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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

May 19, 2011, 5:43 p.m. EDT 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesOn Dec. 31, 2010. Dollars in thousands.
Published May 19, 2011
Rank   Efficiency Ratio* Noninterest Expenses 4Q 2010
Assets
2010 2009 2010 2009 Change
1 NRBC Holding Corp. Chicago 26.11 24.07 $13,663 $11,899 14.8% $1,279,030
2 First Michigan Bancorp Inc. Troy 32.57 NA 43,756 NA NA 1,689,574
3 Discover Financial Services Riverwoods, Ill. 33.71 35.27 2,271,513 2,292,552 -0.9 63,894,877
4 Community and Southern Holdings Inc. Carrollton, Ga. 34.95 NA 54,578 NA NA 2,391,253
5 New York Community Bancorp Inc. Westbury 36.38 33.07 575,451 406,040 41.7 41,160,281
6 United National Corp. Sioux Falls, S.D. 39.33 45.54 306,968 382,166 -19.7 1,682,620
7 Barclays Delaware Holdings LLC Wilmington 39.61 NA 157,233 NA NA 14,345,503
8 NEB Corp. Fond Du Lac, Wis. 40.75 49.52 33,458 33,890 -1.3 1,577,422
9 Clayton Bancorp Inc. Knoxville, Tenn. 41.00 49.78 17,464 16,612 5.1 945,337
10 Prosperity Bancshares Inc. Houston 41.90 43.22 165,718 168,619 -1.7 9,482,566
11 Westamerica Bancorp. San Rafael, Calif. 42.84 38.26 130,994 142,777 -8.3 4,933,518
12 National Bankshares Inc. Blacksburg, Va. 43.22 46.86 22,947 23,451 -2.1 1,022,238
13 Home BancShares Inc. Conway, Ark. 43.24 55.70 83,939 72,082 16.4 3,762,646
14 Bank of the Ozarks Inc. Little Rock, Ark. 43.62 44.38 87,419 68,632 27.4 3,273,659
15 Investors Bancorp MHC Short Hills, N.J. 43.84 52.07 130,591 108,899 19.9 9,581,998
16 Lauritzen Corp. Omaha, Neb. 43.87 70.30 67,032 67,938 -1.3 1,526,165
17 Industry Bancshares Inc. Texas 44.25 48.77 27,157 23,529 15.4 1,494,848
18 USAmeriBancorp Inc. Clearwater, Fla. 44.78 58.38 18,080 14,461 25.0 1,869,422
19 Lakeside Bancorp Inc. Chicago 44.79 46.48 19,059 18,116 5.2 1,052,315
20 ServisFirst Bancshares Inc. Birmingham, Ala. 44.92 59.01 30,969 28,755 7.7 1,935,166
21 Lakeland Financial Corp. Warsaw, Ind. 45.52 51.15 53,416 53,458 -0.1 2,682,972
22 Ida Grove Bancshares Inc. Iowa 45.79 45.54 21,151 20,431 3.5 1,113,274
23 SCBT Financial Corp. Columbia, S.C. 45.83 59.61 123,438 79,401 55.5 3,595,000
24 Wilshire Bancorp Inc. Los Angeles 46.57 39.87 64,501 58,642 10.0 2,970,520
25 Ames National Corp. Iowa 47.43 56.55 18,276 18,845 -3.0 962,975
26 Farmers and Merchants Bancorp Lodi, Calif. 47.51 49.83 42,951 45,386 -5.4 1,842,028
27 First Bancorp Inc. Damariscotta, Maine 47.66 43.02 25,008 25,589 -2.3 1,393,802
28 Capital One Financial Corp. McLean, Va. 47.73 55.99 7,868,499 7,343,076 7.2 197,503,411
29 First Security Bancorp Searcy, Ark. 47.95 55.19 126,890 124,778 1.7 3,621,387
30 East West Bancorp Inc. Pasadena, Calif. 48.00 23.85 432,513 235,657 83.5 20,700,642
Washington Banking Co. Oak Harbor 48.00 58.99 47,978 28,670 67.3 1,705,615
