Most Efficient Bank Holding Companies

Published August 26, 2009, 3:50 p.m. EDT

Updated August 26, 2009, 2:50 p.m. EDT

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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesAmong the largest 500 in the first quarter of 2009. Dollars in thousands. Published August 27, 2009
Rank		Efficiency Ratio*		Noninterest Expenses			1Q 2009 assets
Rank		1Q 2009	1Q 2008	1Q 2009	1Q 2008	Change	1Q 2009 assets
1	Republic Bancorp Co. Oak Brook, Ill.	16.58%	67.45%	$5,963	$4,765	25.1%	$1,180,568
2	NRBC Holding Corp. Chicago	21.00	NA	2,114	NA	NA	1,146,020
3	HSBC North America Holdings Inc. Mettawa, Ill.	26.50	43.00	3,113,380	2,647,218	17.6	401,824,818
4	Westamerica Bancorp. San Rafael, Calif.	26.63	36.23	34,659	23,056	50.3	5,428,798
5	Great Southern Bancorp Inc. Springfield, Mo.	28.42	48.62	15,342	14,204	8.0	3,409,680
6	Community Bankers Trust Corp. Glen Allen, Va.	28.54	NA	9,431	NA	NA	1,368,472
7	Oriental Financial Group Inc. San Juan, Puerto Rico	35.99	48.63	18,920	17,730	6.7	6,485,997
8	New York Community Bancorp Inc. Westbury	36.47	40.43	89,136	84,655	5.3	32,427,432
9	Broadway Bancorp Inc. Chicago	38.82	14.04	3,427	2,120	61.7	1,206,476
10	Republic Bancorp Inc. Louisville	39.18	44.90	43,642	33,680	29.6	3,337,645
11	Bank of Highland Park Financial Corp. Ill.	40.50	38.94	3,162	2,509	26.0	1,391,565
12	Bank of the Ozarks Inc. Little Rock	40.52	44.85	16,187	12,881	25.7	3,159,819
13	Villages Bancorp. Inc. The Villages, Fla.	42.26	52.32	4,491	5,520	18.6	1,007,109
14	U.S. Bancorp Minneapolis	43.59	40.99	1,869,000	1,777,000	5.2	263,624,000
15	United National Corp. Sioux Falls, S.D.	44.70	41.49	96,009	95,088	1.0	1,434,992
16	Cathay General Bancorp El Monte, Calif.	44.80	37.60	35,154	32,839	7.0	11,398,144
17	Stearns Financial Services Inc. St. Cloud, Minn.	45.09	41.22	7,177	7,702	6.8	1,047,827
18	Prosperity Bancshares Inc. Houston	45.92	40.46	43,779	28,916	51.4	8,804,495
19	Pacific Capital Bancorp Santa Barbara, Calif.	46.18	42.42	123,260	121,854	1.2	9,222,488
20	Cashmere Valley Financial Corp. Cashmere, Wash.	46.36	50.47	5,650	4,830	17.0	1,019,162
21	Lakeside Bancorp Inc. Chicago	46.38	49.50	4,127	4,088	1.0	1,004,807
22	Ida Grove Bancshares Inc. Iowa	46.51	42.79	5,015	4,240	18.3	1,092,768
23	Amarillo National Bancorp Inc. Texas	46.83	45.93	16,172	14,426	12.1	2,785,772
24	First Bancorp Inc. Damariscotta, Maine	46.86	46.51	6,647	5,449	22.0	1,398,500
25	National Bankshares Inc. Blacksburg, Va.	46.96	49.63	5,568	5,432	2.5	979,787
26	City Holding Co. Charleston, W.Va.	47.30	47.51	18,687	19,734	5.3	2,585,943
27	Wilshire Bancorp Inc. Los Angeles	47.43	48.36	11,433	12,113	5.6	2,611,277
28	Glacier Bancorp Inc. Kalispell, Mont.	48.00	52.41	39,171	35,401	10.6	5,580,800
29	CVB Financial Corp. Ontario, Calif.	48.05	52.11	33,119	31,024	6.8	6,418,946
30	International Bancshares Corp. Laredo, Texas	48.37	55.78	70,468	70,727	0.4	12,128,052
31	Bank of America Corp. Charlotte	48.70	52.01	16,795,516	9,266,527	81.2	2,323,415,453
32	West Bancorp. Inc. West Des Moines	49.16	45.87	7,504	6,676	12.4	1,612,313
33	Inwood Bancshares Inc. Dallas	49.23	52.91	6,896	7,340	6.0	1,364,151
34	Citigroup Inc. New York	49.25	118.99	12,688,000	16,546,000	23.3	1,822,578,000
