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

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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 government corporations and agencies234,603 230,030 Total Available-for-Sale Debt Securities$1,066,120 $1,020,019 Debt securities are pledged in order to meet various regulatory and legal requirements. Restricted pledged securities had a carrying value of $40.1 million at June 30, 2025 and $27.8 million at December 31, 2024. Unrestricted pledged securities had a carrying value of $181.2 million at June 30, 2025 and $195.6 million at December 31, 2024. Any sales or changes to the pledged status of restricted pledged securities requires approval of the beneficiary. Approval is not required in order to sell or make changes to the pledged status for unrestricted pledged securities.

NOTE 5. LOANS AND ALLOWANCE FOR CREDIT LOSSES 

Loans and Loans Held for SaleLoans are presented net of unearned income. Unearned income consisted of net deferred loan fees and costs of $4.4 million at June 30, 2025 and $4.3 million at December 31, 2024 and a discount related to purchase accounting fair value adjustments of $2.2 million at June 30, 2025 and $2.5 million at December 31, 2024.The following table summarizes the composition of originated and acquired loans as of the dates presented:(dollars in thousands)June 30, 2025December 31, 2024Commercial real estate$2,824,473 $2,708,531 Commercial and industrial1,320,652 1,351,637 Commercial construction386,239 341,266 Business banking1,319,410 1,303,258 Consumer real estate1,983,483 1,933,509 Other consumer100,177 104,757 Total Loans(1)$7,934,434 $7,742,958 (1) Excludes interest receivable of $32.8 million at June 30, 2025 and $32.7 million at December 31, 2024. Interest receivable is included in other assets in the Consolidated Balance Sheets. 

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

 Modifications to Borrowers Experiencing Financial DifficultyThe following