Most Efficient Bank Holding Companies

November 21, 2006, 10:08 a.m. EST 1 Min Read

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Most Efficient Bank Holding Companies
In the second quarter of 2006, among the largest 500. Dollars in thousands Published November 21, 2006
Related Table: Most Improved in Efficiency and Noninterest Expense
Rank		Efficiency ratio*		Noninterest expense			June 30, 2006 assets
Rank		2Q 2006	Year earlier	2Q 2006	Year earlier	Change	June 30, 2006 assets
1	Corus Bankshares Inc. Chicago	18.30%	23.64%	$16,407	$14,933	9.90%	$9,571,933
2	Intervest Bancshares Corp. New York	18.58	24.54	2,732	2,749	-0.6	1,791,672
3	W Holding Co. Inc. Mayaguez, Puerto Rico	24.08	23.98	30,002	26,193	14.5	16,667,583
4	Amboy Bancorp. Old Bridge, N.J.	24.76	21.77	7,868	6,146	28.0	2,713,139
5	Florida Community Banks Inc. Immokalee	25.63	29.08	3,725	3,162	17.8	1,027,881
6	SBC Inc. Countryside, Ill.	28.06	27.98	4,404	3,450	27.7	1,099,390
7	Hillcrest Bancshares Inc. Overland Park, Kan.	28.95	33.58	4,876	4,464	9.2	1,424,652
8	Stearns Financial Services Inc. St. Cloud, Minn.	33.08	36.24	9,054	8,374	8.1	1,521,239
9	New Frontier Bancorp Greeley, Colo.	35.12	55.85	3,912	3,525	11.0	961,570
10	Cathay General Bancorp Los Angeles	35.35	35.09	28,788	23,962	20.1	7,457,769
11	Center Financial Corp. Los Angeles	35.88	46.18	8,378	9,691	-13.5	1,651,642
12	Frontier Financial Corp. Everett, Wash.	36.73	40.12	16,182	13,819	17.1	3,099,493
13	Northern Empire Bancshares Santa Rosa, Calif.	36.94	40.10	4,984	4,996	-0.2	1,328,763
14	East West Bancorp Inc. Pasadena, Calif.	37.53	39.66	39,272	29,168	34.6	10,019,569
15	First Financial Holdings MHC Renton, Wash.	37.87	22.99	1,845	986	87.1	952,824
16	First Regional Bancorp Century City, Calif.	38.03	40.84	11,189	8,702	28.6	1,998,164
17	Westamerica Bancorp. San Rafael, Calif.	38.84	35.79	26,346	26,758	-1.5	4,911,961
18	Bank of Highland Park Financial Corp. Ill.	38.84	34.28	2,194	1,957	12.1	917,274
19	Beverly Hills Bancorp Inc. Calabasas, Calif.	39.39	NA	3,520	NA	NA	1,465,557
20	Hanmi Financial Corp. Los Angeles	39.91	36.84	19,395	16,115	20.4	3,624,297
21	North Fork Bancorp. Inc. Melville, N.Y.	40.72	38.06	255,987	249,738	2.5	59,381,835
22	Ocean Bankshares Inc. Miami	41.22	40.96	29,911	26,611	12.4	5,856,502
23	Wilshire Bancorp Inc. Los Angeles	41.26	38.62	10,770	7,563	42.4	1,853,813
24	Orion Bancorp Inc. Naples, Fla.	41.44	35.47	9,716	5,834	66.5	2,092,707
25	West Bancorp. Inc. West Des Moines, Iowa	41.48	35.11	6,175	4,616	33.8	1,347,254
26	Silver State Bancorp Henderson, Nev.	41.70	40.20	6,070	4,355	39.4	953,365
27	U.S. Bancorp Minneapolis	41.80	42.87	1,531,000	1,597,000	-4.1	213,405,000
28	United Bancorp. of Wyoming Inc. Jackson	42.42	45.83	6,548	5,805	12.8	1,290,230
29	Valley View Bancshares Inc. Overland Park, Kan.	42.55	45.05	13,453	13,292	1.2	2,438,123
30	Chinatrust Capital Corp. Torrance, Calif.	42.82	61.21	11,281	10,389	8.6	2,359,911
31	Republic Bancorp Inc. Owosso, Mich.	42.91	43.50	20,077	21,259	-5.6	6,346,590
32	United Bankshares Inc. Charleston, W.Va.	43.03	43.04	32,369	30,617	5.7	6,717,873
33	First South Bancorp Inc. Washington, N.C.	43.14	47.85	5,674	5,247	8.1	901,756
