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Banking Companies with Highest Multiples of Net Income to Salary, Benefits

March 03, 2010, 2:54 p.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 Sept. 30, 2009. Dollars in thousands
Published March 4, 2010
Rank   Multiple Net income Salary and
benefits		 Return on
average assets
1 SBT Bancshares Inc. Dallas 40.62 $30,059 $740 18.32%
2 Central Bancorp Inc. Garland, Texas 26.25 167,933 6,398 28.68
3 NRBC Holding Corp. Chicago 10.46 10,330 988 3.42
4 First Financial Bancorp. Cincinnati 10.26 226,187 22,051 20.12
5 West Bancorp. Inc. West Des Moines 3.65 1,905 522 0.50
6 Discover Financial Services Riverwoods, Ill. 2.94 606,868 206,178 5.63
7 First Citizens Bancorp. Inc. Columbia, S.C. 2.79 77,692 27,816 4.44
8 Oriental Financial Group Inc. San Juan, Puerto Rico 2.64 21,328 8,073 1.31
9 Amboy Bancorp. Old Bridge, N.J. 2.54 8,270 3,258 1.19
10 Great Southern Bancorp Inc. Springfield, Mo. 2.50 27,565 11,040 3.34
11 Briscoe Ranch Inc. Uvalde, Texas 2.34 4,516 1,932 2.77
12 Hometown Community Bancorp Inc. Morton, Ill. 2.32 13,701 5,917 2.43
13 United Bank Corp. Barnesville, Ga. 2.20 9,386 4,260 4.35
14 New York Community Bancorp Inc. Westbury 2.14 98,573 46,092 1.20
15 Waupaca Bancorp. Inc. Wis. 1.83 2,975 1,630 1.73
16 Parke Bancorp Inc. Sewell, N.J. 1.78 1,694 954 1.04
17 Inwood Bancshares Inc. Dallas 1.77 6,037 3,417 1.84
18 First Independent Investment Group Inc. Vancouver, Wash. 1.76 7,827 4,449 3.19
Citizens Bankshares Inc. Farmington, N.M. 1.76 3,025 1,720 2.21
20 Chambers Bancshares Inc. Danville, Ark. 1.74 3,051 1,754 1.61
21 Charter Bankshares Inc. Eau Claire, Wis. 1.58 2,280 1,446 1.25
22 Armed Forces Benefit Association Alexandria, Va. 1.57 9,210 5,849 7.12
23 Bank of Southside Virginia Corp. Carson 1.56 2,583 1,658 1.93
24 Westamerica Bancorp. San Rafael, Calif. 1.54 25,257 16,402 1.99
25 Olney Bancshares of Texas Inc. 1.50 6,469 4,315 1.66
26 Fidelity Holding Co. Minnetonka, Minn. 1.49 1,523 1,023 1.67
Franklin Resources Inc. San Mateo, Calif. 1.49 367,356 246,773 15.68
United National Corp. Sioux Falls, S.D. 1.49 57,448 38,679 14.24
29 Capitol Bancorp. Inc. Britton, S.D. 1.46 2,924 2,001 1.88
30 Plains Bancorp Inc. Lubbock 1.43 4,191 2,930 2.01
31 United Community Bancorp Inc. Chatham, Ill. 1.42 3,270 2,300 1.65
32 Stockman Financial Corp. Miles City, Mont. 1.39 8,671 6,252 2.09
33 Prosperity Bancshares Inc. Houston 1.36 29,322 21,507 1.32
CentraBanc Corp. Waco, Texas 1.36 2,198 1,616 1.59
National Bankshares Inc. Blacksburg, Va. 1.36 3,780 2,784 1.55
