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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

November 08, 2004, 10:08 a.m. EST 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding Companies
In the second quarter of 2004, among the largest 500. Dollars in thousands
Published December 8, 2004
Related Table: Most Improved in Efficiency and Noninterest Expense
    Efficiency ratio* Noninterest expense June 30 assets
2Q '04 Yr earlier 2Q '04 Yr earlier Change
1 First Financial Holdings Renton, Wash. 17.41% 19.80% $1,584 $1,406 12.66% $736,459
2 New York Community Bancorp Inc. Westbury 19.8 27.28 100,428 70,855 41.74 24,180,468
3 Intervest Bancshares Corp. New York 25.43 30.81 3,963 3,663 8.19 1,119,266
4 Doral Financial Corp. San Juan, Puerto Rico 26.16 35.02 96,303 90,223 6.74 13,429,118
5 W Holding Co. Inc. Mayaguez, Puerto Rico 30.36 32.3 48,479 39,134 23.88 13,086,850
6 SBC Inc. Countryside, Ill. 31.94 32.27 6,127 5,558 10.24 799,237
7 Bank of Highland Park Financial Ill. 34.08 36.43 3,939 3,891 1.23 692,461
8 Corus Bankshares Inc. Chicago 34.23 38.85 28,423 25,048 13.47 3,836,484
9 Amboy Bancorp Old Bridge, N.J. 34.95 29.03 17,247 13,712 25.78 2,252,284
10 ESB Acquisition Corp. New York 34.98 NA 89,676 NA NA 9,638,726
11 North Fork Bancorp. Melville, N.Y. 35.98 35.93 185,994 175,835 5.78 26,471,859
12 Northern Empire Bancshares Santa Rosa, Calif. 37.03 41.93 7,491 6,669 12.33 959,771
13 West Bancorp. Inc. West Des Moines, Iowa 37.82 29.97 8,662 5,786 49.71 1,032,841
14 Westamerica Bancorp San Rafael, Calif. 39.99 39.62 52,186 51,011 2.3 4,617,177
15 Stearns Financial Services St. Cloud, Minn. 40.17 41.31 15,039 12,851 17.03 1,112,527
16 Cathay General Bancorp Los Angeles 40.23 38.67 45,550 23,362 94.97 5,770,129
17 East West Bancorp Inc. San Marino, Calif. 41.41 45.05 42,192 36,842 14.52 4,908,579
18 ITLA Capital Corp. La Jolla, Calif. 41.49 35.11 23,482 19,862 18.23 1,894,592
19 GreenPoint Financial Corp. New York 41.61 37.09 274,183 247,201 10.92 25,954,758
20 UCBH Holdings Inc. San Francisco 41.82 44.06 45,466 37,710 20.57 6,066,322
21 First Bancorp San Juan, Puerto Rico 41.87 48.82 88,830 79,260 12.07 14,465,082
22 Frontier Financial Corp. Everett, Wash. 42.4 40.94 24,338 22,386 8.72 2,200,781
23 U.S. Bancorp Minneapolis 42.78 50.92 2,696,100 3,275,200 -17.68 190,230,000
  United National Corp. Sioux Falls, S.D. 42.78 49.83 129,839 130,366 -0.4 968,762
25 R&G Financial Corp. Hato Rey, Puerto Rico 42.97 46.44 93,837 78,273 19.88 8,944,575
26 NSB Holding Corp. Staten Island, N.Y. 43.09 47.98 9,991 10,282 -2.83 1,496,194
27 INB Financial Corp. McAllen, Tex. 43.12 46.21 8,669 7,414 16.93 901,541
28 S&T Bancorp Inc. Indiana, Pa. 43.15 42.08 29,564 28,169 4.95 2,991,693
29 Ames National Corp. Ames, Iowa 43.74 46.73 7,331 7,283 0.66 791,122
30 Delta Bancshares Co. St. Louis 44.19 44.67 4,909 4,667 5.19 708,299
31 City National Bancshares Miami 44.41 40.08 23,630 22,456 5.23 2,571,931
32 Ocean Bankshares Inc. Miami 44.92 44.96 49,526 46,750 5.94 4,515,158
33 Hudson Valley Holding Corp. Yonkers, N.Y. 45.53 49.32 17,458 16,330 6.91 1,811,367
34 Republic Bancorp Inc. Owosso, Mich. 46.13 51.52 44,401 53,233 -16.59 5,711,493
