Safest Banks in Massachusetts 2026
Massachusetts has 97 FDIC-insured banks with an average Bank Health Score of 68/100 (B). The safest bank is Boston Trust Walden Co with a score of 96/100.
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 68/100 sits 2.0 points below the national average of 70/100. Across the state, 64% of banks earn an A or B grade for financial health, while 18% 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 Boston Trust Walden Co in Boston (96/100, Tier 1 capital 59.06%). The weakest is Coastal Heritage Bank at 35/100, dragged down by an NPL ratio of 1.29%.
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
Boston Trust Walden Co
Boston, MA
Massachusetts's top-rated bank, with a Tier 1 capital ratio of 59.06% — well above the federal "well-capitalized" threshold of 8%. Holds $92M in assets.
North Cambridge Coop Bank
Cambridge, MA
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $83M in total assets.
Athol Savings Bank
Athol, MA
Third in the rankings on the Bank Health Score. Liquidity ratio of 30.36% and ROA of 1.06%.
Top 20 of 97 Banks in Massachusetts
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Boston Trust Walden Co | Boston | A | 96 | 59.06% | 0.00% |
| 2 | North Cambridge Coop Bank | Cambridge | A | 96 | 59.82% | 0.00% |
| 3 | Athol Savings Bank | Athol | A | 96 | 16.55% | 0.10% |
| 4 | Middlesex Savings Bank | Natick | A | 93 | 16.62% | 0.09% |
| 5 | Colonial FSB | Quincy | A | 92 | 32.93% | 0.00% |
| 6 | South Shore Bank | South Weymouth | A | 90 | 14.27% | 0.19% |
| 7 | Eastern Bank | Boston | A | 89 | 17.78% | 0.28% |
| 8 | Bank of Canton | Canton | A | 89 | 20.94% | 0.20% |
| 9 | Cape Ann Savings Bank | Gloucester | A | 89 | 27.01% | 0.44% |
| 10 | Canton Coop Bank | Canton | A | 87 | 24.04% | 0.99% |
| 11 | Winter Hill Bank FSB | Somerville | A | 87 | 15.54% | 0.00% |
| 12 | Unibank for Savings | Whitinsville | A | 86 | 13.11% | 0.21% |
| 13 | Haverhill Bank | Haverhill | A | 84 | 13.76% | 0.06% |
| 14 | Dean Coop Bank | Franklin | A | 83 | 13.45% | 0.07% |
| 15 | Salem Five Cents Sb | Salem | A | 82 | 13.66% | 0.21% |
| 16 | Bristol County Savings Bank | Taunton | A | 82 | 17.80% | 0.67% |
| 17 | Leader Bank National Assn | Arlington | A | 82 | 18.01% | 0.03% |
| 18 | Institution Svg Newburyport& | Newburyport | A | 82 | 15.29% | 0.03% |
| 19 | Pittsfield Coop Bank | Pittsfield | A | 81 | 22.96% | 0.55% |
| 20 | North Shore Bank A Coop Bank | Peabody | A | 81 | 16.66% | 0.33% |
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, Boston Trust Walden Co in Boston is currently the safest bank in Massachusetts with a score of 96/100 (Grade A). It posts a Tier 1 capital ratio of 59.06% 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 68/100 (Grade B).
Massachusetts's average Bank Health Score of 68/100 is 2.0 points below the national average of 70/100. 64% of banks in Massachusetts earn an A or B grade, compared with the national average grade of B.
Of 97 FDIC-insured banks headquartered in Massachusetts, 25 earn an A, 37 a B, 18 a C, 17 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%).