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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

September 02, 2004, 10:08 a.m. EDT 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding Companies
In the first quarter of 2004, among the largest 500. Dollars in thousands
Published September 2, 2004
Related Table: Most Improved in Efficiency and Noninterest Expense
Rank   Efficiency ratio* Noninterest expense March 21, 2004 assets
1Q 2004 Yr earlier 1Q 2004 Yr earlier Change
1 First Financial Holdings MHC Renton, Wash. 18.40% 19.88% $837 $727 15.13% $736,899
2 New York Community Bancorp Inc. Westbury 20.65 27.62 49,786 35,427 40.53 26,495,880
3 Intervest Bancshares Corp. New York 24.47 34.51 1,918 1,784 7.51 993,010
4 Amboy Bancorp. Old Bridge, N.J. 26.69 34.63 6,316 7,795 -18.97 2,259,161
5 Doral Financial Corp. San Juan, Puerto Rico 29.09 35.37 45,832 44,417 3.19 12,076,555
6 W Holding Co. Inc. Mayaguez, Puerto Rico 30.05 33.63 23,495 19,251 22.05 12,145,941
7 SBC Inc. Countryside, Ill. 32.65 32.86 3,095 2,754 12.38 774,841
8 ITLA Capital Corp. La Jolla, Calif. 32.89 29.59 11,725 10,860 7.97 2,127,643
9 Bank of Highland Park Financial Ill. 33.36 36.56 1,944 1,940 0.21 674,398
10 Corus Bankshares Inc. Chicago 34.23 36.24 14,171 11,600 22.16 3,691,906
11 North Fork Bancorp. Melville, N.Y. 35.94 33.13 87,429 80,631 8.43 21,974,933
12 Northern Empire Bancshares Santa Rosa, Calif. 37.77 41.72 3,752 3,231 16.13 904,512
13 West Bancorp. Inc. West Des Moines 38.04 30.48 4,300 2,906 47.97 972,422
14 Pacific Capital Bancorp Santa Barbara, Calif. 38.07 38.39 47,257 44,142 7.06 5,629,675
15 Lauritzen Corp. Omaha 39.46 38.55 9,566 8,768 9.10 1,157,647
16 Cathay General Bancorp Los Angeles 41.19 37.51 22,855 11,332 101.69 5,686,215
17 Westamerica Bancorp. San Rafael, Calif. 41.24 39.81 26,806 25,535 4.98 4,426,243
18 First Bancorp San Juan, Puerto Rico 41.38 46.59 43,244 39,705 8.91 13,347,462
19 Stearns Financial Services St. Cloud, Minn. 41.76 47.46 7,717 6,990 10.40 1,079,568
20 United National Corp. Sioux Falls, S.D. 42.09 51.60 63,620 66,094 -3.74 1,019,156
21 East West Bancorp Inc. San Marino, Calif. 42.17 45.71 20,851 17,398 19.85 4,622,860
22 GreenPoint Financial Corp. New York 42.27 37.13 134,827 121,782 10.71 23,842,795
23 UCBH Holdings Inc. San Francisco 42.50 46.30 22,813 19,800 15.22 5,723,079
24 R&G Financial Corp. San Juan, Puerto Rico 42.82 45.24 44,812 35,862 24.96 8,584,177
25 NSB Holding Corp. Staten Island, N.Y. 43.24 48.12 5,053 5,118 -1.27 1,466,078
26 Frontier Financial Corp. Everett, Wash. 43.28 41.26 12,167 11,159 9.03 2,154,113
27 City National Bancshares Miami 43.50 38.53 11,809 11,293 4.57 2,420,250
28 S&T Bancorp Inc. Indiana, Pa. 43.83 42.16 14,755 14,182 4.04 2,941,274
29 Royal Bancshares of Pennsylvania Inc. Narberth 43.89 39.75 6,062 4,337 39.77 1,215,805
30 INB Financial Corp. McAllen, Tex. 43.93 47.48 4,236 3,663 15.64 757,224
31 Ames National Corp. Iowa 44.38 45.40 3,653 3,500 4.37 798,896
32 Republic Bancorp Inc. Owosso, Mich. 44.65 50.39 21,022 25,457 -17.42 5,550,459
33 Ocean Bankshares Inc. Miami 44.91 46.17 24,668 23,497 4.98 4,374,402
34 Bank of the Ozarks Inc. Little Rock 45.44 45.14 8,384 6,754 24.13 1,426,832
