Most Efficient Bank Holding Companies
June 23, 2005, 10:08 a.m. EDT 1 Min Read
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Most Efficient Bank Holding Companies
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Published June 23, 2005 | |||||||
Related Table: Most Improved in Efficiency and Noninterest Expense | |||||||
Rank | Efficiency ratio* | Noninterest expense | Dec. 31, 2004 assets | ||||
2004 | 2003 | 2004 | 2003 | Change | |||
1 | First Financial Holdings Renton, Wash. | 19.10% | 21.83% | $3,617 | $3,174 | 13.96% | $780,603 |
2 | New York Community Bancorp Inc. Westbury | 23.00 | 27.51 | 205,018 | 176,250 | 16.32 | 24,051,636 |
3 | Intervest Bancshares Corp. New York | 25.00 | 28.58 | 8,251 | 7,209 | 14.45 | 1,316,751 |
4 | Amboy Bancorp. Old Bridge, N.J. | 28.54 | 30.75 | 30,092 | 30,166 | -0.25 | 2,336,354 |
5 | Doral Financial Corp. San Juan, Puerto Rico | 29.59 | 31.52 | 208,708 | 185,289 | 12.64 | 15,140,693 |
6 | W Holding Co. Inc. Mayaguez, Puerto Rico | 30.33 | 31.45 | 100,010 | 84,994 | 17.67 | 14,336,662 |
7 | SBC Inc. Countryside, Ill. | 31.05 | 32.20 | 12,582 | 11,559 | 8.85 | 879,527 |
8 | Corus Bankshares Inc. Chicago | 32.73 | 37.57 | 56,005 | 52,255 | 7.18 | 5,017,787 |
9 | Bank of Highland Park Financial Ill. | 33.95 | 35.88 | 7,899 | 7,876 | 0.29 | 735,198 |
10 | West Bancorp. Inc. West Des Moines | 35.90 | 35.67 | 17,145 | 15,336 | 11.80 | 1,148,435 |
11 | Cathay General Bancorp Los Angeles | 38.25 | 38.85 | 90,276 | 55,393 | 62.97 | 6,098,006 |
12 | North Fork Bancorp. Melville, N.Y. | 39.03 | 35.86 | 555,803 | 346,222 | 60.53 | 60,667,055 |
13 | Northern Empire Bancshares Santa Rosa, Calif. | 39.71 | 42.05 | 16,689 | 14,174 | 17.74 | 1,080,924 |
14 | First Bancorp San Juan, Puerto Rico | 40.54 | 43.65 | 180,654 | 164,738 | 9.66 | 15,619,817 |
15 | Westamerica Bancorp. San Rafael, Calif. | 41.28 | 40.20 | 108,135 | 103,869 | 4.11 | 4,744,024 |
16 | East West Bancorp Inc. San Marino, Calif. | 41.40 | 44.19 | 94,856 | 78,206 | 21.29 | 6,026,625 |
17 | Stearns Financial Services St. Cloud, Minn. | 41.49 | 42.38 | 32,828 | 28,115 | 16.76 | 1,223,202 |
18 | New York Private Bank and Trust Corp. | 41.71 | 49.47 | 185,134 | 183,045 | 1.14 | 10,335,719 |
19 | UCBH Holdings Inc. San Francisco | 42.10 | 43.45 | 97,982 | 80,208 | 22.16 | 6,326,065 |
20 | Frontier Financial Corp. Everett, Wash. | 42.22 | 41.63 | 50,602 | 46,101 | 9.76 | 2,245,573 |
21 | Big Sandy Holding Co. Limon, Colo. | 42.30 | 49.57 | 10,278 | 7,327 | 40.28 | 678,889 |
