Most Efficient Bank Holding Companies

February 24, 2009, 10:08 a.m. EST 1 Min Read

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Most Efficient Bank Holding CompaniesAmong the largest 500 in the third quarter of 2008. Dollars in thousands. Published February 24, 2009
Rank		Efficiency Ratio*		Noninterest Expenses			3Q 2008 assets
Rank		3Q 2008	3Q 2007	3Q 2008	3Q 2007	Change	3Q 2008 assets
1	Broadway Bancorp Inc. Chicago	17.63%	10.69%	$2,176	$1,668	30.5%	$1,236,412
2	New York Private Bank and Trust Corp.	18.58	82.43	30,969	54,426	43.1	13,692,504
3	Beverly Hills Bancorp Inc. Calabasas, Calif.	30.82	39.98	3,059	3,343	8.5	1,302,610
4	NEB Corp. Fond Du Lac, Wis.	35.28	46.85	8,113	7,958	1.9	1,354,366
5	HSBC North America Holdings Inc. Mettawa, Ill.	36.38	51.36	2,727,853	3,770,823	27.7	467,739,691
6	Doral GP Ltd. San Juan, Puerto Rico	37.43	NA	47,028	NA	NA	9,906,543
	Bank of Highland Park Financial Corp. Ill.	37.43	35.85	2,794	2,304	21.3	1,210,467
8	New York Community Bancorp Inc. Westbury	37.81	28.54	83,780	78,162	7.2	32,161,610
9	Intervest Bancshares Corp. New York	39.15	24.34	5,276	3,216	64.1	2,180,746
10	Ida Grove Bancshares Inc. Iowa	39.38	39.26	4,470	3,758	18.9	1,067,389
11	Westamerica Bancorp. San Rafael, Calif.	39.74	40.06	25,839	24,852	4.0	4,089,981
12	Cathay General Bancorp Los Angeles	40.26	35.19	33,995	33,037	2.9	11,050,293
13	Prosperity Bancshares Inc. Houston	40.80	26.38	32,043	22,113	44.9	6,797,831
14	Commonwealth Bankshares Inc. Norfolk	41.62	52.49	4,362	5,118	14.8	1,019,742
15	East West Bancorp Inc. Pasadena, Calif.	41.67	38.48	41,479	46,107	10.0	11,722,296
16	Hillcrest Bancshares Inc. Overland Park, Kan.	42.19	29.06	7,465	5,700	31.0	1,883,159
17	Metropolitan Bank Group Inc. Chicago	42.81	35.10	14,895	28,534	47.8	3,137,051
18	Bank of the Ozarks Inc. Little Rock	43.15	45.02	13,822	11,732	17.8	3,070,546
19	S&T Bancorp Inc. Indiana, Pa.	43.35	43.97	22,683	18,031	25.8	4,461,085
20	Lakeside Bancorp Inc. Chicago	44.03	47.51	4,098	4,142	1.1	979,625
21	Farmers and Merchants Bancorp Lodi, Calif.	44.12	48.91	8,738	10,228	14.6	1,653,956
22	Villages Bancorp. Inc. The Villages, Fla.	44.23	52.69	5,066	5,828	13.1	1,016,377
23	Wilshire Bancorp Inc. Los Angeles	44.24	42.79	11,913	11,274	5.7	2,387,130
24	Apple Financial Holdings Inc. New York	44.26	34.22	18,826	17,362	8.4	7,098,580
25	Stearns Financial Services Inc. St. Cloud, Minn.	44.55	35.18	7,955	9,204	13.6	1,107,693
26	Cascade Bancorp Bend, Ore.	44.75	45.41	13,236	15,318	13.6	2,410,554
27	First BanCorp. San Juan, Puerto Rico	45.06	53.23	79,352	74,956	5.9	19,304,440
28	United National Corp. Sioux Falls, S.D.	45.43	47.06	91,622	105,358	13.0	1,503,674
29	U.S. Bancorp Minneapolis	45.47	46.14	1,811,000	1,718,000	5.4	247,055,000
30	City Holding Co. Charleston, W.Va.	45.96	46.86	18,897	18,059	4.6	2,465,525
31	Imperial Capital Bancorp Inc. La Jolla, Calif.	46.20	62.31	13,366	13,521	1.1	4,116,583
	Amboy Bancorp. Old Bridge, N.J.	46.20	24.05	7,812	7,429	5.2	2,625,613
33	Porter Bancorp Inc. Louisville	46.28	45.05	6,774	5,399	25.5	1,596,192
34	Cascade Financial Corp. Everett, Wash.	46.38	52.08	7,060	6,621	6.6	1,551,782
