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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

August 13, 2010, 4:21 p.m. EDT 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesOn March 31, 2010. Dollars in thousands.
Published August 13, 2010
Rank   Efficiency Ratio* Noninterest Expenses 1Q 2010
Assets
2010 2009 2010 2009 Change
1 NRBC Holding Corp. Chicago 18.94 21.00 $2,586 $2,114 22.3% $1,263,669
2 SCBT Financial Corp. Columbia, S.C. 24.18 61.67 33,462 19,838 68.7 3,665,467
3 Bond Street Holdings LLC Miami 26.00 NA 8,732 NA NA 1,398,000
4 Discover Financial Services Riverwoods, Ill. 30.09 NA 496,841 NA NA 64,918,501
5 United National Corp. Sioux Falls, S.D. 34.22 44.70 81,328 96,009 -15.3 1,805,498
6 New York Community Bancorp Inc. Westbury 36.71 36.47 136,469 89,136 53.1 42,446,030
7 Republic Bancorp Inc. Louisville 37.36 39.13 51,139 43,579 17.3 3,180,995
8 Bank of the Ozarks Inc. Little Rock 38.33 40.52 17,471 16,187 7.9 3,019,025
9 Home BancShares Inc. Conway, Ark. 39.83 61.99 18,337 19,158 -4.3 3,078,199
10 Prosperity Bancshares Inc. Houston 40.85 45.92 39,581 43,779 -9.6 9,224,188
11 Capital One Financial Corp. McLean, Va. 42.12 58.46 1,853,664 1,725,512 7.4 200,707,587
12 Wilshire Bancorp Inc. Los Angeles 42.50 47.43 14,275 11,433 24.9 3,459,307
13 Westamerica Bancorp. San Rafael, Calif. 42.81 26.63 33,081 34,659 -4.6 4,743,159
14 Industry Bancshares Inc. Texas 42.96 51.10 6,072 5,716 6.2 1,185,950
15 National Americas Holdings LLC New York 43.18 59.86 26,710 28,299 -5.6 5,599,276
16 Lakeside Bancorp Inc. Chicago 43.65 46.38 4,533 4,127 9.8 1,067,719
17 National Bankshares Inc. Blacksburg, Va. 44.43 46.96 5,750 5,568 3.3 992,944
18 ServisFirst Bancshares Inc. Birmingham, Ala. 44.72 63.77 7,258 6,432 12.8 1,527,564
19 Citigroup Inc. New York 45.58 49.25 11,981,000 12,688,000 -5.6 2,002,213,000
20 Investors Bancorp MHC Short Hills, N.J. 45.83 54.79 30,361 24,391 24.5 8,738,437
21 Lakeland Financial Corp. Warsaw, Ind. 45.99 55.06 13,044 12,683 2.8 2,618,925
22 West Bancorp. Inc. West Des Moines 46.11 49.16 6,078 7,504 -19.0 1,691,325
23 American State Financial Corp. Lubbock 46.22 51.18 15,520 15,699 -1.1 2,488,477
24 U.S. Bancorp Minneapolis 46.71 43.59 2,127,000 1,869,000 13.8 282,428,000
25 Ida Grove Bancshares Inc. Iowa 46.77 46.51 5,162 5,015 2.9 1,108,402
26 HSBC North America Holdings Inc. New York 46.88 26.50 2,045,981 3,113,380 -34.3 345,382,871
27 FirstBank Holding Co. Lakewood, Colo. 47.00 50.21 62,842 63,323 -0.8 10,415,044
28 First Citizens BancShares Inc. Raleigh, N.C. 47.17 82.75 174,075 154,706 12.5 21,215,690
29 Amarillo National Bancorp Inc. Texas 47.62 46.83 16,897 16,172 4.5 2,749,188
30 Tennessee Commerce Bancorp Inc. Franklin 48.15 52.21 6,509 4,933 31.9 1,382,851
31 First Bancorp Inc. Damariscotta, Maine 48.34 46.86 6,288 6,647 -5.4 1,336,544
