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 28th largest bank in the state of Pennsylvania. It is also the 626th largest bank in the nation. It was established in 1889 and as of June of 2019, it had grown to 401 employees at 36 locations. Somerset Trust Company has an A 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
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11112
Year Established1889
Employees401
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD10.83%
Annual Interest Income$30.3MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.29B$1.20B
LoansQ2 2019vs Q2 2018$892.7MM$786.6MM
DepositsQ2 2019vs Q2 2018$1.03B$966.9MM
Equity CapitalQ2 2019vs Q2 2018$111.4MM$87.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$10.8MM$11.1MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$6.7MM$8.8MM
Real Estate OwnedQ2 2019vs Q2 2018$1.2MM$3.2MM
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
1.66%$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

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