S&T Bancorp, Inc. | Page 1 of 3 | ||||||||
2007 | 2008 | ||||||||
For the period: | March | June | September | December | March | ||||
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Interest Income | $52,934 | $54,274 | $54,761 | $53,637 | $50,458 | ||||
Interest Expense | 24,725 | 25,321 | 25,485 | 23,636 | 19,909 | ||||
Net Interest Income | 28,209 | 28,953 | 29,276 | 30,001 | 30,549 | ||||
Taxable Equivalent Adjustment | 1,186 | 1,216 | 1,170 | 1,156 | 1,148 | ||||
Net Interest Income (FTE) | 29,395 | 30,169 | 30,446 | 31,157 | 31,697 | ||||
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Provision For Loan Losses | 2,178 | 1,305 | 1,142 | 1,187 | 1,279 | ||||
Net Interest Income After Provisions (FTE) | 27,217 | 28,864 | 29,304 | 29,970 | 30,418 | ||||
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Security Gains, Net | 1,656 | 481 | 1,129 | 579 | 611 | ||||
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Service Charges and Fees | 2,343 | 2,529 | 2,605 | 2,647 | 2,402 | ||||
Wealth Management | 1,855 | 1,978 | 1,751 | 1,886 | 1,862 | ||||
Insurance | 1,894 | 1,792 | 1,874 | 1,726 | 1,997 | ||||
Other | 2,424 | 2,744 | 4,270 | 2,443 | 2,638 | ||||
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Total Noninterest Income | 8,516 | 9,043 | 10,500 | 8,702 | 8,899 | ||||
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Salaries and Employee Benefits | 9,934 | 10,073 | 9,910 | 10,470 | 10,060 | ||||
Occupancy and Equip. Expense, Net | 2,261 | 2,447 | 2,423 | 2,452 | 2,660 | ||||
Data Processing Expense | 1,234 | 1,301 | 1,179 | 1,166 | 1,071 | ||||
FDIC Expense | 76 | 77 | 74 | 75 | 75 | ||||
Other | 4,084 | 4,163 | 4,543 | 5,518 | 4,089 | ||||
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Total Noninterest Expense | 17,589 | 18,061 | 18,129 | 19,681 | 17,955 | ||||
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Income Before Taxes | 19,800 | 20,327 | 22,804 | 19,570 | 21,973 | ||||
Taxable Equivalent Adjustment | 1,186 | 1,216 | 1,170 | 1,156 | 1,148 | ||||
Applicable Income Taxes | 5,316 | 5,235 | 5,973 | 5,103 | 5,969 | ||||
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Net Income | $13,298 | $13,876 | $15,661 | $13,311 | $14,856 | ||||
Per Common Share Data: | |||||||||
Shares Outstanding at End of Period | 24,897,787 | 24,468,671 | 24,543,177 | 24,551,087 | 24,615,136 | ||||
Average Shares Outstanding - Diluted | 25,389,584 | 24,847,410 | 24,690,735 | 24,677,720 | 24,680,484 | ||||
Net Income - Diluted | $0.52 | $0.56 | $0.63 | $0.54 | $0.60 | ||||
Dividends Declared | $0.30 | $0.30 | $0.30 | $0.31 | $0.31 | ||||
Book Value | $13.16 | $12.98 | $13.36 | $13.75 | $14.18 | ||||
Market Value | $33.04 | $32.90 | $32.09 | $27.64 | $32.17 |
S&T Bancorp, Inc. | Page 2 of 3 | ||||||||
2007 | 2008 | ||||||||
Asset Quality Data | March | June | September | December | March | ||||
Nonaccrual Loans and Nonperforming Loans | $19,854 | $14,944 | $14,445 | $16,798 | $23,212 | ||||
Assets acquired through foreclosure or repossession | 606 | 610 | 869 | 488 | 630 | ||||
Nonperforming Assets | 20,460 | 15,554 | 15,314 | 17,286 | 23,842 | ||||
