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Overview / Commentary
3723 Glenmore Ave
Cincinnati, OH 45211

Cheviot Savings Bank is headquartered in Cincinnati and is the 36th largest bank in the state of Ohio. It is also the 1,143rd largest bank in the nation. It was established in 1911 and as of March of 2014, it had grown to 102 employees at 13 locations. Cheviot Savings Bank has a B+ health rating.

Reviews (1)


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.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Cheviot Savings Bank had $8.54 million in non-current loans and owned real-estate with $85.03 million in equity and loan loss allowances on hand to cover it. This gives Cheviot Savings Bank a Texas Ratio of 10.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Cheviot Savings Bank decreased dramatically from 15.64% as of March 31, 2013 to 10.04% as of March 31, 2014, resulting in a positive change of 35.76%.This indicates that the balance sheet and financial strength for Cheviot Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Cheviot Savings Bank has decreased its total deposits by -$24.04 million, resulting in -4.79% 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 below average.



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 $583.43 million in assets with $85.03 million in equity, resulting in a capitalization level of 14.57%, which is excellent.

Institution Statistics

FDIC Certificate #27946
Year Established1911
Primary RegulatorFDIC
Assets and Liabilities
Assets$583.43 million
Loans$330.99 million
Deposits$477.42 million
Equity Capital$83.30 million
Loan Loss Allowance$1.73 million
Unbacked Noncurrent Loans$5.56 million
Real Estate Owned$2.98 million
Historic Data - March 2013
Assets$617.65 million
Equity Capital$88.58 million
Loan Loss Allowance$1.61 million
Unbacked Noncurrent Loans$5.56 million
Real Estate Owned$4.60 million
Profit Margin - Quarterly
Net Interest Margin2.9%
Return on Assets0.38%
Return on Equity2.72%
Interest Income$4.65 million

Always verify rates and promotions with the bank or credit union. We are not Cheviot Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Cheviot Savings Bank Savings Account Rates

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

Cheviot Savings Bank Money Market Rates

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

Cheviot Savings Bank Checking Account Rates

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

Cheviot Savings Bank CD Rates

1.50%$500-4 Year CD
1.50%$500-5 Year CD
0.80%$500-3 Year CD
0.55%$500-2 Year CD
0.50%$500-1 Year CD
0.41%$500-18 Month 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

1.50%$100-4 Year Fixed Rate IRA
1.50%$100-5 Year Fixed Rate IRA
0.80%$100-3 Year Fixed Rate IRA
0.55%$100-2 Year Fixed Rate IRA
0.50%$100-1 Year Fixed Rate IRA
0.41%$100-18 Month Fixed Rate IRA
0.20%$100-6 Month Fixed Rate IRA
0.20%$100-7 Month Fixed Rate IRA
0.20%$100-9 Month Fixed Rate IRA
0.15%$100-3 Month Fixed Rate IRA

Cheviot Savings Bank has 12 locations. Click to view all Cheviot Savings Bank locations.