Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 20

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 20
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 individually evaluated loans of $6.8 million were measured at fair value and classified as Level 3 on a nonrecurring basis.Significant unobservable inputs used in the fair value measurements of Level 3 assets on a nonrecurring basis were as follows at December 31, 2024: December 31, 2024Valuation TechniqueSignificant Unobservable InputsRangeWeighted Average(dollars in thousands)Loans individually evaluated$6,830Appraisals of collateralAppraisal adjustments(1)20.00%-75.00%63.06%(1) Represents adjustments to appraised values related to market conditions and liquidation estimates based on management judgment.Fair Value of Financial Instruments The following tables present the carrying values and fair values of our financial instruments at the dates presented:CarryingValue(1)Fair Value Measurements at September 30, 2025(dollars in thousands)TotalLevel 1Level 2Level 3ASSETSCash and due from banks, including interest-bearing deposits$196,228 $196,228 $196,228 $— $— Securities available for sale1,001,149 1,001,149 95,581 905,568 — Portfolio loans, net7,882,852 7,704,463 — — 7,704,463 Collateral receivable608 608 608 — — Securities held in a deferred compensation plan13,609 13,609 13,609 — — Mortgage servicing rights5,149 8,006 — — 8,006 Interest rate swap contracts - commercial loans35,739 35,739 — 35,739 — Interest rate lock commitments - mortgage loans19 19 — — 19 LIABILITIESDeposits$7,921,943 $7,918,559 $5,997,324 $1,921,235 $— Collateral payable22,660 22,660 22,660 — — Short-term borrowings135,000 135,000 — 135,000 — Long-term borrowings50,836 50,848 — 50,848 — Junior subordinated debt securities49,463 49,463 — 49,463 — Interest rate swap contracts - commercial loans36,042 36,042