S&T Bancorp, Inc. | Page 1 of 3 | ||||||||||||||||||
2005 | 2006 | Year-to-date | |||||||||||||||||
For the period: | March |
| June |
| September |
| December | March |
| June |
| September |
| December | December |
| December | ||
Interest Income | $39,466 | $42,144 | $44,035 | $46,476 | $47,884 | $50,957 | $53,028 | $52,833 | $204,702 | $172,122 | |||||||||
Interest Expense | 12,148 | 13,780 | 15,595 | 17,991 | 19,810 | 22,830 | 24,186 | 24,758 | 91,584 | 59,514 | |||||||||
Net Interest Income | 27,318 | 28,364 | 28,440 | 28,485 | 28,074 | 28,127 | 28,842 | 28,075 | 113,118 | 112,608 | |||||||||
Taxable Equivalent Adjustment | 975 | 1,002 | 1,024 | 1,041 | 1,068 | 1,117 | 1,146 | 1,173 | 4,504 | 4,042 | |||||||||
Net Interest Income (FTE) | 28,293 | 29,366 | 29,464 | 29,526 | 29,142 | 29,244 | 29,988 | 29,248 | 117,622 | 116,650 | |||||||||
Provision For Loan Losses | 800 | (300) | 3,000 | 1,500 | 1,500 | 5,700 | 1,352 | 828 | 9,380 | 5,000 | |||||||||
Net Interest Income After Provisions (FTE) | 27,493 | 29,666 | 26,464 | 28,026 | 27,642 | 23,544 | 28,636 | 28,420 | 108,242 | 111,650 | |||||||||
Security Gains, Net | 1,668 | 801 | 1,300 | 1,239 | 1,809 | 1,244 | 1,210 | 1,218 | 5,481 | 5,008 | |||||||||
Service Charges and Fees | 2,181 | 2,338 | 2,504 | 2,564 | 2,452 | 2,657 | 2,666 | 2,637 | 10,412 | 9,587 | |||||||||
Wealth Management | 1,643 | 1,831 | 1,760 | 1,743 | 2,223 | 2,058 | 1,854 | 1,726 | 7,862 | 6,977 | |||||||||
Insurance | 1,403 | 1,387 | 1,403 | 1,492 | 1,738 | 1,572 | 1,759 | 1,569 | 6,637 | 5,685 | |||||||||
Other | 2,196 | 2,829 | 2,440 | 2,663 | 2,261 | 2,803 | 2,432 | 2,502 | 9,998 | 10,129 | |||||||||
Total Other Income | 7,423 | 8,385 | 8,107 | 8,462 | 8,674 | 9,090 | 8,711 | 8,434 | 34,909 | 32,378 | |||||||||
Salaries and Employee Benefits | 8,798 | 8,440 | 8,754 | 8,723 | 9,512 | 9,004 | 8,618 | 10,467 | 37,601 | 34,715 | |||||||||
Occupancy and Equip. Expense, Net | 2,290 | 1,939 | 1,892 | 1,946 | 2,087 | 1,962 | 2,194 | 2,155 | 8,398 | 8,067 | |||||||||
Data Processing Expense | 1,035 | 1,092 | 1,046 | 1,117 | 1,164 | 1,249 | 1,186 | 1,253 | 4,852 | 4,290 | |||||||||
FDIC Expense | 74 | 75 | 71 | 72 | 75 | 75 | 77 | 75 | 302 | 293 | |||||||||
Other | 3,881 | 3,940 | 2,899 | 4,379 | 4,101 | 4,983 | 4,264 | 4,777 | 18,126 | 15,099 | |||||||||
Total Other Expense | 16,078 | 15,486 | 14,662 | 16,237 | 16,939 | 17,273 | 16,339 | 18,727 | 69,279 | 62,464 | |||||||||
Income Before Taxes | 20,506 | 23,366 | 21,209 | 21,490 | 21,186 | 16,605 | 22,218 | 19,345 | 79,353 | 86,572 | |||||||||
Taxable Equivalent Adjustment | 975 | 1,002 | 1,024 | 1,041 | 1,068 | 1,117 | 1,146 | 1,173 | 4,504 | 4,042 | |||||||||
Applicable Income Taxes | 5,711 | 6,871 | 5,818 | 5,886 | 5,881 | 4,251 | 6,408 | 4,973 | 21,513 | 24,287 | |||||||||
Net Income | $13,820 | $15,493 | $14,367 | $14,563 | $14,237 | $11,237 | $14,664 | $13,199 | $53,336 | $58,243 | |||||||||