35	SBC Inc. Countryside, Ill.	46.44	33.41	4,421	4,223	4.7	951,801
36	FirstBank Holding Co. Lakewood, Colo.	46.58	52.95	57,921	50,780	14.1	9,319,932
37	Valley National Bancorp Wayne, N.J.	46.87	53.74	73,842	64,361	14.7	14,288,151
38	United Bankshares Inc. Charleston, W.Va.	46.91	47.34	41,640	39,166	6.3	8,095,553
39	Tennessee Commerce Bancorp Inc. Franklin	46.95	45.29	4,446	3,471	28.1	1,106,058
40	Hanmi Financial Corp. Los Angeles	47.02	42.90	21,183	20,888	1.4	3,765,976
41	Inwood Bancshares Inc. Dallas	47.56	43.85	6,511	6,388	1.9	1,373,452
42	Virginia Commerce Bancorp Inc. Arlington	47.89	46.07	11,258	9,901	13.7	2,661,687
43	National Penn Bancshares Inc. Boyertown, Pa.	48.42	54.98	54,088	34,101	58.6	9,316,795
44	Oriental Financial Group Inc. San Juan, Puerto Rico	48.49	46.14	18,196	16,523	10.1	5,914,666
45	Frontier Financial Corp. Everett, Wash.	48.60	36.23	21,900	18,893	15.9	4,244,963
	Amarillo National Bancorp Inc. Tex.	48.60	49.92	16,693	15,478	7.8	2,632,329
47	Crews Banking Corp. Wauchula, Fla.	48.71	53.77	7,563	7,418	2.0	1,092,850
48	West Bancorp. Inc. West Des Moines	48.76	42.16	7,687	6,156	24.9	1,463,745
49	First Citizens Financial Corp. Mason City, Iowa	49.05	54.24	4,590	4,572	0.4	979,640
50	Nara Bancorp Inc. Los Angeles	49.06	46.49	14,559	14,586	0.2	2,597,652
51	CVB Financial Corp. Ontario, Calif.	49.07	52.59	31,840	29,999	6.1	6,422,042
52	First National Community Bancorp Inc. Dunmore, Pa.	49.40	48.49	6,430	5,885	9.3	1,294,534
53	Popular Inc. Hato Rey, Puerto Rico	49.41	62.50	257,000	347,000	25.9	40,390,000
54	Umpqua Holdings Corp. Portland, Ore.	49.44	54.98	56,462	53,026	6.5	8,335,128
55	Glacier Bancorp Inc. Kalispell, Mont.	49.45	54.00	37,500	36,922	1.6	5,173,109
56	American Chartered Bancorp Inc. Schaumburg, Ill.	49.76	51.52	13,950	12,196	14.4	3,135,311
57	Huntington Bancshares Inc. Columbus, Ohio	49.83	58.13	333,886	385,989	13.5	54,669,893
58	American National Corp. Omaha	49.85	47.26	11,008	9,961	10.5	1,714,278
59	Lakeland Financial Corp. Warsaw, Ind.	49.96	56.04	11,932	10,707	11.4	2,255,290
60	First Bancorp Inc. Damariscotta, Maine	50.06	50.81	6,347	5,999	5.8	1,311,262
61	Barclays Group US Inc. Wilmington, Del.	50.16	276.82	519,088	578,829	10.3	681,045,276
62	Parkway Bancorp Inc. Harwood Heights, Ill.	50.22	48.58	7,738	8,677	10.8	2,479,370
63	Capital One Financial Corp. McLean, Va.	50.28	46.36	1,808,188	1,726,501	4.7	154,803,113
64	First Midwest Bancorp Inc. Itasca, Ill.	50.34	51.72	48,154	49,717	3.1	8,252,827
65	City National Bancshares Inc. Miami	50.39	51.13	16,050	15,161	5.9	2,800,176
66	First Financial Bankshares Inc. Abilene, Tex.	50.41	52.79	23,386	22,056	6.0	3,148,588
67	Hudson Valley Holding Corp. Yonkers, N.Y.	50.42	51.73	18,182	16,001	13.6	2,417,075
68	Wells Fargo & Co. San Francisco	50.47	55.96	5,520,000	5,480,000	0.7	622,361,000
	First Chicago Bancorp Itasca, Ill.	50.47	48.92	5,564	4,771	16.6	1,326,012
70	UCBH Holdings Inc. San Francisco	50.82	44.35	53,019	43,493	21.9	13,044,255
71	FSB Mutual Holdings Inc. Perkasie, Pa.	50.87	54.00	3,729	3,548	5.1	1,062,108
72	First Citizens Bancshares Inc. Dyersburg, Tenn.	50.91	65.16	6,143	6,979	12.0	927,887
73	Camden National Corp. Maine	51.03	52.07	11,659	8,402	38.8	2,311,238
