Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 43

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 43
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ated as Hedging Instruments830,871 48,493 850,104 60,890 830,871 48,865 850,104 61,271 Total Derivatives$830,871 $48,493 $850,104 $60,890 $1,280,871 $55,338 $1,350,104 $70,860 The following table indicates the gross amounts of interest rate swap derivative assets and derivative liabilities, the amounts offset and the carrying values in the Consolidated Balance Sheets at the dates presented:Derivative Assets(Included in Other Assets)Derivative Liabilities(Included in Other Liabilities)(dollars in thousands)March 31, 2025December 31, 2024March 31, 2025December 31, 2024Gross amounts recognized$48,493 $60,890 $55,338 $70,860 Gross amounts offset— — — — Net amounts presented in the Consolidated Balance Sheets48,493 60,890 55,338 70,860 Netting adjustments(1)(6,429)(8,317)(6,429)(8,317)Cash collateral(2)(42,064)(52,516)(595)(2,034)Net Amount$— $57 $48,314 $60,509 (1) Netting adjustments represent the amounts recorded to convert derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance.(2) Cash collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The application of the cash collateral cannot reduce the net derivative position below zero. Therefore, excess cash collateral, if any, is not reflected above.

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

The following table presents the effect, net of tax, of the cash flow hedges on Other Comprehensive Income (Loss), or OCI, and on the Condensed Consolidated Statements of Comprehensive Income for the periods presented:Amount of Gain (Loss) Recognized in Other Comprehensive IncomeAmount of Loss Reclassified from Accumulated Other Comprehensive Loss into Interest Income(dollars in thousands)Three months ended March 31, 2025Three months ended March 31