Most Efficient Bank Holding Companies
December 10, 2003, 10:08 a.m. EST 1 Min Read
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Most Efficient Bank Holding Companies
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Published December 10, 2003 | |||||||
Related Table: Most Improved in Efficiency and Noninterest Expenses | |||||||
Efficiency ratio** | Noninterest expense | June 30 Assets | |||||
2Q '03 | Yr. earlier | 2Q '03 | Yr. earlier | Change | |||
1 | First Financial Holdings Renton, Wash. | 19.80% | NA | $1,406 | NA | NA | $710,241 |
2 | Hudson City MHC Paramus, N.J. | 24.75 | 24.66% | 50,433 | $47,235 | 6.77% | 15,456,332 |
3 | New York Community Bancorp Inc. Westbury | 27.28 | 32.19 | 70,855 | 69,939 | 1.31 | 12,447,098 |
4 | Amboy Bancorp Old Bridge, N.J. | 29.03 | 36.64 | 13,712 | 15,258 | -10.13 | 2,193,102 |
5 | West Bancorp Inc. W Des Moines | 29.97 | 30.14 | 5,786 | 5,676 | 1.94 | 862,874 |
6 | Fidelity Bancshares Inc. Edina, Minn. | 30.28 | 42.79 | 3,026 | 2,778 | 8.93 | 692,883 |
7 | Intervest Bancshares Corp. New York | 30.81 | 35.83 | 3,663 | 3,142 | 16.58 | 749,777 |
8 | SBC Inc. Countryside, Ill. | 32.27 | 33.04 | 5,558 | 5,200 | 6.88 | 720,947 |
9 | W Holding Co. Mayaguez, Puerto Rico | 32.3 | 39.56 | 39,134 | 34,394 | 13.78 | 9,498,936 |
10 | Doral Financial Corp. San Juan, Puerto Rico | 35.02 | 36.78 | 90,223 | 64,299 | 40.32 | 9,396,446 |
11 | ITLA Capital Corp. La Jolla, Calif. | 35.11 | NA | 19,862 | NA | NA | 1,564,929 |
12 | North Fork Bancorp Melville, N.Y. | 35.93 | 32.41 | 175,835 | 155,363 | 13.18 | 22,528,207 |
13 | Bank of Highland Park Financial Ill. | 36.43 | 31.88 | 3,891 | 3,390 | 14.78 | 670,070 |
14 | GreenPoint Financial Corp. New York | 37.09 | 34.36 | 247,201 | 203,826 | 21.28 | 22,676,612 |
15 | Bankfirst Corp. Sioux Falls, S.D. | 38.16 | 38.31 | 45,917 | 65,866 | -30.29 | 801,860 |
16 | Cathay Bancorp Inc. Los Angeles | 38.67 | 36.09 | 23,362 | 21,319 | 9.58 | 3,012,630 |
17 | Corus Bankshares Inc. Chicago | 38.85 | 40.28 | 25,048 | 23,971 | 4.49 | 2,887,176 |
18 | WestAmerica Bancorp San Rafael, Calif. | 39.62 | 41.3 | 51,011 | 51,602 | -1.15 | 4,566,825 |
19 | City National Bancshares Miami | 40.08 | 42.37 | 22,456 | 21,737 | 3.31 | 2,319,272 |
20 | Royal Bancshares of Pennsylvania Narberth | 40.13 | 41.69 | 8,631 | 8,686 | -0.63 | 1,195,829 |
21 | Frontier Financial Corp. Everett, Wash. | 40.94 | 40.12 | 22,386 | 20,195 | 10.85 | 2,060,447 |
22 | Stearns Financial Services St. Cloud, Minn. | 41.31 | 43.41 | 12,851 | 13,550 | -5.16 | 944,633 |