36 Cameron Bancshares Inc. Lake Charles, La. 1.34 3,070 2,283 1.78
37 Manhattan Banking Corp. Kan. 1.30 2,340 1,794 1.39
38 Amarillo National Bancorp Inc. Texas 1.28 13,284 10,340 2.03
39 Hyde Park Bancorp MHC Mass. 1.26 1,877 1,494 0.86
Industry Bancshares Inc. Texas 1.26 3,880 3,090 1.49
41 Choice Financial Holdings Inc. Grafton, N.D. 1.25 2,539 2,029 1.77
Palm Bancorp Palmerton, Pa. 1.25 2,151 1,724 1.42
New Mexico Banquest Corp. Santa Fe 1.25 3,562 2,856 2.12
44 CVB Financial Corp. Ontario, Calif. 1.24 19,321 15,618 1.18
45 First NBC Bank Holding Co. New Orleans 1.23 1,648 1,335 0.64
Ida Grove Bancshares Inc. Iowa 1.23 3,674 2,995 1.33
47 Bank of the Ozarks Inc. Little Rock 1.21 9,469 7,824 1.30
48 Porter Bancorp Inc. Louisville 1.19 4,536 3,799 1.08
49 Rockhold Bancorp Kirksville, Mo. 1.17 946 812 0.82
50 First Paragould Bankshares Inc. Ark. 1.16 2,057 1,766 1.29
51 Heartland Bancorp Inc. Bloomington, Ill. 1.15 5,778 5,009 1.63
First Citizens Financial Corp. Mason City, Iowa 1.15 3,666 3,183 1.40
53 First Financial Bankshares Inc. Abilene, Texas 1.14 13,986 12,272 1.85
Citizens Bancshares Inc. Bluffton, Ohio 1.14 2,190 1,922 1.55
FirstBank Holding Co. Lakewood, Colo. 1.14 37,621 33,036 1.57
56 Nodaway Valley Bancshares Inc. Maryville, Mo. 1.11 2,607 2,345 1.56
Weststar Bank Holding Co. Inc. El Paso 1.11 3,334 3,002 1.68
58 City Holding Co. Charleston, W.Va. 1.09 10,496 9,623 1.60
59 Montecito Bancorp Santa Barbara, Calif. 1.08 3,866 3,578 1.68
Mackinac Financial Corp. Manistique, Mich. 1.08 1,721 1,593 1.35
61 Bar Harbor Bankshares Maine 1.07 3,105 2,895 1.17
62 Ambank Co. Inc. Sioux Center, Iowa 1.06 2,086 1,977 1.18
63 International Bancshares Corp. Laredo, Texas 1.05 36,973 35,315 1.33
64 Camden National Corp. Maine 1.04 6,328 6,073 1.11
65 American National Corp. Omaha 1.03 6,462 6,252 1.55
First Keystone Corp. Berwick, Pa. 1.03 2,086 2,023 1.13
Pinnacle Bancorp Inc. Central City, Neb. 1.03 21,601 20,983 1.62
Southside Bancshares Inc. Tyler, Texas 1.03 10,497 10,219 1.49
69 FirstPerryton Bancorp Inc. Texas 1.02 2,853 2,803 1.71
70 First Citizens BancShares Inc. Raleigh 1.01 82,467 81,520 1.84
First Bancorp Inc. Damariscotta, Maine 1.01 2,890 2,860 0.86
Carbon County Holding Co. Rawlins, Wyo. 1.01 1,074 1,063 2.60
73 Midland States Bancorp Inc. Effingham, Ill. 1.00 2,493 2,494 0.94
Citizens Financial Services Inc. Mansfield, Pa. 1.00 2,388 2,394 1.35
FSB Mutual Holdings Inc. Perkasie, Pa. 1.00 2,766 2,774 1.02
NEB Corp. Fond Du Lac, Wis. 1.00 $4,330 $4,350 1.19
77 First Bancorp Troy, N.C. 0.99 11,376 11,450 1.29
Hometown Banc Corp. Grand Island, Neb. 0.99 2,152 2,170 1.24
