Banking Companies with Highest Multiples of Net Income to Salary, Benefits
December 17, 2008, 10:08 a.m. EST 1 Min Read
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Banking Companies with Highest Multiples of Net Income to Salary, Benefits
Banking Companies with Highest Multiples of Net Income to Salary, BenefitsOn June 30, 2008. Dollars in thousands | |||||
|---|---|---|---|---|---|
| Rank | Multiple | | Salary and benefits | Return on average assets | |
| 1 | Broadway Bancorp Inc. Chicago | 3.81 | $4,495 | $1,180 | 1.58% |
| 2 | Strategic Capital Bancorp Inc. Champaign, Ill. | 3.72 | 3,284 | 883 | 1.94 |
| 3 | Republic Bancorp Co. Oak Brook, Ill. | 2.37 | 5,325 | 2,247 | 2.56 |
| 4 | Manhattan Banking Corp. Kan. | 2.00 | 3,117 | 1,558 | 1.92 |
| 5 | Lakeside Bancorp Inc. Chicago | 1.96 | 4,176 | 2,126 | 1.82 |
| Inwood Bancshares Inc. Dallas | 1.96 | 6,686 | 3,419 | 1.92 | |
| 7 | Citizens Bankshares Inc. Farmington, N.M. | 1.87 | 3,414 | 1,826 | 2.56 |
| 8 | Oriental Financial Group Inc. San Juan, Puerto Rico | 1.84 | 14,427 | 7,824 | 0.95 |
| 9 | SBC Inc. Countryside, Ill. | 1.81 | 4,865 | 2,692 | 2.04 |
| 10 | Falcon Bancshares Inc. Laredo, Tex. | 1.76 | 7,374 | 4,193 | 3.41 |
| 11 | Ida Grove Bancshares Inc. Iowa | 1.71 | 4,737 | 2,772 | 1.87 |
| 12 | CBX Corp. Carrollton, Ill. | 1.69 | 3,195 | 1,891 | 1.83 |
| 13 | Waupaca Bancorp. Inc. Wis. | 1.60 | 3,150 | 1,968 | 1.96 |
| City National Bancshares Inc. Miami | 1.60 | 15,588 | 9,771 | 2.21 | |
| 15 | United Community Bancorp Inc. Chatham, Ill. | 1.46 | 3,160 | 2,169 | 1.92 |
| 16 | Franklin Resources Inc. San Mateo, Calif. | 1.41 | 403,313 | 285,652 | 16.58 |
| West Financial Inc. El Paso | 1.41 | 3,877 | 2,753 | 2.20 | |
| City Holding Co. Charleston, W.Va. | 1.41 | 13,379 | 9,517 | 2.14 | |
| 19 | Prosperity Bancshares Inc. Houston | 1.40 | 23,436 | 16,751 | 1.43 |
| 20 | United National Corp. Sioux Falls, S.D. | 1.39 | 52,716 | 37,791 | 14.29 |
| Bank of Highland Park Financial Corp. Ill. | 1.39 | 2,533 | 1,818 | 0.87 | |
| 22 | Whitcorp Financial Co. Leoti, Kan. | 1.38 | 3,081 | 2,228 | 2.28 |
| 23 | Washington First Financial Group Inc. Seattle | 1.34 | 1,645 | 1,225 | 0.94 |
| Intervest Bancshares Corp. New York | 1.34 | 1,861 | 1,390 | 0.34 | |
| 25 | United Bankshares Inc. Charleston, W.Va. | 1.33 | 25,147 | 18,940 | 1.26 |
| 26 | Cashmere Valley Financial Corp. Wash. | 1.32 | 3,636 | 2,751 | 1.56 |
| Hometown Community Bancorp Inc. Morton, Ill. | 1.32 | 4,285 | 3,250 | 1.11 | |
| S&T Bancorp Inc. Indiana, Pa. | 1.32 | 13,861 | 10,514 | 1.50 | |
| First Bancorp Inc. Damariscotta, Maine | 1.32 | 3,603 | 2,736 | 1.18 | |
| 30 | Bankmanagers Corp. Milwaukee | 1.29 | 3,775 | 2,919 | 1.97 |
| American Community Financial Inc. Woodstock, Ill. | 1.29 | 1,450 | 1,125 | 1.01 | |
| 32 | Myers Bancshares Inc. Alva, Okla. | 1.27 | 1,146 | 904 | 1.81 |
| 33 | National Bankshares Inc. Blacksburg, Va. | 1.26 | 3,469 | 2,746 | 1.54 |
| Intrust Financial Corp. Wichita | 1.26 | 18,034 | 14,328 | 2.08 | |
