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Top 100 Most Efficient Bank Holding Companies (YE 1999)

Published May 24, 2000, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Top 100 Most Efficient Bank Holding Companies (YE 1999)
Top 100 Most Efficient Bank Holding Companies* (YE 1999)
Efficiency ratios as of December 1999; Dollars in thousands
Published May 24, 2000

Rank

Company Name

City

State

Efficiency Ratio

Total Overhead
Expense

 % Change Total Assets
at YE 1999

12/31/1999

12/31/1998

12/31/1999

12/31/1998
1 Hershenhorn Bancorp Palatine IL 16.85% 16.58% $7,135 $5,290 34.88% $915,947
2 West Bancorp West Des Moines IA 27.89 28.75 9,515 8,803 8.09 775,964
3 Hudson City, MHC Paramus NJ 28.35 N/A 68,693 N/A N/A 8,518,865
4 United National Sioux Falls SD 29.57 33.83 54,885 41,814 31.26 511,621
5 Queens County Bancorp Flushing NY 29.98 36.56 21,388 25,953 (17.59) 1,906,835
6 Amboy Bancorp Old Bridge NJ 33.02 25.01 21,291 14,467 47.17 1,376,755
7 North Fork Bancorp Melville NY 34.79 47.74 178,075 230,381 (22.70) 12,108,116
8 Cathay Bancorp Los Angeles CA 36.71 41.07 32,494 31,690 2.54 1,995,924
9 Brookline Bancorp, MHC Brookline MA 37.08 26.23 14,617 9,649 51.49 907,368
10 Trustco Bankcorp, NY Schenectady NY 38.68 44.20 45,636 48,765 (6.42) 2,367,141
11 GBC Bancorp Los Angeles CA 39.66 40.20 34,555 31,196 10.77 1,744,197
12 Valley View Bancshares Overland Park KS 40.05 43.42 33,283 34,145 (2.52) 1,794,990
13 Boiling Springs, MHC Rutherford NJ 40.40 N/A 8,872 N/A N/A 617,612
14 Frontier Financial Everett WA 40.66 43.08 28,321 26,702 6.06 1,245,602
15 Bank of Granite Granite Falls NC 40.76 39.33 17,707 16,907 4.73 610,727
16 Mississippi Valley Bncshrs St. Louis MO 41.10 41.86 28,454 23,597 20.58 1,561,149
17 S & T Bancorp Indiana PA 41.27 43.02 43,342 42,020 3.15 2,194,073
18 Stearns Financial Services St. Cloud MN 41.62 42.12 20,048 16,095 24.56 802,857
19 Andover Bancorp Andover MA 42.00 48.33 21,722 22,286 (2.53) 1,491,146
20 Bank Of New York Co. New York NY 42.06 51.06 2,107,280 1,928,017 9.30 74,756,321
21 Royal Bancshares of PA Narberth PA 42.33 34.68 13,130 10,873 20.76 522,536
22 First National Bancshares East Lansing MI 42.51 41.94 19,279 11,022 74.91 770,234
23 Delta Bancshares Co. St. Louis MO 42.52 42.48 8,254 7,819 5.56 580,596
24 Westamerica Bancorp San Rafael CA 43.60 44.66 100,133 101,408 (1.26) 3,897,374
25 Investors Bancorp, MHC Millburn NJ 43.98 47.02 33,323 34,147 (2.41) 4,658,060
26 Ames National Ames IA 43.99 41.26 11,276 10,163 10.95 606,747
27 First Security Bancorp Searcy AR 44.23 41.44 22,488 14,746 52.50 1,078,780
28 NSB Holding Ithaca NY 44.49 44.50 10,591 9,261 14.36 718,017
29 Inwood Bancshares Dallas TX 44.77 50.14 11,601 10,282 12.83 572,439
30 Valley National Bancorp Wayne NJ 44.92 48.76 137,946 134,757 2.37 6,360,394
31 Merchants NY Bancorp New York NY 44.96 47.65 26,773 25,383 5.48 1,395,313
32 American Holding Co. Highland Park IL 45.48 44.27 5,387 4,304 25.16 561,120
33 Oriental Financial Group Rio Piedras PR 46.03 48.50 33,675 31,404 7.23 1,717,501
34 Texas Regional Bancshares McAllen TX 46.05 49.75 46,447 41,513 11.89 2,120,690
35 China Trust Holdings NV New York NY 46.18 57.84 27,530 28,161 (2.24) 1,305,848
36 Park National Corp. Newark OH 46.19 47.79 67,540 64,309 5.02 2,634,337
37 National Commerce Bancorp Memphis TN 46.23 49.76 155,258 140,304 10.66 6,806,173
38 W Holding Company Mayaguez PR 46.41 N/A 52,923 N/A N/A 3,366,142
39 Capital Holdings Sylvania OH 46.57 48.33 14,786 12,533 17.98 989,213
40 Mercantile Bankshares Baltimore MD 46.58 47.00 230,420 219,005 5.21 7,895,024
41 First Bancorp San Juan PR 46.72 46.56 101,752 92,260 10.29 4,721,568
42 Security Banc Springfield OH 47.02 47.58 23,548 22,974 2.50 976,411
43 Wilber Oneonta NY 47.05 49.85 12,529 12,510 0.15 570,577
44 Massbank Reading MA 47.10 45.78 12,507 12,494 0.10 925,853
45 Lauritzen Omaha NE 47.16 47.62 37,596 33,888 10.94 1,114,320
46 Sun Bancorp Selinsgrove PA 47.18 46.18 11,950 11,295 5.80 710,922
47 Silicon Valley Bancshares Santa Clara CA 47.23 50.32 125,659 83,646 50.23 4,596,298
48 First Community Bancshares Bluefield VA 47.37 50.26 27,727 28,978 (4.32) 1,087,542
49 Financial Institutions Warsaw NY 47.42 49.03 26,954 24,531 9.88 1,140,569
50 City National Bancshares Miami FL 47.56 47.84 37,309 32,756 13.90 1,779,326

