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
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).
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.
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%).