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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

December 12, 2007, 10:08 a.m. EST 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesIn the second quarter of 2007, among the largest 500 bank holding companies. Dollars in thousands.
Published December 12, 2007
Related Table: Most Improved in Efficiency and Noninterest Expense
Rank   Efficiency ratio* Noninterest expense 2Q 2007
assets
2Q 2007 2Q 2006 2Q 2007 2Q 2006 Change
1 Corus Bankshares Inc. Chicago 20.75% 18.30% $16,952 $16,407 3.3% $9,609,537
2 Intervest Bancshares Corp. New York 23.19 18.58 3,117 2,732 14.1 2,052,831
3 Apple Financial Holdings Inc. New York 24.33 NA 17,212 NA NA 8,157,604
4 Amboy Bancorp. Old Bridge, N.J. 26.46 24.76 7,547 7,868 -4.1 2,918,694
5 New Frontier Bancorp Greeley, Colo. 27.43 35.12 5,899 3,912 50.8 1,664,491
6 Hillcrest Bancshares Inc. Overland Park, Kan. 30.93 28.95 5,669 4,876 16.3 1,631,707
7 SBC Inc. Countryside, Ill. 33.73 28.06 4,472 4,404 1.5 978,118
8 Ida Grove Bancshares Inc. Ida Grove, Iowa 35.20 42.78 3,338 3,458 -3.5 924,890
9 East West Bancorp Inc. Pasadena, Calif. 36.62 37.53 41,459 39,272 5.6 10,829,357
10 Stearns Financial Services Inc. St. Cloud, Minn. 36.74 33.08 9,787 9,054 8.1 1,578,849
11 Florida Community Banks Inc. Immokalee 36.91 25.63 4,453 3,725 19.5 980,126
12 Cathay General Bancorp Los Angeles 37.03 35.35 32,500 28,788 12.9 8,905,875
13 ANB Bancshares Inc. Rogers, Ark. 38.31 44.90 9,263 7,154 29.5 1,951,243
14 Westamerica Bancorp. San Rafael, Calif. 39.45 38.84 24,706 26,346 -6.2 4,650,290
15 Frontier Financial Corp. Everett, Wash. 39.78 36.73 19,915 16,182 23.1 3,578,963
16 First Financial Holdings Renton, Wash. 40.20 37.87 2,001 1,845 8.5 1,087,597
17 Wilshire Bancorp Inc. Los Angeles 40.61 41.26 11,095 10,770 3.0 2,039,511
18 Bank of Highland Park Financial Corp. Ill. 40.74 38.84 2,443 2,194 11.3 1,124,272
19 Hanmi Financial Corp. Los Angeles 40.85 39.91 20,591 19,395 6.2 3,870,796
20 West Bancorp. Inc. West Des Moines, Iowa 40.92 41.48 6,121 6,175 -0.9 1,294,734
21 New York Community Bancorp Inc. Westbury 41.17 50.73 84,321 93,997 -10.3 29,638,404
22 Prosperity Bancshares Inc. Houston 41.75 44.62 30,144 21,333 41.3 6,188,904
23 United Bancorp. of Wyoming Inc. Jackson 42.65 42.42 7,484 6,548 14.3 1,515,505
24 Orion Bancorp Inc. Naples, Fla. 42.93 41.44 9,885 9,716 1.7 2,573,002
25 U.S. Bancorp Minneapolis 43.47 41.80 1,617,000 1,531,000 5.6 222,530,000
26 Citizens Financial Group Inc. Providence, R.I. 43.80 49.01 734,407 814,970 -9.9 159,392,731
27 United Bankshares Inc. Charleston, W.Va. 43.87 43.03 32,539 32,369 0.5 6,632,111
28 First South Bancorp Inc. Washington, N.C. 43.93 43.14 5,603 5,674 -1.3 917,743
29 Bank of America Corp. Charlotte 43.95 46.31 9,121,678 8,721,101 4.6 1,535,684,280
30 Big Sandy Holding Co. Longmont, Colo. 44.07 44.21 5,404 5,380 0.4 1,067,554
31 Porter Bancorp Inc. Louisville 44.50 48.33 5,111 5,277 -3.1 1,198,182
32 New York Private Bank and Trust Corp. 45.23 65.70 48,149 48,483 -0.7 15,095,466
33 United National Corp. Sioux Falls, S.D. 45.27 44.73 98,964 87,343 13.3 1,481,955
34 First Community Bancorp San Diego 45.49 45.93 35,950 30,250 18.8 5,150,953
