62% (Q3 2024) to 1.87% (Q2 2026).
| 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
View all 35 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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 | Acquired another institution Charter Retained (Merger or Purchase & Assumption) for the acquired bank | 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
Facts as filed or published, not a rating.
- 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 184 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).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Third Federal Savings & Loan Association of Cleveland’s latest filed figures and updates each quarter.
Similar banks
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.
Where is Third Federal Savings & Loan Association of Cleveland headquartered?
It is headquartered in Cleveland, OH, United States.
When was Third Federal Savings & Loan Association of Cleveland founded?
It was established in 1938, per the FDIC institution directory.
Is Third Federal Savings & Loan Association of Cleveland FDIC-insured?
Yes. It 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.
What is Third Federal Savings & Loan Association of Cleveland's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 2.26% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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.
Go deeper on Third Federal Savings & Loan Association of Cleveland.
Get an email when Third Federal Savings & Loan Association of Cleveland files its next call report, and benchmark it against any peer you choose.
Unlock Third Federal Savings & Loan Association of Cleveland, freeFree account