Most Efficient Bank Holding Companies

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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesYear to date through Sept. 30. Dollars in thousands.
Published July 17, 2014

Rank   Efficiency Ratio* Noninterest Expenses 3Q 2013
Assets
2013 2012 2013 2012 Change
1 Briscoe Ranch Inc. Uvalde, Texas 14.21 5.39 $2,728 $4,386 -37.8% $1,176,067
2 Beal Financial Corp. Plano, Texas 21.38 36.56 42,181 63,090 -33.1 8,879,801
3 Silver Queen Financial Services Inc. Greenwood Village, Colo. 22.86 49.65 2,567 2,011 27.6 1,939,915
4 Merchants Bancorp Carmel, Ind. 25.64 NA 2,926 NA NA 1,363,335
5 Anchor BanCorp Wisconsin Inc. Madison, Wis. 28.25 115.81 44,602 26,309 69.5 2,191,001
6 First Security Bancorp Searcy, Ark. 36.24 38.26 30,817 31,204 -1.2 4,438,185
7 SVB Financial Group Santa Clara, Calif. 36.91 62.11 160,524 135,173 18.8 23,757,075
8 United National Corp. Sioux Falls, S.D. 37.04 34.92 69,328 61,008 13.6 2,115,454
9 ServisFirst Bancshares Inc. Birmingham, Ala. 37.62 39.69 11,791 10,209 15.5 3,396,190
10 Discover Financial Services Riverwoods, Ill. 38.04 42.09 791,618 854,548 -7.4 75,544,201
11 Villages Bancorp. Inc. The Villages, Fla. 38.16 31.78 5,127 4,587 11.8 1,595,169
12 Industry Bancshares Inc. Texas 38.41 40.60 9,216 8,586 7.3 2,364,077
13 Oritani Financial Corp. Township of Washington, N.J. 38.71 36.53 10,414 9,313 11.8 2,822,296
14 Washington Federal Inc. Seattle 38.93 135.38 42,221 130,349 -67.6 13,082,859
15 Prosperity Bancshares Inc. Houston 39.28 43.94 61,028 59,695 2.2 16,060,463
16 BofI Holding Inc. San Diego 40.63 37.95 14,433 11,439 26.2 3,284,182
17 Lakeside Bancorp Inc. Chicago 41.09 42.10 4,696 4,921 -4.6 1,117,693
18 CVB Financial Corp. Ontario, Calif. 41.97 76.79 25,701 49,845 -48.4 6,557,283
19 New York Community Bancorp Inc. Westbury 42.38 40.53 149,541 153,401 -2.5 45,764,133
20 Stearns Financial Services Inc. St. Cloud, Minn. 42.69 38.95 10,490 10,650 -1.5 1,585,285
21 Luther Burbank Corp. Santa Rosa, Calif. 43.62 30.20 11,404 8,968 27.2 3,626,990
22 USAmeriBancorp Inc. Clearwater, Fla. 43.79 64.11 18,648 17,758 5.0 2,786,596
23 Bank of the Ozarks Inc. Little Rock, Ark. 44.38 46.17 32,208 28,682 12.3 4,706,465
24 Home BancShares Inc. Conway, Ark. 45.47 46.02 26,505 23,773 11.5 4,161,306
25 Center Bancorp Inc. Union, N.J. 45.59 55.36 6,205 7,498 -17.2 1,644,416
26 Dime Community Bancshares Inc. Brooklyn, N.Y. 46.04 43.45 15,429 15,485 -0.4 4,015,325
27 Eagle Bancorp Inc. Bethesda, Md. 46.08 49.02 21,587 19,406 11.2 3,506,306
28 Olney Bancshares of Texas Inc. 46.31 43.68 11,177 9,270 20.6 2,124,110
29 Ames National Corp. Iowa 46.59 46.01 5,191 5,211 -0.4 1,213,233
30 Hometown Community Bancorp Inc. Morton, Ill. 46.69 57.75 12,442 13,407 -7.2 2,829,405
31 New Hampshire Mutual Bancorp Manchester 46.78 NA 10,895 NA NA 1,362,251