23 | Northern Empire Bancshares Santa Rosa, Calif. | 41.93 | 39.95 | 6,669 | 5,384 | 23.87 | 756,885 |
24 | S & T Bancorp Inc. Indiana, Pa. | 42.08 | 43.28 | 28,169 | 24,444 | 15.24 | 2,898,600 |
25 | Park National Corp. Newark, Ohio | 43.65 | 44.44 | 60,559 | 57,556 | 5.22 | 5,002,480 |
26 | Bank of Granite Corp. Granite Falls, N.C. | 43.92 | 42.74 | 11,548 | 9,826 | 17.52 | 811,361 |
27 | UCBH Holdings Inc. San Francisco | 44.06 | 45.41 | 37,710 | 28,265 | 33.42 | 5,155,420 |
28 | Horizon Financial Corp Bellingham, Wash. | 44.56 | 47.76 | 8,915 | 7,944 | 12.22 | 822,834 |
29 | Ocean Bankshares Inc. Miami | 44.96 | 44.24 | 46,750 | 45,510 | 2.72 | 4,218,859 |
30 | East West Bancorp Inc. San Marino, Calif. | 45.05 | 45.18 | 36,842 | 31,469 | 17.07 | 3,602,132 |
31 | Fifth Third Bancorp Cincinnati | 45.09 | 43.96 | 1,175,915 | 1,027,878 | 14.4 | 88,974,290 |
32 | MBT Financial Corp. Monroe, Mich. | 45.27 | 40.81 | 14,799 | 13,137 | 12.65 | 1,428,904 |
33 | Great Southern Bancorp Inc. Springfield, Mo. | 45.42 | 42.31 | 16,574 | 14,106 | 17.5 | 1,443,693 |
34 | Bank of the Ozarks Inc. Little Rock | 45.62 | 47.02 | 14,508 | 11,694 | 24.06 | 1,194,463 |
35 | Valley View Bancshares Inc. Overland Park, Kan. | 45.73 | 46.51 | 25,220 | 26,269 | -3.99 | 2,378,385 |
36 | INB Financial Corp. McAllen, Tex. | 46.21 | 47.15 | 7,414 | 6,124 | 21.06 | 761,996 |
37 | Parkway Bancorp Inc. Harwood Heights, Ill. | 46.22 | 45.1 | 13,365 | 13,046 | 2.45 | 1,520,430 |
38 | Southern Financial Bancorp Warrenton, Va. | 46.28 | 45.39 | 10,624 | 8,702 | 22.09 | 1,105,375 |
39 | R&G Financial Corp. San Juan, Puerto Rico | 46.44 | 44.34 | 78,273 | 53,529 | 46.23 | 7,256,132 |
40 | Lauritzen Corp. Omaha | 46.49 | 50.23 | 21,075 | 20,129 | 4.7 | 1,150,403 |
41 | Pacific Capital Bancorp Santa Barbara, Calif. | 46.61 | 44.56 | 83,185 | 71,877 | 15.73 | 4,538,463 |
42 | Ames National Corp. Iowa | 46.73 | 41.88 | 7,283 | 6,241 | 16.7 | 741,724 |
43 | CVB Financial Corp. Ontario, Calif. | 46.95 | 46.87 | 38,251 | 33,685 | 13.55 | 3,513,011 |
44 | Associated Banc-Corp Green Bay, Wis. | 47.26 | 48.66 | 177,457 | 168,083 | 5.58 | 15,266,167 |
45 | Cascade Bancorp Bend, Ore. | 47.75 | 48.79 | 11,514 | 10,135 | 13.61 | 685,653 |
46 | International Bancshares Corp. Laredo, Tex. | 47.87 | 54.38 | 80,519 | 83,969 | -4.11 | 6,771,981 |
47 | NSB Holding Corp. Ithaca, N.Y. | 47.98 | 38.54 | 10,282 | 6,223 | 65.23 | 1,436,800 |
48 | First South Bancorp Inc. Washington, N.C. | 48.09 | 50.01 | 8,780 | 7,605 | 15.45 | 663,272 |