32 First Bancorp Inc. Lebanon, Va. 48.03 50.64 27,694 26,170 5.8 1,171,491
33 Heartland Bancorp Inc. Bloomington, Ill. 48.24 55.50 44,776 43,089 3.9 1,642,132
34 Villages Bancorp. Inc. The Villages, Fla. 48.68 52.18 20,719 20,926 -1.0 1,225,465
35 FirstBank Holding Co. Lakewood, Colo. 48.95 48.97 269,104 261,123 3.1 10,562,472
36 American State Financial Corp. Lubbock, Texas 49.02 49.24 69,563 64,969 7.1 2,690,808
37 U.S. Bancorp Minneapolis 49.19 46.04 9,282,000 8,258,000 12.4 307,786,000
38 Amarillo National Bancorp Inc. Texas 49.22 47.41 72,242 66,774 8.2 2,790,651
39 West Bancorp. Inc. West Des Moines, Iowa 49.24 45.69 26,771 37,984 -29.5 1,305,463
40 State Bank Financial Corp. Atlanta 49.54 NA 77,562 NA NA 2,816,270
41 Nara Bancorp Inc. Los Angeles 49.58 56.26 63,045 61,406 2.7 2,963,297
42 First Financial Bankshares Inc. Abilene, Texas 49.77 50.15 98,255 94,001 4.5 3,776,367
43 International Bancshares Corp. Laredo, Texas 50.05 51.45 331,564 309,175 7.2 11,943,469
44 Liberty Bancshares Inc. Springfield, Mo. 50.64 58.52 26,017 23,578 10.3 974,049
45 Traditional Bancorp. Inc. Mount Sterling, Ky. 50.67 52.69 19,750 18,782 5.2 1,064,764
46 Popular Inc. Hato Rey, Puerto Rico 50.89 61.63 1,326,000 1,154,000 14.9 38,723,000
47 Center Financial Corp. Los Angeles 51.27 59.31 47,888 44,740 7.0 2,270,482
Hills Bancorp. Iowa 51.27 55.44 45,729 43,746 4.5 1,931,283
Olney Bancshares of Texas Inc. 51.27 54.86 42,531 43,182 -1.5 1,670,529
50 Cathay General Bancorp El Monte, Calif. 51.58 52.50 160,418 152,270 5.4 10,801,986
51 Republic Bancorp Inc. Louisville, Ky. 51.59 53.40 126,323 121,485 4.0 3,622,703
52 Southwest Bancorp Inc. Stillwater, Okla. 51.65 51.85 65,003 62,399 4.2 2,820,541
53 Virginia Commerce Bancorp Inc. Arlington 51.74 65.33 57,186 56,867 0.6 2,741,648
54 United Bank Corp. Zebulon, Ga. 51.87 54.55 32,166 30,294 6.2 1,051,193
55 Vision Bancshares Inc. Laredo, Texas 51.89 72.21 19,797 18,405 7.6 951,164
56 HSBC North America Holdings Inc. New York 51.90 54.93 7,652,219 11,433,049 -33.1 343,699,907
57 United Community Bancorp Inc. Chatham, Ill. 52.16 47.96 26,321 17,726 48.5 1,144,800
58 City Holding Co. Charleston, W.Va. 52.17 49.49 77,180 76,357 1.1 2,638,971
59 M&T Bank Corp. Buffalo, N.Y. 52.37 57.80 1,846,480 1,908,403 -3.2 68,021,263
60 Citizens and Northern Corp. Wellsboro, Pa. 52.41 56.45 31,569 33,702 -6.3 1,316,588
61 S&T Bancorp Inc. Indiana, Pa. 52.45 54.29 105,310 108,042 -2.5 4,114,339
62 MB Financial Inc. Chicago 52.80 61.68 302,707 271,387 11.5 10,320,364
63 FSB Mutual Holdings Inc. Perkasie, Pa. 52.83 58.66 23,951 18,593 28.8 1,033,753
64 National Americas Holdings LLC New York 53.01 59.58 180,521 127,394 41.7 8,254,533
65 Oriental Financial Group Inc. San Juan, Puerto Rico 53.30 37.37 110,034 99,580 10.5 7,312,777
66 Independence Bancshares Inc. Owensboro, Ky. 53.40 59.72 24,379 22,823 6.8 1,000,540