Rank

Company Name

City

State

Efficiency Ratio

Total Overhead
Expense

 % Change Total Assets
at YE 1999

12/31/1999

12/31/1998

12/31/1999

12/31/1998
51 Barret Bancorp Barretville TN 47.65% N/A $11,141 N/A N/A $516,167
52 FBOP Oak Park IL 47.70 41.85% 113,311 $77,666 45.90% 5,070,235
53 East West Bancorp San Marino CA 47.81 52.87 42,428 35,607 19.16 2,150,602
54 Hamilton Bancorp Miami FL 47.98 38.84 38,889 28,093 38.43 1,702,281
55 Stockman Financial Miles City MT 48.16 47.22 11,106 9,722 14.24 502,181
56 National City Bancorp Minneapolis MN 48.30 49.32 29,090 28,048 3.72 1,141,462
57 First Independent Invest Grp Vancouver WA 48.46 44.66 16,571 14,542 13.95 645,661
58 United Bancorp. of WY Jackson WY 48.51 48.61 14,711 13,812 6.51 620,939
59 Fifth Third Bancorp Cincinnati OH 48.53 48.81 1,121,956 803,577 39.62 41,589,512
60 International Bncshrs Laredo TX 48.88 55.54 106,992 104,019 2.86 5,421,804
61 UCBH Holdings San Francisco CA 48.99 59.72 37,198 33,685 10.43 2,284,800
62 Emigrant Bancorp New York NY 49.05 49.36 125,690 115,426 8.89 7,342,445
63 American National Omaha NE 49.28 53.69 16,905 17,080 (1.02) 679,900
64 United Bankshares Charleston WV 49.31 64.79 117,519 137,964 (14.82) 5,069,160
65 Comerica Incorporated Detroit MI 49.36 49.43 1,116,957 1,020,131 9.49 38,664,033
66 Marine Bancorp Springfield IL 49.41 48.21 8,460 5,684 48.84 531,440
67 U.S.B. Holding Co. Orangeburg NY 49.53 65.43 29,273 31,922 (8.30) 1,646,371
68 CCB Financial Durham NC 49.70 52.85 244,409 230,804 5.89 8,183,798
69 Corus Bankshares, Inc Chicago IL 49.77 43.48 63,095 51,889 21.60 2,388,198
70 West Suburban Bancorp Lombard IL 49.89 51.58 32,864 31,482 4.39 1,408,062
71 Horizon Financial Corp Bellingham WA 49.98 38.86 13,105 8,454 55.02 687,805
72 Summit Bancshares Fort Worth TX 50.14 51.67 15,224 14,173 7.42 564,786
73 Minnwest Minnetonka MN 50.31 53.89 15,294 14,423 6.04 710,603
74 DFC Acquisition Corp Two Kansas City MO 50.36 49.90 73,925 66,905 10.49 2,736,237
75 Parkway Bancorp Harwood Heights IL 50.48 52.44 21,648 20,825 3.95 1,017,751
76 First Citizens Fin. Corp. Mason City IA 50.56 51.39 11,519 10,898 5.70 659,883
