Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 42

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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 andIndustrialCommercialConstructionBusiness BankingConsumerReal EstateOtherConsumerTotal LoansAllowance for credit losses on loans:Balance at beginning of period$37,886 $34,538 $5,382 $12,858 $14,663 $2,639 $107,966 Provision for credit losses on loans(1)2,838 680 (233)(995)859 276 3,425 Charge-offs(5,205)(1,128)— (98)(139)(369)(6,939)Recoveries93 117 — 33 27 80 350 Net Charge-offs(5,112)(1,011)— (65)(112)(289)(6,589)Balance at End of Period$35,612 $34,207 $5,149 $11,798 $15,410 $2,626 $104,802 (1) Excludes the provision for credits losses for unfunded commitments.

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 6. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Derivatives Designated as Hedging Instruments The following table indicates the amounts representing the value of derivative assets and derivative liabilities as of the dates presented:Derivative Assets(Included in Other Assets)Derivative Liabilities(Included in Other Liabilities)March 31, 2025December 31, 2024March 31, 2025December 31, 2024(dollars in thousands)Notional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueDerivatives Designated as Hedging InstrumentsInterest rate swap contracts - cash flow hedges$— $— $— $— $450,000 $6,473 $500,000 $9,589 Total Derivatives Designated as Hedging Instruments— — — — 450,000 6,473 500,000 9,589 Derivatives Not Designated as Hedging InstrumentsInterest rate swap contracts - commercial loans830,871 48,493 850,104 60,890 830,871 48,865 850,104 61,271 Total Derivatives Not Design