S&T Bancorp, Inc. | Page 1 of 3 | ||||||||||||||
2002 | 2003 | ||||||||||||||
March | June | September | December | March | June | June | June | ||||||||
For the period: | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 2003 | 2002 | |||||||
Interest Income | $36,251 | $36,672 | $37,843 | $40,394 | $39,318 | $38,722 | 78,040 | $72,923 | |||||||
Interest Expense | 14,473 | 14,147 | 13,826 | 13,854 | 12,924 | 12,380 | 25,304 | 28,620 | |||||||
Net Interest Income | 21,778 | 22,525 | 24,017 | 26,540 | 26,394 | 26,342 | 52,736 | 44,303 | |||||||
Taxable Equivalent Adjustment | 741 | 751 | 764 | 720 | 999 | 829 | 1,828 | 1,492 | |||||||
Net Interest Income (FTE) | 22,519 | 23,276 | 24,781 | 27,260 | 27,393 | 27,171 | 54,564 | 45,795 | |||||||
Provision For Loan Losses | 1,000 | 1,500 | 2,300 | 3,000 | 2,400 | 1,900 | 4,300 | 2,500 | |||||||
Net Interest Income | |||||||||||||||
After Provisions (FTE) | 21,519 | 21,776 | 22,481 | 24,260 | 24,993 | 25,271 | 50,264 | 43,295 | |||||||
Security Gains, Net | 1,752 | 1,722 | 2,168 | 1,428 | 1,005 | 1,206 | 2,211 | 3,474 | |||||||
Service Charges and Fees | 1,772 | 1,909 | 2,238 | 2,482 | 2,192 | 2,268 | 4,460 | 3,681 | |||||||
Wealth Management | 1,248 | 1,433 | 1,340 | 1,349 | 1,295 | 1,429 | 2,724 | 2,683 | |||||||
Insurance | 679 | 744 | 984 | 1,062 | 1,059 | 1,017 | 2,076 | 1,423 | |||||||
Other | 1,829 | 1,847 | 2,219 | 2,473 | 2,162 | 1,645 | 3,807 | 3,676 | |||||||
Total Other Income | 5,528 | 5,933 | 6,781 | 7,366 | 6,708 | 6,359 | 13,067 | 11,463 | |||||||
Salaries and Employee Benefits | 6,994 | 6,299 | 6,700 | 7,375 | 7,581 | 7,649 | 15,230 | 13,293 | |||||||
Occupancy and Equip. Expense, Net | 1,632 | 1,470 | 1,627 | 1,788 | 1,837 | 1,754 | 3,591 | 3,102 | |||||||
Data Processing Expense | 697 | 695 | 921 | 726 | 822 | 811 | 1,633 | 1,392 | |||||||
FDIC Expense | 71 | 70 | 68 | 80 | 81 | 76 | 157 | 141 | |||||||
Other | 3,084 | 3,449 | 3,945 | 4,073 | 3,861 | 3,698 | 7,559 | 6,534 | |||||||
Total Other Expense | 12,478 | 11,983 | 13,261 | 14,042 | 14,182 | 13,988 | 28,170 | 24,462 | |||||||
Income Before Taxes | 16,321 | 17,448 | 18,169 | 19,012 | 18,524 | 18,848 | 37,372 | 33,770 | |||||||
Taxable Equivalent Adjustment | 741 | 751 | 764 | 720 | 999 | 829 | 1,828 | 1,492 | |||||||
Applicable Income Taxes | 4,107 | 4,871 | 4,988 | 5,404 | 4,987 | 5,243 | 10,230 | 8,978 | |||||||
Net Income | $11,473 | $11,826 | $12,417 | $12,888 | $12,538 | $12,776 | $25,314 | $23,300 | |||||||
Per Common Share Data: | |||||||||||||||
Shares Outstanding | 26,520,979 | 26,639,003 | 26,510,409 | 26,584,609 | 26,323,013 | 26,383,419 | 26,383,419 | 26,639,003 | |||||||
Average Shares Outstanding - Diluted | 26,742,806 | 26,826,265 | 26,808,027 | 26,759,655 | 26,722,098 | 26,613,859 | 26,667,535 | 26,784,664 | |||||||
Net Income - Diluted | $0.43 | $0.44 | $0.46 | $0.48 | $0.47 | $0.48 | $0.95 | $0.87 | |||||||
Dividends Declared | $0.24 | $0.24 | $0.24 | $0.25 | $0.25 | $0.25 | $0.50 | $0.48 | |||||||
Book Value | $11.03 | $11.25 | $11.26 | $11.51 | $11.56 | $12.10 | $12.10 | $11.25 | |||||||
Market Value | $25.45 | $27.00 | $25.18 | $25.05 | $25.57 | $27.44 | $27.44 | $27.00 |
S&T Bancorp, Inc. | Page 2 of 3 | |||||||||||
2002 | 2003 | |||||||||||
March | June | September | December | March | June | |||||||
Asset Quality Data | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | ||||||
Nonaccrual Loans/Nonperforming Loans | $7,653 | $6,248 | $9,075 | $5,831 | $10,828 | $8,557 | ||||||
Assets acquired through foreclosure | ||||||||||||
Or repossession | 2,166 | 2,431 | 365 | 2,188 | 2,362 | 2,327 | ||||||
Nonperforming Assets | 9,819 | 8,679 | 9,440 | 8,019 | 13,190 | 10,884 | ||||||
Loan Loss Reserve | 27,853 | 28,389 | 29,498 | 30,138 | 29,837 | 31,483 | ||||||
Nonperforming Loans / Loans | 0.47% | 0.37% | 0.46% | 0.29% | 0.53% | 0.42% | ||||||
