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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

November 11, 2010, 12:03 a.m. EST 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesOn June 30, 2010. Dollars in thousands.
Published November 10, 2010
Rank   Efficiency Ratio* Noninterest Expenses 2Q 2010 Assets
2010 2009 2010 2009 Change
1 NRBC Holding Corp. Chicago 24.18 22.76 $3,173 $2,593 22.4% $1,272,963
2 Discover Financial Services Riverwoods, Ill. 31.42 NA 532,784 NA NA 60,721,686
3 New York Community Bancorp Inc. Westbury 35.54 42.51 141,062 107,344 31.4 42,026,691
4 BNC Bancorp High Point, N.C. 36.43 65.46 13,400 8,375 60.0 2,161,991
5 United National Corp. Sioux Falls, S.D. 38.52 47.45 75,065 95,955 -21.8 1,858,030
6 MB Financial Inc. Chicago 42.19 69.28 77,101 67,412 14.4 10,643,813
7 Center Financial Corp. Los Angeles 42.61 61.85 12,235 11,920 2.6 2,273,242
8 National Bankshares Inc. Blacksburg, Va. 42.88 49.92 5,692 6,164 -7.7 994,875
9 Prosperity Bancshares Inc. Houston 42.95 45.97 42,837 44,087 -2.8 9,612,421
10 Lakeside Bancorp Inc. Chicago 42.98 45.97 4,835 4,359 10.9 1,096,084
11 Westamerica Bancorp. San Rafael, Calif. 43.23 47.65 32,896 39,177 -16.0 4,724,277
12 Industry Bancshares Inc. Industry, Texas 43.44 51.12 5,896 5,873 0.4 1,242,950
13 Investors Bancorp MHC Short Hills, N.J. 44.14 43.93 30,714 28,098 9.3 8,845,705
14 Ida Grove Bancshares Inc. Iowa 45.03 47.60 5,189 5,516 -5.9 1,098,697
15 Farmers and Merchants Bancorp Lodi, Calif. 45.39 51.09 9,832 11,424 -13.9 1,723,404
16 Hancock Holding Co. Gulfport, Miss. 45.48 61.64 69,458 58,634 18.5 8,516,585
17 Oriental Financial Group Inc. San Juan, Puerto Rico 45.71 23.61 27,500 21,861 25.8 8,078,544
18 Community and Southern Holdings Inc. Carrollton, Ga. 45.78 NA 12,001 NA NA 1,881,660
19 First Bancorp Inc. Damariscotta, Maine 45.89 41.74 5,907 6,228 -5.2 1,326,275
20 Lakeland Financial Corp. Warsaw, Ind. 46.27 54.43 13,420 14,149 -5.2 2,635,355
21 ServisFirst Bancshares Inc. Birmingham, Ala. 46.71 57.68 7,735 6,883 12.4 1,681,884
22 Wilshire Bancorp Inc. Los Angeles 47.39 30.69 16,745 14,608 14.6 3,437,089
23 American State Financial Corp. Lubbock, Texas 47.76 48.84 17,141 16,180 5.9 2,490,499
24 Wilson Bank Holding Co. Lebanon, Tenn. 47.80 55.75 8,016 8,952 -10.5 1,514,361
25 First Bancorp Inc. Lebanon, Va. 47.88 50.17 6,809 6,708 1.5 1,183,605
26 Ames National Corp. Iowa 48.03 59.60 4,614 5,538 -16.7 926,978
27 FirstBank Holding Co. Lakewood, Colo. 48.05 49.72 66,554 67,555 -1.5 10,315,643
28 Tennessee Commerce Bancorp Inc. Franklin 48.07 64.04 6,711 6,385 5.1 1,389,528
29 Bond Street Holdings Inc. Miami 48.26 NA 8,286 NA NA 2,169,446
30 Orrstown Financial Services Inc. Shippensburg, Pa. 48.46 62.42 8,473 8,199 3.3 1,359,528
31 First Security Bancorp Searcy, Ark. 48.92 54.94 29,952 31,469 -4.8 3,392,168
