Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 104

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 104
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$(206)Commercial and industrial5,459 12,570 (7,111)Commercial construction869 — 869 Consumer real estate10,832 10,964 (132)Other Consumer185 230 (45)Total Nonaccrual Loans21,312 27,937 (6,625)OREO— 8 (8)Total Nonperforming Assets$21,312 $27,945 $(6,633)Asset Quality Ratios:Nonaccrual loans as a percent of total portfolio loans0.27 %0.36 %(0.09)%Nonperforming assets as a percent of total portfolio loans plus OREO0.27 %0.36 %(0.09)%

Our policy is to place loans in all categories in nonaccrual status when collection of interest or principal is doubtful, or generally when interest or principal payments are 90 days or more past the contractual due date. Nonaccrual loans decreased $6.6 million to $21.3 million at June 30, 2025 compared to $27.9 million at December 31, 2024. The decrease in nonaccrual loans was primarily due to the partial pay-off of the $10.7 million C&I relationship mentioned above.

37

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:

June 30, 2025December 31, 2024(dollars in thousands)Amount% of DepositsAmount% of Deposits$ Change% ChangePersonal$4,740,364 59.9 %$4,533,149 58.2 %$207,215 4.6 %Business2,569,167 32.4 %2,679,191 34.4 %(110,024)(4.1)%Public funds410,917 5.2 %345,512 4.5 %65,405 18.9 %Brokered200,472 2.5 %225,265 2.9 %(24,793)(11.0)%Total Deposits$7