Company: STBA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000719220-25-000013
Chunk: 89

Company: S&T BANCORP INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 89
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 rates847,944 1,832,862 816,963 88,751 3,586,520 Total Commercial Loans$1,083,855 $2,806,056 $1,292,014 $99,375 $5,281,300 Fixed interest rates$60,026 $220,120 $493,230 $501,376 $1,274,752 Variable interest rates57,984 187,772 539,672 401,478 1,186,906 Total Consumer Loans$118,010 $407,892 $1,032,902 $902,854 $2,461,658 Total Portfolio Loans$1,201,865 $3,213,948 $2,324,916 $1,002,229 $7,742,958 

Off-Balance Sheet Arrangements

In the normal course of business, we offer off-balance sheet credit arrangements to enable our customers to meet their financing objectives. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the financial statements. Our exposure to credit loss, in the event the customer does not satisfy the terms of the agreement, equals the contractual amount of the obligation less the value of any collateral. We apply the same credit policies in making commitments and standby letters of credit that are used for the underwriting of loans to customers. Commitments generally have fixed expiration dates, annual renewals or other termination clauses and may require payment of a fee. Many of the commitments are expected to expire without being drawn upon, therefore, the total commitment amounts do not necessarily represent future cash requirements. 

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 7.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following table sets forth our commitments and letters of credit as of the dates presented:

December 31,(dollars in thousands)20242023Commitments to extend credit$2,382,847 $2,566,154 Standby letters of credit69,558 61,889 Total$2,452,405 $2,628,043 

See Note 16. Commitments and Contingencies in Part II, Item 8. Financial Statements and Supplementary Data of this Report for details on the allowance