Safest Banks in New York 2026
New York has 130 FDIC-insured banks with an average Bank Health Score of 80/100 (A). The safest bank is Mizuho Bank USA with a score of 100/100.
Data from FDIC Q2 2024
130 New York 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 York's 130 FDIC-insured banks hold a combined $1.9T in assets. Their average Bank Health Score of 80/100 sits 0.0 points in line with the national average of 80/100. Across the state, 87% of banks earn an A or B grade for financial health, while 2% fall to a D or F.
The largest bank headquartered in New York is Goldman Sachs Bank USA with $545.2B in assets and a Bank Health Score of 88/100. The strongest by score is Mizuho Bank USA in New York (100/100, Tier 1 capital 23.00%). The weakest is Bank of East Asia Ltd at 3/100, dragged down by an NPL ratio of 15.32%.
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 York
Mizuho Bank USA
New York, NY
New York's top-rated bank, with a Tier 1 capital ratio of 23.00% — well above the federal "well-capitalized" threshold of 8%. Holds $6.0B in assets.
Bessemer Trust Co NA
New York, NY
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $2.7B in total assets.
State Street B&T Co NA
New York, NY
Third in the rankings on the Bank Health Score. Liquidity ratio of 71.39% and ROA of 21.01%.
Top 20 of 130 Banks in New York
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Mizuho Bank USA | New York | A | 100 | 23.00% | 0.00% |
| 2 | Bessemer Trust Co NA | New York | A | 100 | 21.81% | 0.00% |
| 3 | State Street B&T Co NA | New York | A | 100 | 101.99% | 0.00% |
| 4 | Brown Brothers Harriman Tr N | New York | A | 100 | 59.94% | 0.00% |
| 5 | Rockefeller Trust Co NA | New York | A | 100 | 89.63% | 0.00% |
| 6 | Deutsche Bank Trust Co NA | New York | A | 100 | 93.38% | 0.00% |
| 7 | Alpine Capital Bank | New York | A | 100 | 57.19% | 0.00% |
| 8 | Emigrant Mercantile Bank | New York | A | 100 | 425.61% | 0.00% |
| 9 | Evercore Trust Co NA | New York | A | 100 | 99.09% | 0.00% |
| 10 | Gs&L Municipal Bank | Gouverneur | A | 100 | 152.56% | 0.00% |
| 11 | Depository Trust Co | New York | A | 100 | 16.55% | 0.00% |
| 12 | Pioneer Commercial Bank | Albany | A | 99 | 56.09% | 0.00% |
| 13 | Safra Nb of New York | New York | A | 98 | 27.23% | 0.01% |
| 14 | Generations Commercial Bank | Seneca Falls | A | 98 | 226.87% | 0.00% |
| 15 | Bank of Utica | Utica | A | 97 | 24.91% | 0.52% |
| 16 | Bank of Millbrook | Millbrook | A | 97 | 23.08% | 0.42% |
| 17 | Fulton Savings Bank | Fulton | A | 96 | 53.03% | 0.65% |
| 18 | Watertown Savings Bank | Watertown | A | 96 | 15.77% | 0.68% |
| 19 | Bank of Greene County | Catskill | A | 95 | 15.86% | 0.25% |
| 20 | Morgan Stanley Private Bk NA | Purchase | A | 95 | 26.91% | 0.29% |
Bank Health Scores for New York 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, Mizuho Bank USA in New York is currently the safest bank in New York with a score of 100/100 (Grade A). It posts a Tier 1 capital ratio of 23.00% and a nonperforming loan ratio of 0.00%.
New York has 130 FDIC-insured banks with a combined $1.9T in total assets. The average Bank Health Score across the state is 80/100 (Grade A).
New York's average Bank Health Score of 80/100 is 0.0 points in line with the national average of 80/100. 87% of banks in New York earn an A or B grade, compared with the national average grade of A.
Of 130 FDIC-insured banks headquartered in New York, 64 earn an A, 49 a B, 14 a C, 2 a D, and 1 an F. The most common grade is A.
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%).