Major Rating Factors:
Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.5 has resulted in Weak (3.0) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.7 on a scale of 0 to 10).
Other Rating Factors:
A current level of 2.1 percent of nonperforming loans to core capital combined with 2.0 percent from a year earlier contributes to the Excellent asset quality (9.9). Excellent current capitalization (8.6 on a scale of 0 to 10) based on a risk-based capital ratio of 17.6 and a capital leverage ratio of 10.0.
Asset Mix:
Home mtgs (68%), home eq lns (22%), securities (3%), cash (3%), other (3%)
States with Branches:
FL, OH
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Third Federal Savings and Loan Association of Cleveland, MHC
Investment Rating
--
Address
7007 Broadway Avenue
Cleveland, OH 44105
Cleveland, OH 44105
Phone Number
(216) 429-5228
Year Founded
1938
FDIC Number
Website
Largest Affiliates
No affiliate information available.