32 First Financial Bankshares Inc. Abilene, Texas 48.97 52.27 23,952 24,360 -1.7 3,335,595
33 Villages Bancorp. Inc. The Villages, Fla. 49.01 46.18 5,369 4,727 13.6 1,153,543
34 Bank of Granite Corp. Granite Falls, N.C. 49.48 113.48 7,339 9,907 -25.9 987,900
35 PNC Financial Services Group Inc. Pittsburgh 49.66 64.57 1,990,025 2,589,303 -23.1 261,769,262
36 U.S. Bancorp Minneapolis 49.97 48.65 2,342,000 2,126,000 10.2 283,243,000
37 NEB Corp. Fond Du Lac, Wis. 49.98 50.33 8,204 8,788 -6.6 1,444,765
38 Capital One Financial Corp. McLean, Va. 49.99 59.57 1,983,786 1,911,138 3.8 197,488,678
39 Liberty Bancshares Inc Springfield, Mo. 50.08 63.34 6,486 6,058 7.1 971,226
40 Cathay General Bancorp El Monte, Calif. 50.12 67.28 39,796 41,694 -4.6 11,413,046
41 Midland States Bancorp Inc. Effingham, Ill. 50.35 15.76 12,281 7,645 60.6 1,659,140
42 Hills Bancorp. Iowa 50.37 59.37 11,050 11,700 -5.6 1,842,279
43 CIT Group Inc. New York 50.40 213.46 481,701 1,288,060 -62.6 54,917,588
44 Amarillo National Bancorp Inc. Texas 50.47 46.41 18,086 16,546 9.3 2,729,637
45 Home BancShares Inc. Conway, Ark. 50.52 62.42 18,772 20,067 -6.5 3,038,889
46 Heartland Bancorp Inc. Bloomington, Ill. 50.98 57.13 10,764 11,388 -5.5 1,648,747
47 Virginia Commerce Bancorp Inc. Arlington 51.27 56.73 13,729 13,587 1.0 2,826,807
48 S&T Bancorp Inc. Indiana, Pa. 51.39 64.83 25,867 32,732 -21.0 4,139,238
49 HSBC North America Holdings Inc. New York 51.42 -707.65 1,812,100 3,843,329 -52.9 333,997,956
50 Southwest Bancorp Inc. Stillwater, Okla. 51.52 46.28 16,160 14,910 8.4 3,010,835
51 City Holding Co. Charleston, W.Va. 51.64 52.82 19,868 20,233 -1.8 2,643,006
52 National Americas Holdings LLC New York 51.78 61.55 39,086 30,378 28.7 8,460,307
53 United Community Bancorp Inc. Chatham, Ill. 52.02 46.24 6,491 4,417 47.0 1,153,503
54 M&T Bank Corp. Buffalo, N.Y. 52.06 67.29 457,896 538,721 -15.0 68,153,616
Olney Bancshares of Texas Inc. 52.06 58.26 10,568 11,159 -5.3 1,621,746
56 Nara Bancorp Inc. Los Angeles 52.36 64.28 15,881 16,745 -5.2 2,901,064
57 Traditional Bancorp. Inc. Mount Sterling, Ky. 52.38 57.27 5,016 4,979 0.7 1,004,954
58 First Citizens Financial Corp. Mason City, Iowa 52.51 60.52 5,699 6,235 -8.6 1,059,182
59 Inwood Bancshares Inc. Dallas 52.60 59.04 6,707 8,283 -19.0 1,315,180
United Bank Corp. Zebulon, Ga. 52.60 71.88 6,746 7,854 -14.1 943,730
61 Independence Bancshares Inc. Owensboro, Ky. 52.77 62.25 5,995 6,041 -0.8 965,678
62 Bank of Kentucky Financial Corp. Crestview Hills 52.80 60.21 10,316 9,585 7.6 1,519,620
63 Provident Financial Services Inc. Jersey City 52.91 78.38 33,875 38,080 -11.0 6,823,487
64 FSB Mutual Holdings Inc. Perkasie, Pa. 53.02 61.88 5,674 4,620 22.8 1,064,228
65 Citizens and Northern Corp. Wellsboro, Pa. 53.06 60.57 7,632 9,133 -16.4 1,338,657
