Somerset Trust Company

Overview / Commentary
151 West Main Street
Somerset, PA 15501

Somerset Trust Company is headquartered in SOMERSET and is the 25th largest bank in the state of Pennsylvania. It is also the 519th largest bank in the nation. It was established in 1889 and as of March of 2024, it had grown to 456 employees at 47 locations. Somerset Trust Company has a B+ health rating.

Reviews (2)

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.

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.


Health Grade Components

FDIC Certificate #11112
Year Established1889
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD14.81%
Annual Interest Income$29.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.26B$2.04B
LoansQ1 2024vs Q1 2023$1.48B$1.27B
DepositsQ1 2024vs Q1 2023$1.84B$1.73B
Equity CapitalQ1 2024vs Q1 2023$140.6MM$120.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$18.6MM$16.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$14.9MM$6.4MM
Real Estate OwnedQ1 2024vs Q1 2023$51K$176K
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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

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

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

5.19%$5k-7 Month CD Special w/Relationship
5.19%$5k-15 Month CD Special w/Relationship
5.19%$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

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


Johnstown Area

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