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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

September 22, 2005, 10:08 a.m. EDT 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding Companies
In the first quarter of 2005, among the largest 500. Dollars in thousands
Published September 22, 2005
Related Table: Most Improved in Efficiency and Noninterest Expense
Rank   Efficiency ratio* Noninterest expense March 31
assets
1Q 2005 Year earlier 1Q 2005 Year earlier Change
1 First Financial Holdings Renton, Wash. 19.09% 18.40% $960 $837 14.70% $777,698
2 Intervest Bancshares Corp. New York 25.91 24.47 2,374 1,918 23.77 1,427,439
3 Corus Bankshares Inc. Chicago 26.1 34.23 14,372 14,171 1.42 5,597,947
4 W Holding Co. Inc. Mayaguez, Puerto Rico 27.47 30.05 24,429 23,495 3.98 15,017,582
5 New York Community Bancorp Inc. Westbury 28.03 20.65 53,402 49,786 7.26 24,615,130
6 Pacific Capital Bancorp Santa Barbara, Calif. 28.46 38.07 53,950 47,257 14.16 6,187,760
7 SBC Inc. Countryside, Ill. 30.06 32.65 3,521 3,095 13.76 957,332
8 Amboy Bancorp. Old Bridge, N.J. 30.11 26.69 8,235 6,316 30.38 2,451,209
9 Florida Community Banks Inc. Immokalee 30.47 37.4 2,885 2,848 1.3 727,452
10 Bank of Highland Park Financial Ill. 33.25 33.36 1,912 1,944 -1.65 760,944
11 Stearns Financial Services St. Cloud, Minn. 34.99 41.76 8,017 7,717 3.89 1,351,508
12 Cathay General Bancorp Los Angeles 35.51 41.19 22,986 22,855 0.57 6,165,829
13 West Bancorp. Inc. West Des Moines 36.23 38.04 4,589 4,300 6.72 1,165,395
14 Westamerica Bancorp. San Rafael, Calif. 37.68 41.24 25,140 26,806 -6.22 5,197,401
15 North Fork Bancorp. Melville, N.Y. 37.79 35.94 247,006 87,429 182.52 60,780,400
16 Northern Empire Bancshares Santa Rosa, Calif. 38.3 37.77 4,607 3,752 22.79 1,137,472
17 United National Corp. Sioux Falls, S.D. 38.95 42.09 71,575 63,620 12.5 1,113,736
18 Hillcrest Bancshares Inc. Overland Park, Kan. 39.24 48.24 4,694 4,964 -5.44 1,143,502
19 Silver State Bancorp Henderson, Nev. 40.64 64.18 4,053 3,765 7.65 730,134
20 East West Bancorp Inc. San Marino, Calif. 41.09 42.17 27,858 20,851 33.61 6,367,994
21 Big Sandy Holding Co. Limon, Colo. 41.45 40.77 3,484 2,148 62.2 743,360
22 Lauritzen Corp. Omaha 41.59 39.46 12,289 9,566 28.47 1,203,482
23 U.S. Bancorp Minneapolis 41.72 47.01 1,334,000 1,458,500 -8.54 198,466,000
24 UCBH Holdings Inc. San Francisco 42.17 42.5 27,216 22,813 19.3 6,492,982
25 Wilshire Bancorp Inc. Los Angeles 42.19 NA 7,837 NA NA 1,377,292
26 Delta Bancshares Co. St. Louis 42.56 46.18 2,474 2,531 -2.25 754,111
27 United Bankshares Inc. Charleston, W.Va. 43.42 50.92 28,718 37,024 -22.43 6,311,308
28 First Regional Bancorp. Los Angeles 43.53 64.99 8,106 6,832 18.65 1,365,143
29 Frontier Financial Corp. Everett, Wash. 43.63 43.28 13,673 12,167 12.38 2,397,251
30 First Bancorp San Juan, Puerto Rico 43.72 41.38 52,302 43,244 20.95 17,383,906
31 R&G Financial Corp. San Juan, Puerto Rico 43.94 42.82 52,624 44,812 17.43 11,388,114
32 Bank of The Ozarks Inc. Little Rock 44.03 45.44 9,495 8,384 13.25 1,797,468
33 INB Financial Corp. McAllen, Tex. 44.32 43.93 5,190 4,236 22.52 954,968
34 Hanmi Financial Corp. Los Angeles 44.43 46.85 17,595 10,348 70.03 3,138,366
