Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 103

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 103
---
coveries135 224 — 65 350 635 1,409 Net Recoveries (Charge-offs)135 (204)(119)(257)(202)(484)(1,131)Balance at End of Period$30,335 $32,080 $6,468 $11,461 $15,527 $2,709 $98,580 (1) Excludes the provision for credit losses for unfunded commitments.

The following table presents key ACL ratios for the periods presented:

June 30, 2025December 31, 2024Ratio of net charge-offs to average loans outstanding(1)0.03 %0.11 %Allowance for credit losses as a percentage of total portfolio loans1.24 %1.31 %Allowance for credit losses to nonaccrual loans463 %363 %

(1) Year-to-date net charge-offs annualized

The ACL decreased $2.9 million to $98.6 million, or 1.24 percent of total portfolio loans, at June 30, 2025 compared to $101.5 million, or 1.31 percent of total portfolio loans, at December 31, 2024. The decrease of $2.9 million in the ACL was primarily due to a reduction in specific reserves for loans individually evaluated related to the partial pay-off in 2025 of a $10.7 million C&I relationship that went nonperforming during the three months ended December 31, 2024. The decrease in the ACL was partially offset by a $0.9 million increase in our quantitative reserve primarily due to loan growth. 

 Substandard and special mention loans remain relatively stable at June 30, 2025 following significant reductions during 2024. Substandard loans were $113.9 million at June 30, 2025 compared to $109.8 million at December 31, 2024. Special mention loans were $99.4 million at June 30, 2025 compared to $98.9 million at December 31, 2024.

Nonperforming assets, or NPAs, consist of nonaccrual loans and OREO. The following represents NPAs as of the dates presented:

(dollars in thousands)June 30, 2025December 31, 2024$ ChangeNonaccrual Loans Commercial real estate$3,967 $4,173