67 Midland States Bancorp Inc. Effingham, Ill. 53.46 30.29 46,153 23,203 98.9 1,655,155
68 Fulton Financial Corp. Lancaster, Pa. 53.49 57.62 410,907 413,102 -0.5 16,275,254
69 First of Long Island Corp. Glen Head, N.Y. 53.51 59.85 35,826 34,840 2.8 1,711,023
70 Park National Corp. Newark, Ohio 53.75 52.94 187,107 188,725 -0.9 7,298,377
71 Glacier Bancorp Inc. Kalispell, Mont. 53.83 48.35 169,996 162,190 4.8 6,759,287
72 Camden National Corp. Maine 53.98 53.71 52,949 51,081 3.7 2,306,007
73 Hometown Community Bancorp Inc. Morton, Ill. 54.14 49.65 45,320 42,696 6.1 2,679,871
74 Wilson Bank Holding Co. Lebanon, Tenn. 54.15 57.24 35,569 36,549 -2.7 1,484,116
75 Bank of Kentucky Financial Corp. Crestview Hills 54.22 57.67 42,423 36,677 15.7 1,664,884
76 Inwood Bancshares Inc. Dallas 54.28 54.33 27,821 29,885 -6.9 1,299,202
77 Bank of Marin Bancorp Novato, Calif. 54.39 54.11 33,354 31,696 5.2 1,208,150
78 Orrstown Financial Services Inc. Shippensburg, Pa. 54.46 58.73 36,732 31,700 15.9 1,511,722
79 First Bancorp Troy, N.C. 54.68 39.43 87,342 78,490 11.3 3,280,029
80 First Bancshares Inc. Merrillville, Ind. 54.73 58.93 59,345 61,005 -2.7 2,001,819
81 BCB Bancorp Inc. Bayonne, N.J. 54.77 60.58 22,140 12,396 78.6 1,106,888
82 PNC Financial Services Group Inc. Pittsburgh 54.87 54.95 8,522,384 9,619,066 -11.4 264,414,112
83 First Financial Bancorp. Cincinnati 54.92 29.43 233,680 170,638 36.9 6,250,225
84 Tennessee Commerce Bancorp Inc. Franklin 54.93 50.44 29,665 21,305 39.2 1,453,166
85 Stearns Financial Services Inc. St. Cloud, Minn. 55.01 29.96 44,958 40,903 9.9 1,405,248
86 Machias Bancorp MHC Maine 55.23 53.88 27,003 27,056 -0.2 980,784
Provident Financial Services Inc. Iselin, N.J. 55.23 64.22 138,469 296,793 -53.3 6,824,528
88 RCB Holding Co. Inc. Claremore, Okla. 55.30 61.24 47,363 38,277 23.7 1,909,321
89 Cashmere Valley Financial Corp. Cashmere, Wash. 55.32 50.40 23,225 23,049 0.8 1,095,058
90 Bar Harbor Bankshares Maine 55.51 53.20 22,046 21,725 1.5 1,117,933
91 Heritage Financial Corp. Olympia, Wash. 55.73 60.42 41,336 30,952 33.5 1,367,684
92 CIT Group Inc. New York 55.79 145.32 2,003,969 3,061,714 -34.5 50,958,218
93 Santander BanCorp Guaynabo, Puerto Rico 55.82 58.79 266,789 287,163 -7.1 6,868,112
94 American National Corp. Omaha, Neb. 55.84 48.79 52,333 45,914 14.0 1,690,209
95 First Financial Corp. Terre Haute, Ind. 55.89 54.48 76,747 73,133 4.9 2,448,017
96 First Busey Corp. Champaign, Ill. 55.91 63.12 105,210 327,695 -67.9 3,605,003
97 Pinnacle Bancorp Inc. Central City, Neb. 55.93 58.45 154,399 152,611 1.2 6,040,393
98 Suffolk Bancorp Riverhead, N.Y. 55.95 54.72 51,051 48,801 4.6 1,618,194
99 Educational Services of America Inc. Knoxville, Tenn. 55.96 33.00 23,868 8,640 176.3 1,375,992
100 Bank of Hawaii Corp. Honolulu 56.01 56.32 348,628 393,172 -11.3 13,161,967
