Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 104

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 104
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$27,945 $21,681 Asset Quality Ratios:Nonaccrual loans as a percent of total portfolio loans0.62 %0.36 %0.26 %Nonperforming assets as a percent of total portfolio loans plus OREO0.62 %0.36 %0.26 %

Our policy is to place loans in all categories in nonaccrual status when collection of interest or principal is doubtful, or generally when interest or principal payments are 90 days or more past the contractual due date. Nonaccrual loans increased $21.7 million to $49.6 million at September 30, 2025 compared to $27.9 million at December 31, 2024. Nonaccrual loans have increased from an exceptionally low level and remain manageable. The increase in nonaccrual loans was primarily due to the addition of two CRE relationships totaling $23.4 million and a C&I relationship totaling $5.0 million that moved to nonaccrual during the three months ended September 30, 2025.

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Deposits

Deposits are our primary source of funds. The following table presents the mix of deposits as of the dates presented:

September 30, 2025December 31, 2024(dollars in thousands)Amount% of DepositsAmount% of Deposits$ Change% ChangePersonal$4,706,535 59.4 %$4,533,149 58.2 %$173,386 3.8 %Business2,599,093 32.8 %2,679,191 34.4 %(80,098)(3.0)%Public funds415,848 5.3 %345,512 4.5 %70,336 20.4 %Brokered200,467 2.5 %225,265 2.9 %(24,798)(11.0)%Total Deposits$7,921,943 100.0 %$7,783,117 100.0 %$138,826 1.8 %

The following table presents the composition of deposits for the periods presented: