Most Efficient U.S. Bank Holding Companies Among the Largest 500
February 12, 2002, 10:08 a.m. EST 1 Min Read
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Most Efficient U.S. Bank Holding Companies Among the Largest 500
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Published February 12, 2002 |
Rank | 3Q efficiency ratio 2001** | 3Q efficiency ratio 2000** | Noninterest expense 3Q 2001 | Noninterest expense 3Q | Noninterest expense change | Assets | |
1 | Hershenhorn Bancorp. Palatine, Ill. | 16.35 | 11.58 | $7,274 | $5,534 | 31% | $1,098,974 |
2 | Hudson City MHC Paramus, N.J. | 29.23 | 30.23 | 61,441 | 58,623 | 4.81 | 10,815,426 |
3 | West Bancorp. Inc. W. Des Moines | 29.32 | 28.99 | 8,022 | 7,460 | 7.53 | 807,503 |
4 | United National Corp. Sioux Falls, S.D. | 31.44 | 35.88 | 124,218 | 90,478 | 37.29 | 756,844 |
5 | SBC Inc. Countryside, Ill. | 33.57 | 33 | 7,237 | 6,788 | 6.61 | 631,320 |
6 | North Fork Bancorp. Melville, N.Y. | 34.11 | 46.12 | 195,559 | 240,502 | -18.69 | 15,908,383 |
7 | Amboy Bancorp. Old Bridge, N.J. | 35.54 | 29.3 | 19,327 | 13,865 | 39.39 | 1,663,716 |
8 | NSB Holding Corp. Ithaca, N.Y. | 36.08 | 38.36 | 7,309 | 7,079 | 3.25 | 1,063,929 |
9 | MBT Financial Corp. Monroe, Mich. | 37.59 | N/A | 18,685 | N/A | N/A | 1,406,872 |
10 | Investors Bancorp MHC. Millburn, N.J. | 38.36 | 46.49 | 27,485 | 25,478 | 7.88 | 4,790,635 |
11 | Cathay Bancorp Inc. Los Angeles | 39.53 | 36.65 | 32,233 | 28,247 | 14.11 | 2,407,904 |
12 | Corus Bankshares Inc. Chicago | 40.54 | 39.96 | 40,713 | 39,622 | 2.75 | 2,710,566 |
13 | Stearns Financial Services St. Cloud, Minn. | 41.36 | 44.81 | 17,487 | 16,998 | 2.88 | 892,906 |
14 | Trustco Bank Corp N.Y. Glenville, N.Y. | 41.37 | 37.74 | 37,961 | 35,101 | 8.15 | 2,528,157 |
Ames National Corp. Ames, Iowa | 41.37 | 43.53 | 8,479 | 8,174 | 3.73 | 625,534 | |
16 | Delta Bancshares Co. St. Louis, Mo. | 41.42 | 40.79 | 6,390 | 6,298 | 1.46 | 638,088 |
17 | Bank of Granite Corp. Granite Falls, N.C. | 41.58 | 37.68 | 13,700 | 12,995 | 5.43 | 718,225 |
18 | S & T Bancorp Inc. Indiana, Pa. | 41.71 | 41.7 | 35,262 | 34,294 | 2.82 | 2,269,750 |
19 | W Holding Co. Inc. Mayaguez, P.R. | 41.77 | 44.38 | 44,405 | 36,469 | 21.76 | 5,128,671 |
20 | Westamerica Bancorp. San Rafael, Calif. | 42.43 | 51.45 | 76,965 | 104,118 | -26.08 | 3,914,460 |
21 | Hudson Valley Holding Corp. Yonkers, N.Y. | 42.63 | 49.83 | 20,048 | 19,074 | 5.11 | 1,334,205 |
22 | Doral Financial Corp. San Juan, P.R. | 42.7 | 51.13 | 80,924 | 76,807 | 5.36 | 6,373,300 |
