Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 70

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 70
---
5December 31, 2024$ ChangeCustomer DepositsNoninterest-bearing demand$2,188,699 $2,185,242 $3,457 Interest-bearing demand745,904 812,768 (66,864)Money market2,014,235 1,939,980 74,255 Savings868,019 877,859 (9,840)Certificates of deposit1,904,619 1,742,003 162,616 Total Customer Deposits7,721,476 7,557,852 163,624 Brokered DepositsMoney market180,467 100,305 80,162 Certificates of deposit20,000 124,960 (104,960)Total Brokered Deposits200,467 225,265 (24,798)Total Deposits$7,921,943 $7,783,117 $138,826 

 Total deposits increased $138.8 million, or 1.8 percent, at September 30, 2025 compared to December 31, 2024 as a result of our continued focus on growing our deposit franchise. Customer deposits increased $163.6 million, or 2.2 percent compared to December 31, 2024. Total brokered deposits decreased $24.8 million from December 31, 2024. Brokered deposits are an additional source of funds utilized by ALCO as a way to diversify funding sources, as well as manage our funding costs and structure.

As a member of the IntraFi network, we are able to offer our customers insurance coverage on interest-bearing demand, money market and certificates of deposit balances in excess of the FDIC insurance limits. IntraFi balances were $292.4 million at September 30, 2025 compared to $324.8 million at December 31, 2024. 

We had total uninsured deposits of $2.7 billion, or 34.5 percent of our total deposit base, at September 30, 2025 compared to $2.6 billion, or 33.5 percent of our total deposit base, at December 31, 2024.

Borrowings

Borrowings are an additional source of funding for us. Short-term borrowings are for terms under or equal to one year at September 30, 2025 and are comprised of FHLB Advances. Long-term borrowings are for original terms