Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 25

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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 U.S. Treasury, U.S. government corporations and agencies and obligations of states and political subdivisionsDue in one year or less$29,913 $29,892 Due after one year through five years71,560 69,313 Due after five years through ten years— — Due after ten years— — Available-for-Sale Debt Securities With Fixed Maturities101,473 99,205 Debt Securities without a single maturity dateCollateralized mortgage obligations of U.S. government corporations and agencies665,945 637,536 Residential mortgage-backed securities of U.S. government corporations and agencies36,950 31,856 Commercial mortgage-backed securities of U.S. government corporations and agencies234,259 231,233 Total Available-for-Sale Debt Securities$1,038,627 $999,830 Debt securities are pledged in order to meet various regulatory and legal requirements. Restricted pledged securities had a carrying value of $39.1 million at September 30, 2025 and $27.8 million at December 31, 2024. Unrestricted pledged securities had a carrying value of $209.1 million at September 30, 2025 and $195.6 million at December 31, 2024. Any sales or changes to the pledged status of restricted pledged securities requires approval of the beneficiary. Approval is not required in order to sell or make changes to the pledged status for unrestricted pledged securities.

NOTE 5. LOANS AND ALLOWANCE FOR CREDIT LOSSES 

Loans and Loans Held for SaleLoans are presented net of unearned income. Unearned income consisted of net deferred loan fees and costs of $4.7 million at September 30, 2025 and $4.3 million at December 31, 2024 and a discount related to purchase accounting fair value adjustments of $2.1 million at September 30, 2025 and $2.5 million at December 31, 2024.The following table summarizes the composition of originated and acquired loans as of the dates presented:(dollars in thousands)September 30, 2025December 31, 2024Commercial real estate$2,950,110 $2,708,531 Commercial and industrial1,275,985 1,351,637 Commercial construction307,012 341,266 Business banking1,316,346 1,303,258 Consumer