Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 41

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 41
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)(4,686)(8,317)(4,686)(8,317)Cash collateral(2)(32,762)(52,516)(600)(2,034)Net Amount$2,459 $57 $39,645 $60,509 (1) Netting adjustments represent the amounts recorded to convert derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance.(2) Cash collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The application of the cash collateral cannot reduce the net derivative position below zero. Therefore, excess cash collateral, if any, is not reflected above.The following table presents the effect, net of tax, of the cash flow hedges on Other Comprehensive Income (Loss), or OCI, and on the Condensed Consolidated Statements of Comprehensive Income for the periods presented:Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)Amount of Loss Reclassified from Accumulated Other Comprehensive Loss into Interest Income(dollars in thousands)Three months ended June 30, 2025Three months ended June 30, 2024Three months ended June 30, 2025Three months ended June 30, 2024Derivatives in Cash Flow Hedging Relationships:Interest rate swap contracts - cash flow hedge$1,404 $979 $(1,520)$(2,776)Total$1,404 $979 $(1,520)$(2,776)Amount of Gain (Loss) Recognized in Other Comprehensive IncomeAmount of Loss Reclassified from Accumulated Other Comprehensive Loss into Interest Income(dollars in thousands)Six months ended June 30, 2025Six months ended June 30, 2024Six months ended June 30, 2025Six months ended June 30, 2024Derivatives in Cash Flow Hedging Relationships:Interest rate swap contracts - cash flow hedges$3,850 $(1,859)$(3,211)$(5,440)Total$3,850 $(1,859)$(3,211)$(5,440) Amounts reported in OCI related to derivatives that are designated as hedging instruments are reclassified to interest income as interest payments are received on variable rate assets. During the next twelve months, we estimate that an additional $4.1 million will be reclassified as a decrease