U.S. Banking Companies with Highest Multiples of Net to Salary, Benefits

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U.S. Banking Companies with Highest Multiples of Net to Salary, Benefits

U.S. Banking Companies with Highest Multiples of Net to Salary, Benefits
In the first quarter of 2006. Dollars in thousands
Published October 11, 2006
Related Table: Net income leaders in the group; Leaders in return on assets
Rank   Multiple Net income Salaries and benefits Return on average assets
1 Amboy Bancorp. Old Bridge, N.J. 6.02 $25,630 $4,259 3.85%
2 Intervest Bancshares Corp. New York 4.40 6,420 1,459 1.47
3 Corus Bankshares Inc. Chicago 3.57 43,389 12,163 1.98
4 SBC Inc. Countryside, Ill. 3.32 8,955 2,700 3.38
5 First Financial Holdings MHC Renton, Wash. 3.11 2,535 814 1.12
6 United National Corp. Sioux Falls, S.D. 3.07 91,926 29,917 29.78
7 First Mutual Bancorp of Illinois Inc. Harvey 2.97 5,205 1,753 2.28
8 Stearns Financial Services Inc. St. Cloud, Minn. 2.78 16,182 5,813 4.42
9 Hershenhorn Bancorp. Inc. Palatine, Ill. 2.66 4,368 1,643 3.65
10 Washington First Financial Group Inc. Seattle 2.59 2,608 1,007 1.86
11 W Holding Co. Inc. Mayaguez, Puerto Rico 2.52 35,390 14,070 0.87
12 Marathon Banking Corp. Astoria, N.Y. 2.38 6,580 2,759 3.31
13 Thornton Holding Co. Inc. Douglasville, Ga. 2.34 2,520 1,077 2.84
14 Capitol Bancorp. Inc. Britton, S.D. 2.33 4,223 1,816 3.29
15 Florida Community Banks Inc. Immokalee 2.32 5,194 2,237 2.19
16 Omni Financial Services Inc. Atlanta 2.26 4,607 2,040 3.71
17 New York Community Bancorp Inc. Westbury 2.25 66,375 29,540 0.99
18 Hillcrest Bancshares Inc. Overland Park, Kan. 2.22 5,476 2,462 1.52
19 Guaranty Development Co. Livingston, Mont. 2.17 3,435 1,582 2.73
20 Olney Bancshares of Texas Inc. 2.10 5,671 2,702 2.28
21 Triangle Financial Group Inc. Loganville, Ga. 2.09 2,303 1,101 2.34
22 Fidelity Holding Co. Minnetonka, Minn. 2.04 2,060 1,010 2.29
23 INB Financial Corp. McAllen, Tex. 2.03 6,668 3,292 2.43
24 Manhattan Banking Corp. Manhattan, Kan. 1.99 2,267 1,137 1.68
25 Westamerica Bancorp. San Rafael, Calif. 1.97 26,117 13,258 2.07
26 Cathay General Bancorp Los Angeles 1.95 27,336 14,040 1.65
27 Pacific Capital Bancorp Santa Barbara, Calif. 1.95 67,368 34,614 3.72
28 East West Bancorp Inc. Pasadena, Calif. 1.95 32,051 16,469 1.50
29 Security Pacific Bancorp Los Angeles 1.92 4,069 2,124 2.72
30 City National Bancshares Inc. Miami 1.90 17,251 9,070 2.45
31 United Bancorp. of Wyoming Inc. Jackson 1.82 7,413 4,078 2.41
32 Lakeside Bancorp Inc. Chicago 1.80 4,399 2,445 2.40
33 Farmers Enterprises Inc. Great Bend, Kan. 1.78 2,188 1,232 1.73
34 Stockman Financial Corp. Miles City, Mont. 1.76 7,874 4,484 2.79
35 Chambers Bancshares Inc. Danville, Ark. 1.75 4,367 2,492 2.16
36 Alikat Investments Inc. Gurnee, Ill. 1.74 1,847 1,060 1.42
37 Prairie Financial Corp. Bridgeview, Ill. 1.71 2,713 1,587 2.00
38 Lauritzen Corp. Omaha 1.71 13,857 8,120 4.54
39 FCB Florida Bancorp. Inc. Orlando 1.70 2,655 1,565 1.84
40 Gwinnett Commercial Group Inc. Lawrenceville, Ga. 1.68 2,737 1,632 1.80
41 Henry County Bancshares Inc. Stockbridge, Ga. 1.64 3,075 1,879 1.92
42 United Bankshares Inc. Charleston, W.Va. 1.63 24,610 15,096 1.47
43 Royal Bancshares of Pennsylvania Inc. Narberth 1.62 5,346 3,310 1.65
44 Crews Banking Corp. Wauchula, Fla. 1.61 6,260 3,895 2.17
45 Inwood Bancshares Inc. Dallas 1.59 6,174 3,879 2.19
