Somerset Trust Company is headquartered in Somerset and is the 29th largest bank in the state of Pennsylvania. It is also the 607th largest bank in the nation. It was established in 1889 and as of September of 2020, it had grown to 430 employees at 40 locations. Somerset Trust Company has an A health rating.
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.
Overall | |
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FDIC Certificate # | 11112 |
Year Established | 1889 |
Employees | 430 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.75% |
Return on Equity - YTD | 8.98% |
Annual Interest Income | $48.4MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $1.60B$1.31B |
Loans | Q3 2020vs Q3 2019 | $1.12B$897.4MM |
Deposits | Q3 2020vs Q3 2019 | $1.31B$1.05B |
Equity Capital | Q3 2020vs Q3 2019 | $129.0MM$115.9MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $14.9MM$11.3MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $6.5MM$6.6MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $1.1MM$1.2MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.55% | - | - | 60 Month IRA | |
0.45% | - | - | 42 Month IRA | |
0.40% | - | - | 30 Month IRA | |
0.10% | $500 | - | 15 Month IRA | |
0.10% | - | - | 18 Month Fixed Rate IRA | |
0.10% | - | - | 18 Month Variable IRA |