Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 43

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 43
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In the normal course of business, we offer off-balance sheet credit arrangements to enable our customers to meet their financing objectives. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated financial statements. Our exposure to credit loss, in the event the customer does not satisfy the terms of the agreement, equals the contractual amount of the obligation less the value of any collateral. We apply the same credit policies in making commitments and standby letters of credit that are used for the underwriting of loans to customers. Commitments generally have fixed expiration dates, annual renewals or other termination clauses and may require payment of a fee. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. 

The following table sets forth our commitments and letters of credit as of the dates presented:(dollars in thousands)June 30, 2025December 31, 2024Commitments to extend credit$2,527,223 $2,382,847 Standby letters of credit66,825 69,558 Total$2,594,048 $2,452,405 

LitigationIn the normal course of business, we are subject to various legal and administrative proceedings and claims. While any type of litigation contains a level of uncertainty, we believe that the outcome of such proceedings or claims pending will not have a material adverse effect on our consolidated financial position or results of operations.

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

NOTE 9. OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the change in components of other comprehensive income (loss) for the periods presented, net of tax effects.Three Months Ended June 30, 2025Three Months Ended June 30, 2024(dollars in thousands)Pre-TaxAmountTaxExpenseNet of TaxAmountPre-TaxAmountTaxExpenseNet of TaxAmountChange in net unrealized gains (losses) on available-for-sale debt securities$8,296 $(1,770)$6,526 $7 $(2)$5 Net available-for-sale securities losses reclassified into earnings— — — 3,150 (678)2,472 Change in interest rate swap1,786 (382)1,404 1,248