Most Efficient U.S. Bank Holding Companies Among the Largest 500Published December 12, 2001

December 12, 2001, 10:08 a.m. EST 1 Min Read

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Most Efficient U.S. Bank Holding Companies Among the Largest 500* Published December 12, 2001
Second-quarter data; dollars in thousands Published December 12, 2001

Rank		2Q efficiency ratio 2001***	2Q efficiency ratio 2000***	Noninterest expense 2Q 2001	Noninterest expense 2Q 2000	Noninterest expense change	Assets 30-Jun-01
1	Hershenhorn Bancorp Palatine, Ill.	15.77%	12.52%	$4,894	$3,787	29.23%	$1,194,152
2	Hudson City MHC Paramus, N.J.	29.41	30.06	40,306	38,846	3.76	10,043,801
3	West Bancorp Inc. W. Des Moines, Iowa	29.87	28.85	5,308	5,013	5.88	788,018
4	Amboy Bancorp. Old Bridge, N.J.	29.9	30.72	9,923	9,302	6.68	1,594,423
5	North Fork Bancorp. Melville, N.Y	34.27	50.35	127,326	174,364	-26.98	15,967,985
6	United National Corp. Sioux Falls, S.D.	34.33	39.33	79,660	56,951	39.87	781,518
7	SBC Inc. Countryside, Ill.	34.42	35.19	4,826	4,669	3.36	605,482
8	NSB Holding Corp. Ithaca, N.Y	36.57	38.37	4,852	4,757	2	1,020,852
9	Investors Bancorp MHC Millburn, N.J.	36.74	45.13	17,959	17,065	5.24	4,874,400
10	MBT Financial Corp. Monroe, Mich.	37.66	N/A	12,356	N/A	N/A	1,436,255
11	Corus Bankshares Inc. Chicago	38.33	38.23	26,818	24,453	9.67	2,789,315
12	New York Community Bancorp Inc. Westbury, N.Y.	39.17	31.77	39,951	11,156	258.11	4,516,608
13	Cathay Bancorp Inc. Los Angeles	40.4	37.2	21,701	18,740	15.8	2,303,942
14	Delta Bancshares Co. St. Louis	40.92	40.57	4,196	4,170	0.62	629,830
15	Bank of Granite Corp. Granite Falls, N.C.	41	38.28	9,058	8,693	4.2	700,704
16	Trustco Bank Corp. Glenville, N.Y.	41.41	37.95	25,201	23,354	7.91	2,481,753
17	American Holding Co. Highland Park, Ill.	41.5	43.34	3,084	2,679	15.12	555,692
18	Stearns Financial Services St. Cloud, Minn.	41.67	44.83	11,499	11,226	2.43	898,738
19	S & T Bancorp Inc. Indiana, Pa.	41.69	41.58	23,481	22,548	4.14	2,340,377
20	Great Southern Bancorp Inc. Springfield, Mo.	41.93	48.67	13,414	12,192	10.02	1,189,038
21	W Holding Co. Inc. Mayaguez, P.R.	42.06	45.68	29,270	25,137	16.44	5,071,362
22	Mississippi Valley Bancshares St. Louis	42.19	45.5	17,477	15,651	11.67	2,021,996
23	Westamerica Bancorp. San Rafael, Calif.	42.85	42.8	51,203	48,536	5.49	3,907,827
24	Ames National Corp. Ames, Iowa	43.06	44.17	5,783	5,536	4.46	612,556
25	Valley View Bancshares Inc. Overland Park, Kan.	43.59	36.7	21,929	18,338	19.58	2,055,954
26	Doral Financial Corp. San Juan, P.R.	44.04	50.89	52,494	49,741	5.53	5,909,914
27	Frontier Financial Corp. Everett, Wash.	44.44	39.01	20,073	14,458	38.84	1,866,343
28	City National Bancshares Miami	45.01	43.97	20,268	19,610	3.36	1,884,542
29	BSB Bancorp Inc. Binghamton, N.Y.	45.16	44.06	21,592	23,307	-7.36	2,145,903
30	Discount Bancorp Inc. New York	45.19	46.11	47,060	36,906	27.51	5,775,855
31	Silicon Valley Bancshares Santa Clara, Calif.	45.27	40.44	89,506	96,518	-7.26	4,383,484
32	Royal Bancshares of Pennsylvania Inc. Narberth, Pa.	45.46	39.68	8,158	7,159	13.95	917,516
33	Greater Bay Bancorp Palo Alto, Calif.	45.5	52	68,887	59,449	15.88	6,233,665
34	First Bancorp San Juan, P.R.	45.61	49.01	60,288	56,603	6.51	6,430,698
35	Mercantile Bankshares Corp. Baltimore	45.85	45.48	128,070	118,277	8.28	9,280,542
