Applications / Mortgage Analytics / Lenders / Pennsylvania / Somerset Trust Company
Somerset, PA · State non-member bank · FDIC · $2.4 billion assets · 1,076 loans in 2025
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1,076
loans originated, 2025
1,285
applications, 2025
9
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Somerset Trust Company is a Pennsylvania lender of small loans, with a typical loan of $75,000 against $195,000 at similar lenders, and more of its lending goes to lower-income borrowers and areas than at most of them.
Its typical loan was smaller than at nearly all similar lenders (state non-member banks making between half and twice as many loans). Its mix may account for much of that: home improvement was 23.2% of its loans and other purposes 15.5%, and 6.2% were for manufactured homes, against 1.5% at peers. It made more loans than most peers, but its dollar volume was lower than at more than eight in ten of them.
LMI (low- and moderate-income) borrowers took 35.2% of its loans against 26.8% at peers, higher than more than eight in ten similar lenders, and LMI areas 23.2% against 14.8%, higher than about nine in ten. Majority-minority areas took 1.3%, against 7.0% at peers; the make-up of the Pennsylvania markets it mainly serves is one possible reason.
Originations rose 21% to 1,076, against 10% at peers and the whole market. Its typical rate was 6.00% against 6.75% at peers, and its refinance denial rate 13.5% against 15.3%.
Its share of Pittsburgh rose 0.1 points to 0.7%, ranking 33 of 571. In Johnstown it fell 1.1 points to 2.5%, ranking 11 of 143; in so small a market a few larger loans by competitors could account for it.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Somerset Trust Company took 1,285 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 36.9% · Refinance 24.3% · Home improvement 23.2% · Other 15.5%
Conventional 97.5% · USDA (RHS or FSA) 2.2% · FHA 0.3% · of 1,076 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Pennsylvania | 1,040 | 96.7% |
| Maryland | 15 | 1.4% |
| West Virginia | 6 | 0.6% |
| Florida | 5 | 0.5% |
| District of Columbia | 4 | 0.4% |
| Virginia | 3 | 0.3% |
| North Carolina | 1 | 0.1% |
| Ohio | 1 | 0.1% |
| South Carolina | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Pittsburgh | 550 |
| Johnstown | 74 |
| Washington | 4 |
| Morgantown | 3 |
| Naples-Marco Island | 2 |
| Virginia Beach-Chesapeake-Norfolk | 2 |
| Winchester | 2 |
| Altoona | 1 |
| Blacksburg-Christiansburg-Radford | 1 |
| Chambersburg | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300D1PL8LHKCBST97 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 212522 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2212522 | 1990–2007 |
| Respondent ID (the HMDA filer code before 2018) | 311112 | 2008–2017 |
Established 1 January 1889. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Somerset Trust Company's data.
Somerset Trust Company's data
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Somerset Trust Company and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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