Most Efficient Bank Holding Companies

June 02, 2004, 10:08 a.m. EDT 1 Min Read

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Most Efficient Bank Holding Companies
Among the largest 500 in 2003. Dollars in thousands Published May 26, 2004
Related Table: Most Improved in Efficiency and Noninterest Expenses
Rank		Efficiency ratio*		Noninterest expense			Dec. 2003 assets
Rank		2003	2002	2003	2002	Change	Dec. 2003 assets
1	First Financial Holdings Renton, Wash.	21.83%	21.41%	$3,174	$3,102	2.32%	$728,549
2	Hudson City MHC Paramus, N.J.	25.18	23.69	102,581	93,642	9.55	17,033,360
3	New York Community Bancorp Inc. Westbury	27.51	30.25	176,250	138,389	27.36	23,503,762
4	Intervest Bancshares Corp. New York	28.58	33.67	7,209	6,479	11.27	910,595
5	Amboy Bancorp. Old Bridge, N.J.	30.75	32.85	30,166	28,773	4.84	2,244,073
6	W Holding Co. Inc. Mayaguez, Puerto Rico	31.45	38.98	84,994	74,411	14.22	11,519,440
7	Doral Financial Corp. San Juan, Puerto Rico	31.52	36.13	185,289	138,585	33.70	10,393,996
8	SBC Inc. Countryside, Ill.	32.20	33.14	11,559	10,686	8.17	754,543
9	West Bancorp. Inc. West Des Moines	35.67	29.09	15,336	11,224	36.64	1,000,612
10	North Fork Bancorp. Melville, N.Y.	35.86	31.50	346,222	305,113	13.47	20,961,641
11	Bank of Highland Park Financial Ill.	35.88	35.16	7,876	7,414	6.23	654,246
12	Bankfirst Corp. Inc. Sioux Falls, S.D.	37.50	39.28	84,385	126,949	-33.53	738,803
13	Corus Bankshares Inc. Chicago	37.57	40.66	52,255	47,472	10.08	3,643,830
14	Cathay General Bancorp Los Angeles	38.85	36.38	55,393	43,768	26.56	5,540,290
15	GreenPoint Financial Corp. New York	39.12	35.11	496,382	429,470	15.58	22,978,970
16	Royal Bancshares of Pennsylvania Inc. Narberth	39.47	41.84	17,949	18,073	-0.69	1,154,410
17	ITLA Capital Corp. La Jolla, Calif.	39.74	NA	37,159	NA	NA	1,814,186
18	Westamerica Bancorp. San Rafael, Calif.	40.20	40.41	103,869	103,323	0.53	4,581,686
19	Frontier Financial Corp. Everett, Wash.	41.63	40.59	46,101	42,411	8.70	2,078,946
20	City National Bancshares Miami	42.00	42.06	45,374	45,709	-0.73	2,348,882
21	Northern Empire Bancshares Santa Rosa, Calif.	42.05	41.81	14,174	11,691	21.24	848,226
22	Stearns Financial Services St. Cloud, Minn.	42.38	43.77	28,115	27,855	0.93	1,039,905
23	Ocean Bankshares Inc. Miami	43.39	42.29	95,308	87,697	8.68	4,297,212
24	UCBH Holdings Inc. San Francisco	43.45	47.55	80,208	64,349	24.65	5,585,190
25	Lauritzen Corp. Omaha	43.54	47.66	39,814	38,752	2.74	1,153,637
26	First Bancorp San Juan, Puerto Rico	43.65	42.44	164,738	133,370	23.52	12,667,910
27	East West Bancorp Inc. San Marino, Calif.	44.19	44.17	78,206	64,302	21.62	4,055,396
28	Parkway Bancorp Inc. Harwood Heights, Ill.	44.30	46.00	25,951	27,339	-5.08	1,528,071
29	Valley View Bancshares Inc. Overland Park, Kan.	44.35	45.13	50,117	49,750	0.74	2,333,176
30	MBT Financial Corp. Monroe, Mich.	44.92	41.00	29,433	26,522	10.98	1,458,527
31	S&T Bancorp Inc. Indiana, Pa.	44.95	42.41	60,724	51,739	17.37	2,885,540
32	NSB Holding Corp. Staten Island, N.Y.	44.97	60.02	19,165	26,304	-27.14	1,467,086
33	Fifth Third Bancorp Cincinnati	45.54	46.27	2,441,751	2,216,229	10.18	91,143,023
34	U.S. Bancorp Minneapolis	45.59	50.35	5,611,500	6,280,700	-10.65	189,286,000
35	Park National Corp. Newark, Ohio	45.63	45.95	122,376	119,964	2.01	5,034,956
