Most Efficient Bank Holding Companies
June 02, 2004, 10:08 a.m. EDT 1 Min Read
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Most Efficient Bank Holding Companies
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Published May 26, 2004 | |||||||
Related Table: Most Improved in Efficiency and Noninterest Expenses | |||||||
Rank | Efficiency ratio* | Noninterest expense | Dec. 2003 assets | ||||
2003 | 2002 | 2003 | 2002 | Change | |||
1 | First Financial Holdings Renton, Wash. | 21.83% | 21.41% | $3,174 | $3,102 | 2.32% | $728,549 |
2 | Hudson City MHC Paramus, N.J. | 25.18 | 23.69 | 102,581 | 93,642 | 9.55 | 17,033,360 |
3 | New York Community Bancorp Inc. Westbury | 27.51 | 30.25 | 176,250 | 138,389 | 27.36 | 23,503,762 |
4 | Intervest Bancshares Corp. New York | 28.58 | 33.67 | 7,209 | 6,479 | 11.27 | 910,595 |
5 | Amboy Bancorp. Old Bridge, N.J. | 30.75 | 32.85 | 30,166 | 28,773 | 4.84 | 2,244,073 |
6 | W Holding Co. Inc. Mayaguez, Puerto Rico | 31.45 | 38.98 | 84,994 | 74,411 | 14.22 | 11,519,440 |
7 | Doral Financial Corp. San Juan, Puerto Rico | 31.52 | 36.13 | 185,289 | 138,585 | 33.70 | 10,393,996 |
8 | SBC Inc. Countryside, Ill. | 32.20 | 33.14 | 11,559 | 10,686 | 8.17 | 754,543 |
9 | West Bancorp. Inc. West Des Moines | 35.67 | 29.09 | 15,336 | 11,224 | 36.64 | 1,000,612 |
10 | North Fork Bancorp. Melville, N.Y. | 35.86 | 31.50 | 346,222 | 305,113 | 13.47 | 20,961,641 |
11 | Bank of Highland Park Financial Ill. | 35.88 | 35.16 | 7,876 | 7,414 | 6.23 | 654,246 |
12 | Bankfirst Corp. Inc. Sioux Falls, S.D. | 37.50 | 39.28 | 84,385 | 126,949 | -33.53 | 738,803 |
13 | Corus Bankshares Inc. Chicago | 37.57 | 40.66 | 52,255 | 47,472 | 10.08 | 3,643,830 |
14 | Cathay General Bancorp Los Angeles | 38.85 | 36.38 | 55,393 | 43,768 | 26.56 | 5,540,290 |
15 | GreenPoint Financial Corp. New York | 39.12 | 35.11 | 496,382 | 429,470 | 15.58 | 22,978,970 |
16 | Royal Bancshares of Pennsylvania Inc. Narberth | 39.47 | 41.84 | 17,949 | 18,073 | -0.69 | 1,154,410 |
17 | ITLA Capital Corp. La Jolla, Calif. | 39.74 | NA | 37,159 | NA | NA | 1,814,186 |
18 | Westamerica Bancorp. San Rafael, Calif. | 40.20 | 40.41 | 103,869 | 103,323 | 0.53 | 4,581,686 |
19 | Frontier Financial Corp. Everett, Wash. | 41.63 | 40.59 | 46,101 | 42,411 | 8.70 | 2,078,946 |
20 | City National Bancshares Miami | 42.00 | 42.06 | 45,374 | 45,709 | -0.73 | 2,348,882 |
21 | Northern Empire Bancshares Santa Rosa, Calif. | 42.05 | 41.81 | 14,174 | 11,691 | 21.24 | 848,226 |
22 | Stearns Financial Services St. Cloud, Minn. | 42.38 | 43.77 | 28,115 | 27,855 | 0.93 | 1,039,905 |
