Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 29

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 29
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.S. government corporations and agencies686,862 648,818 Residential mortgage-backed securities of U.S. government corporations and agencies39,156 33,143 Commercial mortgage-backed securities of U.S. government corporations and agencies226,228 219,285 Total Available-for-Sale Debt Securities$1,064,347 $1,009,950 Debt securities are pledged in order to meet various regulatory and legal requirements. Restricted pledged securities had a carrying value of $26.4 million at March 31, 2025 and $27.8 million at December 31, 2024. Unrestricted pledged securities had a carrying value of $184.9 million at March 31, 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 $4.2 million at March 31, 2025 and $4.3 million at December 31, 2024 and a discount related to purchase accounting fair value adjustments of $2.4 million at March 31, 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)March 31, 2025December 31, 2024Commercial real estate$2,776,065 $2,708,531 Commercial and industrial1,331,091 1,351,637 Commercial construction367,869 341,266 Business banking1,314,482 1,303,258 Consumer real estate1,948,677 1,933,509 Other consumer98,165 104,757 Total Loans(1)$7,836,349 $7,742,958 (1) Excludes interest receivable of $32.9 million at March 31, 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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