Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 106

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 106
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Borrowings are an additional source of funding for us. Short-term borrowings are for terms under or equal to one year at June 30, 2025 and are comprised of FHLB Advances. Long-term borrowings are for original terms greater than one year and are comprised of FHLB advances and finance leases. Total borrowings were $250.3 million at June 30, 2025 and December 31, 2024.

(dollars in thousands)June 30, 2025December 31, 2024$ ChangeShort-term borrowings$150,000 $150,000 $— Long-term borrowings50,856 50,896 (40)Junior subordinated debt securities49,448 49,418 30 Total Borrowings$250,304 $250,314 $(10)

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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

Information pertaining to short-term borrowings is summarized in the table below for the three months ended June 30, 2025 and for the twelve months ended December 31, 2024.

Short-Term Borrowings(dollars in thousands)June 30, 2025December 31, 2024Balance at the period end$150,000 $150,000 Average balance during the period$135,659 $257,524 Average interest rate during the period4.63 %5.12 %Maximum month-end balance during the period$160,000 $465,000 Average interest rate at the period end4.60 %4.60 %

Information pertaining to long-term borrowings and junior subordinated debt securities is summarized in the tables below for the three months ended June 30, 2025 and for the twelve months ended December 31, 2024.

Long-Term Borrowings(dollars in thousands)June 30, 2025December 31, 2024Balance at the period end$50,856 $50,896 Average balance during the period$50,866 $46,306 Average interest rate during the period3.80 %4.24 %Maximum month-end balance during the period$50,890 $64,015 Average interest rate at the period end3.75 %3.