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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

May 06, 2015, 2:53 p.m. EDT 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesYear to date through Sept. 30, 2014. Dollars in thousands
Published May 6, 2015
Rank   Efficiency Ratio* Noninterest Expenses 3Q 2014
Assets
2014 2013 2014 2013 Change
1 Briscoe Ranch Inc. Uvalde, Texas 12.33 14.21 $2,923 $2,728 7.1% $1,444,657
2 Beal Financial Corp. Plano, Texas 19.33 21.38 37,259 42,181 -11.7 7,756,680
3 Lauritzen Corp. Omaha, Neb. 28.03 47.32 19,189 18,018 6.5 1,937,818
4 Merchants Bancorp Carmel, Ind. 32.30 25.64 4,425 2,926 51.2 1,717,058
5 BofI Holding Inc. San Diego 33.81 40.63 17,390 14,433 20.5 4,824,863
6 Silver Queen Financial Services Inc. Greenwood Village, Colo. 35.92 22.86 3,426 2,567 33.5 1,798,613
7 Industry Bancshares Inc. Texas 36.19 38.41 10,356 9,216 12.4 2,833,419
8 United National Corp. Sioux Falls, S.D. 36.24 37.04 74,034 69,328 6.8 2,188,920
9 Discover Financial Services Riverwoods, Ill. 37.78 38.04 833,161 791,618 5.2 80,596,481
10 First Security Bancorp Searcy, Ark. 38.00 36.24 31,024 30,817 0.7 4,735,719
11 Oritani Financial Corp. Township of Washington, N.J. 38.95 38.71 10,144 10,414 -2.6 3,217,692
12 Santander Holdings USA Inc. Boston 39.05 69.46 941,119 470,080 100.2 113,538,172
13 Sterling Bancorp Inc. Southfield, Mich. 39.43 43.99 4,993 4,552 9.7 1,195,066
14 Prosperity Bancshares Inc. Houston 40.09 39.28 84,690 61,028 38.8 21,125,064
15 Intervest Bancshares Corp. New York 40.16 47.01 4,746 5,039 -5.8 1,511,203
16 ServisFirst Bancshares Inc. Birmingham, Ala. 41.42 37.62 15,179 11,791 28.7 3,952,799
17 Bank of the Ozarks Inc. Little Rock, Ark. 42.38 44.38 42,523 32,208 32.0 6,580,360
18 New York Community Bancorp Inc. Westbury 42.82 42.38 145,194 149,541 -2.9 48,679,772
19 PacWest Bancorp Los Angeles 42.98 62.22 90,051 58,550 53.8 15,939,057
20 Ames National Corp. Iowa 43.04 46.59 5,701 5,191 9.8 1,298,165
21 Dime Community Bancshares Inc. Brooklyn, N.Y. 43.46 46.04 14,645 15,429 -5.1 4,384,405
22 Lakeside Bancorp Inc. Chicago 43.67 41.09 5,426 4,696 15.5 1,184,178
23 Capitol Federal Financial Inc. Topeka, Kan. 43.78 51.40 23,846 25,684 -7.2 9,880,982
24 Manhattan Banking Corp. Kan. 43.94 46.33 6,233 5,938 5.0 1,193,228
25 CVB Financial Corp. Ontario, Calif. 44.93 41.97 32,408 25,701 26.1 7,422,849
26 Cathay General Bancorp Los Angeles 45.05 53.19 43,647 49,617 -12.0 11,599,466
27 Home BancShares Inc. Conway, Ark. 45.57 45.47 42,588 26,505 60.7 7,196,371
28 Washington Federal Inc. Seattle 46.11 38.93 53,157 42,221 25.9 14,756,041
29 Western Alliance Bancorp. Phoenix 46.17 52.23 52,378 49,303 6.2 10,288,824
30 John Deere Capital Corp. Reno, Nev. 46.35 48.14 207,492 177,688 16.8 35,316,750
31 Inwood Bancshares Inc. Dallas 46.52 52.68 8,240 7,598 8.4 1,793,165
