Most Efficient Bank Holding Companies
August 31, 2006, 10:08 a.m. EDT 1 Min Read
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Most Efficient Bank Holding Companies
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Published August 31, 2006 | |||||||
Related Table: Most Improved in Efficiency and Noninterest Expense | |||||||
Rank | Efficiency ratio* | Noninterest expense | Mar. 31 Assets | ||||
1Q 2006 | Year earlier | 1Q 2006 | Year earlier | Change | |||
1 | Intervest Bancshares Corp. New York | 19.19% | 25.91% | $2,796 | $2,374 | 0.20% | $1,790,524 |
2 | Corus Bankshares Inc. Chicago | 19.49 | 25.80 | 17,138 | 14,372 | 0.2 | 9,232,474 |
3 | Amboy Bancorp. Old Bridge, N.J. | 21.67 | 30.04 | 7,518 | 8,235 | -0.1 | 2,662,454 |
4 | W Holding Co. Inc. Mayaguez, Puerto Rico | 23.18 | 23.36 | 28,964 | 24,429 | 0.2 | 16,714,151 |
5 | Florida Community Banks Inc. Immokalee | 26.94 | 30.48 | 3,478 | 2,885 | 0.2 | 993,168 |
6 | SBC Inc. Countryside, Ill. | 29.63 | 30.06 | 4,219 | 3,521 | 0.2 | 1,074,744 |
7 | First Financial Holdings MHC Renton, Wash. | 31.45 | 21.16 | 1,690 | 960 | 0.8 | 913,945 |
8 | Stearns Financial Services Inc. St. Cloud, Minn. | 31.89 | 34.58 | 8,971 | 8,017 | 0.1 | 1,464,804 |
9 | First Mutual Bancorp of Illinois Inc. Harvey | 32.72 | 50.19 | 3,886 | 2,804 | 0.4 | 933,840 |
10 | Hillcrest Bancshares Inc. Overland Park, Kan. | 33.11 | 38.52 | 5,039 | 4,694 | 0.1 | 1,386,213 |
11 | Cathay General Bancorp Inc. Los Angeles | 33.88 | 32.81 | 25,326 | 22,986 | 0.1 | 6,881,214 |
12 | New York Community Bancorp Inc. Westbury | 34.22 | 24.91 | 58,466 | 53,402 | 0.1 | 27,139,292 |
13 | Westamerica Bancorp. San Rafael, Calif. | 36.37 | 36.85 | 25,483 | 25,140 | NM | 5,061,651 |
14 | Hanmi Financial Corp. Los Angeles | 37.30 | 42.57 | 17,407 | 17,595 | NM | 3,514,960 |
15 | First Regional Bancorp Century City, Calif. | 37.66 | 43.53 | 10,441 | 8,106 | 0.3 | 1,923,602 |
16 | Northern Empire Bancshares Santa Rosa, Calif. | 38.64 | 38.30 | 5,017 | 4,607 | 0.1 | 1,289,177 |
17 | Wilshire Bancorp Inc. Los Angeles | 38.95 | 42.19 | 8,975 | 7,837 | 0.1 | 1,738,608 |
18 | New Frontier Bancorp Greeley, Colo. | 39.10 | 48.92 | 3,639 | 2,786 | 0.3 | 873,108 |
19 | Frontier Financial Corp. Everett, Wash. | 39.49 | 43.61 | 16,964 | 13,673 | 0.2 | 3,016,839 |
20 | East West Bancorp Inc. Pasadena, Calif. | 39.56 | 40.00 | 37,479 | 27,858 | 0.3 | 9,286,473 |
21 | ANB Bancshares Inc. Bentonville, Ark. | 41.24 | 46.15 | 6,501 | 4,732 | 0.4 | 1,071,839 |