35	First National Community Bancorp Inc. Dunmore, Pa.	49.38	50.46	6,708	6,149	9.1	1,313,350
36	First Financial Bankshares Inc. Abilene, Texas	50.00	51.61	22,946	22,660	1.3	3,121,362
37	American National Corp. Omaha	50.07	50.22	11,232	10,502	7.0	1,775,650
38	BB&T Corp. Winston-Salem, N.C.	50.09	51.68	1,046,103	935,930	11.8	143,424,861
39	FirstBank Holding Co. Lakewood, Colo.	50.21	51.67	63,323	61,094	3.6	9,521,244
40	Trinity Capital Corp. Los Alamos, N.M.	50.62	62.06	9,283	8,465	9.7	1,528,092
41	Associated Banc-Corp Green Bay, Wis.	50.85	52.25	140,343	136,206	3.0	24,349,725
42	Arrow Financial Corp. Glens Falls, N.Y.	50.92	57.18	11,373	10,181	11.7	1,712,664
43	Stockman Financial Corp. Miles City, Mont.	50.94	51.79	8,814	8,923	1.2	1,581,764
44	Center Financial Corp. Los Angeles	50.98	59.01	10,305	13,377	23.0	2,085,327
45	Park National Corp. Newark, Ohio	51.04	50.95	45,862	43,277	6.0	7,059,175
46	Industry Bancshares Inc. Industry, Texas	51.10	52.73	5,716	4,294	33.1	941,340
47	American State Financial Corp. Lubbock	51.18	51.82	15,699	14,048	11.8	2,247,502
48	United Bankshares Inc. Charleston, W.Va.	51.27	48.20	40,782	41,542	1.8	7,984,717
49	Wells Fargo & Co. San Francisco	51.32	52.22	11,685,000	5,441,000	114.8	1,285,891,000
50	Valley National Bancorp Wayne, N.J.	51.51	57.67	77,016	70,107	9.9	14,429,597
51	Camden National Corp. Maine	51.74	54.69	12,291	12,261	0.2	2,293,520
52	S&T Bancorp Inc. Indiana, Pa.	52.02	44.16	25,442	18,024	41.2	4,314,540
53	Cascade Financial Corp. Everett, Wash.	52.17	54.98	7,595	6,831	11.2	1,659,338
54	Tennessee Commerce Bancorp Inc. Franklin	52.21	52.07	4,933	4,144	19.0	1,275,134
55	JPMorgan Chase & Co. New York	52.29	50.48	13,307,000	8,888,000	49.7	2,079,188,000
56	First Midwest Bancorp Inc. Itasca, Ill.	52.37	54.04	48,016	49,125	2.3	8,254,406
57	Cummins-American Corp. Glenview, Ill.	52.44	64.03	6,024	5,495	9.6	1,011,796
58	First BanCorp. San Juan, Puerto Rico	52.49	53.46	80,752	82,045	1.6	19,709,150
59	American Chartered Bancorp Inc. Schaumburg, Ill.	52.56	55.55	13,336	13,236	0.8	3,080,087
60	Porter Bancorp Inc. Louisville	52.70	52.74	7,265	7,021	3.5	1,738,393
61	Machias Bancorp MHC Maine	52.92	71.63	6,175	6,959	11.3	957,852
62	NEB Corp. Fond Du Lac, Wis.	53.00	49.54	8,690	8,142	6.7	1,382,985
63	Bank of Marin Bancorp Novato, Calif.	53.08	53.63	7,557	7,002	7.9	1,074,828
64	Commonwealth Bankshares Inc. Norfolk	53.17	55.71	5,586	5,153	8.4	1,109,503
65	First Citizens Financial Corp. Mason City, Iowa	53.40	47.77	5,492	4,422	24.2	1,027,210
66	Suffolk Bancorp Riverhead, N.Y.	53.57	44.99	11,676	10,354	12.8	1,642,890
67	East West Bancorp Inc. Pasadena, Calif.	53.88	45.75	46,636	53,784	13.3	12,564,586
68	Farmers and Merchants Bancorp Lodi, Calif.	54.01	48.02	11,545	9,785	18.0	1,732,039
69	BOK Financial Corp. Tulsa	54.16	55.89	158,534	147,714	7.3	23,346,689
70	Hudson Valley Holding Corp. Yonkers, N.Y.	54.32	54.35	18,449	17,331	6.5	2,546,200
71	Summit Financial Group Inc. Moorefield, W.Va.	54.50	49.47	7,751	7,089	9.3	1,598,928
72	Wilson Bank Holding Co. Lebanon, Tenn.	54.58	57.37	8,711	8,381	3.9	1,439,532
73	Bar Harbor Bankshares Maine	54.59	60.67	5,164	4,988	3.5	1,062,175
74	Provident Financial Services Inc. Jersey City	54.66	61.04	185,737	31,928	481.7	6,523,929