32 First Bancorp Inc. Damariscotta, Maine 46.91 50.41 7,017 6,605 6.2 1,460,141
33 Intervest Bancshares Corp. New York 47.01 56.01 5,039 6,338 -20.5 1,584,239
34 BBCN Bancorp Inc. Los Angeles 47.12 43.10 35,617 28,551 24.7 6,340,987
35 Lauritzen Corp. Omaha, Neb. 47.32 48.57 18,018 15,793 14.1 1,773,588
36 Ida Grove Bancshares Inc. Iowa 47.66 42.17 5,701 4,985 14.4 1,213,396
37 East West Bancorp Inc. Pasadena, Calif. 47.67 42.56 103,605 97,459 6.3 24,493,454
38 ConnectOne Bancorp Inc. Englewood Cliffs, N.J. 48.09 48.32 5,218 4,332 20.5 1,130,154
39 John Deere Capital Corp. Reno, Nev. 48.14 NA 177,688 NA NA 31,546,545
40 Flushing Financial Corp. Lake Success, N.Y. 48.41 49.72 18,879 20,389 -7.4 4,732,265
41 Barclays Delaware Holdings LLC Wilmington 48.47 48.56 228,286 218,568 4.4 21,025,405
42 Popular Inc. Hato Rey, Puerto Rico 48.62 60.65 318,000 285,000 11.6 36,052,000
43 Stockman Financial Corp. Miles City, Mont. 49.00 47.42 14,033 12,260 14.5 2,451,741
44 NEB Corp. Fond Du Lac, Wis. 49.40 46.28 7,879 8,412 -6.3 1,506,433
45 Amarillo National Bancorp Inc. Texas 49.96 49.44 20,304 19,958 1.7 3,484,018
46 Westamerica Bancorp. San Rafael, Calif. 50.39 45.52 28,638 30,584 -6.4 4,807,627
47 Heartland Bancorp Inc. Bloomington, Ill. 50.47 47.27 20,723 13,222 56.7 2,781,506
48 Lakeland Financial Corp. Warsaw, Ind. 50.67 48.81 16,264 14,298 13.8 3,043,245
49 Farmers & Merchants Bancorp Lodi, Calif. 50.72 51.18 12,190 11,722 4.0 1,965,137
50 PrivateBancorp Inc. Chicago 50.87 58.32 66,869 75,027 -10.9 13,869,140
51 First Farmers Financial Corp. Converse, Ind. 51.05 53.35 7,177 6,918 3.7 1,159,986
52 City Holding Co. Charleston, W.Va. 51.16 55.77 23,795 21,461 10.9 3,395,025
53 Wilshire Bancorp Inc. Los Angeles, 51.20 56.65 17,848 18,539 -3.7 2,832,510
54 Capitol Federal Financial Inc. Topeka, Kan. 51.40 45.75 25,684 23,354 10.0 9,208,223
55 U.S. Bancorp Minneapolis, 51.79 49.09 2,596,000 2,609,000 -0.5 360,681,000
56 First of Long Island Corp. Glen Head, N.Y. 51.87 52.31 9,961 9,477 5.1 2,362,878
57 Texas Capital Bancshares Inc. Dallas 51.98 49.91 62,192 53,763 15.7 10,797,757
58 National Americas Holdings LLC New York 52.01 56.37 50,992 56,734 -10.1 9,063,869
59 Plains Bancorp Inc. Dimmitt, Texas 52.18 58.63 6,748 6,415 5.2 1,130,265
60 Western Alliance Bancorp. Phoenix 52.23 53.42 49,303 46,723 5.5 8,921,429
61 Square 1 Financial Inc. Durham, N.C. 52.34 60.09 13,923 11,870 17.3 2,167,745
62 Sandy Spring Bancorp Inc. Olney, Md. 52.37 60.85 27,043 26,994 0.2 4,052,969
63 Inwood Bancshares Inc. Dallas 52.68 48.76 7,598 6,785 12.0 1,555,137
64 First Bancorp Inc. Lebanon, Va. 52.84 53.16 8,103 7,768 4.3 1,289,502
65 First Financial Bankshares Inc. Abilene, Texas 52.89 47.76 35,534 27,204 30.6 5,075,635
66 Capital One Financial Corp. McLean, Va. 53.16 49.00 3,173,911 3,040,382 4.4 290,217,687
67 Cathay General Bancorp Los Angeles 53.19 52.50 49,617 47,127 5.3 10,821,446
