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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

March 03, 2010, 1:43 p.m. EST 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesAmong the largest 500 in the third quarter of 2009. Dollars in thousands.
Published March 4, 2010
Rank   Efficiency Ratio* Noninterest Expenses 3Q 2009
assets
3Q 2009 3Q 2008 3Q 2009 3Q 2008 Change
1 Central Bancorp Inc. Garland, Texas 5.55% 64.89% $16,828 $7,698 118.6% $2,727,660
2 First Financial Bancorp. Cincinnati 10.59 70.26 45,817 28,340 61.7 7,259,902
3 Stearns Financial Services Inc. St. Cloud, Minn. 16.26 44.55 13,503 7,955 69.7 1,584,767
4 NRBC Holding Corp. Chicago 25.53 NA 3,122 NA NA 1,195,938
5 Great Southern Bancorp Inc. Springfield, Mo. 26.12 53.50 20,415 13,606 50.0 3,728,239
6 First Citizens Bancorp. Inc. Columbia, S.C. 27.55 62.74 53,698 49,650 8.2 8,336,491
7 Discover Financial Services Riverwoods, Ill. 30.65 NA 546,681 NA NA 43,814,993
8 West Bancorp. Inc. West Des Moines 31.18 48.76 -6,433 7,687 -183.7 1,499,611
9 PacWest Bancorp San Diego 33.02 56.39 42,496 36,641 16.0 5,480,555
10 New York Community Bancorp Inc. Westbury 35.30 37.81 95,336 83,780 13.8 32,922,009
11 Hometown Community Bancorp Inc. Morton, Ill. 38.63 59.52 11,472 7,156 60.3 2,296,268
12 Wintrust Financial Corp. Lake Forest, Ill. 39.03 75.62 95,014 62,984 50.9 12,136,021
13 Wilshire Bancorp Inc. Los Angeles 40.25 44.24 15,054 11,913 26.4 3,377,558
14 First Bancorp Inc. Damariscotta, Maine 41.22 50.06 5,933 6,347 -6.5 1,331,842
15 Bank of the Ozarks Inc. Little Rock 41.30 43.15 15,499 13,822 12.1 2,889,686
16 Prosperity Bancshares Inc. Houston 41.66 40.80 40,943 32,043 27.8 8,960,868
17 Iberiabank Corp. Lafayette, La. 41.96 72.86 50,980 43,420 17.4 6,466,784
18 East West Bancorp Inc. Pasadena, Calif. 43.49 41.67 47,338 41,479 14.1 12,486,027
19 Cathay General Bancorp El Monte, Calif. 43.52 40.26 35,353 33,995 4.0 11,749,763
20 Westamerica Bancorp. San Rafael, Calif. 43.53 39.74 35,649 25,839 38.0 4,969,892
21 United National Corp. Sioux Falls, S.D. 44.56 45.43 92,818 91,622 1.3 1,667,743
22 Tennessee Commerce Bancorp Inc. Franklin 44.64 46.95 5,020 4,446 12.9 1,335,751
23 U.S. Bancorp Minneapolis 45.27 45.47 2,052,000 1,811,000 13.3 265,058,000
24 Ida Grove Bancshares Inc. Iowa 45.45 39.38 5,029 4,470 12.5 1,107,235
25 Porter Bancorp Inc. Louisville 46.02 46.28 7,571 6,774 11.8 1,728,762
26 CVB Financial Corp. Ontario, Calif. 46.24 49.07 32,464 31,840 2.0 6,547,182
27 First Bancorp Troy, N.C. 46.34 54.11 20,930 15,457 35.4 3,530,257
28 National Bankshares Inc. Blacksburg, Va. 46.36 44.93 5,860 5,471 7.1 965,888
29 FirstBank Holding Co. Lakewood, Colo. 46.90 46.58 63,478 57,921 9.6 9,880,957
30 Bar Harbor Bankshares Maine 46.91 53.73 4,967 5,112 -2.8 1,060,707
