Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 77

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 77
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(1,449)28,981 27,532 Savings(490)2,411 1,921 (101)3,332 3,231 Certificates of deposit15,240 21,447 36,687 1,806 35,329 37,135 Total Interest-bearing Deposits21,886 44,690 66,576 173 72,756 72,929 Short-term borrowings(13,221)(811)(14,032)19,058 6,484 25,542 Long-term borrowings614 18 632 272 650 921 Junior subordinated debt securities(223)89 (134)(97)1,811 1,714 Total Borrowings(12,830)(704)(13,534)19,233 8,945 28,178 Other interest-bearing liabilities(533)66 (467)1,587 829 2,416 Change in Interest Paid on Interest-bearing Liabilities8,523 44,052 52,575 20,993 82,530 103,523 Change in Net Interest Income$4,374 $(18,820)$(14,446)$(9,687)$43,812 $34,124 

(1)Nonaccruing loans are included in the daily average loan amounts outstanding.

(2)Tax-exempt income is on an FTE basis using the statutory federal corporate income tax rate of 21 percent.

(3)Taxable investment income is adjusted for the dividend-received deduction for equity securities.

(4)Changes to rate/volume are allocated to both rate and volume on a proportionate dollar basis.

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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

Provision for Credit Losses

The provision for credit losses includes a provision for losses on loans and on unfunded commitments. The provision for credit losses fluctuates based on changes in loan balances, loan risk ratings, net loan charge-offs/recoveries, the macro environment and our Current Expected Credit Loss, or CECL, forecast. 

The provision for credit losses decreased $17.8 million to $0.1 million for 2024 compared to $17.9 million for 2023. The decrease in the provision for credit