Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 108

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 108
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Tax effect(1,563)— 42 Net effect on other comprehensive income8,245 15,910 (87,890)Interest Rate SwapsNet change in fair value of interest rate swaps(8,253)(5,753)(21,459)Tax effect1,722 1,237 4,581 Net interest rate swap losses reclassified into earnings(2)13,403 12,382 91 Tax effect(2,796)(2,662)(19)Net effect on other comprehensive income4,076 5,204 (16,806)Employee Benefit PlansAdjustment to funded status of employee benefit plans1,969 142 (2,526)Tax effect(381)(32)608 Net employee benefit plan losses reclassified into earnings(3)— — 2,080 Tax effect— — (501)Net effect on other comprehensive income1,588 110 (339)Other Comprehensive Income (Loss)13,909 21,224 (105,035)Comprehensive Income$145,174 $166,005 $30,485 

(1) Reclassification adjustments are comprised of realized security gains or losses. The realized gains or losses have been recorded in net (loss) gain on sale of securities in the Consolidated Statements of Net Income.

(2) Reclassification adjustments have been recorded in loan interest income in the Consolidated Statements of Net Income.

(3) Reclassification adjustments are comprised of realized actuarial gains or losses and settlement charges. These gains or losses and settlement charges have been recorded in salaries and employee benefits in the Consolidated Statements of Net Income.

See Notes to Consolidated Financial Statements

53

Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY 

(dollars in thousands, except share and per share data)CommonStockAdditionalPaid-inCapitalRetainedEarningsAccumulatedOtherComprehensive LossTreasuryStockTotalBalance at January 1, 2022$103,623 $403,095 $773,659 $(7,090)$(66,833)$1,206,454 Net income for the year ended December 31, 2022— — 135,520 — — 135,520 Other comprehensive loss, net of tax— — — (105,