Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 93

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 93
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022ACL Balance at Beginning of Year:$107,966 $101,340 $98,576 Charge-offs:Commercial real estate(5,390)(1,706)(1,820)Commercial and industrial(3,898)(20,535)(7,801)Commercial construction— (451)— Consumer real estate(1,446)(446)(621)Other consumer(1,454)(1,500)(1,375)Total(12,188)(24,638)(11,617)Recoveries:Commercial real estate1,921 1,084 1,052 Commercial and industrial1,133 9,796 7,366 Commercial construction— 2 1 Consumer real estate329 214 203 Other consumer524 360 400 Total3,907 11,456 9,022 Net Charge-offs(8,281)(13,182)(2,595)Impact of adoption of ASU 2022-02— 568 — Provision for credit losses1,809 19,240 5,359 ACL Balance at End of Year:$101,494 $107,966 $101,340 

Net loan charge-offs for 2024 were $8.3 million, or 0.11 percent of average loans, compared to $13.2 million, or 0.18 percent of average loans for 2023. Offsetting loan charge-offs during 2024 were $3.9 million in recoveries compared to $11.5 million in recoveries in 2023, which included a $9.3 million recovery related to a 2020 customer fraud.

The following table summarizes net charge-offs as a percentage of average loans for the years presented:

202420232022Commercial real estate0.10 %0.02 %0.02 %Commercial and industrial0.17 %0.64 %0.03 %Commercial construction— %0.12 %— %Consumer real estate0.05 %0.01 %0.03 %Other consumer0.88 %0.97 %0.81 %Net charge-offs to average loans outstanding0.11 %0.18 %0.04 %Allowance for credit losses as a percentage of total portfolio loans1.31 %1.41 %1.41 %Allowance for credit losses to total nonacc