79 Magnolia Banking Corp. Ark. 0.98 2,026 2,057 1.27
80 Sunflower Financial Inc. Salina, Kan. 0.97 6,817 7,059 1.57
81 Peotone Bancorp Inc. Ill. 0.96 1,072 1,112 0.95
Penseco Financial Services Corp. Scranton, Pa. 0.96 3,095 3,224 1.44
Ames National Corp. Iowa 0.96 2,574 2,693 1.17
84 LSB Corp. North Andover, Mass. 0.95 1,561 1,643 0.79
85 American Bancorp. Inc. Sapulpa, Okla. 0.91 2,451 2,683 1.46
Traditional Bancorp. Inc. Mount Sterling, Ky. 0.91 2,306 2,529 1.00
First Financial Banc Corp. El Dorado, Ark. 0.91 3,039 3,351 1.93
First New Mexico Financial Corp. Deming 0.91 1,058 1,167 1.21
Home Bancshares Inc. Conway, Ark. 0.91 7,239 7,987 1.13
90 Orrstown Financial Services Inc. Shippensburg, Pa. 0.90 3,880 4,293 1.38
Southeast Bancshares Inc. Chanute, Kan. 0.90 862 954 1.29
Security National Corp. Omaha 0.90 2,703 3,002 1.72
Guaranty Bancshares Inc. Mount Pleasant, Texas 0.90 2,860 3,192 1.44
94 Cummins-American Corp. Glenview, Ill. 0.89 2,988 3,340 1.17
Hills Bancorp. Iowa 0.89 4,734 5,307 1.04
First Artesia Bancshares Inc. Artesia, N.M. 0.89 3,019 3,405 1.72
First Breckinridge Bancshares Inc. Irvington, Ky. 0.89 1,783 2,012 1.16
98 WNB Bancshares Inc. Odessa, Texas 0.88 3,046 3,442 1.23
Big Sandy Holding Co. Longmont, Colo. 0.88 2,267 2,568 0.71
100 Texas Independent Bancshares Inc. Texas City 0.87 2,856 3,297 1.60
1st Summit Bancorp of Johnstown Inc. Pa. 0.87 1,431 1,653 0.95
102 Stearns Financial Services Inc. St. Cloud, Minn. 0.86 5,088 5,945 1.51
Iberiabank Corp. Lafayette, La. 0.86 24,952 29,162 1.63
Harleysville Savings Financial Corp. Pa. 0.86 1,283 1,500 0.62
105 Independent Alliance Banks Inc. Fort Wayne, Ind. 0.85 2,412 2,829 1.10
Jeff Davis Bancshares Inc. Jennings, La. 0.85 1,791 2,119 1.47
107 BCB Bancorp Inc. Bayonne, N.J. 0.84 1,211 1,438 0.78
Bank of Marin Bancorp Novato, Calif. 0.84 3,601 4,286 1.30
Suffolk Bancorp Riverhead, N.Y. 0.84 6,028 7,189 1.43
First Bancorp Inc. Lebanon, Va. 0.84 2,826 3,380 1.08
111 Midland Financial Corp. Casper, Wyo. 0.83 1,848 2,231 1.59
112 First Farmers Financial Corp. Converse, Ind. 0.82 2,055 2,507 1.19
Farmers and Merchants Bankshares Inc. Stuttgart, Ark. 0.82 1,823 2,230 1.32
114 West Tennessee Bancshares Inc. Bartlett 0.81 1,650 2,040 1.51
Merchants and Southern Banks of Florida Inc. Gainesville 0.81 1,024 1,268 1.05
116 RCB Holding Co. Inc. Claremore, Okla. 0.79 4,628 5,875 1.37
117 Valley National Bancorp Wayne, N.J. 0.78 31,582 40,490 0.89
Farmers and Merchants Bancorp Lodi, Calif. 0.78 6,178 7,940 1.39
Merchants Bancshares Inc. South Burlington, Vt. 0.78 3,714 4,783 1.07
