S&T Bancorp, Inc. | Page 1 of 3 | ||||||||||||||
2005 | 2006 | Six Months Ended | |||||||||||||
For the period: | March |
| June |
| September |
| December | March | June | June |
| June | |||
Interest Income | $39,466 | $42,144 | $44,035 | $46,476 | $47,884 | $50,957 | $98,841 | $81,611 | |||||||
Interest Expense | 12,148 | 13,780 | 15,595 | 17,991 | 19,810 | 22,830 | 42,640 | 25,928 | |||||||
Net Interest Income | 27,318 | 28,364 | 28,440 | 28,485 | 28,074 | 28,127 | 56,201 | 55,683 | |||||||
Taxable Equivalent Adjustment | 975 | 1,002 | 1,024 | 1,041 | 1,068 | 1,117 | 2,185 | 1,978 | |||||||
Net Interest Income (FTE) | 28,293 | 29,366 | 29,464 | 29,526 | 29,142 | 29,244 | 58,386 | 57,661 | |||||||
Provision For Loan Losses | 800 | (300) | 3,000 | 1,500 | 1,500 | 5,700 | 7,200 | 500 | |||||||
Net Interest Income After Provisions (FTE) | 27,493 | 29,666 | 26,464 | 28,026 | 27,642 | 23,544 | 51,186 | 57,161 | |||||||
Security Gains, Net | 1,668 | 801 | 1,300 | 1,239 | 1,809 | 1,244 | 3,053 | 2,469 | |||||||
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Service Charges and Fees | 2,181 | 2,338 | 2,504 | 2,564 | 2,452 | 2,657 | 5,109 | 4,519 | |||||||
Wealth Management | 1,643 | 1,831 | 1,760 | 1,743 | 2,223 | 2,058 | 4,281 | 3,474 | |||||||
Insurance | 1,403 | 1,387 | 1,403 | 1,492 | 1,738 | 1,572 | 3,310 | 2,790 | |||||||
Other | 2,196 | 2,829 | 2,440 | 2,663 | 2,261 | 2,803 | 5,065 | 5,025 | |||||||
Total Other Income | 7,423 | 8,385 | 8,107 | 8,462 | 8,674 | 9,090 | 17,765 | 15,808 | |||||||
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Salaries and Employee Benefits | 8,798 | 8,440 | 8,754 | 8,723 | 9,512 | 9,004 | 18,516 | 17,238 | |||||||
Occupancy and Equip. Expense, Net | 2,290 | 1,939 | 1,892 | 1,946 | 2,087 | 1,962 | 4,049 | 4,229 | |||||||
Data Processing Expense | 1,035 | 1,092 | 1,046 | 1,117 | 1,164 | 1,249 | 2,413 | 2,127 | |||||||
FDIC Expense | 74 | 75 | 71 | 72 | 75 | 75 | 150 | 149 | |||||||
Other | 3,881 | 3,940 | 2,899 | 4,380 | 4,101 | 4,983 | 9,085 | 7,821 | |||||||
Total Other Expense | 16,078 | 15,486 | 14,662 | 16,238 | 16,939 | 17,273 | 34,213 | 31,564 | |||||||
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Income Before Taxes | 20,506 | 23,366 | 21,209 | 21,490 | 21,186 | 16,605 | 37,791 | 43,874 | |||||||
Taxable Equivalent Adjustment | 975 | 1,002 | 1,024 | 1,041 | 1,068 | 1,117 | 2,185 | 1,978 | |||||||
Applicable Income Taxes | 5,711 | 6,871 | 5,818 | 5,886 | 5,881 | 4,251 | 10,132 | 12,582 | |||||||
Net Income | $13,820 | $15,493 | $14,367 | $14,563 | $14,237 | $11,237 | $25,474 | $29,314 | |||||||
Per Common Share Data: | |||||||||||||||
Shares Outstanding at End of Period | 26,584,029 | 26,200,529 | 26,364,095 | 26,270,730 | 26,083,980 | 25,690,880 | 25,690,880 | 26,200,529 | |||||||
Average Shares Outstanding - Diluted | 26,951,090 | 26,644,682 | 26,618,216 | 26,542,511 | 26,448,765 | 26,038,892 | 26,242,794 | 26,797,625 | |||||||
Net Income - Diluted | $0.51 | $0.58 | $0.54 | $0.55 | $0.54 | $0.43 | $0.97 | $1.09 | |||||||
Dividends Declared | $0.28 | $0.28 | $0.28 | $0.29 | $0.29 | $0.29 | $0.58 | $0.56 | |||||||
Book Value | $13.06 | $13.09 | $13.35 | $13.41 | $13.41 | $13.14 | $13.14 | $13.09 | |||||||
Market Value | $35.40 | $36.10 | $37.80 | $36.82 | $36.58 | $33.23 | $33.23 | $36.10 |
S&T Bancorp, Inc. | Page 2 of 3 | ||||||||||||||
2005 | 2006 | ||||||||||||||
Asset Quality Data | March | June |
| September |
| December | March 1Q | June | |||||||
Nonaccrual Loans and Nonperforming Loans | $7,331 | $5,944 | $8,368 | $11,166 | $13,063 | $21,824 | |||||||||
Assets acquired through foreclosure or repossession | 1,536 | 945 | 1,908 | 3,712 | 3,084 | 2,725 | |||||||||
Nonperforming Assets | 8,867 | 6,889 | 10,276 | 14,878 | 16,147 | 24,549 | |||||||||
Allowance for Loan Losses | 34,339 | 33,525 | 36,093 | 36,572 | 37,402 | 38,575 | |||||||||
Nonperforming Loans / Loans | 0.32% | 0.25% | 0.35% | 0.45% | 0.51% | 0.83% | |||||||||
Allowance for Loan Losses / Loans | 1.48% | 1.40% | 1.50% | 1.47% | 1.47% | 1.47% | |||||||||