35 Great Southern Bancorp Inc. Springfield, Mo. 46.18 45.42 18,931 16,574 14.22 1,701,163
  Royal Bancshares of Pennsylvania Inc. Narberth 46.18 40.13 12,377 8,631 43.4 1,185,746
37 Park National Corp. Newark, Ohio 46.23 43.65 61,820 60,559 2.08 5,074,731
38 Parkway Bancorp Inc. Harwood Heights, Ill. 46.34 46.22 14,208 13,365 6.31 1,586,037
39 Oriental Financial Group Inc. San Juan, Puerto Rico 46.35 52.92 29,452 28,348 3.89 3,725,695
40 First National Bank Group Edinburg, Tex. 46.4 53.26 26,527 19,590 35.41 2,643,850
41 Hillcrest Bancshares Inc. Overland Park, Kan. 46.51 51.86 9,768 9,559 2.19 1,146,864
42 Pacific Capital Bancorp Santa Barbara, Calif. 46.53 46.61 91,813 83,185 10.37 5,684,329
43 Bank of the Ozarks Inc. Little Rock 47.15 45.62 17,993 14,508 24.02 1,516,631
44 MBT Financial Corp. Monroe, Mich. 47.18 45.27 15,807 14,799 6.81 1,524,913
45 Prosperity Bancshares Inc. Houston 47.29 48.77 24,472 19,790 23.66 2,439,105
46 Valley View Bancshares Inc. Overland Park, Kan. 47.44 45.73 25,887 25,220 2.64 2,380,963
47 City Holding Co. Cross Lanes, W.Va. 47.67 51.99 33,761 32,597 3.57 2,200,485
48 Associated Banc-Corp Green Bay, Wis. 47.74 47.26 178,871 177,457 0.8 15,524,950
49 Virginia Commerce Bancorp Arlington 47.81 53.18 10,326 9,951 3.77 1,050,292
50 Commercial Bankshares Inc. Miami 47.9 48.6 8,235 7,332 12.32 850,893
51 Mercantile Bank Corp. Wyoming, Mich. 47.94 49.96 10,555 8,390 25.8 1,378,626
52 First Citizens Financial Corp. Mason City, Iowa 48.03 48.85 7,170 7,071 1.4 754,949
53 Valley National Bancorp Wayne, N.J. 48.27 48.58 107,878 110,081 -2 10,484,538
54 Fifth Third Bancorp Cincinnati 48.85 45.09 1,417,542 1,175,915 20.55 95,613,539
55 Minnwest Corp. Minnetonka, Minn. 49.23 53.98 10,941 10,288 6.35 944,498
56 PrivateBancorp Inc. Chicago 49.34 60.21 21,761 19,175 13.49 2,199,170
57 CVB Financial Corp. Ontario, Calif. 49.38 46.95 46,041 38,251 20.37 4,364,022
58 American National Corp. Omaha 49.48 50.21 17,038 16,183 5.28 1,344,797
59 Bankfirst Corp. Inc. Sioux Falls, S.D. 49.54 38.16 38,242 45,917 -16.71 676,750
60 Durant Bancorp Durant, Okla. 49.76 51.58 13,392 12,472 7.38 1,013,978
61 Berkshire Bancorp Inc. New York 49.97 50.48 6,134 5,439 12.78 970,389
62 Vineyard National Bancorp Rancho Cucamonga, Calif. 49.99 56.06 13,169 6,894 91.02 1,156,067
63 FirstBank Holding Co. Lakewood, Colo. 50.08 49.65 86,138 82,678 4.18 6,984,366
64 National Bankshares Inc. Blacksburg, Va. 50.14 48.65 9,611 8,802 9.19 788,429
65 National City Corp. Cleveland 50.26 49.3 2,053,303 2,031,047 1.1 116,969,803
66 Horizon Financial Corp. Bellingham, Wash. 50.29 44.56 10,017 8,915 12.36 877,543
67 Mercantile Bankshares Corp. Baltimore 50.43 48.59 186,753 146,830 27.19 14,130,145
68 First Olathe Bancshares Inc. Overland Park, Kan. 50.54 60.04 14,474 14,681 -1.41 1,085,119
69 Glacier Bancorp Inc. Kalispell, Mont. 50.66 51.16 37,593 32,865 14.39 2,915,909
70 Central Coast Bancorp Salinas, Calif. 50.99 52.96 12,127 11,460 5.82 1,049,485
71 First South Bancorp Inc. Washington, N.C. 51.01 48.09 9,698 8,780 10.46 719,674
72 United Bancorp of Wyoming Jackson 51.02 51.6 10,532 10,177 3.49 903,957
73 Harleysville National Corp. Pa. 51.14 59.71 28,410 32,640 -12.96 2,867,367
