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Banks, thrifts and holding companies

Most Efficient Bank Holding Companies

November 25, 2015, 12:22 p.m. EST 1 Min Read
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Most Efficient Bank Holding Companies

Most Efficient Bank Holding CompaniesYear to date through March 31, 2015. Dollars in thousands
Published November 25, 2015
Rank   Efficiency Ratio* Noninterest Expenses 1Q 2015
Assets
2015 2014 2015 2014 Change
1 Briscoe Ranch Inc. Uvalde, Texas 15.80 22.23 $5,108 $7,247 -29.5% $1,560,651
2 Beal Financial Corp. Plano, Texas 27.26 19.70 34,283 34,170 0.3 7,468,365
3 Merchants Bancorp Carmel, Ind. 28.35 27.88 4,421 2,860 54.6 2,109,671
4 Stearns Financial Services Inc. St. Cloud, Minn. 29.46 38.24 10,515 11,468 -8.3 1,975,856
5 BofI Holding Inc. San Diego 33.93 34.44 20,307 14,392 41.1 5,528,520
6 United National Corp. Sioux Falls, S.D. 34.50 37.80 77,746 77,685 0.1 2,362,820
7 Industry Bancshares Inc. Texas 36.71 36.53 10,776 9,427 14.3 3,079,907
8 PacWest Bancorp Los Angeles 37.94 57.79 84,658 53,913 57.0 16,644,622
9 Sterling Bancorp Inc. Southfield, Mich. 38.26 41.12 5,403 4,492 20.3 1,303,584
10 NexBank Capital Inc. Dallas 39.24 64.70 10,133 7,822 29.5 2,094,939
11 Oritani Financial Corp. Township of Washington, N.J. 39.92 38.44 10,906 9,824 11.0 3,306,947
12 First Security Bancorp Searcy, Ark. 39.94 39.86 32,013 30,087 6.4 4,870,643
13 Prosperity Bancshares Inc. Houston 39.99 39.37 78,851 70,516 11.8 21,608,960
14 Discover Financial Services Riverwoods, Ill. 40.27 37.78 871,690 788,472 10.6 84,177,508
15 Home BancShares Inc. Conway, Ark. 41.26 41.95 40,474 39,159 3.4 7,513,974
16 ConnectOne Bancorp Inc. Englewood Cliffs, N.J. 41.36 55.95 12,631 7,496 68.5 3,502,808
17 Bank of the Ozarks Inc. Little Rock, Ark. 42.40 48.74 50,184 37,454 34.0 8,303,407
18 City Holding Co. Charleston, W.Va. 42.75 51.72 22,945 22,944 0.0 3,553,218
19 Parkway Bancorp Inc. Harwood Heights, Ill. 43.15 69.38 9,403 10,119 -7.1 2,220,811
20 Dime Community Bancshares Inc. Brooklyn, N.Y. 43.19 47.31 13,795 15,703 -12.2 4,583,349
21 Wilshire Bancorp Inc. Los Angeles 43.54 56.16 22,738 26,244 -13.4 4,413,272
22 NEB Corp. Fond du Lac, Wis. 44.09 46.69 9,318 7,641 21.9 1,820,520
23 Capitol Federal Financial Inc. Topeka, Kan. 44.12 42.40 23,102 21,876 5.6 10,040,460
24 Manhattan Banking Corp. Kan. 44.19 47.59 7,167 5,584 28.3 1,326,110
25 Santander Holdings USA Inc. Boston 44.22 16.91 1,076,975 730,216 47.5 123,248,006
26 Villages Bancorp. Inc. The Villages, Fla. 44.53 40.17 5,036 4,914 2.5 1,806,169
27 New York Private Bank & Trust Corp. 44.73 80.15 50,094 49,484 1.2 6,255,311
28 Lakeside Bancorp Inc. Chicago 44.85 47.14 5,247 5,745 -8.7 1,247,692
29 New York Community Bancorp Inc. Westbury 44.92 45.39 156,828 146,313 7.2 48,251,715
30 Cathay General Bancorp Los Angeles 45.46 52.87 43,972 48,398 -9.1 11,910,089