74	Valley View Bancshares Inc. Overland Park, Kan.	51.19	31.90	16,562	15,942	3.9	3,032,353
75	Associated Banc-Corp Green Bay, Wis.	51.38	52.14	136,107	133,731	1.8	22,488,541
76	Citizens Financial Group Inc. Providence, R.I.	51.44	48.59	841,980	796,724	5.7	163,772,212
77	Smithtown Bancorp Inc. Hauppauge, N.Y.	51.49	50.97	8,490	6,720	26.3	1,690,945
78	BB&T Corp. Winston-Salem, N.C.	51.69	51.89	997,818	888,262	12.3	137,040,900
79	Sierra Bancorp Porterville, Calif.	51.70	48.77	10,260	8,719	17.7	1,316,907
80	Fifth Third Bancorp Cincinnati	52.03	60.12	967,203	893,503	8.2	116,294,077
81	Cashmere Valley Financial Corp. Wash.	52.04	52.56	5,683	4,798	18.4	952,242
82	First Regional Bancorp Century City, Calif.	52.34	50.43	13,676	15,198	10.0	2,416,060
83	Arrow Financial Corp. Glens Falls, N.Y.	52.47	55.37	10,535	9,227	14.2	1,673,051
84	Park National Corp. Newark, Ohio	52.55	52.93	99,479	42,817	132.3	6,799,733
85	American State Financial Corp. Lubbock	52.59	52.41	15,116	13,909	8.7	2,164,880
86	Bank of America Corp. Charlotte	52.69	50.89	11,789,193	8,594,349	37.2	1,836,452,425
87	Berkshire Bancorp Inc. New York	52.72	66.50	4,106	3,564	15.2	940,625
88	Lakeland Bancorp Inc. Oak Ridge, N.J.	53.02	64.07	14,920	15,644	4.6	2,580,839
89	Broadway Bancshares Inc. San Antonio	53.19	58.30	16,943	15,644	8.3	1,824,767
90	Great Southern Bancorp Inc. Springfield, Mo.	53.50	50.74	13,606	13,439	1.2	2,528,838
91	BOK Financial Corp. Tulsa	53.55	59.79	156,448	147,845	5.8	22,477,815
92	M&T Bank Corp. Buffalo	53.67	50.47	410,388	373,351	9.9	65,247,215
93	Bar Harbor Bankshares Maine	53.73	58.98	5,112	4,796	6.6	942,004
94	South Shore Bancorp South Weymouth, Mass.	53.82	80.68	4,537	6,172	26.5	963,911
95	Big Sandy Holding Co. Longmont, Colo.	53.95	53.58	5,441	6,640	18.1	1,301,420
96	First of Long Island Corp. Glen Head, N.Y.	54.04	59.05	7,237	6,792	6.6	1,224,368
97	First Financial Corp. Terre Haute, Ind.	54.06	60.13	16,506	16,102	2.5	2,311,276
98	First Bancorp Troy, N.C.	54.11	56.29	15,457	13,928	11.0	2,705,738
99	Palmetto Bancshares Inc. Laurens, S.C.	54.13	67.34	10,426	11,046	5.6	1,354,677
100	S.Y. Bancorp Inc. Louisville	54.39	55.02	11,493	12,104	5.0	1,653,572
101	BancWest Corp. Honolulu	54.45	54.23	400,503	363,581	10.2	76,458,299
102	National Americas Holdings LLC New York	54.57	NA	24,538	NA	NA	4,315,311
103	Sandy Spring Bancorp Inc. Olney, Md.	54.59	62.30	25,265	25,899	2.4	3,195,117
104	Bank of Marin Bancorp Novato, Calif.	54.60	NA	7,442	NA	NA	984,739
105	Fulton Financial Corp. Lancaster, Pa.	54.69	65.17	99,155	107,996	8.2	16,136,145
106	Olney Bancshares of Texas Inc.	54.78	48.25	10,570	8,522	24.0	1,616,803
107	First Busey Corp. Urbana, Ill.	54.79	56.67	27,379	24,395	12.2	4,339,219
108	International Bancshares Corp. Laredo, Tex.	54.86	11.63	75,199	15,859	374.2	11,544,396
109	Centrue Financial Corp. St. Louis	54.98	58.11	8,044	9,396	14.4	1,341,115
110	Center Bancorp Inc. Union, N.J.	55.10	111.54	4,578	6,094	24.9	1,042,778
111	Summit Financial Group Inc. Moorefield, W.Va.	55.14	52.47	7,285	7,010	3.9	1,567,039
112	Provident Financial Services Inc. Jersey City	55.20	70.47	31,925	35,733	10.7	6,451,105