74 Arrow Financial Corp. Glens Falls, N.Y. 51.16 51.2 16,300 16,253 0.29 1,380,139
75 United Bankshares Inc. Charleston, W.Va. 51.17 53.01 76,391 78,239 -2.36 6,522,802
76 Lauritzen Corp. Omaha 51.33 46.49 25,074 21,075 18.98 1,194,325
77 Hometown Community Bancorp Morton, Ill. 51.36 51.89 7,263 6,509 11.58 1,047,637
78 SouthTrust Corp. Birmingham, Ala. 51.38 52.23 632,548 630,102 0.39 53,031,918
79 Texas Regional Bancshares McAllen 51.39 49.25 65,371 45,724 42.97 5,441,720
80 International Bancshares Corp. Laredo, Tex. 51.51 47.87 78,822 80,519 -2.11 9,301,205
81 Central Pacific Financial Honolulu 51.75 49.04 27,925 25,730 8.53 2,498,829
82 FSB Mutual Holdings Inc. Perkasie, Pa. 51.83 NA 6,348 NA NA 901,676
83 First Financial Bankshares Inc. Abilene, Tex. 51.84 52.22 32,388 30,626 5.75 2,080,706
84 Suffolk Bancorp Riverhead, N.Y. 51.97 50.32 18,311 18,267 0.24 1,422,527
85 First Midwest Bancorp Inc. Itasca, Ill. 52.05 50.28 79,950 74,732 6.98 6,841,201
86 Banknorth Group Inc. Portland, Maine 52.09 57.73 324,482 334,563 -3.01 29,309,081
87 Republic Bancorp Inc. Louisville, Ky. 52.12 48.82 33,123 31,286 5.87 2,213,011
88 Security National Corp. Sioux City, Iowa 52.27 53.84 11,102 11,259 -1.39 782,721
89 City National Corp. Beverly Hills 52.59 51.63 190,173 176,728 7.61 13,477,739
90 Porter Bancorp Inc. Shepherdsville, Ky. 52.67 54.9 8,538 8,208 4.02 805,464
91 First Busey Corp. Urbana, Ill. 52.72 54.41 19,643 20,257 -3.03 1,875,058
92 Trustmark Corp. Jackson, Miss. 52.92 57.19 110,230 110,731 -0.45 8,250,337
93 U.S.B. Holding Co. Inc. Orangeburg, N.Y. 52.95 53.68 24,828 22,388 10.9 2,975,438
94 Hanmi Financial Corp. Los Angeles 53.06 54.03 28,643 19,183 49.31 3,089,433
95 Harleysville Savings Financial Corp. Pa. 53.08 50.56 3,762 3,453 8.95 707,930
96 South Financial Group Greenville, S.C. 53.2 56.93 111,737 98,985 12.88 11,476,579
97 Camden National Corp. Maine 53.25 51.57 15,763 15,052 4.72 1,372,355
98 Stockman Financial Corp. Miles City, Mont. 53.49 54.92 11,583 10,938 5.9 948,580
99 First Community Bancshares Bluefield, Va. 53.72 52.69 22,755 25,363 -10.28 1,848,233
100 RCB Holding Co. Inc. Claremore, Okla. 53.73 54.89 9,296 9,121 1.92 671,908
101 Southwest Bancorp Inc. Stillwater, Okla. 53.78 53.6 21,115 18,187 16.1 1,785,028
102 First Financial Corp. Terre Haute, Ind. 53.8 56.07 31,404 30,798 1.97 2,210,561
103 MBNA Corp. Wilmington, Del. 53.86 52.61 2,791,182 2,515,771 10.95 60,856,258
104 Orion Bancorp Inc. Naples, Fla. 53.89 54.47 12,938 10,274 25.93 1,119,015
  Hibernia Corp. New Orleans 53.89 58.03 306,159 283,376 8.04 21,311,057
106 Lone Star National Bancshares of Texas Pharr 53.94 59.06 10,572 8,897 18.83 968,542
107 American Chartered Bancorp Schaumburg, Ill. 53.98 59.92 15,691 13,569 15.64 1,482,936
108 Boiling Springs MHC Rutherford, N.J. 53.99 58.48 9,809 9,100 7.79 1,100,883
  Cascade Bancorp Bend, Ore. 53.99 47.75 14,879 11,514 29.23 876,720
110 Fishback Financial Corp. Brookings, S.D. 54.19 52.08 13,631 13,152 3.64 809,894
111 Oak Hill Financial Inc. Jackson, Ohio 54.2 52.85 12,924 11,962 8.04 980,783
112 EuroBancshares Inc. Hato Rey, Puerto Rico 54.51 58.55 16,239 13,678 18.72 1,928,245
113 Chemical Financial Corp. Midland, Mich. 54.53 52.03 51,157 47,449 7.81 3,841,739
