Third Federal Savings & Loan Association of Cleveland
Cleveland, Ohio · $18.06B in assets · beside the 7 other Ohio banks over $10B
The filing
Third Federal Savings & Loan Association of Cleveland is the seventh largest of the 8 Ohio banks over $10B, with $18.06B in assets at 30 June 2026. Loans are 159.7% of deposits, the highest in the cohort against a median of 76.8%, and equity is 9.9% of assets, 6th of 8. Loans grew +3.6% in the year, the slowest in the cohort, and deposits fell 2.9%; the cohort's median loan growth is +13.0%.
Noncurrent loans are 0.25% of the book, the lowest in the cohort against a median of 0.85%; 0.14% is 30 to 89 days past due, and the allowance covers them 1.8 times. Commercial real estate is 0.0% of loans, the lowest in the cohort against a median of 12.3%, and 0% of capital, below the 300% screen, with construction at 0% against the 100% screen.
Return on assets is 0.61%, the lowest in the cohort against a median of 1.25%, on an efficiency ratio of 60.7%, 6th of 8. Five years ago it was 0.53%. The question is which of these lines moves first over the next four quarters, and against which peer.
Commercial real estate against capital
| Third Federal | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 0% | 1st of 8 | 67% |
| Construction against capital, the 100% screen | 0% | 1st of 8 | 16% |
| Construction and land development, share of loans | 0.0% | 1st of 8 | 2.7% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 0.0% | 1st of 8 | 5.2% |
| Total CRE, the guidance definition, share of loans | 0.0% | 1st of 8 | 12.3% |
| CRE growth over 36 months, the third prong | -83.6% | 1st of 8 | +8.8% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $4091.32B | 1.5% | 54.5% | 0.78% | 0.60% | 1.7% | 55.4% | 8.3% | |
| $705.55B | 1.2% | 56.1% | 1.45% | 0.52% | 1.8% | 76.3% | 9.8% | |
| $299.18B | 0.9% | 68.0% | 0.84% | 0.31% | 1.6% | 74.5% | 12.6% | |
| $283.07B | 1.0% | 61.7% | 1.06% | 0.24% | 1.7% | 84.2% | 11.8% | |
| $188.56B | 1.3% | 54.9% | 0.86% | 0.39% | 1.3% | 70.6% | 9.9% | |
| $22.35B | 1.5% | 57.5% | 0.70% | 0.27% | 1.4% | 77.3% | 13.4% | |
| $18.06B | 0.6% | 60.7% | 0.25% | -0.02% | 0.5% | 159.7% | 9.9% | |
| $12.61B | 1.8% | 54.7% | 0.86% | 0.11% | 1.1% | 90.3% | 12.4% |
| Third Federal | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $12.67B | $16.27B | +28% | $108.07B | $145.60B | +35% |
| Deposits | $9.30B | $10.18B | +9% | $148.24B | $192.80B | +30% |
| NPA / loans | 0.39% | 0.25% | -0.14 pts | 0.97% | 0.85% | -0.12 pts |
| Efficiency | 66.8% | 60.7% | -6.1 pts | 59.8% | 56.8% | -3.0 pts |
| ROA | 0.53% | 0.61% | +0.07 pts | 1.39% | 1.25% | -0.14 pts |
This read was prepared for Third Federal Savings & Loan Association of Cleveland's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Third Federal Savings & Loan Association of Cleveland is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort OH banks over $10B
Institution www.thirdfederal.com
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