68 Hometown Banc Corp Grand Island, Neb. 53.22 46.17 5,672 4,903 15.7 1,097,587
69 Hanmi Financial Corp. Los Angeles 53.28 58.04 18,626 18,036 3.3 2,845,137
70 Premier Financial Bancorp Inc. Huntington, W.Va. 53.29 61.06 7,572 8,045 -5.9 1,111,862
71 1867 Western Financial Corp. Stockton, Calif. 53.35 70.81 12,619 12,788 -1.3 2,144,888
72 Provident Financial Services Inc. Jersey City, N.J. 53.42 56.35 36,387 36,738 -1.0 7,341,014
73 International Bancshares Corp. Laredo, Texas 53.49 89.92 69,348 105,576 -34.3 12,076,658
74 Commerce Bancshares Inc. Kansas City, Mo. 53.67 60.00 130,647 168,109 -22.3 22,462,282
  Independence Bancshares Inc. Owensboro, Ky. 53.67 52.17 8,318 7,261 14.6 1,351,548
76 Glacier Bancorp Inc. Kalispell, Mont. 54.02 58.36 49,645 44,669 11.1 8,047,729
77 BankUnited Inc. Miami Lakes, Fla. 54.22 48.17 98,314 77,247 27.3 14,308,014
78 MidWestOne Financial Group Inc. Iowa City, Iowa 54.54 57.61 10,399 10,826 -3.9 1,738,525
79 FirstBank Holding Co. Lakewood, Colo. 54.55 52.80 75,591 70,880 6.6 13,169,177
80 Southside Bancshares Inc. Tyler, Texas 54.57 60.45 20,248 19,050 6.3 3,469,623
81 American National Bankshares Inc. Danville, Va. 54.60 56.48 8,392 8,609 -2.5 1,324,185
82 Citizens & Northern Corp. Wellsboro, Pa. 54.63 62.60 8,591 10,396 -17.4 1,232,952
83 Central Community Corp. Temple, Texas 54.65 56.36 8,448 7,874 7.3 1,310,971
84 Community Trust Bancorp Inc. Pikeville, Ky. 54.69 58.08 25,591 25,813 -0.9 3,643,854
85 First Business Financial Services Inc. Madison, Wis. 54.87 59.57 7,110 7,393 -3.8 1,264,939
  Crews Banking Corp. Wauchula, Fla. 54.87 54.69 8,066 8,104 -0.5 1,169,082
87 Southern BancShares N.C. Inc. Mount Olive 55.04 74.28 18,302 16,873 8.5 2,303,386
88 Hills Bancorp. Iowa 55.13 67.07 12,394 15,260 -18.8 2,134,140
89 TrustCo Bank Corp NY Glenville 55.16 52.83 22,026 20,416 7.9 4,463,436
90 Hudson City Bancorp Inc. Paramus, N.J. 55.19 45.50 78,489 93,877 -16.4 39,186,560
  Southeastern Bank Financial Corp. Augusta, Ga. 55.19 55.03 10,203 10,709 -4.7 1,691,592
92 Bar Harbor Bankshares Maine 55.21 56.37 6,763 6,575 2.9 1,379,270
93 M&T Bank Corp. Buffalo, N.Y. 55.45 52.88 643,550 595,764 8.0 84,427,485
94 Pinnacle Bancorp Inc. Central City, Neb. 55.50 52.41 46,226 40,288 14.7 7,550,146
95 United Bankshares Inc. Charleston, W.Va. 55.52 58.11 47,603 52,394 -9.1 8,513,818
96 CBS Banc-Corp. Russellville, Ala. 55.53 67.70 12,505 9,216 35.7 1,498,678
97 West Bancorp. Inc. West Des Moines, Iowa 55.72 53.05 7,320 6,912 5.9 1,471,113
98 Anchor Bancorp Inc. Wayzata, Minn. 55.76 56.56 10,405 9,532 9.2 1,439,822
99 Watford City Bancshares Inc. N.D. 55.77 59.77 11,321 10,331 9.6 1,494,987
100 North American Bancshares Inc. Sherman, Texas 55.91 62.90 12,302 13,066 -5.8 2,055,743
101 Alpine Banks of Colorado Glenwood Springs 55.98 64.47 17,799 17,994 -1.1 2,333,129
