Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 97

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 97
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 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 certificate of deposit balances in excess of the FDIC insurance limits. IntraFi balances increased $47.1 million to $324.8 million at December 31, 2024 compared to $277.7 million at December 31, 2023. 

We have total uninsured deposits of $2.6 billion, or 33.5 percent of our total deposit base, compared to $2.3 billion, or 30.0 percent, at December 31, 2023. Included in uninsured deposits is $297.5 million of fully collateralized, municipal deposits, or 3.8 percent of our total deposit base.

The daily average balance of deposits and rates paid on deposits are summarized in the following table for the years ended December 31:

202420232022(dollars in thousands)AmountRateAmountRateAmountRateNoninterest-bearing demand$2,163,902 — $2,349,919 — $2,705,210 — Interest-bearing demand804,387 1.10 %844,588 0.72 %918,222 0.11 %Money market1,873,629 3.11 %1,638,947 2.28 %1,909,209 0.63 %Savings905,351 0.69 %1,020,314 0.43 %1,121,818 0.10 %Certificates of deposit1,580,025 4.41 %1,226,989 3.17 %991,396 0.58 %Brokered deposits304,060 5.35 %114,322 5.43 %2,323 2.10 %Total$7,631,354 2.09 %$7,195,079 1.29 %$7,648,178 0.26 %

CDs of $250,000 and over accounted for 6.2 percent and 4.7 percent of total deposits at December 31, 2024 and December 31, 2023. These primarily represent deposit relationships with local customers in our market area.

Maturities of CDs of $250,000 or