Most Efficient Bank Holding Companies

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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesOn Dec. 31, 2009. Dollars in thousands.
Published May 19, 2010

Rank   Efficiency Ratio* Noninterest Expenses 4Q 09 Assets
2009 2008 2009 2008 Change
1 Central Bancorp Inc. Garland, Tex. 15.86 76.73 $49,369 $30,240 63.3% $2,597,094
2 East West Bancorp Inc. Pasadena, Calif. 23.85 47.35 235,657 194,309 21.3 20,608,847
3 NRBC Holding Corp. Chicago 24.07 29.07 11,899 9,935 19.8 1,260,056
4 Republic Bancorp Co. Oak Brook, Ill. 27.03 53.85 30,905 18,405 67.9 1,365,534
5 First Financial Bancorp. Cincinnati 27.68 68.43 170,638 115,176 48.2 6,681,123
6 Stearns Financial Services Inc. St. Cloud, Minn. 29.96 42.04 40,903 29,509 38.6 1,494,371
7 Midland States Bancorp Inc. Effingham, Ill. 30.29 79.78 23,203 12,864 80.4 1,141,325
8 New York Community Bancorp Inc. Westbury 33.07 76.11 406,040 626,637 -35.2 42,148,196
9 Discover Financial Services Riverwoods, Ill. 35.27 NA 2,292,552 NA NA 68,570,088
10 Great Southern Bancorp Inc. Springfield, Mo. 35.73 50.16 78,151 54,998 42.1 3,643,167
11 Oriental Financial Group Inc. San Juan, Puerto Rico 37.37 40.11 99,580 72,743 36.9 6,550,833
12 Westamerica Bancorp. San Rafael, Calif. 38.26 39.52 142,777 102,999 38.6 4,980,178
13 First Bancorp Troy, N.C. 39.43 57.44 78,490 62,615 25.4 3,551,286
14 Wilshire Bancorp Inc. Los Angeles 39.87 43.98 58,642 47,506 23.4 3,435,992
15 IBERIABANK Corp. Lafayette, La. 41.11 68.01 218,232 160,879 35.6 9,700,751
16 First Bancorp Inc. Damariscotta, Maine 43.02 46.26 25,589 22,899 11.7 1,331,394
17 Prosperity Bancshares Inc. Houston 43.22 42.27 168,619 129,151 30.6 8,855,188
18 Bank of the Ozarks Inc. Little Rock 44.38 41.06 68,632 54,398 26.2 2,770,811
19 United National Corp. Sioux Falls, S.D. 45.54 45.94 382,166 380,995 0.3 1,684,665
20 Ida Grove Bancshares Inc. Iowa 45.54 42.23 20,431 18,271 11.8 1,094,269
21 West Bancorp. Inc. West Des Moines 45.69 44.04 37,984 26,956 40.9 1,575,054
22 U.S. Bancorp Minneapolis 46.04 44.58 8,258,000 7,326,000 12.7 281,176,000
23 Lakeside Bancorp Inc. Chicago 46.48 44.27 18,116 15,466 17.1 1,088,098
24 Fifth Third Bancorp Cincinnati 46.54 54.91 3,826,567 4,564,269 -16.2 113,379,555
25 National Bankshares Inc. Blacksburg, Va. 46.86 46.91 23,451 21,889 7.1 982,367
26 Amarillo National Bancorp Inc. Tex. 47.41 47.47 66,774 63,601 5.0 2,796,347
27 CVB Financial Corp. Ontario, Calif. 47.42 49.20 143,848 127,031 13.2 6,741,115
28 First Citizens Bancorp. Inc. Columbia, S.C. 47.72 64.64 225,118 203,328 10.7 8,436,868
29 Glacier Bancorp Inc. Kalispell, Mont. 48.35 49.43 162,190 144,954 11.9 6,191,795
30 Bank of Highland Park Financial Corp. Ill. 48.37 39.08 14,801 11,649 27.1 1,316,527
31 Porter Bancorp Inc. Louisville 48.73 49.22 30,252 27,494 10.0 1,835,090
