S&T Bancorp, Inc. | Page 1 of 3 | |||||||||
2000 | 2001 | Year-to-date | ||||||||
March | June | September | December | March | June | September | December | December | December | |
For the period: | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 2001 | 2000 |
Interest Income (FTE) | $42,665 | $43,979 | $46,117 | $46,527 | $44,911 | $43,735 | $41,792 | $39,202 | $169,640 | $179,287 |
Interest Expense | 19,866 | 21,043 | 22,442 | 22,790 | 21,560 | 20,272 | 18,640 | 16,241 | 76,713 | 86,139 |
Net Interest Income (FTE) | 22,799 | 22,936 | 23,675 | 23,737 | 23,351 | 23,463 | 23,152 | 22,961 | 92,927 | 93,148 |
Provisions For Loan Losses | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 | 850 | 1,150 | 5,000 | 4,000 |
Net Interest Income | ||||||||||
After Provisions (FTE) | 21,799 | 21,936 | 22,675 | 22,737 | 22,351 | 21,463 | 22,302 | 21,811 | 87,927 | 89,148 |
Securities Gains, Net | 895 | 569 | 961 | 836 | 1,424 | 2,499 | 4,268 | 1,499 | 9,690 | 3,260 |
Service Charges and Fees | 1,490 | 1,710 | 1,787 | 1,823 | 1,715 | 1,765 | 1,888 | 1,932 | 7,300 | 6,810 |
Wealth Management | 1,087 | 1,174 | 1,074 | 1,195 | 1,299 | 1,268 | 1,128 | 1,249 | 4,944 | 4,531 |
Other | 1,784 | 2,025 | 1,895 | 1,850 | 2,010 | 2,256 | 2,432 | 2,598 | 9,296 | 7,553 |
Total Other Income | 4,361 | 4,910 | 4,756 | 4,868 | 5,024 | 5,289 | 5,448 | 5,779 | 21,540 | 18,894 |
Salaries and Employee Benefits | 5,997 | 5,862 | 5,967 | 5,640 | 6,436 | 6,129 | 6,251 | 6,282 | 25,098 | 23,466 |
Occupancy and Equip. Expense, Net | 1,422 | 1,366 | 1,419 | 1,489 | 1,512 | 1,578 | 1,544 | 1,418 | 6,052 | 5,696 |
Data Processing Expense | 620 | 647 | 572 | 634 | 641 | 677 | 677 | 638 | 2,632 | 2,473 |
FDIC Expense | 74 | 73 | 74 | 73 | 72 | 71 | 72 | 72 | 287 | 294 |
Other | 3,199 | 3,228 | 3,698 | 3,602 | 3,029 | 3,337 | 3,236 | 3,300 | 12,903 | 13,730 |
Total Other Expense | 11,312 | 11,177 | 11,730 | 11,438 | 11,690 | 11,792 | 11,780 | 11,710 | 46,972 | 45,659 |
Income Before Taxes and Extraordinary Item | 15,743 | 16,237 | 16,662 | 17,003 | 17,109 | 17,459 | 20,238 | 17,379 | 72,185 | 65,643 |
Taxable Equivalent Adjustment | 766 | 764 | 790 | 787 | 734 | 738 | 730 | 736 | 2,938 | 3,104 |
Applicable Income Taxes | 4,190 | 4,331 | 4,459 | 4,586 | 4,725 | 4,799 | 5,763 | 4,775 | 20,062 | 17,566 |
Net Income before Extraordinary Item | 10,787 | 11,143 | 11,413 | 11,630 | 11,650 | 11,922 | 13,745 | 11,868 | 49,185 | 44,973 |
Extraordinary Item (after-tax) | 0 | 0 | 0 | 0 | 0 | 0 | 1,887 | 0 | 1,887 | 0 |
Net Income | $10,787 | $11,143 | $11,413 | $11,630 | $11,650 | $11,922 | $11,858 | $11,868 | $47,298 | $44,973 |
Per Common Share Data: | ||||||||||
Shares Outstanding | 27,000,042 | 26,985,902 | 26,985,512 | 26,947,412 | 26,960,118 | 26,893,489 | 26,776,579 | 26,646,179 | 26,646,179 | 26,947,412 |
