Business Combinations (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Consideration, Assets Acquired and Liabilities Assumed

The following table summarizes total consideration, assets acquired and liabilities assumed as of December 31, 2015:



(dollars in thousands)
Consideration Paid
Cash	$	29,510
Common stock	142,469
Fair Value of Total Consideration	$	171,979

Fair Value of Assets Acquired
Cash and cash equivalents	$	13,163
Securities and other investments	11,502
Loans	788,687
Bank owned life insurance	15,974
Premises and equipment	10,855
Core deposit intangible	5,713
Other assets	18,994
Total Assets Acquired	864,888

Fair Value of Liabilities Assumed
Deposits	722,308
Borrowings	82,286
Other liabilities	4,259
Total Liabilities Assumed	808,853
Total Fair Value of Identifiable Net Assets	56,035
Goodwill	$	115,944

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 Integrity to give effect to the Merger as if it had occurred on January 1, 2014, for the periods presented.



	Unaudited Pro Forma Information
(dollars in thousands, except per share data)	2015		2014
Total revenue⁽¹⁾	$	240,581	$	232,635
Net income ⁽²⁾	$	68,850	$	70,001

Earnings per common share: ⁽²⁾
Basic	$	1.78	$	2.02
Diluted	$	1.77	$	2.02

⁽¹⁾Total pro forma revenue is defined as net interest income plus non-interest income, excluding gains and losses on sales of investment securities available-for-sale.

⁽²⁾Excludes merger expenses