34	INB Financial Corp. McAllen, Tex.	43.40	34.75	6,685	5,500	21.5	1,162,655
35	S&T Bancorp Inc. Indiana, Pa.	43.83	40.83	16,577	15,516	6.8	3,288,860
36	CVB Financial Corp. Ontario, Calif.	44.03	48.66	24,001	26,313	-8.8	5,952,419
37	City Holding Co. Charleston, W.Va.	44.16	46.89	17,667	16,916	4.4	2,521,996
38	Big Sandy Holding Co. Longmont, Colo.	44.21	40.62	5,380	3,744	43.7	1,015,130
39	Virginia Commerce Bancorp Inc. Arlington	44.46	48.12	8,485	7,270	16.7	1,728,667
40	Prosperity Bancshares Inc. Houston	44.62	43.97	21,333	17,782	20.0	4,531,430
41	United National Corp. Sioux Falls, S.D.	44.73	48.07	87,343	82,650	5.7	1,305,016
42	City National Bancshares Inc. Miami	44.73	44.99	13,936	12,706	9.7	2,753,259
43	ANB Bancshares Inc. Rogers, Ark.	44.90	44.74	7,154	5,201	37.6	1,178,763
44	Georgian Bancorp. Inc. Atlanta, Ga.	44.98	43.60	6,125	3,842	59.4	1,361,520
45	Stockman Financial Corp. Miles City, Mont.	45.01	45.56	7,149	5,926	20.6	1,169,143
46	First Mutual Bancorp of Illinois Inc. Harvey	45.26	43.51	4,471	2,809	59.2	1,020,613
47	Bank of the Ozarks Inc. Little Rock	45.56	43.58	11,017	10,009	10.1	2,421,084
48	Integrity Bancshares Inc. Alpharetta, Ga.	45.87	50.73	4,581	3,008	52.3	958,103
49	First Community Bancorp Rancho Santa Fe, Calif.	45.93	48.47	30,250	20,176	49.9	4,564,740
50	Olney Bancshares of Texas Inc.	46.13	48.08	6,426	3,814	68.5	942,383
51	Horizon Financial Corp. Bellingham, Wash.	46.13	50.57	6,551	6,079	7.8	1,190,780
52	Bank of America Corp. Charlotte	46.31	48.40	8,721,101	7,003,935	24.5	1,447,538,298
53	Royal Bancshares of Pennsylvania Inc. Narberth	46.43	47.34	6,421	7,407	-13.3	1,359,218
54	Sierra Bancorp Porterville, Calif.	46.53	56.84	7,860	8,400	-6.4	1,148,504
55	Central Pacific Financial Corp. Honolulu	46.63	45.21	30,567	27,821	9.9	5,290,812
56	ITLA Capital Corp. La Jolla, Calif.	46.85	48.54	11,531	10,981	5.0	3,219,862
57	Inwood Bancshares Inc. Dallas	46.93	46.49	6,790	5,858	15.9	1,172,734
58	Hudson Valley Holding Corp. Yonkers, N.Y.	46.95	43.75	14,055	10,841	29.6	2,189,801
59	Mercantile Bankshares Corp. Baltimore, Md.	47.08	47.54	109,422	103,913	5.3	17,002,714
60	PrivateBancorp Inc. Chicago	47.13	48.69	18,933	12,899	46.8	3,650,855
61	American National Corp. Omaha	47.22	44.31	9,481	9,654	-1.8	1,592,756
62	Parkway Bancorp Inc. Harwood Heights, Ill.	47.26	44.72	7,872	7,957	-1.1	1,812,549
63	Minnwest Corp. Minnetonka, Minn.	47.38	49.01	6,682	6,274	6.5	1,251,469
64	NEB Corp. Fond Du Lac, Wis.	47.60	48.55	7,607	6,919	9.9	1,198,726
65	First Bank Corp Fort Smith, Ark.	47.63	51.50	9,530	8,900	7.1	1,322,146
66	Commercial Bankshares Inc. Miami	47.67	46.30	4,582	4,289	6.8	1,056,339
67	Mercantile Bank Corp. Grand Rapids, Mich.	47.79	47.46	8,134	7,174	13.4	1,969,488
68	Cascade Bancorp Bend, Ore.	47.87	50.40	14,556	8,851	64.5	2,150,549
69	First Fidelity Bancorp Inc. Oklahoma City	48.11	64.28	7,646	5,919	29.2	885,669
70	First National Community Bancorp Inc. Dunmore, Pa.	48.27	51.11	5,009	4,610	8.7	1,046,564
71	Porter Bancorp Inc. Louisville, Ky.	48.33	48.38	5,277	5,032	4.9	1,013,372
72	First National Lincoln Corp. Damariscotta, Maine	48.36	53.54	5,071	5,666	-10.5	1,100,583
73	Park National Corp. Newark, Ohio	48.37	47.09	34,856	34,334	1.5	5,412,447
