Updated April 2026 · FDIC Call Report Q2 2024
Banks in Michigan
69 FDIC-insured banks are chartered in Michigan, holding $60.9B in combined assets. The state-wide average Bank Health Score is 73/100 (B), built from quarterly FDIC Call Report data on capital, loan quality, liquidity, and profitability.
Across Michigan, 69 FDIC-insured banks hold $60.9B in total assets. Average BankHealth composite score: 73/100 (average grade B). Moderate state-level scores typically reflect a healthy mix with some banks under pressure.
Top bank by assets: Comerica B&T NA. 10 banks in Michigan flagged as at-risk; the state-level rollup reflects average performance across the cohort. Each bank below links to its full BankHealth profile — Tier 1 capital ratio, non-performing loan ratio, liquidity ratio, ROA, multi-quarter trend, and the composite grade breakdown. Cross-bank comparisons within the same state are most useful when controlling for size class.
Michigan's Banking Sector
Michigan has a moderately sized banking footprint of 69 FDIC-insured banks and $60.9B in combined assets. At this scale, the cohort generally combines a handful of larger regional banks with a longer tail of community banks concentrated in one or two metro areas.
Banks in Michigan post an average Bank Health Score of 73/100 (B) — solidly in B territory, broadly aligned with U.S. industry norms. Most banks in the state meet the regulatory "well-capitalized" threshold with material room to spare, though there is meaningful variation across individual institutions.
10 of 69 banks in Michigan (about 14%) currently land in the at-risk tier on the current Call Report. That count is roughly in line with national norms, and reflects the natural tail of any large cohort rather than a state-specific concentration.
Healthiest Banks in Michigan
Comerica B&T NA
JPMorgan Chase Bank Dearborn
Macatawa Bank
Central Savings Bank
Chelsea State Bank
Charlevoix State Bank
Lake-Osceola State Bank
Highpoint Community Bank
Blissfield State Bank
Thumb Bank&Trust
Banks Showing Weakness in Michigan
University Bank
West Michigan Community Bank
Baybank
United Bank of Michigan
Upper Peninsula State Bank
First Independence Bank
Miners State Bank
Gogebic Range Bank
Freeland State Bank
Sterling Bank&Trust FSB
For Michigan Depositors
FDIC insurance protects deposits at every bank on this page up to $250,000 per depositor, per insured bank, per ownership category — identical coverage regardless of state. The Bank Health Score ranks regulatory cushion across institutions; it is not a guarantee. Confirm your bank's FDIC status and your specific coverage at FDIC.gov before making changes.
Federal regulators — including the OCC for national charters and the FDIC for state-chartered insured banks — oversee the institutions on this page. Quarterly FFIEC Call Reports are public and provide line-item detail behind every metric here.
How These Scores Are Calculated
Every bank on this page earns a Bank Health Score from four FDIC Call Report inputs: Tier 1 capital ratio (35%), NPL ratio inverted (30%), liquidity ratio (25%), and return on assets (10%). The composite is reported as a 0–100 score and an A–F grade. Read the full methodology.
Frequently Asked Questions
How many banks are in Michigan?
69 FDIC-insured banks are chartered in Michigan, holding $60.9B in combined assets. Michigan has a moderately sized banking footprint of 69 FDIC-insured banks and $60.9B in combined assets. At this scale, the cohort generally combines a handful of larger regional banks with a longer tail of community banks concentrated in one or two metro areas.
What is the average bank health score in Michigan?
Banks in Michigan post an average Bank Health Score of 73/100 (B) — solidly in B territory, broadly aligned with U.S. industry norms. Most banks in the state meet the regulatory "well-capitalized" threshold with material room to spare, though there is meaningful variation across individual institutions.
Which banks in Michigan are showing the most stress?
10 of 69 banks in Michigan (about 14%) currently land in the at-risk tier on the current Call Report. That count is roughly in line with national norms, and reflects the natural tail of any large cohort rather than a state-specific concentration. See the "Banks Showing Weakness" section above for the specific institutions and their Health Score factors.
Are banks in Michigan FDIC-insured?
Yes. Every bank on this page is FDIC-insured, which protects deposits up to $250,000 per depositor, per insured bank, per ownership category. FDIC insurance is identical regardless of state. Verify your bank's status and your specific coverage at FDIC.gov, particularly if you hold combined balances above the $250,000 limit.
Where does this data come from?
All bank financials are pulled from the FDIC BankFind API, which sources directly from quarterly Call Reports filed with the FFIEC. Health Scores are computed from a transparent four-factor formula using public Call Report fields. All data is U.S. government public domain.
Sources: FDIC BankFind API ( banks.data.fdic.gov); FFIEC Call Reports ( cdr.ffiec.gov/public); OCC ( occ.gov). Public domain.
Last updated 2026-04-06 · Data covers 69 Michigan banks. Informational only; not investment advice.