Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 23

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 23
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24,287 Total Available-for-Sale Debt Securities92,768 893,647 — 986,415 Equity securities1,176 — — 1,176 Total Securities Available for Sale93,944 893,647 — 987,591 Securities held in a deferred compensation plan10,876 — — 10,876 Derivative financial assets:Interest rate swap contracts - commercial loans— 60,890 — 60,890 Total Assets$104,820 $954,537 $— $1,059,357 LIABILITIESDerivative financial liabilities:Interest rate swap contracts - commercial loans$— $61,271 $— $61,271 Interest rate swap contracts - cash flow hedge— 9,589 — 9,589 Total Liabilities$— $70,860 $— $70,860 

9

Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Assets Recorded at Fair Value on a Nonrecurring BasisWe may be required to measure certain assets and liabilities at fair value on a nonrecurring basis. Nonrecurring assets are recorded at the lower of cost or fair value in our consolidated financial statements. There were no liabilities measured at fair value on a nonrecurring basis at both March 31, 2025 and December 31, 2024. There were no Level 3 assets measured at fair value on a nonrecurring basis and one Level 2 individually evaluated loan measured at a fair value on a nonrecurring basis for $1.0 million as of March 31, 2025. At December 31, 2024 there was $6.8 million of individually evaluated loans measured at fair value and classified as Level 3 on a nonrecurring basis.Significant unobservable inputs used in the fair value measurements of Level 3 assets on a nonrecurring basis were as follows at December 31, 2024: December 31, 2024Valuation TechniqueSignificant Unobservable InputsRangeWeighted Average(dollars in thousands)Loans individually evaluated$6,830Appraisals of collateralAppraisal adjustments(1)20%-75%63.06%(1) Represents adjustments to appraised values related to market conditions and liquidation estimates based on management judgement.Fair Value of Financial Instruments