23 | City National Bancshares Miami | 43.4 | 43.98 | 30,087 | 29,854 | 0.78 | 1,931,237 |
24 | Frontier Financial Corp. Everett, Wash. | 43.46 | 42.13 | 29,939 | 27,960 | 7.08 | 1,868,200 |
25 | Valley View Bancshares Inc. Overland Park, Kan. | 43.86 | 38.13 | 33,486 | 28,491 | 17.53 | 2,124,056 |
26 | Great Southern Bancorp Inc. Springfield, Mo. | 43.93 | 47.97 | 20,311 | 18,374 | 10.54 | 1,226,212 |
27 | First Bancorp San Juan, P.R. | 44.13 | 48.95 | 90,290 | 85,255 | 5.91 | 7,717,918 |
28 | GBC Bancorp Los Angeles | 44.88 | 33.06 | 33,943 | 27,019 | 25.63 | 2,204,926 |
29 | BSB Bancorp Inc. Binghamton, N.Y. | 45.26 | 45.02 | 32,421 | 36,066 | -10.11 | 2,107,628 |
30 | United Bankshares Inc. Charleston, W.Va. | 45.47 | 45.55 | 85,331 | 80,712 | 5.72 | 5,165,890 |
31 | Chambers Bancshares Inc. Danville, Ariz. | 45.5 | 55.08 | 10,241 | 13,096 | -21.8 | 585,320 |
32 | Discount Bancorp Inc. New York | 45.73 | 47 | 72,115 | 57,204 | 26.07 | 5,843,282 |
33 | Park National Corp. Newark, Ohio | 45.87 | 47.05 | 81,444 | 60,857 | 33.83 | 4,437,448 |
34 | Charter One Financial Inc. Cleveland | 46.06 | 48.01 | 454,041 | 463,085 | -1.95 | 37,328,534 |
35 | Greater Bay Bancorp Palo Alto, Calif. | 46.19 | 54.34 | 106,211 | 105,050 | 1.11 | 6,808,432 |
36 | Mercantile Bankshares Corp. Baltimore | 46.2 | 45.12 | 194,657 | 179,662 | 8.35 | 9,468,004 |
37 | CVB Financial Corp. Ontario, Calif. | 46.38 | 47.84 | 47,106 | 43,666 | 7.88 | 2,367,390 |
38 | Royal Bancshares of Pa. Inc. Narberth, Pa. | 46.39 | 39.79 | 13,240 | 10,985 | 20.53 | 950,923 |
39 | UCBH Holdings Inc. San Francisco | 46.52 | 45.28 | 36,065 | 29,670 | 21.55 | 2,823,756 |
40 | Valley National Bancorp Wayne, N.J. | 46.6 | 44.52 | 140,030 | 103,680 | 35.06 | 8,225,245 |
41 | American National Corp. Omaha | 46.76 | 48.88 | 14,355 | 13,070 | 9.83 | 733,931 |
42 | Texas Regional Bancshares McAllen, Tex. | 47 | 46.02 | 45,052 | 40,741 | 10.58 | 2,553,728 |
43 | SJNB Financial Corp. San Jose, Calif. | 47.48 | 59.81 | 13,249 | 16,074 | -17.57 | 659,880 |
44 | Silicon Valley Bancshares Santa Clara, Calif. | 47.57 | 39.97 | 132,392 | 146,544 | -9.66 | 4,123,135 |
45 | Andover Bancorp Inc. Andover, Mass. | 47.65 | 49.31 | 24,069 | 20,949 | 14.89 | 1,762,626 |
46 | Massbank Corp. Reading, Mass. | 47.82 | 46.39 | 8,686 | 9,353 | -7.13 | 971,213 |
47 | FBOP Corp. Oak Park, Ill. | 47.92 | 47.18 | 120,618 | 93,118 | 29.53 | 8,222,515 |
48 | GreenPoint Financial Corp. New York | 48.58 | 52 | 430,207 | 385,071 | 11.72 | 19,997,275 |
49 | International Bncshrs Corp. Laredo, Tex. | 48.62 | 46.13 | 98,398 | 80,501 | 22.23 | 5,747,759 |