36	R&G Financial Corp. San Juan, Puerto Rico	46.05	46.28	167,524	124,360	34.71	8,198,880
37	Ames National Corp. Ames, Iowa	46.17	43.43	14,822	13,287	11.55	753,305
38	Bank of the Ozarks Inc. Little Rock	46.33	46.35	31,992	24,915	28.40	1,386,739
39	Delta Bancshares Co. St. Louis	46.47	46.26	9,842	9,685	1.62	682,298
40	Humboldt Bancorp Roseville, Calif.	46.48	72.25	42,726	52,560	-18.71	1,043,099
41	Bank of Granite Corp. Granite Falls, N.C.	46.50	42.26	25,495	20,231	26.02	972,114
42	Great Southern Bancorp Inc. Springfield, Mo.	46.58	42.38	34,837	29,049	19.92	1,541,466
43	INB Financial Corp. McAllen, Tex.	47.38	47.86	15,714	13,383	17.42	777,095
44	Horizon Financial Corp. Bellingham, Wash.	47.74	45.78	19,093	16,352	16.76	820,229
45	Associated Banc-Corp Green Bay, Wis.	47.98	49.49	359,115	361,718	-0.72	15,268,429
46	Southern Financial Bancorp Warrenton, Va.	48.18	46.39	22,969	18,472	24.34	1,093,675
47	International Bancshares Corp. Laredo, Tex.	48.21	50.07	160,044	162,839	-1.72	6,578,336
48	Commercial Bankshares Inc. Miami	48.37	50.01	15,448	14,550	6.17	783,918
	First South Bancorp Inc. Washington, N.C.	48.37	49.83	17,774	16,066	10.63	676,465
50	Valley National Bancorp Wayne, N.J.	48.39	45.42	216,278	192,263	12.49	9,865,967
51	Hudson Valley Holding Corp. Yonkers, N.Y.	48.61	46.22	33,330	33,176	0.46	1,669,513
52	Texas Regional Bancshares McAllen	48.68	46.26	93,722	78,154	19.92	4,217,936
53	Trinity Capital Corp. Los Alamos, N.M.	48.87	49.08	25,276	19,734	28.08	1,005,984
54	Heartland Bancorp Inc. Bloomington, Ill.	49.01	52.44	18,927	16,817	12.55	708,252
55	FirstBank Holding Co. Lakewood, Colo.	49.22	47.66	160,312	164,637	-2.63	6,652,482
56	CVB Financial Corp. Ontario, Calif.	49.23	46.93	83,630	70,683	18.32	3,854,349
57	National Bankshares Inc. Blacksburg, Va.	49.28	49.90	18,566	17,340	7.07	708,560
58	Prosperity Bancshares Inc. Houston	49.29	47.99	41,887	32,313	29.63	2,399,330
59	Chambers Bancshares Inc. Danville, Ark.	49.44	45.59	16,707	14,222	17.47	665,657
	First Citizens Financial Corp. Mason City, Iowa	49.44	48.07	14,375	14,041	2.38	767,011
61	ESB Acquisition Corp. New York	49.47	NA	183,045	NA	NA	9,211,061
62	American National Bankshares Danville, Va.	49.66	48.35	15,111	14,285	5.78	644,302
63	Mercantile Bank Corp. Wyoming, Mich.	49.68	47.01	18,070	12,782	41.37	1,202,832
64	Charter One Financial Inc. Cleveland	50.01	48.50	803,699	734,313	9.45	42,713,133
65	First Midwest Bancorp Inc. Itasca, Ill.	50.05	49.36	149,178	147,353	1.24	6,922,017
66	MBNA Corp. Wilmington, Del.	50.14	53.08	5,108,618	4,692,537	8.87	59,126,089
67	Farmers and Merchants Bancorp Archbold, Ohio	50.36	56.65	17,806	17,740	0.37	705,703
68	Suffolk Bancorp Riverhead, N.Y.	50.39	49.03	36,190	35,552	1.79	1,323,776
69	Central Pacific Financial Honolulu	50.42	52.10	53,716	54,095	-0.70	2,170,268
70	Hillcrest Bancshares Inc. Overland Park, Kan.	50.49	51.05	19,099	18,120	5.40	1,050,926
71	Berkshire Bancorp Inc. New York	50.61	55.07	11,463	10,780	6.34	905,936
72	Republic Bancorp Inc. Owosso, Mich.	51.17	52.60	104,654	106,343	-1.59	5,353,688
73	National City Corp. Cleveland	51.18	54.61	4,085,494	3,722,398	9.75	113,933,460
74	Durant Bancorp Durant, Okla.	51.19	53.44	25,438	24,251	4.89	980,570