22 | S&T Bancorp Inc. Indiana, Pa. | 43.19 | 44.95 | 60,197 | 60,724 | -0.87 | 2,973,355 |
23 | NSB Holding Corp. Staten Island, N.Y. | 43.24 | 44.97 | 19,861 | 19,165 | 3.63 | 1,566,709 |
24 | Ames National Corp. Iowa | 43.73 | 46.17 | 14,935 | 14,822 | 0.76 | 840,598 |
25 | Wilshire Bancorp Inc. Los Angeles | 44.16 | NA | 27,851 | NA | NA | 1,265,636 |
26 | R&G Financial Corp. Hato Rey, Puerto Rico | 44.16 | 46.05 | 188,844 | 167,524 | 12.73 | 10,198,602 |
27 | INB Financial Corp. McAllen, Tex. | 44.23 | 47.38 | 18,891 | 15,714 | 20.22 | 930,287 |
28 | ITLA Capital Corp. La Jolla, Calif. | 44.47 | 39.74 | 43,918 | 37,159 | 18.19 | 2,331,724 |
29 | United National Corp. Sioux Falls, S.D. | 44.77 | 53.88 | 276,417 | 261,029 | 5.90 | 1,028,800 |
30 | Ocean Bankshares Inc. Miami | 44.93 | 43.39 | 101,497 | 95,308 | 6.49 | 4,672,348 |
31 | Hudson Valley Holding Corp. Yonkers, N.Y. | 44.97 | 48.61 | 36,717 | 33,330 | 10.16 | 1,840,874 |
32 | City National Bancshares Miami | 45.18 | 42.00 | 49,396 | 45,374 | 8.86 | 2,647,488 |
33 | Delta Bancshares Co. St. Louis | 45.24 | 46.47 | 10,200 | 9,842 | 3.64 | 748,343 |
34 | U.S. Bancorp Minneapolis | 45.36 | 45.59 | 5,799,200 | 5,611,500 | 3.34 | 195,104,000 |
35 | Royal Bancshares of Pennsylvania Inc. Narberth | 45.65 | 39.47 | 24,043 | 17,949 | 33.95 | 1,205,284 |
36 | Oriental Financial Group Inc. San Juan, Puerto Rico | 45.89 | 51.62 | 60,146 | 58,177 | 3.38 | 4,168,170 |
37 | Great Southern Bancorp Inc. Springfield, Mo. | 45.95 | 46.58 | 39,265 | 34,837 | 12.71 | 1,846,611 |
38 | Hillcrest Bancshares Inc. Overland Park, Kan. | 46.03 | 50.49 | 19,551 | 19,099 | 2.37 | 1,221,885 |
39 | Parkway Bancorp Inc. Harwood Heights, Ill. | 46.12 | 44.30 | 28,354 | 25,951 | 9.26 | 1,611,985 |
40 | Bank of the Ozarks Inc. Little Rock | 46.78 | 46.33 | 37,605 | 31,992 | 17.55 | 1,726,924 |
41 | Valley View Bancshares Inc. Overland Park, Kan. | 46.86 | 44.35 | 52,537 | 50,117 | 4.83 | 2,428,403 |
42 | Prosperity Bancshares Inc. Houston | 46.98 | 49.29 | 51,612 | 41,887 | 23.22 | 2,699,911 |
43 | Park National Corp. Newark, Ohio | 47.08 | 45.63 | 126,290 | 122,376 | 3.20 | 5,412,584 |
44 | MBT Financial Corp. Monroe, Mich. | 47.11 | 44.92 | 32,264 | 29,433 | 9.62 | 1,553,307 |
45 | Republic Bancorp Inc. Owosso, Mich. | 47.27 | 51.17 | 94,075 | 104,654 | -10.11 | 5,713,977 |
46 | Commercial Bankshares Inc. Miami | 47.37 | 48.37 | 16,709 | 15,448 | 8.16 | 884,829 |
47 | Affinity Bank Holdings Inc. Ventura, Calif. | 47.38 | NA | 20,618 | NA | NA | 1,009,224 |