50 | Mississippi Valley Bancshares St. Louis | 49.13 | 45.17 | 26,473 | 23,491 | 12.69 | 2,078,055 |
51 | Cummins-American Corp. Glenview, Ill. | 49.41 | 49.01 | 12,388 | 15,321 | -19.14 | 799,490 |
52 | Marine Bancorp Inc. Springfield, Ill. | 49.44 | 46.87 | 8,371 | 6,820 | 22.74 | 617,022 |
53 | Commercebank Holding Corp. Coral Gables, Fla. | 49.48 | 49.56 | 30,106 | 23,711 | 26.97 | 2,133,143 |
54 | Suffolk Bancorp Riverhead, N.Y. | 49.58 | 52.41 | 23,667 | 23,486 | 0.77 | 1,130,841 |
55 | West Suburban Bancorp Inc. Lombard, Ill. | 49.73 | 50.82 | 26,277 | 25,141 | 4.52 | 1,453,889 |
56 | R&G Financial Corp. San Juan, P.R. | 49.79 | 57.08 | 67,584 | 60,758 | 11.23 | 4,298,600 |
57 | FirstMerit Corp. Akron, Ohio | 49.93 | 50.66 | 212,484 | 207,723 | 2.29 | 10,257,790 |
58 | Parkway Bancorp Inc. Harwood Heights, Ill. | 49.97 | 52.08 | 18,561 | 17,682 | 4.97 | 1,345,053 |
59 | Trinity Capital Corp. Los Alamos, N.M. | 50.04 | 51.78 | 12,166 | 10,761 | 13.06 | 769,894 |
60 | First Indep. Invest. Grp. Inc. Vancouver, Wash. | 50.22 | 46.37 | 13,937 | 12,817 | 8.74 | 699,287 |
61 | Bankfirst Corp. Inc. Sioux Falls, S.D. | 50.33 | 50.71 | 124,642 | 114,587 | 8.77 | 856,977 |
62 | Emigrant Bancorp Inc. New York | 50.39 | 49.16 | 111,203 | 101,317 | 9.76 | 9,045,851 |
63 | Horizon Financial Corp. Bellingham, Wash. | 50.44 | 51.29 | 10,693 | 10,422 | 2.6 | 743,249 |
64 | Financial Institutions Inc. Warsaw, N.Y. | 50.45 | 46.05 | 29,888 | 22,043 | 35.59 | 1,749,650 |
65 | United Bancorp. of Wyoming Jackson | 50.58 | 47.85 | 13,799 | 12,312 | 12.08 | 701,361 |
66 | Minnwest Corp. Minnetonka, Minn. | 50.59 | 48.89 | 13,611 | 12,320 | 10.48 | 788,587 |
Bancorp Connecticut Inc. Southington, Conn. | 50.59 | 48.39 | 9,504 | 8,692 | 9.34 | 611,977 | |
68 | Central Coast Bancorp Salinas, Calif. | 50.64 | 46.68 | 14,445 | 12,754 | 13.26 | 762,814 |
69 | Wilber Corp. Oneonta, N.Y. | 51.03 | 47.97 | 10,265 | 9,633 | 6.56 | 607,935 |
70 | First Midwest Bancorp Inc. Itasca, Ill. | 51.17 | 54.75 | 108,351 | 109,275 | -0.85 | 5,807,684 |
71 | NEB Corp. Fond Du Lac, Wis. | 51.41 | 49.3 | 17,161 | 16,021 | 7.12 | 901,142 |
72 | Trustmark Corp. Jackson, Miss. | 51.49 | 53.02 | 148,914 | 142,637 | 4.4 | 6,996,790 |
73 | Associated Banc-Corp Green Bay, Wis. | 51.68 | 53 | 238,084 | 239,807 | -0.72 | 13,588,640 |
74 | Sky Financial Group Inc. Bowling Green, Ohio | 51.85 | 52.49 | 176,525 | 173,927 | 1.49 | 8,865,210 |
75 | Hillcrest Bancshares Inc. Overland Park, Kan. | 51.87 | 45.46 | 13,155 | 12,574 | 4.62 | 929,068 |
