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Letter portraitLegal landscapeQuarterYTD

Third Federal Savings & Loan Association of Cleveland

Cleveland, OH · Cert 30012 · Third FS&LA of Cleveland MHC

State savings bank · OCC · 35 branches

Q2 2026

$18.1BAssets
$16.3BLoans
$10.2BDeposits
$1.8BEquity
Loan mix
100%RE $15.8B0%C&I $0.0B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
98%Interest-bearing $10.0B2%Noninterest $0.2BQ3 2024Q2 2026

Market Position · Cleveland, OH · 2026 SOD (annual) · 5.0% share · #6 of 35 inst. · $6.9B of $136.4B

5.0% Cuyahoga
1.1% Palm Beach
3.8% Summit
9.7% Medina

Executive Summary

  • Earnings: ROA of 0.60%, up 12 bps year over year; NIM at 1.77%.
  • Asset quality: problem loans at 0.25% of loans (+1 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 9.99%, down 12 bps from a year ago.
  • Funding: loans stand at 159.75% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.60%+12 bps YoY

Net Interest Margin (YTD, annualized)

1.77%+10 bps YoY

Efficiency Ratio (YTD, annualized)

60.53%-307 bps YoY

Tier 1 Leverage Ratio

9.99%-12 bps YoY

NIM

4.31%Q2 ’244.41%Q2 ’254.51%Q2 ’26+6%+6%

Non-interest income vs. expense

1.14%Q2 ’241.15%Q2 ’251.15%Q2 ’26-1%+0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.43%0.45%0.48%0.48%0.52%0.51%0.53%0.60%+12 bps
Return on Equity4.32%4.51%4.75%4.80%5.17%5.16%5.38%6.13%+133 bps
Net Interest Margin1.58%1.58%1.65%1.67%1.68%1.69%1.74%1.77%+10 bps
Efficiency Ratio67.13%66.15%63.40%63.60%62.00%63.06%62.70%60.53%-307 bps
Non-Interest Burden1.03%1.01%1.00%1.02%0.99%1.02%1.05%1.02%0 bps
Growth
Asset Growth (YoY)1.03%0.02%0.56%2.00%2.14%2.59%2.16%4.03%+203 bps
Loan Growth (YoY)1.07%0.90%1.37%2.69%2.50%2.70%2.50%3.63%+94 bps
Deposit Growth (YoY)7.48%3.21%4.65%3.12%2.50%1.64%-2.03%-2.94%-606 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.24%0.24%0.24%0.25%0.25%0.23%0.25%+1 bps
Net Charge-Offs / Loans-0.03%-0.03%-0.02%-0.02%-0.02%-0.02%-0.02%-0.02%0 bps
Allowance / Loans0.45%0.46%0.46%0.46%0.47%0.47%0.47%0.45%-1 bps
Allowance Coverage of NPLs2.1x1.9x1.9x1.9x1.9x1.9x2.0x1.8x-0.1x
Capital
Tier 1 Leverage Ratio10.11%9.96%10.04%10.10%10.11%9.81%9.94%9.99%-12 bps
Total Risk-Based Capital17.91%17.59%17.58%17.37%17.40%16.79%16.85%16.65%-73 bps
Equity / Assets9.91%10.08%10.03%9.91%9.99%9.73%9.96%9.91%0 bps
Liquidity & Funding
Loans / Deposits149.30%148.64%146.84%149.62%149.29%150.20%153.63%159.75%+1,013 bps
Liquid Assets / Assets2.56%2.55%2.54%2.44%2.33%2.46%2.36%2.99%+55 bps
CRE / Total Capitaln/an/an/an/a0.55%0.42%0.36%n/an/a