46 Hanmi Financial Corp. Los Angeles 1.59 14,802 9,335 1.73
47 United Security Bancshares Fresno 1.59 3,864 2,437 2.44
48 Diamond Bancorp Inc. Washington, Mo. 1.57 3,314 2,112 2.39
49 New Frontier Bancorp Greeley, Colo. 1.56 3,033 1,941 1.46
50 Alliance Financial Services Inc. St. Paul 1.54 3,644 2,360 2.58
51 Delta Bancshares Co. St. Louis 1.53 2,339 1,524 1.20
52 ANB Bancshares Inc. Bentonville, Ark. 1.51 6,463 4,293 2.53
53 U.S. Bancorp Minneapolis 1.50 1,153,000 767,000 2.19
54 Wilshire Bancorp Inc. Los Angeles 1.50 7,823 5,221 1.83
55 S&T Bancorp Inc. Indiana, Pa. 1.50 14,237 9,512 1.79
56 City Holding Co. Charleston, W.Va. 1.49 12,866 8,632 2.06
57 WNB Bancshares Inc. Odessa, Tex. 1.49 3,620 2,433 2.34
58 North Fork Bancorp. Inc. Melville, N.Y. 1.49 210,128 141,311 1.46
59 Carbon County Holding Co. Rawlins, Wyo. 1.49 1,149 773 3.44
60 Ida Grove Bancshares Inc. Ida Grove, Iowa 1.47 3,251 2,206 1.82
61 First Citizens Bancorp Cleveland, Tenn. 1.47 4,247 2,887 2.41
62 Southern Utah Bancorp. Cedar City 1.47 2,705 1,845 2.11
63 Citizens Bankshares Inc. Farmington, N.M. 1.45 2,542 1,752 2.06
64 Frontier Financial Corp. Everett, Wash. 1.45 15,428 10,647 2.17
65 Mesaba Bancshares Inc. Grand Rapids, Minn. 1.44 2,284 1,591 1.99
66 CVB Financial Corp. Ontario, Calif. 1.43 18,240 12,720 1.33
67 First Indiana Corp. Indianapolis 1.41 14,563 10,324 2.98
68 Northern Empire Bancshares Santa Rosa, Calif. 1.40 4,448 3,167 1.41
69 Prosperity Bancshares Inc. Houston 1.40 12,864 9,195 1.43
70 Barnes Bancorp. Kaysville, Utah 1.39 3,568 2,568 2.30
71 First McMinnville Corp. Tenn. 1.36 977 717 1.23
72 Bankmanagers Corp. Milwaukee 1.35 3,490 2,590 1.97
73 Republic Bancorp Inc. Owosso, Mich. 1.33 16,417 12,320 1.07
74 Valley Bancorp Las Vegas 1.32 1,634 1,237 1.63
75 Big Sandy Holding Co. Longmont, Colo. 1.32 3,494 2,646 1.63
76 Oriental Financial Group Inc. San Juan, Puerto Rico 1.30 7,999 6,173 0.70
77 Amarillo National Bancorp Inc. Tex. 1.29 9,639 7,455 2.04
78 First Financial Banc Corp. El Dorado, Ark. 1.29 3,045 2,358 2.44
79 Valley View Bancshares Inc. Overland Park, Kan. 1.28 9,973 7,793 1.64
80 Bank of the Ozarks Inc. Little Rock 1.28 8,397 6,584 1.55
81 First Regional Bancorp Century City, Calif. 1.27 8,515 6,694 1.82
82 First National Community Bancorp Inc. Dunmore, Pa. 1.27 3,194 2,513 1.26
83 Hinsbrook Bancshares Inc. Willowbrook, Ill. 1.27 1,837 1,446 1.47
84 First South Bancorp Inc. Washington, N.C. 1.27 4,223 3,336 1.98
85 American National Corp. Omaha 1.27 6,311 4,988 1.66
86 PB Financial Services Corp. Duluth, Ga. 1.25 1,744 1,392 1.31
87 Orion Bancorp Inc. Naples, Fla. 1.25 7,026 5,615 1.49
88 Southern National Banks Inc. Fort Walton Beach, Fla. 1.24 3,107 2,500 2.89
89 Foster Bankshares Inc. Chicago 1.24 2,134 1,722 1.97
90 West Bancorp. Inc. West Des Moines, Iowa 1.24 4,545 3,675 1.43
91 Villages Bancorp. Inc. The Villages, Fla. 1.23 2,501 2,037 1.15
92 Parkway Bancorp Inc. Harwood Heights, Ill. 1.23 5,131 4,185 1.23
93 Valley National Bancorp Wayne, N.J. 1.21 40,911 33,688 1.34
94 People’s Utah Bancorp American Fork 1.21 3,609 2,993 2.26
95 Beach Community Bancshares Inc. Fort Walton Beach, Fla. 1.21 1,596 1,324 1.37
96 Ames National Corp. Iowa 1.20 2,913 2,422 1.42
97 Porter Bancorp Inc. Louisville 1.20 3,403 2,837 1.36
98 Ocean Bankshares Inc. Miami 1.20 22,556 18,830 1.57
99 Central Bancorp. Provo, Utah 1.20 3,421 2,856 2.86
100 Hometown Community Bancorp Inc. Morton, Ill. 1.19 3,491 2,937 1.08
