Most Efficient U.S. Bank Holding companies Among the Largest 500

September 06, 2001, 10:08 a.m. EDT 1 Min Read

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Most Efficient U.S. Bank Holding companies Among the Largest 500*
First-quarter data; dollars in thousands Published September 6, 2001

Rank		1Q efficiency ratio 2001**	1Q efficiency ratio 2000**	Noninterest expense 2001	Noninterest expense 2000	Noninterest expense change	Assets 31-Mar-01
1	Hershenhorn Bancorp. Palatine, Ill.	13.57%	11.25%	$2,313	$1,918	20.59%	$1,266,133
2	Hudson City MHC Paramus, N.J.	29.04	29.24	19,731	18,858	4.63	9,617,849
3	West Bancorp. Inc. W Des Moines, Iowa	30.96	29.72	2,643	2,568	2.92	867,428
4	Investors Bancorp MHC. Millburn, N.J.	31.87	43.81	8,824	8,597	2.64	4,724,193
5	North Fork Bancorp. Melville, N.Y.	34.21	70.29	62,848	113,364	-44.56	15,045,225
6	SBC Inc. Countryside, Ill.	34.95	36.28	2,423	2,357	2.8	611,617
7	GBC Bancorp Los Angeles	35.49	34.55	8,908	9,307	-4.29	2,030,829
8	United National Corp. Sioux Falls, S.D.	35.77	27.05	37,928	16,601	128.47	721,477
9	NSB Holding Corp. Ithaca, N.Y.	36.79	38.8	2,387	2,365	0.93	958,916
10	Royal Bancshares of Pennsylvania Inc. Narberth	37.81	37.83	3,420	3,182	7.48	625,530
11	Corus Bankshares Inc. Chicago	38.7	38.36	13,140	11,822	11.15	2,622,596
12	MBT Financial Corp. Monroe, Mich.	38.75	N/A	6,128	N/A	N/A	1,430,475
13	Delta Bancshares Co. St Louis, Mo.	39.72	40.97	2,091	2,078	0.63	630,790
14	Bank of Granite Corp. Granite Falls, N.C.	39.81	39.08	4,496	4,208	6.84	702,689
15	Trustco Bank Corp. New York Schenectady	40.41	39.34	12,261	11,922	2.84	2,495,056
16	Great Southern Bancorp Inc. Springfield, Mo.	40.7	49.83	6,790	6,106	11.2	1,168,443
17	Cathay Bancorp Inc. Los Angeles	41.51	37.94	11,226	9,318	20.48	2,261,999
18	S & T Bancorp Inc. Indiana, Pa.	41.79	42.35	11,691	11,338	3.11	2,329,790
19	Amboy Bancorp. Old Bridge, N.J.	42.22	36.96	6,694	5,481	22.13	1,539,881
20	Pacific Capital Bancorp Santa Barbara, Calif.	42.37	41.68	38,050	28,888	31.72	3,939,011
21	Silicon Valley Bancshares Santa Clara, Calif.	42.48	38.48	45,355	47,519	-4.55	4,801,943
22	Fifth Third Bancorp Cincinnati	42.55	44.83	293,658	273,901	7.21	47,014,747
23	W Holding Co. Inc. Mayaguez, P.R.	42.73	46.84	14,245	13,077	8.93	4,672,983
24	Valley View Bancshares Inc. Overland Park, Kan.	42.77	34.88	10,797	8,749	23.41	2,054,294
25	American Holding Co. Highland Park, Ill.	44.06	45	1,506	1,387	8.58	571,159
	New York Community Bancorp Inc. Westbury	44.06	32.11	20,902	5,637	270.8	4,634,508
27	Ames National Corp. Ames, Iowa	44.11	48.41	2,865	3,005	-4.66	639,744
28	Brookline Bancorp MHC Brookline, Mass.	44.19	36.43	4,918	3,747	31.25	1,062,623
29	Westamerica Bancorp. San Rafael, Calif.	44.27	43.11	25,576	24,422	4.73	3,882,351
30	Hudson Valley Holding Corp. Yonkers, N.Y.	44.36	48.84	6,046	6,078	-0.53	1,297,997
31	China Trust Holdings N.V. New York	44.52	43.4	8,057	7,332	9.89	1,705,333
32	Doral Financial Corp. San Juan, P.R.	44.56	51	24,279	24,438	-0.65	5,735,484
33	Massbank Corp. Reading, Mass.	44.92	46.36	2,866	3,175	-9.73	958,622
34	City National Bancshares Miami	44.93	44.55	10,219	9,737	4.95	1,878,941
35	Stearns Financial Services St Cloud, Minn.	44.96	44.7	5,508	5,358	2.8	907,541
