Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 95

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 95
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. The decrease in the ACL was partially offset by a $1.2 million increase in our quantitative reserve due to loan growth and downgrades in our C&I portfolio and a $0.5 million increase in our qualitative reserve and forecast due to the concerns in the economic environment. 

 Substandard loans increased $6.9 million to $116.7 million at March 31, 2025 compared to $109.8 million at December 31, 2024. The increase in substandard loans was primarily due to the downgrade of a $10.5 million C&I relationship which was partially offset by loan payoffs. Special mention loans decreased $3.0 million to $95.9 million at March 31, 2025 compared to $98.9 million at December 31, 2024 primarily due to loan payoffs.

Nonperforming assets, or NPAs, consist of nonaccrual loans and OREO. The following represents NPAs as of the dates presented:

(dollars in thousands)March 31, 2025December 31, 2024$ ChangeNonaccrual Loans Commercial real estate$3,441 $4,173 $(732)Commercial and industrial6,749 12,570 (5,821)Commercial construction1,006 — 1,006 Consumer real estate10,925 10,964 (39)Other Consumer218 230 (12)Total Nonaccrual Loans22,339 27,937 (5,598)OREO29 8 21 Total Nonperforming Assets$22,368 $27,945 $(5,577)Asset Quality Ratios:Nonaccrual loans as a percent of total portfolio loans0.29 %0.36 %(0.07)%Nonperforming assets as a percent of total portfolio loans plus OREO0.29 %0.36 %(0.07)%

Our policy is to place loans in all categories 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 $