Most Efficient Bank Holding Companies

Published October 23, 2008, 10:08 a.m. EDT

Updated January 02, 1970, 9:08 a.m. EST

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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesIn the second quarter of 2008, among the largest 500. Dollars in thousands. Published October 23, 2008
Rank		Efficiency Ratio*		Noninterest Expenses			2Q 2008 assets
Rank		2Q 2008	2Q 2007	2Q 2008	2Q 2007	Change	2Q 2008 assets
1	Broadway Bancorp Inc. Chicago	18.18%	NA	$2,632	NA	NA	$1,154,110
2	Amboy Bancorporation Old Bridge, N.J.	30.17	26.46%	4,960	$7,547	-34.3%	2,702,272
3	Beverly Hills Bancorp Inc. Calabasas, Calif.	30.19	47.74	2,418	3,982	-39.3	1,372,631
4	Oriental Financial Group Inc. San Juan, Puerto Rico	32.90	50.45	18,080	17,477	3.5	6,060,179
5	Bank of Highland Park Financial Corp. Ill.	36.06	40.74	2,755	2,443	12.8	1,180,733
6	Hillcrest Bancshares Inc. Overland Park, Kan.	37.75	30.93	6,794	5,669	19.8	1,888,674
7	Corus Bankshares Inc. Chicago	38.10	20.75	10,981	16,952	-35.2	9,010,460
8	Ida Grove Bancshares Inc. Iowa	39.99	35.20	4,313	3,338	29.2	1,026,530
9	Intervest Bancshares Corp. New York	41.16	23.19	4,197	3,117	34.6	2,207,170
10	Westamerica Bancorporation San Rafael, Calif.	41.18	39.45	27,402	24,706	10.9	4,188,548
11	Cathay General Bancorp Los Angeles	41.49	37.03	34,848	32,500	7.2	10,811,915
12	Tennessee Commerce Bancorp Inc. Franklin	41.85	42.74	3,850	3,097	24.3	1,065,985
13	Bank of the Ozarks Inc. Little Rock	41.97	45.86	13,441	11,876	13.2	3,062,117
14	Prosperity Bancshares Inc. Houston	42.29	41.75	30,684	30,144	1.8	6,803,427
15	Frontier Financial Corp. Everett, Wash.	42.45	39.78	20,980	19,915	5.3	4,156,718
16	Bank of America Corp. Charlotte	43.51	43.95	9,556,515	9,121,678	4.8	1,723,269,816
17	Farmers and Merchants Bancorp Lodi, Calif.	44.46	52.07	10,883	10,934	-0.5	1,610,993
18	First Mutual Bancorp of Illinois Inc. Harvey	44.48	48.97	6,081	5,399	12.6	1,699,355
19	First Bancorp Inc. Damariscotta, Maine	44.49	49.81	5,395	5,333	1.2	1,285,373
20	U.S. Bancorp Minneapolis	44.67	43.47	1,809,000	1,617,000	11.9	246,538,000
21	West Bancorporation Inc. West Des Moines, Iowa	45.34	40.92	6,927	6,121	13.2	1,368,867
22	Lakeside Bancorp Inc. Chicago	45.65	49.01	3,957	4,229	-6.4	940,007
23	SBC Inc. Countryside, Ill.	45.75	33.73	4,638	4,472	3.7	960,649
24	United National Corp. Sioux Falls, S.D.	46.53	45.27	94,796	98,964	-4.2	1,456,626
25	City Holding Co. Charleston, W.Va.	46.57	45.50	18,656	17,475	6.8	2,494,767
26	UCBH Holdings Inc. San Francisco	46.82	45.56	49,157	42,451	15.8	12,871,122
27	United Bankshares Inc. Charleston, W.Va.	47.11	43.87	41,458	32,539	27.4	8,048,472
	Wilshire Bancorp Inc. Los Angeles	47.11	40.61	12,295	11,095	10.8	2,359,307
29	Apple Financial Holdings Inc. New York	47.19	24.33	17,925	17,212	4.1	7,773,336
	Stearns Financial Services Inc. St. Cloud, Minn.	47.19	36.74	8,208	9,787	-16.1	1,178,584
31	ServisFirst Bancshares Inc. Birmingham, Ala.	47.43	NA	4,515	NA	NA	972,647
32	Inwood Bancshares Inc. Dallas	47.60	46.16	6,448	6,678	-3.4	1,413,046
33	City National Bancshares Inc. Miami	47.86	45.89	15,791	16,692	-5.4	2,820,844
34	Great Southern Bancorp Inc. Springfield, Mo.	47.91	47.51	13,767	12,898	6.7	2,488,846
