Most Efficient Bank Holding Companies

June 08, 2007, 10:08 a.m. EDT 1 Min Read

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Most Efficient Bank Holding Companies
As of yearend 2006, among the largest 500 bank holding companies. Dollars in thousands Published June 8, 2007
Related Table: Most Improved in Efficiency and Noninterest Expense
		Efficiency ratio*		Noninterest expense			Yearend assets
		2006	2005	2006	2005	Change	Yearend assets
1	Corus Bankshares Inc. Chicago	18.38%	22.86%	$65,746	$61,093	7.60%	$10,057,791
2	Intervest Bancshares Corp. New York	22.79	22.76	13,027	10,703	21.7	1,971,753
3	Amboy Bancorp. Old Bridge, N.J.	23.01	24.73	30,583	29,070	5.2	2,886,451
4	W Holding Co. Inc. Mayaguez, Puerto Rico	23.59	24.01	121,963	105,830	15.2	17,161,869
5	Florida Community Banks Inc. Immokalee	27.21	29.17	15,069	12,933	16.5	1,016,707
6	Hillcrest Bancshares Inc. Overland Park, Kan.	28.04	35.91	20,304	18,990	6.9	1,557,737
7	SBC Inc. Countryside, Ill.	28.53	30.17	17,160	15,716	9.2	1,121,309
8	ANB Bancshares Inc. Rogers, Ark.	33.25	44.81	30,563	21,179	44.3	1,649,400
9	Stearns Financial Services Inc. St. Cloud, Minn.	33.75	36.93	36,882	35,928	2.7	1,542,418
10	Cathay General Bancorp Los Angeles	35.69	34.69	114,306	97,027	17.8	8,030,949
11	Beverly Hills Bancorp Inc. Calabasas, Calif.	36.62	37.54	15,432	15,555	-0.8	1,623,846
12	New Frontier Bancorp Greeley, Colo.	36.7	47.98	17,208	13,335	29	1,323,227
13	Bridgeview Bancorp Inc. Chicago	36.86	57.13	37,015	34,438	7.5	1,345,189
14	Frontier Financial Corp. Everett, Wash.	37.33	41.09	67,322	58,081	15.9	3,238,451
15	Westamerica Bancorp. San Rafael, Calif.	37.77	35.93	101,724	104,856	-3	4,770,897
16	Hanmi Financial Corp. Los Angeles	38.46	39.01	75,770	69,374	9.2	3,725,220
17	Wilshire Bancorp Inc. Los Angeles	38.54	40.4	41,214	33,702	22.3	2,008,483
18	Northern Empire Bancshares Santa Rosa, Calif.	38.58	37.4	20,418	18,733	9	1,361,887
19	East West Bancorp Inc. Pasadena, Calif.	39.08	40.02	162,835	126,381	28.8	10,824,199
20	First Regional Bancorp Century City, Calif.	39.64	42.31	46,323	38,031	21.8	2,074,527
21	First Mutual Bancorp of Illinois Inc. Harvey	39.83	45.78	17,442	12,610	38.3	1,170,143
22	United Bancorp. of Wyoming Inc. Jackson	41.73	46.1	27,087	24,179	12	1,424,108
23	Prosperity Bancshares Inc. Houston	41.76	45.64	77,387	68,821	12.4	4,596,212
24	New York Community Bancorp Inc. Westbury	41.83	32.66	301,747	247,547	21.9	28,513,960
25	West Bancorp. Inc. West Des Moines, Iowa	41.86	35.63	24,676	18,695	32	1,268,536
26	U.S. Bancorp Minneapolis	42.38	40.87	6,133,000	5,873,000	4.4	219,232,000
27	Orion Bancorp Inc. Naples, Fla.	42.6	44	39,288	30,723	27.9	2,555,707
28	Royal Bancshares of Pennsylvania Inc. Narberth	43.38	34.43	25,285	23,907	5.8	1,356,322
29	First South Bancorp Inc. Washington, N.C.	43.6	46.15	22,631	21,302	6.2	916,358
30	Ocean Bankshares Inc. Miami	43.66	40.85	129,043	109,011	18.4	5,912,486
31	Silver State Bancorp Henderson, Nev.	43.88	43.09	27,827	19,887	39.9	1,209,518
32	City Holding Co. Charleston, W.Va.	43.94	46.5	69,968	69,233	1.1	2,507,800
33	Olney Bancshares of Texas Inc.	44.1	47.39	25,540	19,960	28	1,024,998
34	City National Bancshares Inc. Miami	44.45	44.35	55,386	51,076	8.4	2,758,689
