Company: STBA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000719220-25-000028
Chunk: 67

Company: S&T BANCORP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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Long-term borrowings50,876 50,896 (20)Junior subordinated debt securities49,433 49,418 15 Total Borrowings$195,309 $250,314 $(55,005)

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Table of ContentsS&T BANCORP, INC. AND SUBSIDIARIESItem 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Information pertaining to short-term borrowings is summarized in the table below for the three months ended March 31, 2025 and for the twelve months ended December 31, 2024.

Short-Term Borrowings(dollars in thousands)March 31, 2025December 31, 2024Balance at the period end$95,000 $150,000 Average balance during the period$117,721 $257,524 Average interest rate during the period4.63 %5.12 %Maximum month-end balance during the period$125,000 $465,000 Average interest rate at the period end4.52 %4.60 %

Information pertaining to long-term borrowings and junior subordinated debt securities is summarized in the tables below for the three months ended March 31, 2025 and for the twelve months ended December 31, 2024.

Long-Term Borrowings(dollars in thousands)March 31, 2025December 31, 2024Balance at the period end$50,876 $50,896 Average balance during the period$50,886 $46,306 Average interest rate during the period3.80 %4.24 %Maximum month-end balance during the period$50,890 $64,015 Average interest rate at the period end3.75 %3.75 %Junior Subordinated Debt Securities(dollars in thousands)March 31, 2025December 31, 2024Balance at the period end$49,433 $49,418 Average balance during the period$49,423 $49,386 Average interest rate during the period7.17 %8.05 %Maximum month-end balance during the period$49,433 $49,418 Average interest rate at the period end6.89 %6.96 %

 Liquidity and Capital Resources

Liquidity is defined as a financial institution’s ability to meet its cash and