35	New York Private Bank and Trust Corp.	47.92	45.23	54,867	48,149	14.0	14,789,425
36	Amarillo National Bancorp Inc. Tex.	48.23	54.03	15,991	15,597	2.5	2,524,085
37	Berkshire Bancorp Inc. New York	48.33	67.16	3,977	3,526	12.8	1,071,763
38	Sierra Bancorp Porterville, Calif.	48.38	46.48	8,774	8,868	-1.1	1,308,303
39	Cashmere Valley Financial Corp. Wash.	48.54	53.26	5,205	4,804	8.3	942,086
40	BB&T Corp. Winston-Salem, N.C.	48.83	52.04	951,804	916,818	3.8	136,465,302
41	Summit Financial Group Inc. Moorefield, W.Va.	49.01	54.27	7,148	5,938	20.4	1,525,798
42	NEB Corp. Fond Du Lac, Wis.	49.24	48.22	7,961	7,859	1.3	1,302,280
43	BBVA PR Holding Corp. San Juan, Puerto Rico	49.29	59.56	30,931	30,142	2.6	6,581,377
44	First South Bancorp Inc. Washington, N.C.	49.48	43.93	5,921	5,603	5.7	919,296
45	Porter Bancorp Inc. Louisville	49.49	44.50	7,031	5,111	37.6	1,581,550
	Wells Fargo & Co. San Francisco	49.49	56.91	5,777,000	5,703,000	1.3	609,074,000
47	Royal Bancshares of Pennsylvania Inc. Narberth	49.50	53.28	7,041	6,686	5.3	1,161,735
48	S&T Bancorp Inc. Indiana, Pa.	49.62	45.93	22,414	18,120	23.7	4,353,568
49	Villages Bancorporation Inc. The Villages, Fla.	49.77	62.47	5,301	5,245	1.1	1,062,486
50	Glacier Bancorp Inc. Kalispell, Mont.	49.89	55.03	36,225	36,716	-1.3	5,027,868
51	Virginia Commerce Bancorp Inc. Arlington	49.93	47.97	11,206	9,896	13.2	2,655,417
52	Valley National Bancorp Wayne, N.J.	50.14	50.43	61,330	60,867	0.8	12,987,718
53	Associated Banc-Corp Green Bay, Wis.	50.22	52.45	135,385	132,643	2.1	22,303,967
54	Valley View Bancshares Inc. Overland Park, Kan.	50.23	46.22	17,293	15,398	12.3	3,002,208
55	American National Corp. Omaha	50.41	49.57	11,212	10,155	10.4	1,730,451
56	First Financial Bankshares Inc. Abilene, Tex.	50.46	50.04	23,009	21,144	8.8	3,084,665
57	East West Bancorp Inc. Pasadena, Calif.	50.51	36.62	53,785	41,459	29.7	11,784,914
58	Hanmi Financial Corp. Los Angeles	50.66	40.85	129,978	20,591	531.2	3,845,083
59	Camden National Corp. Maine	51.05	52.12	11,913	8,499	40.2	2,313,595
60	Citizens Financial Group Inc. Providence, R.I.	51.15	43.80	816,779	734,407	11.2	161,970,093
61	CVB Financial Corp. Ontario, Calif.	51.39	53.05	33,213	27,606	20.3	6,453,845
62	FirstBank Holding Co. Lakewood, Colo.	51.41	54.66	62,429	49,588	25.9	9,250,411
63	M&T Bank Corp. Buffalo	51.68	49.43	408,021	381,589	6.9	65,893,428
64	First BanCorp. San Juan, Puerto Rico	51.75	57.38	80,862	73,385	10.2	18,828,786
65	First Chicago Bancorp Itasca, Ill.	51.98	54.15	5,245	5,476	-4.2	1,264,079
66	Lakeland Bancorp Inc. Oak Ridge, N.J.	52.01	65.88	14,425	15,565	-7.3	2,572,471
67	FSB Mutual Holdings Inc. Perkasie, Pa.	52.04	48.76	3,650	3,208	13.8	1,079,525
68	First Citizens Financial Corp. Mason City, Iowa	52.09	53.38	4,962	4,582	8.3	966,331
69	Park National Corp. Newark, Ohio	52.12	52.24	44,433	42,480	4.6	6,820,233
70	First Midwest Bancorp Inc. Itasca, Ill.	52.17	51.42	49,222	50,046	-1.6	8,315,677
	Hudson Valley Holding Corp. Yonkers, N.Y.	52.17	51.38	17,318	16,409	5.5	2,336,220
72	Suffolk Bancorp Riverhead, N.Y.	52.33	53.62	10,434	10,319	1.1	1,569,831
73	Cascade Financial Corp. Everett, Wash.	52.54	50.47	7,151	6,444	11.0	1,547,620
