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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

February 04, 2011, 2:29 p.m. EST 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesOn Sept. 30, 2010. Dollars in thousands.
Published February 4, 2011
Rank   Efficiency Ratio* Noninterest Expenses 3Q 2010
Assets
2010 2009 2010 2009 Change
1 Community and Southern Holdings Inc. Carrollton, Ga. 14.98 NA $13,684 NA NA $2,564,980
2 Lauritzen Corp. Omaha, Neb. 21.74 127.31 16,434 $18,463 -11.0% 1,515,840
3 East West Bancorp Inc. Pasadena, Calif. 24.90 43.49 41,989 47,338 -11.3 20,417,394
4 Popular Inc. Hato Rey, Puerto Rico 32.11 46.98 372,000 220,000 69.1 40,821,000
5 NRBC Holding Corp. Chicago 32.15 25.53 3,726 3,122 19.3 1,292,416
6 Washington Banking Co. Oak Harbor 33.38 59.20 12,851 7,376 74.2 1,830,924
7 Discover Financial Services Riverwoods, Ill. 35.15 30.65 594,141 546,681 8.7 61,620,705
8 New York Community Bancorp Inc. Westbury 36.30 35.30 150,806 95,336 58.2 41,719,227
9 Wilshire Bancorp Inc. Los Angeles 38.20 40.25 14,496 15,054 -3.7 3,232,680
10 Bank of the Ozarks Inc. Little Rock, Ark. 39.17 41.30 23,565 15,499 52.0 3,176,152
11 Cathay General Bancorp El Monte, Calif. 39.40 43.52 31,084 35,353 -12.1 11,253,181
12 United National Corp. Sioux Falls, S.D. 40.63 44.56 74,717 92,818 -19.5 1,811,247
13 Investors Bancorp MHC Short Hills, N.J. 40.65 66.03 31,608 26,545 19.1 8,936,021
14 Westamerica Bancorp. San Rafael, Calif. 42.25 43.53 32,267 35,649 -9.5 4,973,973
15 Prosperity Bancshares Inc. Houston 42.47 41.66 42,392 40,943 3.5 9,242,992
16 RCB Holding Co. Inc. Claremore, Okla. 42.51 61.14 12,994 9,557 36.0 1,886,816
17 ServisFirst Bancshares Inc. Birmingham, Ala. 42.52 55.58 7,467 6,971 7.1 1,776,524
18 National Bankshares Inc. Blacksburg, Va. 42.59 46.36 5,681 5,860 -3.1 982,447
19 Heartland Bancorp Inc. Bloomington, Ill. 43.10 54.32 10,987 10,725 2.4 1,673,078
20 Lakeside Bancorp Inc. Chicago 43.28 49.96 4,704 4,948 -4.9 1,056,564
21 Virginia Commerce Bancorp Inc. Arlington 43.87 79.52 14,598 12,921 13.0 2,846,003
22 Nara Bancorp Inc. Los Angeles 44.42 55.04 15,611 14,590 7.0 2,984,977
23 Ida Grove Bancshares Inc. Iowa 44.74 45.45 5,281 5,029 5.0 1,088,121
24 First Security Bancorp Searcy, Ark. 44.87 55.90 32,126 31,049 3.5 3,481,614
25 Stearns Financial Services Inc. St. Cloud, Minn. 44.99 17.23 10,254 13,503 -24.1 1,249,294
26 Lakeland Financial Corp. Warsaw, Ind. 45.55 48.14 13,625 13,092 4.1 2,712,753
27 Industry Bancshares Inc. Texas 46.18 48.24 7,002 5,986 17.0 1,309,716
28 West Bancorp. Inc. West Des Moines, Iowa 46.30 31.18 6,772 -6,433 -205.3 1,349,151
29 Villages Bancorp. Inc. The Villages, Fla. 46.36 50.06 5,245 5,536 -5.3 1,182,075
30 Renasant Corp. Tupelo, Miss. 46.51 63.52 39,570 26,118 51.5 4,256,253
