Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 91

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 91
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 or principal is doubtful or generally when interest or principal payments are 90 days or more past the contractual due date.

 Nonaccrual loans remain low at $27.9 million at December 31, 2024 compared to $22.9 million at December 31, 2023. The increase in nonaccrual loans was due to the addition of a $10.7 million commercial and industrial, or C&I, relationship during the three months ended December 31, 2024. A specific reserve of $4.2 million was added for this relationship based on the uncertainty of timing surrounding the execution of the resolution strategy. Partially offsetting the increase in nonaccrual loans were payoffs in our commercial construction and CRE portfolios. 

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 7.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following represents delinquency as of December 31:

20242023(dollars in thousands)Amount% ofLoansAmount% ofLoans90 days or more:Commercial real estate$4,173 0.12 %$7,267 0.22 %Commercial and industrial12,570 0.82 %3,244 0.20 %Commercial construction— — %4,960 1.37 %Consumer real estate10,964 0.47 %7,146 0.33 %Other consumer230 0.22 %330 0.29 %Total Loans$27,937 0.36 %$22,947 0.30 %30 to 89 days:Commercial real estate$1,846 0.05 %$7,665 0.23 %Commercial and industrial2,671 0.17 %710 0.04 %Commercial construction1,036 0.29 %22 0.01 %Consumer real estate5,554 0.24 %6,295 0.29 %Other consumer372 0.35 %429 0.37 %Total Loans$11,479 0.15 %$15,121 0.20 %

Closed-end installment loans, amortizing loans secured by real estate and any other loans with payments scheduled monthly are reported past due when the borrower is in arre