35	United National Corp. Sioux Falls, S.D.	44.53	45.14	361,829	324,690	11.4	1,445,000
36	First Community Bancorp San Diego	44.57	49.15	122,916	89,467	37.4	5,572,021
37	Valley View Bancshares Inc. Overland Park, Kan.	44.74	45.06	55,823	53,217	4.9	2,486,215
38	Cascade Bancorp Bend, Ore.	44.92	47.55	53,425	34,876	53.2	2,249,352
39	S&T Bancorp Inc. Indiana, Pa.	44.96	41.72	68,584	62,338	10	3,322,983
40	Virginia Commerce Bancorp Inc. Arlington	45.04	46.52	34,289	29,467	16.4	1,949,082
41	Bank of Highland Park Financial Corp. Ill.	45.46	38.41	10,210	8,878	15	1,046,532
42	Big Sandy Holding Co. Longmont, Colo.	45.48	39.86	21,902	15,358	42.6	1,087,898
43	First Financial Holdings MHC Renton, Wash.	45.54	27.67	8,048	4,713	70.8	1,004,148
44	Porter Bancorp Inc. Louisville	45.93	47.37	19,785	20,047	-1.3	1,051,006
45	Bank of America Corp. Charlotte	46	48.06	35,675,157	28,674,781	24.4	1,463,685,485
46	Georgian Bancorp. Inc. Atlanta	46.07	45.91	25,445	16,300	56.1	1,621,028
47	Stockman Financial Corp. Miles City, Mont.	46.13	46.9	29,145	25,725	13.3	1,277,152
48	Center Financial Corp. Los Angeles	46.35	47.67	43,488	40,736	6.8	1,844,669
49	Parkway Bancorp Inc. Harwood Heights, Ill.	46.7	44.89	30,780	28,627	7.5	1,890,004
50	Nara Bancorp Inc. Los Angeles	46.8	46.79	53,957	48,670	10.9	2,046,985
51	CVB Financial Corp. Ontario, Calif.	46.97	46.62	105,687	104,661	1	6,094,262
52	Horizon Financial Corp. Bellingham, Wash.	47.38	50.84	27,154	24,731	9.8	1,254,205
53	NEB Corp. Fond du Lac, Wis.	47.61	49.96	30,701	29,609	3.7	1,255,721
54	Mercantile Bank Corp. Grand Rapids	47.71	49.97	32,491	30,844	5.3	2,067,276
55	Community Bancorp Las Vegas	47.78	55.77	27,476	20,774	32.3	1,570,379
56	American National Corp. Omaha	47.96	46.12	36,776	35,530	3.5	1,595,454
57	ITLA Capital Corp. La Jolla, Calif.	48.03	46.91	46,718	46,304	0.9	3,424,802
58	First National Community Bancorp Inc. Dunmore, Pa.	48.09	50.79	20,753	18,942	9.6	1,184,783
59	HSBC North America Holdings Inc. Prospect Heights, Ill.	48.25	47.49	11,353,678	9,862,191	15.1	478,159,427
60	Great Southern Bancorp Inc. Springfield, Mo.	48.3	50.99	49,128	44,476	10.5	2,245,688
61	Commercial Bankshares Inc. Miami	48.42	47.32	18,680	17,524	6.6	1,034,864
62	United Bankshares Inc. Charleston, W.Va.	48.5	41.66	145,010	121,182	19.7	6,717,598
63	Bank of Granite Corp. Granite Falls, N.C.	48.59	52.91	33,496	32,775	2.2	1,200,550
64	Central Pacific Financial Corp. Honolulu	48.6	48.41	128,310	120,999	6	5,487,192
65	Integrity Bancshares Inc. Alpharetta, Ga.	48.71	48.25	19,366	12,657	53	1,124,863
66	Bank of the Ozarks Inc. Little Rock	48.75	43.24	46,390	40,080	15.7	2,529,891
67	Mercantile Bankshares Corp. Baltimore	48.76	47.54	457,389	420,821	8.7	17,716,025
68	First Bank Corp Fort Smith, Ark.	48.95	52.28	39,483	37,188	6.2	1,340,741
69	Citizens Financial Group Inc. Providence, R.I.	48.98	54.71	3,127,476	3,373,847	-7.3	160,900,923
70	UCBH Holdings Inc. San Francisco	49.32	41.8	158,819	116,328	36.5	10,346,414
71	Associated Banc-Corp Green Bay, Wis.	49.4	47.92	496,215	480,463	3.3	20,861,590
72	Valley National Bancorp Wayne, N.J.	49.44	47.72	250,340	237,565	5.4	12,395,027
73	Park National Corp. Newark, Ohio	49.47	48.42	141,002	139,438	1.1	5,470,876