49 | Valley National Bancorp Wayne, N.J. | 48.58 | 43.89 | 110,081 | 92,002 | 19.65 | 9,506,570 |
50 | Mercantile Bankshares Corp. Baltimore | 48.59 | 46.16 | 146,830 | 134,121 | 9.48 | 11,496,301 |
51 | Commercial Bankshares Inc. Miami | 48.6 | 51.78 | 7,332 | 7,422 | -1.21 | 752,938 |
52 | National Bankshares Inc. Blacksburg, Va. | 48.65 | 50.85 | 8,802 | 8,640 | 1.88 | 707,381 |
53 | Prosperity Bancshares Inc. Houston | 48.77 | 49.47 | 19,790 | 14,712 | 34.52 | 1,983,277 |
54 | Republic Bancorp Inc. Louisville | 48.82 | 57.58 | 31,286 | 26,235 | 19.25 | 1,848,613 |
First Bancorp San Juan, Puerto Rico | 48.82 | 39.75 | 79,260 | 64,066 | 23.72 | 9,934,314 | |
56 | First Citizens Financial Corp. Mason City, Iowa | 48.85 | 48.31 | 7,071 | 6,729 | 5.08 | 758,075 |
57 | Central Pacific Financial Honolulu | 49.04 | 52.02 | 25,730 | 26,009 | -1.07 | 2,088,940 |
58 | Trinity Capital Corp. Los Alamos, N.M. | 49.08 | 49.83 | 12,041 | 9,211 | 30.72 | 973,292 |
59 | Texas Regional Bancshares McAllen | 49.25 | 46.02 | 45,724 | 37,677 | 21.36 | 4,074,954 |
60 | National City Corp. Cleveland | 49.3 | 53.96 | 2,031,047 | 1,846,145 | 10.02 | 123,422,252 |
61 | Hudson Valley Holding Corp. Yonkers, N.Y. | 49.32 | 41.42 | 16,330 | 14,840 | 10.04 | 1,603,918 |
62 | West Suburban Bancorp Inc. Lombard, Ill. | 49.58 | 52.7 | 19,471 | 18,454 | 5.51 | 1,674,807 |
FirstMerit Corp. Akron, Ohio | 49.58 | 46.46 | 149,628 | 138,805 | 7.8 | 10,673,905 | |
64 | FirstBank Holding Co. Lakewood, Colo. | 49.65 | 47.18 | 82,678 | 79,162 | 4.44 | 6,535,377 |
65 | Heartland Bancorp Inc. Bloomington, Ill. | 49.67 | 58.69 | 9,517 | 8,040 | 18.37 | 667,134 |
66 | Hershenhorn Bancorp. Palatine, Ill. | 49.69 | 31.34 | 6,290 | 5,938 | 5.93 | 675,237 |
67 | United National Corp. Sioux Falls, S.D. | 49.83 | 34.58 | 130,366 | 110,649 | 17.82 | 979,581 |
68 | Republic First Bancorp Inc. Philadelphia | 49.91 | 61.88 | 9,376 | 8,753 | 7.12 | 658,886 |
69 | Inwood Bancshares Inc. Dallas | 49.94 | 50.74 | 8,716 | 8,703 | 0.15 | 722,781 |
70 | Mercantile Bank Corp. Wyoming, Mich. | 49.96 | 49.98 | 8,390 | 6,046 | 38.77 | 1,034,774 |
71 | Farmers and Merchants Bancorp Archbold, Ohio | 50.16 | 58.12 | 8,336 | 8,653 | -3.66 | 724,760 |
72 | American National Corp. Omaha | 50.21 | 48.92 | 16,183 | 14,677 | 10.26 | 1,218,291 |
73 | First Midwest Bancorp Inc. Itasca, Ill. | 50.28 | 49.52 | 74,732 | 74,118 | 0.83 | 6,447,638 |
74 | Suffolk Bancorp Riverhead, N.Y. | 50.32 | 48.8 | 18,267 | 17,162 | 6.44 | 1,369,666 |