22 | Prosperity Bancshares Inc. Houston | 41.84 | 46.81 | 17,187 | 15,808 | 0.1 | 3,571,564 |
23 | First Indiana Corp. Indianapolis | 41.96 | 68.76 | 17,055 | 16,187 | 0.1 | 2,035,735 |
24 | United Bankshares Inc. Charleston, W.Va. | 42.10 | 41.50 | 32,196 | 28,718 | 0.1 | 6,706,832 |
25 | U.S. Bancorp Minneapolis | 42.46 | 39.53 | 1,505,000 | 1,334,000 | 0.1 | 209,907,000 |
26 | United National Corp. Sioux Falls, S.D. | 42.52 | 38.95 | 88,443 | 71,575 | 0.2 | 1,265,971 |
27 | United Bancorp. of Wyoming Inc. Jackson | 42.63 | 45.87 | 6,069 | 5,735 | 0.1 | 1,284,239 |
28 | North Fork Bancorp. Inc. Melville, N.Y. | 42.74 | 36.01 | 263,664 | 247,006 | 0.1 | 57,705,380 |
29 | First South Bancorp Inc. Washington | 42.86 | 46.80 | 5,449 | 5,025 | 0.1 | 873,867 |
30 | City National Bancshares Inc. Miami | 43.00 | 44.84 | 13,567 | 12,656 | 0.1 | 2,872,870 |
31 | Big Sandy Holding Co. Longmont, Colo. | 43.20 | 41.13 | 4,731 | 3,484 | 0.4 | 894,902 |
32 | Royal Bancshares of Pennsylvania Inc. Narberth | 43.33 | 50.46 | 6,191 | 6,181 | NM | 1,316,814 |
33 | Ocean Bankshares Inc. Miami | 43.45 | 45.76 | 30,655 | 26,364 | 0.2 | 5,853,259 |
34 | Pacific Capital Bancorp Santa Barbara, Calif. | 43.64 | 28.34 | 123,014 | 53,950 | 1.3 | 6,970,136 |
35 | Orion Bancorp Inc. Naples, Fla. | 43.94 | 49.87 | 9,451 | 7,913 | 0.2 | 1,947,600 |
36 | West Bancorp. Inc. West Des Moines, Iowa | 43.95 | 35.76 | 6,324 | 4,589 | 0.4 | 1,296,963 |
37 | NEB Corp. Fond du Lac, Wis. | 44.01 | 49.02 | 7,530 | 6,431 | 0.2 | 1,222,491 |
38 | Republic Bancorp Inc. Owosso, Mich. | 44.40 | 45.45 | 20,972 | 22,872 | -0.1 | 6,243,670 |
39 | S&T Bancorp Inc. Indiana, Pa. | 44.63 | 44.49 | 16,975 | 15,905 | 0.1 | 3,235,551 |
40 | Lauritzen Corp. Omaha | 44.73 | 41.54 | 14,508 | 12,289 | 0.2 | 1,238,424 |
41 | Olney Bancshares of Texas Inc. Olney | 45.03 | 48.65 | 6,328 | 3,368 | 0.9 | 974,811 |
42 | City Holding Co. Charleston, W.Va. | 45.14 | 47.02 | 17,478 | 16,004 | 0.1 | 2,536,937 |
43 | First Community Bancorp Rancho Santa Fe, Calif. | 45.34 | 49.79 | 26,455 | 20,605 | 0.3 | 3,676,903 |
44 | HSBC North America Holdings Inc. Prospect Heights, Ill. | 45.42 | 46.62 | 2,684,083 | 2,469,132 | 0.1 | 441,995,858 |
45 | Cascade Bancorp Bend, Ore. | 45.56 | 50.99 | 9,261 | 8,299 | 0.1 | 1,353,206 |
46 | Integrity Bancshares Inc. Alpharetta, Ga. | 45.70 | 47.60 | 4,096 | 2,525 | 0.6 | 882,746 |
47 | Silver State Bancorp Henderson, Nev. | 45.82 | 40.64 | 6,316 | 4,053 | 0.6 | 874,065 |