	Hudson Valley Holding Corp. Yonkers, N.Y.	49.47	44.06	58,106	44,261	31.3	2,292,263
75	FSB Mutual Holdings Inc. Perkasie, Pa.	49.56	49.03	12,356	12,647	-2.3	1,002,509
76	U.S.B. Holding Co. Inc. Orangeburg, N.Y.	49.76	49.36	52,135	52,823	-1.30	2,923,247
77	Sierra Bancorp Porterville, Calif.	49.79	54.32	33,473	33,970	-1.5	1,214,808
78	Smithtown Bancorp Inc. Hauppauge, N.Y.	49.86	52.33	24,413	21,140	15.5	1,048,224
79	PNC Financial Services Group Inc. Pittsburgh	50.15	66.92	4,490,234	4,317,061	4	101,854,178
80	Inwood Bancshares Inc. Dallas	50.25	53.25	28,020	25,415	10.2	1,257,931
81	First Midwest Bancorp Inc. Itasca, Ill.	50.28	49.54	191,955	165,398	16.1	8,445,973
82	Dickinson Financial Corp. II Kansas City, Mo.	50.46	55.43	169,867	150,359	13	4,711,987
83	M&T Bank Corp. Buffalo	50.79	50.41	1,499,382	1,440,598	4.1	57,064,905
	1867 Western Financial Corp. Stockton, Calif.	50.79	50.23	57,336	59,680	-3.9	1,933,472
85	Suffolk Bancorp Riverhead, N.Y.	50.92	49.6	39,979	37,505	6.6	1,392,649
86	Camden National Corp. Maine	50.99	47.81	35,861	32,461	10.5	1,769,886
87	First Community Bancshares Inc. Bluefield, Va.	51.01	56.62	49,843	56,682	-12.1	2,033,698
88	Minnwest Corp. Minnetonka, Minn.	51.22	49.18	28,775	25,840	11.4	1,381,002
89	First National Lincoln Corp. Damariscotta, Maine	51.63	52.52	22,439	22,572	-0.6	1,104,891
90	FirstBank Holding Co. Lakewood, Colo.	51.68	48.35	184,790	174,846	5.7	7,842,966
91	Lone Star National Bancshares-Texas Inc. Pharr	51.84	48.56	32,977	26,249	25.6	1,716,907
92	Macon Bancorp Franklin, N.C.	51.88	54.92	20,219	19,410	4.2	988,789
93	Harleysville National Corp. Pa.	51.9	52.44	70,927	62,479	13.5	3,249,828
94	Liberty Financial Group Inc. Eugene, Ore.	52.06	54.57	23,357	20,967	11.4	893,259
95	Southwest Bancorp Inc. Stillwater, Okla.	52.11	50.81	57,706	52,459	10	2,169,304
96	Stockmens Bancorp Inc. Kingman, Ariz.	52.21	54.42	29,760	26,820	11	1,228,606
97	Glacier Bancorp Inc. Kalispell, Mont.	52.25	50.68	118,131	96,484	22.4	4,468,104
98	Crews Banking Corp. Wauchula, Fla.	52.44	51.83	29,879	28,361	5.4	1,089,087
99	Amarillo National Bancorp Inc. Tex.	52.45	57	54,045	51,170	5.6	2,178,375
100	First Financial Bankshares Inc. Abilene, Tex.	52.63	52.09	83,136	75,653	9.9	2,850,165
101	Bank of Hawaii Corp. Honolulu	52.87	53.67	334,683	338,994	-1.3	10,571,977
102	BB&T Corp. Winston-Salem, N.C.	53.25	51.09	3,506,865	3,143,543	11.6	121,351,065
103	Durant Bancorp Inc. Okla.	53.34	54.68	46,016	38,497	19.5	1,660,778
104	Farmers and Merchants Bancorp Lodi, Calif.	53.36	55.28	43,098	40,494	6.4	1,413,045
105	Pacific Continental Corp. Eugene, Ore.	53.46	52.71	23,738	18,112	31.1	885,929
106	PAB Bankshares Inc. Valdosta, Ga.	53.53	53.81	28,129	24,726	13.8	1,120,804
107	Cascade Financial Corp. Everett, Wash.	53.68	52.18	24,441	22,321	9.5	1,345,254
108	Peoples Financial Corp. Biloxi, Miss.	53.69	62.21	23,002	20,510	12.2	972,612
109	Colonial BancGroup Inc. Montgomery, Ala.	53.73	55.34	518,930	516,536	0.5	22,787,864
110	National City Corp. Cleveland	53.8	58.3	4,702,115	4,719,586	-0.4	140,203,110
111	Sky Financial Group Inc. Bowling Green, Ohio	53.86	53.08	438,375	399,711	9.7	17,726,497
	PrivateBancorp Inc. Chicago	53.86	49.84	79,003	59,928	31.8	4,270,776