76 | Mercantile Bank Corp. Grand Rapids, Mich. | 51.88 | 55.28 | $6,728 | $5,697 | 18.10% | 646,633 |
77 | First National Bancshares East Lansing, Mich. | 51.96 | 40.6 | 16,899 | 15,522 | 8.87 | 751,598 |
78 | Bank of the Ozarks Inc. Little Rock, Ariz. | 52.03 | 55.8 | 13,859 | 12,782 | 8.43 | 815,658 |
79 | First Citizens Fin. Corp. Mason City, Iowa | 52.04 | 51.38 | 9,740 | 8,944 | 8.9 | 711,583 |
80 | New York Comm Bancorp Inc. Westbury, N.Y. | 52.05 | 31.98 | 92,176 | 16,839 | 447.4 | 8,942,994 |
81 | CIB Marine Bancshares Inc. Pewaukee, Wis. | 52.13 | 51.16 | 39,157 | 31,153 | 25.69 | 2,706,252 |
82 | U.S.B. Holding Co. Inc. Orangeburg, N.Y. | 52.34 | 48.2 | 26,498 | 23,924 | 10.76 | 2,087,897 |
83 | Security National Corp. Sioux City, Iowa | 52.35 | 50.28 | 16,282 | 14,895 | 9.31 | 812,134 |
84 | First Community Bancshares Bluefield, Va. | 52.42 | 50.6 | 28,295 | 23,458 | 20.62 | 1,315,317 |
85 | Centennial Bancorp Portland, Ore. | 52.45 | 50.96 | 21,181 | 20,636 | 2.64 | 844,917 |
86 | First Merchants Corp. Muncie, Ind. | 52.5 | 52.93 | 32,958 | 29,481 | 11.79 | 1,761,671 |
87 | Firstbank Holding Co. Lakewood, Colo. | 52.58 | 54.1 | 118,475 | 102,728 | 15.33 | 5,358,242 |
88 | Medford Bancorp Inc. Medford, Mass. | 52.65 | 48.62 | 15,919 | 14,810 | 7.49 | 1,403,169 |
89 | Camden National Corp. Camden, Maine | 52.77 | 51.52 | 22,812 | 18,785 | 21.44 | 1,079,629 |
90 | Pacific Capital Bancorp Santa Barbara, Calif. | 52.84 | 55.52 | 108,182 | 105,072 | 2.96 | 3,746,977 |
91 | Bank Leumi Le-Israel Corp. New York | 52.97 | 53.38 | 47,547 | 47,640 | -0.2 | 3,919,294 |
92 | First National Community Bancorp Dunmore, Pa. | 53.36 | 52.42 | 9,313 | 8,630 | 7.91 | 671,407 |
93 | Hanmi Financial Corp. Los Angeles | 53.38 | 48.57 | 23,214 | 19,702 | 17.83 | 1,139,139 |
94 | First Bank Corp. Fort Smith, Ariz. | 53.39 | 54.79 | 20,062 | 19,738 | 1.64 | 909,388 |
95 | First Financial Bankshares Inc. Abilene, Tex. | 53.54 | 52.78 | 40,707 | 38,793 | 4.93 | 1,861,326 |
96 | Boiling Springs MHC Rutherford, N.J. | 53.56 | 43.26 | 10,064 | 7,421 | 35.62 | 1,017,093 |
97 | First State Financial Corp. Eastpointe, Mich. | 53.69 | 57.33 | 10,469 | 10,040 | 4.27 | 649,027 |
98 | Arrow Financial Corp. Glens Falls, N.Y. | 53.79 | 54.31 | 22,472 | 20,732 | 8.39 | 1,142,214 |
99 | East West Bancorp Inc. San Marino, Calif. | 53.81 | 47.49 | 50,200 | 38,730 | 29.62 | 2,818,274 |
100 | Citizens and Northern Corp. Wellsboro, Pa. | 53.9 | 56.99 | 13,754 | 12,496 | 10.07 | 837,276 |
