Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 96

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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10.7 million C&I relationship mentioned above.

34

Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Deposits

Deposits are our primary source of funds. The following table presents the mix of deposits as of the dates presented:

March 31, 2025December 31, 2024(dollars in thousands)Amount% of DepositsAmount% of Deposits$ Change% ChangePersonal$4,674,337 59.2 %$4,533,149 58.2 %$141,188 3.1 %Business2,619,202 33.2 %2,679,191 34.4 %(59,989)(2.2)%Public funds399,026 5.1 %345,512 4.5 %53,514 15.5 %Brokered200,368 2.5 %225,265 2.9 %(24,897)(11.1)%Total Deposits$7,892,933 100.0 %$7,783,117 100.0 %$109,816 1.4 %

The following table presents the composition of deposits for the periods presented:

(dollars in thousands)March 31, 2025December 31, 2024$ ChangeCustomer DepositsNoninterest-bearing demand$2,164,491 $2,185,242 $(20,751)Interest-bearing demand809,722 812,768 (3,046)Money market2,059,713 1,939,980 119,733 Savings886,007 877,859 8,148 Certificates of deposit1,772,632 1,742,003 30,629 Total Customer Deposits7,692,565 7,557,852 134,713 Brokered DepositsMoney market150,368 100,305 50,063 Certificates of deposit50,000 124,960 (74,960)Total Brokered Deposits200,368 225,265 (24,897)Total Deposits$7,892,933 $7,783,117 $109,816 

 Total deposits increased $109.8