74	Forcht Bancorp Inc. Lexington, Ky.	52.58	87.90	6,875	7,623	-9.8	1,019,303
75	First National Community Bancorp Inc. Dunmore, Pa.	52.67	50.34	6,386	5,890	8.4	1,311,485
76	American State Financial Corp. Lubbock	52.71	56.28	14,899	14,257	4.50	2,078,375
77	Riverside Banking Co. Fort Pierce, Fla.	52.98	57.42	34,539	25,685	34.5	4,373,714
78	Commonwealth Bankshares Inc. Norfolk, Va.	53.03	51.03	5,044	5,034	0.2	959,733
79	Nara Bancorp Inc. Los Angeles	53.10	45.84	16,167	14,063	15.0	2,573,585
80	Center Financial Corp. Los Angeles	53.13	50.50	12,236	12,352	-0.9	2,121,000
81	Capital One Financial Corp. McLean, Va.	53.15	57.16	1,836,970	2,083,324	-11.8	151,114,271
	PNC Financial Services Group Inc. Pittsburgh	53.15	56.83	1,113,900	949,276	17.3	142,791,491
83	Parkway Bancorp Inc. Harwood Heights, Ill.	53.17	48.86	7,982	8,344	-4.3	2,557,530
84	Bank of Hawaii Corp. Honolulu	53.18	51.86	95,446	82,772	15.3	10,371,148
85	Smithtown Bancorp Inc. Hauppauge, N.Y.	53.29	52.00	7,791	6,617	17.7	1,523,021
86	Minnwest Corp. Minnetonka, Minn.	53.33	52.79	8,215	7,546	8.9	1,578,758
87	Arrow Financial Corp. Glens Falls, N.Y.	53.42	58.09	10,410	9,575	8.7	1,630,981
88	Trustmark Corp. Jackson, Miss.	53.43	57.99	69,613	68,808	1.2	9,315,049
89	Southside Bancshares Inc. Tyler, Tex.	53.46	65.38	14,234	11,415	24.7	2,323,788
90	Republic Bancorp Inc. Louisville	53.57	69.75	23,627	21,530	9.7	3,053,209
91	BBVA USA Bancshares Inc. The Woodlands, Tex.	53.70	55.25	442,174	260,913	69.5	61,100,943
92	Bank of Marin Bancorp Novato, Calif.	53.76	NA	7,125	NA	NA	952,539
93	Orrstown Financial Services Inc. Shippensburg, Pa.	54.08	56.34	6,783	6,118	10.9	939,519
94	Community Bancorp Las Vegas	54.16	49.02	9,167	9,585	-4.4	1,747,824
95	National Penn Bancshares Inc. Boyertown, Pa.	54.21	56.21	53,826	34,062	58.0	9,241,355
96	Crews Banking Corp. Wauchula, Fla.	54.27	55.47	7,932	7,871	0.8	1,113,419
97	W Holding Co. Inc. Mayaguez, Puerto Rico	54.34	79.45	38,396	35,126	9.3	17,145,036
98	BancWest Corp. Honolulu	54.44	54.46	390,641	358,364	9.0	76,299,955
	SNBNY Holdings Ltd. Gibraltar	54.44	68.36	18,742	16,657	12.5	3,469,884
100	Peoples Bancorp Inc. Marietta, Ohio	54.55	58.59	13,044	13,150	-0.8	1,907,378
101	S.Y. Bancorp Inc. Louisville	54.60	52.26	12,583	11,107	13.3	1,596,320
102	NBT Bancorp Inc. Norwich, N.Y.	54.72	48.75	35,453	28,286	25.3	5,309,500
103	Umpqua Holdings Corp. Portland, Ore.	54.73	59.13	51,634	54,053	-4.5	8,361,592
104	Dickinson Financial Corp. II Kansas City, Mo.	55.16	50.51	46,742	45,553	2.6	5,702,846
105	First Financial Corp. Terre Haute, Ind.	55.25	53.50	16,240	16,062	1.1	2,305,172
106	Big Sandy Holding Co. Longmont, Colo.	55.64	44.07	5,570	5,404	3.1	1,277,611
	First Regional Bancorp Century City, Calif.	55.64	46.09	14,795	13,231	11.8	2,472,921
108	Lone Star National Bancshares-Texas Inc. Pharr	55.78	52.46	9,374	9,554	-1.9	1,660,680
109	First Bank Corp Fort Smith, Ark.	55.89	49.58	10,679	10,270	4.0	1,417,710
110	Cascade Bancorp Bend, Ore.	55.90	45.91	16,977	15,549	9.2	2,443,895
111	Hills Bancorporation Iowa	55.96	54.80	10,004	8,837	13.2	1,706,944
112	Pacific Continental Corp. Eugene, Ore.	56.01	54.76	7,459	6,506	14.6	1,036,928