120 Citizens Bancshares of Batesville Inc. Ark. 0.77 1,445 1,870 1.16
Falcon Bancshares Inc. Laredo, Texas 0.77 2,523 3,281 1.10
122 Bank of Hawaii Corp. Honolulu 0.76 36,471 47,993 1.22
First of Long Island Corp. Glen Head, N.Y. 0.76 3,905 5,171 1.08
124 Liberty Bancshares Inc. Springfield, Mo. 0.75 2,530 3,356 1.07
S&T Bancorp Inc. Indiana, Pa. 0.75 9,258 12,284 0.88
Arrow Financial Corp. Glens Falls, N.Y. 0.75 5,062 6,727 1.14
Park National Corp. Newark, Ohio 0.75 19,199 25,589 1.10
Reliable Community Bancshares Inc. Perryville, Mo. 0.75 2,118 2,823 1.15
American State Financial Corp. Lubbock 0.75 6,980 9,315 1.22
UFS Bancorp Whitinsville, Mass. 0.75 1,768 2,361 0.88
Banterra Corp. Eldorado, Ill. 0.75 3,078 4,121 1.15
Clayton Bancorp Inc. Knoxville, Tenn. 0.75 1,494 2,005 0.72
133 Independent Bank Group Inc. McKinney, Texas 0.74 2,649 3,560 1.24
Penns Woods Bancorp Inc. Williamsport, Pa. 0.74 1,922 2,588 1.14
CCB Financial Corp. Kansas City, Mo. 0.74 6,280 8,504 2.97
Security Bancorp of Tennessee Inc. Halls 0.74 1,181 1,600 1.31
137 Citizens Bank Holding Inc. Mukwonago, Wis. 0.73 1,546 2,105 1.00
Lakeland Financial Corp. Warsaw, Ind. 0.73 5,268 7,219 0.86
First National Security Co. Hot Springs, Ark. 0.73 1,698 2,332 0.84
MidCarolina Financial Corp. Burlington, N.C. 0.73 947 1,301 0.69
First State Bancshares Inc. Farmington, Mo. 0.73 3,178 4,376 1.27
142 Hudson Valley Holding Corp. Yonkers, N.Y. 0.72 6,898 9,540 1.08
Cashmere Valley Financial Corp. Wash. 0.72 2,254 3,118 0.86
Longview Financial Corp. Texas 0.72 3,230 4,479 1.12
First Guaranty Bancshares Inc. Hammond, La. 0.72 1,932 2,681 0.83
CCFNB Bancorp Inc. Bloomsburg, Pa. 0.72 1,461 2,029 1.01
215 Holding Co. Minneapolis 0.72 1,266 1,767 1.21
148 AFNB Holdings Inc. Houston 0.71 1,458 2,041 0.78
Solvay Bank Corp. N.Y. 0.71 1,417 1,988 1.04
LCNB Corp. Lebanon, Ohio 0.71 2,042 2,880 1.11
First Community Bancshares Inc. Batesville, Ark. 0.71 1,506 2,127 0.99
152 Northstar Financial Corp. Denton, Texas 0.70 1,935 2,773 1.05
153 Capital Bank Corp. Raleigh 0.69 3,544 5,128 0.82
Red River Bancshares Inc. Alexandria, La. 0.69 2,035 2,951 1.08
Security National Corp. Dakota Dunes, S.D. 0.69 2,907 4,221 1.06
156 First Security Bancorp Searcy, Ark. 0.68 13,432 19,664 1.76
Independence Bancshares Inc. Owensboro, Ky. 0.68 2,309 3,389 1.09
158 Valley Financial Corp. Roanoke, Va. 0.67 1,313 1,958 0.75
Mid Illinois Bancorp Inc. Peoria 0.67 1,352 2,019 0.94
USAmeriBancorp Inc. Largo, Fla. 0.67 1,423 2,137 0.77
Wintrust Financial Corp. Lake Forest, Ill. 0.67 31,995 48,088 1.08
162 Summit Bancorp Inc. Arkadelphia, Ark. 0.66 2,588 3,908 0.96
