Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 30

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1
Chunk 30
---
4 (January 1 through March 31, 2024). Because the Bank's uninsured deposits were below $5 billion at December 31, 2022, this special assessment is not applicable to S&T.

The FDIC may terminate the deposit insurance of any insured depository institution if it determines, after hearing that the institution has engaged in unsafe or unsound practices, that the institution is in an unsafe or unsound condition to continue operations or has violated any applicable law, regulation, rule, order or condition imposed by the FDIC or the FRB. It also may suspend deposit insurance temporarily during the hearing process if the institution has no tangible capital. If insurance of accounts is terminated, the accounts at the institution at the time of termination, less subsequent withdrawals, will continue to be insured for a period of six months to two years, as determined by the FDIC.

Under federal law, deposits and certain claims for administrative expenses and employee compensation against insured depository institutions are afforded a priority over other general unsecured claims against such an institution, including federal funds and letters of credit, in the liquidation or other resolution of such an institution by a receiver. Such priority creditors would include the FDIC.

6

Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIES

Capital

The FRB and the FDIC have issued substantially similar minimum risk-based and leverage capital rules applicable to the banking organizations they supervise. On December 31, 2024, both S&T and S&T Bank met the applicable minimum regulatory capital requirements. 

The following table summarizes the leverage and risk-based capital ratios for S&T and S&T Bank:

ActualMinimumRegulatory CapitalRequirementsTo beWell CapitalizedUnder PromptCorrective ActionProvisions(dollars in thousands)AmountRatioAmountRatioAmountRatioAs of December 31, 2024Leverage RatioS&T$1,112,126 11.98 %$371,211 4.00 %$464,014 5.00 %S&T Bank1,060,010 11.43 %371,002 4.00 %463,752 5.00 %Common Equity Tier 1 (to Risk-Weighted Assets)S&T1,088,126 14.58 %335,888 4.50 %485,172 6.50 %S&T Bank1,060,010 14.21 %335,722 4.50