23 | Ocean Bankshares Inc. Miami | 43.39 | 42.29 | 95,308 | 87,697 | 8.68 | 4,297,212 |
24 | UCBH Holdings Inc. San Francisco | 43.45 | 47.55 | 80,208 | 64,349 | 24.65 | 5,585,190 |
25 | Lauritzen Corp. Omaha | 43.54 | 47.66 | 39,814 | 38,752 | 2.74 | 1,153,637 |
26 | First Bancorp San Juan, Puerto Rico | 43.65 | 42.44 | 164,738 | 133,370 | 23.52 | 12,667,910 |
27 | East West Bancorp Inc. San Marino, Calif. | 44.19 | 44.17 | 78,206 | 64,302 | 21.62 | 4,055,396 |
28 | Parkway Bancorp Inc. Harwood Heights, Ill. | 44.30 | 46.00 | 25,951 | 27,339 | -5.08 | 1,528,071 |
29 | Valley View Bancshares Inc. Overland Park, Kan. | 44.35 | 45.13 | 50,117 | 49,750 | 0.74 | 2,333,176 |
30 | MBT Financial Corp. Monroe, Mich. | 44.92 | 41.00 | 29,433 | 26,522 | 10.98 | 1,458,527 |
31 | S&T Bancorp Inc. Indiana, Pa. | 44.95 | 42.41 | 60,724 | 51,739 | 17.37 | 2,885,540 |
32 | NSB Holding Corp. Staten Island, N.Y. | 44.97 | 60.02 | 19,165 | 26,304 | -27.14 | 1,467,086 |
33 | Fifth Third Bancorp Cincinnati | 45.54 | 46.27 | 2,441,751 | 2,216,229 | 10.18 | 91,143,023 |
34 | U.S. Bancorp Minneapolis | 45.59 | 50.35 | 5,611,500 | 6,280,700 | -10.65 | 189,286,000 |
35 | Park National Corp. Newark, Ohio | 45.63 | 45.95 | 122,376 | 119,964 | 2.01 | 5,034,956 |
36 | R&G Financial Corp. San Juan, Puerto Rico | 46.05 | 46.28 | 167,524 | 124,360 | 34.71 | 8,198,880 |
37 | Ames National Corp. Ames, Iowa | 46.17 | 43.43 | 14,822 | 13,287 | 11.55 | 753,305 |
38 | Bank of the Ozarks Inc. Little Rock | 46.33 | 46.35 | 31,992 | 24,915 | 28.40 | 1,386,739 |
39 | Delta Bancshares Co. St. Louis | 46.47 | 46.26 | 9,842 | 9,685 | 1.62 | 682,298 |
40 | Humboldt Bancorp Roseville, Calif. | 46.48 | 72.25 | 42,726 | 52,560 | -18.71 | 1,043,099 |
41 | Bank of Granite Corp. Granite Falls, N.C. | 46.50 | 42.26 | 25,495 | 20,231 | 26.02 | 972,114 |
42 | Great Southern Bancorp Inc. Springfield, Mo. | 46.58 | 42.38 | 34,837 | 29,049 | 19.92 | 1,541,466 |
43 | INB Financial Corp. McAllen, Tex. | 47.38 | 47.86 | 15,714 | 13,383 | 17.42 | 777,095 |
44 | Horizon Financial Corp. Bellingham, Wash. | 47.74 | 45.78 | 19,093 | 16,352 | 16.76 | 820,229 |
45 | Associated Banc-Corp Green Bay, Wis. | 47.98 | 49.49 | 359,115 | 361,718 | -0.72 | 15,268,429 |
46 | Southern Financial Bancorp Warrenton, Va. | 48.18 | 46.39 | 22,969 | 18,472 | 24.34 | 1,093,675 |
47 | International Bancshares Corp. Laredo, Tex. | 48.21 | 50.07 | 160,044 | 162,839 | -1.72 | 6,578,336 |
48 | Commercial Bankshares Inc. Miami | 48.37 | 50.01 | 15,448 | 14,550 | 6.17 | 783,918 |