48 | Virginia Commerce Bancorp Arlington | 47.96 | 52.10 | 22,807 | 20,820 | 9.54 | 1,138,783 |
49 | Berkshire Bancorp Inc. New York | 48.15 | 50.61 | 12,095 | 11,463 | 5.51 | 972,649 |
50 | Associated Banc-Corp Green Bay, Wis. | 48.18 | 47.98 | 377,869 | 359,115 | 5.22 | 20,546,358 |
51 | Valley National Bancorp Wayne, N.J. | 48.23 | 48.39 | 219,620 | 216,278 | 1.55 | 10,775,571 |
52 | City Holding Co. Charleston, W.Va. | 48.40 | 51.87 | 66,294 | 66,157 | 0.21 | 2,213,794 |
53 | Durant Bancorp Okla. | 48.48 | 51.19 | 26,762 | 25,438 | 5.20 | 1,104,499 |
54 | Chambers Bancshares Inc. Danville, Ark. | 48.52 | 49.44 | 17,393 | 16,707 | 4.11 | 711,142 |
55 | Mercantile Bank Corp. Wyoming, Mich. | 48.56 | 49.68 | 23,256 | 18,070 | 28.70 | 1,536,119 |
56 | United Bancorp. of Wyoming Jackson | 48.94 | 52.21 | 21,443 | 20,838 | 2.90 | 995,419 |
57 | First Citizens Financial Corp. Mason City, Iowa | 49.59 | 49.44 | 14,873 | 14,375 | 3.46 | 781,558 |
58 | PrivateBancorp Inc. Chicago | 49.61 | 54.98 | 45,674 | 40,144 | 13.78 | 2,535,817 |
59 | CVB Financial Corp. Ontario, Calif. | 49.81 | 49.23 | 96,605 | 83,630 | 15.51 | 4,507,474 |
60 | Central Coast Bancorp Salinas, Calif. | 49.84 | 53.16 | 25,304 | 23,781 | 6.40 | 1,164,661 |
61 | FirstBank Holding Co. Lakewood, Colo. | 49.98 | 49.22 | 179,318 | 160,312 | 11.86 | 7,041,202 |
62 | Glacier Bancorp Inc. Kalispell, Mont. | 49.99 | 51.67 | 77,059 | 69,154 | 11.43 | 3,010,737 |
63 | American National Corp. Omaha | 50.01 | 51.80 | 34,380 | 33,912 | 1.38 | 1,405,442 |
64 | Minnwest Corp. Minnetonka, Minn. | 50.06 | 52.97 | 22,919 | 20,852 | 9.91 | 1,024,778 |
65 | FSB Mutual Holdings Inc. Perkasie, Pa. | 50.17 | NA | 12,703 | NA | NA | 927,971 |
66 | First South Bancorp Inc. Washington, N.C. | 50.20 | 48.37 | 19,711 | 17,774 | 10.90 | 722,759 |
67 | National City Corp. Cleveland | 50.20 | 51.18 | 4,533,678 | 4,085,494 | 10.97 | 139,280,377 |
68 | First National Bank Group Edinburg, Tex. | 50.37 | 54.14 | 61,543 | 44,553 | 38.13 | 2,609,447 |
69 | Porter Bancorp Inc. Shepherdsville, Ky. | 50.59 | 54.18 | 17,725 | 16,570 | 6.97 | 887,201 |
70 | National Bankshares Inc. Blacksburg, Va. | 50.59 | 49.28 | 20,182 | 18,566 | 8.70 | 796,154 |
71 | MBNA Corp. Wilmington, Del. | 50.99 | 50.14 | 5,492,342 | 5,108,618 | 7.51 | 61,714,140 |
72 | Silver State Bancorp Henderson, Nev. | 51.01 | 60.61 | 15,339 | 12,840 | 19.46 | 703,077 |
73 | Arrow Financial Corp. Glens Falls, N.Y. | 51.02 | 51.97 | 32,978 | 33,091 | -0.34 | 1,377,949 |
74 | Hanmi Financial Corp. Los Angeles | 51.11 | 51.63 | 66,895 | 39,419 | 69.70 | 3,104,525 |