102 S&T Bancorp Inc. Indiana, Pa. 56.12 64.44 27,847 31,017 -10.2 4,588,128
103 First Fidelity Bancorp Inc. Oklahoma City 56.17 65.50 10,125 9,305 8.8 1,398,209
104 Pinnacle Financial Partners Inc. Nashville, Tenn. 56.22 61.12 32,622 31,179 4.6 5,391,200
105 ESB Financial Corp. Ellwood City, Pa. 56.37 55.14 7,498 7,313 2.5 1,899,859
106 Educational Services of America Inc. Knoxville, Tenn. 56.39 51.92 13,362 8,825 51.4 2,331,041
107 Financial Institutions Inc. Warsaw, N.Y. 56.95 73.02 16,947 21,546 -21.3 2,867,517
108 Enterprise Financial Services Corp Clayton, Mo. 56.97 45.49 21,235 21,278 -0.2 3,108,121
109 Bank of Kentucky Financial Corp. Crestview Hills 57.00 58.16 11,720 11,799 -0.7 1,802,224
110 NRBC Holding Corp. Chicago 57.08 44.64 4,951 5,781 -14.4 1,115,877
111 SNBNY Holdings Ltd. New York 57.17 49.09 20,759 18,881 9.9 6,489,453
112 CNB Financial Corp. Clearfield, Pa. 57.19 54.12 10,341 9,168 12.8 1,843,871
113 Nicolet Bankshares Inc. Green Bay, Wis. 57.22 68.07 10,224 5,928 72.5 1,134,567
114 Wells Fargo & Co. San Francisco 57.23 55.26 12,204,000 12,204,000 0.0 1,488,055,000
115 National Penn Bancshares Inc. Allentown, Pa. 57.27 54.74 53,603 53,339 0.5 8,424,623
116 Austin BanCorp Inc. Jacksonville, Texas 57.44 57.82 11,668 11,458 1.8 1,435,970
117 Customers Bancorp Inc. Wyomissing, Pa. 57.57 38.58 18,428 12,802 43.9 3,925,112
118 WSFS Financial Corp. Wilmington, Del. 58.05 64.94 32,876 30,757 6.9 4,442,656
119 United Community Banks Inc. Blairsville, Ga. 58.06 56.72 40,311 36,218 11.3 7,243,293
120 Stock Yards Bancorp Inc. Louisville, Ky. 58.09 51.70 17,477 16,616 5.2 2,289,903
121 American National Corp. Omaha, Neb. 58.36 54.43 17,425 14,055 24.0 2,551,239
122 German American Bancorp Inc. Jasper, Ind. 58.49 55.13 13,584 12,728 6.7 2,060,545
123 Wilson Bank Holding Co. Lebanon, Tenn. 58.51 56.00 11,071 10,258 7.9 1,720,570
124 Arrow Financial Corp. Glens Falls, N.Y. 58.61 57.39 13,133 12,922 1.6 2,156,858
125 TriState Capital Holdings Inc. Pittsburgh 59.09 61.29 10,016 9,995 0.2 2,200,897
126 Longview Financial Corp. Texas 59.13 55.07 10,767 9,580 12.4 1,735,146
127 Fifth Third Bancorp Cincinnati 59.31 63.78 958,743 1,006,013 -4.7 125,672,964
128 First Bancshares Inc. Merrillville, Ind. 59.46 59.14 18,093 17,143 5.5 2,276,861
129 Cullen/Frost Bankers Inc. San Antonio 59.64 59.93 151,611 143,111 5.9 23,566,006
130 CM Florida Holdings Inc. Coral Gables 59.69 59.68 24,531 23,326 5.2 4,815,829
131 First Interstate BancSystem Inc. Billings, Mont. 59.74 60.37 52,921 54,556 -3.0 7,497,512
132 Farmers & Merchants Investment Inc. Lincoln, Neb. 59.85 71.30 25,268 24,008 5.2 2,935,566
133 Bank of Hawaii Corp. Honolulu 59.87 58.19 83,001 85,165 -2.5 13,916,694
134 CBFH Inc. Beaumont, Texas 59.88 64.98 16,275 11,849 37.4 2,457,947
135 First Bancorp Southern Pines, N.C. 59.89 62.55 23,630 23,657 -0.1 3,173,659