31 First Bancorp Inc. Lebanon, Va. 46.94 49.10 6,920 6,349 9.0 1,144,603
32 First Bancorp Inc. Damariscotta, Maine 47.54 41.22 6,178 5,933 4.1 1,374,624
33 NEB Corp. Fond Du Lac, Wis. 47.97 49.88 8,596 8,262 4.0 1,473,519
34 Capital One Financial Corp. McLean, Va. 48.19 49.63 1,965,966 1,755,298 12.0 196,932,749
35 BCB Bancorp Inc. Bayonne, N.J. 48.43 54.82 8,669 2,895 199.4 1,125,503
36 Northwest Financial Corp. Arnolds Park, Iowa 48.53 70.94 10,319 10,119 2.0 1,230,105
37 Hills Bancorp. Iowa 48.57 54.62 11,118 10,886 2.1 1,874,678
38 CIT Group Inc. New York 48.59 241.78 416,827 622,436 -33.0 52,983,038
S&T Bancorp Inc. Indiana, Pa. 48.59 49.99 24,990 24,663 1.3 4,098,108
40 Independent Bank Group Inc. McKinney, Texas 48.67 66.26 8,262 6,981 18.3 1,071,973
41 Inwood Bancshares Inc. Dallas 48.77 51.32 6,676 7,050 -5.3 1,325,155
42 Farmers and Merchants Bancorp Lodi, Calif. 49.17 47.71 11,436 11,151 2.6 1,776,762
43 Traditional Bancorp. Inc. Mount Sterling, Ky. 49.33 51.47 4,959 4,729 4.9 1,033,989
44 U.S. Bancorp Minneapolis 49.35 45.27 2,332,000 2,052,000 13.6 290,654,000
45 First Community Financial Partners Inc. Joliet, Ill. 49.42 72.86 4,230 4,111 2.9 950,671
46 FirstBank Holding Co. Lakewood, Colo. 49.55 46.90 68,650 63,478 8.1 10,458,868
47 First Financial Bankshares Inc. Abilene, Texas 49.56 48.39 24,707 23,021 7.3 3,447,483
48 American State Financial Corp. Lubbock, Texas 50.34 50.76 18,239 16,650 9.5 2,505,897
49 Camden National Corp. Maine 50.53 50.47 13,387 12,150 10.2 2,308,002
50 Enterprise Financial Services Corp. Clayton, Mo. 50.68 50.02 15,689 14,210 10.4 2,504,295
51 Liberty Bancshares Inc. Springfield, Mo. 50.79 55.69 6,616 5,818 13.7 964,139
52 Park National Corp. Newark, Ohio 51.27 51.79 45,696 46,052 -0.8 7,090,456
53 First Citizens Financial Corp. Mason City, Iowa 51.38 54.33 5,538 5,431 2.0 1,094,155
54 United Community Bancorp Inc. Chatham, Ill. 51.42 50.61 6,982 4,222 65.4 1,156,918
55 Olney Bancshares of Texas Inc. 51.43 52.50 10,755 10,580 1.7 1,635,105
56 Southwest Bancorp Inc. Stillwater, Okla. 51.70 53.22 16,060 15,794 1.7 2,905,275
57 Fulton Financial Corp. Lancaster, Pa. 51.72 55.34 101,808 99,810 2.0 16,330,773
58 First of Long Island Corp. Glen Head, N.Y. 52.15 57.27 8,945 8,528 4.9 1,685,421
59 M&T Bank Corp. Buffalo, N.Y. 52.20 53.94 458,062 480,314 -4.6 68,246,837
60 Citizens and Northern Corp. Wellsboro, Pa. 52.63 55.31 8,003 8,302 -3.6 1,308,108
61 Hometown Community Bancorp Inc. Morton, Ill. 52.68 54.61 11,607 11,401 1.8 2,742,453
62 WNB Bancshares Inc. Odessa, Texas 52.77 51.62 5,385 6,361 -15.3 1,037,191
63 Cashmere Valley Financial Corp. Cashmere, Wash. 53.12 48.54 5,873 5,776 1.7 1,099,600
64 Bank of Kentucky Financial Corp. Crestview Hills 53.20 57.27 10,725 8,998 19.2 1,510,066
Republic Bancorp Co. Oak Brook, Ill. 53.20 48.54 9,050 8,389 7.9 1,448,459
