Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 19

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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176 — — 1,176 Total Securities Available for Sale93,944 893,647 — 987,591 Securities held in a deferred compensation plan10,876 — — 10,876 Derivative financial assets:Interest rate swap contracts - commercial loans— 60,890 — 60,890 Total Assets$104,820 $954,537 $— $1,059,357 LIABILITIESDerivative financial liabilities:Interest rate swap contracts - commercial loans$— $61,271 $— $61,271 Interest rate swap contracts - cash flow hedge— 9,589 — 9,589 Total Liabilities$— $70,860 $— $70,860 

10

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

Assets Recorded at Fair Value on a Nonrecurring BasisWe may be required to measure certain assets and liabilities at fair value on a nonrecurring basis. Nonrecurring assets are recorded at the lower of cost or fair value in our consolidated financial statements. There were no liabilities measured at fair value on a nonrecurring basis at both June 30, 2025 and December 31, 2024. There were no assets measured at fair value on a nonrecurring basis as of June 30, 2025. As of December 31, 2024, 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 judgement.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 June 30, 2025(dollars in thousands)TotalLevel 1Level 2Level