S&T Bancorp, Inc. | Page 1 of 3 | ||||||||
2008 | 2009 | ||||||||
For the period: | March | June | September | December | March | ||||
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Interest Income | $50,458 | $50,433 | $57,416 | $57,811 | $50,424 | ||||
Interest Expense | 19,909 | 16,791 | 18,245 | 17,226 | 14,279 | ||||
Net Interest Income | 30,549 | 33,642 | 39,171 | 40,585 | 36,145 | ||||
Taxable Equivalent Adjustment | 1,148 | 1,227 | 1,385 | 1,388 | 1,334 | ||||
Net Interest Income (FTE) | 31,697 | 34,869 | 40,556 | 41,973 | 37,479 | ||||
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Provision For Loan Losses | 1,279 | (118) | 6,156 | 5,561 | 21,389 | ||||
Net Interest Income After Provisions (FTE) | 30,418 | 34,987 | 34,400 | 36,412 | 16,090 | ||||
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Security Gains (Losses), Net | 611 | (1,829) | (341) | (92) | (1,246) | ||||
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Service Charges and Fees | 2,402 | 2,754 | 3,599 | 3,567 | 3,056 | ||||
Wealth Management | 1,862 | 1,907 | 2,118 | 2,081 | 1,743 | ||||
Insurance | 1,997 | 2,042 | 2,073 | 1,984 | 1,862 | ||||
Other | 2,638 | 3,100 | 2,811 | 2,168 | 3,601 | ||||
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Total Noninterest Income | 8,899 | 9,803 | 10,601 | 9,800 | 10,262 | ||||
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Salaries and Employee Benefits | 10,060 | 10,514 | 11,725 | 10,409 | 11,655 | ||||
Occupancy and Equip. Expense, Net | 2,660 | 2,636 | 2,761 | 2,838 | 3,082 | ||||
Data Processing Expense | 1,071 | 1,668 | 1,365 | 1,384 | 1,468 | ||||
FDIC Expense | 75 | 74 | 131 | 129 | 1,941 | ||||
Other | 4,089 | 7,492 | 6,358 | 6,363 | 7,292 | ||||
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Total Noninterest Expense | 17,955 | 22,384 | 22,340 | 21,123 | 25,438 | ||||
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Income (Loss) Before Taxes | 21,973 | 20,577 | 22,320 | 24,997 | (332) | ||||
Taxable Equivalent Adjustment | 1,148 | 1,227 | 1,385 | 1,388 | 1,334 | ||||
Applicable Income Taxes | 5,969 | 5,489 | 5,249 | 7,809 | 176 | ||||
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Net Income (Loss) | 14,856 | 13,861 | 15,686 | 15,800 | (1,842) | ||||
Preferred Stock Dividends | - | - | - | - | 1,283 | ||||
Net Income (Loss) Available to Common Shareholders | $14,856 | $13,861 | $15,686 | $15,800 | ($3,125) | ||||
Per Common Share Data: | |||||||||
Shares Outstanding at End of Period | 24,615,136 | 27,408,633 | 27,588,510 | 27,632,928 | 27,637,317 | ||||
Average Shares Outstanding - Diluted | 24,680,484 | 25,503,920 | 27,602,216 | 27,722,550 | 27,637,292 | ||||
Net Income (Loss) - Diluted | $0.60 | $0.54 | $0.57 | $0.57 | ($0.11) | ||||
Dividends Declared | $0.31 | $0.31 | $0.31 | $0.31 | $0.31 | ||||
Common Book Value (6) | $14.18 | $16.00 | $16.34 | $16.24 | $16.01 | ||||
Tangible Common Book Value (5) | $12.04 | $9.52 | $9.97 | $9.90 | $9.68 | ||||
Market Value | $32.17 | $29.06 | $36.83 | $35.50 | $21.21 |
S&T Bancorp, Inc. | Page 2 of 3 | ||||||||
2008 | 2009 | ||||||||
Asset Quality Data | March | June | September | December | March | ||||
Nonaccrual Loans and Nonperforming Loans | $23,212 | $15,959 | $32,793 | $42,466 | $92,047 | ||||
Assets Acquired Through Foreclosure or Repossession | 630 | 1,884 | 1,111 | 851 | 1,452 | ||||
Nonperforming Assets | 23,842 | 17,843 | 33,904 | 43,317 | 93,499 | ||||
Allowance for Loan Losses | 35,717 | 38,796 | 43,235 | 42,689 | 59,847 | ||||
