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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 29th largest bank in the state of Pennsylvania. It is also the 613th largest bank in the nation. It was established in 1889 and as of December of 2020, it had grown to 433 employees at 41 locations. Somerset Trust Company has a B+ health rating.

Reviews (1)

I love my bank.

Posted by: |

I have been banking with Somerset Trust for a couple of months now. They have been so kind to me and my family every time we walk in there. It is also convenient because it is in our neighborhood. There is also a branch in our local WalMart which makes it even more convenient. The staff at the bank are so nice and knowledgable. The online banking has been simple and effective also. It is not a fancy site but gets the job done, which I appreciate. It is a great institution.

1


Health
B+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11112
Year Established1889
Employees433
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD9.22%
Annual Interest Income$66.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.61B$1.34B
LoansQ4 2020vs Q4 2019$1.10B$932.4MM
DepositsQ4 2020vs Q4 2019$1.33B$1.03B
Equity CapitalQ4 2020vs Q4 2019$131.7MM$118.3MM
Loan Loss AllowanceQ4 2020vs Q4 2019$16.8MM$11.8MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$10.1MM$7.3MM
Real Estate OwnedQ4 2020vs Q4 2019$985.00K$1.1MM
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
0.41%*$1m*-Advantage Interest Savings Account
OTHER TIERS: 0.11% → $250 - $10k | 0.16% → $10k - $25k | 0.21% → $25k - $50k | 0.26% → $50k - $150k | 0.36% → $150k - $1m
0.15%--Christmas Club
0.11%--Statement Savings
0.10%*$100k*-Savings IRA
OTHER TIERS: 0.05% → Up to $100k
0.03%--Overdraft Protection Savings

Somerset Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.31%*$200k*-Personal Plus Interest Checking Account
OTHER TIERS: 0.11% → $1.5k - $25k | 0.16% → $25k - $100k | 0.21% → $100k - $200k
0.11%$1k-Horizon 50 Checking Account
0.11%--Municipal Checking
0.06%--Interest Checking Account

Somerset Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$500-60 Month CD
0.55%$500-48 Month CD
0.50%$5k$250k39 Month CD Special w/Relationship
0.45%$500-36 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$5k$225k13 Month CD Special w/Relationship
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
0.55%--60 Month IRA
0.45%--42 Month IRA
0.40%--30 Month IRA
0.10%$500-15 Month IRA
0.10%--18 Month Fixed Rate IRA
0.10%--18 Month Variable IRA
Locations

Availability



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