32 Industry Bancshares Inc. Industry, Tex. 48.77 52.66 23,529 19,365 21.5 1,111,901
33 American National Corp. Omaha 48.79 52.02 45,914 43,207 6.3 1,657,638
34 FirstBank Holding Co. Lakewood, Colo. 48.99 49.23 261,198 237,554 10.0 10,129,222
35 American State Financial Corp. Lubbock 49.24 52.43 64,969 59,911 8.4 2,406,683
36 Zions Bancorp. Salt Lake City 49.49 57.38 2,214,660 1,811,963 22.2 51,144,478
37 City Holding Co. Charleston, W.Va. 49.49 45.96 76,357 74,954 1.9 2,632,312
38 NEB Corp. Fond Du Lac, Wis. 49.52 51.59 33,890 34,185 -0.9 1,475,400
39 PacWest Bancorp San Diego 49.56 50.04 160,340 901,672 -82.2 5,325,569
40 Hometown Community Bancorp Inc. Morton, Ill. 49.65 59.65 42,696 28,318 50.8 2,370,898
41 Farmers & Merchants Bancorp Lodi, Calif. 49.83 45.50 45,386 37,959 19.6 1,783,269
42 First Financial Bankshares Inc. Abilene, Tex. 50.15 50.18 94,001 91,587 2.6 3,279,456
43 Cashmere Valley Financial Corp. Cashmere, Wash. 50.40 49.50 23,049 20,965 9.9 1,025,950
44 Tennessee Commerce Bancorp Inc. Franklin 50.44 45.38 21,305 17,608 21.0 1,383,432
45 First Bancorp Inc. Lebanon, Va. 50.64 56.33 26,170 25,100 4.3 1,130,274
46 Lakeland Financial Corp. Warsaw, Ind. 51.15 53.76 53,458 47,457 12.6 2,572,781
47 International Bancshares Corp. Laredo, Tex. 51.45 56.90 309,175 301,157 2.7 11,762,543
48 Southwest Bancorp Inc. Stillwater, Okla. 51.85 59.54 62,399 63,979 -2.5 3,108,291
49 Wells Fargo & Co. San Francisco 51.87 54.34 48,837,000 23,085,000 111.6 1,243,646,000
50 JPMorgan Chase & Co. New York 51.92 63.11 53,046,000 43,088,000 23.1 2,031,989,000
51 Investors Bancorp MHC Short Hills, N.J. 52.07 57.39 108,899 83,804 29.9 8,362,605
52 Villages Bancorp. Inc. The Villages, Fla. 52.18 50.17 20,926 20,671 1.2 1,178,509
53 Ameris Bancorp Moultrie, Ga. 52.40 67.07 124,800 62,754 98.9 2,423,970
54 United Bankshares Inc. Charleston, W.Va. 52.45 48.72 171,101 170,835 0.2 7,805,101
55 Cathay General Bancorp El Monte, Calif. 52.50 41.17 152,270 138,565 9.9 11,588,232
56 Traditional Bancorp. Inc. Mount Sterling, Ky. 52.69 53.71 18,782 17,425 7.8 971,128
57 Park National Corp. Newark, Ohio 52.94 51.42 188,725 234,501 -19.5 7,040,329
58 Bar Harbor Bankshares Maine 53.20 57.84 21,725 20,514 5.9 1,072,381
59 Pacific Continental Corp. Eugene, Ore. 53.31 55.20 31,147 29,541 5.4 1,199,998
60 Republic Bancorp Inc. Louisville 53.40 56.52 121,485 107,486 13.0 3,918,768
61 Wintrust Financial Corp. Lake Forest, Ill. 53.44 72.02 336,499 255,079 31.9 12,215,620
62 First BanCorp. San Juan, Puerto Rico 53.87 50.97 338,258 323,740 4.5 19,628,448
63 Machias Bancorp MHC Maine 53.88 62.41 27,056 27,368 -1.1 959,922
64 Bank of Marin Bancorp Novato, Calif. 54.11 53.01 31,696 28,663 10.6 1,121,773
65 BB&T Corp. Winston-Salem, N.C. 54.19 51.51 4,689,516 3,901,830 20.2 165,764,218
66 Huntington Bancshares Inc. Columbus, Ohio 54.27 55.68 3,971,321 1,436,177 176.5 51,554,989
