Somerset Trust Company

Overview / Commentary
151 West Main Street
Somerset, PA 15501

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.

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 - YTD0.75%
Return on Equity - YTD8.98%
Annual Interest Income$48.4MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$1.60B$1.31B
LoansQ3 2020vs Q3 2019$1.12B$897.4MM
DepositsQ3 2020vs Q3 2019$1.31B$1.05B
Equity CapitalQ3 2020vs Q3 2019$129.0MM$115.9MM
Loan Loss AllowanceQ3 2020vs Q3 2019$14.9MM$11.3MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$6.5MM$6.6MM
Real Estate OwnedQ3 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.

Somerset Trust Company Savings Account Rates

0.41%*$1m*-Advantage Interest Savings Account
OTHER TIERS: 0.11% $250 - $10k | 0.16% $10k - $25k | 0.21% $25k - $50k | 0.26% $50k - $150k | 0.36% $150k - $1m
0.15%--Christmas Club
0.11%--Statement Savings
0.10%*$100k*-Savings IRA
OTHER TIERS: 0.05% Up to $100k
0.03%--Overdraft Protection Savings

Somerset Trust Company Checking Account Rates

0.31%*$200k*-Personal Plus Interest Checking Account
OTHER TIERS: 0.11% $1.5k - $25k | 0.16% $25k - $100k | 0.21% $100k - $200k
0.11%$1k-Horizon 50 Checking Account
0.11%--Municipal Checking
0.06%--Interest Checking Account

Somerset Trust Company CD Rates

0.60%$500-60 Month CD
0.55%$500-48 Month CD
0.50%$5k$250k39 Month CD Special w/Relationship
0.45%$500-36 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$5k$225k13 Month CD Special w/Relationship
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

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


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