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 2003. Dollars in thousands
Published September 25, 2003
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 First Financial Holdings MHC Renton, Wash. 5.63 $1,954 $347 1.17%
2 Stockmans Financial Group Elk Grove, Calif. 5.09 3,815 749 6.56
3 Dairyland Bank Holding Corp La Crosse, Wis. 4.9 1,214 248 2.94
4 F.B.H. Corp. Fayette, Ala. 4.11 1,221 297 2.93
5 Vermillion Bancshares Inc. Minn. 4.05 2,221 548 3.43
6 Germantown Banc Corp. Ill. 4.01 1,508 376 2.40
7 Amboy Bancorp. Old Bridge, N.J. 4 13,852 3,464 2.81
8 New York Community Bancorp Inc. Westbury 3.6 67,368 18,726 2.31
9 Elgin Bancshares Inc. Ill. 3.59 1,048 292 4.85
10 Humboldt Bancorp Eureka, Calif. 3.51 21,961 6,264 1.33
11 Yellowstone Holding Co. Columbus, Mont. 3.45 2,608 755 4.01
12 Builders Financial Corp Chicago 3.35 4,626 1,381 4.04
13 Doral Financial Corp. San Juan, Puerto Rico 3.3 69,987 21,199 3.26
14 Dentel Bancorp. Victor, Iowa 3.19 1,365 428 2.74
15 Security Bancshares Co. Glencoe, Minn. 3.16 1,697 537 2.41
16 Fidelity Bancshares Inc. Edina, Minn. 3.14 2,961 943 2.10
17 Mountain View Bancshares Ark. 3.12 1,056 338 2.72
18 Lincoln Savings Bank Corp. Ill. 3.11 1,881 604 4.47
19 Chambanco Inc. Chambers, Neb. 2.9 319 110 3.16
20 Neffs Bancorp Inc. Pa. 2.88 770 267 1.68
21 Pawnee Holding Co. Inc. Okla. 2.87 1,055 368 2.05
22 SBC Inc. Countryside, Ill. 2.82 5,059 1,793 2.95
23 Stearns Financial Services St. Cloud, Minn. 2.69 10,224 3,800 4.60
24 Fina Bancorp Inc. Valparaiso, Ind. 2.52 4,826 1,916 3.28
  Lauritzen Corp. Omaha 2.52 10,085 4,010 3.62
26 United Community Bancorp Chatham, Ill. 2.5 4,158 1,661 3.10
27 ITLA Capital Corp. La Jolla, Calif. 2.43 13,021 5,352 3.23
28 City National Bancshares Miami 2.42 17,318 7,169 3.11
29 West Bancorp. Inc. West Des Moines, Iowa 2.36 4,051 1,720 1.86
30 Gravett Bancshares Inc. Ark. 2.35 985 419 2.19
  Roseau Realty Co. Inc. Minn. 2.35 1,179 502 6.28
32 Concord EFS Inc. Memphis 2.29 77,717 33,914 11.40
33 Country Agencies and Investments Inc. Odessa, Mo. 2.26 1,275 563 1.12
  Security Financial Services Durand, Wis. 2.26 989 438 2.00
35 Albany Bancshares Inc. Tex. 2.25 1,312 584 2.70
36 Washington First Financial Group Seattle 2.24 1,558 697 1.51
37 Denison Bancshares Inc. Holton, Kan. 2.21 989 447 4.95
38 WCN Bancorp Inc. Wisconsin Rapids, Wis. 2.2 1,658 752 2.79
39 North Fork Bancorp. Melville, N.Y. 2.19 103,539 47,341 1.89
40 Farmers Enterprises Inc. Great Bend, Kan. 2.14 1,808 843 2.27
41 Oriental Financial Group Inc. Rio Piedras, Puerto Rico 2.13 13,006 6,098 1.85
42 Bosshard Banco Ltd. La Crosse, Wis. 2.11 1,144 543 1.61
  Brighton Bancorp Salt Lake City 2.11 1,792 851 3.92
44 Putnam Bancshares Inc. Hurricane, W.Va. 2.08 1,409 678 1.16
  Prophetstown Banking Co. Ill. 2.08 985 474 1.70
  Intervest Bancshares Corp. New York 2.08 1,801 867 1.02
  New Tripoli Bancorp Inc. Pa. 2.08 874 421 1.74
48 NBM Corp. McAlester, Okla. 2.05 2,176 1,060 3.07
  PTB Corp. Salem, Ore. 2.05 1,632 798 2.69
50 First Bancorp San Juan, Puerto Rico 2.04 36,428 17,851 1.50
  First National Bank Group Edinburg, Tex. 2.04 9,255 4,545 2.39