32 Amarillo National Bancorp Inc. Texas 46.67 49.96 20,267 20,304 -0.2 3,674,553
33 National Americas Holdings LLC New York 46.68 52.01 43,969 50,992 -13.8 9,299,322
34 Olney Bancshares of Texas Inc. 47.08 46.31 13,427 11,177 20.1 2,544,983
35 Northern Bancorp Inc. Woburn, Mass. 47.17 63.66 5,719 5,309 7.7 1,241,316
36 Central Community Corp. Temple, Texas 47.37 54.65 7,731 8,448 -8.5 1,395,573
37 State Bankshares Inc. Fargo, N.D. 47.57 68.94 38,069 23,403 62.7 3,150,124
38 First Financial Bankshares Inc. Abilene, Texas 47.84 52.89 34,039 35,534 -4.2 5,575,811
39 Lakeland Financial Corp. Warsaw, Ind. 48.18 50.67 16,654 16,264 2.4 3,355,765
40 First of Long Island Corp. Glen Head, N.Y. 48.31 51.87 10,145 9,961 1.8 2,570,805
41 West Bancorp. Inc. West Des Moines, Iowa 48.42 55.72 7,397 7,320 1.1 1,522,801
42 NEB Corp. Fond Du Lac, Wis. 48.53 49.40 8,245 7,879 4.6 1,630,320
43 United Bankshares Inc. Charleston, W.Va. 48.63 55.52 56,757 47,603 19.2 12,085,063
44 Triumph Bancorp Inc. Dallas 49.12 NA 18,422 NA NA 1,347,798
45 IMB HoldCo LLC Pasadena, Calif. 49.19 NA 96,894 -23,567 -511.1 22,011,643
46 BBCN Bancorp Inc. Los Angeles 49.23 47.12 39,288 35,617 10.3 6,927,806
47 Wilshire Bancorp Inc. Los Angeles 49.43 51.20 23,214 17,848 30.1 3,935,793
48 Hometown Banc Corp. Grand Island, Neb. 49.69 53.22 5,585 5,672 -1.5 1,180,805
49 Ida Grove Bancshares Inc. Iowa 49.71 47.66 6,123 5,701 7.4 1,238,416
50 Peoples Financial Services Corp. Scranton, Pa. 49.92 65.12 11,084 4,992 122.0 1,724,778
51 Eagle Bancorp Inc. Bethesda, Md. 50.11 46.08 25,115 21,587 16.3 4,169,541
52 Barclays Delaware Holdings LLC Wilmington 50.15 48.47 283,568 228,286 24.2 24,158,229
53 Traditional Bancorp. Inc. Mount Sterling, Ky. 50.44 55.44 6,097 6,381 -4.5 1,152,722
54 Midland Bancshares Inc. Texas 50.54 62.95 5,438 5,947 -8.6 1,168,343
55 Capital One Financial Corp. McLean, Va. 50.66 53.16 2,985,267 3,173,911 -5.9 300,444,020
56 OFG Bancorp San Juan, Puerto Rico 51.09 63.37 68,590 75,446 -9.1 7,673,339
57 Westamerica Bancorp. San Rafael, Calif. 51.10 50.39 27,599 28,638 -3.6 4,994,067
58 Investors Bancorp Inc. Short Hills, N.J. 51.18 50.35 76,500 60,871 25.7 17,781,789
59 Educational Services of America Inc. Knoxville, Tenn. 51.36 56.39 13,583 13,362 1.7 2,934,947
60 Horizon Bancorp Michigan City, Ind. 51.46 64.14 15,353 13,875 10.7 2,037,045
61 Stockman Financial Corp. Miles City, Mont. 51.60 49.00 15,925 14,033 13.5 2,812,753
62 NexBank Capital Inc. Dallas 51.73 79.31 8,517 9,757 -12.7 1,641,314
63 Square 1 Financial Inc. Durham, N.C. 51.88 52.34 16,969 13,923 21.9 2,986,922
64 U.S. Bancorp Minneapolis 51.95 51.79 2,644,000 2,596,000 1.8 391,284,000
65 Independence Bancshares Inc. Owensboro, Ky. 52.02 53.67 8,517 8,318 2.4 1,497,647
66 Bar Harbor Bankshares Maine 52.38 55.21 7,197 6,763 6.4 1,439,126