35 City Holding Co. Charleston, W.Va. 45.50 44.16 17,475 17,667 -1.1 2,525,724
36 UCBH Holdings Inc. San Francisco 45.56 49.11 42,451 38,643 9.9 10,651,773
37 Nara Bancorp Inc. Los Angeles 45.84 51.39 14,063 14,078 -0.1 2,215,973
38 Bank of the Ozarks Inc. Little Rock 45.86 45.56 11,876 11,017 7.8 2,580,870
39 City National Bancshares Inc. Miami 45.89 44.73 16,692 13,936 19.8 2,714,903
40 Cascade Bancorp Bend, Ore. 45.91 47.87 15,549 14,556 6.8 2,321,115
41 S&T Bancorp Inc. Indiana, Pa. 45.93 43.83 18,120 16,577 9.3 3,370,360
42 Central Pacific Financial Corp. Honolulu 45.95 46.63 30,435 30,567 -0.4 5,563,598
43 Georgian Bancorp. Inc. Atlanta 46.04 44.98 7,958 6,125 29.9 1,862,938
44 First Regional Bancorp Century City, Calif. 46.09 38.03 13,231 11,189 18.3 2,057,031
45 Silver State Bancorp Henderson, Nev. 46.12 41.70 10,163 6,070 67.4 1,510,619
46 Inwood Bancshares Inc. Dallas 46.16 46.93 6,678 6,790 -1.6 1,290,775
47 Valley View Bancshares Inc. Overland Park, Kan. 46.22 42.55 15,398 13,453 14.5 2,728,390
48 Sierra Bancorp Porterville, Calif. 46.48 46.53 8,868 7,860 12.8 1,215,952
49 Olney Bancshares of Texas Inc. 46.97 46.13 8,230 6,426 28.1 1,193,666
50 Great Southern Bancorp Inc. Springfield, Mo. 47.51 48.63 12,898 12,164 6.0 2,396,404
51 Horizon Financial Corp. Bellingham, Wash. 47.59 46.13 7,212 6,551 10.1 1,303,541
52 Beverly Hills Bancorp Inc. Calabasas, Calif. 47.74 39.39 3,982 3,520 13.1 1,626,005
53 Virginia Commerce Bancorp Inc. Arlington 47.97 44.46 9,896 8,485 16.6 2,113,547
54 HSBC North America Holdings Inc. Prospect Heights, Ill. 48.14 47.78 2,804,145 2,784,637 0.7 483,630,057
55 NEB Corp. Fond Du Lac, Wis. 48.22 47.60 7,859 7,607 3.3 1,255,981
56 Wilson Bank Holding Co. Lebanon, Tenn. 48.27 55.05 7,773 7,089 9.6 1,307,774
57 NBT Bancorp Inc. Norwich, N.Y. 48.75 56.56 28,286 31,694 -10.8 5,121,634
58 FSB Mutual Holdings Inc. Perkasie, Pa. 48.76 52.40 3,208 3,260 -1.6 1,005,513
59 Parkway Bancorp Inc. Harwood Heights, Ill. 48.86 47.26 8,344 7,872 6.0 2,004,542
60 First Mutual Bancorp of Illinois Inc. Harvey 48.97 45.26 5,399 4,471 20.8 1,251,518
61 Lakeside Bancorp Inc. Chicago 49.01 44.42 4,229 4,126 2.5 877,924
62 Community Bancorp Las Vegas 49.02 48.88 9,585 6,527 46.9 1,663,186
63 National Bankshares Inc. Blacksburg, Va. 49.08 48.75 5,498 5,405 1.7 877,098
64 Stockman Financial Corp. Miles City, Mont. 49.17 45.01 7,807 7,149 9.2 1,279,763
65 M&T Bank Corp. Buffalo 49.43 50.69 381,589 369,077 3.4 57,869,069
66 American National Corp. Omaha 49.57 47.22 10,155 9,481 7.1 1,633,955
67 First Bank Corp. Fort Smith, Ark. 49.58 47.63 10,270 9,530 7.8 1,370,232
68 First National Lincoln Corp. Damariscotta, Maine 49.81 48.36 5,333 5,071 5.2 1,161,274
69 First Financial Bankshares Inc. Abilene, Tex. 50.04 52.91 21,144 20,840 1.5 2,850,452
70 First National Community Bancorp Inc. Dunmore, Pa. 50.34 48.27 5,890 5,009 17.6 1,248,373
71 Valley National Bancorp Wayne, N.J. 50.43 50.28 60,867 61,909 -1.7 12,319,087
72 Oriental Financial Group Inc. San Juan, Puerto Rico 50.45 62.58 17,477 14,784 18.2 5,290,650
73 Cascade Financial Corp. Everett, Wash. 50.47 53.01 6,444 5,969 8.0 1,344,987
74 Center Financial Corp. Los Angeles 50.50 35.88 12,352 8,378 47.4 1,912,875
