Third Federal Savings and Loan Association of Cleveland


Third Federal Savings and Loan Association of Cleveland is an FDIC insured institution headquartered at 7007 Broadway Ave, Cleveland, OH 44105.
It was founded in 1938 and has approximately $17 billion in assets. Customers can open an account at one of its 38 branches.

Deposit Rates - November 19, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 30012
Date Established 1938
Assets $ 17.02 billion
Loans $ 15.22 billion
Deposits $ 10.18 billion
Capital $ 1,732.45 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 558.83 million
Interest-bearing balances $ 531.51 million
Total securities $ 519.22 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 15.22 billion
Loan loss allowance $ 67.53 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.43 million
Goodwill and other intangibles $ 14.27 million
All other assets $ 598.08 million
     Total Assets $ 15.29 billion

LIABILITIES
Total deposits $ 10.18 billion
      Interest-bearing deposits $ 10.00 billion
      Deposits held in domestic offices $ 10.18 billion
      % insured (estimated) 96.76%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.48 billion
Subordinated debt N.A.
All other liabilities $ 99.89 millionn
      Total Liabilities $ 15.29 billion
      Shareholders’ Equity $ 1,732.45 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 368.62 million
Total Interest Expense $ 233.42 million
Net interest income $ 135.20 million
Provision for loan and lease losses N.A.
Total non interest income $ 9.68 million
Total non interest expense $ 97.31 million
Pre-tax Net Operating Income $ 41.02 million

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Branches

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Third Federal Savings and Loan Association of Cleveland Locations