113	Hills Bancorp. Iowa	55.24	54.01	10,223	8,993	13.7	1,727,511
114	Liberty Bancshares Inc Jonesboro, Ark.	55.32	64.23	15,465	15,077	2.6	2,573,379
115	Peoples Bancorp Inc. Marietta, Ohio	55.36	56.92	13,193	12,599	4.7	1,920,876
116	Dickinson Financial Corp. II Kansas City, Mo.	55.39	50.39	50,026	46,525	7.5	5,602,028
117	TriCo Bancshares Chico, Calif.	55.44	57.58	16,589	16,751	1.0	1,976,467
118	NBT Bancorp Inc. Norwich, N.Y.	55.51	53.58	37,278	31,568	18.1	5,335,158
	Chemical Financial Corp. Midland, Mich.	55.51	56.50	27,034	25,574	5.7	3,788,086
	Lone Star National Bancshares-Texas Inc. Pharr	55.51	52.67	10,382	9,870	5.2	1,669,824
121	Cullen/Frost Bankers Inc. San Antonio	55.54	53.79	121,752	112,143	8.6	14,145,451
122	Marshall & Ilsley Corp. Milwaukee	55.65	59.55	353,104	576,313	38.7	63,517,959
123	First Bank Corp Fort Smith, Ark.	55.78	54.71	11,159	10,506	6.2	1,390,758
124	Suffolk Bancorp Riverhead, N.Y.	55.82	50.67	11,348	9,900	14.6	1,627,092
125	Investors Bancorp Short Hills, N.J.	55.83	81.88	22,793	18,950	20.3	7,033,769
126	Bremer Financial Corp. St. Paul	55.94	63.11	52,672	47,876	10.0	7,633,014
127	MainSource Financial Group Inc. Greensburg, Ind.	55.96	61.35	18,104	17,293	4.7	2,867,149
128	1867 Western Financial Corp. Stockton, Calif.	55.99	49.35	13,370	13,129	1.8	1,760,048
129	Wilson Bank Holding Co. Lebanon, Tenn.	56.11	72.68	8,672	8,105	7.0	1,394,326
130	Pacific Continental Corp. Eugene, Ore.	56.16	53.42	7,494	6,394	17.2	1,053,727
131	Sunflower Financial Inc. Salina, Kan.	56.19	62.68	12,963	12,160	6.6	1,572,919
132	Southside Bancshares Inc. Tyler, Tex.	56.38	67.17	15,724	11,660	34.9	2,524,098
133	PacWest Bancorp San Diego	56.39	44.37	36,641	34,515	6.2	4,364,506
134	Banorte USA Corp. New York	56.43	56.51	14,318	12,104	18.3	1,990,400
135	F.N.B. Corp. Hermitage, Pa.	56.48	57.39	57,911	41,278	40.3	8,457,351
136	Guaranty Bancorp Denver	56.53	56.03	265,353	18,183	1359.3	2,052,944
137	W.T.B. Financial Corp. Spokane	56.55	54.58	25,035	25,349	1.2	4,063,301
138	Paragon Commercial Corp. Raleigh	56.76	55.39	3,913	4,071	3.9	1,220,623
139	BBVA PR Holding Corp. San Juan, Puerto Rico	56.77	57.57	31,165	30,600	1.8	6,238,399
140	SVB Financial Group Santa Clara, Calif.	57.14	53.67	77,567	78,325	1.0	7,750,748
	First Community Bancshares Inc. Bluefield, Va.	57.14	52.50	14,441	12,836	12.5	1,967,457
142	Univest Corp. of Pennsylvania Souderton	57.21	55.37	13,665	13,082	4.5	2,046,390
	First United Corp. Oakland, Md.	57.21	61.15	9,976	9,625	3.6	1,629,546
144	ServisFirst Bancshares Inc. Birmingham, Ala.	57.27	NA	5,461	NA	NA	1,064,908
145	Bank of Hawaii Corp. Honolulu	57.29	52.14	99,217	84,569	17.3	10,335,046
146	Pinnacle Bancorp Inc. Central City, Neb.	57.37	56.73	35,436	32,981	7.4	5,059,039
147	Central Pacific Financial Corp. Honolulu	57.38	46.23	36,355	30,693	18.4	5,504,304
148	Pinnacle Financial Partners Inc. Nashville	57.45	59.11	23,360	15,112	54.6	4,337,552
149	Coppermark Bancshares Inc. Oklahoma City	57.51	56.82	8,105	7,732	4.8	1,054,351
150	Summit Bancorp Inc. Arkadelphia, Ark.	57.53	59.59	6,206	5,642	10.0	1,014,258

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

SNL Financial