| 35 | FirstPerryton Bancorp Inc. Tex. | 1.25 | 3,391 | 2,706 | 2.04 |
| 36 | West Bancorp. Inc. West Des Moines, Iowa | 1.24 | 4,514 | 3,634 | 1.39 |
| 37 | Amarillo National Bancorp Inc. Tex. | 1.22 | 11,990 | 9,841 | 1.86 |
| 38 | New York Private Bank and Trust Corp. | 1.20 | 42,731 | 35,724 | 1.10 |
| 39 | Pinnacle Bancorp Inc. Central City, Neb. | 1.19 | 21,897 | 18,439 | 1.87 |
| Carbon County Holding Co. Rawlins, Wyo. | 1.19 | 1,194 | 1,006 | 2.96 | |
| 41 | First Citizens Financial Corp. Mason City, Iowa | 1.18 | 3,459 | 2,933 | 1.42 |
| 42 | Cathay General Bancorp Los Angeles | 1.17 | 19,231 | 16,408 | 0.73 |
| Apple Financial Holdings Inc. New York | 1.17 | 12,828 | 10,980 | 0.64 | |
| 44 | CNB Bancshares Inc. Sevierville, Tenn. | 1.16 | 2,880 | 2,493 | 1.63 |
| 45 | Capitol Bancorp. Inc. Britton, S.D. | 1.15 | 2,416 | 2,093 | 1.59 |
| American Bank Inc. Allentown, Pa. | 1.15 | 874 | 762 | 0.70 | |
| 47 | First National Bancshares Inc. Goodland, Kan. | 1.14 | 1,611 | 1,411 | 1.90 |
| Ambank Co. Inc. Sioux Center, Iowa | 1.14 | 2,353 | 2,073 | 1.42 | |
| 49 | Citizens Financial Services Inc. Mansfield, Pa. | 1.13 | 2,446 | 2,158 | 1.63 |
| American Bancorp. Inc. Sapulpa, Okla. | 1.13 | 2,797 | 2,470 | 1.84 | |
| Bank of the Ozarks Inc. Little Rock | 1.13 | 8,607 | 7,624 | 1.12 | |
| 52 | Magnolia Banking Corp. Ark. | 1.12 | 2,365 | 2,103 | 1.54 |
| Valley National Bancorp Wayne, N.J. | 1.12 | 41,483 | 37,036 | 1.28 | |
| First National Community Bancorp Inc. Dunmore, Pa. | 1.12 | 3,509 | 3,134 | 1.08 | |
| 55 | Camden National Corp. Maine | 1.11 | 7,107 | 6,399 | 1.21 |
| CVB Financial Corp. Ontario, Calif. | 1.11 | 17,153 | 15,501 | 1.07 | |
| 57 | BOU Bancorp Inc. Ogden, Utah | 1.10 | 3,851 | 3,486 | 2.24 |
| Security National Corp. Omaha | 1.10 | 2,996 | 2,723 | 2.15 | |
| 59 | Berkshire Bancorp Inc. New York | 1.09 | 2,642 | 2,417 | 0.98 |
| Nodaway Valley Bancshares Inc. Maryville, Mo. | 1.09 | 2,513 | 2,304 | 1.57 | |
| Valley View Bancshares Inc. Overland Park, Kan. | 1.09 | 10,197 | 9,356 | 1.36 | |
| Central Bancorp. Provo, Utah | 1.09 | 3,567 | 3,281 | 2.28 | |
| 63 | Auburn National Bancorp. Inc. Ala. | 1.08 | 1,866 | 1,721 | 1.03 |
| First Financial Bankshares Inc. Abilene, Tex. | 1.08 | 13,602 | 12,619 | 1.81 | |
| 65 | Traditional Bancorp. Inc. Mount Sterling, Ky. | 1.07 | 2,666 | 2,483 | 1.28 |
| U.S. Bancorp Minneapolis | 1.07 | 950,000 | 886,000 | 1.56 | |
| First Paragould Bankshares Inc. Ark. | 1.07 | 1,812 | 1,699 | 1.27 | |
| 68 | First Keystone Corp. Berwick, Pa. | 1.06 | 1,886 | 1,778 | 1.08 |
| M&F Bancorp Inc. Holly Springs, Miss. | 1.06 | 457 | 431 | 2.29 | |
| 70 | MetLife Inc. New York | 1.05 | 946,134 | 898,966 | 0.68 |
| International Bancshares Corp. Laredo, Tex. | 1.05 | 33,049 | 31,421 | 1.23 | |
| WNB Bancshares Inc. Odessa, Tex. | 1.05 | 3,780 | 3,600 | 1.85 | |
| Delta Bancshares Co. St. Louis | 1.05 | 1,679 | 1,601 | 0.81 | |
| Montecito Bancorp Santa Barbara, Calif. | 1.05 | 3,240 | 3,098 | 1.65 | |
