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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

February 25, 2004, 10:08 a.m. EST 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding Companies
Among the largest 500, in the third quarter of 2003. Dollars in thousands
Published February 25, 2004
    Efficiency ratio** Noninterest expense Sept.
30 assets
3Q '03 Yr. earlier 3Q '03 Yr. earlier Change
1 First Financial Holdings Renton, Wash. 20.88% NA% $2,162 $NA NA% $720,218
2 Hudson City MHC Paramus, N.J. 25.3 23.99 75,977 70,304 8.07 15,898,409
3 New York Community Bancorp Inc. Westbury 26.9 31.29 107,615 105,007 2.48 12,936,878
4 Amboy Bancorp. Old Bridge, N.J. 28.43 39.51 20,120 25,051 -19.68 2,257,155
5 Intervest Bancshares Corp. New York, N.Y. 29.08 33.74 5,423 4,736 14.51 822,900
6 West Bancorp. Inc. West Des Moines 30.33 29.69 9,179 8,476 8.29 963,079
7 W Holding Co. Mayaguez, Puerto Rico 31.99 39.99 61,116 54,445 12.25 10,813,063
8 SBC Inc. Countryside, Ill. 32.05 32.97 8,422 7,853 7.25 736,775
9 Doral Financial Corp. San Juan, Puerto Rico 32.79 36.73 138,354 99,839 38.58 10,763,729
10 North Fork Bancorp Melville, N.Y. 35.95 31.3 260,693 224,453 16.15 20,468,598
11 Bank of Highland Park Financial Ill. 36.03 33.4 5,898 5,294 11.41 648,717
12 Bankfirst Corp. Sioux Falls, S.D. 36.23 38.56 64,607 97,547 -33.77 755,659
13 Cathay Bancorp Inc. Los Angeles 37.65 35.99 34,495 32,208 7.1 3,201,632
14 ITLA Capital Corp. La Jolla, Calif. 38.32 NA 28,790 NA NA 1,628,634
15 Corus Bankshares Inc. Chicago 38.7 39.62 38,525 35,130 9.66 3,334,567
16 GreenPoint Financial Corp. New York 39.16 34.16 377,212 305,917 23.31 22,866,302
17 Royal Bancshares of Pennsylvania Inc. Narberth 39.66 41.23 13,241 13,235 0.05 1,166,087
18 Stearns Financial Services St. Cloud, Minn. 40.51 43.53 19,540 20,574 -5.03 1,000,265
19 WestAmerica Bancorp. San Rafael, Calif. 40.66 40.61 78,712 77,567 1.48 4,485,252
20 Frontier Financial Corp. Everett, Wash. 40.75 39.61 33,669 30,431 10.64 2,063,432
21 City National Bancshares Miami 41.26 42.51 33,784 33,075 2.14 2,296,903
22 Humboldt Bancorp Roseville, Calif. 41.38 73.14 32,178 39,982 -19.52 1,038,314
23 Northern Empire Bancshares Santa Rosa, Calif. 41.74 40.79 10,283 8,357 23.05 776,999
24 S&T Bancorp Inc. Indiana, Pa. 42.38 43.01 42,934 37,705 13.87 2,842,081
25 Ocean Bankshares Inc. Miami 42.83 42.92 70,360 66,943 5.1 4,272,539
26 UCBH Holdings Inc. San Francisco 43.16 49.89 57,495 48,067 19.61 5,427,674
27 Park National Corp. Newark, Ohio 43.82 44.58 89,917 86,863 3.52 4,685,782
28 East West Bancorp Inc. San Marino, Calif. 44.1 44.26 56,748 47,826 18.66 3,763,476
29 Lauritzen Corp. Omaha 44.24 49.36 30,737 29,680 3.56 1,141,025
30 Banc Corp. Birmingham, Ala. 44.34 66.17 41,560 30,948 34.29 1,242,746
31 Delta Bancshares Co. St. Louis 44.35 44.59 6,988 7,010 -0.31 655,468
32 Trinity Capital Corp. Los Alamos, N.M. 44.63 50.34 18,478 14,043 31.58 1,066,412
33 Fifth Third Bancorp Cincinnati 45.05 46.9 1,810,785 1,646,843 9.95 89,422,223
34 MBT Financial Corp. Monroe, Mich. 45.06 40.06 22,306 19,447 14.7 1,471,920
35 Bank of Granite Corp. Granite Falls, N.C. 45.11 42.47 18,675 14,844 25.81 971,644
