Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 83

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 83
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 it is more likely than not that we will not be required to sell any of the securities in an unrealized loss position before recovery of their amortized cost. We did not recognize any impairment charges on our securities portfolio in 2024, 2023 or 2022. 

We recognized $7.9 million of realized losses as a result of repositioning $144.3 million of our securities portfolio into longer duration, higher-yielding securities during 2024. We sold shorter duration U.S. Treasury securities and commercial mortgage-backed securities and purchased a mix of collateralized mortgage obligations, U.S. Treasury securities and commercial mortgage-backed securities with a longer duration and higher yield. 

The following table sets forth the maturities of securities at December 31, 2024 and the weighted average yields of such securities. Taxable-equivalent adjustments for 2024 have been made in calculating yields on obligations of state and political subdivisions.

MaturingWithinOne YearAfterOne But withinFive YearsAfterFive But WithinTen YearsAfterTen YearsNo FixedMaturity(dollars in thousands)AmountYieldAmountYieldAmountYieldAmountYieldAmountYieldAvailable-for-SaleU.S. Treasury securities$10,019 4.01 %$82,749 2.56 %$— — %$— — %$— — %Obligations of U.S. government corporations and agencies15,071 2.14 %— — %— — %— — %— — %Collateralized mortgage obligations of U.S. government corporations and agencies51 2.50 %12,125 3.08 %33,021 3.84 %551,087 3.62 %— — %Residential mortgage-backed securities of U.S. government corporations and agencies20 5.00 %807 2.60 %— — %32,380 1.84 %— — %Commercial mortgage-backed securities of U.S. government corporations and agencies2,620 2.82 %153,610 2.45 %68,568 4.50 %— — %— — %Obligations of states and political subdivisions (1)— — %4,982 3.32 %19,305 3.14 %— — %— —