Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 69

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 at December 31, 2024. The decrease in nonaccrual loans was primarily due to the partial pay-off of the $10.7 million C&I relationship mentioned above.

37

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

Deposits

Deposits are our primary source of funds. The following table presents the mix of deposits as of the dates presented:

June 30, 2025December 31, 2024(dollars in thousands)Amount% of DepositsAmount% of Deposits$ Change% ChangePersonal$4,740,364 59.9 %$4,533,149 58.2 %$207,215 4.6 %Business2,569,167 32.4 %2,679,191 34.4 %(110,024)(4.1)%Public funds410,917 5.2 %345,512 4.5 %65,405 18.9 %Brokered200,472 2.5 %225,265 2.9 %(24,793)(11.0)%Total Deposits$7,920,920 100.0 %$7,783,117 100.0 %$137,803 1.8 %

The following table presents the composition of deposits for the periods presented:

(dollars in thousands)June 30, 2025December 31, 2024$ ChangeCustomer DepositsNoninterest-bearing demand$2,182,346 $2,185,242 $(2,896)Interest-bearing demand738,251 812,768 (74,517)Money market2,055,826 1,939,980 115,846 Savings879,254 877,859 1,395 Certificates of deposit1,864,771 1,742,003 122,768 Total Customer Deposits7,720,448 7,557,852 162,596 Brokered DepositsMoney market180,472 100,305 80,167 Certificates of deposit20,000 124,960 (104,960)Total Brokered Deposits200,472 225,265 (24,793)Total Depos