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 | 25,303,774 | 25,361,274 | 25,361,274 | 26,270,730 | |||||||||
Average Shares Outstanding - Diluted | 26,951,090 | 26,644,682 | 26,618,216 | 26,542,511 | 26,448,765 | 26,038,892 | 25,753,722 | 25,530,984 | 25,940,352 | 26,688,148 | |||||||||
Net Income - Diluted | $0.51 | $0.58 | $0.54 | $0.55 | $0.54 | $0.43 | $0.57 | $0.52 | $2.06 | $2.18 | |||||||||
Dividends Declared | $0.28 | $0.28 | $0.28 | $0.29 | $0.29 | $0.29 | $0.29 | $0.30 | $1.17 | $1.13 | |||||||||
Book Value | $13.06 | $13.09 | $13.35 | $13.41 | $13.41 | $13.14 | $13.24 | $13.37 | $13.37 | $13.41 | |||||||||
Market Value | $35.40 | $36.10 | $37.80 | $36.82 | $36.58 | $33.23 | $32.50 | $34.67 | $34.67 | $36.82 |
S&T Bancorp, Inc. | Page 2 of 3 | ||||||||||||||
2005 | 2006 | ||||||||||||||
Asset Quality Data | March | June | September | December | March | June | September | December | |||||||
Nonaccrual Loans and Nonperforming Loans | $7,331 | $5,944 | $8,368 | $11,166 | $13,063 | $21,824 | $15,058 | $19,852 | |||||||
Assets acquired through foreclosure or repossession | 1,536 | 945 | 1,908 | 3,712 | 3,084 | 2,725 | 2,633 | 523 | |||||||
Nonperforming Assets | 8,867 | 6,889 | 10,276 | 14,878 | 16,147 | 24,549 | 17,691 | 20,375 | |||||||
Allowance for Loan Losses | 34,339 | 33,525 | 36,093 | 36,572 | 37,402 | 38,575 | 32,717 | 33,220 | |||||||
Nonperforming Loans / Loans | 0.32% | 0.25% | 0.35% | 0.45% | 0.51% | 0.83% | 0.58% | 0.74% | |||||||
Allowance for Loan Losses / Loans | 1.48% | 1.40% | 1.50% | 1.47% | 1.47% | 1.47% | 1.25% | 1.25% | |||||||
Allowance for Loan Losses / Nonperforming Loans | 468% | 564% | 431% | 328% | 286% | 177% | 217% | 167% | |||||||
Net Loan Charge-offs (Recoveries) | 723 | (455) | 432 | 1,021 | 670 | 4,528 | 7,210 | 324 | |||||||
Net Loan Charge-offs (Recoveries) (annualized)/ Average Loans | 0.13% | -0.08% | 0.07% | 0.17% | 0.11% | 0.70% | 1.09% | 0.05% | |||||||
Balance Sheet (Period-End) | |||||||||||||||
Assets | $3,027,881 | $3,095,177 | $3,104,433 | $3,194,979 | $3,250,246 | $3,301,896 | $3,278,710 | $3,343,688 | |||||||
Earning Assets | 2,841,330 | 2,900,582 | 2,909,863 | 2,986,081 | 3,031,270 | 3,079,808 | 3,048,744 | 3,108,898 | |||||||
Securities | 522,631 | 509,985 | 499,545 | 494,575 | 482,453 | 455,367 | 431,490 | 442,607 | |||||||
Loans, Gross | 2,318,699 | 2,390,598 | 2,410,318 | 2,491,506 | 2,548,817 | 2,624,441 | 2,617,254 | 2,666,291 | |||||||
Total Deposits | 2,168,932 | 2,208,204 | 2,306,604 | 2,418,884 | 2,470,151 | 2,496,909 | 2,536,092 | 2,565,306 | |||||||
Non-Interest Bearing Deposits | 404,557 | 409,721 | 417,894 | 435,672 | 417,315 | 442,203 | 429,547 | 448,453 | |||||||
NOW, Money Market & Savings | 904,809 | 922,923 | 965,625 | 1,050,104 | 1,136,810 | 1,169,278 | 1,201,254 | 1,195,640 | |||||||
CD's $100,000 and over | 187,010 | 201,076 | 210,024 | 206,666 | 200,055 | 203,966 | 249,070 | 261,646 | |||||||