67 First Bancorp Inc. Lebanon, Va. 52.62 52.84 8,245 8,103 1.8 1,336,109
68 International Bancshares Corp. Laredo, Texas 52.77 53.49 69,734 69,348 0.6 12,079,187
69 Texas Capital Bancshares Inc. Dallas 53.06 51.98 72,384 62,192 16.4 14,266,857
70 Hills Bancorp. Iowa 53.35 55.13 12,809 12,394 3.3 2,308,282
71 Pinnacle Financial Partners Inc. Nashville, Tenn. 53.42 56.22 33,493 32,622 2.7 5,865,703
72 Security National Corp. Dakota Dunes, S.D. 53.45 60.01 7,423 7,768 -4.4 1,246,559
73 Hometown Community Bancorp Inc. Morton, Ill. 53.51 46.69 13,602 12,442 9.3 2,870,353
74 Watford City Bancshares Inc. N.D. 53.79 55.77 13,030 11,321 15.1 1,822,951
75 SNBNY Holdings Ltd. Gibraltar, N.Y. 53.80 57.17 19,097 20,759 -8.0 6,003,518
76 Farmers & Merchants Bancorp Lodi, Calif. 53.82 50.72 12,567 12,190 3.1 2,198,777
77 ESB Financial Corp. Ellwood City, Pa. 53.84 56.37 7,715 7,498 2.9 1,945,383
78 Villages Bancorp. Inc. The Villages, Fla. 53.88 38.16 5,012 5,127 -2.2 1,645,070
79 Customers Bancorp Inc. Wyomissing, Pa. 54.14 57.57 24,486 18,428 32.9 6,532,435
80 FirstBank Holding Co. Lakewood, Colo. 54.18 54.55 79,590 75,591 5.3 14,052,107
81 German American Bancorp Inc. Jasper, Ind. 54.37 58.49 14,082 13,584 3.7 2,206,123
82 USAmeriBancorp Inc. Clearwater, Fla. 54.50 43.79 15,647 18,648 -16.1 3,011,325
83 City Holding Co. Charleston, W.Va. 54.56 51.16 24,243 23,795 1.9 3,385,542
84 Glacier Bancorp Inc. Kalispell, Mont. 54.68 54.02 53,630 49,645 8.0 8,109,952
  CM Florida Holdings Inc. Coral Gables 54.68 59.69 26,061 24,531 6.2 5,113,439
86 Pinnacle Bancorp Inc. Central City, Neb. 54.85 55.50 46,451 46,226 0.5 7,903,909
87 Bank of Marin Bancorp Novato, Calif. 55.12 61.70 11,350 10,107 12.3 1,802,657
88 1867 Western Financial Corp. Stockton, Calif. 55.19 53.35 14,331 12,619 13.6 2,311,670
89 Plains Bancorp Inc. Dimmitt, Texas 55.33 52.18 6,575 6,748 -2.6 1,178,137
90 S&T Bancorp Inc. Indiana, Pa. 55.37 56.12 28,362 27,847 1.8 4,906,744
91 Southern Missouri Bancorp Inc. Poplar Bluff 55.59 51.78 7,653 4,847 57.9 1,299,967
92 Apple Financial Holdings Inc. New York 55.78 63.90 29,936 29,251 2.3 11,688,202
93 First Farmers Financial Corp. Converse, Ind. 55.82 51.05 7,989 7,177 11.3 1,256,543
94 Sterling Bancorp Montebello, N.Y. 56.17 68.56 43,721 23,235 88.2 7,337,387
95 Cullen/Frost Bankers Inc. San Antonio 56.19 59.64 163,446 151,611 7.8 27,411,142
96 American National Corp. Omaha, Neb. 56.20 58.36 17,817 17,425 2.2 2,701,789
97 Hanmi Financial Corp. Los Angeles 56.32 53.28 23,394 18,626 25.6 4,238,374
98 Discount Bancorp Inc. New York 56.49 64.38 34,190 44,882 -23.8 9,774,310
99 National Penn Bancshares Inc. Allentown, Pa. 56.56 57.27 52,158 53,603 -2.7 8,633,000
100 Pacific Premier Bancorp Inc. Irvine, Calif. 56.57 67.71 13,317 11,765 13.2 2,034,248
101 Washington Trust Bancorp Inc. Westerly, R.I. 56.60 61.34 22,042 25,550 -13.7 3,416,633