101 United Bankshares Inc. Charleston, W.Va. 56.04 52.45 172,640 171,101 0.9 7,155,656
102 Valley National Bancorp Wayne, N.J. 56.10 57.04 317,817 306,199 3.8 14,143,826
103 Citigroup Inc. New York 56.17 59.33 49,062,000 50,620,000 -3.1 1,913,902,000
104 Hudson Valley Holding Corp. Yonkers, N.Y. 56.21 54.29 73,462 72,890 0.8 2,669,033
105 Wells Fargo & Co. San Francisco 56.39 51.87 50,382,000 48,837,000 3.2 1,258,128,000
106 S.Y. Bancorp Inc. Louisville, Ky. 56.71 60.66 58,570 57,530 1.8 1,904,382
107 Stockman Financial Corp. Miles City, Mont. 56.75 54.42 44,145 40,583 8.8 2,015,867
108 Longview Financial Corp. Texas 56.76 63.37 35,037 33,879 3.4 1,333,544
109 Liberty Bancshares Inc. Jonesboro, Ark. 56.82 61.84 63,763 65,264 -2.3 2,543,397
110 Crews Banking Corp. Wauchula, Fla. 56.84 59.78 32,482 33,870 -4.1 1,112,684
111 WNB Bancshares Inc. Odessa, Texas 56.86 75.56 23,194 35,325 -34.3 1,090,712
112 Arrow Financial Corp. Glens Falls, N.Y. 57.28 55.64 47,418 46,592 1.8 1,908,336
113 Texas Capital Bancshares Inc. Dallas 57.56 63.97 153,595 145,307 5.7 6,446,179
114 Central Banco. Inc. Jefferson City, Mo. 57.75 59.40 289,499 292,879 -1.2 9,584,080
115 National Penn Bancshares Inc. Boyertown, Pa. 57.79 60.44 241,676 508,616 -52.5 8,844,620
116 Summit Bancorp Inc. Arkadelphia, Ark. 57.94 60.31 26,511 25,431 4.2 1,107,041
117 PacWest Bancorp Los Angeles 58.03 49.56 176,720 160,340 10.2 5,534,431
118 Security National Corp. Dakota Dunes, S.D. 58.10 58.07 29,183 28,857 1.1 1,061,991
119 Great Southern Bancorp Inc. Springfield, Mo. 58.23 35.73 89,138 78,151 14.1 3,413,389
120 Enterprise Financial Services Corp Clayton, Mo. 58.24 60.84 62,891 104,604 -39.9 2,805,866
121 First Citizens Financial Corp. Mason City, Iowa 58.28 61.53 25,153 25,356 -0.8 1,075,949
122 Pacific Continental Corp. Eugene, Ore. 58.33 53.31 32,198 31,147 3.4 1,212,238
123 Lakeland Bancorp Inc. Oak Ridge, N.J. 58.52 65.80 70,405 73,794 -4.6 2,792,872
124 First Guaranty Bancshares Inc. Hammond, La. 58.61 61.39 26,129 23,591 10.8 1,132,808
125 Southside Bancshares Inc. Tyler, Texas 58.70 56.00 71,141 70,683 0.6 2,999,621
126 Parkway Bancorp Inc. Harwood Heights, Ill. 58.72 65.48 38,821 37,186 4.4 2,591,031
127 Cullen/Frost Bankers Inc. San Antonio 58.74 60.09 528,976 528,874 0.0 17,666,790
128 Cardinal Financial Corp. McLean, Va. 58.86 70.84 59,469 52,427 13.4 2,072,018
129 First Citizens Bancorp. Inc. Columbia, S.C. 59.02 47.72 247,246 225,118 9.8 8,418,985
130 Univest Corp. of Pennsylvania Souderton 59.07 62.72 67,349 65,324 3.1 2,133,893
131 Coppermark Bancshares Inc. Oklahoma City 59.12 63.62 34,233 33,918 0.9 1,225,031
132 Community Trust Bancorp Inc. Pikeville, Ky. 59.19 63.13 96,050 93,801 2.4 3,355,872
133 Renasant Corp. Tupelo, Miss. 59.27 64.88 123,617 105,754 16.9 4,297,327