First South Bancorp Inc. Washington, N.C. | 48.37 | 49.83 | 17,774 | 16,066 | 10.63 | 676,465 | |
50 | Valley National Bancorp Wayne, N.J. | 48.39 | 45.42 | 216,278 | 192,263 | 12.49 | 9,865,967 |
51 | Hudson Valley Holding Corp. Yonkers, N.Y. | 48.61 | 46.22 | 33,330 | 33,176 | 0.46 | 1,669,513 |
52 | Texas Regional Bancshares McAllen | 48.68 | 46.26 | 93,722 | 78,154 | 19.92 | 4,217,936 |
53 | Trinity Capital Corp. Los Alamos, N.M. | 48.87 | 49.08 | 25,276 | 19,734 | 28.08 | 1,005,984 |
54 | Heartland Bancorp Inc. Bloomington, Ill. | 49.01 | 52.44 | 18,927 | 16,817 | 12.55 | 708,252 |
55 | FirstBank Holding Co. Lakewood, Colo. | 49.22 | 47.66 | 160,312 | 164,637 | -2.63 | 6,652,482 |
56 | CVB Financial Corp. Ontario, Calif. | 49.23 | 46.93 | 83,630 | 70,683 | 18.32 | 3,854,349 |
57 | National Bankshares Inc. Blacksburg, Va. | 49.28 | 49.90 | 18,566 | 17,340 | 7.07 | 708,560 |
58 | Prosperity Bancshares Inc. Houston | 49.29 | 47.99 | 41,887 | 32,313 | 29.63 | 2,399,330 |
59 | Chambers Bancshares Inc. Danville, Ark. | 49.44 | 45.59 | 16,707 | 14,222 | 17.47 | 665,657 |
First Citizens Financial Corp. Mason City, Iowa | 49.44 | 48.07 | 14,375 | 14,041 | 2.38 | 767,011 | |
61 | ESB Acquisition Corp. New York | 49.47 | NA | 183,045 | NA | NA | 9,211,061 |
62 | American National Bankshares Danville, Va. | 49.66 | 48.35 | 15,111 | 14,285 | 5.78 | 644,302 |
63 | Mercantile Bank Corp. Wyoming, Mich. | 49.68 | 47.01 | 18,070 | 12,782 | 41.37 | 1,202,832 |
64 | Charter One Financial Inc. Cleveland | 50.01 | 48.50 | 803,699 | 734,313 | 9.45 | 42,713,133 |
65 | First Midwest Bancorp Inc. Itasca, Ill. | 50.05 | 49.36 | 149,178 | 147,353 | 1.24 | 6,922,017 |
66 | MBNA Corp. Wilmington, Del. | 50.14 | 53.08 | 5,108,618 | 4,692,537 | 8.87 | 59,126,089 |
67 | Farmers and Merchants Bancorp Archbold, Ohio | 50.36 | 56.65 | 17,806 | 17,740 | 0.37 | 705,703 |
68 | Suffolk Bancorp Riverhead, N.Y. | 50.39 | 49.03 | 36,190 | 35,552 | 1.79 | 1,323,776 |
69 | Central Pacific Financial Honolulu | 50.42 | 52.10 | 53,716 | 54,095 | -0.70 | 2,170,268 |
70 | Hillcrest Bancshares Inc. Overland Park, Kan. | 50.49 | 51.05 | 19,099 | 18,120 | 5.40 | 1,050,926 |
71 | Berkshire Bancorp Inc. New York | 50.61 | 55.07 | 11,463 | 10,780 | 6.34 | 905,936 |
72 | Republic Bancorp Inc. Owosso, Mich. | 51.17 | 52.60 | 104,654 | 106,343 | -1.59 | 5,353,688 |
73 | National City Corp. Cleveland | 51.18 | 54.61 | 4,085,494 | 3,722,398 | 9.75 | 113,933,460 |
74 | Durant Bancorp Durant, Okla. | 51.19 | 53.44 | 25,438 | 24,251 | 4.89 | 980,570 |
