Most Efficient Bank Holding Companies

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Most Efficient Bank Holding Companies

Most Efficient Bank Holding Companies
In the third quarter of 2004, among the largest 500. Dollars in thousands
March 3, 2005
    Efficiency ratio* Noninterest expense  
    3Q '04 yr earlier 3Q '04 Yr earlier Change Sept. 30 assets
1 First Financial HoldingsRenton, Wash. 17.39% 20.88% $2,430 $2,162 12.40% $756,367
2 New York Community Bancorp Inc. Westbury 21.37 26.9 150,700 107,615 40.04 23,671,324
3 Intervest Bancshares Corp. New York 25.05 29.08 6,104 5,423 12.56 1,269,256
4 Doral Financial Corp. San Juan, Puerto Rico 26.95 32.79 150,447 138,354 8.74 14,983,396
5 W Holding Co. Inc. Mayaguez, Puerto Rico 30.19 31.99 73,907 61,116 20.93 13,478,858
6 SBC Inc. Countryside, Ill. 31.41 32.05 9,271 8,422 10.08 846,071
7 Amboy Bancorp. Old Bridge, N.J. 31.51 28.43 23,493 20,120 16.76 2,280,210
8 Corus Bankshares Inc. Chicago 33.53 38.7 41,208 38,525 6.96 4,191,910
9 Bank of Highland Park Financial Ill. 34.18 36.03 5,857 5,898 -0.7 704,517
10 West Bancorp. Inc. West Des Moines, Iowa 36.73 30.33 12,899 9,179 40.53 1,145,243
11 North Fork Bancorp. Melville, N.Y. 36.76 35.95 300,463 260,693 15.26 27,502,807
12 Northern Empire Bancshares Santa Rosa, Calif. 38 41.74 11,848 10,283 15.22 1,028,103
13 Cathay General Bancorp Los Angeles 38.95 37.65 67,486 34,495 95.64 5,893,043
14 ESB Acquisition Corp. New York 39.03 NA 131,149 NA NA 9,634,618
15 Westamerica Bancorp. San Rafael, Calif. 39.05 40.66 76,677 78,712 -2.59 4,642,245
16 Stearns Financial Services St. Cloud, Minn. 39.63 40.51 22,726 19,540 16.31 1,180,500
17 First Bancorp San Juan, Puerto Rico 40.74 47.81 134,881 119,289 13.07 15,177,661
18 East West Bancorp Inc. San Marino, Calif. 40.75 44.1 65,904 56,748 16.13 5,567,842
19 R&G Financial Corp. Hato Rey, Puerto Rico 40.85 46.51 123,925 122,748 0.96 9,188,847
20 UCBH Holdings Inc. San Francisco, Calif. 41.93 43.16 71,298 57,495 24.01 6,125,527
21 Frontier Financial Corp. Everett, Wash. 41.95 40.75 36,687 33,669 8.96 2,235,648
22 S&T Bancorp Inc. Indiana, Pa. 43.07 42.38 44,454 42,934 3.54 2,995,684
23 Wilshire Bancorp Inc. Los Angeles 43.18 NA 19,732 NA NA 1,211,896
24 NSB Holding Corp. Staten Island, N.Y. 43.19 48.41 15,132 15,286 -1.01 1,469,704
25 ITLA Capital Corp. La Jolla, Calif. 43.2 38.32 33,345 28,790 15.82 2,043,188
26 INB Financial Corp. McAllen, Tex. 43.25 46.92 13,433 11,491 16.9 891,930
27 Ames National Corp. Iowa 43.4 45.78 11,033 10,928 0.96 800,718
28 United National Corp. Sioux Falls, S.D. 43.85 48.19 198,849 194,613 2.18 1,043,417
29 U.S. Bancorp Minneapolis 44.28 47.95 4,217,400 4,677,200 -9.83 192,844,000
30 Delta Bancshares Co. St. Louis 44.41 44.35 7,429 6,988 6.31 722,197
31 City National Bancshares Miami 44.69 41.26 36,202 33,784 7.16 2,681,032
32 Hudson Valley Holding Corp. Yonkers, N.Y. 44.87 49.86 26,549 24,910 6.58 1,877,914
33 Great Southern Bancorp Inc. Springfield, Mo. 45.15 45.62 28,574 25,378 12.59 1,787,074
34 First National Bank Group Edinburg, Tex. 45.73 52.56 41,086 30,320 35.51 2,681,140
35 Royal Bancshares of Pennsylvania Inc. Narberth 45.85 39.66 18,379 13,241 38.8 1,180,888