36 Parkway Bancorp Inc. Harwood Heights, Ill. 45.19 45.4 19,752 20,024 -1.36 1,550,750
37 Valley View Bancshares Inc. Overland Park, Kan. 45.54 46.57 37,577 39,818 -5.63 2,428,159
38 Great Southern Bancorp Inc. Springfield, Mo. 45.62 42.38 25,378 21,619 17.39 1,498,896
39 Ames National Corp. Ames, Iowa 45.78 42.4 10,928 9,606 13.76 739,227
40 Horizon Financial Corp Bellingham, Wash. 45.89 47.72 14,026 12,211 14.86 817,200
41 Bank of the Ozarks Inc. Little Rock 46.03 46.62 23,137 18,077 27.99 1,253,585
42 R&G Financial Corp. San Juan, Puerto Rico 46.51 45.07 122,748 85,098 44.24 7,835,001
43 Southern Financial Bancorp Warrenton, Va. 46.52 46.24 16,304 13,271 22.85 1,106,906
44 INB Financial Corp. McAllen, Tex. 46.92 47.59 11,491 9,624 19.4 711,268
45 International Bancshares Corp. Laredo, Tex. 47.14 50.53 118,585 121,408 -2.33 7,511,625
46 Associated Banc-Corp Green Bay, Wis. 47.59 49.14 271,029 262,535 3.24 15,140,338
47 First South Bancorp Inc. Washington, N.C. 47.75 49.64 13,289 11,622 14.34 654,974
48 First Bancorp San Juan, Puerto Rico 47.81 41.56 119,289 96,934 23.06 12,088,772
49 U.S. Bancorp Minneapolis 47.95 49.91 4,677,200 4,621,800 1.2 188,835,000
50 United National Corp. Sioux Falls, S.D. 48.19 35.31 194,613 170,994 13.81 1,051,605
51 NSB Holding Corp. Ithaca, N.Y. 48.41 38.26 15,286 9,408 62.48 1,428,870
52 Prosperity Bancshares Inc. Houston 48.47 48.43 29,464 22,671 29.96 2,078,532
53 Valley National Bancorp Wayne, N.J. 48.74 44.46 164,211 140,806 16.62 9,735,580
54 Emigrant Bancorp Inc. New York 48.93 43.84 136,270 107,221 27.09 9,948,255
55 Commercial Bankshares Inc. Miami 48.94 50.6 11,397 10,915 4.42 776,341
  Farmers and Merchants Bancorp Archbold, Ohio 48.94 57.38 12,380 12,883 -3.9 711,804
  Charter One Financial Inc. Cleveland 48.94 47.53 588,184 534,289 10.09 43,386,071
58 Texas Regional Bancshares McAllen 49.11 45.99 69,494 57,722 20.39 4,185,625
59 National Bankshares Inc. Blacksburg, Va. 49.26 50.49 13,790 12,996 6.11 699,516
60 FirstBank Holding Co. Lakewood, Colo. 49.35 47.17 121,581 120,770 0.67 6,630,265
61 FirstMerit Corp. Akron 49.36 46.87 225,845 209,353 7.88 10,649,559
62 First Citizens Financial Corp. Mason City, Iowa 49.38 47.19 10,686 10,186 4.91 766,759
63 Central Pacific Financial Honolulu 49.45 52.48 39,484 40,176 -1.72 2,131,766
64 CVB Financial Corp. Ontario, Calif. 49.48 47.19 61,052 52,153 17.06 3,661,827
65 Hudson Valley Holding Corp. Yonkers, N.Y. 49.86 40.98 24,910 22,376 11.32 1,669,751
66 Heartland Bancorp Inc. Bloomington, Ill. 50.24 54.3 14,540 12,032 20.84 684,458
67 Mercantile Bank Corp. Wyoming, Mich. 50.38 48.09 13,154 9,316 41.2 1,153,883
68 Mercantile Bankshares Corp. Baltimore 50.42 46.16 238,019 202,758 17.39 13,876,148
69 Suffolk Bancorp Riverhead, N.Y. 50.55 48.68 27,281 26,251 3.92 1,348,033
70 Pacific Capital Bancorp Santa Barbara, Calif. 50.56 47.9 121,430 105,851 14.72 4,721,607
71 West Suburban Bancorp Inc. Lombard, Ill. 50.61 53.11 29,783 27,912 6.7 1,707,550
72 First Midwest Bancorp Inc. Itasca, Ill. 50.63 49.73 112,083 111,999 0.08 6,289,551
  City Holding Co. Cross Lanes, W.Va. 50.63 58.6 48,155 52,263 -7.86 1,997,586
74 Inwood Bancshares Inc. Dallas 50.79 50.59 13,600 13,022 4.44 848,266