31 Eagle Bancorp Inc. Bethesda, Md. 45.76 51.14 28,502 22,547 26.4 5,501,581
32 ServisFirst Bancshares Inc. Birmingham, Ala. 46.34 40.72 18,836 13,537 39.1 4,393,342
33 East West Bancorp Inc. Pasadena, Calif. 46.50 50.42 130,537 122,833 6.3 29,907,424
34 Western Alliance Bancorp. Phoenix 46.67 50.56 54,622 53,570 2.0 11,251,943
35 First Financial Bankshares Inc. Abilene, Texas 46.88 47.46 33,942 32,447 4.6 6,025,372
36 Olney Bancshares of Texas Inc. 47.05 49.34 14,078 12,032 17.0 2,773,895
37 Northern Bancorp Inc. Woburn, Mass. 47.21 49.41 6,469 5,781 11.9 1,294,537
38 Washington Federal Inc. Seattle 47.95 47.05 56,295 51,025 10.3 14,611,019
39 SVB Financial Group Santa Clara, Calif. 47.99 34.02 196,108 172,437 13.7 39,703,565
40 West Bancorp. Inc. West Des Moines, Iowa 48.25 54.90 7,446 7,731 -3.7 1,648,927
41 Ames National Corp. Iowa 49.22 42.29 6,083 5,330 14.1 1,344,731
42 United Bankshares Inc. Charleston, W.Va. 49.31 53.44 56,977 59,679 -4.5 12,141,519
43 Barclays Delaware Holdings LLC Wilmington 49.57 53.94 310,679 252,616 23.0 25,221,666
44 Investors Bancorp Inc. Short Hills, N.J. 49.71 55.14 76,840 78,578 -2.2 19,298,905
45 Lakeland Financial Corp. Warsaw, Ind. 49.76 51.87 16,897 17,040 -0.8 3,478,571
46 John Deere Capital Corp. Reno, Nev. 50.32 50.53 195,593 190,318 2.8 34,189,333
47 H&R Block Inc. Kansas City, Mo. 50.46 49.25 1,065,039 1,033,869 3.0 4,359,564
48 Ida Grove Bancshares Inc. Iowa 50.90 47.82 5,929 5,660 4.8 1,300,524
49 BBCN Bancorp Inc. Los Angeles 50.99 47.18 38,697 36,147 7.1 7,267,905
  Hometown Banc Corp Grand Island, Neb. 50.99 52.38 5,847 5,800 0.8 1,183,093
51 National Americas Holdings LLC New York 51.07 51.37 46,111 48,361 -4.7 9,738,992
52 Amarillo National Bancorp Inc. Texas 51.57 49.98 21,629 20,035 8.0 3,812,355
53 Inwood Bancshares Inc. Dallas 51.71 57.84 9,440 8,644 9.2 1,919,925
54 Pinnacle Financial Partners Inc. Nashville, Tenn. 51.74 55.66 36,421 32,989 10.4 6,314,346
55 Square 1 Financial Inc. Durham, N.C. 51.75 52.76 18,463 15,715 17.5 3,337,035
56 First of Long Island Corp. Glen Head, N.Y. 51.81 52.09 11,145 10,188 9.4 2,790,116
57 Capital One Financial Corp. McLean, Va. 52.03 52.26 3,053,774 2,944,393 3.7 306,501,324
58 Hometown Community Bancorp Inc. Morton, Ill. 52.04 53.26 13,031 12,967 0.5 2,896,497
59 Customers Bancorp Inc. Wyomissing, Pa. 52.21 61.44 27,009 21,017 28.5 7,133,225
60 PrivateBancorp Inc. Chicago 52.54 54.66 81,929 73,647 11.2 16,361,348
61 Stockman Financial Corp. Miles City, Mont. 52.60 53.75 15,008 13,236 13.4 3,033,268
62 International Bancshares Corp. Laredo, Texas 52.73 53.92 67,314 76,867 -12.4 12,374,402
63 Independence Bancshares Inc. Owensboro, Ky. 52.75 53.56 9,115 8,522 7.0 1,590,685
64 North American Bancshares Inc. Sherman, Texas 52.78 53.92 11,712 11,460 2.2 2,199,839
65 Westamerica Bancorp. San Rafael, Calif. 52.89 51.04 27,394 27,887 -1.8 5,036,755