36 Ocean Bankshares Inc. Miami, Fla. 45.97 42.83 76,518 70,360 8.75 4,537,855
37 Parkway Bancorp Inc. Harwood Heights, Ill. 46.05 45.19 21,154 19,752 7.1 1,518,561
38 Park National Corp. Newark, Ohio 46.14 43.82 92,912 89,917 3.33 5,135,570
39 Republic Bancorp Inc. Owosso, Mich. 46.31 51.8 67,749 81,555 -16.93 5,802,510
40 MBT Financial Corp. Monroe, Mich. 46.49 45.06 23,829 22,306 6.83 1,555,263
41 Bank of The Ozarks Inc. Little Rock 46.84 46.03 27,759 23,137 19.98 1,630,340
42 Oriental Financial Group Inc. San Juan, Puerto Rico 46.87 53.31 44,637 43,733 2.07 3,938,391
43 Prosperity Bancshares Inc. Houston, Tex. 46.95 48.47 37,648 29,464 27.78 2,715,143
44 Hillcrest Bancshares Inc. Overland Park, Kan. 47.06 52.18 14,793 15,038 -1.63 1,144,192
45 Valley View Bancshares Inc. Overland Park, Kan. 47.11 45.54 39,088 37,577 4.02 2,412,926
46 Commercial Bankshares Inc. Miami 47.62 48.94 12,437 11,397 9.13 867,260
47 City Holding Co. Cross Lanes, W.Va. 47.62 50.63 49,139 48,155 2.04 2,215,717
48 Virginia Commerce Bancorp Arlington, Va. 47.69 52.37 16,233 15,430 5.2 1,106,544
49 GreenPoint Financial Corp. New York, N.Y. 47.78 39.16 464,758 377,212 23.21 26,961,949
50 Associated Banc-Corp Green Bay, Wis. 47.79 47.59 267,902 271,029 -1.15 16,175,652
51 Chambers Bancshares Inc. Danville, Ark. 47.85 49.01 12,848 12,428 3.38 694,951
52 CVB Financial Corp. Ontario, Calif. 48.06 49.48 69,493 61,052 13.83 4,352,741
53 Valley National Bancorp Wayne, N.J. 48.08 48.74 162,755 164,211 -0.89 10,630,850
54 Smithtown Bancorp Inc. N.Y. 48.15 43.65 10,704 8,760 22.19 662,086
55 Minnwest Corp. Minnetonka 48.45 52.2 16,319 15,224 7.19 978,819
56 Fifth Third Bancorp Cincinnati 48.51 45.05 2,072,523 1,810,785 14.45 98,293,074
57 First Citizens Financial Corp. Mason City, Iowa 48.59 49.38 10,867 10,686 1.69 777,819
58 FSB Mutual Holdings Inc. Perkasie, Pa. 48.92 NA 9,170 NA NA 920,943
59 American National Corp. Omaha 49.37 50.99 25,480 25,079 1.6 1,370,230
60 Mercantile Bank Corp. Wyoming, Mich. 49.42 50.38 16,970 13,154 29.01 1,474,949
61 Berkshire Bancorp Inc. New York 49.44 51.24 9,260 8,532 8.53 978,445
62 FirstBank Holding Co. Lakewood, Colo. 49.53 49.35 131,203 121,581 7.91 7,274,521
63 United Bancorp. of Wyoming Jackson 49.7 51.71 15,898 15,533 2.35 996,893
64 Glacier Bancorp Inc. Kalispell, Mont. 50.03 51.13 57,035 50,698 12.5 3,002,699
65 SouthTrust Corp. Birmingham, Ala. 50.13 52.03 906,523 939,612 -3.52 53,888,169
66 Harleysville National Corp. Pa. 50.15 56.52 42,887 45,738 -6.23 2,977,584
67 Pacific Capital Bancorp Santa Barbara, Calif. 50.28 50.56 135,439 121,430 11.54 5,805,040
68 PrivateBancorp Inc. Chicago 50.35 56.05 33,642 29,778 12.98 2,352,366
69 Durant Bancorp Okla. 50.41 51.35 20,600 19,059 8.09 1,033,402
70 Central Coast Bancorp Salinas, Calif. 50.43 52.9 18,460 17,548 5.2 1,073,765
71 First South Bancorp Inc. Washington, N.C. 50.47 47.75 14,616 13,289 9.99 716,130
72 National Bankshares Inc. Blacksburg, Va. 50.49 49.26 14,922 13,790 8.21 782,613
73 Vineyard National Bancorp Rancho Cucamonga, Calif. 50.54 53.86 21,181 11,418 85.51 1,299,497
74 Mercantile Bankshares Corp. Baltimore 50.73 50.42 285,970 238,019 20.15 14,303,019