35 National City Corp. Cleveland 45.67 50.93 982,102 1,007,044 -2.48 111,355,060
36 First Olathe Bancshares Inc. Overland Park, Kan. 45.88 60.61 7,457 7,306 2.07 1,041,793
37 Delta Bancshares Co. St. Louis 46.18 44.61 2,531 2,383 6.21 695,552
38 Parkway Bancorp Inc. Harwood Heights, Ill. 46.21 47.25 7,220 7,059 2.28 1,569,919
39 Great Southern Bancorp Inc. Springfield, Mo. 46.63 45.60 9,321 8,111 14.92 1,599,610
40 Hanmi Financial Corp. Los Angeles 46.85 53.79 10,348 8,936 15.80 1,760,794
41 Hudson Valley Holding Corp. Yonkers, N.Y. 46.92 47.73 8,849 8,035 10.13 1,689,377
42 U.S. Bancorp Minneapolis 47.01 49.71 1,458,500 1,574,400 -7.36 192,093,000
43 Franklin Financial Corp. Tenn. 47.04 49.20 4,420 5,095 -13.25 946,980
44 Chambers Bancshares Inc. Danville, Ark. 47.30 48.52 4,039 4,064 -0.62 648,275
45 Texas Regional Bancshares McAllen 47.35 46.12 27,009 21,622 24.91 5,453,371
46 Vineyard Nat’l Bancorp Rancho Cucamonga, Calif. 47.37 61.73 5,927 3,261 81.75 1,106,876
47 Berkshire Bancorp Inc. New York 47.45 50.65 2,962 2,712 9.22 946,660
48 Park National Corp. Newark, Ohio 47.53 43.76 31,525 30,069 4.84 4,995,957
49 Oriental Financial Group San Juan, Puerto Rico 47.64 51.43 14,997 13,770 8.91 3,466,306
50 MBT Financial Corp. Monroe, Mich. 47.76 46.48 7,872 7,374 6.75 1,413,541
51 Valley National Bancorp Wayne, N.J. 47.77 47.88 53,082 54,139 -1.95 10,139,088
52 Bankfirst Corp. Inc. Sioux Falls, S.D. 47.99 35.89 20,483 23,161 -11.56 704,602
53 First National Bank Group Edinburg, Tex. 48.01 54.23 12,769 9,555 33.64 2,442,682
54 Mercantile Bank Corp. Wyoming, Mich. 48.05 50.30 5,156 4,030 27.94 1,293,935
55 Prosperity Bancshares Inc. Houston 48.10 48.97 12,427 9,898 25.55 2,450,542
56 Hillcrest Bancshares Inc. Overland Park, Kan. 48.24 51.25 4,964 4,647 6.82 1,101,576
57 Valley View Bancshares Inc. Overland Park, Kan. 48.33 47.59 13,135 12,765 2.90 2,388,022
58 Fifth Third Bancorp Cincinnati 48.37 45.33 662,984 579,785 14.35 93,732,210
59 Horizon Financial Corp. Bellingham, Wash. 48.43 42.76 4,882 4,193 16.43 858,619
60 Associated Banc-Corp Green Bay, Wis. 48.57 46.33 86,883 86,560 0.37 15,541,210
61 Republic Bancorp Inc. Louisville, Ky. 48.71 44.78 17,977 15,957 12.66 2,203,714
62 First Citizens Financial Corp. Mason City, Iowa 48.72 48.06 3,594 3,400 5.71 766,046
63 Commercial Bankshares Inc. Miami 48.75 48.53 4,127 3,572 15.54 842,585
64 First Financial Corp. Terre Haute, Ind. 49.13 54.73 15,532 15,425 0.69 2,190,443
65 Virginia Commerce Bancorp Arlington 49.26 54.78 5,047 4,918 2.62 956,443
66 Countrywide Financial Corp. Calabasas, Calif. 49.40 62.57 1,076,689 999,029 7.77 100,267,575
67 SouthTrust Corp. Birmingham, Ala. 49.46 52.11 284,322 309,207 -8.05 52,867,510
68 Minnwest Corp. Minnetonka, Minn. 49.49 52.35 5,370 4,883 9.97 925,544
69 FirstBank Holding Co. Lakewood, Colo. 49.81 52.34 41,401 43,406 -4.62 6,978,304
70 CVB Financial Corp. Ontario, Calif. 49.82 46.84 23,237 19,070 21.85 4,009,916
71 National Bankshares Inc. Blacksburg, Va. 50.05 50.12 4,730 4,533 4.35 708,142
72 Glacier Bancorp Inc. Kalispell, Mont. 50.15 50.61 18,289 15,670 16.71 2,829,041
73 First Financial Bankshares Inc. Abilene, Tex. 50.33 52.72 15,890 15,112 5.15 2,077,694
