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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

May 12, 2009, 10:08 a.m. EDT 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesAmong the largest 500 in the fourth quarter of 2008. Dollars in thousands.
Published May 12, 2009
Rank   Efficiency Ratio* Noninterest Expenses 4Q 2008
assets
4Q 2008 4Q 2007 4Q 2008 4Q 2007 Change
1 Broadway Bancorp Inc. Chicago 20.82% 11.17% $10,807 $6,948 55.5% $1,198,828
2 NRBC Holding Corp. Chicago 29.07 NA 9,935 NA NA 1,059,194
3 Bank of Highland Park Financial Corp. Ill. 39.08 43.74 11,649 10,491 11.0 1,365,776
4 Westamerica Bancorp. San Rafael, Calif. 39.52 40.24 102,999 101,428 1.5 4,044,273
5 Oriental Financial Group Inc. San Juan, Puerto Rico 40.10 44.78 72,741 66,858 8.8 6,198,098
6 Stearns Financial Services Inc. St. Cloud, Minn. 40.91 33.99 29,019 35,917 -19.2 1,101,025
7 Hillcrest Bancshares Inc. Overland Park, Kan. 40.94 27.89 27,972 21,989 27.2 1,935,040
8 Bank of the Ozarks Inc. Little Rock 41.06 46.31 54,398 48,252 12.7 3,233,303
9 Cathay General Bancorp El Monte, Calif. 41.17 36.25 138,565 129,300 7.2 11,582,639
10 Parkway Bancorp Inc. Harwood Heights, Ill. 42.23 48.29 32,137 32,724 -1.8 2,614,872
Ida Grove Bancshares Inc. Iowa 42.23 40.22 18,271 15,239 19.9 1,078,764
12 Prosperity Bancshares Inc. Houston 42.27 40.03 129,151 116,369 11.0 9,081,436
13 SBC Inc. Countryside, Ill. 43.26 33.88 16,358 17,352 -5.7 986,864
14 Frontier Financial Corp. Everett, Wash. 43.76 37.94 157,843 76,778 105.6 4,104,296
15 Wilshire Bancorp Inc. Los Angeles 43.98 42.02 47,506 45,846 3.6 2,450,006
16 Intervest Bancshares Corp. New York 44.01 25.27 18,873 12,875 46.6 2,271,833
17 West Bancorp. Inc. West Des Moines 44.04 42.61 26,956 24,732 9.0 1,553,188
18 S&T Bancorp Inc. Indiana, Pa. 44.15 46.31 84,431 73,413 15.0 4,438,368
19 Lakeside Bancorp Inc. Chicago 44.27 47.35 15,466 16,767 -7.8 995,448
20 U.S. Bancorp Minneapolis 44.58 45.98 7,326,000 6,774,000 8.1 267,032,000
21 Tennessee Commerce Bancorp Inc. Franklin 45.38 44.03 17,608 13,263 32.8 1,218,084
22 Farmers and Merchants Bancorp Lodi, Calif. 45.50 50.27 37,959 41,961 -9.5 1,685,216
23 United National Corp. Sioux Falls, S.D. 45.94 43.40 380,995 389,965 -2.3 1,540,915
24 City Holding Co. Charleston, W.Va. 45.96 45.82 74,954 71,113 5.4 2,582,406
25 First Bancorp Inc. Damariscotta, Maine 46.26 49.65 22,899 22,167 3.3 1,325,744
26 East West Bancorp Inc. Pasadena, Calif. 47.35 39.22 194,309 184,276 5.4 12,423,491
27 San Joaquin Bancorp Bakersfield, Calif. 47.41 47.28 17,484 16,222 7.8 936,008
28 Amarillo National Bancorp Inc. Tex. 47.47 52.55 63,601 62,723 1.4 2,715,857
29 Apple Financial Holdings Inc. New York 47.61 34.51 74,851 72,998 2.5 6,866,518
30 HSBC North America Holdings Inc. Mettawa, Ill. 48.39 52.16 10,787,974 16,654,446 -35.2 434,715,911
31 Sierra Bancorp Porterville, Calif. 48.60 49.54 35,611 35,568 0.1 1,326,292
32 United Bankshares Inc. Charleston, W.Va. 48.72 50.00 170,835 157,489 8.5 8,102,091
33 CVB Financial Corp. Ontario, Calif. 49.20 53.12 127,031 116,197 9.3 6,654,354
34 Porter Bancorp Inc. Louisville 49.22 45.90 27,494 22,070 24.6 1,647,857