31 Popular Inc. Hato Rey, Puerto Rico 46.98 49.41 220,000 257,000 -14.4 35,638,000
32 Bank of Highland Park Financial Corp. Ill. 47.02 37.43 3,880 2,794 38.9 1,382,819
33 Pacific Continental Corp. Eugene, Ore. 47.29 56.16 7,010 7,494 -6.5 1,151,294
34 Farmers and Merchants Bancorp Lodi, Calif. 47.71 44.12 11,151 8,738 27.6 1,765,640
35 First Financial Corp. Terre Haute, Ind. 47.97 54.06 18,517 16,506 12.2 2,497,956
36 Lakeland Financial Corp. Warsaw, Ind. 48.14 49.96 13,092 11,932 9.7 2,470,933
37 Industry Bancshares Inc. Texas 48.24 53.40 5,986 5,039 18.8 1,064,119
38 City Holding Co. Charleston, W.Va. 48.26 45.96 18,577 18,897 -1.7 2,604,515
39 First Financial Bankshares Inc. Abilene, Texas 48.39 50.41 23,021 23,386 -1.6 3,076,193
40 Cashmere Valley Financial Corp. Wash. 48.54 52.04 5,776 5,683 1.6 1,053,570
Republic Bancorp Co. Oak Brook, Ill. 48.54 68.70 8,389 4,587 82.9 1,271,888
42 Banc Ed Corp. Edwardsville, Ill. 48.58 62.45 10,678 9,654 10.6 1,389,518
43 Glacier Bancorp Inc. Kalispell, Mont. 48.64 49.45 39,941 37,500 6.5 5,708,300
44 American National Corp. Omaha 48.70 49.85 11,054 11,008 0.4 1,717,038
45 Amarillo National Bancorp Inc. Texas 48.84 48.60 17,036 16,693 2.1 2,631,859
46 Wells Fargo & Co. San Francisco 48.93 50.47 11,689,000 5,520,000 111.8 1,228,625,000
47 First Bancorp Inc. Lebanon, Va. 49.10 57.61 6,349 6,420 -1.1 1,080,172
48 Capital One Financial Corp. McLean, Va. 49.63 50.28 1,755,298 1,808,188 -2.9 168,503,921
49 NEB Corp. Fond Du Lac, Wis. 49.88 35.28 8,262 8,113 1.8 1,450,606
50 Lakeside Bancorp Inc. Chicago 49.96 44.03 4,948 4,098 20.7 1,084,610
51 S&T Bancorp Inc. Indiana, Pa. 49.99 43.35 24,663 22,683 8.7 4,208,224
52 Enterprise Financial Services Corp. Clayton, Mo. 50.02 77.00 14,210 19,361 -26.6 2,518,625
53 Villages Bancorp. Inc. The Villages, Fla. 50.06 44.23 5,536 5,066 9.3 1,151,328
54 JPMorgan Chase & Co. New York 50.34 74.59 13,729,000 11,096,000 23.7 2,041,009,000
55 Fifth Third Bancorp Cincinnati 50.42 52.03 875,369 967,203 -9.5 110,740,377
56 Camden National Corp. Maine 50.49 51.03 12,150 11,659 4.2 2,272,746
57 American State Financial Corp. Lubbock 50.76 52.59 16,650 15,116 10.1 2,344,369
58 First BanCorp. San Juan, Puerto Rico 51.02 45.06 79,373 79,352 0.0 20,081,186
59 Home BancShares Inc. Conway, Ark. 51.11 58.08 16,858 18,330 -8.0 2,631,736
60 Zions Bancorp. Salt Lake City 51.17 60.66 408,516 392,387 4.1 53,425,093
61 Inwood Bancshares Inc. Dallas 51.32 47.56 7,050 6,511 8.3 1,314,636
62 First Citizens BancShares Inc. Raleigh 51.35 75.32 162,408 155,699 4.3 18,512,879
63 Smithtown Bancorp Inc. Hauppauge, N.Y. 51.45 51.49 10,987 8,490 29.4 2,670,257
64 WNB Bancshares Inc. Odessa, Texas 51.62 55.34 6,361 5,844 8.8 1,022,049
65 Stockman Financial Corp. Miles City, Mont. 51.71 60.54 9,796 10,813 -9.4 1,669,713
