Most Efficient Bank Holding Companies

November 12, 2009, 2:03 p.m. EST 1 Min Read

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Most Efficient Bank Holding CompaniesAmong the largest 500 in the second quarter of 2009. Dollars in thousands. Published November 13, 2009
Rank		Efficiency Ratio*		Noninterest Expenses		2Q 2009 assets
Rank		2Q 2009	2Q 2008	2Q 2009	Change	2Q 2009 assets
1	Midland States Bancorp Inc. Effingham, Ill.	15.76%	72.18%	$7,645	158.5%	$1,127,287
2	Republic Bancorp Co. Oak Brook, Ill.	19.35	46.58	8,338	81.4	1,341,298
3	NRBC Holding Corp. Chicago	22.76	NA	2,593	NA	1,183,420
4	First Bancorp Troy, N.C.	23.18	60.02	19,191	17.5	3,527,407
5	Oriental Financial Group Inc. San Juan, Puerto Rico	23.61	32.9	21,861	20.9	6,950,464
6	Fifth Third Bancorp Cincinnati	29.87	57.36	1,021,895	18.9	115,983,653
7	Wilshire Bancorp Inc. Los Angeles	30.69	47.11	14,608	18.8	3,174,106
8	Zions Bancorp. Salt Lake City	35.19	58.25	400,255	9.8	52,906,728
9	Citigroup Inc. New York	40.37	83.39	12,674,000	-20.6	1,848,533,000
10	Amboy Bancorp. Old Bridge, N.J.	40.47	45.47	9,229	-3.6	2,754,163
11	Stearns Financial Services Inc. St. Cloud, Minn.	41.51	47.19	7,662	-6.7	1,098,978
12	First Bancorp Inc. Damariscotta, Maine	41.74	44.49	6,228	15.4	1,369,986
13	Parkway Bancorp Inc. Harwood Heights, Ill.	41.86	53.17	9,415	18	2,613,530
14	New York Community Bancorp Inc. Westbury	42.51	241.36	107,344	-71.2	32,887,597
15	Investors Bancorp MHC Short Hills, N.J.	43.93	58.22	28,098	48	8,127,677
16	Bank of Highland Park Financial Corp. Ill.	44.77	36.06	3,483	26.4	1,370,150
17	Bank of the Ozarks Inc. Little Rock	45.46	41.97	17,945	33.5	2,961,696
18	Lakeside Bancorp Inc. Chicago	45.97	45.65	4,359	10.2	1,075,427
19	Prosperity Bancshares Inc. Houston	45.97	42.29	44,087	43.7	8,844,804
20	Villages Bancorp. Inc. The Villages, Fla.	46.18	49.77	4,727	-10.8	1,054,826
21	Southwest Bancorp Inc. Stillwater, Okla.	46.28	63.27	14,910	-10.7	3,038,985
22	Amarillo National Bancorp Inc. Texas	46.41	48.23	16,546	3.5	2,606,585
23	American National Corp. Omaha	47.02	50.41	12,010	7.1	1,675,017
24	Northern Trust Corp. Chicago	47.38	58.23	507,413	-20.9	75,045,238
25	United National Corp. Sioux Falls, S.D.	47.45	46.53	95,955	1.2	1,590,021
26	Ida Grove Bancshares Inc. Iowa	47.60	39.99	5,516	27.9	1,100,541
27	Westamerica Bancorp. San Rafael, Calif.	47.65	41.18	39,177	43.0	5,193,137
28	U.S. Bancorp Minneapolis	48.65	44.67	2,126,000	17.5	265,560,000
29	Glacier Bancorp Inc. Kalispell, Mont.	48.66	49.89	41,058	13.3	5,638,424
30	American State Financial Corp. Lubbock	48.84	52.71	16,180	8.6	2,270,004
31	Cashmere Valley Financial Corp. Cashmere, Wash.	49.05	48.54	6,149	18.1	1,036,411
32	Hometown Community Bancorp Inc. Morton, Ill.	49.22	58.89	9,546	51.0	2,245,733
33	Huntington Bancshares Inc. Columbus, Ohio	49.26	57.1	318,852	-15.4	51,485,101
34	Trinity Capital Corp. Los Alamos, N.M.	49.63	60.52	9,435	9.6	1,563,186
