Safest Banks in Maryland 2026
Maryland has 28 FDIC-insured banks with an average Bank Health Score of 69/100 (B). The safest bank is Chesapeake Bank&Trust Co with a score of 96/100.
Data from FDIC Q2 2024
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 | Bank of Ocean City | Ocean City | A | 91 | 13.92% | 0.00% |
| 5 | Bank of Glen Burnie | Glen Burnie | A | 90 | 15.59% | 0.16% |
| 6 | Hebron Savings Bank | Hebron | A | 86 | 14.64% | 0.16% |
| 7 | Homewood FSB | Baltimore | A | 83 | 44.47% | 0.47% |
| 8 | Woodsboro Bank | Woodsboro | A | 83 | 11.15% | 0.22% |
| 9 | First Shore Fs&La | Salisbury | A | 81 | 25.90% | 0.23% |
| 10 | Bayvanguard Bank | Baltimore | B | 78 | 24.22% | 1.17% |
| 11 | Middletown Valley Bank | Middletown | B | 77 | 11.98% | 0.21% |
| 12 | Eaglebank | Bethesda | B | 76 | 13.95% | 1.23% |
| 13 | Harford Bank | Aberdeen | B | 75 | 12.15% | 1.19% |
| 14 | Capital Bank National Assn | Rockville | B | 74 | 13.25% | 0.75% |
| 15 | First United Bank&Trust | Oakland | B | 74 | 13.16% | 0.70% |
| 16 | Glen Burnie Mutual Sb | Glen Burnie | B | 69 | 17.40% | 0.74% |
| 17 | Sandy Spring Bank | Olney | B | 69 | 13.38% | 0.81% |
| 18 | Shore United Bank NA | Easton | B | 65 | 10.45% | 0.32% |
| 19 | Cecil Bank | Elkton | C | 62 | 11.55% | 0.87% |
| 20 | Cfg Bank | Lutherville | C | 62 | 11.55% | 4.31% |
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).
Maryland has 28 FDIC-insured banks with a combined $59.1B in total assets. The average Bank Health Score across the state is 69/100.
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.
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%).