The main purpose of this study was to investigate whether the financial performance in the islamic bank has reached a healthy condition or not. The author restrict the discussion in assesing financial performance using CAMEL methode. The categories are sound, fairly sound, less sound and unsound. The research was conducted at PT. Bank Syariah Mandiri based on data balance sheet and income statement 2013 until 2015. CAMEL analysis consist of five aspect are aspect of capital using CAR (Capital Adequacy Ratio), aspect of quality asset using Quality of Earning Assets (KAP) ratio and Allowance of Earning Assets (PPAP) ratio, aspect of management using NPM (Net Profit Margin) ratio, aspect of profitability using ROA (Return On Assets) ratio and Operating Expenses on Operating Income (BOPO) ratio and aspect of liquidity using NCM-CA (Net Call Money to Current Asset) ratio and LDR (Loan to Deposit Ratio). Based on the result of research conducted at PT. Bank Syariah Mandiri indicated that CAMEL value in 2013 was 95,20% with SOUND predicate, in 2014 was 75,26% with FAIRLY SOUND predicate and in 2015 was 92,55% with SOUND predicate