75 | Charter One Financial Inc. Cleveland | 50.36 | 44.56 | 378,240 | 346,953 | 9.02 | 44,248,951 |
76 | Berkshire Bancorp Inc. New York | 50.48 | 54.77 | 5,439 | 5,201 | 4.58 | 775,321 |
77 | Harleysville Savings Financial Corp. Pa. | 50.56 | 49.89 | 3,453 | 3,236 | 6.71 | 658,271 |
78 | Massbank Corp. Reading, Mass. | 50.57 | 47.43 | 6,274 | 6,021 | 4.2 | 1,009,353 |
79 | NEB Corp. Fond du Lac, Wis. | 50.6 | 49.16 | 12,383 | 11,203 | 10.53 | 1,004,501 |
80 | U.S. Bancorp Minneapolis | 50.92 | 48.86 | 3,275,200 | 2,958,500 | 10.7 | 194,899,000 |
81 | Midwest Banc Holdings Inc. Melrose Park, Ill. | 51 | 45.49 | 21,456 | 16,663 | 28.76 | 2,285,062 |
82 | Glacier Bancorp Inc. Kalispell, Mont. | 51.16 | 53.52 | 32,865 | 30,810 | 6.67 | 2,511,361 |
83 | Arrow Financial Corp. Glens Falls, N.Y. | 51.2 | 51.52 | 16,253 | 16,186 | 0.41 | 1,317,158 |
84 | Republic Bancorp Inc. Owosso, Mich. | 51.52 | 51.06 | 53,233 | 50,165 | 6.12 | 5,030,955 |
85 | Comerica Inc. Detroit | 51.56 | 48.89 | 726,953 | 739,940 | -1.76 | 59,133,300 |
86 | Camden National Corp. Maine | 51.57 | 52.7 | 15,052 | 15,883 | -5.23 | 1,279,273 |
87 | Durant Bancorp Okla. | 51.58 | 56.48 | 12,472 | 12,287 | 1.51 | 920,810 |
88 | Summit Financial Group Inc. Moorefield, W.Va. | 51.59 | 52.93 | 6,781 | 6,265 | 8.24 | 716,193 |
89 | United Bancorp. of Wyoming Jackson | 51.6 | 55.55 | 10,177 | 9,727 | 4.63 | 787,584 |
90 | City National Corp. Beverly Hills | 51.63 | 48.81 | 176,728 | 161,732 | 9.27 | 12,357,643 |
91 | Wilson Bank Holding Co. Lebanon, Tenn. | 51.82 | 51.32 | 10,380 | 9,080 | 14.32 | 851,389 |
92 | Hillcrest Bancshares Inc. Overland Park, Kan. | 51.86 | 52.04 | 9,559 | 8,788 | 8.77 | 1,023,288 |
93 | Hometown Community Bancorp Morton, Ill. | 51.89 | 49.28 | 6,509 | 5,102 | 27.58 | 944,344 |
94 | City Holding Co. Cross Lanes, W.Va. | 51.99 | 60.19 | 32,597 | 35,363 | -7.82 | 1,983,174 |
95 | Chemical Financial Corp. Midland, Mich. | 52.03 | 51.7 | 47,449 | 47,127 | 0.68 | 3,587,829 |
96 | First National Community Bancorp Dunmore, Pa. | 52.08 | 52.09 | 7,290 | 6,905 | 5.58 | 778,220 |
Fishback Financial Corp. Brookings, S.D. | 52.08 | 63.01 | 13,152 | 15,590 | -15.64 | 751,491 | |
98 | Hills Bancorp. Hills, Iowa | 52.18 | 57.55 | 13,421 | 11,919 | 12.6 | 1,153,320 |
99 | First Financial Bankshrs Inc. Abilene, Tex. | 52.22 | 51.98 | 30,626 | 28,911 | 5.93 | 2,028,325 |
100 | SouthTrust Corp. Birmingham, Ala. | 52.23 | 55.26 | 630,102 | 643,405 | -2.07 | 51,844,025 |
101 | MBNA Corp. Wilmington, Del. | 52.61 | 54.18 | 2,515,771 | 2,303,964 | 9.19 | 57,210,117 |