101 | Riverside Banking Co. Fort Pierce, Fla. | 53.93 | 57.5 | 29,555 | 27,982 | 5.62 | 1,411,380 |
102 | First of Long Island Corp. Glen Head, N.Y. | 53.97 | 53.99 | 14,606 | 13,077 | 11.69 | 696,234 |
103 | Midwest Banc Holdings Inc. Melrose Park, Ill. | 54.25 | 53.55 | 23,182 | 21,598 | 7.33 | 1,689,165 |
104 | Colonial BancGroup Inc. Montgomery, Ala. | 54.38 | 55.33 | 201,974 | 209,217 | -3.46 | 12,500,919 |
105 | BancWest Corp. Honolulu | 54.5 | 55.49 | 446,488 | 398,499 | 12.04 | 19,754,213 |
106 | BancFirst Ohio Corp. Zanesville, Ohio | 54.68 | 57.49 | 25,220 | 24,382 | 3.44 | 1,500,235 |
107 | SouthTrust Corp. Birmingham, Ala. | 54.77 | 56.67 | 835,815 | 821,631 | 1.73 | 47,267,905 |
108 | First Financial Corp. Terre Haute, Ind. | 54.82 | 50.53 | 38,415 | 32,082 | 19.74 | 2,009,924 |
109 | Wesbanco Inc. Wheeling, W.Va. | 54.98 | 58.35 | 47,317 | 48,197 | -1.83 | 2,465,947 |
110 | First Bancorp Troy, N.C. | 55.01 | 61.39 | 20,550 | 20,650 | -0.48 | 1,100,939 |
111 | Hibernia Corp. New Orleans | 55.05 | 54.02 | 397,667 | 351,119 | 13.26 | 16,615,331 |
112 | Greene County Bancshares Greeneville, Tenn. | 55.07 | 60.48 | 20,268 | 20,331 | -0.31 | 799,947 |
113 | Farmers and Merchants Bancorp Lodi, Calif. | 55.11 | 56.42 | 20,830 | 20,772 | 0.28 | 932,801 |
114 | First Financial Bancorp Hamilton, Ohio | 55.13 | 53.88 | 90,494 | 88,518 | 2.23 | 3,819,477 |
115 | City National Corp. Beverly Hills, Calif. | 55.15 | 56.83 | 232,945 | 219,143 | 6.3 | 9,791,867 |
1st Source Corp. S Bend, Ind. | 55.15 | 58.11 | 88,341 | 77,144 | 14.51 | 3,446,464 | |
117 | Dickinson Financial Corp II Kansas City, Mo. | 55.26 | 49.83 | 75,295 | 61,381 | 22.67 | 3,232,176 |
118 | Univest Corp. of Pa. Souderton, Pa. | 55.29 | 57.37 | 26,559 | 26,916 | -1.33 | 1,238,329 |
119 | Summit Bancshares Inc. Fort Worth | 55.35 | 50.28 | 13,997 | 12,150 | 15.2 | 623,527 |
120 | AmSouth Bancorp. Birmingham, Ala. | 55.42 | 65.61 | 877,065 | 1,082,151 | -18.95 | 38,304,434 |
121 | National City Corp. Cleveland | 55.46 | 57.26 | 2,462,082 | 2,325,459 | 5.88 | 97,215,024 |
122 | First Virginia Banks Inc. Falls Church, Va. | 55.52 | 58.75 | 244,619 | 241,118 | 1.45 | 10,330,864 |
123 | UnionBanCal Corp. San Francisco | 55.68 | 49.26 | 929,248 | 837,549 | 10.95 | 35,281,128 |
124 | First Farmers and Merchants Corp Columbia, Tenn. | 55.71 | 57.17 | 16,809 | 14,322 | 17.36 | 826,376 |
125 | CPB Inc. Honolulu | 55.73 | 57.6 | 37,535 | 37,227 | 0.83 | 1,829,149 |
126 | Comerica Inc. Detroit | 55.74 | 48.01 | 1,189,725 | 893,425 | 33.16 | 49,928,721 |
