Most Efficient Bank Holding Companies

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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesIn the first quarter of 2008, among the largest 500. Dollars in thousands.
Published August 13, 2008

Rank   Efficiency ratio* Noninterest Expense 1Q 2008
assets
1Q 2008 1Q 2007 1Q 2008 1Q 2007 Change
1 Broadway Bancorp Inc. Chicago 14.04% NA $2,120 NA NA $1,118,366
2 Lauritzen Corp. Omaha 29.15 50.07% 18,896 $17,147 10.2% 1,361,937
3 Corus Bankshares Inc. Chicago 35.00 22.45 16,993 17,801 -4.5 9,072,057
4 Hillcrest Bancshares Inc. Overland Park, Kan. 35.90 27.06 6,371 5,473 16.4 1,883,717
5 Westamerica Bancorp. San Rafael, Calif. 36.23 38.36 23,056 24,664 -6.5 4,349,148
6 Intervest Bancshares Corp. New York 37.53 21.04 3,518 2,769 27.0 2,165,017
7 Cathay General Bancorp Los Angeles 37.60 36.21 32,839 30,224 8.7 10,442,907
8 Bank of Highland Park Financial Corp. Ill. 38.94 40.73 2,509 2,436 3.0 1,153,117
9 Apple Financial Holdings Inc. New York 39.65 36.82 18,857 17,466 8.0 8,319,013
10 New York Community Bancorp Inc. Westbury 40.43 38.89 84,655 74,322 13.9 30,923,823
11 Prosperity Bancshares Inc. Houston 40.46 42.68 28,916 26,942 7.3 6,471,824
12 Frontier Financial Corp. Everett, Wash. 40.90 39.61 21,212 18,406 15.2 4,053,068
13 U.S. Bancorp Minneapolis 40.99 42.65 1,777,000 1,528,000 16.3 241,781,000
14 Stearns Financial Services Inc. St. Cloud, Minn. 41.22 34.07 7,702 9,453 -18.5 1,255,993
15 United National Corp. Sioux Falls, S.D. 41.49 37.87 95,088 88,503 7.4 1,541,161
16 Pacific Capital Bancorp Santa Barbara, Calif. 42.42 39.60 121,854 115,444 5.6 7,399,381
17 Fifth Third Bancorp Cincinnati 42.44 56.26 715,832 792,601 -9.7 111,396,404
18 Ida Grove Bancshares Inc. Iowa 42.79 42.49 4,240 3,792 11.8 1,020,850
19 HSBC North America Holdings Inc. Mettawa, Ill. 43.00 46.83 2,647,218 2,894,280 -8.5 493,010,805
20 Central Pacific Financial Corp. Honolulu 43.41 44.33 27,996 29,595 -5.4 5,800,037
21 S&T Bancorp Inc. Indiana, Pa. 44.16 46.10 18,024 17,531 2.8 3,463,806
22 First Mutual Bancorp of Illinois Inc. Harvey 44.22 46.97 6,145 5,130 19.8 1,533,522
23 Bank of the Ozarks Inc. Little Rock 44.85 48.84 12,881 12,138 6.1 3,051,971
24 Republic Bancorp Inc. Louisville 44.90 58.23 33,680 22,970 46.6 3,124,031
25 Suffolk Bancorp Riverhead, N.Y. 44.99 54.04 10,354 10,323 0.3 1,526,657
26 Capital One Financial Corp. McLean, Va. 45.61 58.69 1,801,979 2,028,568 -11.2 150,608,527
27 East West Bancorp Inc. Pasadena, Calif. 45.75 39.08 53,784 44,358 21.2 11,760,245
28 West Bancorp. Inc. West Des Moines, Iowa 45.87 45.94 6,676 6,453 3.5 1,332,941
29 Amarillo National Bancorp Inc. Tex. 45.93 50.05 14,426 13,713 5.2 2,628,210
30 Ames National Corp. Iowa 46.25 52.69 4,259 4,076 4.5 902,242
31 First Bancorp Inc. Damariscotta, Maine 46.51 50.64 5,449 5,250 3.8 1,248,208
Northern Trust Corp. Chicago 46.51 63.18 535,561 525,776 1.9 77,480,291
33 SBC Inc. Countryside, Ill. 46.67 33.12 4,890 4,523 8.1 960,136
34 Sierra Bancorp Porterville, Calif. 47.00 52.24 8,462 8,912 -5.0 1,281,008
35 PacWest Bancorp San Diego, Calif. 47.26 39.62 310,477 35,378 777.6 4,895,163