35	FirstBank Holding Co. Lakewood, Colo.	49.72	51.41	67,555	8.2	9,595,472
36	National Bankshares Inc. Blacksburg, Va.	49.92	46.13	6,164	16.1	984,762
37	First Bancorp Inc. Lebanon, Va.	50.17	56.44	6,708	4.9	1,027,006
38	Taunus Corp. New York	50.28	-3,577.27	1,835,000	15.8	366,350,000
39	NEB Corp. Fond Du Lac, Wis.	50.33	49.24	8,788	10.4	1,372,725
40	WNB Bancshares Inc. Odessa, Texas	50.36	55.75	6,351	11.7	986,847
41	Farmers and Merchants Bancorp Lodi, Calif.	51.09	44.46	11,424	5.0	1,761,322
42	Industry Bancshares Inc. Industry, Texas	51.12	55.45	5,873	25.4	988,571
43	W.T.B. Financial Corp. Spokane	51.25	57.95	28,835	11.3	4,068,613
44	Bar Harbor Bankshares Maine	52.00	61.11	5,552	6.1	1,070,558
45	First Financial Bankshares Inc. Abilene, Texas	52.27	50.46	24,360	5.9	3,077,535
46	CVB Financial Corp. Ontario, Calif.	52.42	51.39	35,683	7.4	6,416,570
47	City Holding Co. Charleston, W.Va.	52.82	46.57	20,233	8.5	2,631,289
48	Forcht Bancorp Inc. Lexington, Ky.	53.09	52.58	9,893	43.9	1,093,493
49	United Bankshares Inc. Charleston, W.Va.	53.13	47.11	45,118	8.8	7,847,502
50	First State Bancorp. Albuquerque	53.29	69.4	29,666	-80.8	2,992,721
	JPMorgan Chase & Co. New York	53.29	65.01	13,857,000	15.6	2,026,642,000
52	East West Bancorp Inc. Pasadena, Calif.	53.46	50.51	49,982	-7.1	12,719,561
53	Wells Fargo & Co. San Francisco	53.48	49.49	12,627,000	118.6	1,284,176,000
54	BB&T Corp. Winston-Salem, N.C.	53.79	48.83	1,157,459	21.6	152,398,410
55	Machias Bancorp MHC Maine	54.01	66.3	7,102	1.3	951,584
56	Lakeland Financial Corp. Warsaw, Ind.	54.43	53.39	14,149	20.9	2,404,947
57	Porter Bancorp Inc. Louisville	54.50	49.49	8,165	16.1	1,709,808
58	West Bancorp. Inc. West Des Moines	54.52	45.34	31,209	350.5	1,513,901
59	Stockman Financial Corp. Miles City, Mont.	54.65	62.7	10,400	-0.2	1,633,293
60	First Security Bancorp Searcy, Ark.	54.94	66.05	31,469	26.4	3,007,747
61	SBC Inc. Countryside, Ill.	55.00	45.75	4,931	6.3	959,699
62	Suffolk Bancorp Riverhead, N.Y.	55.31	52.33	12,531	20.1	1,671,007
63	Hudson Valley Holding Corp. Yonkers, N.Y.	55.41	52.17	19,620	13.3	2,564,501
64	Camden National Corp. Maine	55.67	51.05	13,416	12.6	2,306,350
65	Park National Corp. Newark, Ohio	55.75	52.12	50,151	12.9	7,007,610
	Wilson Bank Holding Co. Lebanon, Tenn.	55.75	58.87	8,952	2.2	1,433,708
67	Santander BanCorp Guaynabo, Puerto Rico	55.88	59.86	72,001	-8.4	7,029,091
68	Apple Financial Holdings Inc. New York	56.00	47.19	22,697	26.6	6,673,266
69	International Bancshares Corp. Laredo, Texas	56.62	59.85	85,097	10.7	11,451,499
70	Virginia Commerce Bancorp Inc. Arlington	56.73	49.93	13,587	21.2	2,699,494
71	Associated Banc-Corp Green Bay, Wis.	57.09	50.22	161,000	18.9	24,013,567
72	Heartland Bancorp Inc. Bloomington, Ill.	57.13	61.29	11,388	15.3	1,407,976
73	Discount Bancorp Inc. New York	57.28	64.25	39,761	-5.8	9,446,667
74	Alpine Banks of Colorado Glenwood Springs	57.46	56.97	21,723	6.3	2,799,479
75	ServisFirst Bancshares Inc. Birmingham, Ala.	57.68	47.43	6,883	52.4	1,342,343
