Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 102

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 102
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 commercial construction comprised 68.4 percent of total portfolio loans at June 30, 2025 and 68.2 percent at December 31, 2024. The commercial loan portfolio increased $148.8 million at June 30, 2025 compared to December 31, 2024 due to increases of $132.3 million in CRE and $44.9 million in commercial construction offset by a decrease of $28.4 million in C&I. 

Consumer loans represent 31.6 percent of our total portfolio loans at June 30, 2025 and 31.8 percent at December 31, 2024. The consumer loan portfolio increased $42.7 million at June 30, 2025 compared to December 31, 2024 primarily due to growth in our consumer real estate portfolio of $47.3 million. 

Allowance for Credit Losses

We maintain an ACL at a level determined to be adequate to absorb estimated expected credit losses within the loan portfolio over the contractual life of an instrument that considers our historical loss experience, current conditions and forecasts of future economic conditions as of the balance sheet date. We develop and document a systematic ACL methodology based on the following portfolio segments: 1) CRE, 2) C&I, 3) Commercial Construction, 4) Business Banking, 5) Consumer Real Estate and 6) Other Consumer. Refer to Part 1. Financial Information, Note 5. Loans and Allowance for Credit Losses for details on our portfolio segments.

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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

The following table presents activity in the ACL for the period presented:

Six Months Ended June 30, 2025(dollars in thousands)CommercialReal EstateCommercial andIndustrialCommercialConstructionBusiness BankingConsumerReal EstateOtherConsumerTotal LoansAllowance for credit losses on loans:Balance at beginning of period$30,254 $37,084 $4,893 $10,681 $15,776 $2,806 $101,494 Provision for credit losses on loans(1)(54)(4,800)1,694 1,037 (47)387 (1,783)Charge-offs— (428)(119)(322)(552)(1,119)(2,540)Re