101 Park National Corp. Newark, Ohio 1.19 23,807 20,046 1.76
102 Whitcorp Financial Co. Leoti, Kan. 1.19 2,023 1,704 1.66
103 Virginia Commerce Bancorp Inc. Arlington 1.19 5,715 4,820 1.44
104 Security Holding Co. Fredericksburg, Tex. 1.17 2,767 2,362 2.02
105 Associated Banc-Corp Green Bay, Wis. 1.17 81,707 69,755 1.49
106 Auburn National Bancorp. Inc. Ala. 1.17 1,644 1,405 1.08
107 West Financial Inc. El Paso 1.16 3,100 2,674 1.96
108 First National Bank Group Inc. Edinburg, Tex. 1.16 12,696 10,952 1.49
109 Putnam-Greene Financial Corp. Eatonton, Ga. 1.15 1,827 1,588 1.53
110 First Keystone Corp. Berwick, Pa. 1.14 1,566 1,370 1.22
111 First Community Bancorp Rancho Santa Fe, Calif. 1.14 17,403 15,230 1.88
112 American River Bankshares Rancho Cordova, Calif. 1.14 2,243 1,964 1.47
113 Republic Bancorp Co. Orland Park, Ill. 1.14 2,434 2,134 1.34
114 Nara Bancorp Inc. Los Angeles 1.14 7,879 6,937 1.72
115 American Bank Inc. Allentown, Pa. 1.13 739 652 0.56
116 Community Bancorp Las Vegas 1.13 3,425 3,042 1.52
117 Silver State Bancorp Henderson, Nev. 1.12 4,443 3,956 2.12
118 First-West Texas Bancshares Inc. Midland 1.12 1,783 1,591 1.87
119 First National Lincoln Corp. Damariscotta, Maine 1.12 2,978 2,661 1.13
120 Salin Bancshares Inc. Indianapolis 1.12 4,376 3,914 2.00
121 Horizon Financial Corp. Bellingham, Wash. 1.12 4,165 3,732 1.53
122 First Security Bankshares Inc. Lavonia, Ga. 1.11 1,378 1,242 1.88
123 Mercantile Bankshares Corp. Baltimore 1.11 70,759 63,834 1.72
124 Penns Woods Bancorp Inc. Williamsport, Pa. 1.10 2,455 2,232 1.72
125 IBT Bancorp Inc. Irwin, Pa. 1.09 2,310 2,121 1.34
126 Rockhold Bancorp Kirksville, Mo. 1.08 926 856 0.83
127 First National Bancshares Inc. East Lansing, Mich. 1.07 2,737 2,562 2.41
128 First Financial Bancshares Inc. Roland, Okla. 1.07 697 654 1.55
129 Sierra Bancorp Porterville, Calif. 1.06 4,450 4,191 1.68
130 Blackhawk Bancorp. Inc. Milan, Ill. 1.06 1,769 1,669 1.11
131 Palm Bancorp Palmerton, Pa. 1.06 1,591 1,502 1.29
132 Civitas BankGroup Inc. Franklin, Tenn. 1.06 3,201 3,024 1.68
133 CNB Bancshares Inc. Sevierville, Tenn. 1.06 2,148 2,032 1.58
134 Brand Group Holdings Inc. Lawrenceville, Ga. 1.05 3,380 3,206 1.80
135 ITLA Capital Corp. La Jolla, Calif. 1.05 6,332 6,020 0.85
136 United Security Bancshares Inc. Thomasville, Ala. 1.05 3,680 3,518 2.31
137 Camden National Corp. Maine 1.04 4,937 4,735 1.16
138 Center Financial Corp. Los Angeles 1.04 5,769 5,533 1.38
139 Great Southern Bancorp Inc. Springfield, Mo. 1.04 7,196 6,929 1.34
140 Bank of America Corp. Charlotte 1.04 4,985,760 4,813,431 1.41
141 Mercantile Bank Corp. Grand Rapids, Mich. 1.03 4,929 4,765 1.05
142 Four Oaks Fincorp Inc. Four Oaks, N.C. 1.03 1,935 1,872 1.49
143 Heartland Bancorp Inc. Bloomington, Ill. 1.03 3,905 3,781 1.69
144 National Bankshares Inc. Blacksburg, Va. 1.03 3,003 2,911 1.43
145 Commercial Bankshares Inc. Miami 1.03 3,054 2,963 1.20
146 United Heritage Bankshares of Florida Inc. Orlando 1.03 1,714 1,666 1.01
147 Harleysville Savings Financial Corp. Pa. 1.03 1,161 1,129 0.61
148 Security National Corp. Omaha 1.03 2,234 2,175 1.85
149 Commonwealth Bankshares Inc. Norfolk, Va. 1.03 2,046 1,996 1.43
150 Frontenac Bancshares Inc. Earth City, Mo. 1.02 722 706 0.69

Only domestic holding companies that file Y-9C reports are included.

Source: SNL Financial, Charlottesville, Va. (www.snl.com)

© 2006 American Banker