Third Federal Savings and Loan Association of Cleveland: how it compares with its peers
Against 121 U.S. banks with half to twice its assets, Third Federal Savings and Loan Association of Cleveland's strongest measure in Q2 2026 is assets per employee ($18.2M vs. a $11.3M peer median). Its weakest relative measure is net interest margin (1.85% vs. 3.68%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.60% | 1.30% | Bottom third Ahead of 11% of peers |
| Net interest margin Annualized net interest income over earning assets. | 1.85% | 3.68% | Bottom third Ahead of 6% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 60.53% | 54.69% | Bottom third Ahead of 24% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $18.2M | $11.3M | Top third Ahead of 73% of peers |
| Loans to deposits Net loans and leases over total deposits. | 159.03% | 86.12% | Context |
What it means for lending operations
Its efficiency ratio of 60.53% is above the 54.69% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Busey Bank Champaign, IL · $18.15B
- ServisFirst Bank Birmingham, AL · $18.34B
- Community Bank, National Association Canton, NY · $17.45B
- Enterprise Bank & Trust Clayton, MO · $17.36B
- Northwest Bank Warren, PA · $17.21B
- Bank of Hope Los Angeles, CA · $18.99B
Questions about Third Federal Savings and Loan Association of Cleveland
How big is Third Federal Savings and Loan Association of Cleveland?
Third Federal Savings and Loan Association of Cleveland, established in 1938, is headquartered in Cleveland, OH. It reported $18.06B in total assets in its Q2 2026 FDIC call report and operates 35 offices.
What is Third Federal Savings and Loan Association of Cleveland's return on assets?
0.60% annualized in Q2 2026, against a 1.30% median for 121 U.S. banks with half to twice its assets, ahead of 11% of them.
What is Third Federal Savings and Loan Association of Cleveland's efficiency ratio?
60.53% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 54.69%, and lower is better.
Is Third Federal Savings and Loan Association of Cleveland growing its loans?
Net loans grew 3.6% over the year to Q2 2026, while deposits shrank 2.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Ohio bank ranked.