67 S&T Bancorp Inc. Indiana, Pa. 54.29 44.15 108,042 84,431 28.0 4,170,475
68 Hudson Valley Holding Corp. Yonkers, N.Y. 54.29 52.55 72,890 72,066 1.1 2,665,556
69 Inwood Bancshares Inc. Dallas 54.33 50.37 29,885 27,688 7.9 1,302,888
70 Stockman Financial Corp. Miles City, Mont. 54.42 60.08 40,583 41,966 -3.3 1,795,416
71 First Financial Corp. Terre Haute, Ind. 54.48 55.38 73,133 66,478 10.0 2,515,945
72 Camden National Corp. Maine 54.65 51.43 51,081 46,816 9.1 2,235,383
73 Suffolk Bancorp Riverhead, N.Y. 54.72 50.72 48,801 42,701 14.3 1,694,496
74 Associated Banc-Corp Green Bay, Wis. 54.84 51.69 597,033 552,828 8.0 22,864,807
75 Olney Bancshares of Texas Inc. 54.86 56.30 43,182 42,214 2.3 1,570,499
76 HSBC North America Holdings Inc. New York 54.93 48.39 11,433,049 10,787,974 6.0 391,332,071
77 PNC Financial Services Group Inc. Pittsburgh 54.95 58.22 9,619,066 4,417,457 117.8 269,921,958
78 First Security Bancorp Searcy, Ark. 55.19 65.49 124,778 103,802 20.2 3,160,160
79 Hills Bancorp. Iowa 55.44 54.07 43,746 39,102 11.9 1,830,626
80 Heartland Bancorp Inc. Bloomington, Ill. 55.50 64.04 43,089 40,627 6.1 1,450,786
81 Arrow Financial Corp. Glens Falls, N.Y. 55.64 54.65 46,592 42,398 9.9 1,841,627
82 Home BancShares Inc. Conway, Ark. 55.70 61.01 72,082 75,128 -4.1 2,684,865
83 1st United Bancorp Inc. Boca Raton, Fla. 55.70 100.31 26,168 22,904 14.3 1,015,567
84 Middlesex Bancorp MHC Natick, Mass. 55.98 NA 84,014 NA NA 3,954,049
85 Capital One Financial Corp. McLean, Va. 55.99 51.83 7,343,076 8,195,333 -10.4 169,400,094
86 Southside Bancshares Inc. Tyler, Tex. 56.00 55.19 70,683 60,178 17.5 3,024,288
87 BBVA PR Holding Corp. San Juan, Puerto Rico 56.11 55.87 120,170 128,619 -6.6 5,520,049
88 Nara Bancorp Inc. Los Angeles 56.26 51.78 61,406 59,424 3.3 3,227,957
89 Bank of Hawaii Corp. Honolulu 56.32 54.33 393,172 393,557 -0.1 12,414,827
90 Goldman Sachs Group Inc. New York 56.35 NA 25,344,000 NA NA 849,278,000
91 Citizens & Northern Corp. Wellsboro, Pa. 56.45 56.45 33,702 33,446 0.8 1,321,795
92 W.T.B. Financial Corp. Spokane 56.48 58.14 107,150 102,656 4.4 4,104,552
93 First Midwest Bancorp Inc. Itasca, Ill. 56.83 52.73 216,148 192,347 12.4 7,710,759
94 Valley National Bancorp Wayne, N.J. 57.04 54.52 306,199 285,248 7.3 14,284,153
95 Trustmark Corp. Jackson, Miss. 57.08 55.29 299,778 283,299 5.8 9,526,018
96 Wilson Bank Holding Co. Lebanon, Tenn. 57.24 57.10 36,549 34,507 5.9 1,450,733
97 BOK Financial Corp. Tulsa 57.27 58.91 691,500 610,883 13.2 23,529,554
98 Cascade Financial Corp. Everett, Wash. 57.37 51.85 44,073 28,114 56.8 1,704,629
99 BBVA USA Bancshares Inc. Houston 57.48 58.53 3,391,057 2,472,154 37.2 64,631,044
100 Fulton Financial Corp. Lancaster, Pa. 57.62 56.31 413,102 496,625 -16.8 16,635,635
101 Bank of Kentucky Financial Corp. Crestview Hills 57.67 58.81 36,677 34,223 7.2 1,564,323