114 Sky Financial Group Inc. Bowling Green, Ohio 54.6 54.29 160,799 157,925 1.82 12,243,712
115 National Commerce Financial Corp. Memphis 54.67 63.82 339,245 381,109 -10.98 24,012,849
116 BB&T Corp. Winston-Salem, N.C. 54.74 57.58 1,488,022 1,254,465 18.62 97,348,285
117 Citizens and Northern Corp. Wellsboro, Pa. 54.84 52.62 12,517 10,889 14.95 1,119,139
118 Trinity Capital Corp. Los Alamos, N.M. 54.92 49.08 12,963 12,041 7.66 1,020,058
119 Bank of Granite Corp. Granite Falls, N.C. 55.04 43.92 15,108 11,548 30.83 994,471
120 First of Long Island Corp. Glen Head, N.Y. 55.14 56.33 12,140 11,556 5.05 953,262
121 NBT Bancorp Inc. Norwich, N.Y. 55.15 57.56 53,065 52,464 1.15 4,125,374
122 AmSouth Bancorp Birmingham, Ala. 55.18 53.31 634,213 588,228 7.82 48,314,942
123 First Bank Corp. Fort Smith, Ark. 55.41 55.92 16,033 15,614 2.68 1,019,517
124 Comerica Inc. Detroit 55.45 51.56 740,904 726,953 1.92 54,925,431
125 West Suburban Bancorp Inc. Lombard, Ill. 55.46 49.58 21,883 19,471 12.39 1,753,923
126 Ohio Valley Banc Corp. Gallipolis 55.49 58.28 10,467 9,904 5.68 717,179
127 American State Financial Corp. Lubbock, Tex. 55.52 54.52 22,577 20,877 8.14 1,728,665
128 Investors Bancorp MHC Short Hills, N.J. 55.61 59.49 27,896 26,013 7.24 5,327,186
129 MB Financial Inc. Chicago 55.65 57.37 60,020 58,615 2.4 4,995,703
130 Columbia Bancorp The Dalles, Ore. 55.69 57.54 11,404 11,188 1.93 668,587
131 Countrywide Financial Corp. Calabasas, Calif. 55.71 62.2 2,918,210 2,110,238 38.29 103,753,435
132 Wilson Bank Holding Co. Lebanon, Tenn. 55.74 51.82 11,418 10,380 10 871,571
133 F.N.B. Corp. Hermitage, Pa. 55.76 61.93 68,068 133,382 -48.97 4,771,095
134 CNB Corp. Conway, S.C. 55.84 56.56 8,631 8,212 5.1 664,171
135 Main Street Trust Inc. Champaign, Ill. 55.86 53.56 16,515 16,185 2.04 1,194,677
136 First National Community Bancorp Dunmore, Pa. 55.87 52.08 8,332 7,290 14.29 856,663
137 CB Bancshares Inc. Honolulu 56.05 64.9 32,735 32,025 2.22 1,887,054
138 Bank of America Corp. Charlotte 56.08 52.64 12,621,714 9,774,000 29.14 1,039,764,440
139 Nara Bancorp Inc. Los Angeles 56.1 56.35 21,570 17,372 24.17 1,397,955
140 M&T Bank Corp. Buffalo 56.18 57.91 728,653 630,932 15.49 52,093,709
141 Bridgeview Bancorp Inc. Bridgeview, Ill. 56.19 79.71 14,961 22,755 -34.25 1,164,030
  Sterling Bancorp New York 56.19 56.65 30,631 30,271 1.19 1,798,619
143 Shore Bancshares Inc. Easton, Md. 56.26 55.11 10,798 9,553 13.03 779,976
144 Sierra Bancorp Porterville, Calif. 56.31 62.51 14,747 13,622 8.26 932,729
145 IberiaBank Corp. Lafayette, La. 56.31 54.52 27,312 24,399 11.94 2,351,770
146 Yardville National Bancorp Hamilton, N.J. 56.37 61.38 20,871 17,814 17.16 2,655,511
147 Bank of Kentucky Financial Corp. Crestview Hills 56.44 55.56 10,516 10,069 4.44 833,204
148 Citizens Bancshares Co. Chillicothe, Mo. 56.45 53.29 10,807 10,230 5.64 1,018,536
149 Center Financial Corp. Los Angeles 56.57 57.13 15,849 12,759 24.22 1,186,922
150 Hills Bancorp. Hills, Iowa 56.58 52.18 15,146 13,421 12.85 1,233,944


Note: Consolidated data from Y9-C reports
*Noninterest expense divided by (total income minus interest expense)
Source: Highline Baking Data Services (877-305-6657)
© 2004 American Banker

Banks, thrifts and holding companies