52 First Illinois Bancorp Inc. East St. Louis 2.03 1,983 976 2.41
53 Austin Colony Inc. Lake Jackson, Tex. 1.99 702 352 1.69
54 First Fabens Bancorp. Tex. 1.97 1,170 593 2.51
55 NW Bancshares Inc. Chippewa Falls, Wis. 1.93 1,374 712 2.18
56 Coastal Bancshares Inc. Pearland, Tex. 1.92 1,575 819 3.07
  Hudson City MHC Paramus, N.J. 1.92 32,428 16,916 0.89
  First National Talladega Corp. Ala. 1.92 1,082 565 1.79
59 Paris Bancshares Inc. Tex. 1.91 1,006 528 1.72
  R&G Financial Corp. San Juan, Puerto Rico 1.91 29,141 15,297 1.77
61 New Era Bancorp Inc. Fredericktown, Mo. 1.9 848 447 1.58
62 Hayward Bancshares Eau Claire, Wis. 1.89 1,143 605 2.19
  Cathay Bancorp Inc. Los Angeles 1.89 12,534 6,643 1.77
64 Homestar Financial Group Inc. Manteno, Ill. 1.87 3,275 1,750 3.71
  FNC Inc. Storm Lake, Iowa 1.87 1,044 558 1.95
  GreenPoint Financial Corp. New York 1.87 127,219 68,111 2.30
67 Inwood Bancshares Inc. Dallas 1.86 4,442 2,383 2.56
  Manhattan Banking Corp. Manhattan, Kan. 1.86 1,457 783 1.73
  Royal Bancshares of Pennsylvania Inc. Narberth 1.86 4,400 2,372 1.58
70 Rockhold Bancorp Kirksville, Mo. 1.85 1,186 641 1.47
71 Countryside Financial Services Walworth, Wis. 1.83 845 462 4.40
72 Giant Holdings Inc. Fort Lauderdale, Fla. 1.82 846 466 1.73
73 Heritage Group Inc. Aurora, Neb. 1.81 2,190 1,211 2.01
  United National Corp. Sioux Falls, S.D. 1.81 36,866 20,419 14.71
75 Converse County Capital Corp Douglas, Wyo. 1.8 887 493 2.21
76 International Bancshares Corp. Laredo, Tex. 1.79 33,017 18,464 2.05
  Blackhawk Bancorp Milan, Ill. 1.79 2,287 1,280 1.77
78 West Texas Bancshares Inc. Kermit 1.78 1,303 730 3.28
  Farmers National Bancorp Cynthiana, Ky. 1.78 692 388 1.68
80 Carlsbad Bancorp. Inc. N.M. 1.77 1,129 639 2.58
81 W Holding Co. Inc. Mayaguez, Puerto Rico 1.76 14,879 8,467 0.70
82 Forstrom Bancorp Inc. Clara City, Minn. 1.75 1,040 594 1.97
  Peoples Holding Co. Inc. Coldwater, Ohio 1.75 1,061 606 1.71
84 Peoples Bancorp Inc. Prairie Du Chien, Wis. 1.74 989 568 1.65
Hudson Valley Holding Corp. Yonkers, N.Y. 1.74 7,638 4,388 2.00
  Washco Bancshares Inc. Potosi, Mo. 1.74 905 521 2.29
87 Lakeside Bancorp Inc. Chicago 1.73 3,286 1,899 2.90
  Pueblo Bancorp. Colo. 1.73 2,927 1,696 3.29
  Thornton Holding Co. Douglasville, Ga. 1.73 1,394 808 2.86
90 Corus Bankshares Inc. Chicago 1.71 12,467 7,284 1.91
  W.S.B. Inc. Washington, Iowa 1.71 585 342 1.39
  Citizens National Bancorp Putnam, Conn. 1.71 1,051 615 1.92
93 High Point Financial Services Forreston, Ill. 1.7 644 378 1.54
  First McMinnville Corp. Tenn. 1.7 1,230 722 1.61
  Charter One Financial Inc. Cleveland 1.7 147,491 86,582 1.38
  Mauston Bancorp Inc. La Crosse, Wis. 1.7 1,228 724 2.98
97 Quail Creek Bancshares Inc. Oklahoma City 1.69 1,623 960 2.52
  Belle Fourche Bancshares S.D. 1.69 1,528 904 2.12
99 DBT Financial Corp. De Witt, Ark. 1.68 570 339 1.39
  WestAmerica Bancorp San Rafael, Calif. 1.68 23,012 13,698 2.14
  Bank of Southside Virginia Corp. Carson 1.68 2,329 1,389 2.19
102 First American Bankshares Fort Atkinson, Wis. 1.67 1,034 619 1.93
  Falcon Bancshares Inc. Laredo, Tex. 1.67 2,184 1,310 3.19