35 Republic Bancorp Inc. Louisville, Ky. 44.54 48.71 17,804 17,977 -0.96 2,662,771
36 City National Bancshares Miami 44.84 43.5 12,656 11,809 7.17 2,707,127
37 S&T Bancorp Inc. Indiana, Pa. 45.05 43.83 15,905 14,755 7.79 3,012,029
38 NSB Holding Corp. Staten Island, N.Y. 45.14 43.24 5,293 5,053 4.75 1,545,852
39 Chambers Bancshares Inc. Danville, Ark. 45.6 47.3 4,145 4,039 2.62 689,465
40 Ames National Corp. Ames, Iowa 45.63 44.38 3,807 3,653 4.22 866,043
41 Central Coast Bancorp Salinas, Calif. 45.66 52.03 6,697 6,032 11.02 1,168,457
42 Ocean Bankshares Inc. Miami 45.76 44.91 26,364 24,668 6.88 4,762,374
43 Hudson Valley Holding Corp. Yonkers, N.Y. 45.78 46.92 10,545 8,849 19.17 1,898,214
44 Republic Bancorp Inc. Owosso, Mich. 45.84 44.65 22,872 21,022 8.8 5,923,692
45 United Bancorp. of Wyoming Jackson 45.88 51.63 5,735 5,189 10.52 1,033,384
46 CVB Financial Corp. Ontario, Calif. 46.18 49.82 25,594 23,237 10.14 4,831,993
47 Stockman Financial Corp. Miles City, Mont. 46.61 56.5 5,686 5,727 -0.72 990,312
48 Virginia Commerce Bancorp Arlington 46.65 49.26 6,514 5,047 29.07 1,244,459
49 Valley View Bancshares Inc. Overland Park, Kan. 46.76 48.33 13,258 13,135 0.94 2,428,874
50 First South Bancorp Inc. Washington, N.C. 46.88 52.94 5,025 4,892 2.72 772,367
51 City Holding Co. Charleston, W.Va. 47.09 50.55 16,004 16,426 -2.57 2,244,289
52 Villages Bancorp. Inc. Lady Lake, Fla. 47.45 51.38 3,490 3,000 16.33 732,115
53 ANB Bancshares Inc. Rogers, Ark. 47.62 54.2 4,732 4,295 10.17 696,753
54 Porter Bancorp Inc. Shepherdsville, Ky. 47.82 54.27 4,820 4,297 12.17 921,730
55 Georgian Bancorp. Inc. Powder Springs, Ga. 47.87 58.98 3,296 1,922 71.49 859,709
56 PrivateBancorp Inc. Chicago 47.89 50.99 12,583 10,539 19.39 2,601,690
57 Center Financial Corp. Los Angeles 48.14 53.59 9,183 7,274 26.24 1,388,590
58 American National Corp. Omaha 48.25 51.32 8,075 8,167 -1.13 1,447,856
59 Mercantile Bank Corp. Wyoming, Mich. 48.37 48.05 6,871 5,156 33.26 1,664,876
60 Parkway Bancorp Inc. Harwood Heights, Ill. 48.69 46.21 7,308 7,220 1.22 1,601,593
61 Nara Bancorp Inc. Los Angeles 48.72 57.27 10,671 10,889 -2 1,589,117
62 Lone Star National Bancshares of Texas Pharr 48.77 56.56 6,133 5,227 17.33 1,132,772
63 Hometown Community Bancorp Morton, Ill. 48.91 53.44 3,694 3,650 1.21 1,106,414
64 Taylor Capital Group Inc. Rosemont, Ill. 48.93 68.17 16,912 19,916 -15.08 2,944,166
65 Valley National Bancorp Wayne, N.J. 48.95 47.77 55,747 53,082 5.02 11,407,946
66 Southwest Bancorp Inc. Stillwater, Okla. 49.08 55.82 12,251 10,514 16.52 1,992,520
67 FSB Mutual Holdings Inc. Perkasie, Pa. 49.11 NA 3,258 NA NA 939,763
68 Prosperity Bancshares Inc. Houston 49.25 48.1 15,808 12,427 27.21 3,487,433
69 Texas Regional Bancshares McAllen 49.31 47.35 41,143 27,009 52.33 6,089,473
70 First Citizens Financial Corp. Mason City, Iowa 49.34 48.72 3,624 3,594 0.83 797,036
71 First Financial Bankshares Inc. Abilene, Tex. 49.46 50.33 18,542 15,890 16.69 2,408,341
72 Great Southern Bancorp Inc. Springfield, Mo. 49.53 46.63 10,577 9,321 13.47 1,910,419
73 Minnwest Corp. Minnetonka, Minn. 49.57 49.49 6,018 5,370 12.07 1,037,281
74 FirstBank Holding Co. Lakewood, Colo. 49.59 49.81 45,091 41,401 8.91 7,100,723
