Most Efficient Bank Holding Companies

August 31, 2006, 10:08 a.m. EDT 1 Min Read

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Most Efficient Bank Holding Companies
In the first quarter of 2006. Among the largest 500. Dollars in thousands Published August 31, 2006
Related Table: Most Improved in Efficiency and Noninterest Expense
Rank		Efficiency ratio*		Noninterest expense			Mar. 31 Assets
Rank		1Q 2006	Year earlier	1Q 2006	Year earlier	Change	Mar. 31 Assets
1	Intervest Bancshares Corp. New York	19.19%	25.91%	$2,796	$2,374	0.20%	$1,790,524
2	Corus Bankshares Inc. Chicago	19.49	25.80	17,138	14,372	0.2	9,232,474
3	Amboy Bancorp. Old Bridge, N.J.	21.67	30.04	7,518	8,235	-0.1	2,662,454
4	W Holding Co. Inc. Mayaguez, Puerto Rico	23.18	23.36	28,964	24,429	0.2	16,714,151
5	Florida Community Banks Inc. Immokalee	26.94	30.48	3,478	2,885	0.2	993,168
6	SBC Inc. Countryside, Ill.	29.63	30.06	4,219	3,521	0.2	1,074,744
7	First Financial Holdings MHC Renton, Wash.	31.45	21.16	1,690	960	0.8	913,945
8	Stearns Financial Services Inc. St. Cloud, Minn.	31.89	34.58	8,971	8,017	0.1	1,464,804
9	First Mutual Bancorp of Illinois Inc. Harvey	32.72	50.19	3,886	2,804	0.4	933,840
10	Hillcrest Bancshares Inc. Overland Park, Kan.	33.11	38.52	5,039	4,694	0.1	1,386,213
11	Cathay General Bancorp Inc. Los Angeles	33.88	32.81	25,326	22,986	0.1	6,881,214
12	New York Community Bancorp Inc. Westbury	34.22	24.91	58,466	53,402	0.1	27,139,292
13	Westamerica Bancorp. San Rafael, Calif.	36.37	36.85	25,483	25,140	NM	5,061,651
14	Hanmi Financial Corp. Los Angeles	37.30	42.57	17,407	17,595	NM	3,514,960
15	First Regional Bancorp Century City, Calif.	37.66	43.53	10,441	8,106	0.3	1,923,602
16	Northern Empire Bancshares Santa Rosa, Calif.	38.64	38.30	5,017	4,607	0.1	1,289,177
17	Wilshire Bancorp Inc. Los Angeles	38.95	42.19	8,975	7,837	0.1	1,738,608
18	New Frontier Bancorp Greeley, Colo.	39.10	48.92	3,639	2,786	0.3	873,108
19	Frontier Financial Corp. Everett, Wash.	39.49	43.61	16,964	13,673	0.2	3,016,839
20	East West Bancorp Inc. Pasadena, Calif.	39.56	40.00	37,479	27,858	0.3	9,286,473
21	ANB Bancshares Inc. Bentonville, Ark.	41.24	46.15	6,501	4,732	0.4	1,071,839
22	Prosperity Bancshares Inc. Houston	41.84	46.81	17,187	15,808	0.1	3,571,564
23	First Indiana Corp. Indianapolis	41.96	68.76	17,055	16,187	0.1	2,035,735
24	United Bankshares Inc. Charleston, W.Va.	42.10	41.50	32,196	28,718	0.1	6,706,832
25	U.S. Bancorp Minneapolis	42.46	39.53	1,505,000	1,334,000	0.1	209,907,000
26	United National Corp. Sioux Falls, S.D.	42.52	38.95	88,443	71,575	0.2	1,265,971
27	United Bancorp. of Wyoming Inc. Jackson	42.63	45.87	6,069	5,735	0.1	1,284,239
28	North Fork Bancorp. Inc. Melville, N.Y.	42.74	36.01	263,664	247,006	0.1	57,705,380
29	First South Bancorp Inc. Washington	42.86	46.80	5,449	5,025	0.1	873,867
30	City National Bancshares Inc. Miami	43.00	44.84	13,567	12,656	0.1	2,872,870
31	Big Sandy Holding Co. Longmont, Colo.	43.20	41.13	4,731	3,484	0.4	894,902
32	Royal Bancshares of Pennsylvania Inc. Narberth	43.33	50.46	6,191	6,181	NM	1,316,814
33	Ocean Bankshares Inc. Miami	43.45	45.76	30,655	26,364	0.2	5,853,259
34	Pacific Capital Bancorp Santa Barbara, Calif.	43.64	28.34	123,014	53,950	1.3	6,970,136