75 | Orion Bancorp Inc. Naples, Fla. | 51.11 | 53.13 | 26,233 | 21,246 | 23.47 | 1,262,330 |
76 | Suffolk Bancorp Riverhead, N.Y. | 51.15 | 50.39 | 36,621 | 36,190 | 1.19 | 1,344,910 |
77 | Southwest Bancorp Inc. Stillwater, Okla. | 51.17 | 54.59 | 44,518 | 38,448 | 15.79 | 1,913,958 |
78 | Harleysville National Corp. Pa. | 51.25 | 54.83 | 59,561 | 59,629 | -0.11 | 3,025,873 |
79 | American Chartered Bancorp Schaumburg, Ill. | 51.27 | 67.88 | 32,349 | 32,998 | -1.97 | 1,605,098 |
80 | United Bankshares Inc. Charleston, W.Va. | 51.29 | 58.87 | 154,329 | 176,880 | -12.75 | 6,435,971 |
81 | Vineyard National Rancho Cucamonga, Calif. | 51.31 | 53.12 | 29,664 | 16,911 | 75.41 | 1,312,529 |
82 | Mercantile Bankshares Corp. Baltimore | 51.32 | 51.59 | 391,958 | 337,447 | 16.15 | 14,425,690 |
83 | Stockman Financial Corp. Miles City, Mont. | 51.32 | 54.38 | 23,907 | 22,630 | 5.64 | 999,527 |
84 | EuroBancshares Inc. Hato Rey, Puerto Rico | 51.45 | 59.76 | 36,830 | 28,875 | 27.55 | 2,102,713 |
85 | First Midwest Bancorp Inc. Itasca, Ill. | 51.46 | 50.05 | 162,772 | 149,178 | 9.11 | 6,868,720 |
86 | Cascade Bancorp Bend, Ore. | 51.80 | 51.86 | 30,516 | 25,993 | 17.40 | 1,008,783 |
87 | First Financial Bankshares Inc. Abilene, Tex. | 51.82 | 52.41 | 66,127 | 61,154 | 8.13 | 2,315,224 |
88 | Texas Regional Bancshares McAllen | 51.86 | 48.68 | 143,315 | 93,722 | 52.92 | 5,839,347 |
89 | Horizon Financial Corp. Bellingham, Wash. | 51.90 | 47.74 | 21,401 | 19,093 | 12.09 | 932,639 |
90 | Harleysville Savings Financial Corp. Pa. | 51.98 | 51.80 | 7,576 | 6,919 | 9.50 | 726,974 |
91 | Hometown Community Bancorp Morton, Ill. | 52.06 | 51.81 | 15,168 | 13,597 | 11.55 | 1,098,951 |
92 | Lone Star National Bancshares of Texas Pharr | 52.21 | 54.84 | 22,114 | 18,069 | 22.39 | 1,091,824 |
93 | RCB Holding Co. Inc. Claremore, Okla. | 52.32 | 54.97 | 18,485 | 17,995 | 2.72 | 708,689 |
94 | International Bancshares Corp. Laredo, Tex. | 52.59 | 48.21 | 196,752 | 160,044 | 22.94 | 9,917,951 |
95 | Brand Group Holdings Inc. Lawrenceville, Ga. | 52.64 | NA | 9,956 | NA | NA | 691,297 |
96 | U.S.B. Holding Co. Inc. Orangeburg, N.Y. | 52.70 | 52.37 | 51,520 | 45,240 | 13.88 | 2,746,270 |
97 | BB&T Corp. Winston-Salem, N.C. | 52.90 | 63.29 | 2,909,399 | 3,105,102 | -6.30 | 100,508,641 |
98 | City National Corp. Beverly Hills, Calif. | 52.99 | 52.06 | 395,410 | 364,178 | 8.58 | 14,234,056 |
99 | Camden National Corp. Maine | 53.05 | 51.95 | 31,882 | 30,424 | 4.79 | 1,489,865 |