36	United Bankshares Inc. Charleston, W.Va.	46	47.07	56,449	55,249	2.17	5,094,607
37	Park National Corp. Newark, Ohio	46.11	47.18	53,721	40,561	32.44	4,344,455
38	SJNB Financial Corp. San Jose, Calif.	46.36	65.91	8,727	11,622	-24.91	658,975
39	Charter One Financial Inc. Cleveland	46.82	48.66	298,606	314,435	-5.03	34,594,911
40	CVB Financial Corp. Ontario, Calif.	46.84	48.96	31,363	29,520	6.24	2,327,672
41	Massbank Corp. Reading, Mass.	47.08	47.61	5,856	6,490	-9.77	957,591
42	FBOP Corp. Oak Park, Ill.	47.1	48.94	75,889	61,859	22.68	8,172,195
43	American National Corp. Omaha	47.32	49.09	9,369	8,737	7.23	713,198
44	Texas Regional Bancshares McAllen	47.6	46.23	29,834	27,150	9.89	2,501,672
45	UCBH Holdings Inc. San Francisco	47.64	45.49	23,926	19,570	22.26	2,750,504
46	Hudson Valley Holding Corp. Yonkers, N.Y.	47.68	50.15	13,294	12,628	5.27	1,331,424
47	Boiling Springs MHC Rutherford, N.J.	47.78	43.09	5,658	4,834	17.05	971,323
48	Valley National Bancorp Wayne, N.J.	47.82	44.12	95,653	68,224	40.2	8,126,155
49	American National Bankshares Danville, Va.	47.88	46.94	6,916	6,220	11.19	563,544
50	First National Bancshares E. Lansing, Mich.	48.05	39.56	10,695	10,273	4.11	806,023
51	International Bancshares Corp. Laredo, Tex.	48.18	44.47	64,390	51,845	24.2	5,811,951
52	Trinity Capital Corp. Los Alamos, N.M.	48.83	53.36	8,094	7,201	12.4	739,105
53	GBC Bancorp Los Angeles	49.03	32.51	24,754	18,021	37.36	2,125,180
54	Andover Bancorp Inc. Andover, Mass.	49.34	44.9	16,519	12,499	32.16	1,780,249
55	Pacific Capital Bancorp Santa Barbara, Calif.	49.35	47.48	72,944	56,168	29.87	3,661,174
56	West Suburban Bancorp Inc. Lombard, Ill.	49.51	52.4	17,486	16,907	3.42	1,459,288
57	Bancorp Connecticut Inc. Southington, Conn.	49.53	48.85	6,244	5,812	7.43	610,356
58	Commercebank Holding Corp. Coral Gables, Fla.	49.54	49.99	19,334	15,038	28.57	1,925,993
59	Marine Bancorp Inc. Springfield, Ill.	49.67	46.43	5,577	4,491	24.18	608,627
60	CIB Marine Bancshares Inc. Pewaukee, Wis.	49.7	52.01	23,168	20,582	12.56	2,516,686
61	Ocean Bankshares Inc. Miami	49.73	44.43	42,785	37,904	12.88	3,937,536
62	Northern States Financial Corp. Waukegan, Ill.	49.77	45.17	5,235	4,887	7.12	558,361
63	Suffolk Bancorp Riverhead, N.Y.	49.81	53.01	15,598	15,586	0.08	1,071,339
64	Financial Institutions Inc. Warsaw, N.Y.	50.09	46.35	18,605	14,547	27.9	1,715,196
65	Hillcrest Bancshares Inc. Overland Park, Kan.	50.11	47.79	8,651	8,558	1.09	877,878
66	Shore Bancshares Inc. Easton, Md.	50.13	51.86	6,135	2,359	160.07	557,855
67	FirstMerit Corp. Akron, Ohio	50.21	49.95	140,388	136,981	2.49	10,215,565
68	Greenpoint Financial Corp. New York	50.28	51.69	281,683	247,465	13.83	19,186,338
69	United Bancorp of Wyoming Jackson, Wyo.	50.3	49.04	9,040	8,257	9.48	671,335
70	R&G Financial Corp. San Juan, P.R.	50.33	57.89	41,724	39,948	4.45	4,127,755
71	Parkway Bancorp Inc. Harwood Heights, Ill.	50.35	53.25	12,311	11,864	3.77	1,308,774
72	Emigrant Bancorp Inc. New York	50.72	48.93	74,170	67,419	10.01	9,000,139
73	National City Bancorp. Minneapolis	50.92	48.61	15,395	15,245	0.98	1,161,659
74	First Independent Invest Group Vancouver, Wash.	51.1	47.08	9,380	8,669	8.2	696,268
75	Bank of New York Co. Inc. New York	51.16	52.34	1,301,508	1,230,552	5.77	76,831,453