35 FirstBank Holding Co. Lakewood, Colo. 49.23 54.61 237,554 203,960 16.5 9,278,304
36 Glacier Bancorp Inc. Kalispell, Mont. 49.43 52.66 144,954 137,063 5.8 5,553,970
37 Cashmere Valley Financial Corp. Wash. 49.50 51.86 20,965 18,799 11.5 1,001,172
38 New York Private Bank and Trust Corp. 49.63 55.25 223,808 214,204 4.5 14,744,507
39 Beverly Hills Bancorp Inc. Calabasas, Calif. 49.75 44.24 13,988 17,570 -20.4 1,496,481
40 Hanmi Financial Corp. Los Angeles 49.92 42.62 193,918 187,358 3.5 3,875,824
41 PacWest Bancorp San Diego 50.04 44.53 901,672 142,382 533.3 4,497,183
42 Virginia Commerce Bancorp Inc. Arlington 50.05 47.58 44,776 39,695 12.8 2,715,922
43 Great Southern Bancorp Inc. Springfield, Mo. 50.16 49.35 54,998 52,274 5.2 2,660,746
44 Villages Bancorp. Inc. The Villages, Fla. 50.17 58.13 20,671 22,061 -6.3 1,024,726
45 First Financial Bankshares Inc. Abilene, Tex. 50.18 51.97 91,587 86,826 5.5 3,212,385
46 Inwood Bancshares Inc. Dallas 50.37 48.45 27,688 27,867 -0.6 1,367,841
47 Suffolk Bancorp Riverhead, N.Y. 50.72 52.16 42,701 40,385 5.7 1,582,818
48 First BanCorp. San Juan, Puerto Rico 50.97 56.81 323,740 308,005 5.1 19,491,268
49 Valley View Bancshares Inc. Overland Park, Kan. 51.15 42.13 66,992 63,459 5.6 3,024,688
50 First National Community Bancorp Inc. Dunmore, Pa. 51.16 49.46 25,717 23,835 7.9 1,313,759
51 First Citizens Financial Corp. Mason City, Iowa 51.19 56.57 19,197 19,643 -2.3 991,406
52 Bank of America Corp. Charlotte 51.20 52.89 41,427,424 37,203,152 11.4 1,822,068,028
53 Park National Corp. Newark, Ohio 51.42 53.96 234,501 224,164 4.6 7,070,720
54 Camden National Corp. Maine 51.43 51.37 46,816 33,686 39.0 2,341,496
55 BB&T Corp. Winston-Salem, N.C. 51.51 52.51 3,901,830 3,634,605 7.4 152,015,025
56 NEB Corp. Fond Du Lac, Wis. 51.59 48.84 34,185 32,703 4.5 1,366,504
57 Umpqua Holdings Corp. Portland, Ore. 51.63 58.95 208,976 214,591 -2.6 8,605,203
58 Associated Banc-Corp Green Bay, Wis. 51.69 52.35 552,828 534,297 3.5 24,198,697
59 National Americas Holdings LLC New York 51.77 NA 58,415 NA NA 4,423,292
60 Nara Bancorp Inc. Los Angeles 51.78 46.59 59,424 56,449 5.3 2,672,054
61 Capital One Financial Corp. McLean, Va. 51.83 53.77 8,195,333 7,954,718 3.0 165,913,451
62 Cascade Financial Corp. Everett, Wash. 51.85 51.72 28,114 26,269 7.0 1,637,319
63 American National Corp. Omaha 52.02 48.88 43,207 40,248 7.4 1,780,182
64 Smithtown Bancorp Inc. Hauppauge, N.Y. 52.07 52.46 31,950 26,954 18.5 1,865,390
65 Commonwealth Bankshares Inc. Norfolk 52.36 51.71 20,110 20,132 -0.1 1,085,294
66 American State Financial Corp. Lubbock 52.43 54.83 59,911 55,833 7.3 2,203,424
67 Summit Financial Group Inc. Moorefield, W.Va. 52.48 74.19 29,433 36,354 -19.0 1,627,063
68 Hudson Valley Holding Corp. Yonkers, N.Y. 52.55 52.71 72,066 66,508 8.4 2,542,638
69 First Midwest Bancorp Inc. Itasca, Ill. 52.73 52.11 192,347 197,450 -2.6 8,530,940
70 M&T Bank Corp. Buffalo 52.92 52.28 1,626,550 1,565,955 3.9 65,815,757
71 Bank of Marin Bancorp Novato, Calif. 53.01 56.92 28,663 27,674 3.6 1,049,557
72 FSB Mutual Holdings Inc. Perkasie, Pa. 53.13 49.24 14,992 13,292 12.8 1,069,546
73 Citizens Financial Group Inc. Providence, R.I. 53.49 48.65 4,951,034 3,167,018 56.3 160,444,183
