1 star ratingAverage User Rating:
1 star rating based on 1 review.

Cheviot Savings Bank

Cheviot Savings Bank Locations
3723 Glenmore Ave
Cincinnati, OH 45211
(513) 661-0457
www.cheviotsavings.com

FDIC

Cheviot Savings Bank is headquartered in Cincinnati and is the 33rd largest bank in the state of Ohio. It is also the 1,072nd largest bank in the nation. It was established in 1911 and as of December of 2012, it had grown to 116 employees at 13 locations. Cheviot Savings Bank has a 4-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Cheviot Savings Bank Checking Account Rates

ApyMinMaxProduct
0.05%$300-Personal NOW Checking Account
0.05%$1k-Business NOW Checking Account

Cheviot Savings Bank Savings Account Rates

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0.10%--School Statement Savings Account
0.07%--Passbook Savings Account
0.07%--Statement Savings Account

Cheviot Savings Bank Money Market Rates

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0.25%$100k-Money Market Account Preferred
0.15%$2,500-Money Market Account

Cheviot Savings Bank CD Rates

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1.00%$500-4 Year CD
1.00%$500-5 Year CD
0.80%$500-3 Year CD
0.55%$500-2 Year CD
0.41%$500-18 Month CD
0.36%$500-1 Year CD
0.20%$500-6 Month CD
0.20%$500-7 Month CD
0.20%$500-9 Month CD
0.15%$500-3 Month CD

Cheviot Savings Bank IRA Rates

ApyMinMaxProduct
1.00%$100-4 Year IRA
1.00%$100-5 Year IRA
0.80%$100-3 Year IRA
0.55%$100-2 Year IRA
0.41%$100-18 Month IRA
0.36%$100-1 Year IRA
0.20%$100-6 Month IRA
0.20%$100-7 Month IRA
0.20%$100-9 Month IRA
0.15%$100-3 Month IRA

Rates updated: 5/19/2013

Data for Q4 2012


Institution Statistics


Cheviot Savings Bank
OTS #00597
FDIC Certificate #27946
BankRate ReportView
Year Established1911
Employees116
Primary RegulatorFDIC

Assets and Liabilities

Assets$629.15 million
Loans$339.24 million
Deposits$507.84 million
Equity Capital$88.34 million
Loan Loss Allowance$2.16 million
Unbacked Noncurrent Loans$9.90 million
Real Estate Owned$3.98 million

Historic Data - December 2011

Assets$616.46 million
Equity Capital$71.90 million
Loan Loss Allowance$1.45 million
Unbacked Noncurrent Loans$12.24 million
Real Estate Owned$3.80 million

Profit Margin - Quarterly

Net Interest Margin2.85%
Return on Assets0.57%
Return on Equity4.23%
Interest Income$21.69 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Cheviot Savings Bank had $13.88 million in non-current loans and owned real-estate with $90.5 million in equity and loan loss allowances on hand to cover it. This gives Cheviot Savings Bank a Texas Ratio of 15.34% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Cheviot Savings Bank decreased slightly from 21.86% as of December 31, 2011 to 15.34% as of December 31, 2012, resulting in a positive change of 29.83%.This indicates that the balance sheet and financial strength for Cheviot Savings Bank has improved slightly in recent periods.
Deposit Growth3
In the past year, Cheviot Savings Bank has increased its total deposits by $25,000, resulting in 0% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Cheviot Savings Bank has shown is average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Cheviot Savings Bank has $629.15 million in assets with $90.5 million in equity, resulting in a capitalization level of 14.39%, which is excellent.
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BAIT AND SWITCH
1 stars - Homeowner - Thursday, January 24, 2013 - 4:11 PM

In The Enquirer today, an articles shows the 'bait & switch' group moving into a new building.  Despite their poor earnings and excessive salaries, they apparently have done enough 'bait & switches' to pay for it.  The time capsule should be titled "How we defrauded the community with our successful bait and switch program to pay for this".

This group is a disgrace to the community!  They quote a loan and one rate, charge you $350.00 and then jack up the rate after they get your money and then refuse to return your deposit.  Obama and Pelosi are so very proud of you.

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