Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 68

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 68
---
.5 million, or 1.31 percent of total portfolio loans, at December 31, 2024. The decrease of $2.9 million in the ACL was primarily due to a reduction in specific reserves for loans individually evaluated related to the partial pay-off in 2025 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 $0.9 million increase in our quantitative reserve primarily due to loan growth. 

 Substandard and special mention loans remain relatively stable at June 30, 2025 following significant reductions during 2024. Substandard loans were $113.9 million at June 30, 2025 compared to $109.8 million at December 31, 2024. Special mention loans were $99.4 million at June 30, 2025 compared to $98.9 million at December 31, 2024.

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

(dollars in thousands)June 30, 2025December 31, 2024$ ChangeNonaccrual Loans Commercial real estate$3,967 $4,173 $(206)Commercial and industrial5,459 12,570 (7,111)Commercial construction869 — 869 Consumer real estate10,832 10,964 (132)Other Consumer185 230 (45)Total Nonaccrual Loans21,312 27,937 (6,625)OREO— 8 (8)Total Nonperforming Assets$21,312 $27,945 $(6,633)Asset Quality Ratios:Nonaccrual loans as a percent of total portfolio loans0.27 %0.36 %(0.09)%Nonperforming assets as a percent of total portfolio loans plus OREO0.27 %0.36 %(0.09)%

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 $6.6 million to $21.3 million at June 30, 2025 compared to $27.9 million