Bank of Cleveland

75 Bobby Taylor Avenue
Cleveland, TN 37311


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26955
Date Established 1987
Assets $0.27 billion
Loans $0.22 billion
Deposits $0.23 billion
Capital $0.04 billion

Bank of Cleveland is an FDIC insured institution located in Cleveland, TN. It was founded in 1987 and has approximately $0.27 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of Bank of Cleveland's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Cleveland’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Tennessee, Bank of Cleveland has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.12
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 11.40
Construction and Development Loans 15.96
Commercial Real Estate 49.66
Commercial and Industrial Loans 4.18
Farm Loans 0.00

Deposit Rates - June 20, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Premium Money Market Account
0.05% $5,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.05% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.10% $2,500 - Learn MoreShow Less
6 Mo CD
0.18% $2,500 - Learn MoreShow Less
12 Mo CD
0.30% $2,500 - Learn MoreShow Less
18 Mo CD
0.60% $2,500 - Learn MoreShow Less
24 Mo CD
0.95% $2,500 - Learn MoreShow Less
36 Mo CD
1.10% $2,500 - Learn MoreShow Less
48 Mo CD
1.50% $2,500 - Learn MoreShow Less
60 Mo CD
1.75% $2,500 - Learn MoreShow Less

Fixed IRA
0.30% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $10,000 - Learn MoreShow Less

Loan Rates - June 20, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bank of Cleveland

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
More Info

Note to Bank of Cleveland
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Bank of Cleveland branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Bank of Cleveland Locations

Financial Details

Bank of Cleveland Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Cleveland. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Cleveland U.S. Bank Average
17.44% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Bank of Cleveland had $4,225,000 in non-current loans and $3,341,000 in owned real estate. To cover these potential losses it had $40,563,000 in equity and $2,816,000 in loans loss reserves. That gives it a Texas Ratio of 17.44%.

Return on Equity
Bank of Cleveland U.S. Bank Average
9.86% 8.80%

Bank of Cleveland has a Return on Equity of 9.86% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank of Cleveland U.S. Bank Average
14.81% 12.29%

Bank of Cleveland has a Capitalization of 14.81% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Cleveland Balance Sheet Analysis

As of December 31, 2018, Bank of Cleveland had assets of $273,887,000, loans of $218,286,000, and deposits of $231,424,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.03 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.22 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.23 billion
Total deposits $0.23 billion
      Interest-bearing deposits $0.19 billion
      Deposits held in domestic offices $0.23 billion
      % insured (estimated) 65.06%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.23 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

December 31, 2018
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Bank Of Cleveland

Branches and Savings

Is Bank Of Cleveland FDIC insured?

Yes. It is covered under FDIC Certificate #26955.

Why does Bank Of Cleveland pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Cleveland CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Cleveland a commercial bank?


Where are Bank Of Cleveland locations?

See branch locations nearby.

Is Bank Of Cleveland open on Saturdays?

Is Bank Of Cleveland open on Sundays?

What time does Bank Of Cleveland open?

What time does Bank Of Cleveland close?

Are Bank Of Cleveland ATMs Open 24/7?

Do Bank Of Cleveland ATMs accept cash deposits?

Can Bank Of Cleveland customers use other ATMs?

Do Bank Of Cleveland branches have notaries?

Will Bank Of Cleveland notarize my document?

What address for Bank Of Cleveland should I put for incoming ACH transfers?

Will the Bank Of Cleveland branch print checks?

Do Bank Of Cleveland checks expire?

Does Bank Of Cleveland require US citizenship to open account?

Can Bank Of Cleveland close my account?

Does Bank Of Cleveland Report to credit bureaus?

Does Bank Of Cleveland Use Equifax?

What is Bank Of Cleveland's ACH Routing Number?

What is Bank Of Cleveland's SWIFT code?


Does Bank Of Cleveland offer mortgages?

Compare mortgage rates here.

Does Bank Of Cleveland offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Cleveland offer personal loans?

Compare personal loan rates here.

Does Bank Of Cleveland offer student loans?

Will Bank Of Cleveland cash a check?

Will Bank Of Cleveland redeem a savings bond?

Does Bank Of Cleveland cash savings bonds?

Will Bank Of Cleveland cash money orders?

Can Bank Of Cleveland issue a money order?

Does Bank Of Cleveland do currency exchange?

Background on The Bank

Who owns Bank Of Cleveland?

How long has Bank Of Cleveland been around?

Can Bank Of Cleveland transfer to other banks?

Does Bank Of Cleveland have quick pay?

Does Bank Of Cleveland accept rolled coins?

Will Bank Of Cleveland accept loose change?

Where is Bank Of Cleveland headquarters?

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