Parent Company Condensed Financial Information

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only 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, 2016 and 2015 and the results of its operations and cash flows for each of the three years ended December 31, 2016, 2015 and 2014.

BALANCE SHEETS

	December 31,
(dollars in thousands)	2016		2015
ASSETS
Cash	$	17,057	$	12,595
Investments in:
Bank subsidiary	819,531		777,795
Nonbank subsidiaries	21,980		20,624
Other assets	4,694		2,530
Total Assets	$	863,262	$	813,544
LIABILITIES
Long-term debt	$	20,619	$	20,619
Other liabilities	687		688
Total Liabilities	21,306		21,307
Total Shareholders’ Equity	841,956		792,237
Total Liabilities and Shareholders’ Equity	$	863,262	$	813,544

STATEMENTS OF NET INCOME

	Years ended December 31,
(dollars in thousands)	2016		2015			2014
Dividends from subsidiaries	$	34,134	$	75,413		$	46,414
Investment income	17		19			19
Interest expense on long-term debt	854		773			759
Other expenses	2,315		2,138			2,014
Income before Equity in Undistributed Net Income of Subsidiaries	30,982		72,521			43,660
Equity in undistributed net income (distribution in excess of net income) of:
Bank subsidiary	40,051		(5,064		)	13,351
Nonbank subsidiaries	359		(376		)	899
Net Income	$	71,392	$	67,081		$	57,910

STATEMENTS OF CASH FLOWS

	Years ended December 31,
(dollars in thousands)	2016			2015			2014
OPERATING ACTIVITIES
Net Income	$	71,392		$	67,081		$	57,910
Equity in undistributed (earnings) losses of subsidiaries	(40,410		)	5,440			(14,250		)
Tax benefit from stock-based compensation	(9		)	(53		)	(16		)
Other	379			3,059			(106		)
Net Cash Provided by Operating Activities	31,352			75,527			43,538
INVESTING ACTIVITIES
Net investments in subsidiaries	—			(38,404		)	—
Acquisitions	—			(29,510		)	—
Net Cash Used in Investing Activities	—			(67,914		)	—
FINANCING ACTIVITIES
Repayment of junior subordinated debt	—			(8,500		)	—
(Purchase) Sale of treasury shares, net	(115		)	(112		)	(163		)
Cash dividends paid to common shareholders	(26,784		)	(24,487		)	(20,215		)
Tax benefit from stock-based compensation	9			53			16
Net Cash Used in Financing Activities	(26,890		)	(33,046		)	(20,362		)
Net increase (decrease) in cash	4,462			(25,433		)	23,176
Cash at beginning of year	12,595			38,028			14,852
Cash at End of Year	$	17,057		$	12,595		$	38,028