74 ESB Acquisition Corp. New York 50.43 NA 42,803 NA NA 9,924,857
75 Mercantile Bankshares Corp. Baltimore 50.49 46.72 93,386 69,781 33.83 14,142,382
76 City Holding Co. Cross Lanes, W.Va. 50.55 52.91 16,426 16,217 1.29 2,218,760
77 International Bancshares Corp. Laredo, Tex. 50.61 44.07 37,687 38,344 -1.71 6,587,572
78 Arrow Financial Corp. Glens Falls, N.Y. 50.91 51.44 8,127 8,117 0.12 1,394,285
79 United Bankshares Inc. Charleston, W.Va. 50.92 52.39 37,024 37,542 -1.38 6,430,653
80 PrivateBancorp Inc. Chicago 50.99 57.84 10,539 9,419 11.89 2,139,094
81 Durant Bancorp Durant, Okla. 51.03 51.49 6,677 5,969 11.86 1,003,885
82 American National Corp. Omaha 51.32 51.62 8,167 8,182 -0.18 1,330,348
83 Investors Bancorp MHC Millburn, N.J. 51.48 55.36 13,768 13,028 5.68 5,433,130
84 Harleysville National Corp. Pa. 51.54 56.67 13,818 15,513 -10.93 2,542,328
Fishback Financial Corp. Brookings, S.D. 51.54 59.24 6,657 6,586 1.08 790,034
86 United Bancorp. of Wyoming Jackson 51.63 52.39 5,189 5,017 3.43 881,154
87 Central Coast Bancorp Salinas, Calif. 52.03 52.22 6,032 5,574 8.22 1,021,222
88 Suffolk Bancorp Riverhead, N.Y. 52.10 49.86 9,120 9,135 -0.16 1,298,170
89 First Busey Corp. Urbana, Ill. 52.17 56.45 9,459 10,382 -8.89 1,533,594
90 Security National Corp. Sioux City, Iowa 52.24 52.37 5,492 5,472 0.37 810,366
91 First Midwest Bancorp Inc. Itasca, Ill. 52.29 49.86 40,200 36,771 9.33 6,851,856
92 Harleysville Savings Financial Corp. Pa. 52.48 50.40 1,880 1,730 8.67 693,912
93 Banknorth Group Inc. Portland, Maine 52.60 53.00 160,150 150,193 6.63 26,883,941
94 Central Pacific Financial Honolulu 52.62 49.27 14,169 12,938 9.51 2,284,325
95 Southern Financial Bancorp Warrenton, Va. 52.66 46.23 6,464 5,213 24.00 1,465,236
96 City National Corp. Beverly Hills, Calif. 52.69 50.90 94,531 85,886 10.07 13,222,357
97 Dickinson Financial Corp II Kansas City, Mo. 52.79 57.90 32,636 29,743 9.73 3,278,175
98 Orion Bancorp Inc. Naples, Fla. 52.91 54.52 6,020 4,885 23.23 1,032,812
99 First South Bancorp Inc. Washington, N.C. 52.94 47.91 4,892 4,352 12.41 710,190
100 U.S.B. Holding Co. Inc. Orangeburg, N.Y. 53.18 52.99 12,003 10,822 10.91 2,909,198
101 Hometown Community Bancorp Morton, Ill. 53.44 52.25 3,650 3,305 10.44 1,052,706
102 Camden National Corp. Maine 53.51 52.22 8,033 7,602 5.67 1,356,661
103 Center Financial Corp. Los Angeles 53.59 59.38 7,274 6,128 18.70 1,067,481
104 RCB Holding Co. Inc. Claremore, Okla. 53.61 55.42 4,553 4,535 0.40 668,629
105 Citigroup Inc. New York 53.83 56.61 11,525,000 10,435,000 10.45 1,317,591,000
106 American Chartered Bancorp Schaumburg, Ill. 54.06 59.91 7,696 6,518 18.07 1,415,120
107 American State Financial Corp. Lubbock, Tex. 54.24 55.25 11,152 10,455 6.67 1,705,407
108 Porter Bancorp Inc. Shepherdsville, Ky. 54.27 56.46 4,297 4,086 5.16 801,643
109 Sky Financial Group Inc. Bowling Green, Ohio 54.32 52.95 78,503 73,224 7.21 12,093,391
110 National Commerce Financial Corp. Memphis 54.54 65.46 164,525 188,863 -12.89 23,034,758
111 Citizens Bancshares Co. Chillicothe, Mo. 54.57 49.76 5,427 4,926 10.17 1,013,549
112 Sterling Bancorp New York 54.68 56.61 14,676 14,879 -1.36 1,735,366
