Cheviot Savings Bank

Headquarters

3723 Glenmore Ave
Cincinnati, OH 45211
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Cheviot Savings Bank is an FDIC insured institution located in Cincinnati, OH. It was founded in 1911 and has approximately $0.56 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 27946
Date Established 1911
Assets $ 572.55 million
Loans $ 336.88 million
Deposits $ 465.58 million
Capital $ 88.32 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Cheviot Savings Bank

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




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Note to Cheviot Savings Bank
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Branches

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

Your Location:
Fairfield,Connecticut


Cheviot Savings Bank Locations


Financial Details

Cheviot Savings Bank Ratio Analysis

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

Texas Ratio
Cheviot Savings Bank U.S. Bank Average
5.16% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, Cheviot Savings Bank had $3,036,000 in non-current loans and $1,642,000 in owned real estate. To cover these potential losses it had $88,318,000 in equity and $2,323,000 in loans loss reserves. That gives it a Texas Ratio of 5.16%.

Return on Equity
Cheviot Savings Bank U.S. Bank Average
0.12% 7.80%

Cheviot Savings Bank has a Return on Equity of 0.12% versus the BestCashCow average of 7.80%. 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.

Capitalization
Cheviot Savings Bank U.S. Bank Average
15.43% 12.68%

Cheviot Savings Bank has a Capitalization of 15.43% versus the BestCashCow average of 12.68. 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.

Cheviot Savings Bank Balance Sheet Analysis

As of March 31, 2015, Cheviot Savings Bank had assets of $561,781,000, loans of $336,884,000, and deposits of $465,584,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 336.88 million
Loan loss allowance $ 2.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.64 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 465.58 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 572.55 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Cheviot Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Ohio, Cheviot Savings Bank has a significantly higher percent of Small Business Loans 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 68.52
Multifamily
Mortgages
5.88
Credit Card Loans 0.00
Consumer Auto Loans 0.11
Small Business Loans 11.32
Construction and Development Loans 1.60
Commercial Real Estate 22.46
Commercial and Industrial Loans 1.95
Farm Loans 0.00

Frequently Asked Questions About Cheviot Savings Bank

Branches and Savings

Is Cheviot Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27946.

Why does Cheviot Savings Bank pay such low interest on savings accounts?

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

Why are Cheviot Savings Bank CD rates not competitive?

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

Is Cheviot Savings Bank a commercial bank?

Yes

Where are Cheviot Savings Bank locations?

See branch locations nearby.

Is Cheviot Savings Bank open on Saturdays?

Is Cheviot Savings Bank open on Sundays?

What time does Cheviot Savings Bank open?

What time does Cheviot Savings Bank close?

Are Cheviot Savings Bank ATMs Open 24/7?

Do Cheviot Savings Bank ATMs accept cash deposits?

Can Cheviot Savings Bank customers use other ATMs?

Do Cheviot Savings Bank branches have notaries?

Will Cheviot Savings Bank notarize my document?

What address for Cheviot Savings Bank should I put for incoming ACH transfers?

Will the Cheviot Savings Bank branch print checks?

Do Cheviot Savings Bank checks expire?

Does Cheviot Savings Bank require US citizenship to open account?

Can Cheviot Savings Bank close my account?

Does Cheviot Savings Bank Report to credit bureaus?

Does Cheviot Savings Bank Use Equifax?

What is Cheviot Savings Bank's ACH Routing Number?

What is Cheviot Savings Bank's SWIFT code?

Products

Does Cheviot Savings Bank offer mortgages?

Compare mortgage rates here.

Does Cheviot Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cheviot Savings Bank offer personal loans?

Compare personal loan rates here.

Does Cheviot Savings Bank offer student loans?

Will Cheviot Savings Bank cash a check?

Will Cheviot Savings Bank redeem a savings bond?

Does Cheviot Savings Bank cash savings bonds?

Will Cheviot Savings Bank cash money orders?

Can Cheviot Savings Bank issue a money order?

Does Cheviot Savings Bank do currency exchange?

Background on The Bank

Who owns Cheviot Savings Bank?

How long has Cheviot Savings Bank been around?

Can Cheviot Savings Bank transfer to other banks?

Does Cheviot Savings Bank have quick pay?

Does Cheviot Savings Bank accept rolled coins?

Will Cheviot Savings Bank accept loose change?

Where is Cheviot Savings Bank headquarters?

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