Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 56

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 2025 compared to the same period in 2024.

The following table sets forth a summary of the changes in interest earned and interest paid resulting from changes in volume and changes in rates for the periods presented:Three Months Ended March 31, 2025 Compared to March 31, 2024(dollars in thousands)Volume (4)Rate (4)TotalInterest earned on:Interest-bearing deposits with banks$(227)$(423)$(650)Securities, at fair value(1)(2)167 1,911 2,078 Loans held for sale(3)— (3)Commercial real estate449 (1,265)(816)Commercial and industrial(1,673)(2,777)(4,450)Commercial construction188 (759)(571)Total Commercial Loans(1,036)(4,801)(5,837)Residential mortgage2,233 1,124 3,357 Home equity84 (1,205)(1,121)Installment and other consumer(247)(182)(429)Consumer construction(341)135 (206)Total Consumer Loans1,729 (128)1,601 Total Portfolio Loans693 (4,929)(4,236)Total Loans(1)(3)690 (4,929)(4,239)Total other earning assets(152)(16)(168)Change in Interest Earned on Interest-earning Assets$478 $(3,457)$(2,979)Interest paid on:Interest-bearing demand$(139)$(249)$(388)Money market1,320 (1,106)214 Savings(87)53 (34)Certificates of deposit2,408 (509)1,899 Total Interest-bearing Deposits3,502 (1,811)1,691 Short-term borrowings(3,886)(230)(4,116)Long-term borrowings132 (97)35 Junior subordinated debt securities1 (137)(136)Total Borrowings(3,753)(464)(4,217)Other interest-bearing liabilities(112)(115)(227)Change in Interest Paid on Interest-bearing Liabilities(363)(2,390)(2,753)Change in Net Interest Income$841 $(1,067)$(226)(1) Tax-exempt income is on an FTE basis (non-GAAP) using the statutory federal corporate income tax rate of 21 percent.