75 Arrow Financial Corp. Glens Falls, N.Y. 50.94 51.95 24,592 24,677 -0.34 1,384,793
76 Lauritzen Corp. Omaha 51.25 44.24 38,660 30,737 25.78 1,166,098
77 Suffolk Bancorp Riverhead, N.Y. 51.3 50.55 27,300 27,281 0.07 1,360,616
78 Horizon Financial Corp. Bellingham, Wash. 51.35 45.89 15,663 14,026 11.67 888,469
79 Porter Bancorp Inc. Shepherdsville, Ky. 51.42 54.43 13,011 12,297 5.81 872,865
80 First Midwest Bancorp Inc. Itasca, Ill. 51.54 50.63 120,279 112,083 7.31 6,934,568
81 Brand Group Holdings Inc. Lawrenceville, Ga. 51.7 NA 5,537 NA NA 669,490
82 Southwest Bancorp Inc. Stillwater, Okla. 51.78 53.99 32,266 28,088 14.87 1,880,724
83 First Financial Bankshares Inc. Abilene, Tex. 51.83 51.88 49,200 45,531 8.06 2,205,752
84 Stockman Financial Corp. Miles City, Mont. 51.84 54.36 17,632 16,726 5.42 970,249
85 National City Corp. Cleveland 51.91 52.17 3,283,441 3,036,997 8.11 136,372,583
86 Harleysville Savings Financial Corp. Pa. 51.91 52.03 5,627 5,181 8.61 718,270
87 Hanmi Financial Corp. Los Angeles 51.93 52.86 47,234 28,844 63.76 3,091,464
88 Security National Corp. Sioux City, Iowa 52 53.94 16,668 16,864 -1.16 778,455
89 MBNA Corp. Wilmington, Del. 52.04 50.95 4,137,448 3,779,055 9.48 62,051,861
90 International Bancshares Corp. Laredo, Tex. 52.07 47.14 135,847 118,585 14.56 9,440,641
91 Texas Regional Bancshares McAllen 52.08 49.11 104,267 69,494 50.04 5,619,282
92 First Olathe Bancshares Inc. Overland Park, Kan. 52.15 57.92 21,862 21,906 -0.2 1,142,093
93 Hometown Community Bancorp Morton, Ill. 52.29 51.12 11,211 9,911 13.12 1,078,207
94 EuroBancshares Inc. Hato Rey, Puerto Rico 52.29 58.76 26,038 20,760 25.42 1,969,323
95 Banknorth Group Inc. Portland, Maine 52.35 55.5 499,181 486,537 2.6 29,003,190
96 City National Corp. Beverly Hills 52.47 51.85 287,947 269,146 6.99 13,982,607
97 Cascade Bancorp Bend, Ore. 52.51 51.82 22,460 19,265 16.58 970,931
98 United Bankshares Inc. Charleston, W.Va. 52.57 53.11 122,715 119,623 2.58 6,289,651
99 U.S.B. Holding Co. Inc. Orangeburg, N.Y. 52.72 52.78 37,863 33,515 12.97 3,138,932
100 American Chartered Bancorp Schaumburg, Ill. 52.89 58.64 23,916 20,502 16.65 1,541,195
101 Camden National Corp. Maine 53.02 50.8 23,547 22,038 6.85 1,430,708
102 First Busey Corp. Urbana, Ill. 53.06 54.57 30,813 30,318 1.63 1,965,498
103 RCB Holding Co. Inc. Claremore, Okla. 53.06 55.11 13,981 13,576 2.98 696,416
104 Orion Bancorp Inc. Naples, Fla. 53.2 53.6 19,536 15,678 24.61 1,168,560
105 Boiling Springs MHC Rutherford, N.J. 53.39 59.98 14,728 13,718 7.36 1,113,650
106 Lone Star National Bancshares of Texas Pharr 53.52 57.55 16,316 13,465 21.17 1,026,112
107 Fishback Financial Corp Brookings, S.D. 53.54 53.97 20,844 20,156 3.41 837,381
108 BB&T Corp. Winston-Salem, N.C. 53.55 67.05 2,204,290 2,371,133 -7.04 97,880,397
109 IBT Bancorp Inc. Irwin, Pa. 53.62 48.56 11,232 10,572 6.24 676,926
110 Chemical Financial Corp. Midland, Mich. 53.87 51.72 76,281 70,776 7.78 3,872,950
111 Trustmark Corp. Jackson, Miss. 53.9 54.95 168,389 165,602 1.68 8,150,627
112 Sierra Bancorp Porterville, Calif. 53.91 61.13 21,674 20,668 4.87 947,648
113 Bank of Granite Corp. Granite Falls, N.C. 54.24 45.11 22,461 18,675 20.27 1,004,438
114 South Financial Group Greenville, S.C. 54.25 56.54 181,594 149,526 21.45 13,649,519
