Most Efficient Bank Holding Companies Among the Largest 500

February 14, 2001, 10:08 a.m. EST 1 Min Read

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Most Efficient Bank Holding Companies Among the Largest 500
Third-quarter data; dollars in thousands Published February 14, 2001

				Efficiency Ratio		Noninterest expense
Rank	Company	City	State	3Q 2000	30 1999	3Q 2000	3Q 1999	%Change	Assets Sept. 30, 2000
1	Hershenhorn Bancorp.	Palatine	Ill.	11.58	17.61	$5,534	$5,644	-1.95%	$1,162,318
2	West Bancorp.	W Des Moines	Iowa	28.99	27.58	7,460	6,974	6.97	824,573
3	Amboy Bancorp.	Old Bridge	N.J.	29.3	32.13	13,865	14,207	-2.41	1,382,230
4	Hudson City, MHC	Paramus	N.J.	30.23	28.99	58,623	51,446	13.95	9,161,976
5	Queens County Bancorp	Flushing	N.Y	31.98	28.11	16,839	14,968	12.5	2,160,814
6	SBC Inc.	Countryside	Ill.	33	35.16	6,788	6,134	10.66	594,204
7	GBC Bancorp	Los Angeles	Calif.	33.06	40.23	27,019	25,103	7.63	2,058,528
8	United National Corp.	Sioux Falls	S.D.	35.88	29.63	90,478	38,556	134.67	668,828
9	Cathay Bancorp.	Los Angeles	Calif.	36.65	37.42	28,247	24,021	17.59	2,202,224
10	Bank of Granite Corp.	Granite Falls	N.C.	37.68	42.52	12,995	13,857	-6.22	640,363
11	Trustco Bank Corp N Y	Schenectady	N.Y.	37.74	39.86	35,101	35,055	0.13	2,402,304
12	Valley View Bancshares	Overland Park	Kan.	38.13	40.12	28,491	24,318	17.16	2,018,375
13	NSB Holding Corp.	Ithaca	N.Y.	38.36	43.65	7,079	7,760	-8.78	644,193
14	China Trust Holdings, N.V.	New York	N.Y.	39	48.4	21,646	20,645	4.85	1,525,860
15	Merchants NY Bancorp	New York	N.Y.	39.18	43.48	19,642	19,083	2.93	1,439,849
16	Brookline Bancorp, MHC	Brookline	Mass.	39.54	36.06	12,552	10,635	18.03	970,321
17	Royal Bancshares of PA Inc	Narberth	Pa.	39.79	41.09	10,985	9,422	16.59	599,495
18	Corus Bankshares	Chicago	Ill.	39.96	43.29	39,622	40,703	-2.66	2,554,287
19	Silicon Valley Bancshares	Santa Clara	Calif.	39.97	48.84	146,544	83,050	76.45	5,498,088
20	First National Bancshares	E Lansing	Mich.	40.6	31.04	15,522	10,062	54.26	896,216
21	Delta Bancshares	St Louis	Mo.	40.79	42.31	6,298	6,078	3.62	606,631
22	S & T Bancorp	Indiana	Pa.	41.7	41.6	34,294	32,412	5.81	2,296,269
23	Frontier Financial Corp.	Everett	Wash.	42.13	39.21	27,960	20,193	38.46	1,625,250
24	Boiling Springs, MHC	Rutherford	N.J.	43.26	N./A	7,421	N/A	N./A	640,808
25	Ames National Corp.	Ames	Iowa	43.53	42.73	8,174	8,293	-1.43	632,290
26	City National Bancshares	Miami	Fla.	43.98	47.64	29,854	27,340	9.2	1,779,584
27	Barret Bancorp	Barretville	Tenn.	44.08	43.37	7,916	7,611	4.01	516,489
28	W Holding Company	Mayaguez	P.R.	44.38	N./A	36,469	N/A	N./A	4,039,248
29	Valley National Bancorp	Wayne	N.J.	44.52	44.17	103,680	101,424	2.22	6,266,398
30	American Holding Co.	Highland Park	Ill.	44.61	42.14	4,147	3,709	11.81	588,368
31	Stearns Financial Services	St Cloud	Minn.	44.81	39.81	16,998	13,891	22.37	919,194
32	Capital Holdings	Sylvania	Ohio	44.84	47.23	12,132	10,970	10.59	1,084,667
33	BSB Bancorp	Binghamton	N.Y.	45.02	53.67	36,066	39,358	-8.36	2,336,458
34	Mercantile Bankshares	Baltimore	Md.	45.12	47	179,662	171,588	4.71	8,647,898
35	Mississippi Valley Bncshrs	St Louis	Mo.	45.17	39.42	23,491	20,410	15.1	1,824,216
