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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2020
Business Combinations [Abstract] |
Summary of Consideration, Assets Acquired and Liabilities Assumed | The following table presents the fair value adjustments and the measurement period adjustments as of the dates presented:
| November 30, 2019 |  | September 30, 2020
| As Recorded by DNB |  | Fair Value Adjustments |  | As Recorded by S&T |  | Measurement Period Adjustments |  | As Recorded by S&T
Fair Value of Assets Acquired |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 64,119 |  |  | $ | — |  |  | $ | 64,119 |  |  | $ | — |  |  | $ | 64,119 |
Securities and other investments | 108,715 |  |  | 183 |  |  | 108,898 |  |  | — |  |  | 108,898 |
Loans | 917,127 |  |  | (8,143) |  |  | 908,984 |  |  | (2,377) |  |  | 906,607 |
Allowance for credit losses | (6,487) |  |  | 6,487 |  |  | — |  |  | — |  |  | — |
Goodwill | 15,525 |  |  | (15,525) |  |  | — |  |  | — |  |  | — |
Premises and equipment | 6,782 |  |  | 8,090 |  |  | 14,872 |  |  | — |  |  | 14,872 |
Accrued interest receivable | 4,138 |  |  | — |  |  | 4,138 |  |  | — |  |  | 4,138 |
Deferred income taxes | 2,017 |  |  | (3,298) |  |  | (1,281) |  |  | 311 |  |  | (970) |
Core deposits and other intangible assets | 269 |  |  | (269) |  |  | — |  |  | — |  |  | — |
Other assets | 24,883 |  |  | (4,278) |  |  | 20,605 |  |  | (108) |  |  | 20,497 |
Total Assets Acquired | 1,137,088 |  |  | (16,753) |  |  | 1,120,335 |  |  | (2,174) |  |  | 1,118,161 |
Fair Value of Liabilities Assumed |  |  |  |  |  |  |  |  |
Deposits | 966,263 |  |  | 1,002 |  |  | 967,265 |  |  | — |  |  | 967,265 |
Borrowings | 37,617 |  |  | (276) |  |  | 37,341 |  |  | (257) |  |  | 37,084 |
Accrued interest payable and other liabilities | 11,157 |  |  | (3,184) |  |  | 7,973 |  |  | (122) |  |  | 7,851 |
Total Liabilities Assumed | 1,015,037 |  |  | (2,458) |  |  | 1,012,579 |  |  | (379) |  |  | 1,012,200 |
Total Net Assets Acquired | $ | 122,051 |  |  | $ | (14,295) |  |  | $ | 107,756 |  |  | $ | (1,795) |  |  | $ | 105,961 |
Core Deposit Intangible Asset |  |  |  |  | $ | 7,288 |  |  | $ | — |  |  | $ | 7,288 |
Wealth Management Intangible Asset |  |  |  |  | 1,772 |  |  | — |  |  | 1,772 |
Total Fair Value of Net Assets Acquired and Identified |  |  |  |  | $ | 116,816 |  |  | $ | (1,795) |  |  | $ | 115,021 |
Consideration Paid |  |  |  |  |  |  |  |  |
Cash |  |  |  |  | $ | 360 |  |  | $ | — |  |  | $ | 360 |
Common stock |  |  |  |  | 200,631 |  |  | — |  |  | 200,631 |
Fair Value of Total Consideration |  |  |  |  | $ | 200,991 |  |  | $ | — |  |  | $ | 200,991 |
Goodwill |  |  |  |  | $ | 84,175 |  |  | $ | 1,795 |  |  | $ | 85,970 |

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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=121647850&loc=d3e4845-128472 + Details
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