75 Dickinson Financial Corp. II Kansas City 50.51 49.83 45,553 41,650 9.4 4,871,478
  First Community Bancshares Inc. Bluefield, Va. 50.51 50.23 12,078 12,589 -4.1 2,168,595
77 Hudson Valley Holding Corp. Yonkers, N.Y. 51.38 46.95 16,409 14,055 16.7 2,437,760
78 Liberty Financial Group Inc. Eugene, Ore. 51.40 51.45 6,631 5,758 15.2 930,210
79 First Midwest Bancorp Inc. Itasca, Ill. 51.42 51.92 50,046 51,693 -3.2 8,058,522
80 Bank of Granite Corp. Granite Falls, N.C. 51.59 48.80 9,051 8,629 4.9 1,224,056
81 Bank of Hawaii Corp. Honolulu 51.86 52.43 82,772 82,194 0.7 10,722,568
82 CBS Banc-Corp. Russellville, Ala. 51.88 70.08 6,882 5,583 23.3 1,218,696
83 Smithtown Bancorp Inc. Hauppauge, N.Y. 52.00 48.57 6,617 6,042 9.5 1,083,062
84 BB&T Corp. Winston-Salem, N.C. 52.04 52.47 916,818 859,058 6.7 127,577,050
85 Farmers and Merchants Bancorp Lodi, Calif. 52.07 56.62 10,934 11,360 -3.8 1,483,358
86 Camden National Corp. Maine 52.12 50.67 8,499 8,701 -2.3 1,761,103
87 Park National Corp. Newark, Ohio 52.24 48.37 42,480 34,856 21.9 6,243,566
88 S.Y. Bancorp Inc. Louisville 52.26 51.68 11,107 11,440 -2.9 1,425,383
89 Banorte USA Corp. New York 52.27 NA 11,749 NA NA 1,654,722
90 American Chartered Bancorp Inc. Schaumburg, Ill. 52.43 58.60 11,792 11,228 5.0 2,550,833
91 Associated Banc-Corp Green Bay, Wis. 52.45 48.84 132,643 124,660 6.4 20,849,531
92 Lone Star National Bancshares Pharr, Tex. 52.46 51.33 9,554 8,227 16.1 1,657,583
93 First Busey Corp. Urbana, Ill. 52.68 55.90 14,522 14,787 -1.8 2,500,196
94 Minnwest Corp. Minnetonka, Minn. 52.79 47.38 7,546 6,682 12.9 1,397,437
95 Bridgeview Bancorp Inc. Chicago 52.95 51.13 7,771 8,292 -6.3 1,396,282
96 Pacific Capital Bancorp Santa Barbara, Calif. 52.98 72.25 57,749 68,423 -15.6 7,260,697
97 CVB Financial Corp. Ontario, Calif. 53.05 44.03 27,606 24,001 15.0 6,133,222
98 Lakeland Financial Corp. Warsaw, Ind. 53.06 53.80 10,220 9,850 3.8 1,822,606
99 Alpine Banks of Colorado Glenwood Springs 53.16 55.96 17,718 15,953 11.1 2,239,599
100 Macon Bancorp Franklin, N.C. 53.22 51.30 5,308 4,923 7.8 1,021,952
101 Cashmere Valley Financial Corp. Cashmere, Wash. 53.26 55.28 4,804 4,405 9.1 878,290
102 Royal Bancshares of Pennsylvania Inc. Narberth 53.28 46.43 6,686 6,421 4.1 1,330,980
103 First Citizens Financial Corp. Mason City, Iowa 53.38 54.87 4,582 4,381 4.6 939,398
104 Imperial Capital Bancorp Inc. La Jolla, Calif. 53.39 46.85 12,099 11,531 4.9 3,553,538
105 First Financial Corp. Terre Haute, Ind. 53.50 60.42 16,062 16,211 -0.9 2,225,233
106 Suffolk Bancorp Riverhead, N.Y. 53.62 50.62 10,319 10,039 2.8 1,439,085
107 W.T.B. Financial Corp. Spokane, Wash. 53.78 54.90 24,829 23,120 7.4 3,557,850
108 Amarillo National Bancorp Inc. Tex. 54.03 50.96 15,597 12,887 21.0 2,372,149
109 First Western Bancorp Inc. Huron, S.D. 54.09 55.86 6,504 6,481 0.4 899,623
110 First Chicago Bancorp Itasca, Ill. 54.15 NA 5,476 NA NA 1,057,754
111 First Olathe Bancshares Inc. Overland Park, Kan. 54.19 52.56 9,408 8,481 10.9 1,518,998
112 Zions Bancorp. Salt Lake City 54.27 55.72 346,024 331,303 4.4 48,703,130
  Summit Financial Group Inc. Moorefield, W.Va. 54.27 72.75 5,938 11,571 -48.7 1,279,447
114 Total Bancshares Corp. Miami, Fla. 54.41 57.05 8,487 8,390 1.2 1,428,354