136 United Community Bancorp Inc. Chatham, Ill. 59.92 54.25 7,257 7,306 -0.7 1,274,104
137 Dacotah Banks Inc. Aberdeen, S.D. 59.99 61.84 13,988 13,414 4.3 2,067,921
138 Valley View Bancshares Inc. Overland Park, Kan. 60.00 65.62 16,668 17,003 -2.0 3,213,333
139 Security National Corp. Dakota Dunes, S.D. 60.01 56.93 7,768 7,311 6.3 1,174,932
140 Third Federal Savings and Loan of Cleveland MHC 60.11 59.89 42,353 42,616 -0.6 11,269,306
141 Lake Michigan Financial Corp. Holland 60.15 64.89 6,185 6,788 -8.9 1,093,106
142 First Niagara Financial Group Inc. Buffalo, N.Y. 60.16 67.59 231,379 268,236 -13.7 37,380,836
143 Camden National Corp. Maine 60.23 56.20 15,175 13,379 13.4 2,597,255
144 Susquehanna Bancshares Inc. Lititz, Pa. 60.29 60.56 117,699 122,910 -4.2 18,481,150
145 PNC Financial Services Group Inc. Pittsburgh 60.36 63.62 2,414,204 2,641,207 -8.6 308,912,603
146 Community Bank System Inc. DeWitt, N.Y. 60.39 64.23 54,504 55,593 -2.0 7,302,017
147 WesBanco Inc. Wheeling, W.Va. 60.40 61.19 39,932 36,677 8.9 6,147,413
148 Pulaski Financial Corp. St. Louis, Mo. 60.41 53.26 9,437 8,305 13.6 1,275,944
149 Brookline Bancorp Inc. Boston 60.48 57.50 29,419 30,188 -2.5 5,254,051
150 F.N.B. Corp. Hermitage, Pa. 60.56 57.40 83,221 77,082 8.0 12,790,279
  First Citizens Bancshares Inc. Dyersburg, Tenn. 60.56 59.44 8,188 7,536 8.7 1,164,360
152 Pacific Continental Corp. Eugene, Ore. 60.66 59.71 9,300 8,221 13.1 1,454,858
153 Central Bancompany Inc. Jefferson City, Mo. 60.75 56.02 75,760 74,234 2.1 10,443,416
154 First Commonwealth Financial Corp. Indiana, Pa. 60.92 67.68 39,562 44,338 -10.8 6,150,962
155 First Bank Corp Fort Smith, Ark. 60.93 54.87 11,707 11,581 1.1 1,552,420
156 Webster Financial Corp. Waterbury, Conn. 60.96 62.48 123,260 124,295 -0.8 20,614,348
157 Fishback Financial Corp. Brookings, S.D. 60.98 58.54 14,711 13,319 10.5 1,784,660
  WashingtonFirst Bankshares Inc. Reston, Va. 60.98 80.66 7,116 4,818 47.7 1,123,191
159 Canandaigua National Corp. N.Y. 61.03 60.42 16,462 16,640 -1.1 1,953,505
160 First York Ban Corp. York, Neb. 61.04 58.97 9,513 8,716 9.1 1,256,941
161 CBX Corp. Carrollton, Ill. 61.06 58.45 5,624 5,425 3.7 1,132,687
162 NBT Bancorp Inc. Norwich, N.Y. 61.10 64.66 56,429 49,615 13.7 7,668,903
  Chemical Financial Corp. Midland, Mich. 61.10 60.56 41,617 38,022 9.5 6,258,236
164 First Citizens Financial Corp. Mason City, Iowa 61.14 58.05 6,233 5,922 5.3 1,175,759
165 Northfield Bancorp Inc. Woodbridge, N.J. 61.24 NA 13,314 NA NA 2,732,223
166 W.T.B. Financial Corp. Spokane, Wash. 61.31 59.40 29,628 27,588 7.4 4,428,348
167 Washington Trust Bancorp Inc. Westerly, R.I. 61.34 64.95 25,550 26,207 -2.5 3,134,192
168 Bryn Mawr Bank Corp. Pa. 61.36 64.51 19,275 18,972 1.6 2,058,973
169 Park National Corp. Newark, Ohio 61.41 59.53 44,715 45,683 -2.1 6,707,089
170 First Financial Bancorp. Cincinnati 61.43 61.08 48,342 53,672 -9.9 6,253,441
