S&T Bancorp, Inc. | Page 1 of 3 | ||||||||
2003 | 2004 | ||||||||
| March | June | September | December | March | ||||
Interest Income | $39,318 | $38,722 | $36,909 | $36,511 | 35,596 | ||||
Interest Expense | 12,924 | 12,380 | 11,439 | 10,323 | 9,506 | ||||
Net Interest Income | 26,394 | 26,342 | 25,470 | 26,188 | 26,090 | ||||
Taxable Equivalent Adjustment | 999 | 829 | 915 | 930 | 920 | ||||
Net Interest Income (FTE) | 27,393 | 27,171 | 26,385 | 27,118 | 27,010 | ||||
Provision For Loan Losses | 2,400 | 1,900 | 1,500 | 1,500 | 1,500 | ||||
Net Interest Income |
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Security Gains, Net | 1,005 | 1,206 | 1,099 | 4,748 | 1,520 | ||||
Service Charges and Fees | 2,192 | 2,268 | 2,335 | 2,457 | 2,232 | ||||
Wealth Management | 1,295 | 1,429 | 1,326 | 1,360 | 1,517 | ||||
Insurance | 1,059 | 1,017 | 1,071 | 1,130 | 1,076 | ||||
Other | 2,162 | 1,645 | 3,426 | 1,974 | 2,048 | ||||
Total Other Income | 6,708 | 6,359 | 8,158 | 6,921 | 6,873 | ||||
Salaries and Employee Benefits | 7,581 | 7,649 | 8,100 | 8,215 | 8,292 | ||||
Occupancy and Equip. Expense, Net | 1,837 | 1,754 | 1,556 | 1,660 | 1,720 | ||||
Data Processing Expense | 822 | 811 | 956 | 877 | 999 | ||||
FDIC Expense | 81 | 76 | 76 | 72 | 73 | ||||
Other | 3,861 | 3,698 | 4,011 | 6,965 | 3,653 | ||||
Total Other Expense | 14,182 | 13,988 | 14,699 | 17,789 | 14,737 | ||||
Income Before Taxes | 18,524 | 18,848 | 19,443 | 19,498 | 19,166 | ||||
Taxable Equivalent Adjustment | 999 | 829 | 915 | 930 | 920 | ||||
Applicable Income Taxes | 4,987 | 5,243 | 5,251 | 5,382 | 5,290 | ||||
Net Income | $12,538 | $12,776 | $13,277 | $13,186 | $12,956 | ||||
Per Common Share Data: | |||||||||
Shares Outstanding at End of Period | 26,323,013 | 26,383,419 | 26,483,219 | 26,652,411 | 26,619,399 | ||||
Average Shares Outstanding - Diluted | 26,722,098 | 26,613,859 | 26,711,496 | 26,846,050 | 26,950,542 | ||||
Net Income - Diluted | $0.47 | $0.48 | $0.50 | $0.49 | $0.48 | ||||
Dividends Declared | $0.25 | $0.25 | $0.26 | $0.26 | $0.26 | ||||
Book Value | $11.56 | $12.10 | $12.12 | $12.48 | $12.74 | ||||
Market Value | $25.57 | $27.44 | $28.50 | $29.80 | $30.06 |
S&T Bancorp, Inc. | Page 2 of 3 | ||||||||
2003 | 2004 | ||||||||
| March | June | September | December | March | ||||
Nonaccrual Loans and Nonperforming Loans | $10,828 | $8,557 | $9,656 | $9,120 | $12,465 | ||||
Assets acquired through foreclosure |
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Nonperforming Assets | 13,190 | 10,884 | 12,076 | 11,483 | 14,752 | ||||
Allowance for Loan Losses | 29,837 | 31,483 | 31,714 | 31,478 | 32,658 | ||||
Nonperforming Loans / Loans | 0.53% | 0.42% | 0.47% | 0.43% | 0.57% | ||||
Allowance for Loan Losses / Loans | 1.47% | 1.55% | 1.54% | 1.50% | 1.50% | ||||
Allowance for Loan Losses / |
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Net Loan Charge-offs | 2,701 | 254 | 1,269 | 1,736 | 320 | ||||