Loan Loss Reserve / Loans | 1.72% | 1.68% | 1.49% | 1.51% | 1.47% | 1.55% | ||||||
Loan Loss Reserve / | ||||||||||||
Nonperforming Loans | 364% | 454% | 325% | 517% | 276% | 368% | ||||||
Net Loan Charge-offs (Recoveries) | 73 | 964 | 2,612 | 2,360 | 2,701 | 254 | ||||||
Net Loan Charge-offs (Recoveries) |
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Balance Sheet (Period-End) | ||||||||||||
Assets | $2,362,616 | $2,425,854 | $2,776,968 | $2,823,867 | $2,855,658 | $2,915,039 | ||||||
Earning Assets | 2,250,353 | 2,304,803 | 2,587,497 | 2,640,056 | 2,665,433 | 2,721,743 | ||||||
Securities | 632,594 | 615,114 | 606,440 | 641,164 | 641,206 | 688,315 | ||||||
Loans, Gross | 1,617,759 | 1,689,688 | 1,981,057 | 1,998,893 | 2,024,227 | 2,033,428 | ||||||
Total Deposits | 1,602,308 | 1,636,266 | 1,931,458 | 1,926,119 | 1,947,249 | 1,927,035 | ||||||
Non-Interest Bearing Deposits | 261,622 | 273,317 | 327,659 | 330,160 | 344,010 | 354,701 | ||||||
NOW, Money Market & Savings | 608,743 | 619,661 | 768,447 | 768,395 | 781,690 | 786,225 | ||||||
CD's $100,000 and over | 114,774 | 130,260 | 172,364 | 170,862 | 167,170 | 148,200 | ||||||
Other Time Deposits | 617,169 | 613,028 | 662,988 | 656,702 | 654,380 | 637,909 | ||||||
Short-term borrowings | 168,436 | 189,452 | 252,551 | 319,388 | 302,680 | 339,930 | ||||||
Long-term Debt | 251,224 | 256,225 | 211,663 | 211,656 | 242,191 | 267,195 | ||||||
Shareholder's Equity | 292,597 | 299,709 | 298,605 | 306,114 | 304,312 | 319,342 | ||||||
Balance Sheet (Daily Averages) | ||||||||||||
Assets | $2,330,748 | $2,396,788 | $2,510,549 | $2,770,040 | $2,823,664 | $2,850,083 | ||||||
Earning Assets | 2,219,018 | 2,282,788 | 2,381,942 | 2,597,926 | 2,644,725 | 2,669,664 | ||||||
Securities | 597,891 | 629,040 | 611,682 | 610,455 | 636,110 | 646,589 | ||||||
Loans, Gross | 1,620,521 | 1,653,663 | 1,770,260 | 1,987,472 | 2,008,616 | 2,023,006 | ||||||
Deposits | 1,598,061 | 1,624,978 | 1,711,484 | 1,919,195 | 1,916,768 | 1,921,525 | ||||||
Shareholder's Equity | 294,636 | 299,290 | 302,809 | 306,368 | 310,165 | 316,613 |
S&T Bancorp, Inc. | Page 3 of 3 | |||||||||||||||
2002 | 2003 | Year-to-date | ||||||||||||||
March | June | September | December | March | June | June | June | |||||||||
Profitability Ratios (annualized) | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 2003 | 2002 | ||||||||
Return on Average Assets | 2.00% | 1.98% | 1.96% | 1.85% | 1.80% | 1.80% | 1.80% | 1.99% | ||||||||
Return on Average Shareholder's Equity | 15.79% | 15.85% | 16.27% | 16.69% | 16.39% | 16.18% | 16.29% | 15.82% | ||||||||
Yield on Earning Assets (FTE) | 6.76% | 6.58% | 6.44% | 6.32% | 6.20% | 5.96% | 6.08% | 6.67% | ||||||||
Cost of Interest Bearing Funds | 3.37% | 3.18% | 2.95% | 2.68% | 2.49% | 2.35% | 2.42% | 3.27% | ||||||||
Net Interest Margin (FTE)(4) | 4.12% | 4.09% | 4.13% | 4.16% | 4.20% | 4.08% | 4.14% | 4.10% | ||||||||
Efficiency Ratio (FTE)(1) | 44.49% | 41.03% | 42.02% | 40.55% | 41.59% | 41.72% | 41.65% | 42.72% | ||||||||
Capitalization Ratios | ||||||||||||||||
Dividends Paid to Net Income | 55.89% | 53.82% | 51.48% | 49.37% | 53.01% | 51.65% | ||||||||||
Shareholder's Equity to Assets (Period End) | 12.38% | 12.35% | 10.75% | 10.84% | 10.66% | 10.95% | ||||||||||
Leverage Ratio (2) | 11.03% | 11.18% | 8.87% | 8.42% | 8.13% | 8.50% | ||||||||||
Risk Based Capital - Tier I (3) | 12.78% | 12.93% | 9.77% | 9.89% | 9.90% | 10.11% | ||||||||||
Risk Based Capital - Tier II (3) | 14.98% | 14.92% | 11.45% | 11.57% | 11.56% | 11.90% | ||||||||||
Other Data | ||||||||||||||||
Shareholders of Record | 3,147 | 3,127 | 3,129 | 3,103 | 3,106 | 3,125 | ||||||||||
Number of Banking Offices | 40 | 40 | 47 | 46 | 46 | 46 | ||||||||||
Definitions: (1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. |