36	Ucbh Holdings	San Francisco	Calif.	45.28	50.44	29,670	28,043	5.8	2,407,385
37	Fifth Third Bancorp	Cincinnati	Ohio	45.38	41.63	846,367	584,328	44.84	44,395,900
38	Hillcrest Bancshares	Overland Park	Kan.	45.46	52.21	12,574	9,444	33.14	796,660
39	United Bankshares	Charleston	W.Va.	45.55	49.77	80,712	87,269	-7.51	4,950,442
40	Northern States Fin Corp.	Waukegan	Ill.	45.56	46.04	7,395	7,427	-0.43	515,566
	Security Banc Corp.	Springfield	Ohio	45.56	46.1	17,428	17,237	1.11	986,529
42	Texas Regional Bancshares	Mcallen	Tex.	46.02	44.79	40,741	32,576	25.06	2,317,005
43	Financial Institutions	Warsaw	N.Y.	46.05	47.69	22,043	19,993	10.25	1,261,740
44	North Fork Bancorp	Melville	N.Y.	46.12	34.56	240,502	132,593	81.38	14,739,902
45	International Bncshrs	Laredo	Tex.	46.13	47.99	80,501	78,749	2.22	5,844,962
46	First Independent Invest Grp	Vancouver	Wash.	46.37	48.9	12,817	12,321	4.03	655,948
47	Massbank Corp.	Reading	Mass.	46.39	47.2	9,353	9,324	0.31	932,444
48	Investors Bancorp, MHC.	Millburn	N.J.	46.49	44.91	25,478	25,245	0.92	4,913,922
49	Central Coast Bancorp	Salinas	Calif.	46.68	51.24	12,754	11,745	8.59	642,928
50	Marine Bancorp	Springfield	Ill.	46.87	48.85	6,820	5,903	15.53	573,539
51	Stockman Financial Corp.	Miles City	Mont.	46.88	46.97	9,170	7,908	15.96	561,470
52	American National Bankshares	Danville	Va.	46.93	47.25	9,392	8,499	10.51	522,918
53	Park National Corp.	Newark	Ohio	47.05	45.47	60,857	49,029	24.12	3,212,184
54	FBOP Corp.	Oak Park	Ill.	47.18	46.21	93,118	82,086	13.44	5,398,304
55	East West Bancorp	San Marino	Calif.	47.49	47.96	38,730	30,938	25.19	2,384,809
56	Inwood Bancshares	Dallas	Tex.	47.67	42.85	13,021	7,606	71.19	562,905
57	National City Bancorp	Minneapolis	Minn.	47.81	47.69	22,558	21,613	4.37	1,184,532
58	CVB Financial Corp.	Ontario	Calif.	47.84	53.4	43,666	37,788	15.56	2,216,916
59	United Bancorporation of WY	Jackson	Wyo.	47.85	48.77	12,312	10,917	12.78	678,083
60	Great Southern Bancorp	Springfield	Mo.	47.97	51.71	18,374	18,634	-1.4	1,060,035
	Wilber Corp.	Oneonta	N.Y.	47.97	46.95	9,633	9,298	3.6	550,966
62	Comerica Inc.	Detroit	Mich.	48.01	49.88	893,425	829,144	7.75	40,939,942
	Charter One Financial	Cleveland	Ohio	48.01	44.73	463,085	334,320	38.52	32,824,512
64	U.S.B. Holding Co.	Orangeburg	N.Y.	48.2	50.92	23,924	21,997	8.76	1,836,466
65	Bancorp Connecticut	Southington	Conn.	48.39	53.46	8,692	8,992	-3.34	593,930
66	Hanmi Financial Corp.	Los Angeles	Calif.	48.57	N./A	19,702	N/A	N./A	945,730
67	Medford Bancorp	Medford	Mass.	48.62	50.76	14,810	14,138	4.75	1,307,140
68	Firstar Corp.	Milwaukee	Wis.	48.77	56.5	1,547,527	1,734,147	-10.76	74,506,369
69	Pacific Crest Capital	Agoura Hills	Calif.	48.86	N./A	6,968	N/A	N./A	655,443
70	American National Corp.	Omaha	Neb.	48.88	49.38	13,070	12,465	4.85	687,396
71	Minnwest Corp.	Minnetonka	Minn.	48.89	49.6	12,320	10,953	12.48	764,529
72	First Bancorp	San Juan	P.R.	48.95	46.03	85,255	74,102	15.05	5,648,674
73	Cummins-American Corp.	Glenview	Ill.	49.01	53.85	15,321	14,741	3.93	696,164
74	Emigrant Bancorp	New York	N.Y.	49.16	49.01	101,317	93,732	8.09	7,874,995