171 RCB Holding Co. Inc. Claremore, Okla. 61.45 64.13 13,721 14,155 -3.1 2,049,289
172 BB&T Corp. Winston-Salem, N.C. 61.46 61.34 1,465,569 1,512,870 -3.1 181,050,008
173 NASB Financial Inc. Grandview, Mo. 61.49 61.80 16,983 20,430 -16.9 1,144,140
174 Bank of Marin Bancorp Novato, Calif. 61.70 56.41 10,107 9,592 5.4 1,483,603
175 1st Source Corp. South Bend, Ind. 61.71 63.78 38,393 38,844 -1.2 4,650,646
176 LegacyTexas Group Inc. Plano 61.75 80.78 12,700 15,627 -18.7 1,711,937
177 Banc Ed Corp. Edwardsville, Ill. 61.85 53.41 9,755 11,956 -18.4 1,682,048
178 Bremer Financial Corp. St. Paul, Minn. 61.89 61.39 64,806 63,271 2.4 8,438,616
179 Fremont Bancorp. Calif. 61.99 63.86 32,285 31,096 3.8 2,575,658
180 Tompkins Financial Corp. Ithaca, N.Y. 62.02 87.17 37,554 46,194 -18.7 4,932,428
181 PacWest Bancorp Los Angeles 62.22 61.50 58,550 46,169 26.8 6,618,186
182 Territorial Bancorp Inc. Honolulu 62.24 61.01 8,720 8,602 1.4 1,561,511
183 Summit Financial Group Inc. Moorefield, W.Va. 62.45 71.43 7,594 7,471 1.6 1,387,787
184 Wintrust Financial Corp. Rosemont, Ill. 62.57 62.54 120,111 123,122 -2.4 17,682,548
185 Lakeland Bancorp Inc. Oak Ridge, N.J. 62.64 59.48 20,407 16,968 20.3 3,299,752
186 OceanFirst Financial Corp. Toms River, N.J. 62.73 60.92 13,968 14,119 -1.1 2,298,162
187 First National of Nebraska Inc. Omaha 62.77 67.24 193,602 198,153 -2.3 15,977,890
188 First Financial Corp. Terre Haute, Ind. 63.03 58.88 23,963 22,841 4.9 3,019,365
189 Univest Corp. of Pennsylvania Souderton 63.13 62.73 19,988 19,058 4.9 2,252,996
190 First Defiance Financial Corp. Defiance, Ohio 63.26 63.63 15,972 16,388 -2.5 2,058,430
191 Northwest Bancshares Inc. Warren, Pa. 63.32 63.67 52,309 54,444 -3.9 7,959,072
192 BancWest Corp. San Francisco 63.39 59.62 453,340 439,388 3.2 81,729,444
193 Franklin Resources Inc. San Mateo, Calif. 63.42 63.45 1,251,536 1,187,791 5.4 15,280,194
194 Independent Bank Corp. Rockland, Mass. 63.43 63.15 41,020 39,947 2.7 5,895,464
195 Penns Woods Bancorp Inc. Williamsport, Pa. 63.46 50.50 8,975 5,458 64.4 1,204,090
196 First Mid-Illinois Bancshares Inc. Mattoon 63.48 59.19 11,118 10,508 5.8 1,546,617
197 Century Bancorp Inc. Medford, Mass. 63.50 59.72 13,978 13,663 2.3 3,361,083
198 ViewPoint Financial Group Inc. Plano, Texas 63.55 53.98 22,160 21,194 4.6 3,384,893
199 Huntington Bancshares Inc. Columbus, Ohio 63.60 64.77 442,449 460,017 -3.8 56,648,251
200 BNC Bancorp High Point, N.C. 63.70 72.01 21,624 16,334 32.4 2,968,709


Note: Only top-tier holding companies that file a Y-9C statement with the Fed as of June 6, 2014, are included. *Noninterest expense divided by (total income minus interest expense). Figures for prior periods are not adjusted for mergers and acquisitions.

Source:

SNL Financial
, Charlottesville, Va.
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