104 First Apple River Corp. Ill. 1.66 654 393 1.44
  Berco Inc. Bennington, Kan. 1.66 1,126 680 1.80
106 HSB Bancorp Inc. Hebron, Md. 1.65 933 564 1.84
  S and T Bancorp Inc. Indiana, Pa. 1.65 12,538 7,581 1.78
  Citizens Bancshares Inc. Somerset, Ky. 1.65 1,504 911 1.90
109 First Keystone Corp. Berwick, Pa. 1.64 1,778 1,083 1.59
  IBT Bancorp Inc. Irwin, Pa. 1.64 2,630 1,605 1.78
  Security Bank Shares Inc. Iron River, Wis. 1.64 635 388 2.18
112 Nekoosa Port Edwards Bancorp Nekoosa, Wis. 1.63 472 289 1.16
  Fairfield Bancshares Inc. Ill. 1.63 788 484 1.36
114 Marine Bancorp Inc. Springfield, Ill. 1.62 3,448 2,122 2.16
  INB Financial Corp. McAllen, Tex. 1.62 3,111 1,918 1.86
116 Northumberland Bancorp Pa. 1.61 571 355 1.13
117 Bank of Highland Park Financial Corp. Ill. 1.59 1,991 1,255 1.29
118 Waseca Bancshares Inc. Minn. 1.58 826 522 1.51
119 Edgar County Banc Shares Paris, Ill. 1.57 724 460 1.86
  First Staunton Bancshares Ill. 1.57 1,188 756 1.58
121 Pacific Capital Bancorp Santa Barbara, Calif. 1.55 36,418 23,542 3.37
  New Lenox Holding Co. Ill. 1.55 3,847 2,489 1.64
123 River Holding Co. Stoddard, Wis. 1.54 730 473 1.43
  West Suburban Bancorp Inc. Lombard, Ill. 1.54 7,805 5,069 1.93
125 Valley Bank Shares Inc. Neb. 1.53 775 505 2.04
126 Lea County Bancshares Inc. Hobbs, N.M. 1.52 865 568 2.17
  Edmonton Bancshares Inc. Ky. 1.52 1,287 847 2.00
  East West Bancorp Inc. San Marino, Calif. 1.52 11,758 7,760 1.37
129 Durant Bancorp Okla. 1.51 4,746 3,137 2.09
  Dells Bancshares Inc. Wisconsin Dells, Wis. 1.51 1,042 689 1.76
131 First Arkansas Bancshares Jacksonville 1.5 2,103 1,398 3.32
  First Financial Bancshares Roland, Okla. 1.5 882 588 2.20
  Tower Bancorp Inc. Greencastle, Pa. 1.5 1,406 938 2.14
134 Gato Holdings Inc. Thief River Falls, Minn. 1.49 802 538 1.79
135 First Alamogordo Bancorp of Nevada Reno 1.48 1,089 734 1.85
  First National Bancshares Camdenton, Mo. 1.48 963 650 1.65
  First Bemidji Holding Co. Minn. 1.48 1,518 1,026 1.81
  Hometown Community Bancorp Morton, Ill. 1.48 2,674 1,808 1.20
  Montfort Bancorp. Inc. Platteville, Wis. 1.48 643 435 1.46
  First Colony Bancshares Inc. Alpharetta, Ga. 1.48 1,193 808 1.48
  First Southwest Bancorp Bismarck, N.D. 1.48 1,826 1,238 2.06
142 Calvin B. Taylor Bankshares Berlin, Md. 1.47 1,352 921 1.48
  First National Security Co. De Queen, Ark. 1.47 1,707 1,165 1.45
  Western Oklahoma Financial Services Elk City 1.45 750 517 1.86
  Waggoner National Bancshares Vernon, Tex. 1.45 1,008 697 2.25
146 Kansas Natural Gas Inc. Hays 1.44 2,027 1,409 4.21
147 Peoples Financial Services Corp. Hallstead, Pa. 1.43 1,294 905 1.48
  American Bank Inc. Allentown, Pa. 1.43 812 568 0.71
  Allegheny Valley Bancorp. Pittsburgh 1.43 1,299 909 1.77
150 Olney Bancshares of Texas 1.42 2,201 1,547 1.79
  Rurban Financial Corp. Defiance, Ohio 1.42 5,300 3,727 3.05
  First Sleepy Eye Bancorp Inc. Sioux Falls, S.D. 1.42 946 666 1.89

Note: Only bank holding companies that file Y-9C reports with the Fed were included.

Source: Sheshunoff Information Services, a division of Thomson Corp.
© 2003 American Banker