66 Fulton Financial Corp. Lancaster, Pa. 53.10 60.07 100,158 107,806 -7.1 16,626,877
67 Glacier Bancorp Inc. Kalispell, Mont. 53.19 48.66 42,125 41,058 2.6 6,294,836
68 Bank of the Ozarks Inc. Little Rock 53.36 45.46 21,110 17,945 17.6 2,878,572
69 Citigroup Inc. New York 53.41 40.37 12,231,000 12,674,000 -3.5 1,937,656,000
70 Stockman Financial Corp. Miles City, Mont. 53.67 54.65 10,157 10,400 -2.3 1,866,887
71 Suffolk Bancorp Riverhead, N.Y. 53.70 55.31 12,349 12,531 -1.5 1,702,952
72 Park National Corp. Newark, Ohio 53.77 55.75 47,001 50,151 -6.3 7,093,098
73 First of Long Island Corp. Glen Head, N.Y. 54.01 66.04 8,955 8,948 0.1 1,598,287
74 First Citizens Bancorp. Inc. Columbia, S.C. 54.02 70.22 61,817 57,799 7.0 8,672,190
75 Santander BanCorp Guaynabo, Puerto Rico 54.13 55.88 65,992 72,001 -8.3 6,785,249
76 Camden National Corp. Maine 54.28 55.69 12,927 13,416 -3.6 2,294,834
77 Bank of Hawaii Corp. Honolulu 54.47 57.83 86,084 100,518 -14.4 12,855,845
78 First Financial Corp. Terre Haute, Ind. 54.57 59.91 18,588 18,006 3.2 2,522,608
79 National Penn Bancshares Inc. Boyertown, Pa. 54.62 65.12 66,563 62,651 6.2 9,222,127
80 West Bancorp. Inc. West Des Moines 54.69 54.52 7,350 31,209 -76.4 1,608,877
81 Great Southern Bancorp Inc. Springfield, Mo. 54.86 61.20 21,953 20,555 6.8 3,491,026
82 Washington Banking Co. Oak Harbor 54.92 59.70 11,878 7,182 65.4 1,599,987
83 United Bankshares Inc. Charleston, W.Va. 55.00 53.13 43,019 45,118 -4.7 7,463,360
84 Bar Harbor Bankshares Maine 55.08 52.00 5,374 5,552 -3.2 1,084,547
85 CNB Financial Corp. Clearfield, Pa. 55.21 62.21 7,402 7,810 -5.2 1,324,980
86 Apple Financial Holdings Inc. New York 55.45 56.00 21,138 22,697 -6.9 6,952,824
87 Bank of Marin Bancorp Novato, Calif. 55.51 59.16 8,591 8,600 -0.1 1,185,536
88 Security National Corp. Dakota Dunes, S.D. 55.62 60.81 7,149 7,575 -5.6 1,053,141
89 Valley National Bancorp Wayne, N.J. 55.70 66.36 80,035 78,099 2.5 14,112,481
90 First Bancshares Inc. Merrillville, Ind. 55.82 62.27 14,836 15,929 -6.9 2,036,040
91 Pinnacle Bancorp Inc. Central City, Neb. 55.92 58.47 38,009 38,255 -0.6 5,656,538
92 Bank of Highland Park Financial Corp. Ill. 56.20 44.77 4,352 3,483 24.9 1,241,833
93 Hudson Valley Holding Corp. Yonkers, N.Y. 56.43 55.41 18,090 19,620 -7.8 2,883,239
94 Liberty Bancshares Inc Jonesboro, Ark. 56.48 64.47 15,818 16,910 -6.5 2,538,550
95 Longview Financial Corp. Texas 56.50 66.33 8,458 8,442 0.2 1,275,645
96 Lakeland Bancorp Inc. Oak Ridge, N.J. 56.61 73.08 17,107 20,241 -15.5 2,738,913
97 NewAlliance Bancshares Inc. New Haven, Conn. 56.62 66.11 43,391 43,730 -0.8 8,712,875
98 Wells Fargo & Co. San Francisco 56.81 53.48 12,714,000 12,627,000 0.7 1,225,862,000
99 Cashmere Valley Financial Corp. Cashmere, Wash. 56.91 49.05 5,737 6,149 -6.7 1,068,492