74 Doral GP Ltd. San Juan, Puerto Rico 53.52 232.24 208,095 147,181 41.4 10,355,717
75 National Penn Bancshares Inc. Boyertown, Pa. 53.54 55.83 216,531 138,773 56.0 9,395,588
76 Lakeland Financial Corp. Warsaw, Ind. 53.76 55.73 47,457 42,244 12.3 2,378,017
77 UCBH Holdings Inc. San Francisco 53.86 46.48 214,485 175,753 22.0 13,526,809
78 Dickinson Financial Corp. II Kansas City, Mo. 53.95 51.37 185,586 187,420 -1.0 6,095,996
79 ServisFirst Bancshares Inc. Birmingham, Ala. 54.03 54.06 20,576 14,798 39.0 1,162,272
80 Hills Bancorp. Iowa 54.07 55.49 39,102 35,827 9.1 1,780,793
81 Bank of Hawaii Corp. Honolulu 54.33 53.72 393,557 348,189 13.0 10,763,475
82 Wells Fargo & Co. San Francisco 54.34 57.56 23,085,000 22,758,000 1.4 1,309,639,000
83 BancWest Corp. San Francisco 54.39 55.06 1,579,326 1,468,834 7.5 79,858,266
84 First Chicago Bancorp Itasca, Ill. 54.43 53.85 59,532 19,846 200.0 1,300,147
85 Valley National Bancorp Wayne, N.J. 54.52 49.26 285,248 251,164 13.6 14,718,129
86 Arrow Financial Corp. Glens Falls, N.Y. 54.65 57.31 42,398 37,940 11.8 1,665,086
87 Fifth Third Bancorp Cincinnati 54.91 59.69 4,564,269 3,310,403 37.9 119,763,812
88 Lakeland Bancorp Inc. Oak Ridge, N.J. 54.93 60.06 60,070 58,190 3.2 2,643,062
89 First Regional Bancorp Century City, Calif. 55.05 50.08 58,351 58,319 0.1 2,463,196
90 NBT Bancorp Inc. Norwich, N.Y. 55.15 53.01 147,198 123,502 19.2 5,336,088
91 CM Florida Holdings Inc. Coral Gables 55.17 NA 12,218 NA NA 4,343,645
92 Southside Bancshares Inc. Tyler, Tex. 55.19 64.92 60,178 47,274 27.3 2,700,238
93 Pacific Continental Corp. Eugene, Ore. 55.20 53.43 29,541 25,841 14.3 1,092,095
94 Trustmark Corp. Jackson, Miss. 55.29 57.46 283,299 276,426 2.5 9,790,909
95 Marshall & Ilsley Corp. Milwaukee 55.31 55.15 2,927,076 1,311,002 123.3 62,517,618
Cascade Bancorp Bend, Ore. 55.31 46.81 62,885 62,510 0.6 2,376,631
97 First Financial Corp. Terre Haute, Ind. 55.38 57.10 66,478 64,650 2.8 2,304,922
98 Crews Banking Corp. Wauchula, Fla. 55.46 54.51 31,366 30,490 2.9 1,137,461
99 WNB Bancshares Inc. Odessa, Tex. 55.64 51.65 23,352 19,843 17.7 953,243
100 SVB Financial Group Santa Clara, Calif. 55.66 56.70 300,946 339,065 -11.2 9,751,359
101 Huntington Bancshares Inc. Columbus, Ohio 55.68 62.86 1,436,177 1,314,822 9.2 54,355,998
102 American Chartered Bancorp Inc. Schaumburg, Ill. 55.82 53.42 54,494 48,594 12.1 3,162,917
103 Peoples Bancorp Inc. Marietta, Ohio 55.84 57.02 53,485 51,452 4.0 2,002,818
104 BBVA PR Holding Corp. San Juan, Puerto Rico 55.87 58.11 128,619 123,737 3.9 6,037,142
105 Amboy Bancorp. Old Bridge, N.J. 55.92 27.13 35,323 30,270 16.7 2,629,739
106 First Bank Corp Fort Smith, Ark. 56.12 50.55 43,106 41,147 4.8 1,423,929
107 Olney Bancshares of Texas Inc. 56.30 47.72 42,214 33,985 24.2 1,603,940
108 Fulton Financial Corp. Lancaster, Pa. 56.31 61.02 496,625 405,455 22.5 16,185,106
109 First Bancorp Inc. Lebanon, Va. 56.33 54.38 25,100 23,783 5.5 998,736
110 Orrstown Financial Services Inc. Shippensburg, Pa. 56.35 55.93 27,880 24,848 12.2 1,051,783
111 Citizens and Northern Corp. Wellsboro, Pa. 56.45 67.37 33,446 33,137 0.9 1,281,637
112 Republic Bancorp Inc. Louisville 56.52 65.86 107,486 87,256 23.2 3,939,368