75 | Countrywide Financial Corp. Calabasas, Calif. | 51.20 | 74.99 | 4,108,815 | 3,111,811 | 32.04 | 97,957,619 |
76 | SouthTrust Corp. Birmingham, Ala. | 51.43 | 53.70 | 1,232,060.00 | 1,272,803.00 | -3.20 | 52,128,326.00 |
77 | West Suburban Bancorp Inc. Lombard, Ill. | 51.59 | 52.25 | 40,962 | 37,428 | 9.44 | 1,711,117 |
Mercantile Bankshares Corp. Baltimore | 51.59 | 46.25 | 337,447 | 272,608 | 23.78 | 13,695,472 | |
79 | Oriental Financial Group Inc. San Juan | 51.62 | 54.22 | 58,177 | 50,842 | 14.43 | 3,344,243 |
80 | Hanmi Financial Corp. Los Angeles | 51.63 | 52.21 | 39,419 | 34,047 | 15.78 | 1,785,748 |
81 | Glacier Bancorp Inc. Kalispell, Mont. | 51.67 | 50.97 | 69,154 | 60,880 | 13.59 | 2,739,633 |
82 | Oak Hill Financial Inc. Jackson, Ohio | 51.78 | 55.48 | 24,049 | 22,664 | 6.11 | 938,281 |
83 | American National Corp. Omaha | 51.80 | 49.90 | 33,912 | 30,589 | 10.86 | 1,280,114 |
Harleysville Savings Financial Corp. Pa. | 51.80 | 49.41 | 6,919 | 6,565 | 5.39 | 696,418 | |
85 | Hometown Community Bancorp Morton, Ill. | 51.81 | 52.15 | 13,597 | 12,181 | 11.62 | 1,008,061 |
86 | Cascade Bancorp Bend, Ore. | 51.86 | 49.07 | 25,993 | 21,023 | 23.64 | 735,851 |
87 | City Holding Co. Cross Lanes, W.Va. | 51.87 | 57.23 | 66,157 | 68,551 | -3.49 | 2,213,981 |
88 | Camden National Corp. Maine | 51.95 | 52.53 | 30,424 | 32,311 | -5.84 | 1,370,363 |
89 | Arrow Financial Corp. Glens Falls, N.Y. | 51.97 | 49.84 | 33,091 | 31,756 | 4.20 | 1,373,920 |
90 | Chemical Financial Corp. Midland, Mich. | 52.00 | 51.68 | 94,612 | 95,685 | -1.12 | 3,708,888 |
91 | City National Corp. Beverly Hills | 52.06 | 49.70 | 364,178 | 332,591 | 9.50 | 13,021,062 |
92 | Virginia Commerce Bancorp Arlington | 52.10 | 56.36 | 20,820 | 17,218 | 20.92 | 881,124 |
93 | Citizens and Northern Corp. Wellsboro, Pa. | 52.21 | 51.00 | 22,114 | 20,849 | 6.07 | 1,066,901 |
United Bancorp of Wyoming Jackson | 52.21 | 52.87 | 20,838 | 19,469 | 7.03 | 854,460 | |
95 | U.S.B. Holding Co. Inc. Orangeburg, N.Y. | 52.37 | 49.87 | 45,240 | 40,260 | 12.37 | 2,906,462 |
96 | First Financial Bankshares Inc. Abilene, Tex. | 52.41 | 51.86 | 61,154 | 59,082 | 3.51 | 2,092,571 |
97 | Wilson Bank Holding Co. Lebanon, Tenn. | 52.48 | 51.68 | 20,821 | 18,797 | 10.77 | 857,827 |
98 | New Lenox Holding Co. Ill. | 52.78 | 55.58 | 19,302 | 18,422 | 4.78 | 997,659 |
99 | Midwest Banc Holdings Inc. Melrose Park, Ill. | 52.96 | 45.37 | 43,495 | 33,891 | 28.34 | 2,264,149 |
100 | Minnwest Corp. Minnetonka, Minn. | 52.97 | 53.04 | 20,852 | 20,342 | 2.51 | 898,393 |