32 First Security Bancorp Searcy, Ark. 48.55 62.33 28,995 31,091 -6.7 3,280,355
33 Lauritzen Corp. Omaha 48.69 84.59 14,363 16,430 -12.6 1,587,442
34 Farmers and Merchants Bancorp Lodi, Calif. 48.88 54.01 11,025 11,545 -4.5 1,751,900
35 Southwest Bancorp Inc. Stillwater, Okla. 49.29 59.76 15,650 15,168 3.2 3,074,923
36 Nara Bancorp Inc. Los Angeles 49.48 62.73 14,106 15,175 -7.0 3,079,020
37 Oriental Financial Group Inc. San Juan, Puerto Rico 49.60 35.98 20,029 18,920 5.9 6,508,520
Hometown Community Bancorp Inc. Morton, Ill. 49.60 61.18 10,273 9,252 11.0 2,428,008
39 First Bancorp Inc. Lebanon, Va. 49.78 55.26 6,837 6,525 4.8 1,141,880
40 Porter Bancorp Inc. Louisville 49.79 52.70 8,050 7,265 10.8 1,757,327
41 NEB Corp. Fond Du Lac, Wis. 49.98 53.00 8,206 8,690 -5.6 1,472,668
42 First Financial Bankshares Inc. Abilene, Texas 50.01 50.00 23,337 22,946 1.7 3,352,955
43 United Community Bancorp Inc. Chatham, Ill. 50.32 44.95 5,220 4,191 24.6 1,131,367
44 Santander BanCorp Guaynabo, Puerto Rico 50.34 71.17 62,311 81,869 -23.9 6,854,367
45 Stearns Financial Services Inc. St. Cloud, Minn. 50.61 45.09 11,115 7,177 54.9 1,466,712
46 Villages Bancorp. Inc. The Villages, Fla. 51.20 42.26 5,070 4,491 12.9 1,177,569
47 Yadkin Valley Financial Corp. Elkin, N.C. 51.38 75.40 13,737 11,797 16.4 2,203,112
48 Midland States Bancorp Inc. Effingham, Ill. 51.45 75.78 9,037 3,912 131.0 1,684,329
49 Glacier Bancorp Inc. Kalispell, Mont. 51.72 48.00 40,192 39,171 2.6 6,225,868
50 Olney Bancshares of Texas Inc. 51.82 58.28 10,500 10,630 -1.2 1,602,480
51 WNB Bancshares Inc. Odessa, Texas 51.96 54.66 5,597 6,614 -15.4 1,009,855
52 First Citizens Financial Corp. Mason City, Iowa 52.12 53.40 5,465 5,492 -0.5 1,080,795
53 Suffolk Bancorp Riverhead, N.Y. 52.25 53.57 11,883 11,676 1.8 1,712,019
54 Tri City Bankshares Corp. Oak Creek, Wis. 52.33 64.27 10,452 7,548 38.5 1,102,129
55 Traditional Bancorp. Inc. Mount Sterling, Ky. 52.80 56.91 4,825 4,593 5.1 999,074
56 PNC Financial Services Group Inc. Pittsburgh, Pa. 52.81 56.58 2,057,386 2,316,191 -11.2 265,432,977
57 Bar Harbor Bankshares Maine 52.86 54.59 5,223 5,164 1.1 1,056,306
58 Hills Bancorp. Iowa 53.03 55.55 11,409 10,366 10.1 1,880,405
59 BBVA PR Holding Corp. San Juan, Puerto Rico 53.04 54.73 28,862 28,917 -0.2 5,103,058
60 East West Bancorp Inc. Pasadena, Calif. 53.29 53.88 123,895 46,636 165.7 20,299,176
61 City Holding Co. Charleston, W.Va. 53.37 47.30 19,590 18,687 4.8 2,662,641
62 Citizens and Northern Corp. Wellsboro, Pa. 53.39 59.60 7,857 8,638 -9.0 1,347,311
63 Heartland Bancorp Inc. Bloomington, Ill. 53.42 55.04 10,056 9,990 0.7 1,634,940
64 First National Community Bancorp Inc. Dunmore, Pa. 53.51 49.38 6,382 6,708 -4.9 1,375,593
65 Fulton Financial Corp. Lancaster, Pa. 53.77 60.95 99,229 106,372 -6.7 16,411,523
