Safest Banks in Michigan 2026
Michigan has 69 FDIC-insured banks with an average Bank Health Score of 73/100 (B). The safest bank is Comerica B&T NA with a score of 100/100.
Data from FDIC Q2 2024
Top 20 of 69 Banks in Michigan
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Comerica B&T NA | Ann Arbor | A | 100 | 198.62% | 0.00% |
| 2 | JPMorgan Chase Bank Dearborn | Dearborn | A | 100 | 507.89% | 0.00% |
| 3 | Macatawa Bank | Holland | A | 100 | 18.04% | 0.01% |
| 4 | Central Savings Bank | Sault Sainte Mar | A | 97 | 14.64% | 0.14% |
| 5 | Chelsea State Bank | Chelsea | A | 97 | 17.61% | 0.12% |
| 6 | Charlevoix State Bank | Charlevoix | A | 97 | 19.52% | 0.12% |
| 7 | Lake-Osceola State Bank | Baldwin | A | 97 | 15.82% | 0.24% |
| 8 | Highpoint Community Bank | Hastings | A | 96 | 14.74% | 0.10% |
| 9 | Blissfield State Bank | Blissfield | A | 96 | 15.29% | 0.00% |
| 10 | Thumb Bank&Trust | Pigeon | A | 95 | 14.43% | 0.05% |
| 11 | First Nb of St Ignace | St. Ignace | A | 95 | 16.62% | 0.90% |
| 12 | G W Jones Exchange Bank | Marcellus | A | 95 | 36.53% | 0.18% |
| 13 | Sidney State Bank | Sidney | A | 92 | 14.17% | 0.13% |
| 14 | Kalamazoo County State Bank | Schoolcraft | A | 92 | 18.09% | 0.25% |
| 15 | Superior National Bank | Hancock | A | 91 | 16.13% | 0.42% |
| 16 | First Nb of Wakefield | Wakefield | A | 90 | 22.93% | 0.66% |
| 17 | Choiceone Bank | Sparta | A | 89 | 12.50% | 0.14% |
| 18 | Shelby State Bank | Shelby | A | 89 | 13.15% | 0.00% |
| 19 | Citizens Nb of Cheboygan | Cheboygan | A | 89 | 13.21% | 0.16% |
| 20 | Community Unity Bank | Birmingham | A | 89 | 96.45% | 0.00% |
Bank Health Scores for Michigan 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, Comerica B&T NA in Ann Arbor is currently the safest bank in Michigan with a score of 100/100 (Grade A).
Michigan has 69 FDIC-insured banks with a combined $60.9B in total assets. The average Bank Health Score across the state is 73/100.
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%).