Safest Banks in Connecticut 2026
Connecticut has 28 FDIC-insured banks with an average Bank Health Score of 73/100 (B). The safest bank is Massmutual Trust Co with a score of 100/100.
Data from FDIC Q2 2024
28 Connecticut banks are ranked below by the BankHealth composite score. The composite weights Tier 1 capital ratio (35%), inverted non-performing loan ratio (30%), liquidity ratio (25%), and return on assets (10%) into a 0-100 grade.
Top-of-list banks combine strong capital with clean loan books and reasonable profitability. Bottom-of-list banks face pressure on one or more scoring factors — most often elevated NPL ratios or thin profitability margins. Each bank links to its full profile with multi-quarter trend charts, the four composite factor breakdowns, and the underlying FDIC Call Report data.
Connecticut's 28 FDIC-insured banks hold a combined $108.6B in assets. Their average Bank Health Score of 73/100 sits 7.0 points below the national average of 80/100. Across the state, 75% of banks earn an A or B grade for financial health, while 7% fall to a D or F.
The largest bank headquartered in Connecticut is Webster Bank National Assn with $76.8B in assets and a Bank Health Score of 78/100. The strongest by score is Massmutual Trust Co in Windsor (100/100, Tier 1 capital 51.17%). The weakest is Patriot Bank National Assn at 35/100, dragged down by an NPL ratio of 4.88%.
All scores below come from the latest FDIC BankFind Call Report (Q2 2024). The Bank Health Score weights Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%) — the four metrics regulators watch most closely when judging whether a bank is well-capitalized. Every bank with FDIC insurance covers up to $250,000 per depositor per ownership category, but the score helps you tell apart banks that are comfortably well-capitalized from those operating closer to the line.
Top 3 Safest Banks in Connecticut
Massmutual Trust Co
Windsor, CT
Connecticut's top-rated bank, with a Tier 1 capital ratio of 51.17% — well above the federal "well-capitalized" threshold of 8%. Holds $91M in assets.
Stafford Savings Bank
Stafford Springs, CT
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.45% with $415M in total assets.
Chelsea Groton Bank
Groton, CT
Third in the rankings on the Bank Health Score. Liquidity ratio of 23.18% and ROA of 1.69%.
Top 20 of 28 Banks in Connecticut
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Massmutual Trust Co | Windsor | A | 100 | 51.17% | 0.00% |
| 2 | Stafford Savings Bank | Stafford Springs | A | 97 | 32.48% | 0.45% |
| 3 | Chelsea Groton Bank | Groton | A | 91 | 19.90% | 0.19% |
| 4 | Dime Bank | Norwich | A | 88 | 15.83% | 0.18% |
| 5 | Connecticut Cmty Bank NA | Norwalk | A | 84 | 12.37% | 0.87% |
| 6 | Essex Savings Bank | Essex | A | 83 | 11.31% | 0.06% |
| 7 | First County Bank | Stamford | A | 82 | 13.56% | 0.10% |
| 8 | Milford Bank | Milford | A | 80 | 14.48% | 0.21% |
| 9 | Torrington Savings Bank | Torrington | B | 79 | 19.66% | 0.20% |
| 10 | Fairfield County Bank | Ridgefield | B | 78 | 12.21% | 0.12% |
| 11 | Webster Bank National Assn | Stamford | B | 78 | 11.79% | 0.71% |
| 12 | National Iron Bank | Salisbury | B | 78 | 16.76% | 0.00% |
| 13 | Newtown Savings Bank | Newtown | B | 77 | 14.05% | 0.25% |
| 14 | Union Savings Bank | Danbury | B | 76 | 11.24% | 0.72% |
| 15 | Ion Bank | Naugatuck | B | 75 | 12.06% | 0.31% |
| 16 | Jewett City Savings Bank | Jewett City | B | 75 | 18.45% | 0.80% |
| 17 | Guilford Savings Bank | Guilford | B | 71 | 11.22% | 0.18% |
| 18 | Northwest Community Bank | Winsted | B | 71 | 12.84% | 0.36% |
| 19 | Thomaston Savings Bank | Thomaston | B | 70 | 9.57% | 0.64% |
| 20 | Fieldpoint Private B&T | Greenwich | B | 69 | 9.37% | 0.27% |
Bank Health Scores for Connecticut are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Massmutual Trust Co in Windsor is currently the safest bank in Connecticut with a score of 100/100 (Grade A). It posts a Tier 1 capital ratio of 51.17% and a nonperforming loan ratio of 0.00%.
Connecticut has 28 FDIC-insured banks with a combined $108.6B in total assets. The average Bank Health Score across the state is 73/100 (Grade B).
Connecticut's average Bank Health Score of 73/100 is 7.0 points below the national average of 80/100. 75% of banks in Connecticut earn an A or B grade, compared with the national average grade of A.
Of 28 FDIC-insured banks headquartered in Connecticut, 8 earn an A, 13 a B, 5 a C, 2 a D, and 0 an F. The most common grade is B.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health. Every score uses the latest FDIC Call Report data.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).