35	Orion Bancorp Inc. Naples, Fla.	43.94	49.87	9,451	7,913	0.2	1,947,600
36	West Bancorp. Inc. West Des Moines, Iowa	43.95	35.76	6,324	4,589	0.4	1,296,963
37	NEB Corp. Fond du Lac, Wis.	44.01	49.02	7,530	6,431	0.2	1,222,491
38	Republic Bancorp Inc. Owosso, Mich.	44.40	45.45	20,972	22,872	-0.1	6,243,670
39	S&T Bancorp Inc. Indiana, Pa.	44.63	44.49	16,975	15,905	0.1	3,235,551
40	Lauritzen Corp. Omaha	44.73	41.54	14,508	12,289	0.2	1,238,424
41	Olney Bancshares of Texas Inc. Olney	45.03	48.65	6,328	3,368	0.9	974,811
42	City Holding Co. Charleston, W.Va.	45.14	47.02	17,478	16,004	0.1	2,536,937
43	First Community Bancorp Rancho Santa Fe, Calif.	45.34	49.79	26,455	20,605	0.3	3,676,903
44	HSBC North America Holdings Inc. Prospect Heights, Ill.	45.42	46.62	2,684,083	2,469,132	0.1	441,995,858
45	Cascade Bancorp Bend, Ore.	45.56	50.99	9,261	8,299	0.1	1,353,206
46	Integrity Bancshares Inc. Alpharetta, Ga.	45.70	47.60	4,096	2,525	0.6	882,746
47	Silver State Bancorp Henderson, Nev.	45.82	40.64	6,316	4,053	0.6	874,065
48	Nara Bancorp Inc. Los Angeles	45.87	47.00	13,209	10,671	0.2	1,911,309
48	Virginia Commerce Bancorp Inc. Arlington	45.87	46.76	8,193	6,514	0.3	1,678,432
50	Community Bancorp Las Vegas	46.01	50.31	5,668	3,637	0.6	960,192
51	Georgian Bancorp. Inc. Atlanta	46.14	47.87	5,627	3,296	0.7	1,245,757
52	Valley View Bancshares Inc. Overland Park, Kan.	46.32	46.60	13,903	13,258	0	2,492,759
53	Parkway Bancorp Inc. Harwood Heights, Ill.	46.60	48.67	7,270	7,308	0	1,723,192
54	Bank of America Corp. Charlotte	46.72	48.34	8,920,126	7,062,307	0.3	1,375,923,314
55	Oriental Financial Group Inc. San Juan, Puerto Rico	46.87	42.67	14,883	15,472	NM	4,561,414
56	Chambers Bancshares Inc. Danville, Ark.	47.06	45.33	4,749	4,145	0.1	831,212
57	Ames National Corp. Iowa	47.12	45.08	3,895	3,807	NM	834,958
58	Porter Bancorp Inc. Louisville	47.26	47.65	5,010	4,820	NM	992,245
59	Mercantile Bankshares Corp. Baltimore	47.29	48.53	106,715	100,153	0.1	16,783,227
59	CVB Financial Corp. Ontario, Calif.	47.29	46.65	28,121	25,594	0.1	5,527,914
61	Mercantile Bank Corp. Grand Rapids	47.47	48.58	8,005	6,871	0.2	1,896,988
62	Commercial Bankshares Inc. Miami	47.75	54.17	4,524	4,900	-0.1	1,046,124
63	Bank of the Ozarks Inc. Little Rock	47.97	43.66	11,160	9,495	0.2	2,238,465
64	Great Southern Bancorp Inc. Springfield, Mo.	48.13	49.45	11,857	10,577	0.1	2,191,295
65	INB Financial Corp. McAllen, Tex.	48.32	44.34	7,095	5,190	0.4	1,127,995
66	Republic First Bancorp Inc. Philadelphia	48.35	53.11	5,041	4,472	0.1	864,355
67	First Bank Corp Fort Smith, Ark.	48.36	53.52	9,447	9,148	NM	1,318,727
68	Texas Regional Bancshares Inc. McAllen	48.52	47.08	41,913	41,143	NM	6,633,994
69	Stockman Financial Corp. Miles City, Mont.	48.53	46.51	7,048	5,686	0.2	1,133,283
70	Crews Banking Corp. Wauchula, Fla.	48.56	50.87	6,951	6,457	0.1	1,061,887
71	U.S.B. Holding Co. Inc. Orangeburg, N.Y.	48.96	52.12	12,968	13,494	NM	2,799,686
72	Horizon Financial Corp. Bellingham, Wash.	49.05	52.53	6,682	5,642	0.2	1,116,727
73	First National Community Bancorp Inc. Dunmore, Pa.	49.21	52.95	4,928	4,523	0.1	1,020,891
74	Central Pacific Financial Corp. Honolulu	49.26	53.38	32,712	30,330	0.1	5,249,157
