Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 28

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 28
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 related to the credit quality of the issuers. All debt securities were determined to be investment grade and paying principal and interest according to the contractual terms of the security. At March 31, 2025, we do not intend to sell, and it is more likely than not that we will not be required to sell, the securities in an unrealized loss position before recovery of their amortized cost. 

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table presents net unrealized gains and losses, net of tax, on available-for-sale debt securities included in accumulated other comprehensive income (loss), for the periods presented:March 31, 2025December 31, 2024(dollars in thousands)Gross Unrealized GainsGross Unrealized LossesNet Unrealized LossesGross Unrealized GainsGross Unrealized LossesNet Unrealized LossesTotal unrealized gains (losses) on available-for-sale debt securities$3,372 $(57,769)$(54,397)$990 $(72,729)$(71,739)Income tax (expense) benefit(725)12,426 11,701 (213)15,644 15,431 Net Unrealized Gains (Losses), Net of Tax Included in Accumulated Other Comprehensive Income (Loss)$2,647 $(45,343)$(42,696)$777 $(57,085)$(56,308)The amortized cost and fair value of available-for-sale debt securities at March 31, 2025 by contractual maturity are included in the table below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.March 31, 2025(dollars in thousands)AmortizedCostFair ValueObligations of the U.S. Treasury, U.S. government corporations and agencies and obligations of states and political subdivisionsDue in one year or less$30,317 $30,191 Due after one year through five years81,784 78,513 Due after five years through ten years— — Due after ten years— — Available-for-Sale Debt Securities With Fixed Maturities112,101 108,704 Debt Securities without a single maturity dateCollateralized mortgage obligations of U