100 Pacific Continental Corp. Eugene, Ore. 56.93 59.27 7,968 8,640 -7.8 1,177,352
101 Texas Capital Bancshares Inc. Dallas 56.98 62.43 37,759 35,292 7.0 5,962,125
102 First Guaranty Bancshares Inc. Hammond, La. 57.05 68.59 6,338 6,162 2.9 1,026,656
103 W.T.B. Financial Corp. Spokane, Wash. 57.08 51.25 26,682 28,835 -7.5 4,076,258
104 PacWest Bancorp San Diego 57.18 75.00 42,332 38,567 9.8 5,154,391
105 First Co Bancorp Inc. Collinsville, Ill. 57.23 66.63 6,218 6,743 -7.8 1,011,468
106 International Bancshares Corp. Laredo, Texas 57.24 56.62 79,124 85,097 -7.0 11,305,690
107 First National Security Co. Hot Springs, Ark. 57.36 55.35 6,047 4,450 35.9 1,005,565
108 Summit Bancorp Inc. Arkadelphia, Ark. 57.42 64.18 6,433 6,529 -1.5 1,133,080
109 Cardinal Financial Corp. McLean, Va. 57.43 74.44 14,086 13,706 2.8 2,072,667
110 First Citizens Bancshares Inc. Dyersburg, Tenn. 57.44 63.14 6,966 7,454 -6.5 962,551
111 Parkway Bancorp Inc. Harwood Heights, Ill. 57.51 41.86 9,628 9,415 2.3 2,524,197
112 Heritage Oaks Bancorp Paso Robles, Calif. 57.59 67.69 8,828 8,012 10.2 1,010,523
Hometown Community Bancorp Inc. Morton, Ill. 57.59 34.24 10,410 9,617 8.2 2,532,786
114 Cambridge Bancorp Mass. 57.63 72.37 10,164 9,971 1.9 1,059,241
RCB Holding Co. Inc. Claremore, Okla. 57.63 63.53 10,036 9,701 3.5 1,405,815
116 Boiling Springs MHC Rutherford, N.J. 57.73 80.49 7,395 7,909 -6.5 1,369,460
117 Arrow Financial Corp. Glens Falls, N.Y. 57.79 59.11 12,002 12,119 -1.0 1,846,119
118 Huntington Bancshares Inc. Columbus, Ohio 57.87 49.47 405,448 320,308 26.6 51,771,443
119 Central Banco. Inc. Jefferson City, Mo. 57.97 61.82 70,824 77,999 -9.2 9,136,914
120 Bank of America Corp. Charlotte, N.C. 58.07 59.32 17,138,819 17,242,728 -0.6 2,366,086,945
121 ACNB Corp. Gettysburg, Pa. 58.09 71.44 7,490 8,210 -8.8 978,286
122 S.Y. Bancorp Inc. Louisville 58.17 63.34 14,487 15,088 -4.0 1,860,238
123 East West Bancorp Inc. Pasadena, Calif. 58.41 53.46 164,791 49,982 229.7 19,967,321
124 Commerce Bancshares Inc. Kansas City, Mo. 58.54 62.09 162,207 164,439 -1.4 18,393,325
CVB Financial Corp. Ontario, Calif. 58.54 52.42 45,431 35,683 27.3 6,861,238
126 Banterra Corp Eldorado, Ill. 58.56 65.52 7,902 8,683 -9.0 1,063,483
127 Wintrust Financial Corp. Lake Forest, Ill. 58.76 70.83 91,792 81,794 12.2 13,708,560
128 Bridgeview Bancorp Inc. Ill. 58.96 69.25 7,754 7,684 0.9 1,519,685
129 Cullen/Frost Bankers Inc. San Antonio 59.01 63.38 133,218 136,230 -2.2 17,127,434
130 Tri City Bankshares Corp. Oak Creek, Wis. 59.04 62.79 11,249 7,905 42.3 1,076,809
131 Broadway Bancshares Inc. San Antonio 59.26 60.82 18,409 18,103 1.7 2,263,481
132 JPMorgan Chase & Co. New York 59.31 53.29 14,556,000 13,857,000 5.0 2,014,019,000
133 Financial Institutions Inc. Warsaw, N.Y. 59.35 69.65 14,852 16,418 -9.5 2,142,931
134 American National Corp. Omaha 59.37 47.02 14,602 12,010 21.6 1,674,610