75	Countrywide Financial Corp. Calabasas, Calif.	51.20	74.99	4,108,815	3,111,811	32.04	97,957,619
76	SouthTrust Corp. Birmingham, Ala.	51.43	53.70	1,232,060.00	1,272,803.00	-3.20	52,128,326.00
77	West Suburban Bancorp Inc. Lombard, Ill.	51.59	52.25	40,962	37,428	9.44	1,711,117
	Mercantile Bankshares Corp. Baltimore	51.59	46.25	337,447	272,608	23.78	13,695,472
79	Oriental Financial Group Inc. San Juan	51.62	54.22	58,177	50,842	14.43	3,344,243
80	Hanmi Financial Corp. Los Angeles	51.63	52.21	39,419	34,047	15.78	1,785,748
81	Glacier Bancorp Inc. Kalispell, Mont.	51.67	50.97	69,154	60,880	13.59	2,739,633
82	Oak Hill Financial Inc. Jackson, Ohio	51.78	55.48	24,049	22,664	6.11	938,281
83	American National Corp. Omaha	51.80	49.90	33,912	30,589	10.86	1,280,114
	Harleysville Savings Financial Corp. Pa.	51.80	49.41	6,919	6,565	5.39	696,418
85	Hometown Community Bancorp Morton, Ill.	51.81	52.15	13,597	12,181	11.62	1,008,061
86	Cascade Bancorp Bend, Ore.	51.86	49.07	25,993	21,023	23.64	735,851
87	City Holding Co. Cross Lanes, W.Va.	51.87	57.23	66,157	68,551	-3.49	2,213,981
88	Camden National Corp. Maine	51.95	52.53	30,424	32,311	-5.84	1,370,363
89	Arrow Financial Corp. Glens Falls, N.Y.	51.97	49.84	33,091	31,756	4.20	1,373,920
90	Chemical Financial Corp. Midland, Mich.	52.00	51.68	94,612	95,685	-1.12	3,708,888
91	City National Corp. Beverly Hills	52.06	49.70	364,178	332,591	9.50	13,021,062
92	Virginia Commerce Bancorp Arlington	52.10	56.36	20,820	17,218	20.92	881,124
93	Citizens and Northern Corp. Wellsboro, Pa.	52.21	51.00	22,114	20,849	6.07	1,066,901
	United Bancorp of Wyoming Jackson	52.21	52.87	20,838	19,469	7.03	854,460
95	U.S.B. Holding Co. Inc. Orangeburg, N.Y.	52.37	49.87	45,240	40,260	12.37	2,906,462
96	First Financial Bankshares Inc. Abilene, Tex.	52.41	51.86	61,154	59,082	3.51	2,092,571
97	Wilson Bank Holding Co. Lebanon, Tenn.	52.48	51.68	20,821	18,797	10.77	857,827
98	New Lenox Holding Co. Ill.	52.78	55.58	19,302	18,422	4.78	997,659
99	Midwest Banc Holdings Inc. Melrose Park, Ill.	52.96	45.37	43,495	33,891	28.34	2,264,149
100	Minnwest Corp. Minnetonka, Minn.	52.97	53.04	20,852	20,342	2.51	898,393
101	Vineyard National Bancorp Rancho Cucamonga, Calif.	53.12	67.34	16,911	10,793	56.68	887,979
102	Orion Bancorp Inc. Naples, Fla.	53.13	57.05	21,246	18,983	11.92	938,840
103	Central Coast Bancorp Salinas, Calif.	53.16	48.39	23,781	20,457	16.25	1,037,840
104	Massbank Corp. Reading, Mass.	53.36	46.72	12,621	12,032	4.90	1,010,733
105	Inwood Bancshares Inc. Dallas	53.45	52.86	20,036	18,076	10.84	869,814
106	First Bancorp Troy, N.C.	53.49	52.22	37,877	32,222	17.55	1,477,651
107	Main Street Trust Inc. Champaign, Ill.	53.50	53.88	32,341	33,161	-2.47	1,154,174
108	Bank of America Corp. Charlotte	53.51	53.31	20,155,758	18,479,000	9.07	736,487,404
109	Sky Financial Group Inc. Bowling Green, Ohio	53.62	54.08	323,769	276,813	16.96	12,896,494
110	Comerica Inc. Detroit	53.65	52.08	1,484,346	1,559,766	-4.84	52,943,676
111	First National Community Bancorp Dunmore, Pa.	53.83	52.20	15,483	14,248	8.67	816,303
112	AmSouth Bancorp Birmingham, Ala.	53.86	50.89	1,204,959	1,126,624	6.95	45,670,092
	Trustmark Corp. Jackson, Miss.	53.86	52.01	218,171	211,683	3.06	7,914,321
