Safest Banks in Massachusetts 2026
Massachusetts has 97 FDIC-insured banks with an average Bank Health Score of 75/100 (B). The safest bank is First Financial Trust NA with a score of 100/100.
Data from FDIC Q2 2024
97 Massachusetts 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.
Massachusetts's 97 FDIC-insured banks hold a combined $209.2B in assets. Their average Bank Health Score of 75/100 sits 5.0 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 Massachusetts is Eastern Bank with $21.0B in assets and a Bank Health Score of 89/100. The strongest by score is First Financial Trust NA in Wakefield (100/100, Tier 1 capital 88.41%). The weakest is Bankgloucester at 52/100, dragged down by an NPL ratio of 2.42%.
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 Massachusetts
First Financial Trust NA
Wakefield, MA
Massachusetts's top-rated bank, with a Tier 1 capital ratio of 88.41% — well above the federal "well-capitalized" threshold of 8%. Holds $16M in assets.
Computershare Trust Co NA
Canton, MA
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $1.1B in total assets.
Boston Trust Walden Co
Boston, MA
Third in the rankings on the Bank Health Score. Liquidity ratio of 25.75% and ROA of 44.11%.
Top 20 of 97 Banks in Massachusetts
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | First Financial Trust NA | Wakefield | A | 100 | 88.41% | 0.00% |
| 2 | Computershare Trust Co NA | Canton | A | 100 | 71.29% | 0.00% |
| 3 | Boston Trust Walden Co | Boston | A | 96 | 59.06% | 0.00% |
| 4 | North Cambridge Coop Bank | Cambridge | A | 96 | 59.82% | 0.00% |
| 5 | Athol Savings Bank | Athol | A | 96 | 16.55% | 0.10% |
| 6 | Middlesex Savings Bank | Natick | A | 93 | 16.62% | 0.09% |
| 7 | Colonial FSB | Quincy | A | 92 | 32.93% | 0.00% |
| 8 | Commonwealth Coop Bank | Hyde Park | A | 91 | 16.14% | 0.19% |
| 9 | South Shore Bank | South Weymouth | A | 90 | 14.27% | 0.19% |
| 10 | Eastern Bank | Boston | A | 89 | 17.78% | 0.28% |
| 11 | Bank of Canton | Canton | A | 89 | 20.94% | 0.20% |
| 12 | Cape Ann Savings Bank | Gloucester | A | 89 | 27.01% | 0.44% |
| 13 | Canton Coop Bank | Canton | A | 87 | 24.04% | 0.99% |
| 14 | Winter Hill Bank FSB | Somerville | A | 87 | 15.54% | 0.00% |
| 15 | Greenfield Coop Bank | Greenfield | A | 86 | 12.93% | 0.63% |
| 16 | Unibank for Savings | Whitinsville | A | 86 | 13.11% | 0.21% |
| 17 | Haverhill Bank | Haverhill | A | 84 | 13.76% | 0.06% |
| 18 | Bank of Easton | North Easton | A | 84 | 11.39% | 0.07% |
| 19 | Dean Coop Bank | Franklin | A | 83 | 13.45% | 0.07% |
| 20 | Salem Five Cents Sb | Salem | A | 82 | 13.66% | 0.21% |
Bank Health Scores for Massachusetts 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, First Financial Trust NA in Wakefield is currently the safest bank in Massachusetts with a score of 100/100 (Grade A). It posts a Tier 1 capital ratio of 88.41% and a nonperforming loan ratio of 0.00%.
Massachusetts has 97 FDIC-insured banks with a combined $209.2B in total assets. The average Bank Health Score across the state is 75/100 (Grade B).
Massachusetts's average Bank Health Score of 75/100 is 5.0 points below the national average of 80/100. 86% of banks in Massachusetts earn an A or B grade, compared with the national average grade of A.
Of 97 FDIC-insured banks headquartered in Massachusetts, 32 earn an A, 51 a B, 14 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%).