75 Camden National Corp. Maine 50.8 52.39 22,038 23,899 -7.79 1,285,474
76 MBNA Corp. Wilmington, Del. 50.95 55.19 3,779,055 3,536,100 6.87 58,716,985
77 American National Corp. Omaha 50.99 49.02 25,079 22,088 13.54 1,239,798
78 Cummins-American Corp. Glenview, Ill. 51.12 50.74 16,835 16,333 3.07 940,739
  Hometown Community Bancorp Morton, Ill. 51.12 50.42 9,911 8,657 14.49 1,005,608
80 Glacier Bancorp Inc. Kalispell, Mont. 51.13 51.23 50,698 45,117 12.37 2,683,074
81 Berkshire Bancorp Inc. New York 51.24 55.94 8,532 8,099 5.35 822,935
82 Durant Bancorp Okla. 51.35 54.63 19,059 18,290 4.2 943,262
83 Midwest Banc Holdings Inc. Melrose Park, Ill. 51.52 45.16 32,121 25,027 28.35 2,253,854
84 New Lenox Holding Co. Ill. 51.64 53.85 13,872 13,122 5.72 980,857
85 United Bancorp. of Wyoming Jackson 51.71 53.79 15,533 14,488 7.21 837,620
86 Chemical Financial Corp. Midland, Mich. 51.72 51.45 70,776 70,431 0.49 3,591,026
87 Wilson Bank Holding Co. Lebanon, Tenn. 51.78 50.98 15,536 13,740 13.07 891,355
88 Republic Bancorp Inc. Owosso, Mich. 51.8 50.29 81,555 74,449 9.54 5,160,325
89 Cascade Bancorp Bend, Ore. 51.82 48.63 19,265 15,359 25.43 723,600
90 Massbank Corp Reading, Mass. 51.83 46.86 9,407 8,948 5.13 1,015,586
91 City National Corp. Beverly Hills 51.85 48.97 269,146 244,104 10.26 12,831,281
92 First Financial Bankshares Inc. Abilene, Tex. 51.88 51.79 45,531 43,835 3.87 2,069,859
93 Arrow Financial Corp. Glens Falls, N.Y. 51.95 49.6 24,677 23,576 4.67 1,384,193
94 Citizens and Northern Corp. Wellsboro, Pa. 51.98 51.35 16,224 15,664 3.58 1,050,010
95 Oak Hill Financial Inc. Jackson, Ohio 52.02 55.71 17,908 16,706 7.2 904,006
96 SouthTrust Corp. Birmingham, Ala. 52.03 53.84 939,612 949,132 -1 51,717,769
  Harleysville Savings Financial Corp. Pa. 52.03 49.67 5,181 4,882 6.12 653,331
98 Hills Bancorp. Iowa 52.04 55.97 20,401 17,967 13.55 1,188,153
  Republic Bancorp Inc. Louisville 52.04 61.38 46,576 40,361 15.4 2,010,232
100 National City Corp. Cleveland 52.17 53.94 3,036,997 2,714,543 11.88 121,065,218
101 Hillcrest Bancshares Inc. Overland Park, Kan. 52.18 51.12 15,038 13,336 12.76 974,164
102 Minnwest Corp. Minnetonka, Minn. 52.2 51.6 15,224 14,778 3.02 882,357
103 Countrywide Financial Corp. Calabasas, Calif. 52.37 75.59 3,373,745 2,134,917 58.03 92,427,140
  Bank of America Corp. Charlotte 52.37 52.81 14,840,000 13,633,000 8.85 736,935,000
  Virginia Commerce Bancorp Arlington 52.37 56.66 15,430 12,415 24.29 840,830
106 Summit Financial Group Inc. Moorefield, W.Va. 52.48 51.49 10,574 9,380 12.73 744,174
107 First National Bank Group Edinburg, Tex. 52.56 50.47 30,320 23,899 26.87 2,086,726
108 Comerica Inc. Detroit 52.77 52.4 1,103,644 1,186,194 -6.96 55,213,926
109 U.S.B. Holding Co. Orangeburg, N.Y. 52.78 48.47 33,515 29,320 14.31 2,988,983
  First National Community Bancorp Dunmore, Pa. 52.78 51.76 11,208 10,452 7.23 802,344
111 Hanmi Financial Corp. Los Angeles 52.86 50.99 28,844 24,662 16.96 1,734,651
112 Central Coast Bancorp Salinas, Calif. 52.9 48.77 17,548 15,044 16.64 969,883
113 First Bancorp Troy, N.C. 53.08 54.61 27,808 24,950 11.45 1,358,144
114 United Bankshares Inc. Charleston, W.Va. 53.11 48.7 119,623 105,765 13.1 5,731,984
115 First National Bank Holding Scottsdale, Ariz. 53.15 52.47 71,762 53,034 35.31 1,446,054
116 Peoples Bancorp Inc. Marietta, Ohio 53.25 55.14 30,329 27,525 10.19 1,772,025
117 Oriental Financial Group Inc. San Juan, Puerto Rico 53.31 56.05 43,733 38,743 12.88 3,152,920
118 Main Street Trust Inc. Champaign, Ill. 53.57 54.9 24,435 25,495 -4.16 1,147,473
119 Orion Bancorp Inc. Naples, Fla. 53.6 54.61 15,678 12,762 22.85 866,592
120 First Co. Bancorp Collinsville, Ill. 53.61 51.51 12,887 10,192 26.44 698,663
121 First Community Bancshares Bluefield, Va. 53.7 52.36 37,224 35,203 5.74 1,679,268
122 AmSouth Bancorp. Birmingham, Ala. 53.77 51.75 894,032 869,460 2.83 44,375,022
123 Vineyard National Bancorp Rancho Cucamonga, Calif. 53.86 68.54 11,418 7,902 44.5 778,977
124 Security National Corp. Sioux City, Iowa 53.94 49.01 16,864 15,810 6.67 786,278
125 Sky Financial Group Inc. Bowling Green, Ohio 53.95 54.04 244,130 197,077 23.88 12,618,607
126 Fishback Financial Corp. Brookings, S.D. 53.97 63.93 20,156 23,916 -15.72 769,178
127 Southwest Bancorp Inc. Stillwater, Okla. 53.99 56 28,088 24,465 14.81 1,539,730
128 Hudson United Bancorp Mahwah, N.J. 54.06 48.76 167,929 186,870 -10.14 7,983,758
129 Fulton Financial Corp. Lancaster, Pa. 54.18 52.4 173,497 166,300 4.33 9,280,289
130 American State Financial Corp. Lubbock, Tex. 54.34 54.53 31,368 30,161 4 1,652,271
131 Stockman Financial Corp. Miles City, Mont. 54.36 58.37 16,726 15,036 11.24 862,773
132 Wilber Corp. Oneonta, N.Y. 54.41 49.99 12,380 11,362 8.96 739,780
133 Porter Bancorp Inc. Shepherdsville, Ky. 54.43 56.11 12,297 11,617 5.85 746,123
134 Northrim Bancorp Inc. Anchorage 54.49 59.05 18,523 17,144 8.04 736,059
135 IberiaBank Corp. Lafayette, La. 54.52 55.4 37,292 32,110 16.14 2,082,897
136 Exchange National Bankshares Jefferson City, Mo. 54.56 57.4 13,740 12,935 6.22 861,391
137 First Busey Corp. Urbana, Ill. 54.57 55.28 30,318 27,968 8.4 1,494,185
138 Allegiant Bancorp Inc. St. Louis 54.66 51.97 39,080 34,760 12.43 2,459,426
139 Farmers National Banc Corp. Canfield, Ohio 54.67 58.92 13,671 13,065 4.64 802,830
140 First Federal Financial Corp. Elizabethtown, Ky. 54.73 NA 12,779 NA NA 673,287
141 Franklin Financial Corp. Tenn. 54.86 49.93 15,302 14,991 2.07 880,153
142 Citizens Bancshares Co. Chillicothe, Mo. 54.88 53.23 15,343 14,913 2.88 961,814
143 Pinnacle Bancorp Inc. Central City, Neb. 54.9 56.49 72,529 67,009 8.24 3,313,070
144 Trustmark Corp. Jackson, Miss. 54.95 51.8 165,602 157,121 5.4 7,633,104
  Interchange Financial Services Saddle Brook, N.J. 54.95 56.08 22,980 18,750 22.56 1,349,144
146 Main Street Banks Inc. Kennesaw, Ga. 54.97 54.9 38,306 29,975 27.79 1,912,594
147 Metropolitan Bank Group Inc. Chicago 55.09 62.45 48,752 43,300 12.59 1,697,143
  Fina Bancorp Inc. Valparaiso, Ind. 55.09 56.28 12,166 11,102 9.58 670,072
149 RCB Holding Co. Inc. Claremore, Okla. 55.11 52.21 13,576 12,865 5.53 645,489
150 Union Planters Corp. Memphis 55.15 51.87 829,006 777,458 6.63 32,162,374



*Consolidated data from Y9-C reports.
**Noninterest expense divided by (total income minus interest expense)
Source: Sheshunoff Information Services, a division of Thomson Corp.
© 2004 American Banker

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