36	Greater Bay Bancorp Palo Alto, Calif.	45.02	44.87	33,497	23,216	44.28	5,443,375
	Frontier Financial Corp. Everett, Wash.	45.02	35.55	9,818	6,365	54.25	1,866,369
38	Mercantile Bankshares Corp. Baltimore	45.27	46.06	62,664	58,570	6.99	9,119,488
39	SJNB Financial Corp. San Jose, Calif.	45.34	88.49	4,401	7,478	-41.15	646,566
40	United Bankshares Inc. Charleston, W.Va.	45.43	48.02	26,996	28,143	-4.08	4,984,804
41	BSB Bancorp Inc. Binghamton, N.Y.	45.46	45.18	10,672	11,664	-8.5	2,282,818
42	Charter One Financial Inc. Cleveland	46.49	46.11	148,104	145,836	1.56	33,866,488
43	Texas Regional Bancshares McAllen, Tex.	46.58	46.54	14,544	13,469	7.98	2,493,741
44	International Bancshares Corp. Laredo, Tex.	46.66	44.28	30,768	25,078	22.69	6,110,502
45	FBOP Corp. Oak Park, Ill.	47.1	51.08	32,203	31,483	2.29	5,637,276
	American National Corp. Omaha	47.1	51.47	4,530	4,399	2.98	687,402
47	Park National Corp. Newark, Ohio	47.36	46.36	26,970	17,258	56.28	4,161,985
48	Hillcrest Bancshares Inc. Overland Park, Kan.	47.37	52.56	4,302	4,523	-4.89	828,382
49	First Bancorp San Juan, P.R.	47.88	48.53	29,933	27,888	7.33	6,239,843
50	CVB Financial Corp. Ontario, Calif.	47.92	49.92	15,895	14,918	6.55	2,271,679
51	Mississippi Valley Bancshares St Louis, Mo.	48.07	45.3	8,618	7,705	11.85	2,000,501
52	Andover Bancorp Inc. Andover, Mass.	48.08	46.14	7,743	6,329	22.34	1,800,253
53	1st Source Corp. S Bend, Ind.	48.18	56.58	28,237	24,283	16.28	3,255,898
54	UCBH Holdings Inc. San Francisco	48.28	45.93	11,751	9,745	20.58	2,632,175
55	West Suburban Bancorp Inc. Lombard, Ill.	48.41	52.81	8,610	8,398	2.52	1,455,912
56	American National Bankshares Danville, Va.	48.45	47.75	3,462	3,124	10.82	555,676
57	Boiling Springs MHC Rutherford, N.J.	48.83	44.2	2,897	2,433	19.07	652,775
58	Bancorp Connecticut Inc. Southington, Conn.	49.02	50.63	3,075	2,964	3.74	624,582
59	FirstMerit Corp. Akron, Ohio	49.08	48.71	67,685	67,250	0.65	10,101,057
60	United Bancorp. of Wyoming Jackson, Wyo.	49.42	49.89	4,469	4,008	11.5	671,808
61	Security National Corp. Sioux City, Iowa	49.73	51.11	5,045	4,965	1.61	771,648
62	National Commerce Bancorp. Memphis	49.95	46.5	112,469	39,967	181.4	16,623,502
63	First National Bancshares E Lansing, Mich.	50.12	39.48	5,796	5,440	6.54	830,647
64	Emigrant Bancorp Inc. New York	50.29	49.71	36,772	33,936	8.36	8,535,265
65	Centennial Bancorp Portland, Ore.	50.84	51.76	6,817	6,630	2.82	858,378
66	Parkway Bancorp Inc. Harwood Heights, Ill.	50.85	54.07	6,128	5,930	3.34	1,344,425
	Greenpoint Financial Corp. New York	50.85	52.91	138,635	124,821	11.07	17,312,081
68	Marine Bancorp Inc. Springfield, Ill.	51	45.94	2,805	2,184	28.43	616,299
69	Minnwest Corp. Minnetonka, Minn.	51.08	47.36	4,420	3,923	12.67	762,303
70	Trustmark Corp. Jackson, Miss.	51.22	53.12	46,793	47,426	-1.33	6,823,807
71	Suffolk Bancorp Riverhead, N.Y.	51.28	54.75	7,922	7,964	-0.53	1,051,652
72	Bank of New York Co. Inc. New York	51.29	52.46	652,756	602,292	8.38	73,072,880
73	Valley National Bancorp Wayne, N.J.	51.43	43.62	51,956	33,587	54.69	8,022,496
74	New Lenox Holding Co. New Lenox, Ill.	51.54	53.84	3,608	3,452	4.52	790,978
75	Central Coast Bancorp Salinas, Calif.	51.62	48.85	4,939	4,120	19.88	698,225
