Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 65

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 in nonaccrual status when collection of interest or principal is doubtful, or generally when interest or principal payments are 90 days or more past the contractual due date. Nonaccrual loans decreased $5.6 million to $22.3 million at March 31, 2025 compared to $27.9 million at December 31, 2024. The decrease in nonaccrual loans was primarily due to the partial pay-off of the $10.7 million C&I relationship mentioned above.

34

Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Deposits

Deposits are our primary source of funds. The following table presents the mix of deposits as of the dates presented:

March 31, 2025December 31, 2024(dollars in thousands)Amount% of DepositsAmount% of Deposits$ Change% ChangePersonal$4,674,337 59.2 %$4,533,149 58.2 %$141,188 3.1 %Business2,619,202 33.2 %2,679,191 34.4 %(59,989)(2.2)%Public funds399,026 5.1 %345,512 4.5 %53,514 15.5 %Brokered200,368 2.5 %225,265 2.9 %(24,897)(11.1)%Total Deposits$7,892,933 100.0 %$7,783,117 100.0 %$109,816 1.4 %

The following table presents the composition of deposits for the periods presented:

(dollars in thousands)March 31, 2025December 31, 2024$ ChangeCustomer DepositsNoninterest-bearing demand$2,164,491 $2,185,242 $(20,751)Interest-bearing demand809,722 812,768 (3,046)Money market2,059,713 1,939,980 119,733 Savings886,007 877,859 8,148 Certificates of deposit1,772,632 1,742,003 30,629 Total Customer Deposits7,692,