113 Peoples Bancorp Inc. Marietta, Ohio 54.74 54.01 10,290 9,704 6.04 1,722,036
114 First Bank Corp. Fort Smith, Ark. 54.81 54.33 7,976 7,621 4.66 1,026,766
115 F.N.B. Corp. Naples, Fla. 54.83 61.96 34,611 65,537 -47.19 4,635,436
116 Oak Hill Financial Inc. Jackson, Ohio 54.87 54.49 6,424 5,903 8.83 955,413
117 Bank of Granite Corp. Granite Falls, N.C. 54.89 42.46 7,331 5,412 35.46 977,993
118 South Financial Group Greenville, S.C. 54.97 58.96 57,271 48,890 17.14 10,858,102
119 Chemical Financial Corp. Midland, Mich. 54.99 52.19 25,710 23,671 8.61 3,910,572
120 Main Street Trust Inc. Champaign, Ill. 55.02 52.94 8,197 8,064 1.65 1,182,602
121 Massbank Corp. Reading, Mass. 55.11 51.36 3,163 3,048 3.77 1,006,221
122 IberiaBank Corp. Lafayette, La. 55.12 54.73 13,286 11,544 15.09 2,270,452
123 MBNA Corp. Wilmington, Del. 55.15 54.71 1,436,881 1,284,260 11.88 61,127,881
124 Peapack-Gladstone Financial Gladstone, N.J. 55.19 53.19 6,044 5,483 10.23 974,679
125 Cascade Financial Corp. Everett, Wash. 55.24 61.59 4,608 4,845 -4.89 897,353
126 West Suburban Bancorp Inc. Lombard, Ill. 55.25 47.66 10,793 9,565 12.84 1,754,052
127 Trustmark Corp. Jackson, Miss. 55.27 62.95 53,698 58,828 -8.72 8,090,463
128 Boiling Springs MHC Rutherford, N.J. 55.54 58.36 4,889 4,578 6.79 1,097,078
129 First National Community Bancorp Dunmore, Pa. 55.56 51.40 4,177 3,625 15.23 828,934
130 First of Long Island Corp. Glen Head, N.Y. 55.58 53.58 6,030 5,686 6.05 923,502
131 Shore Bancshares Inc. Easton, Md. 55.63 55.24 5,213 4,822 8.11 711,507
132 Southwest Bancorp Inc. Stillwater, Okla. 55.82 54.84 10,514 8,894 18.21 1,692,270
133 Comerica Inc. Detroit 55.83 51.12 368,876 367,197 0.46 54,771,586
134 Exchange National Bankshares Jefferson City, Mo. 55.85 54.53 4,688 4,522 3.67 901,201
135 First M&F Corp. Kosciusko, Miss. 55.86 62.41 8,100 8,255 -1.88 1,096,475
136 MB Financial Inc. Chicago 55.90 56.06 29,350 27,303 7.50 4,432,980
137 Bridgeview Bancorp Inc. Ill. 55.94 82.19 7,386 11,684 -36.79 1,085,142
Summit Bancshares Inc. Fort Worth 55.94 54.41 5,530 4,797 15.28 860,361
139 Fulton Financial Corp. Lancaster, Pa. 56.02 52.07 62,477 55,882 11.80 9,616,006
140 First Banks Inc. St. Louis 56.13 59.87 54,256 60,629 -10.51 7,341,796
141 Main Street Banks Inc. Kennesaw, Ga. 56.15 54.30 15,579 11,108 40.25 2,042,866
142 AmSouth Bancorp. Birmingham, Ala. 56.18 52.25 322,428 289,606 11.33 47,449,290
143 Hibernia Corp. New Orleans 56.22 57.03 145,240 140,364 3.47 18,716,765
144 Wells Fargo & Co. San Francisco 56.23 57.56 4,010,000 3,748,000 6.99 397,354,000
145 Wilson Bank Holding Co. Lebanon, Tenn. 56.34 50.72 5,624 4,930 14.08 879,558
146 Cascade Bancorp Bend, Ore. 56.39 49.01 7,398 5,717 29.40 813,470
147 Zions Bancorp. Salt Lake City 56.47 58.40 222,018 215,807 2.88 29,789,703
148 Stockman Financial Corp. Miles City, Mont. 56.50 56.44 5,727 5,384 6.37 906,913
149 Bank of Kentucky Financial Corp. Crestview Hills 56.56 56.60 5,214 4,937 5.61 819,209
Lone Star National Bancshares of Texas Pharr 56.56 58.70 5,227 4,241 23.25 942,509


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

Source: Highline Banking Data Services (877-299-9424)

© 2004 American Banker

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