75	Great Western Securities	Omaha	Neb.	49.27	61.02	15,611	14,423	8.24	650,425
76	NEB Corp.	Fond Du Lac	Wis.	49.3	59.99	16,021	16,554	-3.22%	886,728
77	Andover Bancorp	Andover	Mass.	49.31	42.39	20,949	16,233	29.05	1,776,868
78	DFC Acquisition Corp. Two	Kansas City	Mo.	49.83	49.14	61,381	53,865	13.95	2,671,604
	Hudson Valley Holding Corp.	Yonkers	N.Y.	49.83	50.34	19,074	16,853	13.18	1,234,216
80	Security National Corp.	Sioux City	Iowa	50.28	50.13	14,895	14,448	3.09	771,039
	Summit Bancshares	Fort Worth	Tex.	50.28	50.63	12,150	11,298	7.54	596,302
82	ACNB Corp.	Gettysburg	Pa.	50.3	52.27	9,807	9,896	-0.9	567,805
83	First Financial Corp.	Terre Haute	Ind.	50.53	52.89	32,082	32,833	-2.29	1,999,284
84	First Community Bancshares	Bluefield	Va.	50.6	48.77	23,458	20,271	15.72	1,132,034
85	Firstmerit Corp.	Akron	Ohio	50.66	62.17	207,723	252,338	-17.68	10,372,411
86	Bankfirst Corp.	Sioux Falls	S.D.	50.71	53.01	114,587	94,088	21.79	730,243
87	West Suburban Bancorp	Lombard	Ill.	50.82	48.36	25,141	24,174	4	1,413,188
88	Centennial Bancorp	Eugene	Ore.	50.96	49.65	20,636	16,048	28.59	833,123
89	Sun Bancorp	Selinsgrove	Pa.	51.07	46.82	9,918	8,809	12.59	746,080
90	Doral Financial Corp.	San Juan	P.R.	51.13	54.75	76,807	70,993	8.19	5,192,292
91	CIB Marine Bancshares	Pewaukee	Wis.	51.16	54.54	31,153	24,104	29.24	2,226,622
92	Fulton Financial Corp.	Lancaster	Pa.	51.17	53.03	121,409	120,733	0.56	6,478,773
93	Horizon Financial Corp.	Bellingham	Wash.	51.29	49.97	10,422	9,840	5.91	737,450
94	First Citizens Fin. Corp.	Mason City	Iowa	51.38	50.81	8,944	8,586	4.17	727,204
95	Westamerica Bancorp.	San Rafael	Calif.	51.45	43.62	104,118	74,459	39.83	3,984,393
96	Camden National Corp.	Camden	Maine	51.52	52.32	18,785	14,763	27.24	1,011,352
97	State Bancorp	New Hyde Park	N.Y.	51.74	51.44	16,194	15,059	7.54	936,746
98	Trinity Capital Corp.	Los Alamos	N.M.	51.78	52.45	10,761	9,712	10.8	649,233
99	Bank of New York Co.	New York	N.Y.	51.84	39.12	1,865,322	1,536,715	21.38	75,409,052
100	Greenpoint Financial Corp.	New York	N.Y.	52	58.81	385,071	415,186	-7.25	15,325,225
101	Summit Bancorp.	Princeton	N.J.	52.06	50.81	705,067	625,757	12.67	39,462,013
102	Parkway Bancorp	Harwood Heights	Ill.	52.08	51.58	17,682	16,206	9.11	1,149,384
103	Regions Financial Corp.	Birmingham	Ala.	52.18	52.89	815,833	787,665	3.58	43,847,122
104	Suffolk Bancorp	Riverhead	N.Y.	52.41	56.95	23,486	22,677	3.57	1,019,493
105	First Natl Community Bancorp	Dunmore	Pa.	52.42	52.88	8,630	7,958	8.44	572,013
106	Prosperity Bancshares	Houston	Tex.	52.43	52.75	10,948	8,124	34.76	691,866
107	Sky Financial Group	Bowling Green	Ohio	52.49	70.1	173,927	231,134	-24.75	8,258,745
108	Lauritzen Corp.	Omaha	Neb.	52.51	47.01	28,845	28,285	1.98	1,128,260
109	First Financial Bkshrs	Abilene	Tex.	52.78	55.71	38,793	38,863	-0.18	1,696,971
110	First Merchants Corp.	Muncie	Ind.	52.93	51.97	29,481	27,413	7.54	1,600,938
	First Mutual Bancshares	Bellevue	Wash.	52.93	N./A	8,736	N/A	N./A	628,435
112	Associated Banc-Corp	Green Bay	Wis.	53	54.25	239,807	229,421	4.53	13,120,002
113	Trustmark Corp.	Jackson	Miss.	53.02	52.73	142,637	140,116	1.8	6,805,556