48 | Nara Bancorp Inc. Los Angeles | 45.87 | 47.00 | 13,209 | 10,671 | 0.2 | 1,911,309 |
48 | Virginia Commerce Bancorp Inc. Arlington | 45.87 | 46.76 | 8,193 | 6,514 | 0.3 | 1,678,432 |
50 | Community Bancorp Las Vegas | 46.01 | 50.31 | 5,668 | 3,637 | 0.6 | 960,192 |
51 | Georgian Bancorp. Inc. Atlanta | 46.14 | 47.87 | 5,627 | 3,296 | 0.7 | 1,245,757 |
52 | Valley View Bancshares Inc. Overland Park, Kan. | 46.32 | 46.60 | 13,903 | 13,258 | 0 | 2,492,759 |
53 | Parkway Bancorp Inc. Harwood Heights, Ill. | 46.60 | 48.67 | 7,270 | 7,308 | 0 | 1,723,192 |
54 | Bank of America Corp. Charlotte | 46.72 | 48.34 | 8,920,126 | 7,062,307 | 0.3 | 1,375,923,314 |
55 | Oriental Financial Group Inc. San Juan, Puerto Rico | 46.87 | 42.67 | 14,883 | 15,472 | NM | 4,561,414 |
56 | Chambers Bancshares Inc. Danville, Ark. | 47.06 | 45.33 | 4,749 | 4,145 | 0.1 | 831,212 |
57 | Ames National Corp. Iowa | 47.12 | 45.08 | 3,895 | 3,807 | NM | 834,958 |
58 | Porter Bancorp Inc. Louisville | 47.26 | 47.65 | 5,010 | 4,820 | NM | 992,245 |
59 | Mercantile Bankshares Corp. Baltimore | 47.29 | 48.53 | 106,715 | 100,153 | 0.1 | 16,783,227 |
59 | CVB Financial Corp. Ontario, Calif. | 47.29 | 46.65 | 28,121 | 25,594 | 0.1 | 5,527,914 |
61 | Mercantile Bank Corp. Grand Rapids | 47.47 | 48.58 | 8,005 | 6,871 | 0.2 | 1,896,988 |
62 | Commercial Bankshares Inc. Miami | 47.75 | 54.17 | 4,524 | 4,900 | -0.1 | 1,046,124 |
63 | Bank of the Ozarks Inc. Little Rock | 47.97 | 43.66 | 11,160 | 9,495 | 0.2 | 2,238,465 |
64 | Great Southern Bancorp Inc. Springfield, Mo. | 48.13 | 49.45 | 11,857 | 10,577 | 0.1 | 2,191,295 |
65 | INB Financial Corp. McAllen, Tex. | 48.32 | 44.34 | 7,095 | 5,190 | 0.4 | 1,127,995 |
66 | Republic First Bancorp Inc. Philadelphia | 48.35 | 53.11 | 5,041 | 4,472 | 0.1 | 864,355 |
67 | First Bank Corp Fort Smith, Ark. | 48.36 | 53.52 | 9,447 | 9,148 | NM | 1,318,727 |
68 | Texas Regional Bancshares Inc. McAllen | 48.52 | 47.08 | 41,913 | 41,143 | NM | 6,633,994 |
69 | Stockman Financial Corp. Miles City, Mont. | 48.53 | 46.51 | 7,048 | 5,686 | 0.2 | 1,133,283 |
70 | Crews Banking Corp. Wauchula, Fla. | 48.56 | 50.87 | 6,951 | 6,457 | 0.1 | 1,061,887 |
71 | U.S.B. Holding Co. Inc. Orangeburg, N.Y. | 48.96 | 52.12 | 12,968 | 13,494 | NM | 2,799,686 |
72 | Horizon Financial Corp. Bellingham, Wash. | 49.05 | 52.53 | 6,682 | 5,642 | 0.2 | 1,116,727 |
73 | First National Community Bancorp Inc. Dunmore, Pa. | 49.21 | 52.95 | 4,928 | 4,523 | 0.1 | 1,020,891 |
74 | Central Pacific Financial Corp. Honolulu | 49.26 | 53.38 | 32,712 | 30,330 | 0.1 | 5,249,157 |