102 TrustCo Bank Corp NY Glenville, 56.64 55.16 23,508 22,026 6.7 4,583,155
103 Community Trust Bancorp Inc. Pikeville, Ky. 56.71 54.69 25,863 25,591 1.1 3,670,086
104 LegacyTexas Financial Group Inc. Plano, Texas 56.72 63.55 22,783 22,160 2.8 3,952,488
105 Wells Fargo & Co. San Francisco 56.76 57.23 12,419,000 12,204,000 1.8 1,636,855,000
106 Arrow Financial Corp. Glens Falls, N.Y. 56.80 58.61 13,526 13,133 3.0 2,208,745
107 BankUnited Inc. Miami Lakes, Fla. 57.10 54.22 108,840 98,314 10.7 17,680,739
108 Heartland Bancorp Inc. Bloomington, Ill. 57.14 50.47 19,170 20,723 -7.5 2,435,788
109 First National of Nebraska Inc. Omaha, Neb. 57.22 62.77 182,856 193,602 -5.6 17,082,710
110 Bank of Hawaii Corp. Honolulu 57.41 59.87 81,312 83,001 -2.0 14,577,913
111 Wilson Bank Holding Co. Lebanon, Tenn. 57.43 58.51 11,950 11,071 7.9 1,827,842
112 First Bank Corp Fort Smith, Ark. 57.52 60.93 12,098 11,707 3.3 1,567,801
113 First Bancorp Inc. Damariscotta, Maine 57.55 46.91 7,784 7,017 10.9 1,485,903
114 Bank of Highland Park Financial Corp. Ill. 57.67 67.37 4,615 4,204 9.8 1,219,753
115 Financial Institutions Inc. Warsaw, N.Y. 57.71 56.95 17,896 16,947 5.6 3,055,304
116 Bridge Capital Holdings San Jose, Calif. 57.79 64.50 14,643 13,356 9.6 1,761,489
117 Pacific Continental Corp. Eugene, Ore. 57.80 60.66 9,066 9,300 -2.5 1,492,261
118 United Community Banks Inc. Blairsville, Ga. 57.88 58.06 41,740 40,311 3.5 7,527,745
119 WesBanco Inc. Wheeling, W.Va. 57.90 60.40 38,953 39,932 -2.5 6,281,054
  Camden National Corp. Maine 57.90 60.23 15,208 15,175 0.2 2,741,989
121 First Bancshares Inc. Merrillville, Ind. 58.02 59.46 18,565 18,093 2.6 2,579,688
122 CNB Financial Corp. Clearfield, Pa. 58.05 57.19 13,150 10,341 27.2 2,173,009
123 Austin BanCorp Inc. Jacksonville, Texas 58.12 57.44 12,194 11,668 4.5 1,506,120
124 MidWestOne Financial Group Inc. Iowa City, Iowa 58.32 54.54 10,949 10,399 5.3 1,812,558
125 Lakeland Bancorp Inc. Oak Ridge, N.J. 58.44 62.64 19,685 20,407 -3.5 3,498,941
126 Commerce Bancshares Inc. Kansas City, Mo. 58.61 53.67 164,353 130,647 25.8 22,710,961
127 Brookline Bancorp Inc. Boston 58.66 60.48 31,876 29,419 8.4 5,717,965
128 Valley View Bancshares Inc. Overland Park, Kan. 58.67 60.00 16,290 16,668 -2.3 3,197,201
129 American Bancor Ltd. Dickinson, N.D. 58.73 58.30 9,717 8,066 20.5 1,283,413
130 First York Ban Corp. Neb. 58.79 61.04 9,549 9,513 0.4 1,326,695
131 F.N.B. Corp. Pittsburgh 58.84 60.56 95,951 83,221 15.3 15,757,045
132 Commerce Bancshares Corp. Worcester, Mass. 58.85 66.66 8,632 9,061 -4.7 1,807,383
133 Old Florida Bancshares Inc. Orlando 58.89 67.24 8,175 5,376 52.1 1,359,655
134 Southside Bancshares Inc. Tyler, Texas 58.97 54.57 19,995 20,248 -1.2 3,368,031
135 Webster Financial Corp. Waterbury, Conn. 58.99 60.96 125,305 123,260 1.7 21,841,501