74	1867 Western Financial Corp. Stockton, Calif.	48.42	67.35	13,921	16,930	-17.8	1,825,983
75	Smithtown Bancorp Inc. Hauppauge, N.Y.	48.57	54.06	6,042	5,295	14.1	976,186
76	Great Southern Bancorp Inc. Springfield, Mo.	48.63	48.14	12,164	10,774	12.9	2,244,942
77	National Bankshares Inc. Blacksburg, Va.	48.75	49.39	5,405	5,573	-3.0	843,407
78	Bank of Granite Corp. Granite Falls, N.C.	48.80	53.11	8,629	8,123	6.2	1,178,019
79	Associated Banc-Corp Green Bay, Wis.	48.84	48.93	124,660	116,334	7.2	21,140,495
80	Community Bancorp Las Vegas	48.88	58.78	6,527	4,641	40.6	1,009,513
81	UCBH Holdings Inc. San Francisco	49.11	45.68	38,643	31,289	23.5	8,291,093
82	Chambers Bancshares Inc. Danville, Ark.	49.23	50.14	4,851	4,494	7.9	863,358
83	Brand Group Holdings Inc. Lawrenceville, Ga.	49.79	51.89	5,389	4,671	15.4	806,275
84	Dickinson Financial Corp. II Kansas City, Mo.	49.83	55.71	41,650	36,827	13.1	4,256,822
85	U.S.B. Holding Co. Inc. Orangeburg, N.Y.	49.95	47.98	12,790	12,923	-1.0	2,820,286
86	RCB Holding Co. Inc. Claremore, Okla.	50.00	53.51	7,085	4,800	47.6	1,076,687
87	City Bancorp Springfield, Mo.	50.05	51.34	4,355	3,864	12.7	827,343
88	First Community Bancshares Inc. Bluefield, Va.	50.23	55.16	12,589	13,342	-5.6	1,979,035
89	Valley National Bancorp Wayne, N.J.	50.28	49.90	61,909	60,375	2.5	12,429,815
90	First BanCorp San Juan, Puerto Rico	50.60	34.65	72,036	55,915	28.8	20,197,663
91	Suffolk Bancorp Riverhead, N.Y.	50.62	51.30	10,039	9,464	6.1	1,441,343
92	Camden National Corp. Maine	50.67	47.02	8,701	7,857	10.7	1,755,674
93	M&T Bank Corp. Buffalo	50.69	51.28	369,077	362,148	1.9	56,507,088
94	Ames National Corp. Iowa	50.70	45.74	3,960	3,831	3.4	822,004
95	New York Community Bancorp Inc. Westbury	50.73	27.37	93,997	52,035	80.6	28,740,011
96	Amarillo National Bancorp Inc. Tex.	50.96	56.26	12,887	12,502	3.1	1,955,996
97	Bridgeview Bancorp Inc. Chicago	51.13	59.01	8,292	8,357	-0.8	1,419,780
98	Southwest Bancorp Inc. Stillwater, Okla.	51.15	55.20	14,255	13,958	2.1	2,186,787
99	American National Bankshares Inc. Danville, Va.	51.24	50.46	5,356	4,220	26.9	810,568
100	Texas Regional Bancshares Inc. McAllen	51.25	46.93	45,126	38,859	16.1	6,846,144
101	Macon Bancorp Franklin, N.C.	51.30	54.41	4,923	4,933	-0.2	948,793
102	Massbank Corp. Reading, Mass.	51.32	54.33	2,779	3,272	-15.1	861,926
103	Lone Star National Bancshares Pharr, Tex.	51.33	48.67	8,227	6,463	27.3	1,376,480
104	Nara Bancorp Inc. Los Angeles	51.39	54.65	14,078	13,163	7.0	1,987,480
105	Liberty Financial Group Inc. Eugene, Ore.	51.45	54.73	5,758	5,136	12.1	803,546
106	S.Y. Bancorp Inc. Louisville, Ky.	51.68	58.80	11,440	11,753	-2.7	1,341,532
107	First Bancorp Inc. Lebanon, Va.	51.82	54.83	5,343	5,025	6.3	849,231
108	Glacier Bancorp Inc. Kalispell, Mont.	51.90	49.91	28,243	23,755	18.9	3,913,450
109	First Midwest Bancorp Inc. Itasca, Ill.	51.92	48.86	51,693	40,932	26.3	8,698,018
110	Pacific Continental Corp. Eugene, Ore.	52.04	51.94	5,695	4,380	30.0	833,115
111	Shore Bancshares Inc. Easton, Md.	52.11	50.58	7,036	6,066	16.0	887,585
112	FirstBank Holding Co. Lakewood, Colo.	52.18	46.38	46,600	42,607	9.4	7,604,490
113	FSB Mutual Holdings Inc. Perkasie, Pa.	52.40	45.17	3,260	2,989	9.1	979,838