66 Cardinal Financial Corp. McLean, Va. 52.93 73.74 24,143 25,790 -6.4 3,446,770
67 Grandpoint Capital Inc. Los Angeles 53.14 73.61 15,167 18,499 -18.0 2,805,095
68 Heartland Bancorp Inc. Bloomington, Ill. 53.28 58.41 17,686 20,005 -11.6 2,479,918
69 U.S. Bancorp Minneapolis 53.31 52.30 2,659,000 2,563,000 3.7 410,233,000
70 Summit Financial Group Inc. Moorefield, W.Va. 53.73 60.86 7,482 7,495 -0.2 1,460,492
71 Texas Capital Bancshares Inc. Dallas 54.02 58.33 77,041 69,423 11.0 17,325,504
72 First Bancorp Inc. Lebanon, Va. 54.29 54.69 8,226 8,127 1.2 1,391,955
73 Hills Bancorp. Iowa 54.31 55.46 13,154 12,246 7.4 2,407,256
74 American Chartered Bancorp Inc. Schaumburg, Ill. 54.43 63.74 14,845 15,846 -6.3 2,726,946
75 Triumph Bancorp Inc. Dallas 54.97 65.70 20,783 14,817 40.3 1,472,743
76 Glacier Bancorp Inc. Kalispell, Mont. 54.99 53.27 54,835 49,291 11.2 8,475,096
77 Security National Corp. Dakota Dunes, S.D. 55.09 56.84 7,626 7,392 3.2 1,282,899
78 CM Florida Holdings Inc. Coral Gables 55.17 55.27 26,733 25,099 6.5 5,586,659
79 Farmers & Merchants Bancorp Lodi, Calif. 55.53 52.91 14,222 11,674 21.8 2,414,248
80 United Community Bancorp Inc. Chatham, Ill. 55.56 64.12 10,959 11,441 -4.2 1,751,582
81 Southern Missouri Bancorp Inc. Poplar Bluff, Mo. 55.68 63.75 8,184 6,717 21.8 1,302,960
82 First Bank Corp Fort Smith, Ark. 55.77 56.31 11,567 11,719 -1.3 1,603,962
83 Wilson Bank Holding Co. Lebanon, Tenn. 55.80 60.39 12,100 11,451 5.7 1,916,160
84 Bar Harbor Bankshares Maine 55.87 53.61 7,397 6,846 8.0 1,508,203
85 Citigroup Inc. New York 56.02 60.03 11,351,000 12,618,000 -10.0 1,831,801,000
86 German American Bancorp Inc. Jasper, Ind. 56.11 59.33 14,832 15,090 -1.7 2,240,356
87 1867 Western Financial Corp. Stockton, Calif. 56.18 63.80 13,943 14,310 -2.6 2,376,433
88 National Penn Bancshares Inc. Allentown, Pa. 56.29 58.80 54,582 52,337 4.3 9,597,954
89 Stock Yards Bancorp Inc. Louisville, Ky. 56.47 59.28 17,967 18,422 -2.5 2,513,045
90 Educational Services of America Inc. Farragut, Tenn. 56.50 61.16 15,818 14,991 5.5 3,294,232
91 TrustCo Bank Corp NY Glenville 56.76 52.75 23,239 21,941 5.9 4,745,128
92 Cullen/Frost Bankers Inc. San Antonio 56.89 59.23 171,233 157,612 8.6 28,196,667
93 First Bancorp Inc. Damariscotta, Maine 56.93 55.58 7,308 7,288 0.3 1,453,276
94 Watford City Bancshares Inc. N.D. 57.06 55.73 14,380 12,111 18.7 2,056,769
95 USAmeriBancorp Inc. Clearwater, Fla. 57.16 60.49 17,017 15,697 8.4 3,261,746
96 F.N.B. Corp. Pittsburgh 57.18 64.64 94,712 94,166 0.6 16,278,848
97 LegacyTexas Financial Group Inc. Plano 57.19 63.27 38,040 22,150 71.7 6,512,225
98 Midland Bancshares Inc. Texas 57.31 54.02 5,686 5,289 7.5 1,177,489
99 First BanCorp. San Juan, Puerto Rico 57.32 62.47 96,937 94,373 2.7 13,147,919
100 FirstBank Holding Co. Lakewood, Colo. 57.35 55.95 85,691 78,825 8.7 15,092,422
101 Pinnacle Bancorp Inc. Central City, Neb. 57.46 59.88 50,115 46,851 7.0 8,507,010
