Most Efficient Bank Holding Companies

June 22, 2006, 10:08 a.m. EDT 1 Min Read

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Most Efficient Bank Holding Companies
In 2005, among the largest 500. Dollars in thousands Published June 22, 2006
Related Table: Most Improved in Efficiency and Noninterest Expense
Rank		Efficiency ratio*		Noninterest expense			Dec. 31 assets
Rank		2005	2004	2005	2004	Change	Dec. 31 assets
1	Intervest Bancshares Corp. New York	22.76%	25.00%	$10,703	$8,251	29.70%	$1,706,423
2	Corus Bankshares Inc. Chicago	22.86	32.28	61,093	56,005	9.1	8,458,740
3	W. Holding Co. Inc. Mayaguez, Puerto Rico	24.01	28.09	105,830	100,010	5.8	16,149,557
4	Amboy Bancorp. Old Bridge, N.J.	24.73	28.54	29,070	30,092	-3.4	2,613,591
5	First Financial Holdings MHC Renton, Wash.	27.67	20.98	4,713	3,617	30.3	878,928
6	Florida Community Banks Inc. Immokalee	29.17	35.86	12,933	12,251	5.6	907,082
7	SBC Inc. Countryside, Ill.	30.17	31.05	15,716	12,582	24.9	1,003,375
8	New York Community Bancorp Inc. Westbury	32.66	21.11	247,547	205,018	20.7	26,285,042
9	Royal Bancshares of Pennsylvania Inc. Narberth	34.43	45.51	23,907	24,043	-0.6	1,301,065
10	Cathay General Bancorp Inc. Los Angeles	34.69	35.97	97,027	90,276	7.5	6,373,313
11	West Bancorp. Inc. West Des Moines, Iowa	35.63	35.27	18,695	17,145	9.0	1,244,380
12	Hillcrest Bancshares Inc. Overland Park, Kan.	35.91	45.16	18,990	19,551	-2.9	1,321,060
13	Westamerica Bancorp. San Rafael, Calif.	35.93	40.79	104,856	108,135	-3.0	5,153,560
14	Stearns Financial Services Inc. Saint Cloud, Minn.	36.93	41.52	35,928	32,828	9.4	1,463,211
15	Northern Empire Bancshares Santa Rosa, Calif.	37.40	39.71	18,733	16,689	12.2	1,231,759
16	Beverly Hills Bancorp Inc. Calabasas, Calif.	37.54	NA	15,555	NA	NA	1,407,179
17	Bank of Highland Park Financial Corp. Ill.	38.41	33.95	8,878	7,899	12.4	833,305
18	North Fork Bancorp. Inc. Melville, N.Y.	38.43	37.48	1,026,130	555,803	84.6	57,616,871
19	Hanmi Financial Corp. Los Angeles	39.01	49.65	69,374	66,895	3.7	3,414,241
20	Big Sandy Holding Co. Longmont, Colo.	39.86	42.06	15,358	10,278	49.4	836,861
21	East West Bancorp Inc. Pasadena, Calif.	40.02	40.37	126,381	94,856	33.2	8,278,286
22	Wilshire Bancorp Inc. Los Angeles	40.40	44.16	33,702	27,851	21.0	1,666,268
23	Ocean Bankshares Inc. Miami	40.85	44.93	109,011	101,497	7.4	5,676,460
24	U.S. Bancorp Minneapolis	40.87	41.08	5,873,000	5,799,200	1.3	209,465,000
25	Frontier Financial Corp. Everett, Wash.	41.09	42.21	58,081	50,602	14.8	2,640,263
26	United Bankshares Inc. Charleston, W.Va.	41.66	49.42	121,182	154,329	-21.5	6,728,492
27	S&T Bancorp Inc. Indiana, Pa.	41.72	42.65	62,338	60,197	3.6	3,178,791
28	UCBH Holdings Inc. San Francisco	41.80	41.47	116,328	97,982	18.7	7,967,103
29	INB Financial Corp. McAllen, Tex.	41.97	44.26	23,235	18,891	23.0	1,090,428
30	First Regional Bancorp Century City, Calif.	42.31	55.13	38,031	28,964	31.3	1,812,065
31	Delta Bancshares Co. St. Louis, Mo.	42.71	45.20	10,269	10,200	0.7	790,812
32	First BanCorp San Juan, Puerto Rico	42.92	34.82	232,756	180,654	28.8	19,888,691
33	Silver State Bancorp Henderson, Nev.	43.09	51.01	19,887	15,339	29.6	808,161
34	Bank of the Ozarks Inc. Little Rock	43.24	46.35	40,080	37,605	6.6	2,135,584
35	Orion Bancorp Inc. Naples, Fla.	44.00	51.17	30,723	26,233	17.1	1,739,901
