Safest Banks in Maryland 2026
Maryland has 28 FDIC-insured banks with an average Bank Health Score of 77/100 (B). The safest bank is Chesapeake Bank&Trust Co with a score of 96/100.
Data from FDIC Q2 2024
28 Maryland 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.
Maryland's 28 FDIC-insured banks hold a combined $59.1B in assets. Their average Bank Health Score of 77/100 sits 3.0 points below the national average of 80/100. Across the state, 86% of banks earn an A or B grade for financial health, while 0% fall to a D or F.
The largest bank headquartered in Maryland is Sandy Spring Bank with $14.0B in assets and a Bank Health Score of 69/100. The strongest by score is Chesapeake Bank&Trust Co in Chestertown (96/100, Tier 1 capital 14.41%). The weakest is Eastern Savings Bank FSB at 53/100, dragged down by an NPL ratio of 5.11%.
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 Maryland
Chesapeake Bank&Trust Co
Chestertown, MD
Maryland's top-rated bank, with a Tier 1 capital ratio of 14.41% — well above the federal "well-capitalized" threshold of 8%. Holds $141M in assets.
Farmers Bank of Willards
Willards, MD
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.17% with $565M in total assets.
Queenstown Bank of Maryland
Queenstown, MD
Third in the rankings on the Bank Health Score. Liquidity ratio of 28.71% and ROA of 1.04%.
Top 20 of 28 Banks in Maryland
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Chesapeake Bank&Trust Co | Chestertown | A | 96 | 14.41% | 0.28% |
| 2 | Farmers Bank of Willards | Willards | A | 96 | 16.74% | 0.17% |
| 3 | Queenstown Bank of Maryland | Queenstown | A | 94 | 17.11% | 0.19% |
| 4 | Calvin B Taylor Bk Berlin Md | Berlin | A | 92 | 13.39% | 0.10% |
| 5 | Bank of Ocean City | Ocean City | A | 91 | 13.92% | 0.00% |
| 6 | Bank of Glen Burnie | Glen Burnie | A | 90 | 15.59% | 0.16% |
| 7 | Rosedale Fs&La | Nottingham | A | 86 | 18.54% | 0.51% |
| 8 | Hebron Savings Bank | Hebron | A | 86 | 14.64% | 0.16% |
| 9 | Homewood FSB | Baltimore | A | 83 | 44.47% | 0.47% |
| 10 | Woodsboro Bank | Woodsboro | A | 83 | 11.15% | 0.22% |
| 11 | Harbor Bank of Maryland | Baltimore | A | 82 | 12.77% | 1.48% |
| 12 | First Shore Fs&La | Salisbury | A | 81 | 25.90% | 0.23% |
| 13 | Jarrettsville Fs&La | Jarrettsville | B | 78 | 12.69% | 0.19% |
| 14 | Bayvanguard Bank | Baltimore | B | 78 | 24.22% | 1.17% |
| 15 | Middletown Valley Bank | Middletown | B | 77 | 11.98% | 0.21% |
| 16 | Eaglebank | Bethesda | B | 76 | 13.95% | 1.23% |
| 17 | Harford Bank | Aberdeen | B | 75 | 12.15% | 1.19% |
| 18 | Capital Bank National Assn | Rockville | B | 74 | 13.25% | 0.75% |
| 19 | First United Bank&Trust | Oakland | B | 74 | 13.16% | 0.70% |
| 20 | Glen Burnie Mutual Sb | Glen Burnie | B | 69 | 17.40% | 0.74% |
Bank Health Scores for Maryland 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, Chesapeake Bank&Trust Co in Chestertown is currently the safest bank in Maryland with a score of 96/100 (Grade A). It posts a Tier 1 capital ratio of 14.41% and a nonperforming loan ratio of 0.28%.
Maryland has 28 FDIC-insured banks with a combined $59.1B in total assets. The average Bank Health Score across the state is 77/100 (Grade B).
Maryland's average Bank Health Score of 77/100 is 3.0 points below the national average of 80/100. 86% of banks in Maryland earn an A or B grade, compared with the national average grade of A.
Of 28 FDIC-insured banks headquartered in Maryland, 12 earn an A, 12 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%).