Somerset Trust Co.
Somerset, Pennsylvania · $2.47B in assets · beside the 11 other Pennsylvania banks between $1B and $3B
The filing
Somerset Trust Co. is the fifth largest of the 12 Pennsylvania banks nearest its size between $1B and $3B, with $2.47B in assets at 30 June 2026. Loans are 81.3% of deposits, 2nd of 12 against a median of 84.0%, and equity is 8.1% of assets, 11th of 12. Loans grew -1.0% in the year, the slowest in the cohort, and deposits fell 0.8%; the cohort's median loan growth is +9.9%.
Noncurrent loans are 1.49% of the book, 11th of 12 against a median of 0.67%; 0.63% is 30 to 89 days past due, and the allowance covers them 0.9 times. Net charge-offs are 0.12% of loans, 10th of 12. Commercial real estate is 31.9% of loans, 7th of 12 against a median of 29.1%, and 206% of capital, below the 300% screen, with construction at 53% against the 100% screen. CRE has grown +51.7% over 36 months, past the guidance's 50% prong.
Return on assets is 1.13%, 6th of 12 against a median of 1.13%, on an efficiency ratio of 66.3%, 10th of 12. Five years ago it was 0.84%. The question is which of these lines moves first over the next four quarters, and against which peer.
SBA 7(a), FY2008 to FY2026
Somerset Trust Co. is the 73rd largest 7(a) lender into Pennsylvania of 374, with $24M across 52 loans, 0.2% of everything approved in the state (The Huntington National Bank leads with $747M). 1 of its 13 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.
| County | Approved | Rank | Share | Trend |
|---|---|---|---|---|
| Somerset, PA | $10M | 3rd of 23 | 17.1% | -0.1 pts |
| Westmoreland, PA | $5M | 12th of 74 | 1.6% | thin |
| Cambria, PA | $4M | 3rd of 27 | 11.9% | thin |
| Washington, MD | $4M | 11th of 59 | 2.8% | thin |
| Bedford, PA | $3M | 6th of 18 | 8.2% | thin |
| Allegheny, PA | $2M | 73rd of 140 | 0.1% | -0.1 pts |
| Fayette, PA | $897K | 17th of 44 | 1.6% | -2.5 pts |
| Prince Georges, MD | $315K | 120th of 138 | 0.0% | quiet FY2019 |
| Butler, PA | $293K | 46th of 59 | 0.1% | thin |
| Fairfax, VA | $200K | 155th of 169 | 0.0% | thin |
| Allegany, MD | $108K | 23rd of 26 | 0.3% | thin |
| Washington, PA | $74K | 58th of 60 | 0.0% | thin |
| Montgomery, MD | $50K | 140th of 144 | 0.0% | thin |
| Industry | Loans | Approved | Share of book | Share of sector | Rank |
|---|---|---|---|---|---|
| Accommodation & food services | 15 | $11M | 37.1% | 0.01% | 554th of 2,596 |
| Wholesale trade | 2 | $5M | 17.7% | 0.02% | 449th of 1,651 |
| Manufacturing | 9 | $5M | 16.0% | 0.01% | 732nd of 2,246 |
| Retail trade | 7 | $2M | 7.6% | 0.00% | 1125th of 2,589 |
| Health care & social assistance | 5 | $1M | 4.4% | 0.00% | 1064th of 2,172 |
Commercial real estate against capital
| Somerset Trust Co. | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 206% | 7th of 12 | 204% |
| Construction against capital, the 100% screen | 53% | 8th of 12 | 49% |
| Construction and land development, share of loans | 8.1% | 8th of 12 | 6.4% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 19.5% | 9th of 12 | 16.8% |
| Total CRE, the guidance definition, share of loans | 31.9% | 7th of 12 | 29.1% |
| CRE growth over 36 months, the third prong | +51.7% | 6th of 12 | +59.7% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $2.97B | 1.1% | 58.5% | 0.08% | 0.01% | 1.0% | 81.6% | 8.5% | |
| $2.93B | 1.4% | 50.9% | 1.49% | 0.00% | 1.1% | 86.8% | 10.6% | |
| $2.91B | 1.0% | 63.9% | 1.21% | 0.17% | 1.1% | 89.4% | 9.3% | |
| $2.59B | 0.8% | 64.5% | 3.68% | 0.93% | 1.0% | 101.5% | 9.6% | |
| $2.47B | 1.1% | 66.3% | 1.49% | 0.12% | 1.3% | 81.3% | 8.1% | |
| $2.39B | 1.0% | 71.4% | 0.54% | 0.04% | 1.1% | 82.7% | 9.4% | |
| $2.37B | 0.7% | 71.5% | 0.61% | 0.00% | 0.7% | 82.9% | 8.8% | |
| $2.34B | 1.2% | 60.1% | 1.10% | 0.07% | 1.4% | 83.8% | 8.3% | |
| $2.08B | 1.2% | 61.3% | 0.57% | 0.03% | 0.7% | 117.3% | 8.4% | |
| $1.91B | 1.2% | 52.6% | 0.19% | 0.00% | 0.6% | 103.4% | 9.6% | |
| $1.86B | 0.9% | 59.0% | 0.05% | 0.00% | 0.9% | 77.7% | 6.9% | |
| $1.67B | 1.7% | 51.7% | 0.74% | 0.03% | 0.8% | 84.2% | 11.6% |
| Somerset Trust Co. | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $1.18B | $1.62B | +37% | $1.07B | $1.73B | +62% |
| Deposits | $1.49B | $2.00B | +34% | $1.39B | $2.01B | +44% |
| NPA / loans | 0.86% | 1.49% | +0.63 pts | 0.43% | 0.67% | +0.24 pts |
| Efficiency | 73.4% | 66.3% | -7.1 pts | 61.1% | 60.7% | -0.4 pts |
| ROA | 0.84% | 1.13% | +0.29 pts | 1.05% | 1.13% | +0.09 pts |
This read was prepared for Somerset Trust Co.'s board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Somerset Trust Co. is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort PA banks $1B to $3B
Institution somersettrust.com
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