113 Cullen/Frost Bankers Inc. San Antonio 56.59 56.23 481,282 457,073 5.3 15,131,905
114 Bremer Financial Corp. St. Paul 56.86 59.51 212,838 198,294 7.3 7,719,803
115 Broadway Bancshares Inc. San Antonio 56.89 58.04 67,459 61,965 8.9 1,887,546
116 International Bancshares Corp. Laredo, Tex. 56.90 59.45 301,157 299,412 0.6 12,439,341
117 First of Long Island Corp. Glen Head, N.Y. 56.92 59.72 29,689 27,384 8.4 1,261,609
118 S.Y. Bancorp Inc. Louisville 56.93 55.71 49,437 47,889 3.2 1,628,763
119 Wilson Bank Holding Co. Lebanon, Tenn. 57.10 58.78 34,507 31,792 8.5 1,397,342
120 Paragon Commercial Corp. Raleigh 57.20 55.38 16,096 15,752 2.2 1,238,125
121 Chemical Financial Corp. Midland, Mich. 57.23 58.73 108,549 105,298 3.1 3,874,313
122 Pinnacle Bancorp Inc. Central City, Neb. 57.29 58.44 138,796 128,210 8.3 5,162,792
123 Zions Bancorp. Salt Lake City 57.38 55.10 1,811,963 1,412,127 28.3 55,339,951
124 Investors Bancorp Short Hills, N.J. 57.39 78.82 83,804 74,985 11.8 7,186,399
First United Corp. Oakland, Md. 57.39 61.41 40,576 38,475 5.5 1,635,408
126 Lone Star National Bancshares-Texas Inc. Pharr 57.40 53.28 40,107 39,080 2.6 1,776,994
127 First Bancorp Troy, N.C. 57.44 58.46 62,615 57,528 8.8 2,755,977
128 Hyde Park Bancorp Mass. 57.53 NA 12,044 NA NA 965,907
129 First Interstate BancSystem Inc. Billings, Mont. 57.65 59.49 205,480 172,529 19.1 6,627,161
130 Bar Harbor Bankshares Maine 57.84 60.45 20,514 18,201 12.7 972,288
131 Durant Bancorp Inc. Okla. 57.87 54.55 59,279 51,981 14.0 2,041,274
132 Community Trust Bancorp Inc. Pikeville, Ky. 57.95 57.18 82,532 83,055 -0.6 2,954,531
133 Banorte USA Corp. New York 57.97 54.57 56,725 47,453 19.5 1,994,607
134 W.T.B. Financial Corp. Spokane 58.14 54.98 102,656 100,598 2.0 4,088,909
TriCo Bancshares Chico, Calif. 58.14 59.43 68,738 68,904 -0.2 2,043,190
136 MainSource Financial Group Inc. Greensburg, Ind. 58.21 61.91 73,999 68,020 8.8 2,899,835
137 PNC Financial Services Group Inc. Pittsburgh 58.22 62.50 4,417,457 4,296,106 2.8 291,092,876
138 BBVA USA Bancshares Inc. Houston 58.53 56.56 2,472,154 833,663 196.5 62,305,413
Central Bancompany Inc. Jefferson City, Mo. 58.53 61.68 280,873 253,071 11.0 8,962,338
140 Univest Corp. of Pennsylvania Souderton 58.56 55.82 57,225 52,211 9.6 2,084,797
141 First Bancshares Inc. Merrillville, Ind. 58.68 60.20 57,363 53,540 7.1 1,968,570
142 FirstMerit Corp. Akron 58.69 61.12 330,655 330,262 0.1 11,101,201
143 Bank of Kentucky Financial Corp. Crestview Hills 58.81 63.16 34,223 33,719 1.5 1,255,382
144 Macon Bancorp Franklin, N.C. 58.82 53.79 21,362 21,563 -0.9 1,115,950
145 BOK Financial Corp. Tulsa 58.91 58.58 610,883 563,199 8.5 22,840,287
146 Sandy Spring Bancorp Inc. Olney, Md. 58.95 61.92 102,089 99,787 2.3 3,313,638
147 Barnes Bancorp. Kaysville, Utah 58.97 38.80 20,715 21,377 -3.1 971,173
148 RCB Holding Co. Inc. Claremore, Okla. 59.02 61.13 34,408 32,317 6.5 1,297,893
149 Columbia Banking System Inc. Tacoma 59.06 62.66 94,419 91,153 3.6 3,097,250
150 Centrue Financial Corp. St. Louis 59.09 62.06 35,409 37,303 -5.1 1,400,711


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
, Charlottesville, Va.
© 2009 American Banker

Banks, thrifts and holding companies