66 Crews Banking Corp. Wauchula, Fla. 53.28 63.36 8,264 9,002 -8.2 1,101,417
67 Amarillo National Bancorp Inc. Texas 53.38 48.84 19,825 17,036 16.4 2,702,725
68 Home BancShares Inc. Conway, Ark. 53.54 51.11 21,294 16,858 26.3 3,392,137
Independence Bancshares Inc. Owensboro, Ky. 53.54 55.10 6,377 5,784 10.3 984,849
70 City Holding Co. Charleston, W.Va. 53.58 48.26 19,563 18,577 5.3 2,629,840
71 Provident Financial Services Inc. Jersey City 53.63 62.65 34,012 35,909 -5.3 6,788,862
72 W.T.B. Financial Corp. Spokane, Wash. 53.84 68.33 25,025 26,800 -6.6 4,007,155
73 Independent Alliance Banks Inc. Fort Wayne, Ind. 54.05 54.61 5,609 5,164 8.6 929,029
74 First Financial Bancorp. Cincinnati 54.06 10.59 61,310 45,817 33.8 6,154,500
75 Liberty Bancshares Inc Jonesboro, Ark. 54.40 64.34 15,842 16,241 -2.5 2,524,814
76 First Bancshares Inc. Merrillville, Ind. 54.42 54.47 15,069 14,613 3.1 2,027,247
77 MB Financial Inc. Chicago 54.58 60.20 77,666 70,876 9.6 10,622,980
78 United Bankshares Inc. Charleston, W.Va. 54.60 52.22 42,203 42,557 -0.8 7,573,020
79 Bank of Marin Bancorp Novato, Calif. 54.88 52.30 8,504 7,776 9.4 1,219,214
80 Longview Financial Corp. Texas 54.89 59.75 8,661 8,578 1.0 1,319,960
81 Bar Harbor Bankshares Maine 55.01 46.91 5,517 4,967 11.1 1,103,329
82 Fremont Bancorp. Calif. 55.13 65.15 23,441 19,779 18.5 2,613,159
83 Wells Fargo & Co. San Francisco 55.14 48.93 12,185,000 11,689,000 4.2 1,220,784,000
84 S.Y. Bancorp Inc. Louisville, Ky. 55.20 60.35 14,526 14,141 2.7 1,881,396
85 PrivateBancorp Inc. Chicago 55.46 54.03 65,802 53,640 22.7 12,583,965
86 Orrstown Financial Services Inc. Shippensburg, Pa. 55.57 58.21 9,676 8,294 16.7 1,477,780
87 Fifth Third Bancorp Cincinnati 55.61 50.42 979,029 875,369 11.8 112,322,078
88 USAmeriBancorp Inc. Clearwater, Fla. 55.71 54.95 4,696 3,547 32.4 956,142
89 PacWest Bancorp Los Angeles 55.79 33.02 44,807 42,496 5.4 5,746,323
90 Stockman Financial Corp. Miles City, Mont. 55.90 51.71 11,145 9,796 13.8 1,943,042
91 Parkway Bancorp Inc. Harwood Heights, Ill. 56.03 NA 9,574 8,502 12.6 2,697,393
92 Pacific Continental Corp. Eugene, Ore. 56.08 47.29 7,352 7,010 4.9 1,191,705
93 Cardinal Financial Corp. McLean, Va. 56.09 68.52 15,369 12,978 18.4 2,127,311
94 Pinnacle Bancorp Inc. Central City, Neb. 56.13 56.63 38,758 38,222 1.4 5,783,973
95 Central Bancorp Inc. Garland, Texas 56.15 5.55 14,155 16,828 -15.9 2,520,069
96 Center Financial Corp. Los Angeles 56.19 62.61 12,410 11,325 9.6 2,265,815
97 Apple Financial Holdings Inc. New York 56.28 67.35 21,887 21,731 0.7 6,837,550
98 Wilson Bank Holding Co. Lebanon, Tenn. 56.33 59.39 9,398 9,547 -1.6 1,496,829
99 Security National Corp. Dakota Dunes, S.D. 56.39 54.66 7,112 6,917 2.8 1,040,755
100 Suffolk Bancorp Riverhead, N.Y. 56.43 54.23 13,014 12,034 8.1 1,689,925