Rank		1Q efficiency ratio 2001	1Q efficiency ratio 2000	Noninterest expense 2001	Noninterest expense 2000	Noninterest expense change	Assets31-Mar-01
76	Medford Bancorp Inc. Medford, Mass.	51.66%	44.74%	$5,201	$4,883	6.51%	$1,332,441
	Greene County Bancshares Greeneville, Tenn.	51.66	56.9	6,493	6,266	3.62	781,547
78	National City Bancorp. Minneapolis	51.85	49.97	7,833	7,663	2.22	1,204,100
79	Shore Bancshares Inc. Easton, Md.	51.92	59.39	3,187	1,304	144.4	558,296
80	Pacific Crest Capital Inc. Agoura Hills, Calif.	51.93	47.91	2,552	2,384	7.05	583,524
81	First Independent Invest Group Vancouver, Wash.	51.94	47.18	4,792	4,292	11.65	703,390
82	First Bank Corp. Fort Smith, Ark.	52.07	55.36	6,731	6,464	4.13	887,234
83	BancWest Corp. Honolulu	52.12	57.34	150,088	131,577	14.07	19,419,452
	Trinity Capital Corp. Los Alamos, N.M.	52.12	55.07	4,247	3,636	16.8	727,519
85	ACNB Corp. Gettysburg, Pa.	52.17	52.28	3,399	3,297	3.09	570,532
86	CIB Marine Bancshares Inc. Pewaukee, Wis.	52.18	52.94	11,522	9,916	16.2	2,476,114
87	First Financial Corp. Terre Haute, Ind.	52.19	52.49	11,395	10,825	5.27	2,003,822
88	FirstBank Holding Co. Lakewood, Colo.	52.34	55.61	36,443	33,872	7.59	5,277,394
89	NEB Corp. Fond Du Lac, Wis.	52.46	49.12	5,575	5,246	6.27	919,932
90	First Midwest Bancorp Inc.y Itasca, Ill.	52.55	55.83	35,073	37,112	-5.49	5,767,475
91	Horizon Financial Corp. Bellingham, Wash.	52.66	49.57	3,532	3,485	1.35	729,736
92	Associated Banc-Corp Green Bay, Wis.	52.76	52.23	76,197	78,611	-3.07	13,123,031
93	U.S.B. Holding Co. Inc. Orangeburg, N.Y.	52.83	47.94	8,592	7,941	8.2	1,871,852
94	Hanmi Financial Corp. Los Angeles	52.91	N/A	7,290	N/A	N/A	1,069,063
95	Camden National Corp. Camden, Maine	52.92	54.88	6,995	6,574	6.4	1,030,575
96	Dickinson Financial Corp. II Kansas City, Mo.	53.02	53.63	24,328	19,527	24.59	3,260,279
97	First Community Bancshares Bluefield, Va.	53.1	54.52	8,956	8,217	8.99	1,259,021
98	First Merchants Corp. Muncie, Ind.	53.27	52.84	10,474	9,407	11.34	1,559,238
99	Sky Financial Group Inc. Bowling Green, Ohio	53.29	52.32	59,470	57,406	3.6	8,468,890
100	Wesbanco Inc. Wheeling, W.Va.	53.49	57.8	15,064	15,963	-5.63	2,384,910
101	First Bancorp Troy, N.C.	53.5	59.38	6,048	4,675	29.37	1,033,153
102	Fulton Financial Corp. Lancaster, Pa.	53.51	51.64	44,529	39,786	11.92	6,524,652
103	Mercantile Bank Corp. Grand Rapids, Mich.	53.54	55.77	2,072	1,711	21.1	560,402
104	First Financial Bankshares Inc. Abilene, Tex.	53.93	53.48	13,155	12,940	1.66	1,784,080
105	Colonial BancGroup Inc. Montgomery, Ala.	54.41	56.57	65,922	72,210	-8.71	12,156,619
106	First Citizens Financial Corp. Mason City, Iowa	54.43	54.47	3,221	3,163	1.83	712,443
107	Midwest Banc Holdings Inc. Melrose Park, Ill.	54.49	55.39	7,389	7,213	2.44	1,521,797
108	First Farmers and Merchants Corp. Columbia, Tenn.	54.53	58.03	4,956	4,718	5.04	671,686
109	Wilber Corp. Oneonta, N.Y.	54.66	49.96	3,476	3,330	4.38	580,641
110	First Mutual Bancshares Inc. Bellevue, Wash.	54.67	53.81	3,645	3,059	19.16	654,722
111	Arrow Financial Corp. Glens Falls, N.Y.	54.77	56.09	7,094	6,818	4.05	1,130,942
112	Bankfirst Corp.Inc. Sioux Falls, S.D.	54.84	57.66	43,876	42,973	2.1	753,695
113	Bank of the Ozarks Inc. Little Rock, Ark.	54.95	54.17	4,296	4,187	2.6	802,992
