Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 61

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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2024. The increase in the debt securities portfolio was primarily related to an improvement in unrealized losses of $17.3 million from December 31, 2024 to March 31, 2025 as a result of lower interest rates. Additionally, we recognized $2.3 million of realized losses due to the repositioning of $49.3 million of our securities portfolio into longer duration, higher-yielding securities during the three months ended March 31, 2025.

Our debt securities portfolio was in a net unrealized loss position of $54.4 million at March 31, 2025 compared to a net unrealized loss position of $71.7 million at December 31, 2024. At March 31, 2025, our debt securities portfolio had gross unrealized losses of $57.8 million offset by $3.4 million of gross unrealized gains compared to gross unrealized losses of $72.7 million offset by gross unrealized gains of $1.0 million at December 31, 2024.

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Loan Composition

The following table summarizes our loan portfolio as of the dates presented:March 31, 2025December 31, 2024(dollars in thousands)Amount% of TotalAmount% of Total$ Change% ChangeCommercialCommercial real estate$3,462,246 44.2 %$3,388,017 43.8 %$74,229 2.2 %Commercial and industrial1,520,475 19.4 %1,540,397 19.9 %(19,922)(1.3)%Commercial construction380,129 4.8 %352,886 4.5 %27,243 7.7 %Total Commercial Loans5,362,850 68.4 %5,281,300 68.2 %81,550 1.5 %ConsumerConsumer real estate2,375,334 30.3 %2,356,901 30.4 %18,433 0.8 %Other consumer98,165 1.3 %104,757 1.4 %(6,592)(6.3)%Total Consumer Loans2,473,