135 Stearns Financial Services Inc. St. Cloud, Minn. 59.42 41.51 12,503 7,662 63.2 1,346,944
136 Trustmark Corp. Jackson, Miss. 59.57 60.72 76,616 77,121 -0.7 9,244,545
137 Machias Bancorp MHC Maine 59.67 54.01 7,176 7,102 1.0 957,645
138 First Bancorp Troy, N.C. 59.72 23.18 21,939 19,191 14.3 3,319,462
Horizon Bancorp Michigan City, Ind. 59.72 59.99 10,184 9,928 2.6 1,464,415
140 BBVA USA Bancshares Inc. Houston 59.79 58.50 511,354 419,537 21.9 65,109,021
141 Austin Bancorp Inc. Jacksonville, Texas 59.88 61.69 10,488 10,408 0.8 1,064,515
142 Middlesex Bancorp MHC Natick, Mass. 59.93 NA 20,547 NA NA 4,110,263
143 Community Trust Bancorp Inc. Pikeville, Ky. 60.01 63.81 23,655 23,577 0.3 3,209,292
144 PrivateBancorp Inc. Chicago 60.03 71.56 73,700 65,576 12.4 12,611,040
145 NBT Bancorp Inc. Norwich, N.Y. 60.09 59.21 44,333 41,968 5.6 5,415,161
146 F.N.B. Corp. Hermitage, Pa. 60.12 67.26 63,084 66,265 -4.8 8,833,060
147 Rockville Financial MHC Inc. Vernon Rockville, Conn. 60.19 74.48 9,342 9,584 -2.5 1,611,824
WesBanco Inc. Wheeling, W.Va. 60.19 69.77 35,228 39,410 -10.6 5,358,394
149 BBVA PR Holding Corp. San Juan, Puerto Rico 60.22 61.12 28,879 31,610 -8.6 5,050,643
First Bank Corp Fort Smith, Ark. 60.22 59.35 11,533 11,657 -1.1 1,534,301
151 TCF Financial Corp. Wayzata, Minn. 60.25 68.50 187,847 195,521 -3.9 18,056,323
152 City National Corp. Los Angeles 60.29 64.02 187,390 143,012 31.0 21,239,625
153 Enterprise Financial Services Corp Clayton, Mo. 60.31 68.74 14,385 15,542 -7.4 2,272,741
154 Canandaigua National Corp. N.Y. 60.40 67.88 14,081 14,221 -1.0 1,623,958
Sandy Spring Bancorp Inc. Olney, Md. 60.40 70.32 25,754 26,532 -2.9 3,701,150
156 TriCo Bancshares Chico, Calif. 60.42 61.63 18,408 19,344 -4.8 2,224,645
157 First Busey Corp. Champaign, Ill. 60.44 62.68 27,528 30,128 -8.6 3,699,216
158 Univest Corp. of Pennsylvania Souderton 60.58 62.67 16,909 16,790 0.7 2,088,572
159 Tompkins Financial Corp. Ithaca, N.Y. 60.66 63.04 24,517 24,673 -0.6 3,161,648
160 German American Bancorp Inc. Jasper, Ind. 60.69 66.00 9,902 10,233 -3.2 1,341,791
161 BancWest Corp. San Francisco 60.76 62.95 416,396 436,238 -4.5 75,333,902
First Community Bancshares Inc. Bluefield, Va. 60.76 81.43 16,831 20,498 -17.9 2,246,845
163 FirstMerit Corp. Akron, Ohio 60.86 65.59 106,047 90,570 17.1 14,527,104
164 Republic Bancorp Inc. Louisville 60.93 60.64 24,645 26,617 -7.4 3,140,452
165 Farmers National Banc Corp. Canfield, Ohio 60.96 70.62 7,633 7,802 -2.2 1,014,647
166 Dacotah Banks Inc. Aberdeen, S.D. 60.98 69.86 11,920 12,288 -3.0 1,693,791
167 Ameris Bancorp Moultrie, Ga. 60.99 75.83 20,465 17,883 14.4 2,426,765
First State Bancshares Inc. Farmington, Mo. 60.99 68.48 8,079 7,709 4.8 1,098,800
169 BOK Financial Corp. Tulsa, Okla. 61.11 58.40 183,816 178,748 2.8 23,740,965