75	Bank of Granite Corp. N.C.	49.27	53.45	8,184	7,437	0.1	1,152,099
76	Valley National Bancorp Wayne, N.J.	49.37	45.82	60,762	55,747	0.1	12,317,577
77	Park National Corp. Newark, Ohio	49.57	48.76	35,012	34,404	NM	5,444,445
78	Stark Bank Group Ltd. Fort Dodge, Iowa	49.80	55.77	6,898	5,638	0.2	1,190,895
79	American National Corp. Omaha	49.82	47.18	9,096	8,075	0.1	1,551,908
80	Southwest Bancorp Inc. Stillwater, Okla.	50.02	49.07	13,327	12,251	0.1	2,144,496
81	Associated Banc-Corp Green Bay, Wis.	50.08	48.97	123,471	121,242	NM	21,559,652
82	Capital One Financial Corp. McLean, Va.	50.14	55.39	1,564,686	1,312,493	0.2	89,273,079
83	Villages Bancorp. Inc. The Villages, Fla.	50.33	49.74	4,381	3,490	0.3	869,103
84	National Bankshares Inc. Blacksburg, Va.	50.50	50.79	5,481	5,657	NM	847,956
85	Lone Star National Bancshares Pharr, Tex.	50.51	49.04	7,548	6,133	0.2	1,405,159
86	Chinatrust Capital Corp. Torrance, Calif.	50.54	53.45	10,739	8,996	0.2	2,158,331
87	Inwood Bancshares Inc. Dallas	50.82	61.75	6,694	6,662	NM	1,147,630
88	Citizens Financial Group Inc. Providence, R.I.	50.96	55.88	767,383	821,861	-0.1	160,118,112
89	NSB Holding Corp. Staten Island, N.Y.	51.12	44.48	5,639	5,293	0.1	1,375,988
90	Smithtown Bancorp Inc. Hauppauge, N.Y.	51.28	57.54	5,983	5,301	0.1	927,595
91	First Midwest Bancorp Inc. Itasca, Ill.	51.43	50.00	43,416	39,770	0.1	8,729,581
92	ITLA Capital Corp. La Jolla, Calif.	51.59	50.74	12,228	11,299	0.1	3,165,160
93	BB&T Corp. Winston-Salem, N.C.	51.65	50.49	814,103	727,852	0.1	110,033,689
94	Sierra Bancorp Porterville, Calif.	51.68	60.32	8,508	9,003	-0.1	1,102,230
95	UCBH Holdings Inc. San Francisco	51.73	41.66	43,027	27,216	0.6	7,986,840
96	M&T Bank Corp. Buffalo	51.80	50.99	373,759	358,479	NM	55,419,862
97	1867 Western Financial Corp. Stockton, Calif.	51.83	64.16	13,759	14,768	-0.1	1,841,836
98	First National Lincoln Corp. Damariscotta, Maine	51.87	51.25	5,415	4,847	0.1	1,060,372
99	Flag Financial Corp. Atlanta	51.89	72.53	10,802	8,085	0.3	1,770,897
100	Hudson Valley Holding Corp. Yonkers, N.Y.	51.94	45.18	14,812	10,545	0.4	2,197,673
101	Suffolk Bancorp Riverhead, N.Y.	52.09	51.53	9,861	9,294	0.1	1,423,132
101	Bridgeview Bancorp Inc. Chicago	52.09	52.36	8,331	7,844	0.1	1,400,726
103	Pacific Continental Corp. Eugene, Ore.	52.11	54.95	5,363	4,325	0.2	808,498
104	Taylor Capital Group Inc. Rosemont, Ill.	52.13	48.90	17,816	16,912	0.1	3,251,004
105	Colonial BancGroup Inc. Montgomery, Ala.	52.14	56.34	125,597	116,466	0.1	21,972,081
106	PrivateBancorp Inc. Chicago	52.18	47.98	17,558	12,583	0.4	3,670,506
107	Camden National Corp. Maine	52.27	49.48	9,212	7,888	0.2	1,736,627
108	Stockmen's Bancorp Inc. Kingman, Ariz.	52.37	56.64	6,998	6,386	0.1	1,202,031
109	Beverly Hills Bancorp Inc. Calabasas, Calif.	52.46	NA	4,845	NA	NA	1,391,226
110	AmSouth Bancorp. Birmingham, Ala.	52.48	52.72	329,953	319,780	NM	52,867,798
111	MBT Financial Corp. Monroe, Mich.	52.67	52.77	8,539	8,748	NM	1,615,099
112	Glacier Bancorp Inc. Kalispell, Mont.	52.91	49.53	27,075	20,457	0.3	3,800,150
113	American State Financial Corp. Lubbock	52.94	51.81	12,630	11,317	0.1	2,082,054
114	First Financial Bankshares Inc. Abilene, Tex.	52.96	49.32	20,511	18,542	0.1	2,758,114
