Most Efficient Bank Holding Companies

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Most Efficient Bank Holding Companies

Most Efficient Bank Holding Companies
In 2004, among the largest 500. Dollars in thousands
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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