Safest Banks in Maine 2026
Maine has 20 FDIC-insured banks with an average Bank Health Score of 73/100 (B). The safest bank is Bath Savings Institution with a score of 96/100.
Data from FDIC Q2 2024
20 Maine 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.
Maine's 20 FDIC-insured banks hold a combined $36.0B in assets. Their average Bank Health Score of 73/100 sits 7.0 points below the national average of 80/100. Across the state, 80% of banks earn an A or B grade for financial health, while 0% fall to a D or F.
The largest bank headquartered in Maine is Bangor Savings Bank with $7.2B in assets and a Bank Health Score of 74/100. The strongest by score is Bath Savings Institution in Bath (96/100, Tier 1 capital 15.18%). The weakest is Bar Harbor Savings&Loan Assn at 50/100, dragged down by an NPL ratio of 2.07%.
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 Maine
Bath Savings Institution
Bath, ME
Maine's top-rated bank, with a Tier 1 capital ratio of 15.18% — well above the federal "well-capitalized" threshold of 8%. Holds $1.4B in assets.
Skowhegan Savings Bank
Skowhegan, ME
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.27% with $881M in total assets.
Aroostook County Fs&La
Caribou, ME
Third in the rankings on the Bank Health Score. Liquidity ratio of 28.39% and ROA of 0.36%.
Top 20 Banks in Maine
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Bath Savings Institution | Bath | A | 96 | 15.18% | 0.03% |
| 2 | Skowhegan Savings Bank | Skowhegan | A | 93 | 20.20% | 0.27% |
| 3 | Aroostook County Fs&La | Caribou | A | 91 | 17.55% | 0.12% |
| 4 | Katahdin Trust Co | Patten | A | 81 | 14.86% | 0.19% |
| 5 | Norway Savings Bank | Norway | A | 81 | 13.30% | 0.79% |
| 6 | Camden National Bank | Camden | A | 81 | 12.89% | 0.19% |
| 7 | Kennebec Savings Bank | Augusta | B | 78 | 17.34% | 0.28% |
| 8 | Bar Harbor Bank&Trust | Bar Harbor | B | 77 | 13.12% | 0.21% |
| 9 | Bangor Savings Bank | Bangor | B | 74 | 10.73% | 0.08% |
| 10 | Machias Savings Bank | Machias | B | 70 | 12.74% | 0.38% |
| 11 | Partners Bank of New England | Sanford | B | 69 | 13.08% | 0.27% |
| 12 | Auburn Savings Bank FSB | Auburn | B | 69 | 11.91% | 0.31% |
| 13 | Kennebunk Savings Bank | Kennebunk | B | 68 | 10.75% | 0.05% |
| 14 | Maine Community Bank | Biddeford | B | 68 | 13.42% | 0.74% |
| 15 | First Fs&la of Bath | Bath | B | 67 | 25.60% | 1.97% |
| 16 | Androscoggin Savings Bank | Lewiston | B | 66 | 11.75% | 0.36% |
| 17 | Rockland Savings Bank FSB | Rockland | C | 63 | 12.76% | 0.17% |
| 18 | Saco&Biddeford Svg Inst | Saco | C | 62 | 10.01% | 0.36% |
| 19 | Gorham Savings Bank | Gorham | C | 62 | 9.33% | 0.62% |
| 20 | Bar Harbor Savings&Loan Assn | Bar Harbor | C | 50 | 12.12% | 2.07% |
Bank Health Scores for Maine 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, Bath Savings Institution in Bath is currently the safest bank in Maine with a score of 96/100 (Grade A). It posts a Tier 1 capital ratio of 15.18% and a nonperforming loan ratio of 0.03%.
Maine has 20 FDIC-insured banks with a combined $36.0B in total assets. The average Bank Health Score across the state is 73/100 (Grade B).
Maine's average Bank Health Score of 73/100 is 7.0 points below the national average of 80/100. 80% of banks in Maine earn an A or B grade, compared with the national average grade of A.
Of 20 FDIC-insured banks headquartered in Maine, 6 earn an A, 10 a B, 4 a C, 0 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%).