36 United Bancorp. of Wyoming Inc. Jackson 47.27 45.95 9,479 7,543 25.7 1,671,414
37 Umpqua Holdings Corp. Portland, Ore. 47.46 59.08 47,064 50,121 -6.1 8,362,011
38 City Holding Co. Charleston, W.Va. 47.51 44.79 19,734 17,634 11.9 2,524,813
39 First Regional Bancorp Century City, Calif. 47.53 46.46 14,750 13,292 11.0 2,319,356
40 Synovus Financial Corp. Columbus, Ga. 47.55 66.11 201,373 532,152 -62.2 33,759,890
41 First Citizens Financial Corp. Mason City, Iowa 47.77 55.63 4,422 4,365 1.3 1,018,285
42 Farmers and Merchants Bancorp Lodi, Calif. 48.02 53.08 9,785 11,010 -11.1 1,569,781
43 United Bankshares Inc. Charleston, W.Va. 48.20 43.52 41,542 31,498 31.9 7,986,974
44 Wilshire Bancorp Inc. Los Angeles 48.36 44.67 12,113 10,878 11.4 2,260,430
45 San Joaquin Bancorp Bakersfield, Calif. 48.50 48.11 4,386 3,851 13.9 909,017
46 Great Southern Bancorp Inc. Springfield, Mo. 48.62 47.35 14,204 12,073 17.7 2,507,124
47 Oriental Financial Group Inc. San Juan, Puerto Rico 48.63 46.02 17,730 15,828 12.0 6,158,119
48 Great Western Bancorp. Inc. Omaha 48.70 57.30 18,588 20,954 -11.3 3,579,472
49 Marshall & Ilsley Corp. Milwaukee 48.76 59.87 304,348 551,926 -44.9 63,432,326
50 First South Bancorp Inc. Washington, N.C. 48.77 44.30 6,027 5,634 7.0 924,826
51 First Bank Corp Fort Smith, Ark. 48.80 47.21 10,418 10,120 2.9 1,372,267
52 City National Bancshares Inc. Miami 49.08 40.16 15,342 14,850 3.3 2,874,886
53 Valley View Bancshares Inc. Overland Park, Kan. 49.16 46.01 15,975 14,692 8.7 2,977,450
54 West Coast Bancorp Lake Oswego, Ore. 49.43 57.81 17,085 21,291 -19.8 2,620,894
55 Summit Financial Group Inc. Moorefield, W.Va. 49.47 57.83 7,089 6,511 8.9 1,464,663
56 Lakeside Bancorp Inc. Chicago 49.50 44.92 4,088 4,349 -6.0 904,459
57 Nara Bancorp Inc. Los Angeles 49.53 50.41 14,362 13,946 3.0 2,546,113
58 NEB Corp. Fond Du Lac, Wis. 49.54 49.44 8,142 7,963 2.2 1,301,946
59 Horizon Financial Corp. Bellingham, Wash. 49.56 49.78 7,024 7,367 -4.7 1,392,178
60 New Frontier Bancorp Greeley, Colo. 49.61 36.76 7,473 5,222 43.1 2,025,825
61 National Bankshares Inc. Blacksburg, Va. 49.63 48.24 5,432 5,200 4.5 911,721
62 American National Corp. Omaha 50.22 47.82 10,502 9,458 11.0 1,678,282
Parkway Bancorp Inc. Harwood Heights, Ill. 50.22 50.03 8,184 8,162 0.3 2,229,502
64 First National Community Bancorp Inc. Dunmore, Pa. 50.46 47.96 6,149 5,643 9.0 1,286,761
65 Cashmere Valley Financial Corp. Cashmere, Wash. 50.47 51.39 4,830 4,371 10.5 916,792
66 JPMorgan Chase & Co. New York 50.48 53.92 8,888,000 10,655,000 -16.6 1,642,862,000
67 Hanmi Financial Corp. Los Angeles 50.65 40.65 22,628 20,033 13.0 3,936,375
68 Lakeland Financial Corp. Warsaw, Ind. 50.82 56.37 11,288 10,124 11.5 2,205,222
69 Alpine Banks of Colorado Glenwood Springs, Colo. 50.86 51.08 18,819 16,223 16.0 2,445,906
70 Park National Corp. Newark, Ohio 50.95 53.99 43,277 39,309 10.1 6,781,365
71 Virginia Commerce Bancorp Inc. Arlington 51.16 48.04 10,792 9,489 13.7 2,501,358
72 Smithtown Bancorp Inc. Hauppauge, N.Y. 51.48 53.40 6,972 6,645 4.9 1,282,744
73 FSB Mutual Holdings Inc. Perkasie, Pa. 51.49 51.52 3,547 3,288 7.9 1,077,136