	WNB Bancshares Inc. Odessa, Texas	54.66	60.26	6,614	5,836	13.3	991,571
76	Regions Financial Corp. Birmingham, Ala.	54.72	63.72	1,029,710	1,168,598	11.9	141,950,436
77	BBVA PR Holding Corp. San Juan, Puerto Rico	54.73	53.37	28,917	30,099	3.9	6,327,092
78	Trustmark Corp. Jackson, Miss.	54.77	54.94	74,276	69,827	6.4	9,775,714
79	Investors Bancorp Short Hills, N.J.	54.79	68.37	24,391	19,254	26.7	7,364,003
80	Heartland Bancorp Inc. Bloomington, Ill.	55.04	65.27	9,990	9,686	3.1	1,398,040
81	Lakeland Financial Corp. Warsaw, Ind.	55.06	54.57	12,683	11,288	12.4	2,447,066
82	Barclays Group US Inc. Wilmington, Del.	55.08	55.53	1,488,495	547,170	172.0	342,544,049
83	First Bancorp Inc. Lebanon, Va.	55.26	55.40	6,525	6,091	7.1	999,363
84	Southside Bancshares Inc. Tyler, Texas	55.36	61.55	16,517	14,302	15.5	2,763,872
85	Bank of Hawaii Corp. Honolulu	55.42	52.55	99,197	105,332	5.8	11,448,128
86	Hills Bancorp. Iowa	55.55	53.18	10,366	9,152	13.3	1,849,357
87	First Bank Corp Fort Smith, Ark.	55.61	48.80	10,986	10,418	5.5	1,436,081
88	First Financial Corp. Terre Haute, Ind.	55.79	56.50	16,708	16,453	1.5	2,293,126
89	Alpine Banks of Colorado Glenwood Springs	55.82	50.86	19,798	18,819	5.2	2,799,204
90	FSB Mutual Holdings Inc. Perkasie, Pa.	56.04	51.49	4,115	3,547	16.0	1,098,903
91	First Busey Corp. Urbana, Ill.	56.05	59.17	25,851	28,093	8.0	4,470,475
92	Marshall & Ilsley Corp. Milwaukee	56.13	48.76	319,838	304,348	5.1	61,910,143
93	Horizon Bancorp Michigan City, Ind.	56.36	62.35	9,397	8,027	17.1	1,442,851
94	PNC Financial Services Group Inc. Pittsburgh	56.58	56.78	2,316,191	1,037,827	123.2	286,472,490
95	Pacific Continental Corp. Eugene, Ore.	56.79	56.70	8,045	7,157	12.4	1,117,633
96	Falcon Bancshares Inc. Laredo, Texas	56.91	71.03	6,799	6,901	1.5	957,986
97	Macon Bancorp Franklin, N.C.	57.03	57.94	5,443	5,482	0.7	1,137,307
98	First Interstate BancSystem Inc. Billings, Mont.	57.31	59.91	49,646	48,252	2.9	6,718,509
99	TriCo Bancshares Chico, Calif.	57.34	61.46	17,201	17,574	2.1	2,078,352
100	Central Pacific Financial Corp. Honolulu	57.39	43.41	36,270	27,996	29.6	5,431,559
	Parkway Bancorp Inc. Harwood Heights, Ill.	57.39	50.22	8,669	8,184	5.9	2,618,948
102	Banorte USA Corp. New York	57.66	57.29	12,692	13,115	3.2	2,042,124
103	Virginia Commerce Bancorp Inc. Arlington	57.68	51.16	13,022	10,792	20.7	2,772,888
104	Hanmi Financial Corp. Los Angeles	57.75	50.35	18,014	22,364	19.5	3,892,892
105	FirstMerit Corp. Akron	57.99	58.75	83,206	81,243	2.4	10,973,661
	Central Bancompany Inc. Jefferson City, Mo.	57.99	63.18	66,638	67,699	1.6	9,254,731
	Centra Financial Holdings Inc. Morgantown, W.Va.	57.99	65.74	7,486	8,024	6.7	1,223,062
108	SBC Inc. Countryside, Ill.	58.12	46.67	4,762	4,890	2.6	976,088
109	Security National Corp. Dakota Dunes, S.D.	58.16	59.29	6,990	6,520	7.2	1,080,217
110	Valley View Bancshares Inc. Overland Park, Kan.	58.26	49.16	17,856	15,975	11.8	3,098,942
111	M&T Bank Corp. Buffalo	58.27	51.93	425,547	403,745	5.4	64,883,195
112	Olney Bancshares of Texas Inc.	58.28	56.53	10,630	10,446	1.8	1,578,257
113	Sierra Bancorp Porterville, Calif.	58.29	47.00	10,173	8,462	20.2	1,307,872
114	Bremer Financial Corp. St. Paul	58.42	57.97	55,248	51,528	7.2	7,519,138