100 | Chemical Financial Corp. Midland, Mich. | 53.11 | 52.00 | 100,442 | 94,612 | 6.16 | 3,764,125 |
101 | Pacific Capital Bancorp Santa Barbara, Calif. | 53.31 | 53.87 | 182,957 | 163,687 | 11.77 | 6,018,337 |
102 | First Olathe Bancshares Inc. Overland Park, Kan. | 53.34 | 59.39 | 29,810 | 30,007 | -0.66 | 1,180,307 |
103 | Boiling Springs MHC Rutherford, N.J. | 53.38 | 60.61 | 19,889 | 18,514 | 7.43 | 1,137,759 |
104 | Villages Bancorp. Inc. Lady Lake, Fla. | 53.39 | 58.75 | 13,758 | 11,179 | 23.07 | 677,575 |
105 | MB Financial Inc. Chicago | 53.73 | 55.73 | 122,087 | 116,263 | 5.01 | 5,253,975 |
106 | Fishback Financial Corp. Brookings, S.D. | 53.80 | 55.43 | 29,280 | 28,050 | 4.39 | 847,865 |
107 | South Financial Group Greenville, S.C. | 53.90 | 57.97 | 250,245 | 207,170 | 20.79 | 13,789,114 |
108 | Fifth Third Bancorp Cincinnati | 53.91 | 45.54 | 3,014,075 | 2,441,751 | 23.44 | 94,455,731 |
109 | Yardville National Bancorp Hamilton, N.J. | 53.94 | 62.20 | 42,649 | 38,158 | 11.77 | 2,804,024 |
110 | Bank of Granite Corp. Granite Falls, N.C. | 53.96 | 46.50 | 29,980 | 25,495 | 17.59 | 1,032,779 |
111 | First Busey Corp. Urbana, Ill. | 54.16 | 54.64 | 43,068 | 39,969 | 7.75 | 1,964,441 |
112 | Columbia Bancorp The Dalles, Ore. | 54.28 | 55.20 | 23,825 | 22,092 | 7.84 | 717,756 |
113 | First of Long Island Corp. Glen Head, N.Y. | 54.48 | 55.94 | 24,097 | 23,475 | 2.65 | 917,778 |
114 | Lauritzen Corp. Omaha | 54.54 | 43.54 | 55,149 | 39,814 | 38.52 | 1,187,884 |
115 | Trustmark Corp. Jackson, Miss. | 54.62 | 53.86 | 225,068 | 218,171 | 3.16 | 8,052,957 |
116 | West Suburban Bancorp Inc. Lombard, Ill. | 54.79 | 51.59 | 43,215 | 40,962 | 5.50 | 1,748,386 |
117 | Bank of America Corp. Charlotte | 54.79 | 53.51 | 26,898,132 | 20,155,758 | 33.45 | 1,112,035,486 |
118 | Nara Bancorp Inc. Los Angeles | 54.80 | 56.64 | 43,642 | 37,306 | 16.98 | 1,506,527 |
119 | Sierra Bancorp Porterville, Calif. | 54.85 | 60.24 | 29,946 | 28,023 | 6.86 | 997,483 |
120 | First Community Bancshares Bluefield, Va. | 54.97 | 55.07 | 48,330 | 50,537 | -4.37 | 1,828,855 |
121 | Wilson Bank Holding Co. Lebanon, Tenn. | 54.99 | 52.48 | 23,208 | 20,821 | 11.46 | 937,248 |
122 | Hibernia Corp. New Orleans | 55.01 | 54.58 | 640,762 | 565,226 | 13.36 | 22,308,088 |
123 | American State Financial Corp. Lubbock, Tex. | 55.02 | 54.72 | 45,026 | 42,576 | 5.75 | 1,803,404 |
124 | IberiaBank Corp. Lafayette, La. | 55.03 | 54.40 | 55,056 | 50,460 | 9.11 | 2,448,602 |
125 | First Regional Bancorp. Los Angeles | 55.13 | 67.05 | 28,964 | 21,980 | 31.77 | 1,301,496 |