74 UCBH Holdings Inc. San Francisco 51.58 48.53 49,023 42,397 15.6 12,743,124
75 First Financial Bankshares Inc. Abilene, Tex. 51.61 53.66 22,660 21,115 7.3 3,061,936
76 Berkshire Bancorp Inc. New York 51.64 65.39 3,910 3,453 13.20 1,061,360
77 FirstBank Holding Co. Lakewood, Colo. 51.67 55.80 61,094 49,522 23.4 9,017,658
78 BB&T Corp. Winston-Salem, N.C. 51.68 52.98 935,930 886,848 5.5 136,417,064
79 Home Bancshares Inc. Conway, Ark. 51.74 62.52 18,536 14,741 25.7 2,571,145
80 Stockman Financial Corp. Miles City, Mont. 51.79 52.13 8,923 7,831 13.9 1,494,558
81 American State Financial Corp. Lubbock, Tex. 51.82 55.01 14,048 12,892 9.0 2,097,401
82 M&T Bank Corp. Buffalo 51.93 54.13 403,745 384,537 5.0 66,085,573
83 Bank of America Corp. Charlotte 52.01 48.09 9,266,527 9,132,478 1.5 1,743,478,291
84 Tennessee Commerce Bancorp Inc. Franklin 52.07 40.81 4,144 2,615 58.5 964,435
85 CVB Financial Corp. Ontario, Calif. 52.11 52.98 31,024 28,578 8.6 6,375,092
86 Wells Fargo & Co. San Francisco 52.22 57.87 5,441,000 5,503,000 -1.1 595,221,000
87 Associated Banc-Corp Green Bay, Wis. 52.25 51.15 136,206 128,137 6.3 21,911,667
88 Citizens Financial Group Inc. Providence, R.I. 52.27 51.67 798,695 800,137 -0.2 161,759,026
89 Villages Bancorp. Inc. The Villages, Fla. 52.32 52.07 5,520 4,951 11.5 1,066,325
90 Glacier Bancorp Inc. Kalispell, Mont. 52.41 55.00 35,401 34,856 1.6 4,834,872
91 Bank of Hawaii Corp. Honolulu 52.55 52.60 105,332 85,783 22.8 10,822,801
92 Zions Bancorp. Salt Lake City 52.56 56.28 348,390 348,420 0.0 53,597,715
93 Porter Bancorp Inc. Louisville 52.74 44.91 7,021 4,956 41.7 1,564,738
94 Inwood Bancshares Inc. Dallas 52.91 52.30 7,340 7,168 2.4 1,399,794
95 Beverly Hills Bancorp Inc. Calabasas, Calif. 53.00 42.59 4,225 3,521 20.0 1,454,607
96 Hills Bancorp. Hills, Iowa 53.18 55.70 9,152 8,532 7.3 1,680,023
97 BBVAPR Holding Corp. San Juan, Puerto Rico 53.37 55.48 30,099 29,346 2.6 6,648,678
98 First BanCorp. San Juan, Puerto Rico 53.46 55.08 82,045 79,183 3.6 18,149,029
99 Durant Bancorp Inc. Okla. 53.60 54.63 13,898 12,554 10.7 1,854,738
100 Bank of Marin Bancorp Novato, Calif. 53.63 NA 7,002 NA NA 919,843
101 SunTrust Banks Inc. Atlanta 53.75 58.63 1,242,613 1,235,041 0.6 178,986,947
102 First Midwest Bancorp Inc. Itasca, Ill. 54.04 51.60 49,125 48,021 2.3 8,321,553
103 BancWest Corp. Honolulu 54.26 55.10 389,819 358,404 8.8 74,808,167
104 Hudson Valley Holding Corp. Yonkers, N.Y. 54.35 52.12 17,331 15,700 10.4 2,341,472
105 NBT Bancorp Inc. Norwich, N.Y. 54.49 55.51 34,110 30,821 10.7 5,229,771
106 Camden National Corp. Maine 54.69 52.78 12,261 8,565 43.2 2,298,464
107 Trustmark Corp. Jackson, Miss. 54.94 60.57 69,827 69,401 0.6 9,097,153
108 Cascade Bancorp Bend, Ore. 54.96 47.74 17,208 15,801 8.9 2,406,489
109 Cascade Financial Corp. Everett, Wash. 54.98 51.41 6,831 6,320 8.1 1,503,133
110 National Penn Bancshares Inc. Boyertown, Pa. 55.00 57.47 48,914 33,766 44.9 9,108,114
111 Huntington Bancshares Inc. Columbus, Ohio 55.12 59.03 356,848 241,375 47.8 55,985,225
112 Centrue Financial Corp. St. Louis 55.14 65.93 10,226 10,547 -3.0 1,387,852
Paragon Commercial Corp. Raleigh 55.14 52.86 4,035 3,420 18.0 1,127,317