101 American National Corp. Omaha, Neb. 56.45 48.70 13,927 11,054 26.0 1,750,714
102 Hudson Valley Holding Corp. Yonkers, N.Y. 56.57 57.70 17,899 17,899 0.0 2,830,059
103 CNB Financial Corp. Clearfield, Pa. 56.69 59.10 8,113 7,484 8.4 1,363,170
104 Center Bancorp Inc. Union, N.J. 57.14 61.82 5,441 5,186 4.9 1,221,278
First Guaranty Bancshares Inc. Hammond, La. 57.14 59.41 6,314 5,994 5.3 1,060,528
106 1867 Western Financial Corp. Stockton, Calif. 57.30 58.81 14,292 13,974 2.3 1,920,205
107 Taylor Capital Group Inc. Rosemont, Ill. 57.38 60.81 26,530 21,133 25.5 4,658,815
108 Dacotah Banks Inc. Aberdeen, S.D. 57.45 65.01 11,722 12,273 -4.5 1,765,221
109 Glacier Bancorp Inc. Kalispell, Mont. 57.48 48.64 43,923 39,941 10.0 6,272,659
110 Commonwealth Bankshares Inc. Norfolk, Va. 57.62 68.11 7,720 6,466 19.4 1,180,014
111 Cullen/Frost Bankers Inc. San Antonio 57.78 60.82 131,076 131,565 -0.4 17,826,217
112 Valley National Bancorp Wayne, N.J. 57.98 53.82 79,016 73,942 6.9 14,087,611
113 National Penn Bancshares Inc. Boyertown, Pa. 58.07 55.19 57,965 52,153 11.1 9,248,229
114 Citigroup Inc. New York 58.16 56.83 12,209,000 12,412,000 -1.6 1,983,280,000
115 Arrow Financial Corp. Glens Falls, N.Y. 58.20 56.71 12,106 11,401 6.2 1,960,294
116 HSBC North America Holdings Inc. New York 58.21 58.10 1,911,172 2,082,811 -8.2 350,102,255
First Busey Corp. Champaign, Ill. 58.21 62.69 27,042 237,758 -88.6 3,533,213
118 Bank of Hawaii Corp. Honolulu 58.27 53.81 89,997 95,230 -5.5 12,716,603
119 Great Southern Bancorp Inc. Springfield, Mo. 58.29 26.12 21,571 20,415 5.7 3,403,914
120 First Bancorp Troy, N.C. 58.30 46.34 20,998 20,930 0.3 3,361,299
121 Summit Bancorp Inc. Arkadelphia, Ark. 58.31 59.72 6,845 6,422 6.6 1,118,364
122 Eagle Bancorp Inc. Bethesda, Md. 58.40 61.79 12,916 10,489 23.1 2,006,722
123 PNC Financial Services Group Inc. Pittsburgh 58.42 57.59 2,127,275 2,371,877 -10.3 260,174,102
124 Coppermark Bancshares Inc. Oklahoma City 58.45 65.84 8,412 9,217 -8.7 1,225,440
125 Tri City Bankshares Corp. Oak Creek, Wis. 58.48 65.34 10,639 7,808 36.3 1,080,488
126 BancWest Corp. San Francisco 58.49 54.86 412,867 389,126 6.1 72,761,045
127 Southside Bancshares Inc. Tyler, Texas 58.53 54.89 17,669 17,238 2.5 3,017,527
128 Midland States Bancorp Inc. Effingham, Ill. 58.62 54.17 11,602 5,655 105.2 1,651,587
129 SNBNY Holdings Ltd. Gibraltar 58.63 68.42 16,972 17,337 -2.1 3,664,846
130 Discount Bancorp Inc. New York 58.73 61.01 41,028 44,413 -7.6 9,456,584
131 Sandy Spring Bancorp Inc. Olney, Md. 58.76 66.07 24,813 26,087 -4.9 3,606,617
132 Rockville Financial MHC Inc. South Windsor, Conn. 58.80 67.80 9,565 9,002 6.3 1,649,537
133 First Niagara Financial Group Inc. Buffalo, N.Y. 58.87 NA 132,048 NA NA 20,902,440
134 Santander BanCorp Guaynabo, Puerto Rico 58.88 58.93 69,350 67,620 2.6 6,601,423
