Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 92

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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, 2025.

Our debt securities portfolio was in a net unrealized loss position of $54.4 million at March 31, 2025 compared to a net unrealized loss position of $71.7 million at December 31, 2024. At March 31, 2025, our debt securities portfolio had gross unrealized losses of $57.8 million offset by $3.4 million of gross unrealized gains compared to gross unrealized losses of $72.7 million offset by gross unrealized gains of $1.0 million at December 31, 2024.

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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

Loan Composition

The following table summarizes our loan portfolio as of the dates presented:March 31, 2025December 31, 2024(dollars in thousands)Amount% of TotalAmount% of Total$ Change% ChangeCommercialCommercial real estate$3,462,246 44.2 %$3,388,017 43.8 %$74,229 2.2 %Commercial and industrial1,520,475 19.4 %1,540,397 19.9 %(19,922)(1.3)%Commercial construction380,129 4.8 %352,886 4.5 %27,243 7.7 %Total Commercial Loans5,362,850 68.4 %5,281,300 68.2 %81,550 1.5 %ConsumerConsumer real estate2,375,334 30.3 %2,356,901 30.4 %18,433 0.8 %Other consumer98,165 1.3 %104,757 1.4 %(6,592)(6.3)%Total Consumer Loans2,473,499 31.6 %2,461,658 31.8 %11,841 0.5 %Total Portfolio Loans$7,836,349 100.0 %$7,742,958 100.0 %$93,391 1.2 %

The loan portfolio represents the most significant source of interest income for us. The risk that borrowers will be unable to pay such obligations is inherent in the loan