102 | Citizens and Northern Corp. Wellsboro, Pa. | 52.62 | 51.65 | 10,889 | 10,354 | 5.17 | 1,059,335 |
103 | Bank of America Corp. Charlotte | 52.64 | 52.22 | 9,774,000 | 9,009,000 | 8.49 | 769,179,000 |
104 | First Community Bancshares Bluefield, Va. | 52.69 | 51.08 | 25,363 | 21,521 | 17.85 | 1,701,418 |
105 | Cummins-American Corp. Glenview, Ill. | 52.74 | 41.8 | 11,312 | 8,444 | 33.96 | 941,825 |
106 | Second Bancorp Inc. Warren, Ohio | 52.81 | 61.02 | 29,159 | 24,545 | 18.8 | 1,926,231 |
107 | Emigrant Bancorp Inc. New York | 52.82 | 44.46 | 96,986 | 69,961 | 38.63 | 10,094,104 |
108 | Wilber Corp. Oneonta, N.Y. | 52.84 | 49.69 | 8,110 | 7,393 | 9.7 | 729,405 |
109 | Oak Hill Financial Inc. Jackson, Ohio | 52.85 | 55.45 | 11,962 | 10,973 | 9.01 | 863,941 |
110 | Oriental Financial Group Inc. San Juan, Puerto Rico | 52.92 | 54.99 | 28,348 | 26,263 | 7.94 | 3,039,468 |
111 | Central Coast Bancorp Salinas, Calif. | 52.96 | 48.71 | 11,460 | 9,810 | 16.82 | 950,835 |
112 | Hudson United Bancorp Mahwah, N.J. | 52.97 | 46.8 | 109,732 | 130,500 | -15.91 | 7,988,273 |
113 | United Bankshares Inc. Charleston, W.Va. | 53.01 | 48.3 | 78,239 | 67,142 | 16.53 | 5,753,006 |
114 | Virginia Commerce Bancorp Arlington | 53.18 | 58.69 | 9,951 | 8,180 | 21.65 | 799,985 |
115 | First National Bank Group Edinburg, Tex. | 53.26 | 49.06 | 19,590 | 15,257 | 28.4 | 1,781,737 |
116 | Citizens Bancshares Co. Chillicothe, Mo. | 53.29 | 56.04 | 10,230 | 10,377 | -1.42 | 973,584 |
117 | AmSouth Bancorp. Birmingham, Ala. | 53.31 | 52.42 | 588,228 | 586,462 | 0.3 | 43,861,140 |
118 | Fulton Financial Corp. Lancaster, Pa. | 53.34 | 53.13 | 113,947 | 111,538 | 2.16 | 8,619,287 |
119 | Main Street Trust Inc. Champaign, Ill. | 53.56 | 56.11 | 16,185 | 17,330 | -6.61 | 1,126,482 |
120 | Peoples Bancorp Inc. Marietta, Ohio | 53.6 | 55.03 | 19,746 | 17,774 | 11.09 | 1,860,090 |
Southwest Bancorp Inc. Stillwater, Okla. | 53.6 | 55.89 | 18,187 | 16,069 | 13.18 | 1,520,443 | |
122 | New Lenox Holding Co. Ill. | 53.64 | 53.76 | 9,220 | 8,591 | 7.32 | 977,189 |
123 | USB Holding Co. Orangeburg, N.Y. | 53.68 | 48.23 | 22,388 | 19,220 | 16.48 | 2,720,820 |
124 | First Bancorp Troy, N.C. | 53.71 | 55.51 | 18,556 | 16,484 | 12.57 | 1,327,185 |
125 | Security National Corp. Sioux City, Iowa | 53.84 | 48.02 | 11,259 | 10,316 | 9.14 | 795,143 |
126 | Main Street Banks Inc. Kennesaw, Ga. | 53.88 | 52.57 | 23,939 | 18,435 | 29.86 | 1,908,622 |
127 | Minnwest Corp. Minnetonka, Minn. | 53.98 | 52.74 | 10,288 | 9,971 | 3.18 | 854,425 |