36	Hudson Valley Holding Corp. Yonkers, N.Y.	44.06	44.49	44,261	36,717	20.5	2,032,721
37	City National Bancshares Inc. Miami	44.35	45.18	51,076	49,396	3.4	2,901,190
38	NSB Holding Corp. Staten Island, N.Y.	44.62	42.57	21,356	19,861	7.5	1,407,606
39	ANB Bancshares Inc. Bentonville, Ark.	44.81	49.89	21,179	17,585	20.4	968,501
40	Parkway Bancorp Inc. Harwood Heights, Ill.	44.89	46.07	28,627	28,354	1.0	1,661,037
41	Valley View Bancshares Inc. Overland Park, Kan.	45.06	46.67	53,217	52,537	1.3	2,466,666
42	United National Corp. Sioux Falls, S.D.	45.14	44.76	324,690	276,417	17.5	1,153,152
43	Prosperity Bancshares Inc. Houston	45.64	45.60	68,821	51,612	33.3	3,593,056
44	First Mutual Bancorp of Illinois Inc. Harvey	45.78	51.95	12,610	10,201	23.6	899,611
45	Ames National Corp. Iowa	45.90	43.16	15,211	14,935	1.8	822,076
46	Georgian Bancorp. Inc. Atlanta	45.91	57.00	16,300	10,221	59.5	1,154,393
47	United Bancorp. of Wyoming Inc. Jackson	46.10	48.58	24,179	21,443	12.8	1,185,529
48	American National Corp. Omaha	46.12	47.72	35,530	34,380	3.3	1,539,567
49	First South Bancorp Inc. Washington, N.C.	46.15	50.13	21,302	19,711	8.1	834,532
50	Republic Bancorp Inc. Owosso, Mich.	46.36	46.84	93,261	94,075	-0.9	6,081,766
51	City Holding Co. Charleston, W.Va.	46.50	48.31	69,233	66,294	4.4	2,502,630
52	Virginia Commerce Bancorp Inc. Arlington	46.52	48.08	29,467	22,807	29.2	1,518,425
53	CVB Financial Corp. Ontario, Calif.	46.62	49.70	104,661	96,605	8.3	5,422,971
54	Nara Bancorp Inc. Los Angeles	46.79	54.02	48,670	43,642	11.5	1,775,821
55	Stockman Financial Corp. Miles City, Mont.	46.90	51.14	25,725	23,907	7.6	1,161,864
56	ITLA Capital Corp. La Jolla, Calif.	46.91	44.40	46,304	43,918	5.4	3,061,140
57	Commercial Bankshares Inc. Miami	47.32	47.50	17,524	16,709	4.9	1,031,709
58	Porter Bancorp Inc. Louisville, Ky.	47.37	50.51	20,047	17,725	13.1	1,011,157
59	Olney Bancshares of Texas Inc.	47.39	55.34	19,960	13,609	46.7	1,003,902
60	Texas Regional Bancshares Inc. McAllen	47.52	49.60	160,562	143,315	12.0	6,588,319
61	Mercantile Bankshares Corp. Baltimore	47.54	50.16	420,821	391,958	7.4	16,421,729
62	Cascade Bancorp Bend, Ore.	47.55	51.39	34,876	30,516	14.3	1,271,659
63	Center Financial Corp. Los Angeles	47.67	56.77	40,736	36,797	10.7	1,662,780
64	Valley National Bancorp Wayne, N.J.	47.72	46.18	237,565	219,620	8.2	12,434,005
65	Camden National Corp. Maine	47.81	51.55	32,461	31,882	1.8	1,653,257
66	Central Coast Bancorp Salinas, Calif.	47.89	50.11	30,462	25,304	20.4	1,258,803
67	Associated Banc-Corp Green Bay, Wis.	47.92	47.41	480,463	377,869	27.2	22,117,591
68	New Frontier Bancorp Greeley, Colo.	47.98	44.45	13,335	9,278	43.7	796,408
69	Oriental Financial Group Inc. San Juan, Puerto Rico	48.02	35.10	65,359	60,146	8.7	4,545,462
70	Bank of America Corp. Charlotte	48.06	53.06	28,674,781	26,898,132	6.6	1,294,312,241
71	FirstBank Holding Co. Lakewood, Colo.	48.35	50.03	174,846	179,318	-2.5	7,245,166
72	Central Pacific Financial Corp. Honolulu	48.41	56.75	120,999	84,681	42.9	5,239,139
73	Park National Corp. Newark, Ohio	48.42	46.56	139,438	126,290	10.4	5,436,048
74	Lone Star National Bancshares of Texas Inc. Pharr	48.56	52.47	26,249	22,114	18.7	1,407,998
75	First Citizens Financial Corp. Mason City, Iowa	48.83	48.50	14,915	14,873	0.3	781,360
