Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 40

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 40
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 the amounts representing the value of derivative assets and derivative liabilities as of the dates presented:Derivative Assets(Included in Other Assets)Derivative Liabilities(Included in Other Liabilities)June 30, 2025December 31, 2024June 30, 2025December 31, 2024(dollars in thousands)Notional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueDerivatives Designated as Hedging InstrumentsInterest rate swap contracts - cash flow hedges$— $— $— $— $450,000 $4,686 $500,000 $9,589 Total Derivatives Designated as Hedging Instruments— — — — 450,000 4,686 500,000 9,589 Derivatives Not Designated as Hedging InstrumentsInterest rate swap contracts - commercial loans782,665 39,907 850,104 60,890 782,665 40,245 850,104 61,271 Total Derivatives Not Designated as Hedging Instruments782,665 39,907 850,104 60,890 782,665 40,245 850,104 61,271 Total Derivatives$782,665 $39,907 $850,104 $60,890 $1,232,665 $44,931 $1,350,104 $70,860 

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

The following table indicates the gross amounts of interest rate swap derivative assets and derivative liabilities, the amounts offset and the carrying values in the Consolidated Balance Sheets at the dates presented:Derivative Assets(Included in Other Assets)Derivative Liabilities(Included in Other Liabilities)(dollars in thousands)June 30, 2025December 31, 2024June 30, 2025December 31, 2024Gross amounts recognized$39,907 $60,890 $44,931 $70,860 Gross amounts offset— — — — Net amounts presented in the Consolidated Balance Sheets39,907 60,890 44,931 70,860 Netting adjustments(1