135 Machias Bancorp MHC Maine 58.90 52.59 8,328 6,943 19.9 968,679
136 Univest Corp. of Pennsylvania Souderton 58.93 60.00 17,171 15,563 10.3 2,114,204
137 Hyde Park Bancorp MHC Hyde Park, Mass. 59.08 57.59 3,738 3,603 3.7 929,294
138 Financial Institutions Inc. Warsaw, N.Y. 59.13 63.63 14,919 15,120 -1.3 2,249,531
139 International Bancshares Corp. Laredo, Texas 59.16 54.55 79,074 78,822 0.3 12,114,398
140 BBVA USA Bancshares Inc. Houston 59.17 62.08 514,403 448,911 14.6 64,318,215
141 First Financial Corp. Terre Haute, Ind. 59.23 47.97 20,506 18,517 10.7 2,554,290
142 Commerce Bancshares Inc. Kansas City, Mo. 59.31 57.42 162,359 159,329 1.9 18,763,245
143 Community Trust Bancorp Inc. Pikeville, Ky. 59.34 61.24 23,998 22,579 6.3 3,231,740
144 Central Bancompany Inc. Jefferson City, Mo. 59.50 58.66 73,064 74,399 -1.8 9,394,706
German American Bancorp Inc. Jasper, Ind. 59.50 61.50 10,441 9,919 5.3 1,356,936
146 Shore Bancshares Inc. Easton, Md. 59.65 66.81 11,972 10,297 16.3 1,134,503
147 JPMorgan Chase & Co. New York 59.73 50.34 14,552,000 13,729,000 6.0 2,141,595,000
Plains Bancorp Inc. Dimmitt, Texas 59.73 53.81 5,963 5,364 11.2 932,167
149 Trustmark Corp. Jackson, Miss. 59.82 56.67 77,266 74,469 3.8 9,416,905
150 Horizon Bancorp Michigan City, Ind. 59.88 57.01 11,257 8,929 26.1 1,485,058
151 First American Bank Corp. Elk Grove Village, Ill. 59.94 61.21 19,511 20,058 -2.7 2,830,891
152 First National Security Co. Hot Springs, Ark. 60.06 56.95 6,109 4,448 37.3 994,789
153 LNB Bancorp Inc. Lorain, Ohio 60.08 67.87 8,770 8,641 1.5 1,156,602
154 Watford City Bancshares Inc. N.D. 60.14 65.19 7,853 7,954 -1.3 962,876
155 First State Bancshares Inc. Farmington, Mo. 60.15 56.13 8,777 7,720 13.7 1,201,940
156 Huntington Bancshares Inc. Columbus, Ohio 60.19 59.22 421,064 367,397 14.6 53,247,308
157 Austin Bancorp Inc. Jacksonville, Texas 60.22 57.03 10,910 10,157 7.4 1,100,326
158 BB&T Corp. Winston-Salem, N.C. 60.28 57.16 1,289,598 1,220,554 5.7 157,230,367
159 ACNB Corp. Gettysburg, Pa. 60.37 62.28 7,298 7,380 -1.1 993,196
160 Canandaigua National Corp. N.Y. 60.49 60.14 14,396 11,917 20.8 1,664,559
161 First Commonwealth Financial Corp. Indiana, Pa. 60.61 62.17 40,840 41,894 -2.5 5,912,350
162 BOK Financial Corp. Tulsa 60.63 59.13 184,649 175,223 5.4 24,309,065
163 Texas Capital Bancshares Inc. Dallas 60.66 62.66 43,099 36,970 16.6 6,345,497
164 Community Bank System Inc. DeWitt, N.Y. 60.84 65.81 43,728 43,531 0.5 5,496,217
165 State Bancorp Inc. Jericho, N.Y. 60.87 66.95 10,549 11,330 -6.9 1,645,277
166 Guaranty Bancshares Inc. Mount Pleasant, Texas 60.88 63.94 6,067 5,657 7.2 945,159
167 Southeastern Bank Financial Corp. Augusta, Ga. 60.98 65.21 10,375 10,114 2.6 1,646,726
168 National Americas Holdings LLC New York 61.04 62.12 60,119 35,181 70.9 8,295,227
