Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 23

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 23
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398 (5,588)Commercial mortgage-backed securities of U.S. government corporations and agencies329,346 (289)894,142 (6,090)11123,488 (6,379)Obligations of states and political subdivisions—— —— — —— — Total17$159,497 $(1,760)88$477,955 $(49,916)105$637,452 $(51,676)December 31, 2024Less Than 12 Months12 Months or MoreTotal(dollars in thousands)Number of SecuritiesFair ValueUnrealizedLossesNumber of SecuritiesFair ValueUnrealizedLossesNumber of SecuritiesFair ValueUnrealizedLossesU.S. Treasury securities5$45,045 $(362)5$47,723 $(3,915)10$92,768 $(4,277)Obligations of U.S. government corporations and agencies—— — 215,071 (189)215,071 (189)Collateralized mortgage obligations of U.S. government corporations and agencies22209,511 (3,393)56318,104 (44,885)78527,615 (48,278)Residential mortgage-backed securities of U.S. government corporations and agencies18 — 2133,030 (6,905)2233,038 (6,905)Commercial mortgage-backed securities of U.S. government corporations and agencies988,040 (1,741)12122,833 (10,846)21210,873 (12,587)Obligations of states and political subdivisions424,286 (493)—— — 424,286 (493)Total41$366,890 $(5,989)96$536,761 $(66,740)137$903,651 $(72,729)We evaluate securities with unrealized losses quarterly to determine if the decline in fair value has resulted from credit impairment or other factors. We do not believe any individual unrealized loss as of June 30, 2025 represents a credit impairment. The unrealized losses on debt securities were attributable to changes in interest rates and not 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 June 30, 2025, we do not intend to sell,