102 Trinity Capital Corp. Los Alamos, N.M. 57.77 61.93 40,448 33,714 20.0 1,676,741
103 M&T Bank Corp. Buffalo 57.80 52.92 1,908,403 1,626,550 17.3 68,880,399
104 Bank of America Corp. Charlotte 57.96 51.20 66,702,425 41,427,424 61.0 2,224,539,279
105 First National Security Co. Hot Springs, Ark. 58.03 55.78 18,329 19,105 -4.1 1,052,545
106 Security National Corp. Dakota Dunes, S.D. 58.07 60.51 28,857 27,698 4.2 1,064,973
107 Horizon Bancorp Michigan City, Ind. 58.14 60.57 37,812 32,779 15.4 1,387,020
108 Summit Financial Group Inc. Moorefield, W.Va. 58.19 52.48 32,344 29,433 9.9 1,584,617
109 Hancock Holding Co. Gulfport, Miss. 58.32 61.84 233,278 213,481 9.3 8,715,237
110 Sierra Bancorp Porterville, Calif. 58.33 48.60 43,885 35,611 23.2 1,334,095
111 Pinnacle Bancorp Inc. Central City, Neb. 58.45 57.29 152,611 138,796 10.0 5,488,663
112 Amboy Bancorp. Old Bridge, N.J. 58.47 53.20 52,229 33,708 54.9 2,745,049
113 Liberty Bancshares Inc Springfield, Mo. 58.52 65.85 23,578 23,435 0.6 950,723
114 FSB Mutual Holdings Inc. Perkasie, Pa. 58.66 53.13 18,593 14,992 24.0 1,074,839
115 Orrstown Financial Services Inc. Shippensburg, Pa. 58.75 56.35 31,700 27,880 13.7 1,196,432
116 Santander BanCorp Guaynabo, Puerto Rico 58.79 66.62 287,163 332,157 -13.5 6,761,618
117 First Bank Corp Fort Smith, Ark. 58.86 56.12 45,704 43,106 6.0 1,523,183
118 First Bancshares Inc. Merrillville, Ind. 58.93 58.68 61,005 57,363 6.3 2,011,062
119 Washington Banking Co. Oak Harbor, Wash. 58.99 60.54 28,670 27,415 4.6 1,045,868
120 ServisFirst Bancshares Inc. Birmingham, Ala. 59.01 54.03 28,755 20,576 39.8 1,573,497
121 NBT Bancorp Inc. Norwich, N.Y. 59.24 55.15 171,010 147,198 16.2 5,464,026
122 Center Financial Corp. Los Angeles 59.31 61.10 44,740 55,307 -19.1 2,189,699
123 Citigroup Inc. New York 59.33 108.76 50,620,000 72,401,000 -30.1 1,856,646,000
124 Central Banco. Inc. Jefferson City, Mo. 59.40 58.53 292,879 280,873 4.3 9,390,741
125 Crews Banking Corp. Wauchula, Fla. 59.47 55.46 33,629 31,366 7.2 1,152,498
126 National Americas Holdings LLC New York 59.58 51.77 127,394 58,415 118.1 5,374,625
127 Intervest Bancshares Corp. New York 59.58 44.01 27,084 18,873 43.5 2,401,204
128 SCBT Financial Corp. Columbia, S.C. 59.61 62.93 79,401 79,074 0.4 2,702,188
129 Bremer Financial Corp. St. Paul 59.74 56.86 233,117 212,838 9.5 7,799,981
130 First of Long Island Corp. Glen Head, N.Y. 59.85 56.92 34,840 29,689 17.3 1,675,169
131 Commerce Bancshares Inc. Kansas City, Mo. 59.88 62.71 641,520 628,781 2.0 18,147,945
132 Northern Trust Corp. Chicago 59.99 65.68 2,326,210 2,897,752 -19.7 82,141,531
133 Cullen/Frost Bankers Inc. San Antonio 60.09 56.59 528,874 481,282 9.9 16,361,611
134 BancWest Corp. San Francisco 60.14 54.39 1,657,552 1,579,326 5.0 73,814,316
135 Austin Bancorp Inc. Jacksonville, Tex. 60.14 59.68 41,023 37,351 9.8 1,042,372