| Tennessee Commerce Bancorp Inc. Franklin | 1.05 | 1,846 | 1,766 | 0.73 | |
| 76 | Plains Bancorp Inc. Dimmitt, Tex. | 1.04 | 2,733 | 2,627 | 1.42 |
| Sierra Bancorp Porterville, Calif. | 1.04 | 4,564 | 4,408 | 1.42 | |
| 78 | Cascade Financial Corp. Everett, Wash. | 1.03 | 3,634 | 3,520 | 0.95 |
| First Artesia Bancshares Inc. N.M. | 1.03 | 2,900 | 2,814 | 2.20 | |
| 80 | First Midwest Bancorp Inc. Itasca, Ill. | 1.02 | 26,997 | 26,368 | 1.32 |
| Porter Bancorp Inc. Louisville | 1.02 | 3,973 | 3,892 | 1.02 | |
| Bank of Hawaii Corp. Honolulu | 1.02 | 48,282 | 47,512 | 1.84 | |
| 83 | Southern Utah Bancorp. Cedar City | 1.01 | 2,290 | 2,266 | 1.53 |
| First Financial Banc Corp. El Dorado, Ark. | 1.01 | 3,350 | 3,316 | 2.29 | |
| 85 | United Bancshares Inc. Columbus Grove, Ohio | 1.00 | 1,749 | 1,743 | 1.12 |
| Lone Star National Bancshares-Texas Inc. Pharr | 1.00 | 4,381 | 4,370 | 1.06 | |
| Olney Bancshares of Texas Inc. | 1.00 | 4,937 | 4,939 | 1.21 | |
| 88 | Palm Bancorp Palmerton, Pa. | 0.99 | 1,641 | 1,661 | 1.16 |
| Southeast Bancshares Inc. Chanute, Kan. | 0.99 | 898 | 911 | 1.39 | |
| 90 | Heartland Bancorp Inc. Bloomington, Ill. | 0.98 | 5,423 | 5,526 | 1.61 |
| Wilshire Bancorp Inc. Los Angeles | 0.98 | 7,430 | 7,610 | 1.29 | |
| Midland Financial Corp. Casper, Wyo. | 0.98 | 2,105 | 2,157 | 1.93 | |
| 93 | Suburban Illinois Bancorp Inc. Elmhurst | 0.97 | 2,760 | 2,832 | 1.68 |
| First BanCorp. San Juan, Puerto Rico | 0.97 | 32,994 | 34,024 | 0.72 | |
| Southside Bancshares Inc. Tyler, Tex. | 0.97 | 8,531 | 8,802 | 1.53 | |
| 96 | San Joaquin Bancorp Bakersfield, Calif. | 0.96 | 2,643 | 2,748 | 1.18 |
| Jeff Davis Bancshares Inc. Jennings, La. | 0.96 | 1,944 | 2,022 | 1.63 | |
| Blackhawk Bancorp. Inc. Milan, Ill. | 0.96 | 1,947 | 2,033 | 0.89 | |
| First Security Bankshares Inc. Lavonia, Ga. | 0.96 | 1,308 | 1,366 | 1.60 | |
| Durant Bancorp Inc. Okla. | 0.96 | 7,935 | 8,300 | 1.69 | |
| Commonwealth Bankshares Inc. Norfolk, Va. | 0.96 | 2,403 | 2,514 | 1.05 | |
| American River Bankshares Rancho Cordova, Calif. | 0.96 | 1,981 | 2,073 | 1.38 | |
| 103 | FSB Mutual Holdings Inc. Perkasie, Pa. | 0.95 | 2,199 | 2,324 | 0.82 |
| Orrstown Financial Services Inc. Shippensburg, Pa. | 0.95 | 3,603 | 3,811 | 1.57 | |
| 105 | Neighbor Insurance Agency Inc. Marion, Iowa | 0.94 | 1,932 | 2,058 | 1.47 |
| Villages Bancorp. Inc. The Villages, Fla. | 0.94 | 2,667 | 2,842 | 1.00 | |
| Gulfstream Bancshares Inc. Stuart, Fla. | 0.94 | 1,338 | 1,427 | 0.96 | |
| Smithtown Bancorp Inc. Hauppauge, N.Y. | 0.94 | 3,951 | 4,222 | 1.11 | |
| 109 | Stockman Financial Corp. Miles City, Mont. | 0.93 | 5,181 | 5,542 | 1.40 |
| FirstBank Holding Co. Lakewood, Colo. | 0.93 | 34,372 | 36,797 | 1.51 | |
| Westamerica Bancorp. San Rafael, Calif. | 0.93 | 12,202 | 13,065 | 1.15 | |
| Banterra Corp Eldorado, Ill. | 0.93 | 3,652 | 3,929 | 1.44 | |
| 113 | PNC Financial Services Group Inc. Pittsburgh | 0.92 | 504,916 | 547,491 | 1.43 |
| Pinnacle Financial Corp. Elberton, Ga. | 0.92 | 2,447 | 2,659 | 1.79 | |