115 Republic Bancorp Inc. Louisville, Ky. 54.44 52.04 48,883 46,576 4.95 2,352,736
116 First Community Bancshares Bluefield, Va. 54.5 53.7 35,515 37,224 -4.59 1,824,517
117 Oak Hill Financial Inc. Jackson, Ohio 54.52 52.02 19,669 17,908 9.83 1,017,917
118 Hibernia Corp. New Orleans 54.61 56.44 472,574 433,344 9.05 21,353,370
119 Yardville National Bancorp Hamilton, N.J. 54.63 61.7 31,492 27,461 14.68 2,753,718
120 First of Long Island Corp. Glen Head, N.Y. 54.69 56.19 18,069 17,456 3.51 944,651
121 Columbia Bancorp The Dalles, Ore. 54.85 55.28 17,421 16,785 3.79 722,633
122 West Suburban Bancorp Inc. Lombard, Ill. 55 50.61 32,402 29,783 8.79 1,732,934
123 CNB Corp. Conway, S.C. 55.17 55.64 13,137 12,314 6.68 680,393
124 Sky Financial Group Inc. Bowling Green, Ohio 55.19 53.95 258,690 244,130 5.96 14,665,158
125 MB Financial Inc. Chicago 55.26 55.94 92,229 87,089 5.9 5,069,411
126 NBT Bancorp Inc. Norwich, N.Y. 55.3 57.13 80,370 78,463 2.43 4,201,089
127 First National Community Bancorp Dunmore, Pa. 55.3 52.78 12,638 11,208 12.76 898,548
128 Peapack-Gladstone Finalcial Corp. Gladstone, N.J. 55.31 55.51 18,703 16,835 11.1 1,055,575
129 First Financial Corp. Terre Haute, Ind. 55.34 56.91 47,279 46,376 1.95 2,180,683
130 Western Alliance Bancorp Las Vegas 55.37 57.86 31,159 18,302 70.25 2,125,277
131 Wilson Bank Holding Co. Lebanon, Tenn. 55.4 51.78 17,333 15,536 11.57 897,965
132 Shore Bancshares Inc. Easton, Md. 55.49 55.88 16,484 14,316 15.14 779,954
133 Inwood Bancshares Inc. Dallas 55.52 50.79 17,517 13,600 28.8 939,776
134 Investors Bancorp MHC Short Hills, N.J. 55.6 64.6 42,616 39,552 7.75 5,324,481
135 Bank of America Corp. Charlotte 55.66 52.37 19,610,929 14,840,000 32.15 1,089,312,372
136 Comerica Inc. Detroit 55.69 52.77 1,113,832 1,103,644 0.92 53,273,022
137 Cascade Financial Corp. Everett, Wash. 55.72 59.11 15,159 14,085 7.63 1,074,616
138 Countrywide Financial Corp. Calabasas, Calif. 55.73 52.37 3,742,137 3,373,745 10.92 104,388,452
139 Farmers and Merchants Bancorp Lodi, Calif. 55.83 57.01 25,913 23,893 8.45 1,178,345
140 Pinnacle Bancorp Inc. Central City, Neb. 55.83 54.9 74,847 72,529 3.2 3,599,645
141 American State Financial Corp. Lubbock, Tex. 55.83 54.34 34,109 31,368 8.74 1,732,146
142 IberiaBank Corp. Lafayette, La. 55.96 54.52 41,593 37,292 11.53 2,414,936
143 Republic Bancorp Orland Park, Ill. 55.98 58.02 9,289 8,734 6.35 680,708
144 Citizens and Northern Corp. Wellsboro, Pa. 55.98 51.98 19,255 16,224 18.68 1,135,433
145 Hills Bancorp. Hills, Iowa 56.12 52.04 22,796 20,401 11.74 1,262,935
146 First Bank Corp. Fort Smith, Ark. 56.21 57.07 24,305 23,647 2.78 1,035,801
147 Main Street Banks Inc. Kennesaw, Ga. 56.24 54.97 46,864 38,306 22.34 2,256,846
148 Farmers National Banc Corp. Canfield, Ohio 56.29 54.67 14,309 13,671 4.67 809,976
149 Massbank Corp. Reading, Mass. 56.31 51.83 9,097 9,407 -3.3 978,016
150 Sterling Bancorp New York 56.31 56.41 46,886 45,565 2.9 1,809,879


Note: Consolidated data from Y9-C reports. *Noninterest expense divided by (total income minus interest expense)
Source: Highline Banking Data Services (877-305-6657)
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