Somerset Trust Company


Overview / Commentary
814-443-9200
151 West Main Street
Somerset, PA 15501

Somerset Trust Company is headquartered in Somerset and is the 26th largest bank in the state of Pennsylvania. It is also the 616th largest bank in the nation. It was established in 1889 and as of December of 2019, it had grown to 406 employees at 41 locations. Somerset Trust Company's CD rates are 11% 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

Health Grade Components

Overall
FDIC Certificate #11112
Year Established1889
Employees406
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD10.65%
Annual Interest Income$61.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.34B$1.23B
LoansQ4 2019vs Q4 2018$932.4MM$837.5MM
DepositsQ4 2019vs Q4 2018$1.03B$1.00B
Equity CapitalQ4 2019vs Q4 2018$118.7MM$93.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$11.8MM$11.0MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$7.3MM$7.7MM
Real Estate OwnedQ4 2019vs Q4 2018$1.1MM$1.5MM
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
0.50%*$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
1.35%$500-60 Month CD
1.20%$5k$250k39 Month CD Special w/Relationship
1.15%$500-48 Month CD
1.00%$500-36 Month CD
1.00%$5k$225k12 Month CD Special
0.95%$500-24 Month CD
0.50%$5k$225k13 Month CD Special w/Relationship
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%--60 Month IRA
1.00%--18 Month Fixed Rate 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



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