  Merchants Financial Group Inc. Winona, Minn. 58.99 65.16 11,708 10,674 9.7 1,475,812
137 M&T Bank Corp. Buffalo, N.Y. 59.00 55.45 660,724 643,550 2.7 97,230,366
138 Bremer Financial Corp. St. Paul, Minn. 59.24 61.89 64,926 64,806 0.2 8,919,949
139 Central Bancompany Inc. Jefferson City, Mo. 59.28 60.75 73,823 75,760 -2.6 10,967,840
140 Stock Yards Bancorp Inc. Louisville, Ky. 59.47 58.09 18,844 17,477 7.8 2,407,951
  Canandaigua National Corp. N.Y. 59.47 61.03 17,271 16,462 4.9 2,124,106
  Summit Financial Group Inc. Moorefield, W.Va. 59.47 62.45 7,535 7,594 -0.8 1,428,669
143 Independent Bank Group Inc. McKinney, Texas 59.48 67.52 22,149 14,503 52.7 3,746,682
144 Bridge Bancorp Inc. Bridgehampton, N.Y. 59.53 64.03 12,065 9,837 22.6 2,217,823
145 First Business Financial Services Inc. Madison, Wis. 59.55 54.87 8,141 7,110 14.5 1,427,567
146 Provident Financial Services Inc. Jersey City, N.J. 59.67 53.42 45,792 36,387 25.8 8,418,558
147 Premier Financial Bancorp Inc. Huntington, W.Va. 59.74 53.29 8,708 7,572 15.0 1,261,368
148 Southeastern Bank Financial Corp. Augusta, Ga. 59.75 55.19 10,892 10,203 6.8 1,753,380
149 Parkway Bancorp Inc. Harwood Heights, Ill. 59.87 64.39 9,350 9,492 -1.5 2,106,863
150 North American Bancshares Inc. Sherman, Texas 59.89 55.91 12,422 12,302 1.0 2,192,871
151 Stearns Financial Services Inc. St. Cloud, Minn. 60.05 42.69 19,351 10,490 84.5 1,760,860
152 Goldman Sachs Group Inc. New York 60.06 66.97 5,200,000 4,942,000 5.2 868,995,000
153 RCB Holding Co. Inc. Claremore, Okla. 60.20 61.45 15,896 13,721 15.9 2,360,996
154 SVB Financial Group Santa Clara, Calif. 60.26 36.91 181,988 160,524 13.4 36,044,135
155 PNC Financial Services Group Inc. Pittsburgh 60.30 60.36 2,372,901 2,414,204 -1.7 334,602,342
156 Longview Financial Corp. Texas 60.32 59.13 12,419 10,767 15.3 1,943,272
157 Fishback Financial Corp. Brookings, S.D. 60.40 60.98 14,620 14,711 -0.6 1,893,327
158 Citizens & Northern Corp. Wellsboro, Pa. 60.43 54.63 9,006 8,591 4.8 1,256,533
159 Century Bancorp Inc. Medford, Mass. 60.51 63.50 13,955 13,978 -0.2 3,597,413
160 Community First Bancshares Inc. Union City, Tenn. 60.52 64.25 13,806 13,422 2.9 1,939,832
161 FirstMerit Corp. Akron, Ohio 60.61 75.00 167,814 212,263 -20.9 24,610,114
162 Pulaski Financial Corp. St. Louis 60.65 60.41 8,719 9,437 -7.6 1,380,097
163 First Guaranty Bancshares Inc. Hammond, La. 60.71 67.56 7,523 7,873 -4.4 1,476,802
164 Penns Woods Bancorp Inc. Williamsport, Pa. 60.78 63.46 8,313 8,975 -7.4 1,227,122
165 Third Federal Savings and Loan Association of Cleveland MHC 60.86 60.11 42,641 42,353 0.7 11,803,153
166 First Defiance Financial Corp. Defiance, Ohio 60.99 63.26 16,719 15,972 4.7 2,151,415
167 Chemical Financial Corp. Midland, Mich. 61.09 61.10 43,940 41,617 5.6 6,596,985
168 Cardinal Financial Corp. McLean, Va. 61.10 81.92 22,216 21,042 5.6 3,314,925
