Company: STBA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000719220-25-000091
Chunk: 42

Company: S&T BANCORP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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785)Amount of Gain Recognized in Other Comprehensive IncomeAmount of Loss Reclassified from Accumulated Other Comprehensive Loss into Interest Income(dollars in thousands)Nine months ended September 30, 2025Nine months ended September 30, 2024Nine months ended September 30, 2025Nine months ended September 30, 2024Derivatives in Cash Flow Hedging Relationships:Interest rate swap contracts - cash flow hedges$5,016 $6,018 $(4,625)$(8,386)Total$5,016 $6,018 $(4,625)$(8,386) Amounts reported in OCI related to derivatives that are designated as hedging instruments are reclassified to interest income as interest payments are received on variable rate assets. During the next twelve months, we estimate that an additional $2.9 million will be reclassified as a decrease to interest income. Our current interest rate swap agreements have three to five year terms with maturity dates extending into 2027.The following table indicates the gain recognized in income on derivatives not designated as hedging instruments for the periods presented:Three Months Ended September 30,Nine Months Ended September 30,(dollars in thousands)2025202420252024Derivatives not Designated as Hedging InstrumentsInterest rate swap contracts—commercial loans$53 $8 $147 $90 Interest rate lock commitments—mortgage loans19 64 19 64 Total Derivatives Gain$72 $72 $166 $154 

NOTE 7. TAX CREDIT EQUITY INVESTMENTS

As part of our responsibilities under the Community Reinvestment Act and due to their favorable federal income tax benefits, we invest in low-income-housing tax credit, or LIHTC, and historic tax credit, or HTC, partnerships. As a limited partner in these operating partnerships, we receive tax credits and tax deductions for losses incurred by the underlying properties. No impairment losses were recognized for the three and nine months ended September 30, 2025 and 2024.

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

The following table presents the balances included in the Consolidated Balance Sheets as of the dates presented:(dollars in thousands)September 30, 2025December 31, 2024Tax credit equity investment(1)$36,