Third Federal Savings and Loan Association of Cleveland in Cleveland, Ohio (OH), FL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Third Federal Savings and Loan Association of Cleveland in Cleveland, Ohio (OH), FL
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Third Federal Savings and Loan Association of Cleveland - Overview

  • General
  • FDIC Certificate #: 30012
    Status: Active
    Federal Reserve ID: 915878
    Date Established: August 04, 1938
    WWW: http://www.thirdfederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 39 (Domestic: 39, Interstate: Yes)
    OTS Docket #: 4544
    FDIC's unique #: 42846
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: August 04, 1938
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 7007 Broadway Avenue, Cleveland, OH 44105
    County: Cuyahoga
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $11,018.4 mil
    Equity capital: $1,517.0 mil
    Deposits held in domestic offices: $8,966.1 mil
    Return on assets (ROA): 0.22% ($24.2 mil)
    Quarterly return on assets: 0.31% ($34.2 mil)
    Return on Equity (ROE): 1.64% ($24.9 mil)
    Quarterly return on equity: 2.26% ($34.3 mil)
    Net income: $24.5 mil
    Quarterly Net income: $8.5 mil
    Pretax return on assets: 0.32% ($35,258.9 mil)
    Quarterly Pretax return on assets: 0.46% ($50,684.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 954Total employees (full-time equivalent)
  • $11,018,418Total assets
  • $250,207Cash and due from depository institutions
  • $209,935Interest-bearing balances
  • $356,469Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $10,009,732Net loans & leases
  • $96,852Loan loss allowance
  • $0Trading account assets
  • $39,478Bank premises and fixed assets
  • $19,333Other real estate owned
  • $33,790Goodwill and other intangibles
  • $11,018,418Life insurance assets
  • $309,409All other assets
  • $9,501,241Total liabilities and capital
  • $8,966,099Total liabilities
  • $8,658,478Total deposits
  • $8,966,099Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $506,742Trading liabilities
  • $0Other borrowed funds
  • $28,400Subordinated debt
  • $1,517,177All other liabilities
  • $1,517,025Total equity capital
  • $1,517,025Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $669,821Surplus
  • $847,203Undivided profits
  • Memoranda
  • $152Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $165,734Income earned, not collected on loans
  • $0Earning assets
  • $35,282Long-term assets (5+ years)
  • $10,576,136Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $10,913,567Volatile liabilities
  • $10,934,795Insider loans
  • $7,232,582FHLB advances
  • $11,013,444Loans and leases held for sale
  • $172,456Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,517,994Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,079,245Restructured Loans and leases
  • $751Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $425,970Total interest income
  • $176,204Total interest expense
  • $249,766Net interest income
  • $79,000Provision for loan and lease losses
  • $16,533Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $16,533Additional noninterest income
  • $152,263Total noninterest expense
  • $73,696Salaries and employee benefits
  • $17,784Premises and equipment expense
  • $60,783Additional noninterest expense
  • $35,036Pre-tax net operating income
  • $0Securities gains (losses)
  • $10,552Applicable income taxes
  • $24,484Income before extraordinary items
  • $0Extraordinary gains - net
  • $24,484Net income attributable to bank
  • $0Net charge-offs
  • $24,484Cash dividends
  • $77,286Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.07%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 2.39%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 1.45%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.32%Pretax return on assets
  • 1.64%Return on equity (ROE)
  • 1.64%Retained earnings to average equity (YTD only)
  • 0.78%Net charge-offs to loans
  • 102.22%Credit loss provision to net charge-offs
  • 1.48%Efficiency ratio
  • 56,571Assets per employee
  • 11.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 58.44%Noncurrent assets plus other real estate owned to assets
  • 1.67%Noncurrent loans to loans
  • 1.64%Net loans and leases to deposits
  • 111.64%Net loans and leases to core deposits
  • 115.35%Equity capital to assets
  • 13.77%Core capital (leverage) ratio
  • 13.78%Tier 1 risk-based capital ratio
  • 20.99%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $10,913,567Average earning assets
  • $1,490,002Average equity
  • $10,464,927Average loans