76	National Bankshares Inc. Blacksburg, Va.	48.90	47.52	21,839	20,182	8.2	841,498
77	FSB Mutual Holdings Inc. Perkasie, Pa.	49.03	49.46	12,647	12,703	-0.4	943,762
78	Gold Banc Corp. Inc. Leawood, Kan.	49.10	76.80	89,555	127,837	-29.9	4,179,144
79	American Chartered Bancorp Inc. Schaumburg, Ill.	49.10	51.07	37,894	32,349	17.1	2,024,021
80	First Community Bancorp Rancho Santa Fe, Calif.	49.15	53.97	89,467	81,458	9.8	3,229,088
81	Minnwest Corp. Minnetonka, Minn.	49.18	49.17	25,840	22,919	12.7	1,197,600
82	Pacific Capital Bancorp Santa Barbara, Calif.	49.26	53.01	214,405	182,957	17.2	6,876,159
83	EuroBancshares Inc. San Juan, Puerto Rico	49.30	51.81	37,643	36,830	2.2	2,391,283
84	U.S.B. Holding Co. Inc. Orangeburg, N.Y.	49.36	51.46	52,823	51,520	2.5	2,762,966
85	MBT Financial Corp. Monroe, Mich.	49.37	47.40	32,619	32,264	1.1	1,638,866
86	First Midwest Bancorp Inc. Itasca, Ill.	49.54	50.69	165,398	162,772	1.6	7,213,404
87	Suffolk Bancorp Riverhead, N.Y.	49.60	51.36	37,505	36,621	2.4	1,407,944
88	Chambers Bancshares Inc. Danville, Ark.	49.61	48.21	18,391	17,393	5.7	807,057
89	PrivateBancorp Inc. Chicago	49.84	49.87	59,928	45,674	31.2	3,494,210
90	NEB Corp. Fond Du Lac, Wis.	49.96	54.26	29,609	26,892	10.1	1,208,976
91	Mercantile Bank Corp. Grand Rapids, Mich.	49.97	48.76	30,844	23,256	32.6	1,838,210
92	1867 Western Financial Corp. Stockton, Calif.	50.23	62.58	59,680	57,478	3.8	1,910,313
93	M&T Bank Corp. Buffalo	50.41	52.53	1,440,598	1,460,152	-1.3	55,146,406
94	Glacier Bancorp Inc. Kalispell, Mont.	50.68	49.45	96,484	77,059	25.2	3,706,869
95	First National Community Bancorp Inc. Dunmore, Pa.	50.79	55.78	18,942	17,399	8.9	1,008,089
96	Southwest Bancorp Inc. Stillwater, Okla.	50.81	51.17	52,459	44,518	17.8	2,098,292
97	Horizon Financial Corp. Bellingham, Wash.	50.84	51.85	24,731	21,401	15.6	1,083,743
98	Prosperity Banking Co. Saint Augustine, Fla.	50.86	66.31	25,411	21,120	20.3	932,317
99	Great Southern Bancorp Inc. Springfield, Mo.	50.99	45.87	44,476	39,265	13.3	2,082,862
100	BB&T Corp. Winston-Salem, N.C.	51.09	50.58	3,143,543	2,909,399	8.0	109,169,759
101	Crews Banking Corp. Wauchula, Fla.	51.83	55.37	28,361	24,440	16.0	1,048,808
102	City National Corp. Beverly Hills	51.91	51.80	438,385	395,410	10.9	14,586,336
103	AmSouth Bancorp. Birmingham, Ala.	51.99	57.56	1,291,094	1,457,012	-11.4	52,619,315
104	First Busey Corp. Urbana, Ill.	52.00	53.32	51,115	43,068	18.7	2,263,422
105	First Financial Bankshares Inc. Abilene, Tex.	52.09	51.81	75,653	66,127	14.4	2,733,828
106	Cascade Financial Corp. Everett, Wash.	52.18	55.91	22,321	20,848	7.1	1,211,784
107	First Bank Corp. Fort Smith, Ark.	52.28	56.46	37,188	32,937	12.9	1,280,727
108	Smithtown Bancorp Inc. Hauppauge, N.Y.	52.33	48.43	21,140	14,853	42.3	878,282
109	Harleysville National Corp. Pa.	52.44	50.77	62,479	59,561	4.9	3,117,359
110	First National Lincoln Corp. Damariscotta, Maine	52.52	51.09	22,572	13,371	68.8	1,042,506
111	Pacific Continental Corp. Eugene, Ore.	52.71	54.19	18,112	15,927	13.7	792,617
112	Shore Bancshares Inc. Easton, Md.	52.73	55.05	25,389	22,576	12.5	851,638
113	Fifth Third Bancorp Cincinnati	52.75	53.38	2,926,312	3,014,075	-2.9	105,225,054
114	American State Financial Corp. Lubbock, Tex.	52.76	51.68	47,853	45,026	6.3	2,043,112