Allowance for Loan Losses / Nonperforming Loans | 468% | 564% | 431% | 328% | 286% | 177% | |||||||||
Net Loan Charge-offs (Recoveries) | 723 | (455) | 432 | 1,021 | 670 | 4,528 | |||||||||
Net Loan Charge-offs (Recoveries) (annualized)/ | |||||||||||||||
Average Loans | 0.13% | -0.08% | 0.07% | 0.17% | 0.11% | 0.70% | |||||||||
Balance Sheet (Period-End) | |||||||||||||||
Assets | $3,027,881 | $3,095,177 | $3,104,433 | $3,194,979 | $3,250,246 | $3,301,896 | |||||||||
Earning Assets | 2,841,330 | 2,900,582 | 2,909,863 | 2,986,081 | 3,031,270 | 3,079,808 | |||||||||
Securities | 522,631 | 509,985 | 499,545 | 494,575 | 482,453 | 455,367 | |||||||||
Loans, Gross | 2,318,699 | 2,390,598 | 2,410,318 | 2,491,506 | 2,548,817 | 2,624,441 | |||||||||
Total Deposits | 2,168,932 | 2,208,204 | 2,306,604 | 2,418,884 | 2,470,151 | 2,496,909 | |||||||||
Non-Interest Bearing Deposits | 404,557 | 409,721 | 417,894 | 435,672 | 417,315 | 442,203 | |||||||||
NOW, Money Market & Savings | 904,809 | 922,923 | 965,625 | 1,050,104 | 1,136,810 | 1,169,278 | |||||||||
CD's $100,000 and over | 187,010 | 201,076 | 210,024 | 206,666 | 200,055 | 203,966 | |||||||||
Other Time Deposits | 672,556 | 674,484 | 713,061 | 726,442 | 715,972 | 681,462 | |||||||||
Short-term borrowings | 399,846 | 410,362 | 314,467 | 287,829 | 204,487 | 234,232 | |||||||||
Long-term Debt | 61,115 | 81,080 | 83,860 | 83,776 | 171,635 | 186,427 | |||||||||
Shareholder's Equity | 347,279 | 342,852 | 351,983 | 352,421 | 349,896 | 337,598 | |||||||||
Balance Sheet (Daily Averages) | |||||||||||||||
Assets | $2,998,237 | $3,061,157 | $3,090,488 | $3,141,728 | $3,205,843 | $3,282,972 | |||||||||
Earning Assets | 2,813,642 | 2,869,845 | 2,897,199 | 2,947,840 | 2,999,871 | 3,070,286 | |||||||||
Securities | 518,872 | 516,704 | 504,806 | 495,676 | 485,935 | 469,472 | |||||||||
Loans, Gross | 2,294,699 | 2,353,141 | 2,381,551 | 2,452,165 | 2,513,936 | 2,600,814 | |||||||||
Deposits | 2,157,201 | 2,188,288 | 2,269,085 | 2,348,991 | 2,424,946 | 2,494,841 | |||||||||
Shareholder's Equity | 353,472 | 347,871 | 351,432 | 353,373 | 356,341 | 346,351 |
S&T Bancorp, Inc. | Page 3 of 3 | ||||||||||||||
2005 | 2006 | Year-to-date | |||||||||||||
Profitability Ratios (annualized) | March | June |
| September |
| December | March |
| June | June |
| June | |||
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Return on Average Assets | 1.87% | 2.03% | 1.84% | 1.84% | 1.80% | 1.37% | 1.58% | 1.95% | |||||||
Return on Average Shareholder's Equity | 15.86% | 17.86% | 16.22% | 16.35% | 16.20% | 13.01% | 14.62% | 16.86% | |||||||
Yield on Earning Assets (FTE) | 5.84% | 6.04% | 6.18% | 6.40% | 6.62% | 6.81% | 6.72% | 5.94% | |||||||
Cost of Interest Bearing Funds | 2.27% | 2.46% | 2.73% | 3.07% | 3.37% | 3.71% | 3.54% | 2.37% | |||||||
Net Interest Margin (FTE)(4) | 4.08% | 4.10% | 4.03% | 3.97% | 3.93% | 3.82% | 3.88% | 4.09% | |||||||
Efficiency Ratio (FTE)(1) | 45.02% | 41.02% | 39.02% | 42.75% | 44.79% | 45.06% | 44.93% | 42.96% | |||||||
Capitalization Ratios | |||||||||||||||
Dividends Paid to Net Income | 51.96% | 48.16% | 51.08% | 50.69% | 53.53% | 67.41% | |||||||||
Shareholder's Equity to Assets (Period End) | 11.47% | 11.08% | 11.34% | 11.03% | 10.77% | 10.22% | |||||||||
Leverage Ratio (2) | 9.68% | 9.27% | 9.56% | 9.50% | 9.28% | 8.75% | |||||||||
Risk Based Capital - Tier I (3) | 10.86% | 10.29% | 10.73% | 10.52% | 10.30% | 9.78% | |||||||||
Risk Based Capital - Tier II (3) | 12.52% | 11.89% | 12.35% | 12.09% | 11.86% | 11.32% | |||||||||
Definitions: | |||||||||||||||
(1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. (2) Equity less goodwill to total assets and allowance for loan losses. (3) Effective October 1, 1998, banking regulators require financial institutions to include 45% of the pretax net unrealized holding gains on available for sale equity securities in Tier 2 capital. (4) Net interest income, on a fully taxable equivalent basis, annualized divided by quarter to date average earning assets. |