Rank		2Q efficiency ratio 2001	2Q efficiency ratio 2000	Noninterest expense 2Q 2001	Noninterest expense 2Q 2000	Noninterest expense change	Assets 30-Jun-01
76	Central Coast Bancorp Salinas, Calif.	51.34%	48.01%	$9,700	$8,456	14.71%	$746,136
77	Horizon Financial Corp. Bellingham, Wash.	51.4	50.37	7,051	6,890	2.34	739,109
78	Harleysville Savings Financial Corp. Harleysville, Pa.	51.52	46.86	2,902	2,665	8.89	555,851
79	NEB Corp. Fond Du Lac, Wis.	51.58	49.9	11,192	10,774	3.88	907,564
80	Associated Banc-Corp Green Bay, Wis.	51.63	51.84	156,325	159,642	-2.08	13,242,288
81	Trustmark Corp. Jackson, Miss.	51.66	53.2	97,265	96,368	0.93	7,157,124
82	Security National Corp. Sioux City, Iowa	51.71	50.22	10,666	9,963	7.06	761,551
83	First Bank Corp. Fort Smith, Ark.	51.82	54.22	13,214	13,017	1.51	908,545
84	Bank Leumi Le-Israel Corp. New York	51.87	52.76	31,101	30,645	1.49	3,913,171
85	First Midwest Bancorp Inc. Itasca, Ill.	51.94	55.47	71,583	74,333	-3.7	5,773,958
86	Firstbank Holding Co. Lakewood, Colo.	51.95	55.19	75,862	68,716	10.4	5,246,004
87	Brookline Bancorp MHC Brookline, Mass.	52.17	36.52	13,583	7,620	78.25	1,079,058
88	Medford Bancorp Inc. Medford, Mass.	52.17	47.38	10,481	9,823	6.7	1,366,098
89	Pacific Crest Capital Inc. Agoura Hills, Calif.	52.21	48.67	5,162	4,624	11.63	556,120
90	Camden National Corp. Camden, Maine	52.23	54.37	14,257	13,065	9.12	1,050,209
91	First Merchants Corp. Muncie, Ind.	52.27	53.14	20,979	19,288	8.77	1,636,270
92	Sky Financial Group Inc. Bowling Green, Ohio	52.32	51.71	117,399	114,549	2.49	8,715,113
93	Minnwest Corp. Minnetonka, Minn.	52.49	48.76	9,228	8,225	12.19	791,132
94	Mercantile Bank Corp. Grand Rapids, Mich.	52.5	55.12	4,335	3,682	17.73	617,888
95	First Citizens Financial Corp. Mason City, Iowa	52.52	50.4	6,481	5,949	8.94	704,291
96	Centennial Bancorp Portland, Ore.	52.7	52.71	14,092	14,009	0.59	854,685
97	First State Financial Corp. Eastpointe, Mich.	53.09	58.49	6,788	6,736	0.77	643,307
98	U.S.B. Holding Co. Inc. Orangeburg, N.Y.	53.1	47.87	17,428	15,911	9.53	1,955,705
99	Bankfirst Corp. Inc. Sioux Falls, S.D.	53.12	53.51	85,914	78,989	8.77	793,926
100	First Community Bancshares Bluefield, Va.	53.18	50.92	18,587	15,721	18.23	1,277,433
101	1st Source Corp. S. Bend, Ind.	53.27	56.84	58,106	50,430	15.22	3,405,356
102	Wilber Corp. Oneonta, N.Y.	53.33	48.52	7,005	6,404	9.38	579,292
103	ACNB Corp. Gettysburg, Pa.	53.5	51.99	7,005	6,682	4.83	566,974
104	Bank of The Ozarks Inc. Little Rock, Ark.	53.57	54.36	9,042	8,431	7.25	819,643
105	Hanmi Financial Corp. Los Angeles	53.58	48.34	15,074	12,835	17.44	1,114,345
106	First Financial Bankshares Inc. Abilene, Tex.	53.6	53.17	26,659	25,863	3.08	1,751,358
107	East West Bancorp Inc. San Marino, Calif.	53.64	47.55	33,208	25,700	29.21	2,629,751
108	First National Community Bancorp Dunmore, Pa.	53.71	52.09	6,227	5,691	9.42	653,093
109	Fulton Financial Corp. Lancaster, Pa.	53.96	51.22	91,385	79,709	14.65	6,867,358
110	Greene County Bancshares Greeneville, Tenn.	54.26	59.71	13,452	13,281	1.29	764,962
111	Arrow Financial Corp. Glens Falls, N.Y.	54.35	55.89	14,560	13,724	6.09	1,095,338
112	Bancwest Corp. Honolulu	54.48	56.26	297,804	267,020	11.53	19,315,983
113	First of Long Island Corp. Glen Head, N.Y.	54.55	55.16	9,731	8,720	11.59	673,102
