Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 18

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 of the Notes to Consolidated Financial Statements in our 2024 Form 10-K for more information on the valuation methodologies that we use for financial instruments recorded at fair value on a recurring or nonrecurring basis.

9

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

Assets and Liabilities Recorded at Fair Value on a Recurring BasisThe following tables present our assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy level at the dates presented:September 30, 2025(dollars in thousands)Level 1Level 2Level 3TotalASSETSAvailable-for-sale debt securities:U.S. Treasury securities$94,262 $— $— $94,262 Collateralized mortgage obligations of U.S. government corporations and agencies— 637,536 — 637,536 Residential mortgage-backed securities of U.S. government corporations and agencies— 31,856 — 31,856 Commercial mortgage-backed securities of U.S. government corporations and agencies— 231,233 — 231,233 Obligations of states and political subdivisions— 4,943 — 4,943 Total Available-for-Sale Debt Securities94,262 905,568 — 999,830 Equity securities1,319 — — 1,319 Total Securities Available for Sale95,581 905,568 — 1,001,149 Securities held in a deferred compensation plan13,609 — — 13,609 Derivative financial assets:Interest rate swap contracts - commercial loans— 35,739 — 35,739 Interest rate lock commitments - mortgage loans— — 19 19 Total Assets$109,190 $941,307 $19 $1,050,516 LIABILITIESDerivative financial liabilities:Interest rate swap contracts - commercial loans$— $36,042 $— $36,042 Interest rate swap contracts - cash flow hedge— 3,199 — 3,199 Total Liabilities$— $39,241 $— $39,241 December 31, 2024(dollars in thousands)Level 1Level 2Level 3TotalASSETSAvailable-for-sale debt securities:U.S