Safest Banks in New Jersey 2026
New Jersey has 48 FDIC-insured banks with an average Bank Health Score of 72/100 (B). The safest bank is Bessemer Trust Co with a score of 100/100.
Data from FDIC Q2 2024
48 New Jersey 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.
New Jersey's 48 FDIC-insured banks hold a combined $186.0B in assets. Their average Bank Health Score of 72/100 sits 2.0 points above the national average of 70/100. Across the state, 75% of banks earn an A or B grade for financial health, while 17% fall to a D or F.
The largest bank headquartered in New Jersey is Valley National Bank with $62.1B in assets and a Bank Health Score of 62/100. The strongest by score is Bessemer Trust Co in Woodbridge (100/100, Tier 1 capital 33.56%). The weakest is Crown Bank at 16/100, dragged down by an NPL ratio of 8.76%.
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 New Jersey
Bessemer Trust Co
Woodbridge, NJ
New Jersey's top-rated bank, with a Tier 1 capital ratio of 33.56% — well above the federal "well-capitalized" threshold of 8%. Holds $502M in assets.
Sumitomo Mitsui Tr Bk U Sa
Hoboken, NJ
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $3.5B in total assets.
Newfield National Bank
Newfield, NJ
Third in the rankings on the Bank Health Score. Liquidity ratio of 43.19% and ROA of 0.99%.
Top 20 of 48 Banks in New Jersey
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Bessemer Trust Co | Woodbridge | A | 100 | 33.56% | 0.00% |
| 2 | Sumitomo Mitsui Tr Bk U Sa | Hoboken | A | 100 | 35.47% | 0.00% |
| 3 | Newfield National Bank | Newfield | A | 95 | 17.87% | 0.13% |
| 4 | Franklin Bank | Pilesgrove | A | 95 | 17.44% | 0.12% |
| 5 | Hana Bank USA National Assn | Fort Lee | A | 94 | 31.79% | 0.03% |
| 6 | Pennsville National Bank | Pennsville | A | 93 | 19.44% | 0.60% |
| 7 | Millville Savings Bank | Millville | A | 93 | 29.84% | 0.34% |
| 8 | Freehold Bank | Freehold | A | 93 | 23.14% | 0.08% |
| 9 | Sturdy Savings Bank | Stone Harbor | A | 92 | 14.80% | 0.11% |
| 10 | Lusitania Savings Bank | Newark | A | 92 | 31.96% | 0.23% |
| 11 | Amboy Bank | Old Bridge | A | 91 | 15.94% | 0.40% |
| 12 | Union County Savings Bank | Elizabeth | A | 88 | 28.93% | 0.29% |
| 13 | Haddon Savings Bank | Haddon Heights | A | 86 | 16.45% | 0.70% |
| 14 | First Hope Bk A Natl Bk Assn | Hope | A | 86 | 13.09% | 0.11% |
| 15 | 1st Colonial Community Bank | Collingswood | A | 84 | 15.26% | 0.30% |
| 16 | Nve Bank | Englewood | A | 82 | 34.99% | 2.13% |
| 17 | First National Bank of Elmer | Elmer | A | 80 | 13.25% | 0.01% |
| 18 | Monroe Savings Bank | Williamstown | B | 79 | 21.69% | 0.25% |
| 19 | Blue Foundry Bank | Rutherford | B | 77 | 20.24% | 0.40% |
| 20 | Magyar Bank | New Brunswick | B | 77 | 14.73% | 0.60% |
Bank Health Scores for New Jersey 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, Bessemer Trust Co in Woodbridge is currently the safest bank in New Jersey with a score of 100/100 (Grade A). It posts a Tier 1 capital ratio of 33.56% and a nonperforming loan ratio of 0.00%.
New Jersey has 48 FDIC-insured banks with a combined $186.0B in total assets. The average Bank Health Score across the state is 72/100 (Grade B).
New Jersey's average Bank Health Score of 72/100 is 2.0 points above the national average of 70/100. 75% of banks in New Jersey earn an A or B grade, compared with the national average grade of B.
Of 48 FDIC-insured banks headquartered in New Jersey, 17 earn an A, 19 a B, 4 a C, 5 a D, and 3 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%).