75 Mercantile Bankshares Corp. Baltimore 49.64 50.49 100,153 93,386 7.25 14,627,833
  Park National Corp. Newark, Ohio 49.64 47.53 34,404 31,525 9.13 5,676,842
77 Berkshire Bancorp Inc. New York 49.77 47.45 3,193 2,962 7.8 1,016,329
78 Orion Bancorp Inc. Naples, Fla. 49.83 52.91 7,913 6,020 31.45 1,336,479
79 International Bancshares Corp. Laredo, Tex. 49.96 50.61 60,138 37,687 59.57 10,277,394
  Associated Banc-Corp Green Bay, Wis. 49.96 48.57 121,242 86,883 39.55 20,554,473
81 NEB Corp. Fond Du Lac, Wis. 49.97 70.01 6,431 8,158 -21.17 1,018,779
82 Glacier Bancorp Inc. Kalispell, Mont. 50.17 50.15 20,457 18,289 11.85 3,306,440
83 Security National Corp. Sioux City, Iowa 50.18 52.24 5,208 5,492 -5.17 826,384
84 Bank of America Corp. Charlotte, N.C. 50.19 57.55 7,062,307 5,430,490 30.05 1,213,701,989
85 Royal Bancshares of Pennsylvania Inc. Narberth 50.59 43.89 6,181 6,062 1.96 1,231,039
86 ITLA Capital Corp. La Jolla, Calif. 50.74 32.89 11,299 11,725 -3.63 2,444,220
87 First Midwest Bancorp Inc. Itasca, Ill. 50.76 52.29 39,770 40,200 -1.07 6,914,763
88 Camden National Corp. Maine 50.91 53.51 7,888 8,033 -1.81 1,545,054
89 First Busey Corp. Urbana, Ill. 51.18 52.17 11,249 9,459 18.92 1,981,130
90 Cascade Bancorp Bend, Ore. 51.37 56.39 8,299 7,398 12.18 1,063,768
91 First National Lincoln Corp. Damariscotta, Maine 51.49 49.72 4,847 3,124 55.15 919,799
92 Suffolk Bancorp Riverhead, N.Y. 51.51 52.1 9,294 9,120 1.91 1,370,919
93 South Financial Group Greenville, S.C. 51.57 54.97 66,510 57,271 16.13 14,688,100
94 Boiling Springs MHC Rutherford, N.J. 51.8 55.54 4,975 4,889 1.76 1,138,345
95 Harleysville Savings Financial Corp. Pa. 52.1 52.48 2,005 1,880 6.65 748,438
96 Fifth Third Bancorp Cincinnati 52.14 48.37 704,296 662,984 6.23 102,712,960
97 Crews Banking Corp. Wauchula, Fla. 52.2 57.39 6,457 5,636 14.57 1,038,371
98 Main Street Banks Inc. Kennesaw, Ga. 52.48 56.15 15,511 15,579 -0.44 2,328,239
99 Horizon Financial Corp. Bellingham, Wash. 52.53 48.43 5,642 4,882 15.57 997,570
100 MB Financial Inc. Chicago 52.54 55.9 31,578 29,350 7.59 5,348,074
101 First Bancorp Inc. Lebanon, Va. 52.65 59.91 4,664 4,182 11.53 687,802
102 Harleysville National Corp. Pa. 52.78 51.54 15,503 13,818 12.19 3,003,606
103 MBT Financial Corp. Monroe, Mich. 52.79 47.76 8,748 7,872 11.13 1,551,640
104 RCB Holding Co. Inc. Claremore, Okla. 52.85 53.61 4,649 4,553 2.11 706,499
105 Vineyard National Bancorp Rancho Cucamonga, Calif. 52.88 47.37 8,415 5,927 41.98 1,426,470
106 Bank of Hawaii Corp. Honolulu 52.89 59.68 83,131 92,507 -10.14 9,908,108
107 BB&T Corp. Winston-Salem, N.C. 52.92 56.95 727,852 737,621 -1.32 102,015,086
108 First National Community Bancorp Dunmore, Pa. 52.95 55.56 4,523 4,177 8.28 912,731
109 U.S.B. Holding Co. Inc. Orangeburg, N.Y. 53.35 53.18 13,494 12,003 12.42 2,762,716
110 Durant Bancorp Okla. 53.37 51.03 7,872 6,677 17.9 1,297,264
111 City National Corp. Beverly Hills 53.49 52.69 106,504 94,531 12.67 13,924,783
112 AmSouth Bancorp. Birmingham, Ala. 53.52 56.18 319,780 322,428 -0.82 50,236,482
113 Republic First Bancorp Inc. Philadelphia 53.61 60.81 4,472 4,908 -8.88 726,470
114 Bank of Granite Corp. N.C. 53.69 54.89 7,437 7,331 1.45 1,039,531
115 National Bankshares Inc. Blacksburg, Va. 53.98 50.05 5,657 4,730 19.6 816,988