114 Dickinson Financial Corp. II Kansas City, Mo. 55.17 51.39 47,986 44,834 7.0 5,905,297
115 Univest Corp. of Pennsylvania Souderton 55.32 55.63 13,608 13,162 3.4 2,059,572
116 First Bancorp Inc. Lebanon, Va. 55.40 55.10 6,091 5,916 3.0 943,422
117 ServisFirst Bancshares Inc. Birmingham, Ala. 55.41 NA 4,845 NA NA 960,261
118 Community Bancorp Las Vegas 55.49 49.24 11,063 9,420 17.4 1,723,600
119 Barclays Group US Inc. Wilmington, Del. 55.53 88.39 547,170 557,677 -1.9 485,626,415
120 American Chartered Bancorp Inc. Schaumburg, Ill. 55.55 56.19 13,236 12,112 9.3 2,843,207
121 Orion Bancorp Inc. Naples, Fla. 55.63 44.71 10,812 10,056 7.5 2,957,827
122 International Bancshares Corp. Laredo, Tex. 55.78 59.27 70,727 71,730 -1.4 11,016,786
123 BOK Financial Corp. Tulsa 55.89 57.37 147,714 127,372 16.0 21,196,896
124 Community Trust Bancorp Inc. Pikeville, Ky. 55.94 64.22 20,001 22,496 -11.1 2,904,484
125 Chinatrust Capital Corp. Torrance, Calif. 55.95 50.89 10,313 12,802 -19.4 2,673,155
126 Green Bankshares Inc. Greeneville, Tenn. 56.09 56.26 19,166 14,120 35.7 2,912,615
127 Orrstown Financial Services Inc. Shippensburg, Pa. 56.42 57.41 6,623 5,934 11.6 917,559
128 First Financial Corp. Terre Haute, Ind. 56.50 57.85 16,453 16,058 2.5 2,292,000
129 BBVA USA Bancshares Inc. The Woodlands, Tex. 56.51 57.04 439,169 265,328 65.5 59,953,528
130 Olney Bancshares of Texas Inc. 56.53 47.60 10,446 8,249 26.6 1,663,492
131 Lone Star National Bancshares Pharr, Tex. 56.56 57.91 10,006 9,595 4.3 1,660,336
132 Pacific Continental Corp. Eugene, Ore. 56.70 56.42 7,157 6,354 12.6 998,926
133 PNC Financial Services Group Inc. Pittsburgh 56.78 59.50 1,037,827 1,035,644 0.2 140,026,464
134 Pinnacle Bancorp Inc. Central City, Neb. 56.88 58.63 33,147 29,974 10.6 4,689,757
135 RCB Holding Co. Inc. Claremore, Okla. 56.96 62.37 8,414 7,915 6.3 1,209,766
136 First Chicago Bancorp Itasca, Ill. 57.04 55.04 5,137 4,410 16.5 1,174,990
137 Sinopac Bancorp Los Angeles 57.05 54.67 10,468 10,344 1.2 2,013,136
138 Fulton Financial Corp. Lancaster, Pa. 57.10 60.98 96,660 100,905 -4.2 16,052,867
139 Whitney Holding Corp. New Orleans 57.12 59.49 83,940 86,461 -2.9 10,787,077
140 Arrow Financial Corp. Glens Falls, N.Y. 57.18 58.11 10,181 9,365 8.7 1,628,592
141 Banorte USA Corp. New York 57.29 51.83 13,115 10,382 26.3 1,905,718
W.T.B. Financial Corp. Spokane 57.29 54.60 25,732 24,154 6.5 3,827,028
143 Cullen/Frost Bankers Inc. San Antonio 57.30 60.06 118,847 120,280 -1.2 13,899,837
144 Commerce Bank and Trust Holding Co. Topeka, Kan. 57.36 64.89 8,579 7,875 8.9 1,263,237
145 Wilson Bank Holding Co. Lebanon, Tenn. 57.37 59.28 8,381 7,702 8.8 1,411,166
146 Valley National Bancorp Wayne, N.J. 57.67 44.87 70,107 64,215 9.2 12,961,211
147 Liberty Financial Group Inc. Eugene, Ore. 57.77 53.72 6,720 6,359 5.7 959,514
148 Popular Inc. Hato Rey, Puerto Rico 57.79 68.01 373,000 375,000 -0.5 41,822,000
149 Intrust Financial Corp. Wichita 57.85 55.85 27,547 25,804 6.8 3,574,985
150 Macon Bancorp Franklin, N.C. 57.94 52.63 5,482 5,420 1.1 1,071,788


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.
© 2008 American Banker