136 Alpine Banks of Colorado Glenwood Springs 60.19 59.23 84,775 83,980 0.9 2,672,050
137 Peoples Bancorp Inc. Marietta, Ohio 60.20 55.84 58,682 53,485 9.7 2,002,272
138 Summit Bancorp Inc. Arkadelphia, Ark. 60.31 59.90 25,431 24,252 4.9 1,088,597
139 Heritage Financial Corp. Olympia, Wash. 60.42 60.46 30,952 28,967 6.9 1,014,859
140 National Penn Bancshares Inc. Boyertown, Pa. 60.44 53.54 508,616 216,531 134.9 9,483,910
141 Valley View Bancshares Inc. Overland Park, Kan. 60.52 51.15 73,870 66,992 10.3 3,248,099
142 S.Y. Bancorp Inc. Louisville 60.66 56.93 57,530 49,437 16.4 1,775,912
143 Discount Bancorp Inc. New York 60.73 59.24 166,640 160,724 3.7 9,519,594
144 MainSource Financial Group Inc. Greensburg, Ind. 60.74 58.21 167,532 73,999 126.4 2,906,530
145 Enterprise Financial Services Corp Clayton, Mo. 60.84 67.16 104,604 64,421 62.4 2,365,654
146 Taunus Corp. New York 60.88 925.30 7,572,000 7,835,000 -3.4 369,105,000
147 Chemical Financial Corp. Midland, Mich. 60.88 57.23 116,635 108,549 7.4 4,250,712
148 Broadway Bancshares Inc. San Antonio 60.94 56.89 72,395 67,459 7.3 2,203,541
149 CNB Financial Corp. Clearfield, Pa. 60.98 70.63 29,792 28,801 3.4 1,161,591
150 First National Community Bancorp Inc. Dunmore, Pa. 61.09 51.16 31,149 25,717 21.1 1,395,410
151 City National Corp. Los Angeles 61.11 60.74 574,765 585,140 -1.8 21,084,847
152 First Interstate BancSystem Inc. Billings, Mont. 61.12 57.65 211,212 205,480 2.8 7,134,445
153 Four Oaks Fincorp Inc. N.C. 61.21 71.44 30,398 21,772 39.6 976,751
154 RCB Holding Co. Inc. Claremore, Okla. 61.24 59.02 38,277 34,408 11.2 1,412,811
155 TriCo Bancshares Chico, Calif. 61.26 58.14 75,450 68,738 9.8 2,170,520
156 First Co Bancorp Inc. Collinsville, Ill. 61.30 68.08 24,714 24,043 2.8 959,432
157 Tompkins Financial Corp. Ithaca, N.Y. 61.35 62.10 96,617 87,056 11.0 3,152,450
158 First Citizens Financial Corp. Mason City, Iowa 61.53 51.19 25,356 19,197 32.1 1,060,857
159 First Commonwealth Financial Corp. Indiana, Pa. 61.60 60.65 170,845 158,305 7.9 6,447,197
160 Banterra Corp Eldorado, Ill. 61.60 61.36 34,636 30,209 14.7 1,075,621
161 Popular Inc. Hato Rey, Puerto Rico 61.63 61.56 1,154,000 1,337,000 -13.7 34,736,000
162 MB Financial Inc. Chicago 61.68 63.66 271,387 232,782 16.6 10,865,393
163 North American Bancshares Inc. Sherman, Tex. 61.69 65.93 54,145 54,030 0.2 1,851,600
164 Intrust Financial Corp. Wichita 61.77 60.18 113,823 115,601 -1.5 3,704,904
165 Liberty Bancshares Inc Jonesboro, Ark. 61.84 62.47 65,264 62,294 4.8 2,550,439
166 River Valley Bancorp. Inc. Wausau, Wis. 62.08 66.00 33,985 29,078 16.9 952,787
167 Centra Financial Holdings Inc. Morgantown, W.Va. 62.15 66.02 33,382 32,727 2.0 1,293,157
168 PrivateBancorp Inc. Chicago 62.43 83.83 246,011 196,125 25.4 12,059,433
169 Columbia Banking System Inc. Tacoma 62.66 59.06 95,491 94,419 1.1 3,201,183