66 Park National Corp. Newark, Ohio 51.79 52.55 46,052 99,479 -53.7 6,970,678
67 United Bankshares Inc. Charleston, W.Va. 52.22 46.91 42,557 41,640 2.2 8,082,808
68 Bank of Marin Bancorp Novato, Calif. 52.30 54.60 7,776 7,442 4.5 1,126,529
69 Olney Bancshares of Texas Inc. 52.50 54.78 10,580 10,570 0.1 1,547,179
70 Machias Bancorp MHC Maine 52.59 89.22 6,943 10,030 -30.8 942,936
71 First Midwest Bancorp Inc. Itasca, Ill. 52.81 50.34 54,782 48,154 13.8 7,678,940
72 Associated Banc-Corp Green Bay, Wis. 53.20 51.38 138,694 136,107 1.9 22,884,589
73 Southwest Bancorp Inc. Stillwater, Okla. 53.22 60.20 15,794 16,696 -5.4 3,029,347
74 Bank of Hawaii Corp. Honolulu 53.81 57.29 95,230 99,217 -4.0 12,208,025
75 Valley National Bancorp Wayne, N.J. 53.82 46.87 73,942 73,842 0.1 14,231,870
76 M&T Bank Corp. Buffalo 53.94 53.67 $480,314 $410,388 17.0 $68,997,450
77 PrivateBancorp Inc. Chicago 54.03 72.41 53,640 47,083 13.9 12,082,584
78 Midland States Bancorp Inc. Effingham, Ill. 54.17 84.88 5,655 3,200 76.7 1,147,588
79 Suffolk Bancorp Riverhead, N.Y. 54.23 55.82 12,034 11,348 6.0 1,671,816
80 BBVA PR Holding Corp. San Juan, Puerto Rico 54.28 56.77 30,049 31,165 -3.6 5,652,377
81 Heartland Bancorp Inc. Bloomington, Ill. 54.32 61.87 10,725 10,053 6.7 1,439,091
82 First Citizens Financial Corp. Mason City, Iowa 54.33 49.05 5,431 4,590 18.3 1,067,265
83 Taunus Corp. New York 54.44 232.00 2,099,000 1,885,000 11.4 368,225,000
84 First Bancshares Inc. Merrillville, Ind. 54.47 59.74 14,613 14,982 -2.5 2,024,363
85 International Bancshares Corp. Laredo, Texas 54.55 54.93 78,822 75,296 4.7 11,685,584
86 Hills Bancorp. Iowa 54.62 55.24 10,886 10,223 6.5 1,831,737
87 Security National Corp. Dakota Dunes, S.D. 54.66 57.59 6,917 6,738 2.7 1,070,650
88 Square 1 Financial Inc. Durham, N.C. 54.68 65.19 6,868 9,350 -26.5 1,044,724
89 FSB Mutual Holdings Inc. Perkasie, Pa. 54.74 50.87 4,625 3,729 24.0 1,088,528
90 BancWest Corp. San Francisco 54.86 54.45 389,126 400,503 -2.8 77,529,543
91 Southside Bancshares Inc. Tyler, Texas 54.89 56.38 17,238 15,724 9.6 2,941,563
92 Nara Bancorp Inc. Los Angeles 55.04 49.06 14,590 14,559 0.2 3,212,690
93 National Penn Bancshares Inc. Boyertown, Pa. 55.19 48.42 52,153 54,088 -3.6 9,740,310
94 Citizens and Northern Corp. Wellsboro, Pa. 55.31 58.26 8,302 8,736 -5.0 1,283,378
95 Fulton Financial Corp. Lancaster, Pa. 55.34 54.69 99,810 99,155 0.7 16,526,709
96 ServisFirst Bancshares Inc. Birmingham, Ala. 55.58 57.27 6,971 5,461 27.7 1,502,205
97 Liberty Bancshares Inc. Springfield, Mo. 55.69 61.54 5,818 5,940 -2.1 938,189
98 First Security Bancorp Searcy, Ark. 55.90 64.44 31,049 23,929 29.8 3,087,474
99 First State Bancshares Inc. Farmington, Mo. 56.13 72.09 7,720 7,627 1.2 997,934
100 Pinnacle Bancorp Inc. Central City, Neb. 56.63 57.37 38,222 35,436 7.9 5,371,246