134 Tri City Bankshares Corp. Oak Creek, Wis. 59.30 63.04 44,260 31,687 39.7 1,141,023
135 CNB Financial Corp. Clearfield, Pa. 59.43 60.98 31,668 29,792 6.3 1,413,511
136 First National Security Co. Hot Springs, Ark. 59.59 58.03 24,509 18,329 33.7 1,000,077
Trustmark Corp. Jackson, Miss. 59.59 57.08 308,510 299,778 2.9 9,553,902
138 W.T.B. Financial Corp. Spokane, Wash. 59.68 56.48 107,389 107,150 0.2 3,977,742
139 Commerce Bancshares Inc. Kansas City, Mo. 59.70 59.88 659,526 641,520 2.8 18,520,044
140 Huntington Bancshares Inc. Columbus, Ohio 59.77 54.27 1,649,554 3,971,321 -58.5 53,801,954
141 CBX Corp. Carrollton, Ill. 59.84 58.86 17,427 14,674 18.8 950,583
142 Apple Financial Holdings Inc. New York 59.85 70.46 86,948 89,395 -2.7 6,660,143
143 BBVA PR Holding Corp. San Juan, Puerto Rico 59.97 56.11 119,470 120,170 -0.6 4,833,090
144 First Co Bancorp Inc. Collinsville, Ill. 59.98 61.30 26,974 24,714 9.1 1,025,989
145 CVB Financial Corp. Ontario, Calif. 60.01 47.54 190,138 143,848 32.2 6,436,721
146 BB&T Corp. Winston-Salem, N.C. 60.03 54.19 5,092,771 4,689,516 8.6 157,081,396
147 F.N.B. Corp. Hermitage, Pa. 60.05 64.27 251,103 255,339 -1.7 8,959,915
148 Eagle Bancorp Inc. Bethesda, Md. 60.11 64.61 50,595 42,902 17.9 2,090,187
149 JPMorgan Chase & Co. New York 60.12 51.92 61,395,000 53,046,000 15.7 2,117,605,000
150 BOK Financial Corp. Tulsa, Okla. 60.17 57.27 745,656 691,500 7.8 23,889,868
151 Middlesex Bancorp MHC Natick, Mass. 60.29 55.98 82,187 84,014 -2.2 4,032,271
152 WesBanco Inc. Wheeling, W.Va. 60.31 64.97 144,788 150,002 -3.5 5,364,671
153 First Citizens Bancshares Inc. Dyersburg, Tenn. 60.35 62.95 28,658 28,782 -0.4 974,378
154 BancWest Corp. San Francisco 60.39 60.14 1,672,360 1,657,552 0.9 72,770,154
Horizon Bancorp Michigan City, Ind. 60.39 58.14 42,571 37,812 12.6 1,400,919
156 Simmons First National Corp. Pine Bluff, Ark. 60.40 67.49 113,740 107,309 6.0 3,316,432
157 Republic Bancorp Co. Oak Brook, Ill. 60.42 27.03 38,228 30,905 23.7 1,469,541
158 Sandy Spring Bancorp Inc. Olney, Md. 60.45 64.65 101,280 102,371 -1.1 3,519,388
State Bancorp Inc. Jericho, N.Y. 60.45 72.72 41,991 48,462 -13.4 1,589,979
160 Banterra Corp Eldorado, Ill. 60.54 61.60 32,293 34,636 -6.8 1,091,896
161 Fifth Third Bancorp Cincinnati 60.55 46.54 3,855,462 3,826,567 0.8 111,006,778
Financial Institutions Inc. Warsaw, N.Y. 60.55 65.77 60,844 62,702 -3.0 2,214,307
163 PrivateBancorp Inc. Chicago 60.71 62.43 291,626 246,011 18.5 12,465,621
164 NBT Bancorp Inc. Norwich, N.Y. 60.80 59.24 179,069 171,010 4.7 5,338,856
165 Plains Bancorp Inc. Dimmitt, Texas 60.85 57.89 23,820 22,420 6.2 1,010,065
166 German American Bancorp Inc. Jasper, Ind. 60.92 64.09 41,361 40,391 2.4 1,376,934
167 Broadway Bancshares Inc. San Antonio 61.02 60.94 75,291 72,395 4.0 2,353,781
168 Bremer Financial Corp. St. Paul, Minn. 61.15 59.74 230,658 233,117 -1.1 7,955,211