77 BSB Bancrop, Inc. Binghamton NY 50.62 41.43 50,802 32,520 56.22 2,247,226
78 Triangle Bancorp, Inc. Raleigh NC 50.87 58.60 51,095 54,075 (5.51) 2,351,125
79 Central Coast Bancorp Salinas CA 50.95 52.56 16,043 13,854 15.80 593,362
80 Hillcrest Bancshares, Inc. Overland Park KS 50.98 53.23 13,634 12,108 12.60 752,602
81 Hudson Valley Holding Corp. Yonkers NY 51.09 53.99 23,411 21,187 10.50 1,147,649
82 Centennial Bancorp Eugene OR 51.15 50.15 22,792 19,242 18.45 727,223
83 State Bancorp, Inc. New Hyde Park NY 51.21 53.55 20,427 17,940 13.86 949,829
84 First Commonwealth Fin Corp Indiana PA 51.26 60.46 93,586 100,450 (6.83) 4,343,207
85 Charter One Financial, Inc. Cleveland OH 51.30 105.44 635,283 87,454 626.42 31,857,299
86 First Charter Corporation Concord NC 51.34 74.06 45,870 59,166 (22.47) 1,894,316
87 Medford Bancorp, Inc. Medford MA 51.48 51.25 19,226 19,140 0.45 1,225,285
88 U.S. Bancorp Minneapolis MN 51.72 53.33 3,142,400 2,863,200 9.75 81,530,000
89 Bankfirst Corporation, Inc. Sioux Falls SD 51.74 57.77 132,592 69,701 90.23 644,162
90 Harleysville National Corp. Harleysville PA 51.81 52.11 38,438 32,573 18.01 1,635,679
91 First Merchants Corporation Muncie IN 51.91 50.04 36,710 27,895 31.60 1,474,048
92 First of Long Island Corp. Glen Head NY 51.95 52.77 16,321 15,469 5.51 570,551
93 Great Southern Bancorp, Inc. Springfield MO 52.20 49.00 25,167 21,201 18.71 964,803
94 ACNB Corporation Gettysburg PA 52.33 51.06 13,266 11,678 13.60 546,067
95 Mech Financial, Inc. Hartford CT 52.36 58.29 24,169 23,171 4.31 1,119,754
96 Summit Bancorp. Princeton NJ 52.37 51.60 869,490 788,870 10.22 36,410,873
97 First Financial Corporation Terre Haute IN 52.40 55.41 43,543 42,567 2.29 1,905,201
98 Glacier Bancorp, Inc. Kalispell MT 52.56 51.92 23,979 21,255 12.82 884,117
99 Fulton Financial Corporation Lancaster PA 52.67 55.36 160,988 158,084 1.84 6,070,019
100 Trustmark Corporation Jackson MS 52.87 55.88 187,071 180,391 3.70 6,743,404

* Based on the Largest 500.
Source:

Sheshunoff Information Services
, Austin, Tex.

©  2000 American Banker


Banks, thrifts and holding companies