66 Wells Fargo & Co. San Francisco 53.80 51.32 12,135,000 11,685,000 3.9 1,223,630,000
67 First Busey Corp. Champaign, Ill. 53.83 56.05 25,352 25,851 -1.9 3,702,480
68 Center Financial Corp. Los Angeles 53.94 50.98 10,849 10,305 5.3 2,079,453
69 Bank of Hawaii Corp. Honolulu 54.04 55.42 91,691 99,197 -7.6 12,435,670
70 Bank of America Corp. Charlotte 54.05 48.37 17,948,715 16,795,516 6.9 2,340,667,014
71 Independence Bancshares Inc. Owensboro, Ky. 54.06 62.90 5,644 5,434 3.9 955,907
Hudson Valley Holding Corp. Yonkers, N.Y. 54.37 54.32 18,501 18,449 0.3 2,804,199
73 Bridgeview Bancorp Inc. Ill. 54.37 70.86 7,657 7,328 4.5 1,546,026
74 Virginia Commerce Bancorp Inc. Arlington 54.38 57.68 13,789 13,022 5.9 2,803,004
75 Commonwealth Bankshares Inc. Norfolk 54.45 53.17 4,309 5,586 -22.9 1,245,456
76 CVB Financial Corp. Ontario, Calif. 54.48 48.05 49,203 33,119 48.6 6,788,714
77 United Bankshares Inc. Charleston, W.Va. 54.61 51.27 42,372 40,782 3.9 7,615,243
78 Stockman Financial Corp. Miles City, Mont. 54.66 50.94 9,861 8,814 11.9 1,833,987
79 PacWest Bancorp San Diego 54.68 66.71 40,796 38,604 5.7 5,204,160
80 First Financial Corp. Terre Haute, Ind. 54.75 55.79 18,261 16,708 9.3 2,467,479
81 First of Long Island Corp. Glen Head, N.Y. 54.77 59.13 8,977 8,259 8.7 1,653,235
82 Cathay General Bancorp El Monte, Calif. 54.90 44.80 42,568 35,154 21.1 11,870,498
83 M&T Bank Corp. Buffalo 54.96 58.27 472,108 425,547 10.9 68,439,222
84 Liberty Bancshares Inc Springfield, Mo. 54.97 63.27 6,510 5,706 14.1 949,587
85 Bank of Highland Park Financial Corp. Ill. 55.10 40.50 3,976 3,162 25.7 1,281,961
86 Southside Bancshares Inc. Tyler, Texas 55.34 55.36 17,447 16,517 5.6 3,049,741
87 Camden National Corp. Maine 55.44 51.74 12,924 12,291 5.2 2,218,556
88 BOK Financial Corp. Tulsa 55.46 54.16 170,857 158,534 7.8 23,508,329
89 Park National Corp. Newark, Ohio 55.52 51.04 47,890 45,862 4.4 7,176,087
90 Arrow Financial Corp. Glens Falls, N.Y. 55.69 50.92 11,540 11,373 1.5 1,861,295
91 American National Corp. Omaha 55.80 50.07 11,258 11,232 0.2 1,689,743
92 Marshall & Ilsley Corp. Milwaukee 55.81 56.13 346,576 319,838 8.4 56,633,936
93 First Bancshares Inc. Merrillville, Ind. 55.90 63.10 14,518 15,385 -5.6 2,012,874
94 Bank of Marin Bancorp Novato, Calif. 55.97 53.08 8,222 7,557 8.8 1,168,777
95 Cashmere Valley Financial Corp. Cashmere, Wash. 56.05 46.36 5,468 5,650 -3.2 1,058,463
96 NewAlliance Bancshares Inc. New Haven 56.08 63.43 41,279 40,527 1.9 8,503,087
97 Umpqua Holdings Corp. Portland, Ore. 56.11 62.97 67,642 57,764 17.1 10,515,810
98 Stark Bank Group Ltd. Fort Dodge, Iowa 56.19 67.83 9,074 9,972 -9.0 1,621,126
99 First Citizens Bancorp. Inc. Columbia, S.C. 56.36 66.08 59,573 53,187 12.0 8,649,940
100 BB&T Corp. Winston-Salem, N.C. 56.39 50.09 1,193,962 1,046,103 14.1 163,700,076