76	Bank of Hawaii Corp. Honolulu	57.83	53.18	100,518	5.3	12,194,694
77	Olney Bancshares of Texas Inc.	58.26	58.59	11,159	4.9	1,537,162
78	Valley View Bancshares Inc. Overland Park, Kan.	58.34	50.23	18,191	5.2	3,137,229
79	Regions Financial Corp. Birmingham, Ala.	58.36	63.57	1,149,891	-0.7	142,824,610
80	BOK Financial Corp. Tulsa	58.40	71.81	178,748	12.5	22,785,019
81	Pinnacle Bancorp Inc. Central City, Neb.	58.47	57.16	38,255	14.2	5,313,323
82	BBVA USA Bancshares Inc. Houston	58.50	53.70	419,537	-5.1	59,466,375
83	Southside Bancshares Inc. Tyler, Texas	58.51	53.46	18,247	28.2	2,743,277
84	First BanCorp. San Juan, Puerto Rico	58.78	51.75	92,137	13.9	20,012,887
85	Commonwealth Bankshares Inc. Norfolk	58.94	53.03	6,261	24.1	1,135,028
86	Stark Bank Group Ltd. Fort Dodge, Iowa	58.94	58.67	9,954	3.6	1,825,900
87	Metropolitan Bank Group Inc. Chicago	58.98	76.37	21,680	-28.0	3,174,725
88	Inwood Bancshares Inc. Dallas	59.04	47.60	8,283	28.5	1,304,956
89	Arrow Financial Corp. Glens Falls, N.Y.	59.11	53.42	12,119	16.4	1,718,632
90	Bank of Marin Bancorp Novato, Calif.	59.16	53.76	8,600	20.7	1,094,359
91	Umpqua Holdings Corp. Portland, Ore.	59.17	54.73	175,553	240.0	8,664,291
92	NBT Bancorp Inc. Norwich, N.Y.	59.21	54.72	41,968	18.4	5,417,057
93	Pacific Continental Corp. Eugene, Ore.	59.27	56.01	8,640	15.8	1,130,902
94	First Bank Corp Fort Smith, Ark.	59.35	55.89	11,657	9.2	1,462,288
95	Hills Bancorp. Iowa	59.37	55.96	11,700	17.0	1,794,398
96	SCBT Financial Corp. Columbia, S.C.	59.52	61.78	20,133	2.7	2,807,309
97	Capital One Financial Corp. McLean, Va.	59.57	53.15	1,911,138	4.0	171,911,307
98	Webster Financial Corp. Waterbury, Conn.	59.82	72.55	106,667	-23.0	17,471,449
99	Smithtown Bancorp Inc. Hauppauge, N.Y.	59.85	53.29	11,211	43.9	2,342,115
100	Bank of America Corp. Charlotte	59.89	43.51	17,242,728	80.4	2,256,059,674
101	First Financial Corp. Terre Haute, Ind.	59.91	55.25	18,006	10.9	2,354,973
102	Horizon Bancorp Michigan City, Ind.	59.99	58.88	9,928	20.5	1,343,296
103	Crews Banking Corp. Wauchula, Fla.	60.07	54.27	8,726	10.0	1,158,996
	Fulton Financial Corp. Lancaster, Pa.	60.07	56.86	107,806	-1.8	16,875,852
105	Bank of Kentucky Financial Corp. Crestview Hills	60.21	57.90	9,585	14.2	1,334,114
106	First Citizens Financial Corp. Mason City, Iowa	60.52	52.09	6,235	25.7	1,019,952
107	Fremont Bancorp. Calif.	60.54	77.44	26,442	33.7	2,320,936
108	Citizens and Northern Corp. Wellsboro, Pa.	60.57	56.76	9,133	10.6	1,297,009
109	Republic Bancorp Inc. Louisville	60.64	53.57	26,617	12.7	3,104,340
110	Trustmark Corp. Jackson, Miss.	60.72	53.43	77,121	10.8	9,626,870
111	Sierra Bancorp Porterville, Calif.	60.76	48.38	11,923	35.9	1,297,103
112	Security National Corp. Dakota Dunes, S.D.	60.81	59.26	7,575	13.6	1,022,195
113	Broadway Bancshares Inc. San Antonio	60.82	57.61	18,103	9.8	2,034,321
114	Bremer Financial Corp. St. Paul	60.86	56.98	58,879	8.7	7,625,136
