Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 64

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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26 percent of total portfolio loans, at March 31, 2025 compared to $101.5 million, or 1.31 percent of total portfolio loans, at December 31, 2024. The decrease in the ACL is due to a reduction in specific reserves for loans individually evaluated related to the partial pay-off of a $10.7 million C&I relationship that went nonperforming during the three months ended December 31, 2024. 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