Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 27

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 27
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)67418,698 (40,433)Residential mortgage-backed securities of U.S. government corporations and agencies16 — 2132,970 (6,018)2232,976 (6,018)Commercial mortgage-backed securities of U.S. government corporations and agencies438,852 (562)893,395 (7,304)12132,247 (7,866)Obligations of states and political subdivisions24,972 (9)—— — 24,972 (9)Total22$191,075 $(2,049)91$496,518 $(55,720)113$687,593 $(57,769)December 31, 2024Less Than 12 Months12 Months or MoreTotal(dollars in thousands)Number of SecuritiesFair ValueUnrealizedLossesNumber of SecuritiesFair ValueUnrealizedLossesNumber of SecuritiesFair ValueUnrealizedLossesU.S. Treasury securities5$45,045 $(362)5$47,723 $(3,915)10$92,768 $(4,277)Obligations of U.S. government corporations and agencies—— — 215,071 (189)215,071 (189)Collateralized mortgage obligations of U.S. government corporations and agencies22209,511 (3,393)56318,104 (44,885)78527,615 (48,278)Residential mortgage-backed securities of U.S. government corporations and agencies18 — 2133,030 (6,905)2233,038 (6,905)Commercial mortgage-backed securities of U.S. government corporations and agencies988,040 (1,741)12122,833 (10,846)21210,873 (12,587)Obligations of states and political subdivisions424,286 (493)—— — 424,286 (493)Total41$366,890 $(5,989)96$536,761 $(66,740)137$903,651 $(72,729)We evaluate securities with unrealized losses quarterly to determine if the decline in fair value has resulted from credit impairment or other factors. We do not believe any individual unrealized loss as of March 31, 2025 represents a credit impairment. The unrealized losses on debt securities were attributable to changes in interest rates and not