115	Vineyard National Bancorp Rancho Cucamonga, Calif.	52.77	51.29	38,086	29,664	28.4	1,713,638
116	International Bancshares Corp. Laredo, Tex.	52.85	51.30	255,455	196,752	29.8	10,391,852
117	Bank of Granite Corp. Granite Falls, N.C.	52.91	53.71	32,775	29,980	9.3	1,107,765
118	First National Security Co. De Queen, Ark.	52.94	44.81	16,318	10,338	57.8	868,792
119	Sky Financial Group Inc. Bowling Green, Ohio	53.08	53.43	399,711	356,524	12.1	15,688,573
120	Interchange Financial Services Corp. Saddle Brook, N.J.	53.08	56.26	35,700	36,008	-0.9	1,631,386
121	Chemical Financial Corp. Midland, Mich.	53.13	51.98	99,460	100,442	-1.0	3,749,316
122	First Bancorp Inc. Lebanon, Va.	53.18	56.75	19,599	16,718	17.2	792,956
123	Columbia Bancorp The Dalles, Ore.	53.23	54.29	28,033	23,825	17.7	844,664
124	Inwood Bancshares Inc. Dallas	53.25	55.44	25,415	23,621	7.6	1,130,419
125	Univest Corp. of Pennsylvania Souderton	53.40	54.82	45,796	44,920	2.0	1,769,309
126	Marathon Banking Corp. Astoria, N.Y.	53.46	50.45	17,041	14,781	15.3	795,399
127	Arrow Financial Corp. Glens Falls, N.Y.	53.47	50.96	35,199	32,978	6.7	1,519,603
128	Bank of Hawaii Corp. Honolulu	53.67	58.95	338,994	376,643	-10.0	10,187,462
129	Stark Bank Group Ltd. Fort Dodge, Iowa	53.72	57.12	23,925	21,304	12.3	1,182,009
130	Mid-State Bancshares Arroyo Grande, Calif.	53.80	57.45	76,829	79,294	-3.1	2,391,499
131	PAB Bankshares Inc. Valdosta, Ga.	53.81	62.33	24,726	22,993	7.5	1,017,326
132	Chinatrust Capital Corp. Torrance, Calif.	53.87	49.96	39,620	33,926	16.8	2,002,757
133	Villages Bancorp. Inc. The Villages, Fla.	54.08	56.31	16,680	13,758	21.2	809,355
134	Hometown Community Bancorp Inc. Morton, Ill.	54.15	52.76	16,592	15,168	9.4	1,279,063
135	Sierra Bancorp Porterville, Calif.	54.32	54.66	33,970	29,946	13.4	1,052,686
136	Stockmens Bancorp Inc. Kingman, Ariz.	54.42	55.35	26,820	24,367	10.1	1,152,186
137	Lakeland Financial Corp. Warsaw, Ind.	54.52	59.59	38,040	36,642	3.8	1,635,389
138	Durant Bancorp Inc. Okla.	54.68	46.40	38,497	26,762	43.8	1,553,863
139	Provident Financial Services Inc. Jersey City, N.J.	54.69	59.63	123,856	118,488	4.5	6,055,052
140	Taylor Capital Group Inc. Rosemont, Ill.	54.71	61.09	70,474	70,641	-0.2	3,280,672
141	West Suburban Bancorp Inc. Lombard, Ill.	54.71	54.76	45,334	43,215	4.9	1,827,020
142	Independent Alliance Banks Inc. Fort Wayne, Ind.	54.74	51.16	15,972	10,325	54.7	831,164
143	Massbank Corp. Reading, Mass.	54.77	55.81	12,858	12,296	4.6	898,679
144	Main Street Trust Inc. Champaign, Ill.	54.79	57.70	39,779	33,879	17.4	1,625,137
145	Security National Corp. Sioux City, Iowa	54.81	55.28	23,627	23,484	0.6	880,057
146	Zions Bancorp. Salt Lake City	54.83	56.49	1,013,795	923,626	9.8	42,762,673
147	Compass Bancshares Inc. Birmingham, Ala.	54.85	57.08	900,271	862,679	4.4	30,858,429
148	FNB Corp. Christiansburg, Va.	54.90	56.68	38,620	36,830	4.9	1,481,482
149	Macon Bancorp Franklin, N.C.	54.92	60.77	19,410	18,430	5.3	904,087
150	City Bancorp Springfield, Mo.	54.96	61.32	16,583	15,533	6.8	793,424

Note: Only bank holding companies that file a Y-9C statement with the Fed are included. Excludes thrift holding companies, and bank holding companies owned by foreign holding companies. * Noninterest expense divided by (total income minus interest expense)

Source: SNL Financial, Charlottesville, Va. (www.snl.com)