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

January 02, 2004, 10:08 a.m. EST 1 Min Read

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U.S. Banking Companies with Highest Multiples of Net to Salary, Benefits
In the second quarter of 2003. Dollars in thousands Published January 2, 2004
Related Table: Net Income Leaders in the Group, Dollars in Millions
		Multiple	Net income	Salaries and benefits	Return on average assets
1	First Financial Holdings MHC Renton, Wash.	5.35	$3,840	$718	1.12%
2	Dairyland Bank Holding Corp. La Crosse, Wis.	4.87	2,451	503	2.94
3	Amboy Bancorp. Old Bridge, N.J.	4.55	31,614	6,944	3.09
4	Germantown Banc Corp. Ill.	3.99	3,025	758	2.39
5	F.B.H. Corp. Fayette, Ala.	3.81	2,520	662	3.01
6	New York Community Bancorp Inc. Westbury	3.58	139,120	38,868	2.33
7	Stockmans Financial Group Elk Grove, Calif.	3.56	5,380	1,510	4.57
8	Fidelity Bancshares Inc. Edina, Minn.	3.54	6,698	1,893	2.2
9	Elgin Bancshares Inc. Ill.	3.48	1,994	573	3.28
10	Doral Financial Corp. San Juan, Puerto Rico	3.41	144,964	42,567	3.27
11	Yellowstone Holding Co. Columbus, Mont.	3.34	5,294	1,583	4.04
12	Vermillion Bancshares Inc. Minn.	3.25	4,353	1,340	3.34
13	Dentel Bancorp. Victor, Iowa	3.13	2,837	906	2.65
14	Mountain View Bancshares Ark.	2.94	2,160	734	2.75
	Pawnee Holding Co. Inc. Okla.	2.94	2,154	733	2.07
16	SBC Inc. Countryside, Ill.	2.86	10,264	3,593	2.94
17	Bridgeview Bancorp Inc. Ill.	2.83	17,671	6,236	0.85
18	Lincoln Savings Bank Corp. Ill.	2.82	3,497	1,242	4.17
19	Neffs Bancorp Inc. Pa.	2.81	1,525	542	1.64
20	Security Bancshares Co. Glencoe, Minn.	2.69	2,940	1,091	2.06
21	Chambanco Inc. Chambers, Neb.	2.56	580	227	2.88
22	Stearns Financial Services St. Cloud, Minn.	2.49	18,150	7,290	4
23	Intervest Bancshares Corp. New York	2.48	4,367	1,764	1.21
24	Washington First Financial Group Seattle	2.43	3,365	1,384	1.6
25	West Bancorp. Inc. West Des Moines	2.42	8,301	3,427	1.91
	W Holding Co. Inc. Mayaguez, Puerto Rico	2.42	40,533	16,767	0.92
27	First Apple River Corp. Ill.	2.33	1,822	783	2
28	Country Agencies and Investments Inc. Odessa, Mo.	2.29	2,604	1,137	1.14
29	City National Bancshares Miami	2.26	32,403	14,334	2.87
	Albany Bancshares Inc. Tex.	2.26	2,613	1,156	2.63
	Lauritzen Corp. Omaha	2.26	18,713	8,294	3.32
32	Bosshard Banco Ltd. La Crosse, Wis.	2.23	2,343	1,049	1.63
	First Illinois Bancorp Inc. East St Louis	2.23	4,452	1,994	2.71
	United Community Bancorp Chatham, Ill.	2.23	7,017	3,145	2.62
	New Era Bancorp Inc. Fredericktown, Mo.	2.23	2,044	917	1.92
36	Farmers Enterprises Inc. Great Bend, Kan.	2.22	3,742	1,683	2.33
	WCN Bancorp Inc. Wisconsin Rapids	2.22	3,398	1,531	2.85
38	Security Financial Services Durand, Wis.	2.17	2,018	932	2.01
39	Forstrom Bancorp Inc. Clara City, Minn.	2.15	2,536	1,178	2.35
40	Oriental Financial Group Inc. San Juan, Puerto Rico	2.14	27,233	12,745	1.89
41	Hayward Bancshares Eau Claire, Wis.	2.08	2,538	1,221	2.37
42	North Fork Bancorp Melville, N.Y.	2.07	199,652	96,414	1.81
43	PTB Corp. Salem, Ore.	2.05	3,256	1,592	2.68
44	First Fabens Bancorp Tex.	2.04	2,440	1,198	2.63
45	Brighton Bancorp Salt Lake City	2.03	3,245	1,600	3.43
46	R&G Financial Corp. San Juan, Puerto Rico	2.02	60,591	29,945	1.78