127 | Southern Financial Bancorp Warrenton, Va. | 55.76 | 59.33 | 12,772 | 9,682 | 31.91 | 755,741 |
128 | Banknorth Group Inc. Portland, Maine | 55.8 | 63 | 379,829 | 400,039 | -5.05 | 18,176,549 |
129 | Harleysville National Corp. Harleysville, Pa. | 55.89 | 53.32 | 39,449 | 33,580 | 17.48 | 2,172,516 |
130 | New Lenox Holding Co. New Lenox, Ill. | 55.9 | 55.12 | 12,057 | 11,324 | 6.47 | 851,360 |
131 | Seacoast Fin. Services Corp New Bedford, Mass. | 55.93 | 55.5 | 47,996 | 38,040 | 26.17 | 3,335,926 |
132 | First Commonwealth Financial Corp Indiana, Pa. | 55.95 | 55.58 | 76,540 | 74,640 | 2.55 | 4,667,710 |
133 | Main Street Trust Inc. Champaign, Ill. | 55.97 | 64.76 | 23,793 | 26,864 | -11.43 | 1,104,675 |
134 | S.Y. Bancorp Inc. Louisville, Ky. | 55.99 | 57.09 | 22,392 | 20,002 | 11.95 | 916,228 |
135 | Farmers and Merchants Bancorp Archbold, Ohio | 56.06 | 53.51 | 12,283 | 10,995 | 11.71 | 674,612 |
Peapack-Gladstone Fin. Corp. Gladstone, N.J. | 56.06 | 56.22 | 12,972 | 12,567 | 3.22 | 665,097 | |
137 | First Indiana Corp. Indianapolis | 56.1 | N/A | 50,735 | N/A | N/A | 2,131,017 |
138 | MBNA Corp. Wilmington, Del. | 56.16 | 60.53 | 3,275,131 | 2,715,618 | 20.6 | 43,091,467 |
139 | Bank of New York Co. Inc. New York | 56.17 | 51.84 | 2,112,387 | 1,865,322 | 13.25 | 89,677,447 |
140 | American State Financial Corp. Lubbock, Tex. | 56.28 | 56.88 | 27,983 | 24,192 | 15.67 | 1,372,741 |
141 | M&T Bank Corp. Buffalo | 56.31 | 54.74 | 679,450 | 460,266 | 47.62 | 31,139,058 |
142 | Local Financial Corp. Oklahoma City | 56.33 | 58.29 | 45,048 | 41,481 | 8.6 | 2,740,668 |
143 | Sunflower Banks Inc. Salina, Kan. | 56.39 | 59.49 | 20,020 | 20,152 | -0.66 | 801,026 |
144 | Fulton Financial Corp. Lancaster, Pa. | 56.82 | 51.17 | 161,921 | 121,409 | 33.37 | 7,686,526 |
145 | Hills Bancorp. Hills, Iowa | 56.87 | 56.14 | 16,539 | 14,789 | 11.83 | 924,863 |
146 | First Mutual Bancshares Inc. Bellevue, Wash | 56.99 | 52.93 | 10,441 | 8,736 | 19.52 | 667,461 |
147 | UNB Corp. Canton, Ohio | 57.01 | 55.53 | 23,967 | 20,579 | 16.46 | 1,109,850 |
148 | Wayne Bancorp Inc. Wooster, Ohio | 57.09 | 55.26 | 12,086 | 11,205 | 7.86 | 595,162 |
149 | Central Bancompany Jefferson City, Mo. | 57.19 | 57.33 | 123,611 | 116,838 | 5.8 | 5,613,239 |
150 | Wilson Bank Holding Co. Lebanon, Tenn. | 57.22 | 58.42 | 13,167 | 11,674 | 12.79 | 673,643 |
*Consolidated data from Y9-C reports; includes U.S. units of foreign companies.
**Noninterest expense divided by (total income minus interest expense)
© 2002 American Banker
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