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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Summary of Consideration, Assets Acquired and Liabilities Assumed | The following table provides a summary of the assets acquired and liabilities assumed by DNB, the preliminary estimates of the fair value adjustments necessary to adjust those acquired assets and assumed liabilities to estimated fair value and the preliminary estimates of the resultant fair values of those assets and liabilities by S&T. S&T intends to finalize its accounting for the acquisition of DNB within one year from the date of acquisition. The preliminary fair value adjustments shown in the following table continue to be evaluated by management and may be subject to further adjustment.
| November 30, 2019
(dollars in thousands) | As Recorded by DNB |  | Preliminary Fair Value Adjustments(1) |  | As Recorded by S&T
Fair Value of Assets Acquired |  |  |  |  |
Cash and cash equivalents | $ | 64,119 |  |  | $ | — |  |  | $ | 64,119 |
Securities and other investments | 108,715 |  |  | 183 |  |  | 108,898 |
Loans | 917,127 |  |  | (8,143 | ) |  | 908,984 |
Allowance for loan losses | (6,487 | ) |  | 6,487 |  |  | — |
Goodwill | 15,525 |  |  | (15,525 | ) |  | — |
Premises and equipment | 6,782 |  |  | 8,090 |  |  | 14,872 |
Accrued interest receivable | 4,138 |  |  | — |  |  | 4,138 |
Deferred income taxes | 2,017 |  |  | (3,298 | ) |  | (1,281 | )
Core deposits and other intangible assets | 269 |  |  | (269 | ) |  | — |
Other assets | 24,883 |  |  | (4,278 | ) |  | 20,605 |
Total Assets Acquired | 1,137,088 |  |  | (16,753 | ) |  | 1,120,335 |
Fair Value of Liabilities Assumed |  |  |  |  |
Deposits | 966,263 |  |  | 1,002 |  |  | 967,265 |
Borrowings | 37,617 |  |  | (276 | ) |  | 37,341 |
Accrued interest payable and other liabilities | 11,157 |  |  | (3,184 | ) |  | 7,973 |
Total Liabilities Assumed | 1,015,037 |  |  | (2,458 | ) |  | 1,012,579 |
Total Net Assets Acquired | $ | 122,051 |  |  | $ | (14,295 | ) |  | $ | 107,756 |
Core Deposit Intangible Asset |  |  |  |  | $ | 7,288 |
Wealth Management Intangible Asset |  |  |  |  | 1,772 |
Total Fair Value of Net Assets Acquired and Identified |  |  |  |  | $ | 116,816 |
Consideration Paid |  |  |  |  |
Cash |  |  |  |  | $ | 360 |
Common stock |  |  |  |  | 200,631 |
Fair Value of Total Consideration |  |  |  |  | $ | 200,991 |
Goodwill |  |  |  |  | $ | 84,175 |
(1)Management is continuing to evaluate the purchase accounting fair value adjustments related to loans, including loan classification, intangible assets, premises and equipment, deferred income taxes, other assets and borrowings until the final valuations and appraisals are complete. Any changes in preliminary estimates will be adjusted in goodwill in subsequent periods, but not extending beyond one year from the date of acquisition.
Schedule of Pro Forma Information | The following table presents unaudited pro forma financial information which combines the historical consolidated statements of income of S&T and DNB to give effect to the merger as if it had occurred on January 1, 2018 for the periods presented.
| Unaudited Pro Forma Information December 31
(dollars in thousands, except per share data) | 2019 |  | 2018
Total Revenue | $ | 341,117 |  |  | $ | 325,668 |
Net Income(1) | 120,964 |  |  | 116,046 |
Earnings Per Common Share:(1) |  |  |
Basic | $ | 3.03 |  |  | $ | 2.90 |
Diluted | $ | 3.03 |  |  | $ | 2.88 |
(1)Excludes non-recurring merger-related expenses of $13.6 million, net of tax at 21 percent.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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