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Parent Company Condensed Financial Information | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
PARENT COMPANY CONDENSED FINANCIAL INFORMATION | PARENT COMPANY CONDENSED FINANCIAL INFORMATION The following condensed financial statements summarize the financial position of S&T Bancorp, Inc. as of December 31, 2023 and 2022 and the results of its operations and cash flows for each of the three years ended December 31, 2023, 2022 and 2021. BALANCE SHEETS
| December 31,
(dollars in thousands) | 2023 |  | 2022
ASSETS |  |  |
Cash | $ | 20,733 |  |  | $ | 13,817 |
Investments in: |  |  |
Bank subsidiary | 1,268,441 |  |  | 1,184,327 |
Nonbank subsidiaries | 4,658 |  |  | 4,662 |
Other assets | 14,695 |  |  | 11,819 |
Total Assets | $ | 1,308,527 |  |  | $ | 1,214,625 |
LIABILITIES |  |  |
Long-term debt | $ | 24,474 |  |  | $ | 29,713 |
Other liabilities | 608 |  |  | 253 |
Total Liabilities | 25,082 |  |  | 29,966 |
Total Shareholders’ Equity | 1,283,445 |  |  | 1,184,659 |
Total Liabilities and Shareholders’ Equity | $ | 1,308,527 |  |  | $ | 1,214,625 |
STATEMENTS OF NET INCOME
| Years ended December 31,
(dollars in thousands) | 2023 |  | 2022 |  | 2021
Dividends from subsidiaries | $ | 86,950 |  |  | $ | 61,426 |  |  | $ | 62,333 |
Investment income | — |  |  | — |  |  | — |
Total Income | 86,950 |  |  | 61,426 |  |  | 62,333 |
Interest expense on long-term debt | 2,372 |  |  | 1,545 |  |  | 1,400 |
Other expenses | 4,764 |  |  | 4,112 |  |  | 3,947 |
Tax expense | 7,136 |  |  | 5,657 |  |  | 5,347 |
Income before income tax and undistributed net income of subsidiaries | 79,814 |  |  | 55,769 |  |  | 56,986 |
Income tax benefit | (1,478) |  |  | (1,208) |  |  | (1,140) |
Income before undistributed net income of subsidiaries | 81,292 |  |  | 56,977 |  |  | 58,126 |
Equity in undistributed net income (distribution in excess of net income) of: |  |  |  |  |
Bank subsidiary | 63,337 |  |  | 79,566 |  |  | 57,025 |
Nonbank subsidiaries | 152 |  |  | (1,023) |  |  | (4,808) |
Net Income | $ | 144,781 |  |  | $ | 135,520 |  |  | $ | 110,343 |
STATEMENTS OF CASH FLOWS
| Years ended December 31,
(dollars in thousands) | 2023 |  | 2022 |  | 2021
OPERATING ACTIVITIES |  |  |  |  |
Net Income | $ | 144,781 |  |  | $ | 135,520 |  |  | $ | 110,343 |
Equity in undistributed (earnings) losses of subsidiaries | (63,489) |  |  | (78,543) |  |  | (52,217) |
Other | 1,402 |  |  | 1,468 |  |  | 761 |
Net Cash Provided by Operating Activities | 82,694 |  |  | 58,445 |  |  | 58,887 |
FINANCING ACTIVITIES |  |  |  |  |
Repayment of long term debt | (5,464) |  |  | — |  |  | (9,750) |
Sale of treasury shares, net | (798) |  |  | (808) |  |  | (629) |
Purchase of treasury shares | (19,808) |  |  | (7,637) |  |  | — |
Cash dividends paid to common shareholders | (49,708) |  |  | (46,952) |  |  | (44,324) |
Net Cash Used in Financing Activities | (75,778) |  |  | (55,397) |  |  | (54,703) |
Net increase (decrease) in cash | 6,916 |  |  | 3,048 |  |  | 4,184 |
Cash at beginning of year | 13,817 |  |  | 10,769 |  |  | 6,585 |
Cash at End of Year | $ | 20,733 |  |  | $ | 13,817 |  |  | $ | 10,769 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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