Somerset Savings Bank

Statement of Condition

We’re safe, solid and secure.

We believe a reputation for quality is something that can only be earned over time — proven day in and day out by consistently showing respect for, and attention to, the financial needs of our customers. We’re committed to giving you the banking solutions you need to achieve your goals and the security you need for financial peace of mind.

Statement of Condition

December 31, 2019

Cash on Hand and In Banks $ 80.196,129
Mortgage Backed and Investment Securities  152,655,110
Mortgage Loans  324,481,031
Equity and Consumer Loans      9,904,262
Office Properties and Equipment      3,786,138
Other Assets    16,829,977
Total Assets $ 587,852,647
Liabilities and Capital
Deposits $ 459,785,738
Tax Escrow Funds        3,863,828
Other Liabilities        5,390,685
Capital    118,812,396
Total Liabilities and Capital $ 587,852,647