169 First Community Bancshares Inc. Bluefield, Va. 61.22 132.98 67,611 146,788 -53.9 2,244,239
170 Tompkins Financial Corp. Ithaca, N.Y. 61.28 61.35 99,045 96,617 2.5 3,260,343
171 First Citizens BancShares Inc. Raleigh, N.C. 61.29 70.36 727,399 642,545 13.2 20,806,659
172 First State Bancshares Inc. Farmington, Mo. 61.31 63.55 33,838 30,531 10.8 1,231,255
173 Dacotah Banks Inc. Aberdeen, S.D. 61.32 65.98 48,510 47,806 1.5 1,805,538
174 Farmers National Banc Corp. Canfield, Ohio 61.49 67.31 31,106 29,655 4.9 982,089
175 First Bank Corp Fort Smith, Ark. 61.63 58.86 46,242 45,704 1.2 1,579,132
176 Discount Bancorp Inc. New York 61.67 60.73 164,137 166,640 -1.5 9,319,216
177 ACNB Corp. Gettysburg, Pa. 61.68 66.01 30,303 30,629 -1.1 968,667
178 BNC Bancorp High Point, N.C. 61.76 63.74 54,855 33,016 66.1 2,149,931
179 First Commonwealth Financial Corp. Indiana, Pa. 61.84 61.60 168,509 170,845 -1.4 5,812,842
180 Austin Bancorp Inc. Jacksonville, Texas 61.92 60.14 43,781 41,023 6.7 1,246,288
181 Columbia Banking System Inc. Tacoma, Wash. 61.98 62.66 147,251 95,491 54.2 4,256,402
182 Canandaigua National Corp. N.Y. 62.01 63.93 57,845 54,198 6.7 1,661,504
183 First Interstate BancSystem Inc. Billings, Mont. 62.02 61.12 209,783 211,212 -0.7 7,498,607
184 Boiling Springs MHC Rutherford, N.J. 62.04 68.99 30,134 29,146 3.4 1,357,741
185 Community Bank System Inc. DeWitt, N.Y. 62.15 69.02 175,138 184,298 -5.0 5,444,506
186 First York Ban Corp. Neb. 62.17 66.25 29,827 27,809 7.3 940,727
187 Shore Bancshares Inc. Easton, Md. 62.23 64.94 41,068 40,249 2.0 1,130,311
188 TriCo Bancshares Chico, Calif. 62.24 61.26 77,206 75,450 2.3 2,189,789
189 Bridge Bancorp Inc. Bridgehampton, N.Y. 62.32 58.44 27,879 24,764 12.6 1,026,274
190 MainSource Financial Group Inc. Greensburg, Ind. 62.37 60.74 92,252 167,532 -44.9 2,769,312
191 Chemical Financial Corp. Midland, Mich. 62.40 60.88 139,185 116,635 19.3 5,246,209
192 Fremont Bancorp. Calif. 62.49 66.24 92,342 89,365 3.3 2,423,612
193 Bank Iowa Corp. West Des Moines 62.50 66.41 26,131 32,602 -19.8 1,063,838
194 1867 Western Financial Corp. Stockton, Calif. 62.52 65.62 59,830 60,360 -0.9 1,915,892
195 Southeastern Bank Financial Corp. Augusta, Ga. 62.74 72.74 40,575 40,183 1.0 1,607,727
TCF Financial Corp. Wayzata, Minn. 62.74 67.72 752,373 760,221 -1.0 18,490,648
197 MidWestOne Financial Group Inc. Iowa City 62.78 67.11 43,405 45,580 -4.8 1,581,627
198 BBVA USA Bancshares Inc. Houston 62.79 57.48 2,645,544 3,391,057 -22.0 63,345,381
199 Center Bancorp Inc. Union, N.J. 62.86 70.93 23,465 23,057 1.8 1,207,385
200 Franklin Financial Services Corp. Chambersburg, Pa. 62.93 64.18 26,816 26,447 1.4 953,379

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 April 27, 2011.

Source:

SNL Financial
, Charlottesville, Va.
© 2011 American Banker

Banks, thrifts and holding companies