101 Trustmark Corp. Jackson, Miss. 56.67 57.89 74,469 72,448 2.8 9,368,498
102 Arrow Financial Corp. Glens Falls, N.Y. 56.71 52.47 11,401 10,535 8.2 1,836,283
NBT Bancorp Inc. Norwich, N.Y. 56.71 55.51 41,124 37,278 10.3 5,484,387
104 Alpine Banks of Colorado Glenwood Springs 56.72 72.82 19,598 26,577 -26.3 2,703,617
105 Citigroup Inc. New York 56.83 84.06 12,412,000 14,007,000 -11.4 1,888,599,000
106 Horizon Bancorp Michigan City, Ind. 57.01 61.54 8,929 8,283 7.8 1,321,224
107 Austin Bancorp Inc. Jacksonville, Texas 57.03 59.11 10,157 9,741 4.3 1,035,881
108 Intrust Financial Corp. Wichita 57.09 62.91 26,421 30,554 -13.5 3,471,661
109 BB&T Corp. Winston-Salem, N.C. 57.16 51.69 1,220,554 997,818 22.3 165,329,114
110 Peoplesbancorp MHC Holyoke, Mass. 57.17 67.89 8,245 7,583 8.7 1,491,911
111 Bank of Kentucky Financial Corp. Crestview Hills 57.27 57.78 8,998 8,734 3.0 1,391,669
First of Long Island Corp. Glen Head, N.Y. 57.27 54.04 8,528 7,237 17.8 1,507,614
113 Sierra Bancorp Porterville, Calif. 57.35 51.70 10,670 10,260 4.0 1,307,049
114 Bremer Financial Corp. St. Paul 57.37 55.94 55,090 52,672 4.6 7,781,402
115 Commerce Bancshares Inc. Kansas City, Mo. 57.42 73.26 159,329 186,567 -14.6 17,965,403
116 PNC Financial Services Group Inc. Pittsburgh 57.59 64.17 2,371,877 1,133,635 109.2 271,449,905
117 Ameris Bancorp Moultrie, Ga. 57.70 60.35 15,361 14,761 4.1 2,207,475
Hudson Valley Holding Corp. Yonkers, N.Y. 57.70 50.42 17,899 18,182 -1.6 2,578,790
119 North American Bancshares Inc. Sherman, Texas 57.94 61.42 13,146 13,570 -3.1 1,871,289
Summit Financial Group Inc. Moorefield, W.Va. 57.94 55.14 8,167 7,285 12.1 1,577,765
121 HSBC North America Holdings Inc. New York 58.10 36.38 2,082,811 2,727,853 -23.6 390,657,817
122 First Bank Corp. Fort Smith, Ark. 58.13 55.78 11,506 11,159 3.1 1,476,746
123 Orrstown Financial Services Inc. Shippensburg, Pa. 58.21 58.00 8,294 7,252 14.4 1,159,996
124 Peoples Bancorp Inc. Marietta, Ohio 58.37 55.36 14,087 13,193 6.8 2,005,206
125 Central Bancompany Inc. Jefferson City, Mo. 58.66 62.66 74,399 71,942 3.4 8,966,360
126 Broadway Bancshares Inc. San Antonio 58.73 53.19 17,609 16,943 3.9 2,182,985
127 1867 Western Financial Corp. Stockton, Calif. 58.81 55.99 13,974 13,370 4.5 1,914,372
128 Santander BanCorp Guaynabo, Puerto Rico 58.93 80.14 67,620 103,355 -34.6 6,833,200
129 CNB Financial Corp. Clearfield, Pa. 59.10 81.62 7,484 7,283 2.8 1,090,300
130 BOK Financial Corp. Tulsa 59.13 53.55 175,223 156,448 12.0 23,918,833
131 Cascade Financial Corp. Everett, Wash. 59.19 46.38 7,759 7,060 9.9 1,646,987
132 Washington Banking Co. Oak Harbor, Wash. 59.20 65.61 7,376 7,506 -1.7 959,660
133 MainSource Financial Group Inc. Greensburg, Ind. 59.21 55.96 21,671 18,104 19.7 2,934,326
134 Huntington Bancshares Inc. Columbus, Ohio 59.22 49.83 367,397 333,886 10.0 52,510,852