Other Time Deposits | 672,556 | 674,484 | 713,061 | 726,442 | 715,972 | 681,462 | 656,221 | 659,567 | |||||||
Short-term borrowings | 399,846 | 410,362 | 314,467 | 287,829 | 204,487 | 234,232 | 162,351 | 188,021 | |||||||
Long-term Debt | 61,115 | 81,080 | 83,860 | 83,776 | 171,635 | 186,427 | 186,217 | 196,941 | |||||||
Shareholder's Equity | 347,279 | 342,852 | 351,983 | 352,421 | 349,896 | 337,598 | 335,011 | 339,051 | |||||||
Balance Sheet (Daily Averages) | |||||||||||||||
Assets | $2,998,237 | $3,061,157 | $3,090,488 | $3,141,728 | $3,205,843 | $3,282,972 | $3,285,807 | $3,275,990 | |||||||
Earning Assets | 2,813,642 | 2,869,845 | 2,897,199 | 2,947,840 | 2,999,871 | 3,070,286 | 3,070,573 | 3,055,082 | |||||||
Securities | 518,872 | 516,704 | 504,806 | 495,676 | 485,935 | 469,472 | 453,128 | 428,556 | |||||||
Loans, Gross | 2,294,699 | 2,353,141 | 2,381,551 | 2,452,165 | 2,513,936 | 2,600,814 | 2,617,445 | 2,619,029 | |||||||
Deposits | 2,157,201 | 2,188,288 | 2,269,085 | 2,348,991 | 2,424,946 | 2,494,841 | 2,518,761 | 2,572,123 | |||||||
Shareholder's Equity | 353,472 | 347,871 | 351,432 | 353,373 | 356,341 | 346,351 | 343,176 | 342,417 |
S&T Bancorp, Inc. | Page 3 of 3 | ||||||||||||||||||
2005 | 2006 | Year-to-date | |||||||||||||||||
Profitability Ratios (annualized) | March | June | September | December | March | June | September | December | December | December | |||||||||
|
| ||||||||||||||||||
Return on Average Assets | 1.87% | 2.03% | 1.84% | 1.84% | 1.80% | 1.37% | 1.77% | 1.60% | 1.63% | 1.90% | |||||||||
Return on Average Shareholder's Equity | 15.86% | 17.86% | 16.22% | 16.35% | 16.20% | 13.01% | 16.95% | 15.29% | 15.37% | 16.57% | |||||||||
Yield on Earning Assets (FTE) | 5.84% | 6.04% | 6.18% | 6.40% | 6.62% | 6.81% | 7.00% | 7.02% | 6.87% | 6.12% | |||||||||
Cost of Interest Bearing Funds | 2.27% | 2.46% | 2.73% | 3.07% | 3.37% | 3.71% | 3.90% | 4.01% | 3.75% | 2.64% | |||||||||
Net Interest Margin (FTE)(4) | 4.08% | 4.10% | 4.03% | 3.97% | 3.93% | 3.82% | 3.87% | 3.80% | 3.86% | 4.05% | |||||||||
Efficiency Ratio (FTE)(1) | 45.02% | 41.02% | 39.02% | 42.75% | 44.79% | 45.06% | 42.22% | 49.70% | 45.42% | 41.99% | |||||||||
Capitalization Ratios | |||||||||||||||||||
Dividends Paid to Net Income | 51.96% | 48.16% | 51.08% | 50.69% | 53.53% | 67.41% | 50.81% | 56.06% | |||||||||||
Shareholder's Equity to Assets (Period End) | 11.47% | 11.08% | 11.34% | 11.03% | 10.77% | 10.22% | 10.22% | 10.14% | |||||||||||
Leverage Ratio (2) | 9.68% | 9.27% | 9.56% | 9.50% | 9.28% | 8.75% | 8.57% | 8.82% | |||||||||||
Risk Based Capital - Tier I (3) | 10.86% | 10.29% | 10.73% | 10.52% | 10.30% | 9.78% | 9.65% | 9.66% | |||||||||||
Risk Based Capital - Tier II (3) | 12.52% | 11.89% | 12.35% | 12.09% | 11.86% | 11.32% | 11.94% | 11.91% | |||||||||||
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. |