75 | Bank of Granite Corp. N.C. | 49.27 | 53.45 | 8,184 | 7,437 | 0.1 | 1,152,099 |
76 | Valley National Bancorp Wayne, N.J. | 49.37 | 45.82 | 60,762 | 55,747 | 0.1 | 12,317,577 |
77 | Park National Corp. Newark, Ohio | 49.57 | 48.76 | 35,012 | 34,404 | NM | 5,444,445 |
78 | Stark Bank Group Ltd. Fort Dodge, Iowa | 49.80 | 55.77 | 6,898 | 5,638 | 0.2 | 1,190,895 |
79 | American National Corp. Omaha | 49.82 | 47.18 | 9,096 | 8,075 | 0.1 | 1,551,908 |
80 | Southwest Bancorp Inc. Stillwater, Okla. | 50.02 | 49.07 | 13,327 | 12,251 | 0.1 | 2,144,496 |
81 | Associated Banc-Corp Green Bay, Wis. | 50.08 | 48.97 | 123,471 | 121,242 | NM | 21,559,652 |
82 | Capital One Financial Corp. McLean, Va. | 50.14 | 55.39 | 1,564,686 | 1,312,493 | 0.2 | 89,273,079 |
83 | Villages Bancorp. Inc. The Villages, Fla. | 50.33 | 49.74 | 4,381 | 3,490 | 0.3 | 869,103 |
84 | National Bankshares Inc. Blacksburg, Va. | 50.50 | 50.79 | 5,481 | 5,657 | NM | 847,956 |
85 | Lone Star National Bancshares Pharr, Tex. | 50.51 | 49.04 | 7,548 | 6,133 | 0.2 | 1,405,159 |
86 | Chinatrust Capital Corp. Torrance, Calif. | 50.54 | 53.45 | 10,739 | 8,996 | 0.2 | 2,158,331 |
87 | Inwood Bancshares Inc. Dallas | 50.82 | 61.75 | 6,694 | 6,662 | NM | 1,147,630 |
88 | Citizens Financial Group Inc. Providence, R.I. | 50.96 | 55.88 | 767,383 | 821,861 | -0.1 | 160,118,112 |
89 | NSB Holding Corp. Staten Island, N.Y. | 51.12 | 44.48 | 5,639 | 5,293 | 0.1 | 1,375,988 |
90 | Smithtown Bancorp Inc. Hauppauge, N.Y. | 51.28 | 57.54 | 5,983 | 5,301 | 0.1 | 927,595 |
91 | First Midwest Bancorp Inc. Itasca, Ill. | 51.43 | 50.00 | 43,416 | 39,770 | 0.1 | 8,729,581 |
92 | ITLA Capital Corp. La Jolla, Calif. | 51.59 | 50.74 | 12,228 | 11,299 | 0.1 | 3,165,160 |
93 | BB&T Corp. Winston-Salem, N.C. | 51.65 | 50.49 | 814,103 | 727,852 | 0.1 | 110,033,689 |
94 | Sierra Bancorp Porterville, Calif. | 51.68 | 60.32 | 8,508 | 9,003 | -0.1 | 1,102,230 |
95 | UCBH Holdings Inc. San Francisco | 51.73 | 41.66 | 43,027 | 27,216 | 0.6 | 7,986,840 |
96 | M&T Bank Corp. Buffalo | 51.80 | 50.99 | 373,759 | 358,479 | NM | 55,419,862 |
97 | 1867 Western Financial Corp. Stockton, Calif. | 51.83 | 64.16 | 13,759 | 14,768 | -0.1 | 1,841,836 |
98 | First National Lincoln Corp. Damariscotta, Maine | 51.87 | 51.25 | 5,415 | 4,847 | 0.1 | 1,060,372 |
99 | Flag Financial Corp. Atlanta | 51.89 | 72.53 | 10,802 | 8,085 | 0.3 | 1,770,897 |
100 | Hudson Valley Holding Corp. Yonkers, N.Y. | 51.94 | 45.18 | 14,812 | 10,545 | 0.4 | 2,197,673 |