Average Shares Outstanding - Diluted | 27,092,954 | 27,070,613 | 27,071,143 | 27,061,281 | 27,120,228 | 27,092,674 | 27,080,643 | 26,912,388 | 27,051,060 | 27,073,945 |
Net Income - Diluted before Extraordinary Item | $0.40 | $0.41 | $0.42 | $0.43 | $0.43 | $0.44 | $0.51 | $0.44 | $1.82 | $1.66 |
Net Income - Diluted after Extraordinary Item | $0.40 | $0.41 | $0.42 | $0.43 | $0.43 | $0.44 | $0.44 | $0.44 | $1.75 | $1.66 |
Dividends Declared | $0.20 | $0.21 | $0.21 | $0.22 | $0.22 | $0.23 | $0.23 | $0.24 | $0.92 | $0.84 |
Book Value | $8.96 | $9.19 | $9.81 | $10.28 | $10.56 | $10.82 | $10.88 | $11.01 | $11.01 | $10.28 |
Market Value | $17.13 | $18.25 | $19.00 | $21.63 | $23.14 | $25.11 | $23.40 | $24.28 | $24.28 | $21.63 |
S&T Bancorp, Inc. | Page 2 of 3 | |||||||
2000 | 2001 | |||||||
March | June | September | December | March | June | September | December | |
Asset Quality Data: | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q |
Nonaccrual Loans/Nonperforming Loans | $8,283 | $12,437 | $7,848 | $2,897 | $3,691 | $7,840 | $11,603 | $8,253 |
Assets acquired through foreclosure | ||||||||
or repossession | 360 | 403 | 339 | 548 | 546 | 541 | 443 | 1,711 |
Nonperforming Assets | 8,643 | 12,840 | 8,187 | 3,445 | 4,237 | 8,381 | 12,046 | 9,964 |
Loan Loss Reserve | 29,410 | 29,892 | 30,030 | 27,395 | 27,993 | 28,451 | 28,764 | 26,926 |
Nonperforming Loans / Loans | 0.55% | 0.80% | 0.49% | 0.18% | 0.23% | 0.48% | 0.71% | 0.50% |
Loan Loss Reserve / Loans | 1.95% | 1.92% | 1.88% | 1.71% | 1.71% | 1.73% | 1.75% | 1.64% |
Loan Loss Reserve / | ||||||||
Nonperforming Loans | 355% | 240% | 383% | 946% | 758% | 363% | 248% | 326% |
Net Loan Charge-offs (Recoveries) | (1,276) | 517 | 863 | 3,635 | 402 | 1,542 | 537 | 2,988 |
Net Loan Charge-offs (Recoveries) | ||||||||
(annualized) /Average Loans | -0.34% | 0.14% | 0.22% | 0.90% | 0.10% | 0.38% | 0.13% | 0.72% |
Balance Sheet (Period-End): | ||||||||
Assets | $2,233,108 | $2,290,409 | $2,296,267 | $2,310,290 | $2,354,398 | $2,363,970 | $2,294,868 | $2,357,874 |
Earning Assets (1) | 2,105,152 | 2,160,577 | 2,146,881 | 2,142,587 | 2,185,844 | 2,195,954 | 2,131,929 | 2,176,629 |
Securities (1) | 547,690 | 555,625 | 552,545 | 530,909 | 493,835 | 512,338 | 489,766 | 533,861 |
Loans, Gross | 1,509,096 | 1,558,892 | 1,594,336 | 1,605,023 | 1,638,184 | 1,649,041 | 1,642,163 | 1,642,768 |
Total Deposits | 1,471,893 | 1,484,229 | 1,494,064 | 1,525,332 | 1,567,006 | 1,595,572 | 1,596,400 | 1,611,317 |
Non-Interest Bearing Deposits | 224,295 | 228,651 | 234,519 | 232,625 | 228,958 | 236,340 | 240,157 | 257,694 |
NOW, Money Market & Savings | 580,990 | 572,001 | 569,174 | 576,361 | 598,199 | 604,690 | 583,849 | 604,872 |
CD's $100,000 and over | 103,643 | 105,863 | 114,026 | 123,299 | 132,198 | 127,162 | 132,309 | 116,523 |
Other Time Deposits | 562,965 | 577,714 | 576,345 | 593,047 | 607,651 | 627,380 | 640,085 | 632,227 |
