Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 99

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 99
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2024December 31, 2023Balance at the period end$50,896 $39,277 Average balance during the period$46,306 $31,706 Average interest rate during the period4.24 %4.20 %Maximum month-end balance during the period$64,015 $39,589 Average interest rate at the period end3.75 %4.52 %Junior Subordinated Debt Securities(dollars in thousands)December 31, 2024December 31, 2023Balance at the period end$49,418 $49,358 Average balance during the period$49,386 $52,215 Average interest rate during the period8.05 %7.87 %Maximum month-end balance during the period$49,418 $54,483 Average interest rate at the period end6.96 %7.98 %

Wealth Management Assets

The fair value of the S&T Bank Wealth Management assets under administration, which are not accounted for as part of our assets, amounted to $2.0 billion at December 31, 2024 and $2.2 billion at December 31, 2023. At December 31, 2024, assets under administration consisted of $0.7 billion in S&T Trust and $1.3 billion in S&T Financial Services.

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 7.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 Liquidity and Capital Resources

Liquidity is defined as a financial institution’s ability to meet its cash and collateral obligations at a reasonable cost. Our primary future cash needs are centered on the ability to (i) satisfy the financial needs of depositors who may want to withdraw funds or of borrowers needing to access funds to meet their credit needs and (ii) to meet our future cash commitments under contractual obligations with third parties. In order to manage liquidity risk, our Board of Directors has delegated authority to ALCO for the formulation, implementation and oversight of liquidity risk management for S&T. The ALCO’s goal is to maintain adequate levels of liquidity at a reasonable cost to meet funding needs in both a normal operating environment and for potential liquidity stress events. The ALCO monitors and manages liquidity through various ratios, reviewing cash flow projections, performing stress tests and having a detailed contingency funding plan.