47	Humboldt Bancorp Roseville, Calif.	1.98	24,622	12,429	1.16
48	Hudson City MHC Paramus, N.J.	1.96	65,129	33,197	0.88
	Coastal Bancshares Inc. Pearland, Tex.	1.96	3,160	1,611	3.04
	Concord EFS Inc. Memphis	1.96	163,833	83,556	11.64
51	Gravett Bancshares Inc. Ark.	1.95	1,814	929	1.99
	Roseau Realty Co. Inc. Minn.	1.95	1,912	981	3.8
53	Austin Colony Inc. Lake Jackson, Tex.	1.94	1,338	691	1.54
54	North West Bancshares Inc. Chippewa Falls, Wis.	1.93	2,774	1,437	2.18
	Fina Bancorp Inc. Valparaiso, Ind.	1.93	7,352	3,810	2.45
56	Washco Bancshares Inc. Potosi, Mo.	1.92	1,990	1,034	2.58
57	Pueblo Bancorp. Colo.	1.91	6,277	3,284	3.57
	New Tripoli Bancorp Inc. Pa.	1.91	1,735	908	1.71
59	Inwood Bancshares Inc. Dallas	1.89	8,738	4,619	2.48
	Denison Bancshares Inc. Holton, Kan.	1.89	1,916	1,015	3.24
61	Farmers National Bancorp Cynthiana, Ky.	1.88	1,451	772	1.75
	Cathay Bancorp Inc. Los Angeles	1.88	25,779	13,725	1.78
63	Manhattan Banking Corp. Manhattan, Kan.	1.87	2,815	1,504	1.64
64	Prophetstown Banking Co. Ill.	1.86	1,770	951	1.52
65	Community Bank Corp. Park Ridge, Ill.	1.84	1,441	782	1.76
	First Bancorp San Juan, Puerto Rico	1.84	65,699	35,751	1.34
	Mauston Bancorp Inc. La Crosse, Wis.	1.84	2,562	1,395	3.04
68	United National Corp. Sioux Falls, S.D.	1.83	74,677	40,727	15.01
	Bank of Southside Virginia Corp. Carson	1.83	5,106	2,791	2.37
	Itla Capital Corp. La Jolla, Calif.	1.83	18,511	10,125	2.33
71	Lakeside Bancorp Inc. Chicago, Ill.	1.82	6,733	3,693	2.87
72	First National Talladega Corp. Ala.	1.81	2,058	1,134	1.68
	GreenPoint Financial Corp. New York	1.81	257,062	141,719	2.3
	Paris Bancshares Inc. Tex.	1.81	1,930	1,067	1.65
	FNC Inc. Storm Lake, Iowa	1.81	2,110	1,167	1.98
76	W.S.B. Inc. Washington, Iowa	1.8	1,243	691	1.48
77	Security Bank Shares Inc. Iron River, Wis.	1.79	1,429	799	2.44
78	Peoples Bancorp Inc. Prairie du Chien, Wis.	1.78	2,096	1,175	1.74
	Carlsbad Bancorp. Inc. N.M.	1.78	2,300	1,290	2.63
80	Charter One Financial Inc. Cleveland	1.77	313,528	176,728	1.45
	First National Bank Group Edinburg, Tex.	1.77	16,527	9,325	2.03
82	Thornton Holding Co. Douglasville, Ga.	1.76	2,940	1,670	2.96
83	Cornerstone Financial Services Group Ottumwa, Iowa	1.75	2,209	1,261	1.75
	INB Financial Corp. McAllen, Tex.	1.75	6,736	3,854	1.93
85	Quail Creek Bancshares Inc. Oklahoma City	1.74	3,288	1,886	2.55
	Peoples Holding Co. Inc. Coldwater, Ohio	1.74	2,144	1,230	1.72
	Putnam Bancshares Inc. Hurricane, W.Va.	1.74	2,504	1,439	1.04
88	Nekoosa Port Edwards Bancorp Wis.	1.73	984	568	1.2
89	Royal Bancshares of Pennsylvania Inc. Narberth	1.72	8,380	4,876	1.47
90	Giant Holdings Inc. Fort Lauderdale, Fla.	1.71	1,612	941	1.64
	Builders Financial Corp. Chicago	1.71	5,113	2,985	2.29
	Gato Holdings Inc. Thief River Fall, Minn.	1.71	1,735	1,014	1.97
	Westamerica Bancorp. San Rafael, Calif.	1.71	46,683	27,297	2.12
	First McMinnville Corp Tenn.	1.71	2,485	1,457	1.62
95	Marine Bancorp Inc. Springfield, Ill.	1.7	7,310	4,288	2.29
	Rockhold Bancorp Kirksville, Mo.	1.7	2,236	1,315	1.39
	International Bancshares Corp. Laredo, Tex.	1.7	61,289	36,092	1.87
	Citizens Bancshares Inc. Somerset, Ky.	1.7	3,100	1,826	1.95
	Belle Fourche Bancshares Spearfish, S.D.	1.7	3,017	1,778	2.11
