Somerset Trust Holding Company (SOME)

SOME Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	106.73	42.4	39.94	150.84	68.62	24.55
Investment Securities	610.82	385.93	380.89	362.54	333.69	274.6
Mortgage-Backed Securities	-	213.14	223.13	151.95	20.08	21.73
Total Investments	610.82	599.07	604.01	514.49	353.77	296.33
Gross Loans	1,517	1,433	1,265	1,134	1,120	943.41
Allowance for Loan Losses	-18.22	-18.77	-18.72	-20.29	-16.85	-11.8
Other Adjustments to Gross Loans	-	-2	-1.4	-1.7	-3.1	-0.52
Net Loans	1,499	1,412	1,245	1,112	1,100	931.09
Property, Plant & Equipment	52.14	55.79	43.49	38.87	35.78	31.76
Other Intangible Assets	-	0.02	0.02	0.02	0.16	0.19
Loans Held for Sale	-	11.12	2.51	0.5	2.7	1.13
Accrued Interest Receivable	-	10.04	9.57	7.17	7.29	5.36
Restricted Cash	-	-	-	-	-	1.6
Long-Term Deferred Tax Assets	-	10.91	15.49	1.33	1.04	1.32
Other Real Estate Owned & Foreclosed	-	0.05	0.15	0.03	0.99	1.06
Other Long-Term Assets	86	58.13	57.2	42.17	40.5	41.47
Total Assets	2,355	2,199	2,017	1,867	1,611	1,336
Interest Bearing Deposits	1,904	1,299	1,186	1,143	974.63	785.64
Institutional Deposits	-	65.9	31.9	38.1	31.5	45.3
Non-Interest Bearing Deposits	-	422.21	440.42	405.39	321.98	203.47
Total Deposits	1,904	1,787	1,658	1,587	1,328	1,034
Short-Term Borrowings	-	26.38	158.38	22.66	12.64	46.37
Current Portion of Long-Term Debt	-	35.51	-	-	-	-
Current Portion of Leases	-	1.35	-	-	-	-
Accrued Interest Payable	-	4.29	0.94	0.77	1.2	1.58
Long-Term Debt	270.08	-	-	0.64	0.74	0.51
Federal Home Loan Bank Debt, Long-Term	-	186.67	79.51	97.65	117.65	119.13
Long-Term Leases	-	4.51	4.98	3.78	3.57	2.99
Pension & Post-Retirement Benefits	-	-	-	1.36	-	-
Other Long-Term Liabilities	20.64	10.77	12.98	13.73	15.72	13.03
Total Liabilities	2,195	2,057	1,915	1,727	1,480	1,218
Common Stock	159.94	3.58	3.58	3.45	3.44	3.45
Retained Earnings	-	170.74	150.27	133.51	121.05	113.23
Comprehensive Income & Other	-	-31.8	-50.99	3.03	6.41	1.15
Shareholders' Equity	159.94	142.52	102.87	139.99	130.9	117.84
Total Liabilities & Equity	2,355	2,199	2,017	1,867	1,611	1,336
Total Debt	270.08	254.42	242.87	124.72	134.6	169
Net Cash (Debt)	-163.35	-212.01	-202.93	26.12	-65.98	-143.94
Net Cash Per Share	-64.75	-84.06	-80.58	10.42	-26.32	-58.64
Filing Date Shares Outstanding	2.52	2.52	2.52	2.51	2.5	2.51
Total Common Shares Outstanding	2.52	2.52	2.52	2.51	2.5	2.51
Book Value Per Share	63.45	56.50	40.78	55.87	52.29	46.94
Tangible Book Value	159.94	142.5	102.85	139.97	130.74	117.64
Tangible Book Value Per Share	63.45	56.50	40.78	55.86	52.22	46.86

Source: S&P Capital IQ. Banks template. Financial Sources.