101 CBS Banc-Corp. Russellville, Ala. 56.49 65.49 8,885 8,988 -1.1 1,308,052
102 S&T Bancorp Inc. Indiana, Pa. 56.84 52.02 28,072 25,442 10.3 4,135,767
103 Columbia Banking System Inc. Tacoma 56.90 63.51 34,050 23,520 44.8 4,133,900
104 Inwood Bancshares Inc. Dallas 56.91 49.23 7,381 6,896 7.0 1,286,260
105 First Community Bancshares Inc. Bluefield, Va. 56.93 61.51 16,110 15,976 0.8 2,280,533
106 Machias Bancorp MHC Maine 56.98 52.92 6,298 6,175 2.0 952,615
107 Lakeland Bancorp Inc. Oak Ridge, N.J. 57.00 60.42 16,780 16,751 0.2 2,768,696
108 FSB Mutual Holdings Inc. Perkasie, Pa. 57.03 56.04 5,088 4,115 23.6 1,060,078
109 Apple Financial Holdings Inc. New York 57.04 92.13 21,417 17,720 20.9 6,807,102
110 NBT Bancorp Inc. Norwich, N.Y. 57.05 59.89 42,277 42,315 -0.1 5,531,060
111 Pinnacle Bancorp Inc. Central City, Neb. 57.28 64.52 37,955 39,547 -4.0 5,568,591
112 Summit Bancorp Inc. Arkadelphia, Ark. 57.34 60.88 6,254 6,325 -1.1 1,133,875
113 Intervest Bancshares Corp. New York 57.37 60.80 7,666 5,939 29.1 2,284,257
114 Valley National Bancorp Wayne, N.J. 57.46 51.51 78,486 77,016 1.9 14,473,796
115 Wilson Bank Holding Co. Lebanon, Tenn. 57.65 54.58 9,083 8,711 4.3 1,520,412
116 Provident Financial Services Inc. Jersey City 57.71 54.66 34,702 185,737 -81.3 6,796,539
117 S.Y. Bancorp Inc. Louisville 57.87 60.91 14,131 13,534 4.4 1,802,302
118 First Co Bancorp Inc. Collinsville, Ill. 57.92 63.46 6,041 5,922 2.0 985,625
119 First Guaranty Bancshares Inc. Hammond, La. 58.00 69.92 6,189 5,716 8.3 960,380
120 Central Banco. Inc. Jefferson City, Mo. 58.02 57.99 69,886 66,638 4.9 9,276,546
Pacific Continental Corp. Eugene, Ore. 58.02 56.79 8,210 8,045 2.1 1,190,229
122 Bremer Financial Corp. St. Paul 58.06 58.42 55,262 55,248 0.0 7,657,686
Bank of Kentucky Financial Corp. Crestview Hills 58.06 58.66 10,613 8,848 19.9 1,595,554
124 Summit Financial Group Inc. Moorefield, W.Va. 58.08 54.50 7,653 7,751 -1.3 1,536,476
125 Security National Corp. Dakota Dunes, S.D. 58.23 58.16 6,931 6,990 -0.8 1,052,925
126 North American Bancshares Inc. Sherman, Texas 58.30 62.77 12,369 12,734 -2.9 1,869,864
127 Orrstown Financial Services Inc. Shippensburg, Pa. 58.39 62.09 8,817 7,520 17.2 1,316,038
128 Trustmark Corp. Jackson, Miss. 58.42 54.77 75,663 74,276 1.9 9,293,215
129 CIT Group Inc. New York 58.62 74.65 462,167 605,314 -23.6 58,060,508
130 JPMorgan Chase & Co. New York 58.72 52.29 16,255,000 13,307,000 22.2 2,135,796,000
131 Middlesex Bancorp MHC Natick, Mass. 58.75 NA 19,814 NA NA 4,007,596
132 National Penn Bancshares Inc. Boyertown, Pa. 58.88 61.13 57,657 56,693 1.7 9,171,761
133 Longview Financial Corp. Texas 58.94 67.82 8,641 8,134 6.2 1,243,203
134 Community Trust Bancorp Inc. Pikeville, Ky. 59.05 67.54 23,441 23,798 -1.5 3,169,056
135 Lone Star National Bancshares-Texas Inc. McAllen 59.08 65.68 12,171 10,502 15.9 1,913,825