102 Clifton Bancorp Inc. N.J. 57.49 NA 4,368 NA NA 1,186,994
103 Wells Fargo & Co. San Francisco 57.53 57.51 12,581,000 12,289,000 2.4 1,737,737,000
104 First Citizens Financial Corp. Mason City, Iowa 57.62 63.01 5,983 5,979 0.1 1,209,744
105 Brookline Bancorp Inc. Boston 57.64 61.84 31,228 33,512 -6.8 5,770,507
106 Provident Financial Services Inc. Iselin, N.J. 57.66 58.43 43,399 38,143 13.8 8,525,137
107 Washington Trust Bancorp Inc. Westerly, R.I. 57.86 66.51 23,519 29,345 -19.9 3,603,248
108 Discount Bancorp Inc. New York 58.19 50.57 35,224 35,009 0.6 9,766,633
109 Arrow Financial Corp. Glens Falls, N.Y. 58.37 58.77 13,955 13,466 3.6 2,335,528
110 Community Trust Bancorp Inc. Pikeville, Ky. 58.54 61.88 25,818 26,861 -3.9 3,759,348
111 CNB Financial Corp. Clearfield, Pa. 58.55 59.79 13,086 13,260 -1.3 2,180,261
112 OFG Bancorp San Juan, Puerto Rico 58.62 58.34 62,609 75,573 -17.2 7,364,155
113 First Guaranty Bancshares Inc. Hammond, La. 58.65 62.79 7,844 7,603 3.2 1,551,311
114 Central Community Corp. Temple, Texas 58.70 62.72 8,098 8,098 0.0 1,459,459
115 Silver Queen Financial Services Inc. Greenwood Village, Colo. 59.01 39.70 4,464 3,210 39.1 1,623,858
116 Valley View Bancshares Inc. Overland Park, Kan. 59.12 62.76 16,352 17,421 -6.1 3,243,191
  Magnolia Banking Corp. Ark. 59.12 49.98 8,287 4,745 74.6 1,237,887
118 Crews Banking Corp. Wauchula, Fla. 59.17 60.14 8,708 8,532 2.1 1,280,221
119 BankUnited Inc. Miami Lakes, Fla. 59.22 52.89 118,783 108,981 9.0 19,983,395
120 Peoples Financial Services Corp. Scranton, Pa. 59.31 57.09 11,113 11,223 -1.0 1,714,141
121 People’s Utah Bancorp American Fork, 59.43 62.21 11,217 10,773 4.1 1,409,097
122 Enterprise Financial Services Corp Clayton, Mo. 59.53 59.80 19,963 21,102 -5.4 3,275,355
123 Lakeland Bancorp Inc. Oak Ridge, N.J. 59.54 60.98 20,042 19,743 1.5 3,627,870
  First York Ban Corp. Neb. 59.54 59.20 9,493 8,893 6.7 1,344,844
125 Republic Bancorp Inc. Louisville, Ky. 59.56 63.46 31,166 30,944 0.7 3,952,187
126 MidWestOne Financial Group Inc. Iowa City, Iowa 59.58 57.53 11,322 10,496 7.9 1,777,977
127 Citizens & Northern Corp. Wellsboro, Pa. 59.72 58.04 8,451 8,493 -0.5 1,251,958
128 BB&T Corp. Winston-Salem, N.C. 59.95 59.75 1,420,567 1,392,440 2.0 189,227,838
129 Independent Bank Group Inc. McKinney, Texas 59.97 64.90 24,386 16,083 51.6 4,258,364
130 Territorial Bancorp Inc. Honolulu 60.16 62.13 8,876 8,841 0.4 1,715,398
131 Great Southern Bancorp Inc. Springfield, Mo. 60.19 64.69 27,502 25,849 6.4 4,073,217
132 Financial Institutions Inc. Warsaw, N.Y. 60.20 56.96 18,948 17,152 10.5 3,197,077
133 Webster Financial Corp. Waterbury, Conn. 60.24 60.66 133,806 125,203 6.9 23,115,627
134 First Farmers Financial Corp. Converse, Ind. 60.28 53.70 8,865 7,449 19.0 1,316,567
135 Commerce Bancshares Corp. Worcester, Mass. 60.37 65.07 8,712 8,694 0.2 1,850,489