114	Pacific Capital Bancorp Santa Barbara, Calif.	53.87	50.57	163,687	142,998	14.47	4,859,630
115	United National Corp. Sioux Falls, S.D.	53.88	39.20	261,029	241,703	8.00	947,989
116	Metropolitan Bank Group Inc. Chicago	53.90	61.55	62,832	58,587	7.25	1,751,305
117	First National Bank Holding Scottsdale, Ariz.	54.14	51.86	104,104	72,013	44.56	1,746,932
	First National Bank Group Edinburg, Tex.	54.14	53.33	44,553	35,385	25.91	2,232,378
119	Porter Bancorp Inc. Shepherdsville, Ky.	54.18	55.66	16,570	15,601	6.21	767,074
120	Stockman Financial Corp. Miles City, Mont.	54.38	56.72	22,630	20,122	12.46	926,179
121	Wilber Corp. Oneonta, N.Y.	54.39	52.47	16,639	15,960	4.25	729,023
	Fulton Financial Corp. Lancaster, Pa.	54.39	52.86	234,176	225,536	3.83	9,772,506
123	IberiaBank Corp. Lafayette, La.	54.40	55.24	50,460	43,043	17.23	2,115,811
124	FirstMerit Corp. Akron	54.43	47.66	327,032	287,110	13.90	10,476,604
125	Hibernia Corp. New Orleans	54.58	53.48	565,226	541,719	4.34	18,560,442
126	Southwest Bancorp Inc. Stillwater, Okla.	54.59	56.57	38,448	33,444	14.96	1,578,539
127	Franklin Financial Corp. Tenn.	54.60	50.46	20,445	20,656	-1.02	952,989
128	Northrim Bancorp Inc. Anchorage	54.62	57.54	24,780	23,074	7.39	738,569
129	First Busey Corp. Urbana, Ill.	54.64	56.86	39,969	38,926	2.68	1,522,084
130	Farmers National Banc Corp. Canfield, Ohio	54.66	57.66	18,372	17,564	4.60	813,211
131	American State Finance Corp. Lubbock, Tex.	54.72	53.65	42,576	39,907	6.69	1,701,179
132	Banknorth Group Inc. Portland, Maine	54.75	54.23	642,889	580,995	10.65	26,461,796
133	First Co. Bancorp Inc. Collinsville, Ill.	54.82	51.44	17,163	14,188	20.97	715,117
134	Harleysville National Corp. Pa.	54.83	52.69	59,629	56,297	5.92	2,510,939
135	Lone Star National Bancshares of Texas Pharr	54.84	51.82	18,069	13,065	38.30	837,599
136	First Federal Financial Corp. Elizabethtown, Ky.	54.91	NA	17,283	NA	NA	679,795
	Interchange Financial Services Saddle Brook, N.J.	54.91	55.83	31,240	25,626	21.91	1,385,872
138	RCB Holding Co. Inc. Claremore, Okla.	54.97	52.14	17,995	17,281	4.13	658,642
139	PrivateBancorp Inc. Chicago	54.98	58.19	40,144	29,446	36.33	1,984,923
140	Pinnacle Bancorp Inc. Central City, Neb.	55.03	56.19	96,611	91,997	5.02	3,372,997
141	First Community Bancshares Bluefield, Va.	55.07	53.11	50,537	48,779	3.60	1,672,915
142	Sterling Bancorp New York	55.09	56.86	58,636	58,796	-0.27	1,758,746
143	Banc Corp. Birmingham, Ala.	55.11	65.41	57,930	42,465	36.42	1,171,626
	Main Street Banks Inc. Kennesaw, Ga.	55.11	53.65	52,942	39,873	32.78	1,973,451
145	Hills Bancorp. Hills, Iowa	55.17	54.45	28,499	24,300	17.28	1,183,223
146	NEB Corp. Fond du Lac, Wis.	55.25	49.42	26,932	23,032	16.93	981,680
147	Compass Bancshares Birmingham, Ala.	55.36	54.67	795,788	740,246	7.50	27,032,300
148	Fishback Financial Corp Brookings, S.D.	55.43	77.03	28,050	38,465	-27.08	800,046
149	Exchange National Bankshares Inc. Jefferson City, Mo.	55.45	57.41	18,624	17,702	5.21	874,967
150	Republic Bancorp Inc. Louisville, Ky.	55.51	61.56	62,813	53,803	16.75	2,131,194

Note: Consolidated data from Y9-C reports. *Noninterest expense divided by (total income minus interest expense)

Source: Highline Banking Data Services, formally Sheshunoff Information Services (877-299-9424)