Somerset Trust Company

Overview / Commentary
151 West Main Street
Somerset, PA 15501

Somerset Trust Company is headquartered in Somerset and is the 27th largest bank in the state of Pennsylvania. It is also the 621st largest bank in the nation. It was established in 1889 and as of September of 2019, it had grown to 409 employees at 38 locations. Somerset Trust Company's CD rates are 90% higher than the national average, and it has an A health rating.

Reviews (1)

I love my bank.

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.


Health Grade Components

FDIC Certificate #11112
Year Established1889
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD10.78%
Annual Interest Income$45.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.31B$1.21B
LoansQ3 2019vs Q3 2018$897.4MM$803.5MM
DepositsQ3 2019vs Q3 2018$1.05B$983.8MM
Equity CapitalQ3 2019vs Q3 2018$115.9MM$83.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$11.3MM$10.6MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$6.6MM$7.9MM
Real Estate OwnedQ3 2019vs Q3 2018$1.2MM$3.2MM
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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

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

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

1.81%$5k$250k39 Month CD Special w/Relationship
1.71%$5k$225k12 Month CD Special
1.35%$500-60 Month CD
1.25%$5k$225k13 Month CD Special w/Relationship
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

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


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