Nonperforming Loans / Loans | 0.81% | 0.46% | 0.92% | 1.19% | 2.62% | ||||
Allowance for Loan Losses / Loans | 1.25% | 1.12% | 1.21% | 1.20% | 1.70% | ||||
Allowance for Loan Losses /Nonperforming Loans | 154% | 243% | 132% | 101% | 65% | ||||
Net Loan Charge-offs (Recoveries) | (94) | 2,224 | 1,717 | 6,107 | 4,231 | ||||
Net Loan Charge-offs (Recoveries) (annualized)/Average Loans | -0.01% | 0.29% | 0.20% | 0.68% | 0.49% | ||||
Balance Sheet (Period-End) | |||||||||
Assets | $3,463,806 | $4,353,568 | $4,461,085 | $4,438,368 | $4,314,540 | ||||
Earning Assets | 3,212,919 | 3,934,187 | 4,075,431 | 4,044,970 | 3,948,774 | ||||
Securities | 362,053 | 466,524 | 496,844 | 476,255 | 429,919 | ||||
Loans, Gross | 2,850,866 | 3,467,663 | 3,578,587 | 3,568,716 | 3,518,855 | ||||
Total Deposits | 2,605,187 | 3,114,560 | 3,131,882 | 3,228,416 | 3,244,197 | ||||
Non-Interest Bearing Deposits | 471,040 | 593,339 | 600,246 | 600,282 | 625,325 | ||||
NOW, Money Market & Savings | 1,203,833 | 1,325,755 | 1,280,816 | 1,334,324 | 1,264,407 | ||||
CD's $100,000 and over | 250,489 | 329,087 | 353,167 | 377,748 | 386,441 | ||||
Other Time Deposits | 679,825 | 866,379 | 897,653 | 916,062 | 968,024 | ||||
Short-term borrowings | 211,391 | 472,045 | 552,505 | 421,894 | 225,898 | ||||
Long-term Debt | 246,403 | 281,163 | 280,921 | 270,950 | 232,282 | ||||
Shareholders' Equity | 349,073 | 438,499 | 450,717 | 448,694 | 547,276 | ||||
Balance Sheet (Daily Averages) | |||||||||
Assets | $3,407,665 | $3,701,389 | $4,346,481 | $4,419,465 | $4,360,166 | ||||
Earning Assets | 3,198,279 | 3,434,268 | 3,961,327 | 4,042,118 | 3,980,258 | ||||
Securities | 369,400 | 386,243 | 472,293 | 490,754 | 445,150 | ||||
Loans, Gross | 2,828,762 | 3,048,024 | 3,488,843 | 3,551,179 | 3,534,064 | ||||
Deposits | 2,579,321 | 2,712,198 | 3,086,428 | 3,205,711 | 3,251,587 | ||||
Shareholders' Equity | 345,939 | 377,160 | 447,941 | 458,600 | 542,240 |
S&T Bancorp, Inc. | Page 3 of 3 | ||||||||
2008 | 2009 | ||||||||
Profitability Ratios (annualized) | March | June | September | December | March | ||||
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Return on Average Assets | 1.75% | 1.51% | 1.44% | 1.42% | -0.29% | ||||
Return on Average Tangible Common Assets (5) | 1.78% | 1.54% | 1.50% | 1.48% | -0.30% | ||||
Return on Average Shareholders' Equity | 17.27% | 14.78% | 13.93% | 13.71% | -2.34% | ||||
Return on Average Tangible Common Equity (5) | 20.37% | 19.17% | 22.95% | 22.19% | -4.53% | ||||
Yield on Earning Assets (FTE) | 6.49% | 6.05% | 5.92% | 5.83% | 5.27% | ||||
Cost of Interest Bearing Funds | 3.10% | 2.43% | 2.23% | 2.06% | 1.82% | ||||
Net Interest Margin (FTE)(4) | 3.99% | 4.08% | 4.07% | 4.13% | 3.82% | ||||
Efficiency Ratio (FTE)(1) | 44.23% | 50.11% | 43.67% | 40.80% | 53.28% | ||||
Capitalization Ratios | |||||||||
Dividends Paid to Net Income | 51.23% | 55.05% | 54.17% | 54.13% | -273.87% | ||||
Shareholders' Equity to Assets (Period End) | 10.08% | 10.07% | 10.10% | 10.11% | 12.68% | ||||
Leverage Ratio (2) | 9.28% | 8.05% | 7.15% | 7.30% | 9.73% | ||||
Risk Based Capital - Tier I (3) | 10.29% | 7.99% | 8.23% | 8.65% | 11.58% | ||||
Risk Based Capital - Tier II (3) | 12.46% | 11.12% | 11.40% | 11.82% | 14.82% | ||||
Tangible Common Equity/Tangible Assets (5) | 8.69% | 6.25% | 6.42% | 6.41% | 6.46% | ||||
Definitions: | |||||||||
(1) Recurring non-interest expense divided by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. |