114	Farmers & Merchants Bancorp Archbold, Ohio	54.64	53.37	8,041	7,312	9.97	656,591
115	Unionbancal Corporation San Francisco	54.64	48.42	611,016	541,590	12.82	35,816,218
116	Wesbanco Inc. Wheeling, W.Va.	54.65	57.84	31,231	32,279	-3.25	2,398,110
117	Colonial BancGroup Inc. Montgomery, Ala.	54.79	55.65	134,966	141,125	-4.36	12,295,021
118	Bancfirst Ohio Corp. Zanesville, Ohio	54.83	58.11	16,695	15,783	5.78	1,523,577
119	Riverside Banking Co. Fort Pierce, Fla.	54.84	57.26	19,125	18,529	3.22	1,314,032
120	Midwest Banc Holdings Inc. Melrose Park, Ill.	54.88	54.11	15,225	14,422	5.57	1,606,545
121	First Financial Bancorp Hamilton, Ohio	54.91	54.74	59,834	59,775	0.1	3,897,109
122	Dickinson Financial Corp. II Kansas City, Mo.	54.95	50.12	49,703	40,183	23.69	3,271,833
123	First Bancorp Troy, N.C.	55	59.76	13,124	9,550	37.42	1,093,844
124	Farmers & Merchants Bancorp Lodi, Calif.	55.03	56.17	13,847	13,735	0.82	916,933
125	First Financial Corp. Terre Haute, Ind.	55.03	50.91	24,969	21,486	16.21	2,014,949
126	Riverway Holdings Inc. Houston	55.16	56.97	5,300	5,231	1.32	677,022
127	Southtrust Corp. Birmingham, Ala.	55.22	56.22	550,221	532,428	3.34	46,534,992
128	Hibernia Corp. New Orleans	55.27	54.02	262,819	231,835	13.36	16,306,558
129	Bank of America Corp. Charlotte, N.C.	55.27	53.9	9,528,000	9,036,000	5.44	625,524,000
130	First National Bancorp Inc. Joliet, Ill.	55.36	54.45	13,802	12,586	9.66	1,114,302
131	New Lenox Holding Co. New Lenox, Ill.	55.38	55.34	7,858	7,400	6.19	817,429
132	Amsouth Bancorp. Birmingham, Ala.	55.56	65.94	579,896	765,531	-24.25	38,473,389
133	First Farmers and Merchants Corp. Columbia, Tenn.	55.57	57.64	10,716	9,493	12.88	829,434
134	Inwood Bancshares Inc. Dallas	55.57	49.66	9,422	9,020	4.46	577,812
135	S. Y. Bancorp Inc. Louisville, Ky.	55.66	58.17	14,582	13,259	9.98	887,316
136	Harleysville National Corp. Harleysville, Pa.	55.8	54.11	25,705	22,575	13.86	2,055,225
137	Wachovia Corp.** Winston-Salem, N.C.	56.07	57.44	1,273,811	1,269,269	0.36	74,828,414
138	City National Corp. Beverly Hills	56.1	57.51	155,616	145,160	7.2	9,123,510
139	Chambers Bancshares Inc. Danville, Ark.	56.16	55.73	9,233	8,638	6.89	823,298
140	RCB Holding Co. Inc. Claremore, Okla.	56.19	55.48	8,207	7,767	5.66	568,279
141	Peapack-Gladstone Financial Corp. Gladstone, N.J.	56.26	57.7	8,519	8,667	-1.71	632,666
142	First Mutual Bancshares Inc. Bellevue, Wash.	56.28	53.25	7,112	5,893	20.69	659,987
143	National City Corp. Cleveland	56.37	56.61	1,647,852	1,541,742	6.88	95,247,453
144	Citizens and Northern Corp. Wellsboro, Pa.	56.38	55.6	9,178	8,325	10.25	809,169
145	Univest Corp. of Pennsylvania Souderton, Pa.	56.49	57.66	17,931	18,070	-0.77	1,219,609
146	Allegiant Bancorp Inc. St. Louis	56.5	60.49	13,579	10,550	28.71	1,158,650
147	UNB Corp. Canton, Ohio	56.56	56.36	15,432	13,887	11.13	1,078,695
148	Banknorth Group Inc. Portland, Maine	56.59	67.34	252,708	284,173	-11.07	18,111,515
149	First Commonwealth Financial Corp. Indiana, Pa.	56.64	55.5	50,855	50,078	1.55	4,537,009
150	Summit Bancshares Inc. Fort Worth	56.71	52.77	9,622	8,442	13.98	619,849

*Consolidated data from Y9-C reports; includes U.S. units of foreign companies.
**Data for Wachovia Corp. is prior to the merger with First Union Corp.
***Noninterest expense divided by (total income minus interest expense)