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Business Combinations (Tables)
3 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Summary of Consideration, Assets Acquired and Liabilities Assumed The following table presents the preliminary fair value adjustments and the measurement period adjustments as of the dates presented:
 
November 30, 2019
 
March 31, 2020
 
As Recorded by DNB
 
Preliminary Fair Value Adjustments(1)
 
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

 
(2,496
)
 
906,488

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

 
40

 
20,645

Total Assets Acquired
1,137,088

 
(16,753
)
 
1,120,335

 
(2,145
)
 
1,118,190

Fair Value of Liabilities Assumed
 
 
 
 
 
 
 
 
 
Deposits
966,263

 
1,002

 
967,265

 
(12
)
 
967,253

Borrowings
37,617

 
(276
)
 
37,341

 
(257
)
 
37,084

Accrued interest payable and other liabilities
11,157

 
(3,184
)
 
7,973

 
(68
)
 
7,905

Total Liabilities Assumed
1,015,037

 
(2,458
)
 
1,012,579

 
(337
)
 
1,012,242

Total Net Assets Acquired
$
122,051

 
$
(14,295
)
 
$
107,756

 
$
(1,808
)
 
$
105,948

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

 
$
(1,808
)
 
$
115,008

Consideration Paid
 
 
 
 
 
 
 
 
 
Cash
 
 
 
 
$
360

 
$

 
$
360

Common stock
 
 
 
 
200,631

 

 
200,631

Fair Value of Total Consideration
 
 
 
 
$
200,991

 
$

 
$
200,991

Goodwill
 
 
 
 
$
84,175

 
$
1,808

 
$
85,983


(1)Management is continuing to evaluate the purchase accounting fair value adjustments related to loans, including loan classification, deferred and current income taxes until the final valuations are complete and final tax returns are filed. Any changes in preliminary estimates will be adjusted in goodwill in subsequent periods, but not extending beyond one year from the date of acquisition.