126 | NEB Corp. Fond Du Lac, Wis. | 55.32 | 55.25 | 26,892 | 26,932 | -0.15 | 1,000,749 |
127 | Main Street Banks Inc. Kennesaw, Ga. | 55.35 | 55.11 | 62,284 | 52,942 | 17.65 | 2,326,442 |
128 | Peapack-Gladstone Financial Corp. Gladstone, N.J. | 55.36 | 56.01 | 25,215 | 22,805 | 10.57 | 1,067,395 |
129 | Pinnacle Bancorp Inc. Central City, Neb. | 55.40 | 55.03 | 100,209 | 96,611 | 3.72 | 3,698,202 |
130 | Sky Financial Group Inc. Bowling Green, Ohio | 55.43 | 53.62 | 356,524 | 323,769 | 10.12 | 14,948,763 |
131 | Security National Corp. Sioux City, Iowa | 55.55 | 56.26 | 23,484 | 23,335 | 0.64 | 814,900 |
132 | Univest Corp. of Pennsylvania Souderton | 55.64 | 55.81 | 44,920 | 42,023 | 6.89 | 1,666,957 |
133 | Shore Bancshares Inc. Easton, Md. | 55.75 | 56.06 | 22,576 | 19,333 | 16.77 | 787,505 |
134 | First National Community Bancorp Dunmore, Pa. | 55.78 | 53.83 | 17,399 | 15,483 | 12.37 | 907,491 |
135 | Sterling Bancorp New York | 55.80 | 55.09 | 62,681 | 58,636 | 6.90 | 1,870,289 |
136 | Investors Bancorp. MHC Short Hills, N.J. | 55.90 | 62.71 | 57,492 | 52,595 | 9.31 | 5,462,276 |
137 | Cascade Financial Corp. Everett, Wash. | 55.91 | 57.94 | 20,848 | 18,647 | 11.80 | 1,088,955 |
138 | Comerica Inc. Detroit | 55.92 | 53.65 | 1,493,010 | 1,484,346 | 0.58 | 52,375,773 |
139 | Inwood Bancshares Inc. Dallas | 55.94 | 53.45 | 23,621 | 20,036 | 17.89 | 941,634 |
140 | Western Alliance Bancorp Las Vegas | 55.96 | 59.90 | 44,593 | 27,552 | 61.85 | 2,176,965 |
141 | Massbank Corp. Reading, Mass. | 55.97 | 53.36 | 12,296 | 12,621 | -2.58 | 976,167 |
142 | Farmers National Banc Corp. Canfield, Ohio | 55.99 | 54.66 | 18,948 | 18,372 | 3.14 | 817,740 |
143 | Citizens and Northern Corp. Wellsboro, Pa. | 56.06 | 52.21 | 26,001 | 22,114 | 17.58 | 1,123,002 |
144 | Wilber Corp. Oneonta, N.Y. | 56.08 | 54.39 | 17,187 | 16,639 | 3.29 | 750,860 |
145 | Bank of Kentucky Financial Corp. Crestview Hills | 56.09 | 55.81 | 21,602 | 20,484 | 5.46 | 878,129 |
146 | S. Y. Bancorp Inc. Louisville | 56.20 | 58.51 | 39,577 | 41,578 | -4.81 | 1,212,507 |
147 | NBT Bancorp Inc. Norwich, N.Y. | 56.25 | 56.62 | 109,777 | 104,517 | 5.03 | 4,212,304 |
148 | Fulton Financial Corp. Lancaster, Pa. | 56.25 | 54.39 | 274,806 | 234,176 | 17.35 | 11,158,351 |
149 | Republic Bancorp Inc. Louisville | 56.31 | 55.51 | 66,096 | 62,813 | 5.23 | 2,498,922 |
150 | First Bancorp Troy, N.C. | 56.55 | 53.49 | 43,649 | 37,877 | 15.24 | 1,640,890 |
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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