114	Bank of Hawaii Corp. Honolulu	52.43	52.87	82,194	81,614	0.7	10,325,875
115	BB&T Corp. Winston-Salem, N.C.	52.47	53.86	859,058	826,992	3.9	116,283,730
116	Villages Bancorp. Inc. The Villages, Fla.	52.47	56.10	4,573	4,153	10.1	843,049
117	Flag Financial Corp. Atlanta	52.50	70.47	11,446	8,422	35.9	1,795,494
118	First Olathe Bancshares Inc. Overland Park, Kan.	52.56	54.17	8,481	7,633	11.1	1,389,729
119	AmSouth Bancorp. Birmingham, Ala.	52.56	51.52	339,233	314,766	7.8	53,940,665
120	First Financial Bankshares Inc. Abilene, Tex.	52.91	39.30	20,840	18,865	10.5	2,715,421
121	Stockmen's Bancorp Inc. Kingman, Ariz.	52.99	54.74	7,415	6,617	12.1	1,211,517
122	Cascade Financial Corp. Everett, Wash.	53.01	48.90	5,969	5,436	9.8	1,294,369
123	Greene County Bancshares Inc. Greeneville, Tenn.	53.36	57.94	12,517	10,523	18.9	1,665,630
124	Columbia Bancorp The Dalles, Ore.	53.37	52.90	8,130	6,921	17.5	954,921
125	Durant Bancorp Inc. Durant, Okla.	53.42	55.24	11,723	9,645	21.5	1,573,630
126	NSB Holding Corp. Staten Island, N.Y.	53.49	44.97	5,669	5,649	0.4	1,352,223
127	Central Community Corp. Temple, Tex.	53.54	51.51	6,517	5,158	26.3	828,138
128	City National Corp. Beverly Hills, Calif.	53.55	52.51	117,959	108,165	9.1	14,486,079
129	Harleysville National Corp. Pa.	53.60	54.19	17,775	16,893	5.2	3,217,018
130	EuroBancshares Inc. San Juan, Puerto Rico	53.68	51.82	10,527	11,321	-7.0	2,444,308
131	American State Financial Corp. Lubbock, Tex.	53.72	50.61	13,263	11,520	15.1	2,113,033
132	Crews Banking Corp. Wauchula, Fla.	53.74	49.24	7,901	6,806	16.1	1,055,028
133	Lakeland Financial Corp. Warsaw, Ind.	53.80	54.18	9,850	9,294	6.0	1,728,153
134	Community Banks Inc. Harrisburg, Pa.	53.82	95.59	21,047	21,238	-0.9	3,385,599
135	Colonial BancGroup Inc. Montgomery, Ala.	53.91	55.75	131,013	132,308	-1.0	23,016,162
136	Vineyard National Bancorp Corona, Calif.	54.53	48.13	11,994	8,337	43.9	1,863,962
137	Independent Alliance Banks Inc. Fort Wayne, Ind.	54.62	52.30	4,636	3,807	21.8	838,326
138	Sky Financial Group Inc. Bowling Green, Ohio	54.63	54.34	102,414	101,010	1.4	15,751,366
139	Venture Financial Group Inc. Lacey, Wash.	54.78	62.81	6,559	5,390	21.7	917,269
140	First Citizens Financial Corp. Mason City, Iowa	54.87	47.49	4,381	3,667	19.5	907,809
141	Provident Financial Services Inc. Jersey City, N.J.	54.89	57.44	29,909	33,169	-9.8	5,861,594
142	Summit Bancshares Inc. Fort Worth, Tex.	54.89	58.35	8,284	7,535	9.9	1,160,731
143	W.T.B. Financial Corp. Spokane	54.90	59.51	23,120	21,908	5.5	3,171,388
144	Trinity Capital Corp. Los Alamos, N.M.	54.91	60.18	7,868	7,052	11.6	1,271,372
145	Banner Corp. Walla Walla, Wash.	54.97	72.26	20,020	22,730	-11.9	3,397,000
146	Cullen/Frost Bankers Inc. San Antonio, Tex.	55.04	57.38	100,195	89,381	12.1	11,464,371
147	Wilson Bank Holding Co. Lebanon, Tenn.	55.05	56.05	7,089	6,228	13.8	1,110,055
148	Fifth Third Bancorp Cincinnati	55.07	51.95	758,539	727,456	4.3	106,110,513
149	Security National Corp. Sioux City, Iowa	55.08	54.27	6,004	5,832	2.9	843,627
150	Wilmington Trust Corp. Del.	55.24	56.61	98,170	89,360	9.9	10,745,944

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).

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