Advertising Disclosure

  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 29th largest bank in the state of Pennsylvania. It is also the 632nd largest bank in the nation. It was established in 1889 and as of March of 2019, it had grown to 394 employees at 35 locations. Somerset Trust Company has a B+ health rating.

Reviews (1)

I love my bank.

Posted by: briancalderon | Jan 11, 2018

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 Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11112
Year Established1889
Employees394
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD9.51%
Annual Interest Income$14.9MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.27B$1.17B
LoansQ1 2019vs Q1 2018$857.2MM$752.4MM
DepositsQ1 2019vs Q1 2018$1.02B$953.4MM
Equity CapitalQ1 2019vs Q1 2018$104.0MM$85.9MM
Loan Loss AllowanceQ1 2019vs Q1 2018$11.1MM$10.9MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$9.3MM$8.9MM
Real Estate OwnedQ1 2019vs Q1 2018$1.5MM$3.2MM
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Somerset Trust Company; 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.

Somerset Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$150k*-Advantage Interest Savings Account
OTHER TIERS: 0.20% → $250 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $150k
0.25%*$100k*-Savings IRA
OTHER TIERS: 0.15% → Up to $25k | 0.20% → $25k - $100k
0.20%--Statement Savings
0.20%--Christmas Club
0.10%--Overdraft Protection Savings

Somerset Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$200k*-Personal Plus Interest Checking Account
OTHER TIERS: 0.20% → $1.5k - $25k | 0.25% → $25k - $100k | 0.30% → $100k - $200k
0.20%$1k-Horizon 50 Checking Account
0.20%--Municipal Checking
0.15%--Interest Checking Account

Somerset Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.82%$500-61 Month CD Special w/Relationship
2.16%$500-45 Month CD Special w/Relationship
1.66%$5k$500k13 Month CD Special w/Relationship
1.35%$500-60 Month CD
1.15%$500-48 Month CD
1.00%$500-36 Month CD
0.95%$500-24 Month CD
0.40%$500-18 Month CD
0.35%$500-12 Month CD
0.25%$1k-9 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

Somerset Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%--18 Month Fixed Rate IRA
1.51%--60 Month IRA
1.00%--42 Month IRA
0.60%--30 Month IRA
0.40%$500-15 Month IRA
0.35%--18 Month Variable IRA
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.