List of branches

  • 17 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    111358546New Port Richey Branch8501 Little Road, New Port Richey, FL 34654September 05, 2000Full Service Brick and Mortar
    112359119Clearwater Branch29247 Us. Hwy. 19 North, Clearwater, FL 33761October 12, 1999Full Service Brick and Mortar
    113359120Sarasota Branch3355 Clark Road, Sarasota, FL 34231November 22, 1999Full Service Brick and Mortar
    114359121Seminole Branch11125 Park Boulevard, Suite 121, Seminole, FL 33772October 12, 1999Full Service Brick and Mortar
    115359123St. Petersburg Branch262 37th Avenue North, Saint Petersburg, FL 33704November 15, 1999Full Service Brick and Mortar
    116359124Tampa Branch11707 N Dale Marby Highway, Tampa, FL 33618October 12, 1999Full Service Brick and Mortar
    117362831Hallandale Branch1430 East Hallandale Beach Boulevard, Hallandale, FL 33009July 15, 2000Full Service Brick and Mortar
    118362928Ft.Myers Branch5030 S Cleveland Avenue, Fort Myers, FL 33907October 05, 2000Full Service Brick and Mortar
    119362930Bonita Springs Branch25301 South Tamiami Trail Unit 1, Bonita Springs, FL 34134October 02, 2000Full Service Brick and Mortar
    120362931Naples Branch1410 Pine Ridge Road, Naples, FL 34108October 23, 2000Full Service Brick and Mortar
    121362935North Palm Beach Branch11701 Us Highway 1,, North Palm Beach, FL 33408January 16, 2001Full Service Brick and Mortar
    122362936Greenacres Branch6125 Lake Worth Road, Greenacres, FL 33463October 30, 2000Full Service Brick and Mortar
    123362937Delray Branch15140 Jog Road, Delray Beach, FL 33446December 11, 2000Full Service Brick and Mortar
    124362938Boca Raton Branch70 South Dixie Highway, Boca Raton, FL 33432October 30, 2000Full Service Brick and Mortar
    129518124Plantation Branch8500 West Broward Boulevard, Plantation, FL 33324September 22, 2008Full Service Brick and Mortar
    130518125Pembroke Pines Branch14924 Pines Boulevard, Pembroke Pines, FL 33027July 20, 2009Full Service Brick and Mortar
    131518126Coral Spring Branch2360 North University Drive, Coral Springs, FL 33065September 21, 2009Full Service Brick and Mortar
  • 22 Ohio Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    042846Third Federal Savings And Loan Assoc7007 Broadway Avenue, Cleveland, OH 44105August 04, 1938Full Service Brick and Mortar
    1278234Brecksville Branch8943 Brecksville Road, Brecksville, OH 44141August 04, 1938Full Service Brick and Mortar
    3278236Ohio City Branch1900 West 25th Street, Cleveland, OH 44113August 04, 1938Full Service Brick and Mortar
    5278238Southgate Branch5345 Warrensville Rd., Maple Heights, OH 44137August 04, 1938Full Service Brick and Mortar
    6278239Snow Road Branch1616 Snow Road, Parma, OH 44134August 04, 1938Full Service Brick and Mortar
    7278240Ridge Road Branch5950 Ridge Road, Parma, OH 44129August 04, 1938Full Service Brick and Mortar
    8278241Westonw Branch10642 Lorain Avenue, Cleveland, OH 44111August 04, 1938Full Service Brick and Mortar
    9278242North Olmsted Branch26949 Lorain Road, North Olmsted, OH 44070August 04, 1938Full Service Brick and Mortar
    11278244Garfield Heights Branch4788 Turney Road, Garfield Heights, OH 44125August 04, 1938Full Service Brick and Mortar
    13278245Middleburg Heights Branch6849 Pearl Road, Middleburg Heights, OH 44130August 04, 1938Full Service Brick and Mortar
    16278248Brunswick Hills Branch3890 Center Road, Brunswick, OH 44212August 04, 1938Full Service Brick and Mortar
    101278250Mentor Branch7339 Mentor Avenue, Mentor, OH 44060June 30, 1989Full Service Brick and Mortar
    102278251Fairlawn Branch2875 West Market Street, Fairlawn, OH 44333January 23, 1989Full Service Brick and Mortar
    103278252Mayfield Heights Branch5692 Mayfield Road, Lyndhurst, OH 44124June 18, 1990Full Service Brick and Mortar
    104270164Euclid Branch22332 Lake Shore Blvd., Euclid, OH 44123June 30, 1987Full Service Brick and Mortar
    106278254Cedar Branch13908 Cedar Road, South Euclid, OH 44118June 17, 1993Full Service Brick and Mortar
    107278255Chapel Hill Branch490 Howe Avenue, Cuyahoga Falls, OH 44221June 30, 1996Full Service Brick and Mortar
    108278256Rocky River Branch21651 Center Ridge Road, Rocky River, OH 44116June 30, 1996Full Service Brick and Mortar
    109278257Strongsville Branch18380 Royalton Road, Strongsville, OH 44136June 30, 1996Full Service Brick and Mortar
    126464586Twinsburg Branch9057 Darrow Road, Twinsburg, OH 44087August 27, 1999Full Service Brick and Mortar
    128464606Medina Road Branch4018a Medina Road, Medina, OH 44256November 09, 2000Full Service Brick and Mortar
    132518134Avon Branch35592 Detroit Road, Avon, OH 44011June 29, 2009Full Service Brick and Mortar

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