136 First Fidelity Bancorp Inc. Oklahoma City 60.41 57.42 10,286 10,202 0.8 1,408,746
137 First Bancshares Inc. Merrillville, Ind. 60.62 63.82 20,091 18,663 7.7 2,785,017
138 Paragon Commercial Corp. Raleigh, N.C. 60.71 61.85 5,883 5,208 13.0 1,271,693
139 First Mid-Illinois Bancshares Inc. Mattoon 60.72 62.86 10,828 10,983 -1.4 1,623,650
140 Green Bancorp Inc. Houston 60.74 61.50 13,912 10,722 29.8 2,252,736
141 Sandy Spring Bancorp Inc. Olney, Md. 60.81 63.44 29,244 27,548 6.2 4,401,380
142 Bremer Financial Corp. St. Paul, Minn. 60.87 65.58 70,481 65,439 7.7 9,896,279
143 Bank of Marin Bancorp Novato, Calif. 60.88 61.80 11,857 12,843 -7.7 1,826,236
144 Fishback Financial Corp. Brookings, S.D. 60.92 62.89 15,102 14,197 6.4 2,049,874
145 Bridge Bancorp Inc. Bridgehampton, N.Y. 60.95 84.23 13,282 14,989 -11.4 2,287,202
146 M&T Bank Corp. Buffalo, N.Y. 60.97 63.33 672,458 684,124 -1.7 98,379,397
147 JPMorgan Chase & Co. New York 61.01 61.57 14,916,000 14,591,000 2.2 2,577,148,000
148 United Community Banks Inc. Blairsville, Ga. 61.16 58.47 44,476 39,050 13.9 7,665,442
149 First Defiance Financial Corp. Defiance, Ohio 61.17 66.70 16,374 16,661 -1.7 2,201,321
150 American National Corp. Omaha, Neb. 61.24 61.75 17,965 18,067 -0.6 2,839,336
151 Sterling Bancorp Montebello, N.Y. 61.29 65.26 46,311 46,865 -1.2 7,734,391
152 Park National Corp. Newark, Ohio 61.31 66.85 45,720 47,698 -4.1 7,308,269
153 PNC Financial Services Group Inc. Pittsburgh 61.33 58.11 2,317,840 2,247,270 3.1 351,162,105
154 Bank of Hawaii Corp. Honolulu 61.35 60.30 87,000 83,729 3.9 15,206,800
155 First Financial Bancorp. Cincinnati 61.52 68.04 47,700 47,667 0.1 7,245,796
156 Community Bank System Inc. DeWitt, N.Y. 61.56 61.41 55,678 55,691 0.0 7,576,039
157 Central Bancompany Inc. Jefferson City, Mo. 61.81 61.82 76,099 73,278 3.8 11,621,045
  Southeastern Bank Financial Corp. Augusta, Ga. 61.81 60.52 11,132 10,240 8.7 1,803,964
159 First Community Bancshares Inc. Bluefield, Va. 61.82 62.92 17,604 18,467 -4.7 2,585,844
160 Old Line Bancshares Inc. Bowie, Md. 61.85 72.56 8,625 9,169 -5.9 1,269,058
161 Bank of Highland Park Financial Corp. Ill. 61.89 61.62 4,826 4,551 6.0 1,286,268
162 S&T Bancorp Inc. Indiana, Pa. 61.92 59.18 33,621 28,917 16.3 5,971,293
  Premier Financial Bancorp Inc. Huntington, W.Va. 61.92 58.78 8,637 8,082 6.9 1,274,106
164 FirstMerit Corp. Akron, Ohio 61.96 63.05 160,588 171,276 -6.2 25,125,546
165 American National Bankshares Inc. Danville, Va. 61.97 59.29 10,052 8,448 19.0 1,540,098
166 Nicolet Bankshares Inc. Green Bay, Wis. 62.02 68.26 9,802 9,587 2.2 1,203,382
167 OceanFirst Financial Corp. Toms River, N.J. 62.07 64.93 13,922 14,445 -3.6 2,389,956
168 First National of Nebraska Inc. Omaha 62.09 63.49 198,272 192,443 3.0 17,163,986
  United Financial Bancorp Inc. Glastonbury, Conn. 62.09 90.31 31,304 17,899 74.9 5,525,089
  Middlesex Bancorp MHC Natick, Mass. 62.09 67.39 19,713 21,110 -6.6 4,166,504