113	American State Financial Corp. Lubbock	53.99	52.76	52,629	47,853	10	2,096,849
114	Lauritzen Corp. Omaha	54	59.75	65,140	60,269	8.1	1,228,052
115	First BanCorp. San Juan, Puerto Rico	54.12	42.92	286,718	232,756	23.2	17,436,602
116	Shore Bancshares Inc. Easton, Md.	54.19	52.73	28,501	25,389	12.3	945,649
117	City National Corp. Beverly Hills	54.39	51.91	476,219	438,385	8.6	14,893,075
118	Univest Corp. of Pennsylvania Souderton	54.6	53.4	49,958	45,796	9.1	1,929,501
119	W.T.B. Financial Corp. Spokane	54.68	58.35	94,536	89,322	5.8	3,381,853
120	Chemical Financial Corp. Midland, Mich.	54.72	53.13	98,821	99,460	-0.6	3,789,247
121	First Interstate BancSystem Inc. Billings, Mont.	54.77	60.09	158,433	148,457	6.7	4,970,670
122	Columbia Bancorp The Dalles, Ore.	54.84	53.23	34,390	28,033	22.7	1,034,067
123	Lakeland Financial Corp. Warsaw, Ind.	54.88	54.52	39,522	38,040	3.9	1,836,810
124	State Bancorp Inc. New Hyde Park, N.Y.	54.97	193.98	37,573	124,653	-69.9	1,788,722
125	BancWest Corp. Honolulu	54.98	52.77	1,440,131	1,184,306	21.6	67,313,365
126	Alpine Banks of Colorado Glenwood Springs	55.02	58.48	64,330	53,210	20.9	2,014,985
127	Security Bank Corp. Macon, Ga.	55.05	56.43	55,602	37,795	47.1	2,497,080
128	First Indiana Corp. Indianapolis	55.1	63.16	63,625	66,137	-3.8	2,162,253
129	Zions Bancorp. Salt Lake City	55.12	54.83	1,332,709	1,013,795	31.5	46,970,226
	First Olathe Bancshares Inc. Overland Park, Kan.	55.12	55.55	35,976	32,368	11.1	1,439,626
131	Greene County Bancshares Inc. Greeneville, Tenn.	55.13	58.47	53,057	44,481	19.3	1,772,654
132	Metropolitan Bank Group Inc. Chicago	55.24	55.37	93,052	87,250	6.6	2,877,410
133	American Chartered Bancorp Inc. Schaumburg, Ill.	55.31	49.1	45,843	37,894	21	2,436,332
134	Community Banks Inc. Harrisburg, Pa.	55.38	63.58	85,421	75,335	13.4	3,496,370
135	Safra Bank of New York	55.43	53.19	68,545	75,404	-9.1	4,212,481
136	NBT Bancorp Inc. Norwich, N.Y.	55.44	55.67	122,966	115,306	6.6	5,087,572
137	S.Y. Bancorp Inc. Louisville	55.47	58.03	47,449	45,231	4.9	1,428,159
138	United Community Banks Inc. Blairsville, Ga.	55.54	59.37	161,427	155,401	3.9	7,101,249
139	Hills Bancorp. Iowa	55.57	55.77	34,041	32,531	4.6	1,551,233
140	Republic First Bancorp Inc. Philadelphia	55.62	55.72	21,017	18,207	15.4	1,009,010
141	Fifth Third Bancorp Cincinnati	55.74	52.75	3,072,344	2,926,312	5	100,669,263
142	Northrim BanCorp Inc. Anchorage	55.75	59.59	31,368	29,486	6.4	925,620
143	Compass Bancshares Inc. Birmingham, Ala.	55.79	54.85	1,037,867	900,271	15.3	34,248,921
144	Villages Bancorp. Inc. The Villages, Fla.	55.89	54.08	18,987	16,680	13.8	872,160
145	CBS Banc-Corp. Russellville, Ala.	55.9	55.78	21,468	16,659	28.9	914,152
146	Wilmington Trust Corp. Del.	55.91	56.03	471,690	362,441	30.1	11,321,243
147	Yadkin Valley Financial Corp. Elkin, N.C.	55.94	NA	32,166	NA	NA	1,120,864
148	Heritage Commerce Corp San Jose	55.96	61.38	33,270	35,233	-5.6	1,037,138
149	Fidelity Bancshares Inc. Fuquay-Varina, N.C.	55.97	60.44	40,217	36,256	10.9	1,410,935
150	Fulton Financial Corp. Lancaster, Pa.	56	55.53	365,991	316,291	15.7	14,918,964

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

Source:

<font size="2">SNL Financial</font>

, Charlottesville, Va.