Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 70

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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its$7,920,920 $7,783,117 $137,803 

 Total deposits increased $137.8 million, or 1.8 percent, at June 30, 2025 compared to December 31, 2024. Customer deposits increased $162.6 million, or 2.2 percent compared to December 31, 2024. Total brokered deposits decreased $24.8 million from December 31, 2024 due to growth in customer deposits. Brokered deposits are an additional source of funds utilized by ALCO as a way to diversify funding sources, as well as manage our funding costs and structure.

As a member of the IntraFi network, we are able to offer our customers insurance coverage on interest-bearing demand, money market and certificates of deposit balances in excess of the FDIC insurance limits. IntraFi balances were $292.2 million at June 30, 2025 compared to $324.8 million at December 31, 2024. 

We had total uninsured deposits of $2.7 billion, or 34.1 percent of our total deposit base, at June 30, 2025 compared to $2.6 billion, or 33.5 percent of our total deposit base, at December 31, 2024.

Borrowings

Borrowings are an additional source of funding for us. Short-term borrowings are for terms under or equal to one year at June 30, 2025 and are comprised of FHLB Advances. Long-term borrowings are for original terms greater than one year and are comprised of FHLB advances and finance leases. Total borrowings were $250.3 million at June 30, 2025 and December 31, 2024.

(dollars in thousands)June 30, 2025December 31, 2024$ ChangeShort-term borrowings$150,000 $150,000 $— Long-term borrowings50,856 50,896 (40)Junior subordinated debt securities49,448 49,418 30 Total Borrowings$250,304 $250,314 $(10)

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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

Information pertaining to short-term borrowings is summarized in the table below