113	Eastern Bank Corp. Boston	56.34	63.28	52,693	50,937	3.4	6,803,227
	MainSource Financial Group Inc. Greensburg, Ind.	56.34	61.84	17,275	17,097	1.0	2,538,736
115	First Bancorp Inc. Lebanon, Va.	56.44	54.95	6,397	5,943	7.6	958,745
116	First of Long Island Corp. Glen Head, N.Y.	56.45	60.75	7,263	6,912	5.1	1,175,761
117	First Busey Corp. Urbana, Ill.	56.46	52.68	27,152	14,522	87.0	4,265,431
118	Green Bankshares Inc. Greeneville, Tenn.	56.72	55.85	20,127	16,697	20.5	3,018,536
119	Citizens and Northern Corp. Wellsboro, Pa.	56.76	66.54	8,257	8,188	0.8	1,287,061
120	Community Trust Bancorp Inc. Pikeville, Ky.	56.81	57.78	20,443	20,938	-2.4	2,878,344
121	Cullen/Frost Bankers Inc. San Antonio	56.82	55.81	118,716	111,652	6.3	13,807,669
122	Fulton Financial Corp. Lancaster, Pa.	56.86	59.72	109,736	98,107	11.9	16,058,125
123	Lakeland Financial Corp. Warsaw, Ind.	56.93	53.06	11,699	10,220	14.5	2,249,959
124	Alpine Banks of Colorado Glenwood Springs	56.97	53.16	20,442	17,718	15.4	2,613,348
125	Bremer Financial Corp. St. Paul	56.98	58.70	54,177	50,095	8.1	7,689,199
126	Marshall & Ilsley Corp. Milwaukee	57.04	61.28	360,249	575,675	-37.4	64,271,056
127	Huntington Bancshares Inc. Columbus, Ohio	57.10	57.68	376,863	243,317	54.9	55,309,866
128	Chemical Financial Corp. Midland, Mich.	57.15	60.36	27,143	27,153	0.0	3,737,854
129	Pinnacle Bancorp Inc. Central City, Neb.	57.16	60.90	33,500	32,779	2.2	4,725,102
130	Fifth Third Bancorp Cincinnati	57.36	54.54	859,244	802,855	7.0	114,974,981
131	Broadway Bancshares Inc. San Antonio	57.61	54.44	16,491	14,933	10.4	1,781,898
132	First Community Bancshares Inc. Bluefield, Va.	57.72	50.51	14,763	12,078	22.2	2,053,687
133	Bank Iowa Corp. West Des Moines	57.90	67.73	5,522	4,873	13.3	1,002,087
	Bank of Kentucky Financial Corp. Crestview Hills	57.90	62.88	8,392	8,329	0.8	1,208,176
135	W.T.B. Financial Corp. Spokane	57.95	53.78	25,901	24,829	4.3	3,948,043
136	Intrust Financial Corp. Wichita	57.96	59.94	27,625	28,616	-3.5	3,474,532
137	Irwin Financial Corp. Columbus, Ind.	57.97	62.10	43,654	47,231	-7.6	5,932,998
138	Silverton Financial Services Inc. Atlanta	58.05	73.18	21,795	21,383	1.9	2,919,848
139	UnionBanCal Corp. San Francisco	58.12	62.08	386,176	413,303	-6.6	60,593,921
140	Imperial Capital Bancorp Inc. La Jolla, Calif.	58.14	53.39	14,073	12,099	16.3	4,108,731
141	Enterprise Financial Services Corp St. Louis	58.18	58.16	12,935	12,558	3.0	2,197,719
142	First National Bank Group Inc. Edinburg, Tex.	58.22	58.53	28,845	25,478	13.2	4,605,045
	Investors Bancorp MHC Short Hills, N.J.	58.22	83.30	18,984	19,102	-0.6	6,417,226
144	Columbia Banking System Inc. Tacoma	58.23	60.19	23,784	20,790	14.4	3,169,883
	Northern Trust Corp. Chicago	58.23	62.39	641,527	555,709	15.4	74,806,905
146	City National Corp. Beverly Hills	58.25	56.18	138,549	131,430	5.4	16,345,316
	Zions Bancorporation Salt Lake City	58.25	54.27	364,426	346,024	5.3	54,838,433
148	FirstMerit Corp. Akron	58.39	60.40	80,553	81,395	-1.0	10,567,772
149	TriCo Bancshares Chico, Calif.	58.43	59.04	17,843	17,444	2.3	1,980,490
150	Sinopac Bancorp Los Angeles	58.44	56.80	10,842	11,256	-3.7	2,111,810

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

SNL Financial