128 | Hanmi Financial Corp. Los Angeles | 54.03 | 51.9 | 19,183 | 16,159 | 18.71 | 1,648,841 |
129 | First National Bank Holding Scottsdale, Ariz. | 54.15 | 56.24 | 44,691 | 34,382 | 29.98 | 1,442,673 |
130 | First Co. Bancorp Collinsville, Ill. | 54.16 | 51.67 | 8,388 | 6,495 | 29.15 | 659,006 |
131 | Interchange Financial Services Saddle Brook, N.J. | 54.27 | 57.3 | 14,222 | 12,425 | 14.46 | 1,312,101 |
132 | Sky Financial Group Inc. Bowling Green, Ohio | 54.29 | 54.58 | 157,925 | 130,675 | 20.85 | 12,727,061 |
133 | Home Federal Bancorp Columbus, Ind. | 54.32 | 52.75 | 10,772 | 10,128 | 6.36 | 872,739 |
134 | First Busey Corp. Urbana, Ill. | 54.41 | 55.14 | 20,257 | 18,395 | 10.12 | 1,500,212 |
135 | Peapack-Gladstone Financial Corp. Gladstone, N.J. | 54.42 | 52.14 | 11,241 | 10,472 | 7.34 | 957,294 |
136 | Orion Bancorp Inc. Naples, Fla. | 54.47 | 54.65 | 10,274 | 8,242 | 24.65 | 829,386 |
137 | IberiaBank Corp. Lafayette, La. | 54.52 | 55.55 | 24,399 | 21,243 | 14.86 | 2,009,297 |
American State Financial Corp. Lubbock, Tex. | 54.52 | 53.65 | 20,877 | 19,779 | 5.55 | 1,534,606 | |
139 | First Federal Financial Corp. Elizabethtown, Ky. | 54.78 | NA | 8,609 | NA | NA | 673,825 |
140 | Farmers National Banc Corp. Canfield, Ohio | 54.86 | 61.09 | 9,066 | 8,690 | 4.33 | 798,500 |
141 | RCB Holding Co. Claremore, Okla. | 54.89 | 51.96 | 9,121 | 8,425 | 8.26 | 671,652 |
142 | Porter Bancorp Inc. Shepherdsville, Ky. | 54.9 | 57.4 | 8,208 | 7,645 | 7.36 | 727,118 |
143 | Stockman Financial Corp. Miles City, Mont. | 54.92 | 59.83 | 10,938 | 9,773 | 11.92 | 866,193 |
144 | Shore Bancshares Inc. Easton, Md. | 55.11 | 53 | 9,553 | 7,253 | 31.71 | 673,110 |
145 | Compass Bancshares Birmingham, Ala. | 55.31 | 55 | 391,054 | 362,037 | 8.01 | 25,732,317 |
CNB Financial Corp. Clearfield, Pa. | 55.31 | 60.21 | 9,169 | 9,295 | -1.36 | 705,579 | |
147 | Port Financial Corp. Brighton, Mass. | 55.33 | 59.93 | 15,230 | 14,312 | 6.41 | 1,528,048 |
148 | Amarillo National Bancorp Tex. | 55.48 | 56.58 | 21,839 | 22,082 | -1.1 | 1,430,961 |
149 | Univest Corp. of Pennsylvania Souderton | 55.55 | 54.82 | 19,877 | 18,884 | 5.26 | 1,524,676 |
150 | Bank of Kentucky Financial Corp. Crestview Hills | 55.56 | 49.69 | 10,069 | 6,339 | 58.84 | 789,506 |
*Consolidated data from Y9-C reports; includes U.S. units of foreign holding companies.
**Noninterest expense divided by (total income minus interest expense)
Source: Sheshunoff Information Services, a division of Thomson Corp.
© 2003 American Banker