Company: STBA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000719220-25-000053
Chunk: 105

Company: S&T BANCORP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 105
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,920,920 100.0 %$7,783,117 100.0 %$137,803 1.8 %

The following table presents the composition of deposits for the periods presented:

(dollars in thousands)June 30, 2025December 31, 2024$ ChangeCustomer DepositsNoninterest-bearing demand$2,182,346 $2,185,242 $(2,896)Interest-bearing demand738,251 812,768 (74,517)Money market2,055,826 1,939,980 115,846 Savings879,254 877,859 1,395 Certificates of deposit1,864,771 1,742,003 122,768 Total Customer Deposits7,720,448 7,557,852 162,596 Brokered DepositsMoney market180,472 100,305 80,167 Certificates of deposit20,000 124,960 (104,960)Total Brokered Deposits200,472 225,265 (24,793)Total Deposits$7,920,920 $7,783,117 $137,803 

 Total deposits increased $137.8 million, or 1.8 percent, at June 30, 2025 compared to December 31, 2024. Customer deposits increased $162.6 million, or 2.2 percent compared to December 31, 2024. Total brokered deposits decreased $24.8 million from December 31, 2024 due to growth in customer deposits. Brokered deposits are an additional source of funds utilized by ALCO as a way to diversify funding sources, as well as manage our funding costs and structure.

As a member of the IntraFi network, we are able to offer our customers insurance coverage on interest-bearing demand, money market and certificates of deposit balances in excess of the FDIC insurance limits. IntraFi balances were $292.2 million at June 30, 2025 compared to $324.8 million at December 31, 2024. 

We had total uninsured deposits of $2.7 billion, or 34.1 percent of our total deposit base, at June 30, 2025 compared to $2.6 billion, or 33.5 percent of our total deposit base, at December 31, 2024.

Borrowings