C
Third Federal Savings & Loan Association of Cleveland
Rating Date
April 2025
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Major Rating Factors: A current level of 2.1 percent of nonperforming loans to core capital combined with 4.1 percent from a year earlier contributes to the Excellent asset quality (9.3). Excellent current capitalization (8.4 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.
Other Rating Factors: 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). Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.5 has resulted in Weak (2.9) profitability.
Asset Mix: Home mtgs (69%), home eq lns (21%), cash (3%), securities (3%), other (4%)
States with Branches: FL, OH
Asset Quality
Non-Performing Loans to Capital
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Hot Money
Corporate Info
Group Affiliation
Third Federal Savings and Loan Association of Cleveland, MHC
Investment Rating
--
Address
7007 Broadway Avenue
Cleveland, OH 44105
Phone Number
(216) 429-5228
Year Founded
1938
FDIC Number
Largest Affiliates
No affiliate information available.