171 WashingtonFirst Bankshares Inc. Reston, Va. 62.10 73.26 8,249 7,887 4.6 1,437,513
172 Apple Financial Holdings Inc. New York 62.17 50.42 29,298 29,488 -0.6 11,882,771
173 CBX Corp. Carrollton, Ill. 62.24 59.65 5,918 5,529 7.0 1,181,524
174 First Business Financial Services Inc. Madison, Wis. 62.27 59.29 12,007 7,937 51.3 1,680,677
175 Commerce Bancshares Inc. Kansas City, Mo. 62.30 58.31 165,728 162,980 1.7 24,060,276
176 Columbia Banking System Inc. Tacoma, Wash. 62.31 64.62 68,567 64,251 6.7 8,552,902
177 CU Bancorp Los Angeles 62.33 67.89 14,913 9,549 56.2 2,406,960
178 Heritage Financial Corp. Olympia, Wash. 62.35 76.26 26,732 15,293 74.8 3,459,349
179 Fifth Third Bancorp Cincinnati 62.37 65.13 923,346 949,700 -2.8 140,469,916
  CVB Financial Corp. Ontario, Calif. 62.37 43.99 44,436 31,013 43.3 7,442,951
181 Southside Bancshares Inc. Tyler, Texas 62.42 53.54 29,298 20,127 45.6 4,732,393
182 Yadkin Financial Corp. Raleigh, N.C. 62.47 74.10 30,986 15,785 96.3 4,267,362
183 Longview Financial Corp. Texas 62.52 61.87 12,901 12,386 4.2 2,000,437
184 Peapack-Gladstone Financial Corp. Bedminster, N.J. 62.58 69.54 15,769 14,339 10.0 2,879,457
185 First Merchants Corp. Muncie, Ind. 62.68 67.74 40,870 42,345 -3.5 5,878,357
186 Huntington Bancshares Inc. Columbus, Ohio 62.72 66.25 454,925 456,137 -0.3 68,002,661
187 Dacotah Banks Inc. Aberdeen, S.D. 62.75 67.23 15,200 15,116 0.6 2,165,931
188 RCB Holding Co. Inc. Claremore, Okla. 62.87 63.61 15,795 14,229 11.0 2,538,769
189 South State Corp. Columbia, S.C. 62.88 70.97 69,646 74,302 -6.3 8,028,704
190 Heritage Oaks Bancorp Paso Robles, Calif. 63.05 114.85 11,813 17,038 -30.7 1,776,594
191 Broadway Bancshares Inc. San Antonio 63.07 66.03 21,777 20,569 5.9 3,263,599
192 Goldman Sachs Group Inc. New York 63.08 67.65 6,788,000 6,443,000 5.4 865,512,000
193 First State Bancshares Inc. Farmington, Mo. 63.11 64.75 13,152 13,061 0.7 1,767,694
194 NBT Bancorp Inc. Norwich, N.Y. 63.13 63.45 57,927 57,690 0.4 7,863,861
195 First Interstate BancSystem Inc. Billings, Mont. 63.19 64.90 59,933 54,520 9.9 8,524,514
196 Midland Financial Co. Oklahoma City 63.26 63.16 86,908 81,708 6.4 10,843,278
197 Penns Woods Bancorp Inc. Williamsport, Pa. 63.36 63.39 8,468 8,643 -2.0 1,268,833
198 Standard Bancshares Inc. Hickory Hills, Ill. 63.38 70.42 16,856 16,175 4.2 2,505,319
199 Guaranty Bancorp Denver 63.49 69.44 15,254 14,639 4.2 2,145,452
200 Popular Inc. Hato Rey, Puerto Rico 63.54 60.08 300,000 310,000 -3.2 35,625,000

Note: Only top-tier holding companies that file a Y-9C statement with the Fed as of Aug. 17, 2015, are included. Excludes thrift holding companies. *Noninterest expense divided by (total income minus interest expense). Figures for prior periods are not adjusted for mergers and acquisitions.

Source:

SNL Financial
, Charlottesville, Va.
© 2015 American Banker

Banks, thrifts and holding companies