Short-term borrowings | 87,895 | 91,389 | 106,933 | 80,686 | 66,670 | 70,058 | 76,630 | 152,282 |
Long-term Debt | 389,109 | 427,139 | 384,868 | 377,997 | 378,227 | 353,456 | 281,256 | 251,225 |
Shareholder's Equity | 241,929 | 247,915 | 264,807 | 277,097 | 284,627 | 290,906 | 291,349 | 293,327 |
Balance Sheet (Daily Averages): | ||||||||
Assets | $2,192,311 | $2,239,178 | $2,276,239 | $2,300,826 | $2,311,571 | $2,355,230 | $2,336,508 | $2,325,582 |
Earning Assets (1) | 2,070,061 | 2,113,351 | 2,140,779 | 2,152,056 | 2,148,007 | 2,188,529 | 2,171,864 | 2,164,272 |
Securities (1) | 549,814 | 550,513 | 551,750 | 543,332 | 500,196 | 492,951 | 492,956 | 515,276 |
Loans, Gross | 1,504,126 | 1,530,954 | 1,560,713 | 1,599,305 | 1,620,031 | 1,648,775 | 1,643,499 | 1,647,140 |
Deposits | 1,444,314 | 1,477,065 | 1,482,129 | 1,500,831 | 1,531,354 | 1,578,771 | 1,597,007 | 1,598,356 |
Shareholder's Equity | 239,833 | 248,510 | 260,323 | 273,805 | 285,041 | 291,984 | 294,918 | 296,085 |
(1) Excludes unrealized gains related to securities available for sale. |
S&T Bancorp, Inc. | Page 3 of 3 | |||||||||
2000 | 2001 | Year-to-date | ||||||||
March | June | September | December | March | June | September | December | December | December | |
Profitability Ratios (annualized): | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 2001 | 2000 |
Return on Average Assets | 1.98% | 2.00% | 1.99% | 2.01% | 2.04% | 2.03% | 2.01% | 2.02% | 2.03% | 2.00% |
Return on Average Shareholder's Equity | 18.09% | 18.03% | 17.44% | 16.90% | 16.58% | 16.38% | 15.95% | 15.90% | 16.19% | 17.70% |
Yield on Earning Assets (FTE) | 8.29% | 8.37% | 8.57% | 8.60% | 8.48% | 8.02% | 7.63% | 7.19% | 7.82% | 8.46% |
Cost of Interest Bearing Funds | 4.68% | 4.89% | 5.09% | 5.15% | 4.98% | 4.56% | 4.22% | 3.70% | 4.36% | 4.95% |
Net Interest Margin (FTE) | 4.43% | 4.37% | 4.40% | 4.39% | 4.41% | 4.30% | 4.23% | 4.21% | 4.29% | 4.40% |
Efficiency Ratio (FTE)(1) | 41.65% | 40.14% | 41.26% | 39.99% | 41.20% | 41.01% | 41.19% | 40.74% | 41.04% | 40.75% |
Capitalization Ratios: | ||||||||||
Dividends Paid to Net Income | 50.02% | 48.46% | 49.66% | 50.97% | 50.89% | 49.77% | 52.16% | 51.89% | ||
Shareholder's Equity to Assets (Period End) | 10.83% | 10.82% | 11.53% | 11.99% | 12.09% | 12.31% | 12.70% | 12.44% | ||
Leverage Ratio (2) | 10.18% | 10.21% | 10.30% | 10.41% | 10.62% | 10.61% | 10.83% | 10.98% | ||
Risk Based Capital - Tier I (3) | 12.24% | 12.19% | 12.23% | 12.28% | 12.28% | 12.34% | 12.78% | 12.69% | ||
Risk Based Capital - Tier II (3) | 14.28% | 14.22% | 14.53% | 14.61% | 14.52% | 14.69% | 14.92% | 14.89% | ||
Other Data: | ||||||||||
Shareholders of Record | 3,189 | 3,202 | 3,179 | 3,183 | 3,174 | 3,171 | 3,174 | 3,193 | ||
Number of Banking Offices | 38 | 38 | 39 | 39 | 39 | 39 | 40 | 40 | ||
Definitions: | ||||||||||
(1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. | ||||||||||