	Security Agency Inc. Decorah, Iowa	1.7	1,970	1,161	2.21
101	First Bemidji Holding Co. Minn.	1.69	3,464	2,046	2.05
	NBM Corp. McAlester, Okla.	1.69	3,820	2,264	2.64
103	Blackhawk Bancorp Milan, Ill.	1.68	4,360	2,590	1.65
	East West Bancorp Inc. San Marino, Calif.	1.68	26,443	15,727	1.52
105	First Keystone Corp. Berwick, Pa.	1.67	3,635	2,182	1.61
106	Penns Woods Bancorp Inc. Jersey Shore, Pa.	1.66	5,524	3,320	2.24
	S&T Bancorp Inc. Indiana, Pa.	1.66	25,314	15,230	1.78
	River Holding Co. Stoddard, Wis.	1.66	1,562	940	1.52
	Fairfield Bancshares Inc. Ill.	1.66	1,602	967	1.36
110	Countryside Financial Services Walworth, Wis.	1.65	1,498	909	2.92
111	Homestar Financial Group Inc. Manteno, Ill.	1.64	6,121	3,730	3.4
	Converse County Capital Corp. Douglas, Wyo.	1.64	1,645	1,005	2.03
	First American Bankshares Fort Atkinson, Wis.	1.64	2,034	1,244	1.92
114	First National Security Co. De Queen, Ark.	1.63	3,654	2,242	1.54
115	Durant Bancorp Okla.	1.61	10,378	6,430	2.27
	Bank of Highland Park Financial Ill.	1.61	4,012	2,497	1.26
	First Sleepy Eye Bancorp Inc. Sioux Falls, S.D.	1.61	2,126	1,324	2.13
118	Rurban Financial Corp. Defiance, Ohio	1.6	11,779	7,365	3.75
	Heritage Group Inc. Aurora, Neb.	1.6	4,252	2,660	1.94
120	First Southwest Bancorp Bismarck, N.D.	1.58	3,853	2,433	2.14
	Northumberland Bancorp Pa.	1.58	1,172	741	1.12
122	Falcon Bancshares Inc. Laredo, Tex.	1.55	4,168	2,689	2.97
	Waseca Bancshares Inc. Minn.	1.55	1,651	1,067	1.51
	Citizens Bancshares Inc. Albion, Ill.	1.55	1,082	700	4.27
	Sarasota Bancorp Inc. Fla.	1.55	1,088	704	3.88
126	WVS Financial Corp Pittsburgh	1.54	1,567	1,019	0.82
127	First Alamogordo BancorpReno	1.53	2,293	1,495	1.92
	Calvin B. Taylor Bankshares Berlin, Md.	1.53	2,803	1,830	1.51
	Citizens National Bancorp Putnam, Conn.	1.53	1,957	1,279	1.73
	Berco Inc. Bennington, Kan.	1.53	2,341	1,534	1.87
131	Corus Bankshares Inc. Chicago	1.52	25,153	16,509	1.86
	Edgar County Banc Shares Paris, Ill.	1.52	1,466	964	1.88
	Hometown Community Bancorp Morton, Ill.	1.52	5,284	3,478	1.17
	First Staunton Bancshares Ill.	1.52	2,451	1,616	1.61
135	Heartland Bancorp Inc. Bloomington, Ill.	1.51	8,773	5,816	2.7
136	United Security Bancshares Fresno	1.5	3,857	2,568	1.49
	High Point Financial Services Forreston, Ill.	1.5	1,134	757	1.33
138	First National Bancshares Camdenton, Mo.	1.48	1,921	1,295	1.64
139	New Lenox Holding Co. Ill.	1.47	7,638	5,192	1.61
140	Kansas Natural Gas Inc. Hays	1.45	4,065	2,802	4.19
141	UCBH Holdings Inc. San Francisco	1.44	29,356	20,373	1.18
	American National Corp. Omaha	1.44	12,714	8,824	2.15
	Frontier Financial Corp. Everett, Wash.	1.44	19,809	13,774	1.98
144	Maxim Financial Holdings Inc. Dickinson, Tex.	1.43	4,803	3,353	3.04
	Hudson Valley Holding Corp. Yonkers, N.Y.	1.43	13,218	9,230	1.7
	Easter Enterprises Inc. Spencer, Iowa	1.43	1,518	1,061	1.76
	Valley Bank Shares Inc. Neb.	1.43	1,437	1,005	1.9
	304 Corp. Omaha	1.43	1,457	1,019	1.42
	Inland Bancorp Oak Brook, Ill.	1.43	1,106	775	1.88
	NSB Holding Corp. Ithaca, N.Y.	1.43	7,097	4,980	1.02

Only bank holding companies that file Y-9C reports with the Fed were included.
Source: Sheshunoff Information Services, a division of Thomson Corp.
© 2004 American Banker