American National Bankshares Inc. Danville, Va. 0.66 2,167 3,277 1.07
U.S. Bancorp Minneapolis 0.66 603,000 912,000 0.91
One American Corp. Vacherie, La. 0.66 1,955 2,968 1.10
ESB Bancorp MHC Easthampton, Mass. 0.66 1,615 2,458 0.80
167 Tennessee State Bancshares Inc. Pigeon Forge 0.65 1,802 2,759 0.97
Villages Bancorp. Inc. The Villages, Fla. 0.65 1,413 2,169 0.51
Sabine Bancshares Inc. Many, La. 0.65 2,320 3,562 1.49
First Financial Corp. Terre Haute, Ind. 0.65 6,890 10,617 1.13
Capital One Financial Corp. McLean, Va. 0.65 425,639 659,479 0.98
172 Citizens Bancorp Investment Inc. Lafayette, Tenn. 0.64 1,133 1,757 0.97
Bridge Bancorp Inc. Bridgehampton, N.Y. 0.64 2,320 3,614 1.13
West Alabama Capital Corp. Reform 0.64 1,202 1,882 0.88
NBT Bancorp Inc. Norwich, N.Y. 0.64 13,578 21,273 1.00
Durant Bancorp Inc. Okla. 0.64 5,737 9,023 1.10
177 Commercial Holding Co. Paris, Tenn. 0.63 1,531 2,413 1.01
Nara Bancorp Inc. Los Angeles 0.63 3,942 6,238 0.49
Lakeside Bancorp Inc. Chicago 0.63 1,309 2,075 0.48
National Bancorp Inc. Schaumburg, Ill. 0.63 1,259 1,997 0.83
Wilber Corp. Oneonta, N.Y. 0.63 2,734 4,343 1.16
182 Wilson Bank Holding Co. Lebanon, Tenn. 0.62 3,162 5,077 0.88
Peoplesbancorp MHC Holyoke, Mass. 0.62 2,802 4,503 0.75
Tompkins Financial Corp. Ithaca, N.Y. 0.62 8,459 13,605 1.13
Neighbor Insurance Agency Inc. Marion, Iowa 0.62 1,236 1,996 0.86
Canandaigua National Corp. N.Y. 0.62 4,264 6,894 1.13
Security Holding Co. Fredericksburg, Texas 0.62 1,818 2,943 1.21
United Bankshares Inc. Charleston, W.Va. 0.62 12,065 19,553 0.61
189 Cullen/Frost Bankers Inc. San Antonio 0.61 44,699 72,682 1.12
First York Ban Corp. Neb. 0.61 2,744 4,469 1.36
Commerce Bancshares Corp. Worcester, Mass. 0.61 2,676 4,371 1.01
Center Bancorp Inc. Union, N.J. 0.61 1,535 2,529 0.46
Austin Bancorp Inc. Jacksonville, Texas 0.61 3,369 5,554 1.29
Cambridge Financial Group Inc. Mass. 0.61 4,185 6,909 0.77
University Financial Corp Inc. St. Paul 0.61 1,781 2,942 1.35
196 Commerce Bancshares Inc. Kansas City, Mo. 0.60 51,649 86,224 1.18
Trustmark Corp. Jackson, Miss. 0.60 25,510 42,629 1.08
Goldman Sachs Group Inc. New York 0.60 3,188,000 5,351,000 1.44
199 Bank of Commerce Holdings Redding, Calif. 0.59 1,713 2,902 0.85
Central Community Corp. Temple, Texas 0.59 2,420 4,101 0.93

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. Figures for prior periods are not adjusted for mergers and acquisitions. Rankings include only companies current as of Jan. 28, 2010.

Source:

SNL Financial
, Charlottesville, Va.
© 2010 American Banker

Compensation