Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 24

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 24
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 and it is more likely than not that we will not be required to sell, the securities in an unrealized loss position before recovery of their amortized cost. 

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

The following table presents net unrealized gains and losses, net of tax, on available-for-sale debt securities included in accumulated other comprehensive income (loss), for the periods presented:June 30, 2025December 31, 2024(dollars in thousands)Gross Unrealized GainsGross Unrealized LossesNet Unrealized LossesGross Unrealized GainsGross Unrealized LossesNet Unrealized LossesTotal unrealized gains (losses) on available-for-sale debt securities$5,575 $(51,676)$(46,101)$990 $(72,729)$(71,739)Income tax (expense) benefit(1,201)11,132 9,931 (213)15,644 15,431 Net Unrealized Gains (Losses), Net of Tax Included in Accumulated Other Comprehensive Income (Loss)$4,374 $(40,544)$(36,170)$777 $(57,085)$(56,308)The amortized cost and fair value of available-for-sale debt securities at June 30, 2025 by contractual maturity are included in the table below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.June 30, 2025(dollars in thousands)AmortizedCostFair ValueObligations of the U.S. Treasury, U.S. government corporations and agencies and obligations of states and political subdivisionsDue in one year or less$40,118 $39,988 Due after one year through five years71,767 69,126 Due after five years through ten years— — Due after ten years— — Available-for-Sale Debt Securities With Fixed Maturities111,885 109,114 Debt Securities without a single maturity dateCollateralized mortgage obligations of U.S. government corporations and agencies681,481 648,306 Residential mortgage-backed securities of U.S. government corporations and agencies38,151 32,569 Commercial mortgage-backed securities of U.S.