Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 94

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 94
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5(dollars in thousands)CommercialReal EstateCommercial andIndustrialCommercialConstructionBusiness BankingConsumerReal EstateOtherConsumerTotal LoansAllowance for credit losses on loans:Balance at beginning of period$30,254 $37,084 $4,893 $10,681 $15,776 $2,806 $101,494 Provision for credit losses on loans(1)(493)(3,643)1,017 650 160 (202)(2,511)Charge-offs— (172)(30)(143)(162)(377)(884)Recoveries134 145 — 25 133 474 911 Net Recoveries (Charge-offs)134 (27)(30)(118)(29)97 27 Balance at End of Period$29,895 $33,414 $5,880 $11,213 $15,907 $2,701 $99,010 (1) Excludes the provision for credit losses for unfunded commitments.

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following table presents key ACL ratios for the periods presented:

March 31, 2025December 31, 2024Ratio of net charge-offs to average loans outstanding(1)— %0.11 %Allowance for credit losses as a percentage of total portfolio loans1.26 %1.31 %Allowance for credit losses to nonaccrual loans443 %363 %

(1) Year-to-date net charge-offs annualized

Net loan recoveries were $0.0 million for the three months ended March 31, 2025. Refer to the "Provision for Credit Losses" section of this MD&A for further details.

The ACL decreased $2.5 million to $99.0 million, or 1.26 percent of total portfolio loans, at March 31, 2025 compared to $101.5 million, or 1.31 percent of total portfolio loans, at December 31, 2024. The decrease in the ACL is due to a reduction in specific reserves for loans individually evaluated related to the partial pay-off of a $10.7 million C&I relationship that went nonperforming during the three months ended December 31, 2024