101 | Vineyard National Bancorp Rancho Cucamonga, Calif. | 53.12 | 67.34 | 16,911 | 10,793 | 56.68 | 887,979 |
102 | Orion Bancorp Inc. Naples, Fla. | 53.13 | 57.05 | 21,246 | 18,983 | 11.92 | 938,840 |
103 | Central Coast Bancorp Salinas, Calif. | 53.16 | 48.39 | 23,781 | 20,457 | 16.25 | 1,037,840 |
104 | Massbank Corp. Reading, Mass. | 53.36 | 46.72 | 12,621 | 12,032 | 4.90 | 1,010,733 |
105 | Inwood Bancshares Inc. Dallas | 53.45 | 52.86 | 20,036 | 18,076 | 10.84 | 869,814 |
106 | First Bancorp Troy, N.C. | 53.49 | 52.22 | 37,877 | 32,222 | 17.55 | 1,477,651 |
107 | Main Street Trust Inc. Champaign, Ill. | 53.50 | 53.88 | 32,341 | 33,161 | -2.47 | 1,154,174 |
108 | Bank of America Corp. Charlotte | 53.51 | 53.31 | 20,155,758 | 18,479,000 | 9.07 | 736,487,404 |
109 | Sky Financial Group Inc. Bowling Green, Ohio | 53.62 | 54.08 | 323,769 | 276,813 | 16.96 | 12,896,494 |
110 | Comerica Inc. Detroit | 53.65 | 52.08 | 1,484,346 | 1,559,766 | -4.84 | 52,943,676 |
111 | First National Community Bancorp Dunmore, Pa. | 53.83 | 52.20 | 15,483 | 14,248 | 8.67 | 816,303 |
112 | AmSouth Bancorp Birmingham, Ala. | 53.86 | 50.89 | 1,204,959 | 1,126,624 | 6.95 | 45,670,092 |
Trustmark Corp. Jackson, Miss. | 53.86 | 52.01 | 218,171 | 211,683 | 3.06 | 7,914,321 | |
114 | Pacific Capital Bancorp Santa Barbara, Calif. | 53.87 | 50.57 | 163,687 | 142,998 | 14.47 | 4,859,630 |
115 | United National Corp. Sioux Falls, S.D. | 53.88 | 39.20 | 261,029 | 241,703 | 8.00 | 947,989 |
116 | Metropolitan Bank Group Inc. Chicago | 53.90 | 61.55 | 62,832 | 58,587 | 7.25 | 1,751,305 |
117 | First National Bank Holding Scottsdale, Ariz. | 54.14 | 51.86 | 104,104 | 72,013 | 44.56 | 1,746,932 |
First National Bank Group Edinburg, Tex. | 54.14 | 53.33 | 44,553 | 35,385 | 25.91 | 2,232,378 | |
119 | Porter Bancorp Inc. Shepherdsville, Ky. | 54.18 | 55.66 | 16,570 | 15,601 | 6.21 | 767,074 |
120 | Stockman Financial Corp. Miles City, Mont. | 54.38 | 56.72 | 22,630 | 20,122 | 12.46 | 926,179 |
121 | Wilber Corp. Oneonta, N.Y. | 54.39 | 52.47 | 16,639 | 15,960 | 4.25 | 729,023 |
Fulton Financial Corp. Lancaster, Pa. | 54.39 | 52.86 | 234,176 | 225,536 | 3.83 | 9,772,506 | |
123 | IberiaBank Corp. Lafayette, La. | 54.40 | 55.24 | 50,460 | 43,043 | 17.23 | 2,115,811 |
124 | FirstMerit Corp. Akron | 54.43 | 47.66 | 327,032 | 287,110 | 13.90 | 10,476,604 |
125 | Hibernia Corp. New Orleans | 54.58 | 53.48 | 565,226 | 541,719 | 4.34 | 18,560,442 |
126 | Southwest Bancorp Inc. Stillwater, Okla. | 54.59 | 56.57 | 38,448 | 33,444 | 14.96 | 1,578,539 |
127 | Franklin Financial Corp. Tenn. | 54.60 | 50.46 | 20,445 | 20,656 | -1.02 | 952,989 |