114	Integra Bank Corp.	Evansville	Ind.	53.09	53.13	46,460	44,288	4.9	2,709,662
115	Mid-America Bancorp	Louisville	Ky.	53.21	56.09	35,386	35,724	-0.95	1,560,059
116	Harleysville National Corp.	Harleysville	Pa.	53.32	50.32	33,580	27,649	21.45	1,899,996
117	Farmers & Merchants Bancorp	Archbold	Ohio	53.51	53.76	10,995	10,336	6.38	627,390
118	Midwest Banc Holdings	Melrose Park	Ill.	53.55	55.79	21,598	19,120	12.96	1,421,844
119	U.S. Bancorp	Minneapolis	Minn.	53.66	50.74	2,700,900	2,268,900	19.04	86,349,000
120	Hamilton Bancorp	Miami	Fla.	53.73	37.61	32,441	21,918	48.01	1,706,663
121	Hudson United Bancorp	Mahwah	N.J.	53.78	49.95	170,245	123,248	38.13	6,991,239
	Yardville National Bancorp	Mercerville	N.J.	53.78	54.87	16,971	13,353	27.1	1,392,258
123	Wells Fargo & Co.	San Francisco	Calif.	53.8	58.24	7,836,000	7,164,000	9.38	241,119,000
124	First Financial Bancorp	Hamilton	Ohio	53.88	58.43	88,518	91,768	-3.54	3,986,314
125	Beacon Bancorp	Taunton	Mass.	53.99	54.54	10,177	9,148	11.25	643,558
	First of Long Island Corp.	Glen Head	N.Y.	53.99	52.55	13,077	12,346	5.92	621,055
127	Hibernia Corp.	New Orleans	La.	54.02	54.5	351,119	328,862	6.77	16,239,133
128	Bessemer Group Inc	Woodbridge Twp	N.J.	54.04	61.28	90,752	76,479	18.66	1,309,327
129	Firstbank Holding Co.	Lakewood	Colo.	54.1	54.69	102,728	96,376	6.59	4,713,942
	Firstier Corp.	Northglenn	Colo.	54.1	59.72	17,913	11,334	58.05	933,528
131	Arrow Financial Corp.	Glens Falls	N.Y.	54.31	55.6	20,732	20,104	3.12	1,067,077
132	Greater Bay Bancorp	Palo Alto	Calif.	54.34	56.27	105,050	45,131	132.77	4,328,733
133	NBC Capital Corp.	Starkville	Miss.	54.42	65.2	22,104	25,179	-12.21	963,483
134	F & M Bancorp.	Tulsa	Okla.	54.63	56.4	18,111	16,408	10.38	860,044
135	First South Bancorp	Lexington	Tenn.	54.64	51.88	10,944	8,884	23.19	524,523
136	Chemical Financial Corp.	Midland	Mich.	54.67	55.18	39,578	38,694	2.28	1,977,411
137	M&T Bank Corp.	Buffalo	N.Y.	54.74	54.07	460,266	429,911	7.06	22,008,914
138	First Midwest Bancorp	Itasca	Ill.	54.75	56.61	109,275	112,461	-2.83	5,964,538
139	First Bank Corp.	Fort Smith	Ark.	54.79	56.82	19,738	19,739	-0.01	857,517
140	Oak Hill Financial	Jackson	Ohio	54.87	47.94	11,331	7,931	42.87	672,405
141	First National Bancorp	Joliet	Ill.	54.9	55.11	19,071	18,605	2.5	1,075,980
142	Wilmington Trust Corp.	Wilmington	Del.	55	54.26	196,556	178,357	10.2	7,437,497
143	Chambers Bancshares	Danville	Ark.	55.08	57.25	13,096	12,381	5.77	798,008
	RCB Holding Co.	Claremore	Okla.	55.08	56.9	11,860	10,296	15.19	521,051
145	New Lenox Holding Co.	New Lenox	Ill.	55.12	54.54	11,324	10,088	12.25	702,575
146	Fleetboston Financial Corp.	Boston	Mass.	55.25	56.5	6,782,000	3,423,000	98.13	179,093,000
147	Wayne Bancorp	Wooster	Ohio	55.26	53.99	11,205	10,709	4.63	558,568
148	Colonial BancGroup	Montgomery	Ala.	55.33	57.38	209,217	226,006	-7.43	11,481,825
149	Community Banks	Millersburg	Pa.	55.4	54.71	19,385	17,019	13.9	1,109,023
150	Glacier Bancorp	Kalispell	Mont.	55.41	52.08	23,110	17,418	32.68	1,027,230

Note: Only bank holding companies that file Y9-C reports to the Federal Reserve were included.
Source: Sheshunoff Information Services
© 2001 American Banker