136 First Bank Corp Fort Smith, Ark. 59.15 55.61 11,051 10,986 0.6 1,548,313
137 First Mid-Illinois Bancshares Inc. Mattoon 59.21 61.64 7,986 8,384 -4.7 1,087,524
138 First BanCorp. San Juan, Puerto Rico 59.35 52.49 89,817 80,752 11.2 18,850,964
139 First Bancorp Troy, N.C. 59.36 58.47 22,261 15,927 39.8 3,400,592
140 First Citizens Bancshares Inc. Dyersburg, Tenn. 59.44 60.53 7,249 6,663 8.8 954,969
141 Crews Banking Corp. Wauchula, Fla. 59.64 59.30 8,211 7,825 4.9 1,157,481
142 Cullen/Frost Bankers Inc. San Antonio 59.71 61.46 132,433 129,183 2.5 16,823,384
143 Associated Banc-Corp Green Bay, Wis. 59.76 50.85 148,436 140,343 5.8 23,107,768
Great Southern Bancorp Inc. Springfield, Mo. 59.76 28.42 21,559 15,342 40.5 3,700,237
145 Huntington Bancshares Inc. Columbus, Ohio 59.80 60.91 393,266 2,970,751 -86.8 51,866,804
146 Republic Bancorp Co. Oak Brook, Ill. 59.94 16.58 8,546 5,963 43.3 1,473,890
147 RCB Holding Co. Inc. Claremore, Okla. 59.95 60.61 9,567 9,273 3.2 1,398,020
148 Austin Bancorp Inc. Jacksonville, Texas 59.96 64.90 10,214 10,625 -3.9 1,056,821
149 Texas Capital Bancshares Inc. Dallas 60.00 62.59 37,520 30,274 23.9 5,500,192
150 Peoples Bancorp Inc. Marietta, Ohio 60.02 58.88 14,575 14,502 0.5 2,003,707
151 Washington Banking Co. Oak Harbor 60.06 56.98 7,755 6,523 18.9 1,046,653
152 Parkway Bancorp Inc. Harwood Heights, Ill. 60.16 57.39 10,004 8,669 15.4 2,471,908
First National Security Co. Hot Springs, Ark. 60.16 60.17 6,128 4,739 29.3 1,015,716
154 Wintrust Financial Corp. Lake Forest, Ill. 60.20 73.44 84,037 76,962 9.2 12,839,978
155 Savannah Bancorp Inc. Ga. 60.31 67.61 5,899 6,311 -6.5 1,046,645
156 Goldman Sachs Group Inc. New York 60.42 72.60 8,029,000 6,796,000 18.1 880,677,000
157 Banc Ed Corp. Edwardsville, Ill. 60.44 59.65 10,899 10,736 1.5 1,390,220
158 W.T.B. Financial Corp. Spokane 60.45 57.91 26,871 26,746 0.5 3,950,693
159 Financial Institutions Inc. Warsaw, N.Y. 60.47 70.09 14,719 16,063 -8.4 2,156,055
160 Horizon Bancorp Michigan City, Ind. 60.48 56.36 9,554 9,397 1.7 1,301,660
161 CM Florida Holdings Inc. Coral Gables 60.65 62.59 23,959 21,091 13.6 4,633,395
162 BancWest Corp. San Francisco 60.73 60.86 403,071 419,875 -4.0 75,215,088
163 Valley View Bancshares Inc. Overland Park, Kan. 60.74 58.26 18,393 17,856 3.0 3,301,815
164 Enterprise Financial Services Corp Clayton, Mo. 60.76 63.98 13,895 59,750 -76.7 2,361,405
165 Central Community Corp. Temple, Texas 60.90 79.37 7,813 12,815 -39.0 1,041,660
166 Tompkins Financial Corp. Ithaca, N.Y. 60.92 61.40 24,494 23,290 5.2 3,205,914
167 Commerce Bancshares Inc. Kansas City, Mo. 60.94 62.69 161,889 156,919 3.2 18,047,700
168 Smithtown Bancorp Inc. Hauppauge, N.Y. 61.03 59.07 13,504 9,392 43.8 2,429,537
169 First Commonwealth Financial Corp. Indiana, Pa. 61.07 59.37 43,154 43,320 -0.4 6,343,940