115	Capital One Financial Corp. McLean, Va.	58.46	45.61	1,725,512	1,801,979	4.2	177,387,459
116	First Bancorp Troy, N.C.	58.47	58.04	15,927	14,758	7.9	2,699,155
117	Amboy Bancorp. Old Bridge, N.J.	58.55	54.73	11,780	8,878	32.7	2,821,599
118	Bank of Kentucky Financial Corp. Crestview Hills	58.66	63.14	8,848	8,740	1.2	1,315,329
119	Peoples Bancorp Inc. Marietta, Ohio	58.88	58.09	14,502	13,742	5.5	2,056,415
120	Zions Bancorp. Salt Lake City	58.90	52.56	993,949	348,390	185.3	54,604,133
121	BBVA USA Bancshares Inc. Houston	58.94	56.51	425,959	439,169	3.0	61,516,969
122	Smithtown Bancorp Inc. Hauppauge, N.Y.	59.07	51.48	9,392	6,972	34.7	2,172,840
123	First of Long Island Corp. Glen Head, N.Y.	59.13	62.09	8,259	7,336	12.6	1,259,830
124	Crews Banking Corp. Wauchula, Fla.	59.30	58.43	7,825	7,509	4.2	1,176,361
125	Hampton Roads Bankshares Inc. Norfolk	59.35	65.63	19,952	4,090	387.8	3,090,724
126	First Commonwealth Financial Corp. Indiana, Pa.	59.37	65.88	43,320	38,791	11.7	6,422,996
127	Citizens and Northern Corp. Wellsboro, Pa.	59.60	59.35	8,638	8,464	2.1	1,304,924
128	Banc Ed Corp. Edwardsville, Ill.	59.65	70.76	10,736	9,444	13.7	1,263,998
129	Southwest Bancorp Inc. Stillwater, Okla.	59.76	61.94	15,168	16,537	8.3	2,928,133
130	National Americas Holdings LLC New York	59.86	NA	28,299	NA	NA	4,404,133
131	NBT Bancorp Inc. Norwich, N.Y.	59.89	54.49	42,315	34,110	24.1	5,406,234
132	MainSource Financial Group Inc. Greensburg, Ind.	59.94	61.88	20,477	17,812	15.0	2,873,051
133	First United Corp. Oakland, Md.	60.02	63.01	10,896	10,355	5.2	1,650,834
134	American Express Co. New York	60.16	NA	3,621,557	NA	NA	120,164,228
135	Lakeland Bancorp Inc. Oak Ridge, N.J.	60.42	59.17	16,751	15,331	9.3	2,676,295
136	W.T.B. Financial Corp. Spokane	60.55	57.29	26,746	25,732	3.9	4,050,387
137	Banterra Corp Eldorado, Ill.	60.57	60.51	8,039	7,274	10.5	1,058,333
138	RCB Holding Co. Inc. Claremore, Okla.	60.61	56.96	9,273	8,414	10.2	1,293,937
139	Huntington Bancshares Inc. Columbus, Ohio	60.69	55.12	2,969,127	356,848	732.0	51,733,365
140	Eastern Bank Corp. Boston	60.71	67.27	58,313	55,318	5.4	6,749,058
141	Durant Bancorp Inc. Okla.	60.76	53.60	16,222	13,898	16.7	2,076,584
142	Intervest Bancshares Corp. New York	60.80	37.53	5,939	3,518	68.8	2,317,613
143	BancWest Corp. San Francisco	60.86	54.26	419,875	389,819	7.7	79,714,574
144	Summit Bancorp Inc. Arkadelphia, Ark.	60.88	60.45	6,325	5,880	7.6	1,050,183
145	S.Y. Bancorp Inc. Louisville	60.91	58.02	13,534	12,090	11.9	1,630,802
146	Fulton Financial Corp. Lancaster, Pa.	60.95	57.10	106,372	96,660	10.0	16,493,522
147	Centrue Financial Corp. St. Louis	60.98	55.14	8,789	10,226	14.1	1,369,273
148	National Penn Bancshares Inc. Boyertown, Pa.	61.13	55.00	56,693	48,914	15.9	9,633,042
149	Hometown Community Bancorp Inc. Morton, Ill.	61.18	61.35	9,252	6,426	44.0	1,906,285
150	Sandy Spring Bancorp Inc. Olney, Md.	61.29	59.18	24,250	24,703	1.8	3,519,432

Note: Only top-tier bank holding companies that file a Y-9C reports statement with the Fed are included. Excludes thrift holding companies. *Noninterest expense divided by (total income minus interest expense). Figures for prior periods are not adjusted for mergers and acquisitions. Rankings include only current companies as of July 24, 2009.
Source:

SNL Financial