Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 86

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 86
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 Delaware and Maryland.

 In the CRE segment, multi-family represented $640.1 million, or 8.3 percent of total portfolio loans, at December 31, 2024 compared to $569.4 million, or 7.4 percent, at December 31, 2023. The average loan size of multifamily CRE is $1.1 million with an average loan to value of 58 percent at December 31, 2024 compared to an average loan size of $0.9 million with an average loan to value of 58 percent at December 31, 2023. There were no special mention loans and $7.3 million of substandard loans in the multifamily CRE segment at December 31, 2024 compared to special mention loans of $3.8 million and substandard loans of $13.0 million at December 31, 2023. There were no nonperforming multifamily loans at December 31, 2024 and December 31, 2023.

 Office CRE was $453.3 million, or 5.9 percent of total portfolio loans, at December 31, 2024 compared to $480.5 million, or 6.3 percent, at December 31, 2023. The average loan size of office CRE is $1.1 million with an average loan to value of 56 percent at December 31, 2024 compared to an average loan size of $1.1 million with an average loan to value of 55 percent at December 31, 2023. Special mention loans in the office CRE segment were $18.4 million and substandard loans were $2.1 million at December 31, 2024 compared to special mention loans of $9.1 million and substandard loans of $2.5 million at December 31, 2023. There were $0.6 million of nonperforming loans at December 31, 2024 and $0.5 million at December 31, 2023. 

In addition, within the commercial construction segment, multifamily represented $72.8 million, or 0.9 percent of total portfolio loans, at December 31, 2024 compared to $119.0 million, or 1.6 percent, at December 31, 2023. Commercial construction office was $17.2 million, or 0.2 percent of total portfolio loans, at December 31, 2024