170 German American Bancorp Inc. Jasper, Ind. 61.14 65.41 10,266 10,081 1.8 1,254,794
171 Sandy Spring Bancorp Inc. Olney, Md. 61.16 61.29 24,892 24,250 2.6 3,675,245
172 Eagle Bancorp Inc. Bethesda, Md. 61.25 68.65 11,563 10,289 12.4 1,833,008
173 Broadway Bancshares Inc. San Antonio 61.29 63.56 18,611 17,883 4.1 2,250,135
174 State Bancorp Inc. Jericho, N.Y. 61.37 62.02 10,987 10,150 8.2 1,621,675
175 Liberty Bancshares Inc Jonesboro, Ark. 61.40 65.37 15,629 15,669 -0.3 2,551,444
176 Southern Bancorp Inc. Arkadelphia, Ark. 61.51 81.15 8,151 4,950 64.7 1,065,764
177 Canandaigua National Corp. N.Y. 61.57 63.44 13,710 12,581 9.0 1,613,056
178 First American Bank Corp. Elk Grove Village, Ill. 61.62 69.66 20,798 19,691 5.6 2,861,190
179 Sunflower Financial Inc. Salina, Kan. 61.72 62.46 13,262 13,421 -1.2 1,764,588
180 Heritage Financial Corp. Olympia, Wash. 61.74 63.40 8,111 7,759 4.5 1,011,810
181 Coppermark Bancshares Inc. Oklahoma City 61.81 67.39 8,414 8,561 -1.7 1,175,225
182 River Valley Bancorp. Inc. Wausau, Wis. 61.99 60.66 8,145 7,402 10.0 955,542
183 WesBanco Inc. Wheeling, W.Va. 62.14 64.79 35,971 34,812 3.3 5,382,741
184 MB Financial Inc. Chicago 62.18 67.56 72,088 62,158 16.0 10,185,240
185 Zions Bancorp. Salt Lake City 62.19 58.90 362,098 993,949 -63.6 51,722,707
186 Fifth Third Bancorp Cincinnati 62.25 63.66 955,913 961,377 -0.6 112,651,313
187 BBVA USA Bancshares Inc. Houston 62.26 58.94 498,497 425,959 17.0 65,169,102
188 MainSource Financial Group Inc. Greensburg, Ind. 62.43 59.94 22,485 20,477 9.8 2,861,257
189 Popular Inc. Hato Rey, Puerto Rico 62.47 66.23 280,000 304,000 -7.9 33,832,000
190 Heartland Financial USA Inc. Dubuque, Iowa 62.56 66.92 27,329 28,286 -3.4 3,998,241
191 Carolina Financial Corp. Charleston, S.C. 62.60 61.96 8,454 8,096 4.4 1,036,257
192 Chemical Financial Corp. Midland, Mich. 62.65 61.47 29,907 29,081 2.8 4,292,629
193 ACNB Corp. Gettysburg, Pa. 62.69 63.03 7,472 7,253 3.0 978,986
194 Cardinal Financial Corp. McLean, Va. 62.72 75.11 13,095 12,037 8.8 1,949,268
195 Intrust Financial Corp. Wichita 62.73 62.32 28,197 28,306 -0.4 3,686,168
196 First Interstate BancSystem Inc. Billings, Mont. 63.07 57.31 51,650 49,646 4.0 7,212,417
197 TriCo Bancshares Chico, Calif. 63.20 57.34 18,802 17,201 9.3 2,169,587
198 Mercantile Bancorp Inc. Quincy, Ill. 63.21 89.98 8,143 12,697 -35.9 1,045,794
199 Discount Bancorp Inc. New York 63.30 63.95 40,190 41,404 -2.9 9,232,842
Boiling Springs MHC Rutherford, N.J. 63.30 71.02 7,505 6,856 9.5 1,338,487

Note: Only top-tier bank holding companies that filed a Y-9C statement with the Fed as of July 28, 2010, 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 operating as of July 28, 2010.

Source:

SNL Financial
, Charlottesville, Va.
© 2010 American Banker

Banks, thrifts and holding companies