170 Marshall & Ilsley Corp. Milwaukee 62.70 55.31 1,441,645 2,927,076 -50.7 57,268,095
171 Univest Corp. of Pennsylvania Souderton 62.72 58.56 65,324 57,225 14.2 2,085,421
172 First Citizens Bancshares Inc. Dyersburg, Tenn. 62.95 65.91 28,782 28,347 1.5 956,610
173 Tri City Bankshares Corp. Oak Creek, Wis. 63.04 61.51 31,687 29,368 7.9 1,124,530
174 First Busey Corp. Champaign, Ill. 63.12 59.44 327,695 135,021 142.7 3,814,852
175 Community Trust Bancorp Inc. Pikeville, Ky. 63.13 57.95 93,801 82,532 13.7 3,086,659
176 Cummins-American Corp. Glenview, Ill. 63.13 62.48 22,625 22,370 1.1 1,023,959
177 Commonwealth Bankshares Inc. Norfolk 63.15 52.36 25,032 20,110 24.5 1,276,503
178 FirstMerit Corp. Akron 63.23 58.69 352,846 330,655 6.7 10,541,630
179 Umpqua Holdings Corp. Portland, Ore. 63.29 51.63 356,662 208,976 70.7 9,388,433
180 Regions Financial Corp. Birmingham, Ala. 63.35 65.84 4,503,195 10,502,719 -57.1 142,354,415
181 Longview Financial Corp. Tex. 63.37 62.63 33,879 33,081 2.4 1,217,762
182 Smithtown Bancorp Inc. Hauppauge, N.Y. 63.51 52.07 48,768 31,950 52.6 2,634,930
183 NewAlliance Bancshares Inc. New Haven 63.54 63.98 170,290 164,081 3.8 8,434,341
184 First State Bancshares Inc. Farmington, Mo. 63.55 65.76 30,531 27,742 10.1 1,024,587
185 Coppermark Bancshares Inc. Oklahoma City 63.62 59.47 33,918 33,487 1.3 1,140,797
186 BNC Bancorp High Point, N.C. 63.74 70.88 33,016 27,388 20.5 1,634,700
187 First Mid-Illinois Bancshares Inc. Mattoon 63.75 59.77 32,965 31,351 5.1 1,095,155
188 Lone Star National Bancshares-Texas Inc. McAllen 63.80 57.40 45,258 40,107 12.8 1,858,402
189 Paragon Commercial Corp. Raleigh 63.83 57.20 18,564 16,096 15.3 1,307,830
190 First American Bank Corp. Elk Grove Village, Ill. 63.85 73.91 80,441 83,100 -3.2 2,868,640
191 Heartland Financial USA Inc. Dubuque, Iowa 63.86 68.06 124,420 101,959 22.0 4,012,991
192 Canandaigua National Corp. N.Y. 63.93 62.35 54,198 47,243 14.7 1,566,000
193 Texas Capital Bancshares Inc. Dallas 63.97 62.85 145,307 110,258 31.8 5,698,917
194 Durant Bancorp Inc. Okla. 64.01 57.87 70,006 59,279 18.1 2,239,384
195 Educational Services of America Inc Knoxville, Tenn. 64.09 NA 21,190 NA NA 1,392,280
196 German American Bancorp Inc. Jasper, Ind. 64.09 60.07 40,391 36,716 10.0 1,243,769
197 Franklin Financial Services Corp. Chambersburg, Pa. 64.18 57.95 26,447 23,817 11.0 980,974
198 Provident Financial Services Inc. Jersey City 64.22 59.72 296,793 130,490 127.4 6,836,172
199 First Guaranty Bancshares Inc. Hammond, La. 64.24 60.26 24,313 22,897 6.2 931,535

Note: Only top-tier bank holding companies that filed a Y-9C statement with the Fed as of April 28, 2010, 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 operating as of May 1, 2010.

Source:

SNL Financial
, Charlottesville, Va.
© 2010 American Banker