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Overview / Commentary
513-661-0457
3723 Glenmore Ave
Cincinnati, OH 45211

Cheviot Savings Bank is headquartered in Cincinnati and is the 35th largest bank in the state of Ohio. It is also the 1,131st largest bank in the nation. It was established in 1911 and as of December of 2013, it had grown to 113 employees at 13 locations. Cheviot Savings Bank has a B health rating.

Reviews (1)

BAIT AND SWITCH

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.



Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B+

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, 2013 Cheviot Savings Bank had $10.92 million in non-current loans and owned real-estate with $82.22 million in equity and loan loss allowances on hand to cover it. This gives Cheviot Savings Bank a Texas Ratio of 13.29% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Cheviot Savings Bank decreased slightly from 15.34% as of December 31, 2012 to 13.29% as of December 31, 2013, resulting in a positive change of 13.38%.This indicates that the balance sheet and financial strength for Cheviot Savings Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Cheviot Savings Bank has decreased its total deposits by -$28.4 million, resulting in -5.59% 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.

Capitalization

GRADE:
A+

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 $584.43 million in assets with $82.22 million in equity, resulting in a capitalization level of 14.07%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #27946
Year Established1911
Employees113
Primary RegulatorFDIC
Assets and Liabilities
Assets$584.43 million
Loans$335.63 million
Deposits$479.45 million
Equity Capital$80.52 million
Loan Loss Allowance$1.70 million
Unbacked Noncurrent Loans$7.64 million
Real Estate Owned$3.28 million
Historic Data - December 2012
Assets$629.15 million
Equity Capital$88.34 million
Loan Loss Allowance$2.16 million
Unbacked Noncurrent Loans$7.64 million
Real Estate Owned$3.98 million
Profit Margin - Quarterly
Net Interest Margin2.8%
Return on Assets0.26%
Return on Equity1.86%
Interest Income$19.28 million
Rates

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

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

Cheviot Savings Bank Money Market Rates

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

Cheviot Savings Bank Checking Account Rates

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

Cheviot Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
1.50%$100-4 Year Fixed Rate IRA (Traditional,Roth,CESA)
1.50%$100-5 Year Fixed Rate IRA (Traditional,Roth,CESA)
0.80%$100-3 Year Fixed Rate IRA (Traditional,Roth,CESA)
0.55%$100-2 Year Fixed Rate IRA (Traditional,Roth,CESA)
0.50%$100-1 Year Fixed Rate IRA (Traditional,Roth,CESA)
0.41%$100-18 Month Fixed Rate IRA (Traditional,Roth,CESA)
0.20%$100-6 Month Fixed Rate IRA (Traditional,Roth,CESA)
0.20%$100-7 Month Fixed Rate IRA (Traditional,Roth,CESA)
0.20%$100-9 Month Fixed Rate IRA (Traditional,Roth,CESA)
0.15%$100-3 Month Fixed Rate IRA (Traditional,Roth,CESA)
Locations

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