128 | Northrim Bancorp Inc. Anchorage | 54.62 | 57.54 | 24,780 | 23,074 | 7.39 | 738,569 |
129 | First Busey Corp. Urbana, Ill. | 54.64 | 56.86 | 39,969 | 38,926 | 2.68 | 1,522,084 |
130 | Farmers National Banc Corp. Canfield, Ohio | 54.66 | 57.66 | 18,372 | 17,564 | 4.60 | 813,211 |
131 | American State Finance Corp. Lubbock, Tex. | 54.72 | 53.65 | 42,576 | 39,907 | 6.69 | 1,701,179 |
132 | Banknorth Group Inc. Portland, Maine | 54.75 | 54.23 | 642,889 | 580,995 | 10.65 | 26,461,796 |
133 | First Co. Bancorp Inc. Collinsville, Ill. | 54.82 | 51.44 | 17,163 | 14,188 | 20.97 | 715,117 |
134 | Harleysville National Corp. Pa. | 54.83 | 52.69 | 59,629 | 56,297 | 5.92 | 2,510,939 |
135 | Lone Star National Bancshares of Texas Pharr | 54.84 | 51.82 | 18,069 | 13,065 | 38.30 | 837,599 |
136 | First Federal Financial Corp. Elizabethtown, Ky. | 54.91 | NA | 17,283 | NA | NA | 679,795 |
Interchange Financial Services Saddle Brook, N.J. | 54.91 | 55.83 | 31,240 | 25,626 | 21.91 | 1,385,872 | |
138 | RCB Holding Co. Inc. Claremore, Okla. | 54.97 | 52.14 | 17,995 | 17,281 | 4.13 | 658,642 |
139 | PrivateBancorp Inc. Chicago | 54.98 | 58.19 | 40,144 | 29,446 | 36.33 | 1,984,923 |
140 | Pinnacle Bancorp Inc. Central City, Neb. | 55.03 | 56.19 | 96,611 | 91,997 | 5.02 | 3,372,997 |
141 | First Community Bancshares Bluefield, Va. | 55.07 | 53.11 | 50,537 | 48,779 | 3.60 | 1,672,915 |
142 | Sterling Bancorp New York | 55.09 | 56.86 | 58,636 | 58,796 | -0.27 | 1,758,746 |
143 | Banc Corp. Birmingham, Ala. | 55.11 | 65.41 | 57,930 | 42,465 | 36.42 | 1,171,626 |
Main Street Banks Inc. Kennesaw, Ga. | 55.11 | 53.65 | 52,942 | 39,873 | 32.78 | 1,973,451 | |
145 | Hills Bancorp. Hills, Iowa | 55.17 | 54.45 | 28,499 | 24,300 | 17.28 | 1,183,223 |
146 | NEB Corp. Fond du Lac, Wis. | 55.25 | 49.42 | 26,932 | 23,032 | 16.93 | 981,680 |
147 | Compass Bancshares Birmingham, Ala. | 55.36 | 54.67 | 795,788 | 740,246 | 7.50 | 27,032,300 |
148 | Fishback Financial Corp Brookings, S.D. | 55.43 | 77.03 | 28,050 | 38,465 | -27.08 | 800,046 |
149 | Exchange National Bankshares Inc. Jefferson City, Mo. | 55.45 | 57.41 | 18,624 | 17,702 | 5.21 | 874,967 |
150 | Republic Bancorp Inc. Louisville, Ky. | 55.51 | 61.56 | 62,813 | 53,803 | 16.75 | 2,131,194 |
Note: Consolidated data from Y9-C reports. *Noninterest expense divided by (total income minus interest expense)
Source: Highline Banking Data Services, formally Sheshunoff Information Services (877-299-9424)
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