Somerset Trust Company
Somerset, Pennsylvania, Somerset County
$2.5B in total assets, the 519th largest of 4,309 US banks and 24th of 113 headquartered in Pennsylvania.
- FDIC certificate
- 11112
- Established
- 1889
- Owned by
- Somerset Trust Holding Co
- Primary regulator
- FDIC
- Website
- somersettrust.com
At a glance
Compared with 36 banks headquartered in Pennsylvania with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.5B | 58% | $2.2B | |
| Loans | $1.6B | 47% | $1.7B | |
| Deposits | $2.0B | 53% | $1.8B | |
| Return on assets | 1.12% | 44% | 1.19% | |
| Net interest margin | 4.42% | 92% | 3.71% | |
| Efficiency ratio | 66.3% | 72% | 58.6% | |
| Equity to assets | 8.13% | 6% | 10.49% | |
| Loans to deposits | 81% | 14% | 90% |
Growth
Total assets grew 6.8% a year over the last 5 years and 9.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2019 | First Bank of Lilly Lilly, PA | $20M |
Where they operate
48 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Somerset County, PA | $871M | 50.2% | 1 of 7 |
| Westmoreland County, PA | $351M | 3.3% | 8 of 21 |
| Fayette County, PA | $312M | 11.0% | 4 of 10 |
| Cambria County, PA | $267M | 6.6% | 5 of 13 |
| Bedford County, PA | $119M | 10.3% | 5 of 9 |
| Allegany County, MD | $37M | 4.3% | 5 of 5 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 17 branches since 2016 (31 to 48, +54.8%). 24 opened, 1 acquired, 8 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 31 | |||
| 2016 | Opened Uniontown | 1 | 0 | +1 | 32 |
| 2017 | Opened LigonierClosed Johnstown | 1 | 1 | 0 | 32 |
| 2018 | Opened 4 in PennsylvaniaClosed Irwin and Ligonier | 4 | 2 | +2 | 34 |
| 2019 | Acquired First Bank of LillyOpened 4 in Pennsylvania | 5 | 0 | +5 | 39 |
| 2020 | Opened 3 in 2 statesClosed Connellsville | 3 | 1 | +2 | 41 |
| 2021 | Opened 3 in 2 states | 3 | 0 | +3 | 44 |
| 2022 | Opened ViennaClosed Johnstown | 1 | 1 | 0 | 44 |
| 2023 | Opened LatrobeClosed Connellsville | 1 | 1 | 0 | 44 |
| 2024 | Opened 3 in Pennsylvania | 3 | 0 | +3 | 47 |
| 2025 | Opened BrownsvilleClosed Johnstown | 1 | 2 | −1 | 46 |
| 2026 through Q2 | Opened Mount Pleasant and North Huntingdon | 2 | 0 | +2 | 48 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 32% | 33% | |
| 1-4 family residential | 27% | 35% | |
| Business (C&I) | 20% | 10% | |
| Construction and land | 8% | 6% | |
| Multifamily | 4% | 8% | |
| Consumer | 3% | 3% | |
| Farmland | 2% | 3% | |
| Other | 3% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 56% | 54% | |
| Time deposits | 22% | 27% | |
| Noninterest-bearing | 22% | 19% |
Brokered deposits are 3.4% of deposits (peers 2.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.49% | 0.56% |
| Net charge-offs, annualized | 0.12% | 0.04% |
| Reserves to loans | 1.33% | 0.98% |
| Leverage ratio | 9.10% | 9.95% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Pennsylvania
Largest competitors in Somerset County, PA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/somerset