| Parkway Bancorp Inc. Harwood Heights, Ill. | 0.92 | 3,834 | 4,168 | 0.68 | |
| Tennessee State Bancshares Inc. Pigeon Forge | 0.92 | 2,477 | 2,693 | 1.50 | |
| NEB Corp. Fond Du Lac, Wis. | 0.92 | 4,263 | 4,636 | 1.32 | |
| 118 | Broadway Bancshares Inc. San Antonio | 0.91 | 8,787 | 9,651 | 1.97 |
| Arrow Financial Corp. Glens Falls, N.Y. | 0.91 | 5,436 | 5,996 | 1.34 | |
| 120 | Suffolk Bancorp Riverhead, N.Y. | 0.90 | 5,714 | 6,320 | 1.47 |
| First Bancorp. of Durango Inc. Inverness, Ill. | 0.90 | 1,885 | 2,086 | 1.53 | |
| Citizens National Banc Corp. Meridian, Miss. | 0.90 | 4,030 | 4,471 | 1.43 | |
| Eagle Financial Services Inc. Berryville, Va. | 0.90 | 2,081 | 2,321 | 1.61 | |
| 124 | Guaranty Bancshares Inc. Mount Pleasant, Tex. | 0.89 | 2,490 | 2,788 | 1.57 |
| Glacier Bancorp Inc. Kalispell, Mont. | 0.89 | 18,459 | 20,686 | 1.50 | |
| RCB Holding Co. Inc. Claremore, Okla. | 0.89 | 5,280 | 5,918 | 1.76 | |
| 127 | Forcht Bancorp Inc. Lexington, Ky. | 0.88 | 3,431 | 3,881 | 1.40 |
| Starion Bancorp. Bismarck, N.D. | 0.88 | 1,989 | 2,255 | 1.38 | |
| American Bank Holding Corp. Corpus Christi | 0.88 | 4,141 | 4,697 | 1.90 | |
| Sunflower Banks Inc. Salina, Kan. | 0.88 | 6,530 | 7,419 | 1.64 | |
| United Bancorp. Osseo, Wis. | 0.88 | 2,029 | 2,315 | 1.16 | |
| Sturm Financial Group Inc. Denver | 0.88 | 7,268 | 8,297 | 1.34 | |
| United Bank Corp. Barnesville, Ga. | 0.88 | 3,359 | 3,837 | 2.06 | |
| 134 | Security Holding Co. Fredericksburg, Tex. | 0.87 | 2,553 | 2,919 | 1.74 |
| First South Bancorp Inc. Washington, N.C. | 0.87 | 3,012 | 3,452 | 1.31 | |
| First New Mexico Financial Corp. Deming | 0.87 | 978 | 1,121 | 1.23 | |
| First Bancshares Inc. Whiting, Ind. | 0.87 | 7,079 | 8,125 | 1.57 | |
| National Penn Bancshares Inc. Boyertown, Pa. | 0.87 | 27,214 | 31,297 | 1.20 | |
| Frandsen Financial Corp. Arden Hills, Minn. | 0.87 | 4,892 | 5,632 | 1.40 | |
| NBT Bancorp Inc. Norwich, N.Y. | 0.87 | 14,657 | 16,905 | 1.12 | |
| Center Financial Corp. Los Angeles | 0.87 | 5,279 | 6,098 | 0.99 | |
| 142 | Mackinac Financial Corp. Manistique, Mich. | 0.86 | 1,769 | 2,052 | 1.69 |
| 143 | Ironhorse Financial Group Inc. Muskogee, Okla. | 0.85 | 4,404 | 5,151 | 2.24 |
| Citizens Holding Co. Philadelphia, Miss. | 0.85 | 2,475 | 2,907 | 1.42 | |
| Farmers and Merchants Bancorp Lodi, Calif. | 0.85 | 5,962 | 7,031 | 1.54 | |
| 146 | Virginia Commerce Bancorp Inc. Arlington | 0.84 | 4,921 | 5,854 | 0.76 |
| Bank of Marin Bancorp Novato, Calif. | 0.84 | 3,386 | 4,035 | 1.47 | |
| 148 | Citco Community Bancshares Inc. Elizabethton, Tenn. | 0.83 | 1,871 | 2,242 | 1.21 |
| Penns Woods Bancorp Inc. Williamsport, Pa. | 0.83 | 2,057 | 2,469 | 1.30 | |
| Cameron Bancshares Inc. Lake Charles, La. | 0.83 | 2,285 | 2,746 | 1.51 | |
Note: Only domestic holding companies that file Y-9C reports are included. Based on filings by top tier bank holding companies with the Federal Reserve.
Source: SNL Financial, Charlottesville, Va.
© 2008 American Banker