101 | Suffolk Bancorp Riverhead, N.Y. | 52.09 | 51.53 | 9,861 | 9,294 | 0.1 | 1,423,132 |
101 | Bridgeview Bancorp Inc. Chicago | 52.09 | 52.36 | 8,331 | 7,844 | 0.1 | 1,400,726 |
103 | Pacific Continental Corp. Eugene, Ore. | 52.11 | 54.95 | 5,363 | 4,325 | 0.2 | 808,498 |
104 | Taylor Capital Group Inc. Rosemont, Ill. | 52.13 | 48.90 | 17,816 | 16,912 | 0.1 | 3,251,004 |
105 | Colonial BancGroup Inc. Montgomery, Ala. | 52.14 | 56.34 | 125,597 | 116,466 | 0.1 | 21,972,081 |
106 | PrivateBancorp Inc. Chicago | 52.18 | 47.98 | 17,558 | 12,583 | 0.4 | 3,670,506 |
107 | Camden National Corp. Maine | 52.27 | 49.48 | 9,212 | 7,888 | 0.2 | 1,736,627 |
108 | Stockmen's Bancorp Inc. Kingman, Ariz. | 52.37 | 56.64 | 6,998 | 6,386 | 0.1 | 1,202,031 |
109 | Beverly Hills Bancorp Inc. Calabasas, Calif. | 52.46 | NA | 4,845 | NA | NA | 1,391,226 |
110 | AmSouth Bancorp. Birmingham, Ala. | 52.48 | 52.72 | 329,953 | 319,780 | NM | 52,867,798 |
111 | MBT Financial Corp. Monroe, Mich. | 52.67 | 52.77 | 8,539 | 8,748 | NM | 1,615,099 |
112 | Glacier Bancorp Inc. Kalispell, Mont. | 52.91 | 49.53 | 27,075 | 20,457 | 0.3 | 3,800,150 |
113 | American State Financial Corp. Lubbock | 52.94 | 51.81 | 12,630 | 11,317 | 0.1 | 2,082,054 |
114 | First Financial Bankshares Inc. Abilene, Tex. | 52.96 | 49.32 | 20,511 | 18,542 | 0.1 | 2,758,114 |
115 | First Bancorp Inc. Lebanon, Va. | 53.09 | 52.22 | 5,190 | 4,664 | 0.1 | 812,754 |
116 | FirstBank Holding Co. Lakewood, Colo. | 53.11 | 49.67 | 46,505 | 45,091 | NM | 7,599,383 |
117 | Harleysville National Corp. Pa. | 53.17 | 52.69 | 17,125 | 15,503 | 0.1 | 3,201,693 |
117 | Shore Bancshares Inc. Easton, Md. | 53.17 | 54.17 | 7,079 | 6,282 | 0.1 | 855,422 |
119 | American Chartered Bancorp Inc. Schaumburg, Ill. | 53.20 | 53.27 | 10,927 | 9,359 | 0.2 | 2,076,150 |
120 | Macon Bancorp Franklin, N.C. | 53.25 | 55.02 | 5,092 | 4,620 | 0.1 | 912,264 |
121 | Bank of Hawaii Corp. Honolulu | 53.31 | 52.09 | 84,459 | 83,131 | NM | 10,528,060 |
122 | Minnwest Corp. Minnetonka, Minn. | 53.40 | 48.83 | 7,171 | 6,018 | 0.2 | 1,194,017 |
123 | Dickinson Financial Corp. II Kansas City, Mo. | 53.47 | 56.61 | 41,202 | 34,879 | 0.2 | 4,163,926 |
123 | PAB Bankshares Inc. Valdosta, Ga. | 53.47 | 57.19 | 6,745 | 5,753 | 0.2 | 1,059,167 |
125 | City National Corp. Beverly Hills | 53.49 | 52.54 | 114,095 | 106,504 | 0.1 | 14,746,364 |
126 | First Olathe Bancshares Inc. Overland Park, Kan. | 53.53 | 56.68 | 8,477 | 7,857 | 0.1 | 1,418,324 |