169 Broadway Bancshares Inc. San Antonio 61.20 58.73 18,534 17,609 5.3 2,351,530
170 Tennessee Commerce Bancorp Inc. Franklin 61.21 44.64 8,319 5,020 65.7 1,420,070
171 NBT Bancorp Inc. Norwich, N.Y. 61.27 56.71 44,876 41,124 9.1 5,481,992
172 BancFirst Corp. Oklahoma City 61.29 69.14 35,456 35,650 -0.5 4,599,182
173 Bridge Bancorp Inc. Bridgehampton, N.Y. 61.40 56.89 7,057 6,064 16.4 1,034,261
174 Union First Market Bankshares Corp. Richmond, Va. 61.42 69.59 32,927 21,115 55.9 3,862,709
175 Commerce Bancshares Corp. Worcester, Mass. 61.45 61.95 8,620 7,602 13.4 1,295,070
176 WesBanco Inc. Wheeling, W.Va. 61.51 61.65 36,664 37,705 -2.8 5,361,411
177 Centra Financial Holdings Inc. Morgantown, W.Va. 61.52 63.50 8,786 8,578 2.4 1,411,401
178 Central Community Corp. Temple, Texas 61.54 60.71 7,833 7,399 5.9 1,073,002
179 F.N.B. Corp. Hermitage, Pa. 61.59 63.07 64,247 62,321 3.1 8,993,043
180 SVB Financial Group Santa Clara, Calif. 61.60 60.76 104,170 79,808 30.5 15,667,511
181 FSB Mutual Holdings Inc. Perkasie, Pa. 61.61 54.74 5,831 4,625 26.1 1,047,300
182 MainSource Financial Group Inc. Greensburg, Ind. 61.66 59.21 23,006 21,671 6.2 2,853,541
183 First Citizens Bancorp. Inc. Columbia, S.C. 61.75 27.55 61,568 53,698 14.7 8,563,616
184 Chemical Financial Corp. Midland, Mich. 61.78 62.33 37,082 30,050 23.4 5,400,308
185 Banterra Corp Eldorado, Ill. 61.81 61.32 8,301 7,765 6.9 1,087,938
186 First Interstate BancSystem Inc. Billings, Mont. 61.87 62.22 52,453 50,898 3.1 7,325,990
187 Bank Iowa Corp. West Des Moines, Iowa 61.90 68.04 6,516 6,541 -0.4 1,039,347
188 Tompkins Financial Corp. Ithaca, N.Y. 61.95 60.06 24,852 23,724 4.8 3,247,111
189 1st Source Corp. South Bend, Ind. 61.98 68.48 38,342 36,616 4.7 4,533,494
190 First Community Bancshares Inc. Bluefield, Va. 62.00 156.21 17,572 48,616 -63.9 2,297,423
191 First Citizens BancShares Inc. Raleigh, N.C. 62.02 51.35 178,122 162,408 9.7 21,049,291
192 FVNB Corp. Victoria, Texas 62.05 62.87 14,041 13,335 5.3 1,700,200
193 New York Private Bank and Trust Corp. 62.11 72.43 56,407 60,975 -7.5 12,350,551
Porter Bancorp Inc. Louisville, Ky. 62.11 46.02 10,202 7,571 34.8 1,780,179
195 Columbia Banking System Inc. Tacoma, Wash. 62.31 60.85 36,094 23,417 54.1 4,245,315
196 First Co Bancorp Inc. Collinsville, Ill. 62.40 61.19 7,149 6,252 14.3 1,014,187
197 Firstbank Corp. Alma, Mich. 62.52 67.73 10,480 11,090 -5.5 1,479,730
198 Lone Star National Bancshares-Texas Inc. McAllen 62.66 63.18 13,387 11,304 18.4 2,072,512
199 Farmers National Banc Corp. Canfield, Ohio 62.68 65.19 8,131 7,710 5.5 1,064,099
200 MidWestOne Financial Group Inc. Iowa City 62.71 65.67 10,830 11,084 -2.3 1,553,392

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 Jan. 27, 2011.

Source:

SNL Financial
, Charlottesville, Va.
© 2011 American Banker

Banks, thrifts and holding companies