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  2. Somerset Trust Company

Somerset Trust Company


Overview / Commentary
www.somersettrust.com
814-443-9200
151 West Main Street
Somerset, PA 15501

Somerset Trust Company is headquartered in SOMERSET and is the 24th largest bank in the state of Pennsylvania. It is also the 517th largest bank in the nation. It was established in 1889 and as of June of 2024, it had grown to 462 employees at 47 locations. Somerset Trust Company has a B+ health rating.

Reviews (1)

Degradation At It's Finest..

Posted by: |

Was able to open a business account. Then was not able to ever log in again and was told I did not have one. Also have been denied for anything I've ever applied for.

1


Health
B+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11112
Year Established1889
Employees462
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD15.57%
Annual Interest Income$59.5MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$2.3B$2.07B
LoansQ2 2024vs Q2 2023$1.47B$1.3B
DepositsQ2 2024vs Q2 2023$1.87B$1.76B
Equity CapitalQ2 2024vs Q2 2023$142.5MM$119.9MM
Loan Loss AllowanceQ2 2024vs Q2 2023$18.2MM$16.3MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$15.2MM$6.4MM
Real Estate OwnedQ2 2024vs Q2 2023$100K$90K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Somerset Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$0-Christmas Club
0.31%*$1m*-Advantage Interest Savings Account
OTHER TIERS: 0.11% → $250 - $25k | 0.16% → $25k - $50k | 0.21% → $50k - $150k | 0.26% → $150k - $1m
0.11%$0-Statement Savings
0.10%*$100k*-Savings IRA
OTHER TIERS: 0.05% → $0 - $100k
0.03%$0-Overdraft Protection Savings

Somerset Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.21%*$200k*-Personal Plus Interest Checking Account
OTHER TIERS: 0.11% → $1.5k - $100k | 0.16% → $100k - $200k
0.11%$1k-Horizon 50 Checking Account
0.11%$0-Municipal Checking
0.06%$0-Interest Checking Account

Somerset Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.19%$5k-7 Month CD Special w/Relationship
3.69%$5k-15 Month CD Special w/Relationship
3.19%$5k-22 Month CD Special w/Relationship
0.60%$500-60 Month CD
0.55%$500-48 Month CD
0.45%$500-36 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Month CD
0.20%$500-12 Month CD
0.15%$1k-9 Month CD
0.10%$1k-3 Month CD
0.10%$1k-6 Month CD

Somerset Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.31%$500-15 Month IRA
0.55%$0-60 Month IRA
0.45%$0-42 Month IRA
0.40%$0-30 Month IRA
0.10%$0-18 Month Fixed Rate IRA
0.10%$0-18 Month Variable IRA
Locations

Availability



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