S&T Bancorp, Inc. | Page 1 of 3 | |||||||||
2004 | 2005 | |||||||||
March | June | September | December | March | ||||||
For the period: | 1Q | 2Q | 3Q | 4Q | 1Q | |||||
Interest Income | $35,596 | $36,239 | $37,728 | $39,075 | $39,466 | |||||
Interest Expense | 9,506 | 9,548 | 10,549 | 11,287 | 12,148 | |||||
Net Interest Income | 26,090 | 26,691 | 27,179 | 27,788 | 27,318 | |||||
Taxable Equivalent Adjustment | 920 | 924 | 927 | 936 | 975 | |||||
Net Interest Income (FTE) | 27,010 | 27,615 | 28,106 | 28,724 | 28,293 | |||||
Provision For Loan Losses | 1,500 | 1,900 | 1,500 | (500) | 800 | |||||
Net Interest Income After Provisions (FTE) | 25,510 | 25,715 | 26,606 | 29,224 | 27,493 | |||||
Security Gains, Net | 1,520 | 1,708 | 1,144 | 972 | 1,668 | |||||
Service Charges and Fees | 2,232 | 2,359 | 2,316 | 2,476 | 2,181 | |||||
Wealth Management | 1,517 | 1,525 | 1,471 | 1,688 | 1,643 | |||||
Insurance | 1,076 | 1,115 | 1,219 | 1,148 | 1,403 | |||||
Other | 2,048 | 2,474 | 1,814 | 2,380 | 2,191 | |||||
Total Other Income | 6,873 | 7,473 | 6,820 | 7,692 | 7,418 | |||||
Salaries and Employee Benefits | 8,292 | 8,006 | 8,438 | 8,109 | 8,798 | |||||
Occupancy and Equip. Expense, Net | 1,720 | 1,710 | 1,752 | 1,900 | 2,290 | |||||
Data Processing Expense | 999 | 975 | 956 | 1,036 | 1,035 | |||||
FDIC Expense | 73 | 74 | 72 | 70 | 74 | |||||
Other | 3,653 | 4,047 | 3,680 | 4,630 | 3,876 | |||||
Total Other Expense | 14,737 | 14,812 | 14,898 | 15,745 | 16,073 | |||||
Income Before Taxes | 19,166 | 20,084 | 19,672 | 22,143 | 20,506 | |||||
Taxable Equivalent Adjustment | 920 | 924 | 927 | 936 | 975 | |||||
Applicable Income Taxes | 5,290 | 5,588 | 5,468 | 6,655 | 5,711 | |||||
Net Income | $12,956 | $13,572 | $13,277 | $14,552 | $13,820 | |||||
Per Common Share Data: | ||||||||||
Shares Outstanding at End of Period | 26,619,399 | 26,261,769 | 26,513,869 | 26,600,395 | 26,584,029 | |||||
Average Shares Outstanding - Diluted | 26,950,542 | 26,644,177 | 26,709,616 | 26,896,777 | 26,951,090 | |||||
Net Income - Diluted | $0.48 | $0.51 | $0.50 | $0.54 | $0.51 | |||||
Dividends Declared | $0.26 | $0.27 | $0.27 | $0.27 | $0.28 | |||||
Book Value | $12.74 | $12.25 | $12.77 | $13.12 | $13.06 | |||||
Market Value | $30.06 | $31.98 | $35.71 | $37.69 | $35.40 |
S&T Bancorp, Inc. | Page 2 of 3 | |||||||||
2004 | 2005 | |||||||||
March | June | September | December | March | ||||||
Asset Quality Data | 1Q | 2Q | 3Q | 4Q | 1Q | |||||
Nonaccrual Loans and Nonperforming Loans | $12,465 | $13,514 | $15,895 | $6,309 | $7,331 | |||||
Assets acquired through foreclosure | ||||||||||
or repossession | 2,287 | 521 | 2,822 | 2,119 | 1,536 | |||||
Nonperforming Assets | 14,752 | 14,035 | 18,717 | 8,428 | 8,867 | |||||
Allowance for Loan Losses | 32,658 | 32,792 | 32,127 | 34,262 | 34,339 | |||||
Nonperforming Loans / Loans | 0.57% | 0.60% | 0.69% | 0.28% | 0.32% | |||||
Allowance for Loan Losses / Loans | 1.50% | 1.46% | 1.40% | 1.50% | 1.48% | |||||
