Mercer County State Bank is headquartered in Sandy Lake and is the 81st largest bank in the state of Pennsylvania. It is also the 1,694th largest bank in the nation. It was established in 1911 and as of June of 2019, it had grown to 100 employees at 12 locations. Mercer County State Bank's money market rates are 3X the national average, and it has an A health rating.
Mercer County State Bank
My business partner and I chose to work with Mercer County State Bank when looking for a lender in our real estate business. Having a good relationship with a local lender is very important in the buy and hold rental real estate business. This bank came highly recommended by other investors in our network. The commercial lending department in this institution is very competitive and they develop strong business relationships with a number of successful real estate investors in my area. One of their skilled commercial loan officers agreed to meet my partner and I for lunch to discuss our goals and products that the bank has to offer. The loan officer brought an underwriter to the lunch meeting. Having a face to face meeting with these staff members helped to avoid any miscommunication and develop a more personalized approach to the partnership. I am pleased with the experience with this lender so far and I hope to have a good relationship with them for many years to come.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 445 |
| Year Established | 1911 |
| Employees | 100 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 8.91% |
| Annual Interest Income | $8.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $419.6MM$405.5MM |
| Loans | Q2 2019vs Q2 2018 | $257.4MM$244.2MM |
| Deposits | Q2 2019vs Q2 2018 | $341.6MM$327.6MM |
| Equity Capital | Q2 2019vs Q2 2018 | $42.8MM$39.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $3.1MM$2.7MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.7MM$1.5MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $183.00K$504.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Mercer County State Bank Savings Account Rates
Mercer County State Bank Money Market Rates
Mercer County State Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $5k* | - | Business Checking With Interest | ||
| OTHER TIERS: 0.05% → Up to $5k | |||||
| 0.10% | - | - | Premium Checking | ||
| 0.05% | - | - | Hometown Advantage | ||
Mercer County State Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $500 | - | 7 Month CD Special |
Mercer County State Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | $50 | $100k | 60 Month IRA | |
| 1.00% | $50 | $100k | 48 Month IRA | |
| 0.85% | $50 | $100k | 36 Month IRA | |
| 0.75% | $50 | $100k | 24 Month IRA | |
| 0.55% | $50 | $100k | 12 Month IRA |
