Somerset Trust Company

Overview / Commentary
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 609th largest bank in the nation. It was established in 1889 and as of June of 2020, it had grown to 424 employees at 39 locations. Somerset Trust Company has a B+ 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 - YTD0.77%
Return on Equity - YTD9.07%
Annual Interest Income$31.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.57B$1.29B
LoansQ2 2020vs Q2 2019$1.12B$892.7MM
DepositsQ2 2020vs Q2 2019$1.28B$1.03B
Equity CapitalQ2 2020vs Q2 2019$126.4MM$111.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$14.1MM$10.8MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$8.4MM$6.7MM
Real Estate OwnedQ2 2020vs Q2 2019$1.2MM$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

0.50%*$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

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

1.05%$5k$250k39 Month CD Special w/Relationship
0.80%$500-60 Month CD
0.70%$500-48 Month CD
0.60%$500-36 Month CD
0.60%$5k$225k12 Month CD Special
0.50%$500-24 Month CD
0.40%$500-18 Month CD
0.35%$500-12 Month CD
0.35%$5k$225k13 Month CD Special w/Relationship
0.25%$1k-9 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

Somerset Trust Company IRA Rates

0.90%--60 Month IRA
0.75%--42 Month IRA
0.60%--30 Month IRA
0.55%--18 Month Fixed Rate IRA
0.40%$500-15 Month IRA
0.35%--18 Month Variable IRA


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