116 Cascade Financial Corp. Everett, Wash. 54 55.24 5,753 4,608 24.85 1,144,186
  Commercial Bankshares Inc. Miami 54 48.75 4,900 4,127 18.73 931,858
118 Bridgeview Bancorp Inc. Bridgeview, Ill. 54.13 55.94 7,844 7,386 6.2 1,270,122
119 Mid-State Bancshares Arroyo Grande, Calif. 54.16 60.8 18,434 19,840 -7.09 2,322,181
120 Arrow Financial Corp. Glens Falls, N.Y. 54.2 50.91 8,486 8,127 4.42 1,415,966
  Columbia Bancorp The Dalles, Ore. 54.2 59.51 6,485 5,789 12.02 748,887
122 Yardville National Bancorp Hamilton, N.J. 54.25 57.36 11,858 10,288 15.26 2,817,854
123 Hills Bancorp. Hills, Iowa 54.31 57.17 7,636 7,415 2.98 1,329,795
124 First National Bank Group Edinburg, Tex. 54.32 48.01 17,099 12,769 33.91 2,770,931
  Peapack-Gladstone Financial Corp. Gladstone, N.J. 54.32 55.19 6,561 6,044 8.55 1,136,215
126 American State Financial Corp. Lubbock, Tex. 54.37 54.24 11,317 11,152 1.48 1,842,195
127 BOK Financial Corp. Tulsa 54.46 63.02 104,605 108,095 -3.23 15,019,590
128 First Bank Corp. Fort Smith, Ark. 54.52 54.81 9,148 7,976 14.69 1,231,152
129 Hibernia Corp. New Orleans 54.78 56.22 179,766 145,240 23.77 22,233,660
130 Shore Bancshares Inc. Easton, Md. 54.85 55.63 6,282 5,213 20.51 812,491
131 City Bancorp Springfield, Mo. 54.9 67.85 3,577 3,716 -3.74 745,952
132 American Chartered Bancorp Schaumburg, Ill. 54.96 54.06 9,359 7,696 21.61 1,658,282
133 Macon Bancorp Franklin, N.C. 55.03 64.98 4,620 4,461 3.56 810,690
134 Columbia Bancorp Columbia, Md. 55.04 59.65 8,001 7,538 6.14 1,240,496
135 CNB Corp. Conway, S.C. 55.07 55.89 4,598 4,195 9.61 694,600
136 Metropolitan Bank Group Inc. Chicago 55.16 56.68 19,898 16,777 18.6 2,316,732
137 Brand Group Holdings Inc. Lawrenceville, Ga. 55.34 NA 4,786 NA NA 729,819
  EuroBancshares Inc. Hato Rey, Puerto Rico 55.34 59.57 10,820 7,363 46.95 2,120,449
139 Chemical Financial Corp. Midland, Mich. 55.37 54.99 25,349 25,710 -1.4 3,796,890
140 Fulton Financial Corp. Lancaster, Pa. 55.42 56.02 73,731 62,477 18.01 11,418,278
141 Capital One Financial Corp. Mc Lean, Va. 55.46 NA 1,312,493 NA NA 55,631,566
142 Citigroup Inc. New York 55.74 53.83 11,937,000 11,525,000 3.57 1,489,891,000
143 Comerica Inc. Detroit, Mich. 55.78 55.83 374,157 368,876 1.43 54,168,429
144 First of Long Island Corp. Glen Head, N.Y. 55.81 55.58 6,225 6,030 3.23 957,682
145 Oak Hill Financial Inc. Jackson, Ohio 55.87 54.87 6,831 6,424 6.34 1,105,676
146 Central Pacific Financial Honolulu 55.96 52.62 30,330 14,169 114.06 4,781,023
147 Umpqua Holdings Corp. Portland, Ore. 56 60.96 35,495 24,009 47.84 4,995,885
148 NewMil Bancorp Inc. New Milford, Conn. 56.01 60.74 4,254 4,659 -8.69 790,045
149 Wilson Bank Holding Co. Lebanon, Tenn. 56.03 56.34 5,828 5,624 3.63 972,403
150 Univest Corp. of Pennsylvania Souderton 56.13 58.54 11,655 11,653 0.02 1,666,93


Note: Includes only bank holding companies filing Y-9C reports with the Federal Reserve at the highest reporting level. Excludes S&L holding companies and bank holding companies owned by foreign holding companies.
* Noninterest expense divided by (total income minus interest expense)
Source: Highline Banking Data Services (877-305-6657)
© 2005 American Banker

Banks, thrifts and holding companies