Allowance for Loan Losses / Nonperforming Loans | 262% | 243% | 202% | 543% | 468% | |||||
Net Loan Charge-offs (Recoveries) | 320 | 1,765 | 2,166 | (2,635) | 723 | |||||
Net Loan Charge-offs (Recoveries) (annualized)/ |
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Balance Sheet (Period-End) | ||||||||||
Assets | $2,956,404 | $3,006,203 | $3,009,776 | $2,989,034 | $3,027,881 | |||||
Earning Assets | 2,776,693 | 2,823,231 | 2,829,035 | 2,805,522 | 2,841,330 | |||||
Securities | 592,761 | 576,612 | 536,783 | 518,171 | 522,631 | |||||
Loans, Gross | 2,183,931 | 2,246,619 | 2,292,253 | 2,287,351 | 2,318,699 | |||||
Total Deposits | 1,977,330 | 1,976,340 | 2,079,182 | 2,176,263 | 2,168,932 | |||||
Non-Interest Bearing Deposits | 382,110 | 376,471 | 416,748 | 415,812 | 404,557 | |||||
NOW, Money Market & Savings | 756,965 | 742,582 | 772,783 | 896,395 | 904,809 | |||||
CD's $100,000 and over | 176,512 | 187,574 | 197,347 | 192,761 | 187,010 | |||||
Other Time Deposits | 661,743 | 669,713 | 692,304 | 671,295 | 672,556 | |||||
Short-term borrowings | 463,000 | 542,598 | 456,684 | 323,384 | 399,846 | |||||
Long-term Debt | 116,890 | 116,894 | 86,328 | 86,303 | 61,115 | |||||
Shareholder's Equity | 339,095 | 321,625 | 338,575 | 349,129 | 347,279 | |||||
Balance Sheet (Daily Averages) | ||||||||||
Assets | $2,908,794 | $2,979,134 | $3,002,225 | $3,000,134 | $2,998,237 | |||||
Earning Assets | 2,732,315 | 2,798,943 | 2,821,311 | 2,818,925 | 2,813,642 | |||||
Securities | 597,845 | 583,192 | 555,568 | 530,547 | 518,872 | |||||
Loans, Gross | 2,134,470 | 2,215,751 | 2,264,843 | 2,285,101 | 2,294,699 | |||||
Deposits | 1,955,025 | 1,982,751 | 2,040,251 | 2,116,041 | 2,157,201 | |||||
Shareholder's Equity | 341,835 | 330,474 | 333,545 | 347,105 | 353,472 |
S&T Bancorp, Inc. | Page 3 of 3 | |||||||||
2004 | 2005 | |||||||||
March | June | September | December | March | ||||||
Profitability Ratios (annualized) | 1Q | 2Q | 3Q | 4Q | 1Q | |||||
Return on Average Assets | 1.79% | 1.83% | 1.76% | 1.93% | 1.87% | |||||
Return on Average Shareholder's Equity | 15.24% | 16.52% | 15.84% | 16.68% | 15.86% | |||||
Yield on Earning Assets (FTE) | 5.39% | 5.35% | 5.46% | 5.66% | 5.84% | |||||
Cost of Interest Bearing Funds | 1.79% | 1.74% | 1.90% | 2.06% | 2.27% | |||||
Net Interest Margin (FTE)(4) | 3.98% | 3.97% | 3.96% | 4.05% | 4.08% | |||||
Efficiency Ratio (FTE)(1) | 43.49% | 42.22% | 42.66% | 43.24% | 45.01% | |||||
Capitalization Ratios | ||||||||||
Dividends Paid to Net Income | 53.48% | 51.06% | 53.34% | 49.20% | 51.97% | |||||
Shareholder's Equity to Assets (Period End) | 11.47% | 10.70% | 11.25% | 11.68% | 11.47% | |||||
Leverage Ratio (2) | 9.15% | 8.80% | 9.15% | 9.51% | 9.68% | |||||
Risk Based Capital - Tier I (3) | 10.55% | 10.10% | 10.44% | 10.84% | 10.86% | |||||
Risk Based Capital - Tier II (3) | 12.31% | 11.78% | 12.13% | 12.58% | 12.52% | |||||
Definitions: | ||||||||||
(1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. |