169 People's Utah Bancorp American Fork 61.21 62.63 10,953 8,722 25.6 1,361,600
170 First Merchants Corp. Muncie, Ind. 61.25 66.58 40,557 33,367 21.5 5,592,185
171 First Mid-Illinois Bancshares Inc. Mattoon 61.38 63.48 11,053 11,118 -0.6 1,593,348
172 United Community Bancorp Inc. Chatham, Ill. 61.40 59.92 11,205 7,257 54.4 1,713,894
173 C&F Financial Corp. West Point, Va. 61.42 61.77 15,585 14,523 7.3 1,314,574
174 Park National Corp. Newark, Ohio 61.46 61.41 46,903 44,715 4.9 7,013,272
175 Crews Banking Corp. Wauchula, Fla. 61.56 54.87 9,130 8,066 13.2 1,206,355
176 Home Bancorp Inc. Lafayette, La. 61.61 64.44 10,021 8,022 24.9 1,259,746
177 First Citizens Financial Corp. Mason City, Iowa 61.62 61.14 6,305 6,233 1.2 1,195,272
178 Dacotah Banks Inc. Aberdeen, S.D. 61.63 59.99 15,216 13,988 8.8 2,101,011
179 BancWest Corp. San Francisco 61.76 63.39 468,745 453,340 3.4 86,894,858
180 Community Bank System Inc. DeWitt, N.Y. 61.78 60.39 58,322 54,504 7.0 7,502,643
  Codorus Valley Bancorp Inc. York, Pa. 61.78 64.67 8,030 7,608 5.5 1,203,640
182 CBX Corp. Carrollton, Ill. 61.90 61.06 5,937 5,624 5.6 1,150,618
183 1st Source Corp. South Bend, Ind. 61.92 61.71 37,811 38,393 -1.5 4,821,175
184 Renasant Corp. Tupelo, Miss. 61.95 77.27 46,952 45,729 2.7 5,751,711
185 Columbia Bank MHC Fair Lawn, N.J. 62.14 69.74 20,253 22,040 -8.1 4,644,301
186 Fifth Third Bancorp Cincinnati 62.26 59.31 888,665 958,743 -7.3 134,187,722
187 Bryn Mawr Bank Corp. Pa. 62.27 61.36 19,938 19,275 3.4 2,123,882
  Anchor Bancorp Inc. St. Paul, Minn. 62.27 55.76 10,607 10,405 1.9 1,445,666
189 Umpqua Holdings Corp. Portland, Ore. 62.30 70.47 182,862 95,876 90.7 22,493,824
190 CBFH Inc. Beaumont, Texas 62.39 59.88 16,964 16,275 4.2 2,556,126
191 Flushing Financial Corp. Lake Success, N.Y. 62.40 48.41 21,107 18,879 11.8 4,891,986
192 First Financial Corp. Terre Haute, Ind. 62.42 63.03 24,376 23,963 1.7 3,054,747
193 Bank of New York Mellon Corp. 62.49 71.89 2,969,000 2,779,000 6.8 386,296,000
194 SunTrust Banks Inc. Atlanta 62.50 90.84 1,307,283 1,781,418 -26.6 186,860,815
195 Nicolet Bankshares Inc. Green Bay, Wis. 62.64 57.22 9,522 10,224 -6.9 1,168,940
196 Popular Inc. Hato Rey, Puerto Rico 62.67 48.62 326,000 318,000 2.5 34,099,000
  First BanCorp. San Juan, Puerto Rico 62.67 66.92 95,143 98,006 -2.9 12,643,280
  Banner Corp. Walla Walla, Wash. 62.67 65.52 38,851 35,353 9.9 4,759,389
199 Great Southern Bancorp Inc. Springfield, Mo. 62.69 67.54 29,496 27,503 7.2 3,913,391
200 Comerica Inc. Dallas 62.80 66.11 396,370 415,190 -4.5 68,949,210


Note: Only top-tier holding companies that file a Y-9C statement with the Fed as of Sept. 30, 2014, 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.

Source:

SNL Financial
, Charlottesville, Va.
© 2015 American Banker

Banks, thrifts and holding companies