135 Wilson Bank Holding Co. Lebanon, Tenn. 59.39 56.11 9,547 8,672 10.1 1,435,248
136 First Guaranty Bancshares Inc. Hammond, La. 59.41 60.13 5,994 5,811 3.1 936,252
137 First National Community Bancorp Inc. Dunmore, Pa. 59.47 49.40 8,082 6,430 25.7 1,385,898
138 Summit Bancorp Inc. Arkadelphia, Ark. 59.72 57.53 6,422 6,206 3.5 1,090,632
139 Longview Financial Corp. Texas 59.75 61.02 8,578 7,994 7.3 1,174,191
140 Central Community Corp. Temple, Texas 59.77 68.79 7,289 13,501 -46.0 1,036,193
141 Univest Corp. of Pennsylvania Souderton 60.00 57.21 15,563 13,665 13.9 2,117,849
142 NewAlliance Bancshares Inc. New Haven 60.04 62.86 41,286 40,727 1.4 8,542,177
143 Tompkins Financial Corp. Ithaca, N.Y. 60.06 60.62 23,724 22,174 7.0 3,088,039
144 Canandaigua National Corp. N.Y. 60.14 59.50 11,917 11,480 3.8 1,590,355
145 MB Financial Inc. Chicago 60.20 63.20 70,876 59,939 18.2 14,135,212
146 First Citizens Bancshares Inc. Dyersburg, Tenn. 60.25 50.91 7,389 6,143 20.3 942,567
Trinity Capital Corp. Los Alamos, N.M. 60.25 59.64 9,860 7,985 23.5 1,584,921
148 S.Y. Bancorp Inc. Louisville 60.35 54.30 14,141 11,493 23.0 1,763,810
149 Pinnacle Financial Partners Inc. Nashville 60.40 57.45 26,623 23,360 14.0 5,098,351
150 Banorte USA Corp. New York 60.53 56.43 13,431 14,318 -6.2 2,205,674
151 SCBT Financial Corp. Columbia, S.C. 60.65 90.02 19,607 28,843 -32.0 2,776,684
152 Central Pacific Financial Corp. Honolulu 60.69 57.38 83,434 36,355 129.5 5,171,510
Hancock Holding Co. Gulfport, Miss. 60.69 62.91 55,482 55,456 0.0 6,824,691
154 Paragon Commercial Corp. Raleigh 60.74 56.76 4,734 3,913 21.0 1,289,594
155 SVB Financial Group Santa Clara, Calif. 60.76 57.14 79,808 77,567 2.9 12,557,406
156 Taylor Capital Group Inc. Rosemont, Ill. 60.81 105.26 21,133 27,497 -23.1 4,485,081
157 Cullen/Frost Bankers Inc. San Antonio 60.82 55.54 131,565 121,752 8.1 16,234,139
158 Columbia Banking System Inc. Tacoma 60.85 60.36 23,417 23,817 -1.7 3,167,409
159 Big Sandy Holding Co. Longmont, Colo. 60.91 53.95 5,400 5,441 -0.8 1,298,439
160 Discount Bancorp Inc. New York 61.01 57.85 44,413 40,106 10.7 9,324,240
161 RCB Holding Co. Inc. Claremore, Okla. 61.14 59.76 9,557 8,664 10.3 1,342,943
162 Goldman Sachs Group Inc. New York 61.18 NA 7,578,000 NA NA 882,586,000
163 First Co Bancorp Inc. Collinsville, Ill. 61.19 65.79 6,252 5,936 5.3 938,792
164 First American Bank Corp. Elk Grove Village, Ill. 61.21 67.08 20,058 17,899 12.1 2,894,383
165 Intervest Bancshares Corp. New York 61.23 39.15 7,336 5,276 39.0 2,382,170
166 Community Trust Bancorp Inc. Pikeville, Ky. 61.24 58.33 22,579 21,300 6.0 3,035,376
167 City National Corp. Los Angeles 61.31 59.37 142,919 143,831 -0.6 18,403,310
168 Banterra Corp Eldorado, Ill. 61.32 58.80 7,765 7,297 6.4 1,064,220
