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
69 Michigan 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.
Michigan's 69 FDIC-insured banks hold a combined $60.9B in assets. Their average Bank Health Score of 73/100 sits 3.0 points above the national average of 70/100. Across the state, 64% of banks earn an A or B grade for financial health, while 10% fall to a D or F.
The largest bank headquartered in Michigan is First Nb of America with $6.0B in assets and a Bank Health Score of 68/100. The strongest by score is Comerica B&T NA in Ann Arbor (100/100, Tier 1 capital 198.62%). The weakest is University Bank at 34/100, dragged down by an NPL ratio of 0.69%.
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 Michigan
Comerica B&T NA
Ann Arbor, MI
Michigan's top-rated bank, with a Tier 1 capital ratio of 198.62% — well above the federal "well-capitalized" threshold of 8%. Holds $116M in assets.
JPMorgan Chase Bank Dearborn
Dearborn, MI
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $67M in total assets.
Macatawa Bank
Holland, MI
Third in the rankings on the Bank Health Score. Liquidity ratio of 44.97% and ROA of 1.94%.
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). It posts a Tier 1 capital ratio of 198.62% and a nonperforming loan ratio of 0.00%.
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 (Grade B).
Michigan's average Bank Health Score of 73/100 is 3.0 points above the national average of 70/100. 64% of banks in Michigan earn an A or B grade, compared with the national average grade of B.
Of 69 FDIC-insured banks headquartered in Michigan, 30 earn an A, 14 a B, 18 a C, 6 a D, and 1 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%).