115	Chemical Financial Corp. Midland, Mich.	61.11	57.15	29,687	9.4	3,998,756
116	BBVA PR Holding Corp. San Juan, Puerto Rico	61.12	49.29	31,610	2.2	5,791,848
117	Great Southern Bancorp Inc. Springfield, Mo.	61.20	47.91	20,555	49.3	3,335,788
118	Independent Bank Corp. Ionia, Mich.	61.45	61.90	32,854	11.7	2,978,295
119	National Americas Holdings LLC New York	61.55	NA	30,378	NA	5,168,500
120	TriCo Bancshares Chico, Calif.	61.63	58.43	19,344	8.4	2,087,841
121	Hancock Holding Co. Gulfport, Miss.	61.64	60.32	58,634	12.1	7,065,862
122	Austin Bancorp Inc. Jacksonville, Texas	61.69	60.74	10,408	10.0	1,044,649
123	Intervest Bancshares Corp. New York	61.73	41.16	6,554	56.2	2,380,044
124	Central Bancompany Inc. Jefferson City, Mo.	61.82	61.71	77,999	11.1	8,945,418
125	Center Financial Corp. Los Angeles	61.85	53.13	11,920	-2.6	2,255,453
126	FSB Mutual Holdings Inc. Perkasie, Pa.	61.88	52.04	4,620	26.6	1,086,495
127	Carolina Financial Corp. Charleston, S.C.	61.97	59.73	10,165	56.6	1,132,365
128	Commerce Bancshares Inc. Kansas City, Mo.	62.09	58.98	164,439	8.0	17,733,266
129	BancorpSouth Inc. Tupelo, Miss.	62.21	59.62	123,267	10.0	13,300,821
130	CNB Financial Corp. Clearfield, Pa.	62.21	63.41	7,810	9.9	1,050,726
131	First Bancshares Inc. Merrillville, Ind.	62.27	59.32	15,929	11.3	2,008,191
132	Summit Financial Group Inc. Moorefield, W.Va.	62.36	49.01	8,709	21.8	1,583,857
133	First National Community Bancorp Inc. Dunmore, Pa.	62.42	52.67	7,376	15.5	1,328,216
	Home BancShares Inc. Conway, Ark.	62.42	60.49	20,067	9.4	2,579,926
	Orrstown Financial Services Inc. Shippensburg, Pa.	62.42	54.08	8,199	20.9	1,112,989
136	Texas Capital Bancshares Inc. Dallas	62.43	61.49	35,292	29.2	5,306,996
137	MainSource Financial Group Inc. Greensburg, Ind.	62.64	56.34	67,862	292.8	2,928,661
138	Univest Corp. of Pennsylvania Souderton	62.67	58.44	16,790	11.3	2,086,821
139	First Busey Corp. Urbana, Ill.	62.68	56.46	30,128	11.0	4,276,514
	State Street Corp. Boston	62.68	67.16	1,374,611	-25.3	152,921,189
141	First Interstate BancSystem Inc. Billings, Mont.	62.79	59.12	57,065	8.6	6,773,036
142	First Security Group Inc. Chattanooga, Tenn.	62.90	69.08	9,813	-4.2	1,238,393
143	BancWest Corp. San Francisco	62.95	54.44	436,238	11.7	75,962,799
144	Peoples Bancorp Inc. Marietta, Ohio	62.97	54.55	15,521	19.0	2,039,713
145	United Community Banks Inc. Blairsville, Ga.	63.00	64.30	56,674	15.3	8,403,046
146	Tompkins Financial Corp. Ithaca, N.Y.	63.04	62.30	24,673	13.3	2,968,057
147	Heritage Financial Corp. Olympia, Wash.	63.27	62.56	8,115	9.4	966,763
148	S.Y. Bancorp Inc. Louisville	63.34	54.69	15,088	19.9	1,746,827
149	Salem Five Bancorp Mass.	63.35	75.48	14,841	-0.7	2,832,625
150	Cullen/Frost Bankers Inc. San Antonio	63.38	56.82	136,230	14.8	15,854,035

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). Figures for prior periods are not adjusted for mergers and acquisitions. Rankings include only current companies as of Oct. 23, 2009.
Source:

SNL Financial