115 1867 Western Financial Corp. Stockton, Calif. 54.44 48.42 15,469 13,921 11.1 1,959,508
  Broadway Bancshares Inc. San Antonio 54.44 56.52 14,933 14,417 3.6 1,729,370
117 BancWest Corp. Honolulu 54.46 54.57 358,364 359,880 -0.4 70,661,335
118 Fifth Third Bancorp Cincinnati 54.54 55.07 802,855 758,539 5.8 101,389,721
119 FirstBank Holding Co. Lakewood, Colo. 54.66 52.18 49,588 46,600 6.4 8,321,506
120 Pacific Continental Corp. Eugene, Ore. 54.76 52.04 6,506 5,695 14.2 907,842
121 Hills Bancorp. Hills, Iowa 54.80 55.45 8,837 8,591 2.9 1,588,921
122 Wachovia Corp. Charlotte 54.87 57.58 4,858,000 4,261,000 14.0 719,922,000
123 Main Street Trust Inc. Champaign, Ill. 54.93 55.86 10,526 10,302 2.2 1,534,367
124 First Bancorp Inc. Lebanon, Va. 54.95 51.82 5,943 5,343 11.2 887,205
125 Glacier Bancorp Inc. Kalispell, Mont. 55.03 51.90 36,716 28,243 30.0 4,673,215
126 BBVA USA Bancshares Inc. Fort Worth 55.28 64.40 187,685 16,763 1019.6 15,070,796
127 Alliance Bancshares California Culver City 55.39 57.58 7,286 5,689 28.1 985,310
128 Colonial BancGroup Inc. Montgomery, Ala. 55.45 53.91 141,388 131,013 7.9 23,823,484
129 Crews Banking Corp. Wauchula, Fla. 55.47 53.74 7,871 7,901 -0.4 1,105,637
130 Regions Financial Corp. Birmingham, Ala. 55.49 55.24 1,071,035 722,463 48.2 137,624,205
131 Wilmington Trust Corp. Del. 55.52 55.24 105,883 98,170 7.9 11,216,844
132 Citigroup Inc. New York 55.72 58.95 15,116,000 13,232,000 14.2 2,220,866,000
133 Palmetto Bancshares Inc. Laurens, S.C. 55.75 61.66 9,869 10,187 -3.1 1,180,221
134 Cullen/Frost Bankers Inc. San Antonio 55.81 55.04 111,652 100,195 11.4 13,092,571
135 Green Bankshares Inc. Greeneville, Tenn. 55.85 53.36 16,697 12,517 33.4 2,927,298
136 Alabama National BanCorp. Birmingham 55.92 57.03 49,749 46,275 7.5 7,897,932
137 Comerica Inc. Detroit 55.98 55.84 411,116 405,210 1.5 58,945,727
138 SVB Financial Group Santa Clara, Calif. 56.15 61.67 98,816 92,518 6.8 6,386,197
139 City National Corp. Beverly Hills 56.18 53.55 131,430 117,959 11.4 15,813,652
140 National Penn Bancshares Inc. Boyertown, Pa. 56.21 56.17 34,062 32,788 3.9 5,621,170
141 Northrim BanCorp Inc. Anchorage 56.27 56.09 8,567 7,715 11.0 947,281
142 American State Financial Corp. Lubbock, Tex. 56.28 53.72 14,257 13,263 7.5 2,063,999
143 Community Banks Inc. Harrisburg, Pa. 56.31 53.82 24,498 21,047 16.4 3,750,844
144 Taylor Capital Group Inc. Rosemont, Ill. 56.35 60.49 17,679 18,622 -5.1 3,299,684
145 U.S.B. Holding Co. Inc. Orangeburg, N.Y. 56.46 49.95 14,014 12,790 9.6 3,029,756
146 Vineyard National Bancorp Corona, Calif. 56.47 54.53 14,264 11,994 18.9 2,416,551
147 Premier Bancshares Inc. Jefferson City, Mo. 56.51 62.51 7,686 4,828 59.2 1,456,032
148 Heritage Commerce Corp San Jose 56.52 56.25 8,382 8,275 1.3 1,346,931
149 Ocean Bankshares Inc. Miami 56.53 41.22 37,186 29,911 24.3 5,988,807
150 JPMorgan Chase & Co. New York 56.54 57.27 11,350,000 9,133,000 24.3 1,458,042,000


Note: Only top tier bank holding companies that file a Y-9C statement with the Fed are included. Excludes thrift holding companies. * Noninterest expense divided by (total income minus interest expense)
Source:

SNL Financial
, Charlottesville, Va.
© 2007 American Banker

Banks, thrifts and holding companies