170 Crews Banking Corp. Wauchula, Fla. 61.14 60.07 8,127 8,726 -6.9 1,143,230
171 Community Bank System Inc. De Witt, N.Y. 61.21 72.91 43,967 47,037 -6.5 5,447,802
172 MainSource Financial Group Inc. Greensburg, Ind. 61.24 62.64 22,577 67,862 -66.7 2,851,700
173 Intrust Financial Corp. Wichita, Kan. 61.33 64.23 28,234 29,996 -5.9 3,623,398
174 Discount Bancorp Inc. New York 61.55 57.28 39,605 39,761 -0.4 9,104,548
175 First American Bank Corp. Elk Grove Village, Ill. 61.76 66.86 20,191 21,018 -3.9 2,852,292
176 Fifth Third Bancorp Cincinnati 61.78 29.87 934,780 1,021,895 -8.5 112,025,234
177 Peoples Bancorp of North Carolina Inc. Newton 61.81 71.04 7,058 7,957 -11.3 1,087,793
178 Coppermark Bancshares Inc. Oklahoma City 61.93 66.00 8,895 8,777 1.3 1,196,166
179 First Commonwealth Financial Corp. Indiana, Pa. 62.03 68.97 43,592 45,250 -3.7 6,059,558
180 Associated Banc-Corp Green Bay, Wis. 62.05 57.09 153,342 161,000 -4.8 22,760,901
181 Brand Group Holdings Inc. Lawrenceville, Ga. 62.10 66.53 10,309 9,304 10.8 1,256,421
182 River Valley Bancorp. Inc. Wausau, Wis. 62.28 63.36 8,446 8,749 -3.5 985,166
183 Sierra Bancorp Porterville, Calif. 62.32 60.76 11,533 11,923 -3.3 1,328,306
184 Shore Bancshares Inc. Easton, Md. 62.38 68.20 9,688 10,693 -9.4 1,129,196
185 Simmons First National Corp. Pine Bluff, Ark. 62.46 70.69 27,843 27,663 0.7 3,025,125
186 BancIndependent Inc. Sheffield, Ala. 62.61 70.40 10,373 8,237 25.9 959,783
187 Franklin Financial Services Corp. Chambersburg, Pa. 62.63 67.77 6,637 7,103 -6.6 988,201
188 Columbia Banking System Inc. Tacoma, Wash. 62.68 67.93 37,715 25,430 48.3 4,289,187
189 First Interstate BancSystem Inc. Billings, Mont. 62.70 62.79 51,464 57,065 -9.8 7,222,669
190 1867 Western Financial Corp. Stockton, Calif. 62.72 69.59 15,201 15,916 -4.5 1,894,186
191 Union First Market Bankshares Corp. Richmond, Va. 62.84 75.63 34,156 22,358 52.8 3,875,178
192 Chemical Financial Corp. Midland, Mich. 62.97 61.11 35,442 29,687 19.4 5,120,516
193 Valley View Bancshares Inc. Overland Park, Kan. 62.98 58.34 18,486 18,191 1.6 3,267,472
194 BB&T Corp. Winston-Salem, N.C. 63.02 53.79 1,303,496 1,157,459 12.6 155,083,058
195 First Midwest Bancorp Inc. Itasca, Ill. 63.07 63.42 58,495 56,441 3.6 7,805,547
196 MidWestOne Financial Group Inc. Iowa City 63.25 69.48 10,659 11,326 -5.9 1,563,548
197 Northern Trust Corp. Chicago 63.29 47.38 619,697 507,413 22.1 80,048,900
198 Southeastern Bank Financial Corp. Augusta, Ga. 63.30 67.63 10,239 10,543 -2.9 1,581,204
199 First Financial Bancorp. Cincinnati 63.34 77.59 59,356 32,796 81.0 6,607,165
200 CNB Corp. Conway, S.C. 63.37 64.14 5,909 6,333 -6.7 934,679

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

Source:

SNL Financial
, Charlottesville, Va.
© 2010 American Banker

Banks, thrifts and holding companies