Mercer County State Bank

Overview / Commentary
3279 S. Main St.
Sandy Lake, PA 16145-0038

Mercer County State Bank is headquartered in SANDY LAKE and is the 73rd largest bank in the state of Pennsylvania. It is also the 1,637th largest bank in the nation. It was established in 1911 and as of June of 2023, it had grown to 104 employees at 11 locations. Mercer County State Bank's money market rates are 5X the national average, and it has a B health rating.

Reviews (1)

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.


Health Grade Components

FDIC Certificate #445
Year Established1911
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD15.65%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$549.2MM$552.1MM
LoansQ2 2023vs Q2 2022$349.3MM$332.1MM
DepositsQ2 2023vs Q2 2022$489.2MM$480.2MM
Equity CapitalQ2 2023vs Q2 2022$32.9MM$32.3MM
Loan Loss AllowanceQ2 2023vs Q2 2022$3.9MM$3.8MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$3.6MM$2.6MM
Real Estate OwnedQ2 2023vs Q2 2022$54.00K$94.00K
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Always verify rates and promotions with the bank or credit union. We are not Mercer County State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.25%--Christmas Club Direct
0.05%*$500*-Personal Statement Savings
OTHER TIERS: 0.03% $25 - $500
0.05%*$500*-Business Statement Savings
OTHER TIERS: 0.03% $25 - $500

Mercer County State Bank Money Market Rates

2.02%*$500k*-Personal Money Market Account
OTHER TIERS: 0.05% $500 - $50k | 0.25% $50k - $100k | 1.51% $100k - $500k
2.02%*$500k*-Business Money Market Account
OTHER TIERS: 0.05% $500 - $50k | 0.25% $50k - $100k | 1.51% $100k - $500k

Mercer County State Bank Checking Account Rates

0.10%*$2.5k*-Premium Checking
OTHER TIERS: 0.05% Up to $2.5k
0.03%--Business Checking With Interest
0.03%--Hometown 50+ Checking

Mercer County State Bank IRA Rates

2.96%$50$100k36 Month IRA
2.96%$50$100k48 Month IRA
2.96%$50$100k60 Month IRA
1.49%$50$100k12 Month IRA
1.49%$50$100k24 Month IRA


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