Allowance for Loan Losses | 35,319 | 35,808 | 34,144 | 34,345 | 35,717 | ||||
Nonperforming Loans / Loans | 0.73% | 0.54% | 0.52% | 0.60% | 0.81% | ||||
Allowance for Loan Losses / Loans | 1.29% | 1.31% | 1.24% | 1.23% | 1.25% | ||||
Allowance for Loan Losses / Nonperforming Loans | 178% | 240% | 236% | 204% | 154% | ||||
Net Loan Charge-offs (Recoveries) | 78 | 817 | 2,806 | 986 | (94) | ||||
Net Loan Charge-offs (Recoveries) (annualized)/ Average Loans | 0.01% | 0.12% | 0.41% | 0.14% | -0.01% | ||||
Balance Sheet (Period-End) | |||||||||
Assets | $3,361,963 | $3,368,761 | $3,348,096 | $3,407,621 | $3,463,806 | ||||
Earning Assets | 3,146,934 | 3,141,844 | 3,126,714 | 3,169,594 | 3,212,919 | ||||
Securities | 412,384 | 398,612 | 375,151 | 372,655 | 362,053 | ||||
Loans, Gross | 2,734,550 | 2,743,232 | 2,751,564 | 2,796,939 | 2,850,866 | ||||
Total Deposits | 2,576,887 | 2,624,495 | 2,620,176 | 2,621,825 | 2,605,187 | ||||
Non-Interest Bearing Deposits | 444,525 | 446,455 | 451,196 | 459,708 | 471,040 | ||||
NOW, Money Market & Savings | 1,204,833 | 1,230,290 | 1,233,969 | 1,243,061 | 1,203,833 | ||||
CD's $100,000 and over | 259,390 | 258,311 | 250,011 | 249,643 | 250,489 | ||||
Other Time Deposits | 668,139 | 689,439 | 685,000 | 669,413 | 679,825 | ||||
Short-term borrowings | 169,552 | 144,342 | 125,809 | 180,258 | 211,391 | ||||
Long-term Debt | 246,715 | 246,487 | 236,255 | 226,021 | 246,403 | ||||
Shareholders' Equity | 327,559 | 317,707 | 327,863 | 337,560 | 349,073 | ||||
Balance Sheet (Daily Averages) | |||||||||
Assets | $3,312,784 | $3,344,544 | $3,339,979 | $3,346,685 | $3,407,665 | ||||
Earning Assets | 3,108,328 | 3,134,253 | 3,127,103 | 3,137,967 | 3,198,279 | ||||
Securities | 420,645 | 403,351 | 384,405 | 370,100 | 369,400 | ||||
Loans, Gross | 2,687,564 | 2,730,618 | 2,740,458 | 2,767,615 | 2,828,762 | ||||
Deposits | 2,550,819 | 2,578,878 | 2,623,770 | 2,620,448 | 2,579,321 | ||||
Shareholders' Equity | 339,168 | 325,966 | 324,124 | 333,880 | 345,939 |
S&T Bancorp, Inc. | Page 3 of 3 | ||||||||
2007 | 2008 | ||||||||
Profitability Ratios (annualized) | March | June | September | December | March | ||||
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Return on Average Assets | 1.63% | 1.66% | 1.86% | 1.58% | 1.75% | ||||
Return on Average Shareholders' Equity | 15.90% | 17.07% | 19.17% | 15.82% | 17.27% | ||||
Yield on Earning Assets (FTE) | 7.06% | 7.10% | 7.10% | 6.93% | 6.49% | ||||
Cost of Interest Bearing Funds | 4.00% | 4.01% | 3.99% | 3.70% | 3.10% | ||||
Net Interest Margin (FTE)(4) | 3.84% | 3.86% | 3.86% | 3.94% | 3.99% | ||||
Efficiency Ratio (FTE)(1) | 46.40% | 46.06% | 44.28% | 49.38% | 44.23% | ||||
Capitalization Ratios | |||||||||
Dividends Paid to Net Income | 57.21% | 53.92% | 46.86% | 55.31% | 51.23% | ||||
Shareholders' Equity to Assets (Period End) | 9.74% | 9.43% | 9.79% | 9.91% | 10.08% | ||||
Leverage Ratio (2) | 8.38% | 8.06% | 8.38% | 8.57% | 9.28% | ||||
Risk Based Capital - Tier I (3) | 9.23% | 8.94% | 9.35% | 9.50% | 10.29% | ||||
Risk Based Capital - Tier II (3) | 11.45% | 11.15% | 11.50% | 11.64% | 12.46% | ||||
Definitions: | |||||||||
(1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. |