115	First Bancorp Inc. Lebanon, Va.	53.09	52.22	5,190	4,664	0.1	812,754
116	FirstBank Holding Co. Lakewood, Colo.	53.11	49.67	46,505	45,091	NM	7,599,383
117	Harleysville National Corp. Pa.	53.17	52.69	17,125	15,503	0.1	3,201,693
117	Shore Bancshares Inc. Easton, Md.	53.17	54.17	7,079	6,282	0.1	855,422
119	American Chartered Bancorp Inc. Schaumburg, Ill.	53.20	53.27	10,927	9,359	0.2	2,076,150
120	Macon Bancorp Franklin, N.C.	53.25	55.02	5,092	4,620	0.1	912,264
121	Bank of Hawaii Corp. Honolulu	53.31	52.09	84,459	83,131	NM	10,528,060
122	Minnwest Corp. Minnetonka, Minn.	53.40	48.83	7,171	6,018	0.2	1,194,017
123	Dickinson Financial Corp. II Kansas City, Mo.	53.47	56.61	41,202	34,879	0.2	4,163,926
123	PAB Bankshares Inc. Valdosta, Ga.	53.47	57.19	6,745	5,753	0.2	1,059,167
125	City National Corp. Beverly Hills	53.49	52.54	114,095	106,504	0.1	14,746,364
126	First Olathe Bancshares Inc. Overland Park, Kan.	53.53	56.68	8,477	7,857	0.1	1,418,324
126	Cascade Financial Corp. Everett, Wash.	53.53	54.14	5,801	5,753	NM	1,246,509
128	Farmers and Merchants Bancorp Lodi, Calif.	53.54	55.89	10,514	9,403	0.1	1,327,557
129	First Citizens Financial Corp. Mason City, Iowa	53.72	48.32	4,265	3,624	0.2	895,078
130	Sky Financial Group Inc. Bowling Green, Ohio	53.85	54.20	106,291	98,625	0.1	15,658,551
131	Fifth Third Bancorp Cincinnati	53.92	51.24	730,829	704,296	NM	105,044,474
132	Amarillo National Bancorp Inc. Tex.	53.95	58.89	13,061	12,489	0.1	1,909,042
133	Community Banks Inc. Harrisburg, Pa.	54.01	58.65	20,691	12,700	0.6	3,421,562
134	Columbia Bancorp The Dalles, Ore.	54.17	54.21	7,762	6,485	0.2	859,383
135	Hills Bancorp. Iowa	54.22	54.44	8,043	7,636	0.1	1,472,255
136	Intrust Financial Corp. Wichita	54.51	63.66	25,611	24,870	NM	3,060,446
137	NewMil Bancorp Inc. New Milford, Conn.	54.59	54.42	4,306	4,254	NM	877,862
138	Center Financial Corp. Los Angeles	54.75	47.30	12,152	9,183	0.3	1,692,652
139	Republic Bancorp Inc. Louisville	54.86	44.55	19,864	17,804	0.1	2,740,665
140	Compass Bancshares Inc. Birmingham, Ala.	54.98	56.22	244,184	221,624	0.1	32,908,068
141	Independent Alliance Banks Inc. Fort Wayne, Ind.	54.99	50.40	4,667	2,571	0.8	835,846
142	Wilson Bank Holding Co. Lebanon, Tenn.	55.04	55.02	6,898	5,828	0.2	1,108,612
143	Midwest Banc Holdings Inc. Melrose Park, Ill.	55.05	64.79	11,885	12,188	NM	2,336,448
143	Lakeland Financial Corp. Warsaw, Ind.	55.05	57.07	9,746	9,358	NM	1,645,506
145	BancWest Corp. Honolulu	55.07	54.59	364,522	292,092	0.3	65,708,901
146	W.T.B. Financial Corp. Spokane	55.07	58.86	22,651	20,875	0.1	3,008,321
147	First Community Bancshares Inc. Bluefield, Va.	55.08	55.54	13,335	12,627	0.1	1,987,659
148	First Busey Corp. Urbana, Ill.	55.24	50.26	14,143	11,249	0.3	2,273,066
149	FNB Corp. Christiansburg, Va.	55.25	55.06	9,784	9,463	NM	1,486,690
150	Provident Financial Services Inc. Jersey City	55.39	53.84	30,169	31,220	NM	5,949,445

Note: Only bank holding companies that file a Y-9C statement with the Fed are included. Excludes thrift holding companies, and bank holding companies owned by foreign holding companies. * Noninterest expense divided by (total income minus interest expense) NM = not meaningful.

Source: SNL Financial LC, Charlottesville, Va. (www.snl.com)