Net Loan Charge-offs (annualized) / |
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Balance Sheet (Period-End) | |||||||||
Assets | $2,855,658 | $2,915,039 | $2,858,678 | $2,900,272 | $2,956,404 | ||||
Earning Assets | 2,665,433 | 2,721,743 | 2,681,074 | 2,711,702 | 2,776,693 | ||||
Securities | 641,206 | 688,315 | 625,872 | 611,083 | 592,761 | ||||
Loans, Gross | 2,024,227 | 2,033,428 | 2,055,202 | 2,100,620 | 2,183,931 | ||||
Total Deposits | 1,947,249 | 1,927,035 | 1,937,201 | 1,962,253 | 1,977,330 | ||||
Non-Interest Bearing Deposits | 344,010 | 354,701 | 371,413 | 382,364 | 382,110 | ||||
NOW, Money Market & Savings | 781,690 | 786,225 | 778,985 | 766,031 | 756,965 | ||||
CD's $100,000 and over | 167,170 | 148,200 | 147,697 | 162,925 | 176,512 | ||||
Other Time Deposits | 654,380 | 637,909 | 639,106 | 650,933 | 661,743 | ||||
Short-term borrowings | 302,680 | 339,930 | 327,824 | 432,020 | 463,000 | ||||
Long-term Debt | 242,191 | 267,195 | 217,192 | 116,891 | 116,890 | ||||
Shareholder's Equity | 304,312 | 319,342 | 320,936 | 332,718 | 339,095 | ||||
Balance Sheet (Daily Averages) | |||||||||
Assets | $2,823,664 | $2,850,083 | $2,888,415 | $2,854,065 | $2,908,794 | ||||
Earning Assets | 2,644,725 | 2,669,664 | 2,702,768 | 2,678,336 | 2,732,315 | ||||
Securities | 636,110 | 646,589 | 658,505 | 616,146 | 597,845 | ||||
Loans, Gross | 2,008,616 | 2,023,006 | 2,044,174 | 2,062,191 | 2,134,470 | ||||
Deposits | 1,916,768 | 1,921,525 | 1,927,257 | 1,925,773 | 1,955,025 | ||||
Shareholder's Equity | 310,165 | 316,613 | 320,116 | 328,821 | 341,835 |
S&T Bancorp, Inc. | Page 3 of 3 | ||||||||
2003 | 2004 | ||||||||
| March | June | September | December | March | ||||
Return on Average Assets | 1.80% | 1.80% | 1.82% | 1.83% | 1.79% | ||||
Return on Average Shareholder's Equity | 16.39% | 16.18% | 16.46% | 15.91% | 15.24% | ||||
Yield on Earning Assets (FTE) | 6.20% | 5.96% | 5.57% | 5.56% | 5.39% | ||||
Cost of Interest Bearing Funds | 2.49% | 2.35% | 2.14% | 1.95% | 1.79% | ||||
Net Interest Margin (FTE)(4) | 4.20% | 4.08% | 3.87% | 4.02% | 3.98% | ||||
Efficiency Ratio (FTE)(1) | 41.59% | 41.72% | 42.55% | 52.26% | 43.49% | ||||
Capitalization Ratios | |||||||||
Dividends Paid to Net Income | 53.01% | 51.65% | 49.68% | 52.22% | 53.48% | ||||
Shareholder's Equity to Assets (Period End) | 10.66% | 10.95% | 11.23% | 11.47% | 11.47% | ||||
Leverage Ratio (2) | 8.13% | 8.50% | 8.67% | 9.16% | 9.18% | ||||
Risk Based Capital - Tier I (3) | 9.90% | 10.11% | 10.46% | 10.56% | 10.59% | ||||
Risk Based Capital - Tier II (3) | 11.56% | 11.90% | 12.25% | 12.39% | 12.35% | ||||
Other Data | |||||||||
Shareholders of Record | 3,106 | 3,125 | 3,138 | 3,149 | 3,164 | ||||
Number of Banking Offices | 46 | 46 | 46 | 49 | 49 | ||||
Definitions: | |||||||||
(1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. |