Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 65

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 a source of liquidity, to satisfy various pledging requirements, to increase net interest income and as a tool of ALCO to reposition the balance sheet for interest rate risk purposes. Securities are subject to market risks that could negatively affect the level of liquidity available to us. 

The securities portfolio increased $33.6 million to $1.0 billion at June 30, 2025 compared to December 31, 2024. The increase in the debt securities portfolio was primarily related to an improvement in unrealized losses of $25.6 million at June 30, 2025 compared to December 31, 2024 as a result of lower interest rates. Additionally, we had $2.3 million of realized losses due to the repositioning of $49.3 million of our securities portfolio into longer duration, higher-yielding securities during the three months ended March 31, 2025.

Our debt securities portfolio was in a net unrealized loss position of $46.1 million at June 30, 2025 compared to a net unrealized loss position of $71.7 million at December 31, 2024. At June 30, 2025, our debt securities portfolio had gross unrealized losses of $51.7 million offset by $5.6 million of gross unrealized gains compared to gross unrealized losses of $72.7 million offset by gross unrealized gains of $1.0 million at December 31, 2024.

Loan Composition

The following table summarizes our loan portfolio as of the dates presented:June 30, 2025December 31, 2024(dollars in thousands)Amount% of TotalAmount% of Total$ Change% ChangeCommercialCommercial real estate$3,520,294 44.4 %$3,388,017 43.8 %$132,277 3.9 %Commercial and industrial1,512,027 19.0 %1,540,397 19.9 %(28,370)(1.8)%Commercial construction397,785 5.0 %352,886 4.5 %44,899 12.7 %Total Commercial Loans5,430,106 68.4 %5,281,300 68.2 %148,806 2.8 %ConsumerConsumer real estate2,404,151 30.3 %2,356,901 30.4 %47