169 Susquehanna Bancshares Inc. Lititz, Pa. 61.35 66.09 91,534 95,070 -3.7 13,659,154
170 First Business Financial Services Inc. Madison, Wis. 61.36 71.69 5,370 5,191 3.4 1,073,653
171 FirstMerit Corp. Akron 61.37 58.08 84,238 81,305 3.6 10,763,909
172 Bank of America Corp. Charlotte 61.46 52.68 16,213,535 11,787,048 37.6 2,252,813,550
173 German American Bancorp Inc. Jasper, Ind. 61.50 59.48 9,919 9,159 8.3 1,233,815
Isabella Bank Corp. Mount Pleasant, Mich. 61.50 60.54 7,885 7,433 6.1 1,125,110
175 WesBanco Inc. Wheeling, W.Va. 61.65 61.33 37,705 36,154 4.3 5,565,751
176 Lakeland Bancorp Inc. Oak Ridge, N.J. 61.73 53.02 16,489 14,920 10.5 2,769,663
177 Eagle Bancorp Inc. Bethesda, Md. 61.79 61.82 10,489 7,605 37.9 1,682,773
178 Center Bancorp Inc. Union, N.J. 61.82 55.10 5,186 4,578 13.3 1,349,516
179 BNC Bancorp Thomasville, N.C. 61.87 63.30 8,644 5,417 59.6 1,706,099
180 Valley View Bancshares Inc. Overland Park, Kan. 61.89 51.19 18,546 16,562 12.0 3,176,987
181 Commerce Bancshares Corp. Worcester, Mass. 61.95 69.61 7,602 7,797 -2.5 1,102,472
182 Sunflower Financial Inc. Salina, Kan. 62.02 56.19 13,093 12,963 1.0 1,727,808
183 Boiling Springs MHC Rutherford, N.J. 62.03 63.91 7,094 6,201 14.4 1,280,879
184 BBVA USA Bancshares Inc. Houston 62.08 58.64 448,911 452,130 -0.7 67,793,654
185 National Americas Holdings LLC New York 62.12 54.57 35,181 24,538 43.4 5,256,216
186 First Commonwealth Financial Corp. Indiana, Pa. 62.17 58.59 41,894 38,885 7.7 6,512,375
187 TriCo Bancshares Chico, Calif. 62.20 55.44 19,377 16,589 16.8 2,095,666
188 First Interstate BancSystem Inc. Billings, Mont. 62.22 61.87 50,898 52,308 -2.7 6,919,800
189 ACNB Corp. Gettysburg, Pa. 62.28 61.25 7,380 6,464 14.2 968,034
Citizens Financial Group Inc. Providence, R.I. 62.28 51.44 849,568 841,980 0.9 150,538,243
191 R&G Financial Corp. Hato Rey, Puerto Rico 62.32 94.23 42,464 55,481 -23.5 6,575,377
192 Chemical Financial Corp. Midland, Mich. 62.33 55.51 30,050 27,034 11.2 4,268,363
193 Franklin Resources Inc. San Mateo, Calif. 62.43 67.08 854,069 888,222 -3.8 9,432,140
194 Marshall & Ilsley Corp. Milwaukee 62.46 55.65 364,659 353,104 3.3 58,664,466
195 Center Financial Corp. Los Angeles 62.61 84.65 11,325 19,718 -42.6 2,197,948
196 Provident Financial Services Inc. Jersey City 62.65 55.20 35,909 31,925 12.5 6,816,309
197 Texas Capital Bancshares Inc. Dallas 62.66 64.46 36,970 28,043 31.8 5,320,990
198 First Busey Corp. Urbana, Ill. 62.69 54.79 237,758 27,379 768.4 3,973,906
199 Independent Bank Corp. Rockland, Mass. 62.71 62.23 33,448 26,454 26.4 4,434,003
200 First Mid-Illinois Bancshares Inc. Mattoon 62.78 59.97 7,955 8,061 -1.3 1,099,681


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 Jan. 28, 2010.
Source:

SNL Financial
, Charlottesville, Va.
© 2010 American Banker

Banks, thrifts and holding companies