Third Fs&la of Cleveland
Cleveland, Ohio · FDIC Cert #30012
Third Fs&la of Cleveland is an FDIC-insured bank (Certificate #30012) with $17.0B in total assets and $10.2B in total deposits as of the Q2 2024 Call Report. Headquartered in Cleveland, Ohio, the bank maintains a Tier 1 capital ratio of 17.33% (Well-Capitalized) and a nonperforming loan ratio of 0.23%. BankHealthData assigns a composite Health Grade of B (69/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Third Fs&la of Cleveland (FDIC cert 30012) is a large bank with $17.0B in total assets and $10.2B in deposits, headquartered in Cleveland, Ohio. Banks at this scale typically operate across multiple states and face enhanced regulatory scrutiny under the federal banking-supervisory framework.
Capital position is strong: Tier 1 capital ratio of 17.33% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.23% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 6.3% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is thin: ROA of 0.58% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. Third Fs&la of Cleveland carries a composite BankHealth grade of B (69/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Third Fs&la of Cleveland
- Total Assets
- $17.0B
- Total Deposits
- $10.2B
- Tier 1 Capital Ratio
- 17.33%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.23%
- Liquidity Ratio
- 6.33%
- Return on Assets
- 0.58%
- Headquarters
- Cleveland, Ohio
- FDIC Certificate
- #30012
- Health Grade
- B (69/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Third Fs&la of Cleveland holds a Tier 1 capital ratio of 17.33%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Third Fs&la of Cleveland has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Third Fs&la of Cleveland shows strong financial health indicators. With $17.0B in assets and a Health Score of 69/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Third Fs&la of Cleveland Compares
Third Fs&la of Cleveland’s Health Score of 69 is 2 points above the Ohio state average of 67 across 144 FDIC-insured banks. Its 17.33% Tier 1 capital ratio is 3.3 points above the US banking industry average near 14%. The 0.23% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.58% is below the national ROA benchmark of ~1.1%. Among 110 similarly-sized banks, the average Health Score is 78, meaning this bank ranks below its size cohort. Site-wide, Third Fs&la of Cleveland is 1 points below the portfolio average of 70.
Frequently Asked Questions
Third Fs&la of Cleveland has a Bank Health Score of B (69/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 17.33%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Third Fs&la of Cleveland's Tier 1 capital ratio of 17.33% and nonperforming loan ratio of 0.23% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Third Fs&la of Cleveland is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #30012). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Third Fs&la of Cleveland holds $17.0B in total assets and $10.2B in total deposits. It is headquartered in Cleveland, Ohio (FDIC Certificate #30012).
Third Fs&la of Cleveland has a Tier 1 capital ratio of 17.33%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.23%, and the return on assets is 0.58%.
Yes. Third Fs&la of Cleveland is FDIC-insured (Certificate #30012). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Third Fs&la of Cleveland's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.