126 | Cascade Financial Corp. Everett, Wash. | 53.53 | 54.14 | 5,801 | 5,753 | NM | 1,246,509 |
128 | Farmers and Merchants Bancorp Lodi, Calif. | 53.54 | 55.89 | 10,514 | 9,403 | 0.1 | 1,327,557 |
129 | First Citizens Financial Corp. Mason City, Iowa | 53.72 | 48.32 | 4,265 | 3,624 | 0.2 | 895,078 |
130 | Sky Financial Group Inc. Bowling Green, Ohio | 53.85 | 54.20 | 106,291 | 98,625 | 0.1 | 15,658,551 |
131 | Fifth Third Bancorp Cincinnati | 53.92 | 51.24 | 730,829 | 704,296 | NM | 105,044,474 |
132 | Amarillo National Bancorp Inc. Tex. | 53.95 | 58.89 | 13,061 | 12,489 | 0.1 | 1,909,042 |
133 | Community Banks Inc. Harrisburg, Pa. | 54.01 | 58.65 | 20,691 | 12,700 | 0.6 | 3,421,562 |
134 | Columbia Bancorp The Dalles, Ore. | 54.17 | 54.21 | 7,762 | 6,485 | 0.2 | 859,383 |
135 | Hills Bancorp. Iowa | 54.22 | 54.44 | 8,043 | 7,636 | 0.1 | 1,472,255 |
136 | Intrust Financial Corp. Wichita | 54.51 | 63.66 | 25,611 | 24,870 | NM | 3,060,446 |
137 | NewMil Bancorp Inc. New Milford, Conn. | 54.59 | 54.42 | 4,306 | 4,254 | NM | 877,862 |
138 | Center Financial Corp. Los Angeles | 54.75 | 47.30 | 12,152 | 9,183 | 0.3 | 1,692,652 |
139 | Republic Bancorp Inc. Louisville | 54.86 | 44.55 | 19,864 | 17,804 | 0.1 | 2,740,665 |
140 | Compass Bancshares Inc. Birmingham, Ala. | 54.98 | 56.22 | 244,184 | 221,624 | 0.1 | 32,908,068 |
141 | Independent Alliance Banks Inc. Fort Wayne, Ind. | 54.99 | 50.40 | 4,667 | 2,571 | 0.8 | 835,846 |
142 | Wilson Bank Holding Co. Lebanon, Tenn. | 55.04 | 55.02 | 6,898 | 5,828 | 0.2 | 1,108,612 |
143 | Midwest Banc Holdings Inc. Melrose Park, Ill. | 55.05 | 64.79 | 11,885 | 12,188 | NM | 2,336,448 |
143 | Lakeland Financial Corp. Warsaw, Ind. | 55.05 | 57.07 | 9,746 | 9,358 | NM | 1,645,506 |
145 | BancWest Corp. Honolulu | 55.07 | 54.59 | 364,522 | 292,092 | 0.3 | 65,708,901 |
146 | W.T.B. Financial Corp. Spokane | 55.07 | 58.86 | 22,651 | 20,875 | 0.1 | 3,008,321 |
147 | First Community Bancshares Inc. Bluefield, Va. | 55.08 | 55.54 | 13,335 | 12,627 | 0.1 | 1,987,659 |
148 | First Busey Corp. Urbana, Ill. | 55.24 | 50.26 | 14,143 | 11,249 | 0.3 | 2,273,066 |
149 | FNB Corp. Christiansburg, Va. | 55.25 | 55.06 | 9,784 | 9,463 | NM | 1,486,690 |
150 | Provident Financial Services Inc. Jersey City | 55.39 | 53.84 | 30,169 | 31,220 | NM | 5,949,445 |
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) NM = not meaningful.
Source: SNL Financial LC, Charlottesville, Va. (www.snl.com)
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