Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 41

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 41
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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The following table indicates the gross amounts of interest rate swap derivative assets and derivative liabilities, the amounts offset and the carrying values in the Consolidated Balance Sheets at the dates presented:Derivative Assets(Included in Other Assets)Derivative Liabilities(Included in Other Liabilities)(dollars in thousands)September 30, 2025December 31, 2024September 30, 2025December 31, 2024Gross amounts recognized$35,739 $60,890 $39,241 $70,860 Gross amounts offset— — — — Net amounts presented in the Consolidated Balance Sheets35,739 60,890 39,241 70,860 Netting adjustments(1)(3,199)(8,317)(3,199)(8,317)Cash collateral(2)(22,660)(52,516)608 (2,034)Net Amount$9,880 $57 $36,650 $60,509 (1) Netting adjustments represent the amounts recorded to convert derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance.(2) Cash collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The application of the cash collateral cannot reduce the net derivative position below zero. Therefore, excess cash collateral, if any, is not reflected above.The following table presents the effect, net of tax, of the cash flow hedges on Other Comprehensive Income (Loss), or OCI, and on the Condensed Consolidated Statements of Comprehensive Income for the periods presented:Amount of Gain Recognized in Other Comprehensive Income Amount of Loss Reclassified from Accumulated Other Comprehensive Loss into Interest Income(dollars in thousands)Three months ended September 30, 2025Three months ended September 30, 2024Three months ended September 30, 2025Three months ended September 30, 2024Derivatives in Cash Flow Hedging Relationships:Interest rate swap contracts - cash flow hedge$1,166 $7,877 $(1,412)$(2,785)Total$1,166 $7,877 $(1,412)$(2,