114	East West Bancorp Inc. San Marino, Calif.	54.99	46.56	16,633	12,558	32.45	2,566,459
115	First Financial Bancorp Hamilton, Ohio	55	54.62	29,835	29,421	1.41	3,911,463
116	Farmers and Merchants Bancorp Lodi, Calif.	55.08	55.43	6,746	6,717	0.43	887,824
117	Bancfirst Ohio Corp. Zanesville, Ohio	55.12	58.51	8,296	7,929	4.63	1,559,768
118	First National Community Bancorp Dunmore, Pa.	55.16	52.61	3,125	2,806	11.37	617,967
119	Commercial Bankshares Inc. Miami	55.17	54.94	3,305	3,209	2.99	546,513
120	R&G Financial Corp. San Juan, P.R.	55.18	60.4	23,328	20,185	15.57	3,674,322
121	SouthTrust Corp. Birmingham, Ala.	55.34	55.83	267,002	263,612	1.29	45,957,238
122	Prosperity Bancshares Inc. Houston	55.36	54.95	6,405	3,667	74.67	1,169,731
123	City National Corp. Beverly Hills	55.53	58.25	76,091	69,085	10.14	8,933,946
124	First Commonwealth Financial Corp. Indiana, Pa.	55.63	55.85	25,222	25,100	0.49	4,485,627
125	Bank of America Corp. Charlotte, N.C.	55.65	53.74	4,704,000	4,623,000	1.75	609,756,000
126	Hamilton Bancorp Inc. Miami	55.76	42.48	8,070	9,001	-10.34	1,729,243
127	First Virginia Banks Inc. Falls Church, Va.	55.79	58.65	79,610	79,292	0.4	9,650,814
128	Stockman Financial Corp. Miles City, Mont.	55.81	49.01	4,139	3,060	35.26	664,426
129	Mid-State Bancshares Arroyo Grande, Calif.	55.86	57.06	14,748	14,229	3.65	1,444,927
130	Harleysville National Corp. Harleysville, Pa.	55.96	52.49	12,465	10,142	22.9	1,989,232
131	Covest Bancshares Inc. Des Plaines, Ill.	56	57.76	3,292	2,868	14.78	585,123
132	First National Bancorp Inc. Joliet, Ill.	56.01	54.01	6,825	6,203	10.03	1,068,785
133	Allegiant Bancorp Inc. St Louis, Mo.	56.02	58.92	6,627	4,979	33.1	1,143,679
134	First State Financial Corp. Eastpointe, Mich.	56.08	59.66	3,504	3,371	3.95	638,439
	Wachovia Corp. Winston-Salem, N.C.	56.08	58.26	632,594	637,977	-0.84	75,606,028
136	Amsouth Bancorp. Birmingham, Ala.	56.14	60.35	287,681	355,357	-19.04	38,881,507
137	First of Long Island Corp. Glen Head, N.Y.	56.36	55.28	4,895	4,312	13.52	638,039
138	High Point Bank Corp. High Point, N.C.	56.39	52.29	3,305	3,151	4.89	562,778
139	Riverside Banking Co. Fort Pierce, Fla.	56.45	59.63	9,364	9,174	2.07	1,288,403
140	Hibernia Corp. New Orleans	56.7	54.02	128,406	113,064	13.57	16,678,402
141	UNB Corp. Canton, Ohio	56.72	57.59	7,365	6,926	6.34	1,056,822
142	Beacon Bancorp Taunton, Mass.	56.8	55.4	3,772	3,365	12.1	641,417
143	Peapack-Gladstone Finance Corp. Gladstone, N.J.	56.85	61.47	4,253	4,527	-6.05	607,640
144	1867 Western Financial Corp. Stockton, Calif.	56.87	57.25	9,240	9,215	0.27	1,206,553
145	Sterling Bancorp New York	56.9	59.23	12,652	11,608	8.99	1,249,137
146	S.Y. Bancorp Inc. Louisville, Ky.	57.04	58.35	7,212	6,342	13.72	864,688
147	Central Bancompany Jefferson City, Mo.	57.05	60.36	39,863	39,721	0.36	5,526,370
148	State Bancorp Inc. New Hyde Park, N.Y.	57.13	49.67	6,565	5,299	23.89	991,654
149	Chambers Bancshares Inc. Danville, Ark.	57.29	58.14	4,683	4,462	4.95	829,042
150	Oak Hill Financial Inc. Jackson, Ohio	57.32	55.38	4,383	3,771	16.23	723,289

*Consolidated; excludes U.S. units of foreign companies.
** Noninterest expense divided by (total income minus interest expense)

Source: Thomson Financial /Sheshunoff Information Services (

www.sheshunoff.com

)