8-K

United States

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 25, 2010
S&T Bancorp, Inc.____________________________________________________________  (Exact Name of Registrant as Specified in its Charter)
Pennsylvania_________________ (State or Other Jurisdiction of Incorporation)	0-12508_________________ (Commission File Number)	25-1434426_________________ (IRS Employer Identification No.)
800 Philadelphia Street, Indiana, PA __________________________________________ (Address of Principal Executive Offices)			15701 ___________________ Zip Code
Registrant's telephone number, including area code			(800) 325-2265
Former name or address, if changed since last report			Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

• Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
• Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
• Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
• Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 - Results of Operations and Financial Condition

On January 25, 2010, S&T Bancorp, Inc. announced by press release its earnings for the three and twelve months ended December 31, 2009. A copy of the press release is attached hereto as Exhibit 99.1. The information contained in this Report on Form 8-K is furnished pursuant to Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 - Financial Statements and Exhibits

(d) Exhibits. The exhibit listed on the Exhibit Index accompanying this Form 8-K is filed herewith.

(99.1) Press Release

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned thereunto duly authorized.
January 25, 2010	S&T Bancorp, Inc.
	/s/ Robert E. Rout
	Robert E. Rout Senior Executive Vice President, Chief Financial Officer, Chief Administrative Officer and Secretary

Exhibit Index
Number	Description	Method of Filing
99.1	Press Release	Filed herewith

EX-99

Contact: Robert E. Rout

Chief Administrative and

Chief Financial Officer

TO BE RELEASED:

9:00 a.m., Monday, January 25, 2010

S&T Bancorp, Inc. Announces Earnings

Indiana, Pennsylvania - S&T Bancorp, Inc. (NASDAQ: STBA) today announced earnings for the fourth quarter and the year ended December 31, 2009. Diluted earnings per share for the fourth quarter of 2009 were $0.28 per share compared to $0.57 per share in the fourth quarter of 2008. Net income for the fourth quarter of 2009 decreased to $7.6 million as compared to $15.8 million in the comparable period one year ago. For the year ended December 31, 2009, diluted earnings per share were $0.07 as compared to $2.28 in 2008, and net income decreased from $60.2 million in 2008 to $2.0 million in 2009.

Todd D. Brice, president and chief executive officer, commented, "The economic events of 2009 presented previously unknown performance challenges and credit quality stresses that significantly affected our earnings this year. I couldn't be more proud of how the S&T organization responded to these challenges and strategically positioned the bank to take advantage of market opportunities that are sure to be presented in 2010."

Net interest income, on a fully taxable equivalent basis, decreased approximately $4.2 million or 10 percent for the quarter ending December 31, 2009, and increased $2.1 million or 1 percent for the 12 months of 2009, as compared to the same periods of 2008. A higher level of nonaccrual loans in 2009 negatively affected net interest income by $3.1 million. Net interest margin on a fully taxable equivalent basis was 3.94 percent, 3.94 percent and 3.89 percent for the third quarter, fourth quarter and full year of 2009, respectively. For the same periods of 2008, the net margin on a fully taxable equivalent basis was 4.07 percent, 4.13 percent and 4.07 percent, respectively.

Earning assets have decreased $262 million over the past 12 months, driven by a $164 million decrease in loans and $98 million decrease in investment securities. The loan decrease is primarily due to reduced demand for commercial real estate financing and development in the market, and less credit demand and utilization by businesses responding to the recessionary economic environment. A significant portion of maturing investment securities were not replaced in 2009 as the risk/reward for leveraging activities was significantly reduced in a volatile interest rate environment.

Deposits increased $76 million or 2 percent during the 12-month period ending December 31, 2009. Particularly noteworthy and beneficial to performance was a $112 million or 19 percent increase in noninterest-bearing deposit accounts. Brice commented, "Increasing core deposits, especially cash management relationships with our commercial customers, has been an ongoing strategic focus. The combination of reduced loan demand, lower investment securities and increased deposits has contributed to a $420 million reduction in borrowings over the past 12 months. We believe that strong liquidity and capital positions are important for these uncertain economic times, and to take advantage of market opportunities when the economy does turn positive."

Noninterest income, excluding investment security gains and losses, increased $4.6 million for the 12-month period ended December 31, 2009, as compared to 2008, primarily due to increases of $0.6 million for deposit fees, $1.0 million of debit/credit card activities, $3.0 million of mortgage banking revenues and $2.2 million of fair market valuations for the deferred compensation plan trust. These noninterest revenue increases were partially offset by decreases in insurance, wealth management, and commercial loan swap activities of $0.3 million, $0.5 million and $1.4 million, respectively. The commercial loan swap results were negatively affected by a $0.6 million charge related to a troubled loan relationship in the third quarter 2009. Also affecting year-over-year comparisons is a $0.4 million non-recurring gain in the first quarter 2008 from the VISA initial public offering.

Investment security losses for 2009 were $5.1 million, a $3.4 million increase from the $1.7 million of losses during 2008. Included in the 2009 results is $5.3 million of other-than-temporary impairment charges on 17 bank equity holdings. Five of these charges totaling $0.5 million occurred in the fourth quarter 2009. The equity securities portfolio currently has a market value of $12.2 million at December 31, 2009, as compared to $14.9 million at December 31, 2008. During the past two years, S&T has implemented a strategy to methodically sell holdings in this portfolio and only retain strategic positions in bank holding companies within our market area.

Noninterest expense increased $24.3 million or 29 percent for the full year 2009, as compared to the 2008 period. Salaries and employee benefits increased $6.1 million, primarily due to the addition of 56 average full-time equivalent staff, mostly due to the IBT acquisition in the second quarter of 2008, a $3.0 million increase in pension expense, offset by a $3.9 million reduction in incentives and profit sharing. Salaries and benefits expense was also negatively affected by the aforementioned fair market valuations for the deferred compensation plan trust. Other significant increases affecting noninterest expense in 2009 included $8.0 million of FDIC insurance premium, $1.9 million of reserve for unfunded commitments, $1.6 million of affordable housing project amortization and impairments, $3.8 million in legal, consulting, and loan collection costs, primarily due to resolving troubled loans, and $1.3 million of amortization of acquisition intangibles.

The efficiency ratio, which measures noninterest expense to noninterest income, excluding net security gains and losses, plus net interest income on a fully taxable equivalent basis, was 55 percent and 45 percent for the twelve-month periods ended December 31, 2009 and 2008, respectively.

Nonperforming assets totaled $95.4 million or 2.29 percent of total assets at December 31, 2009, as compared to $91.2 million or 2.17 percent at September 30, 2009 and $43.3 million or 0.98 percent at December 31, 2008. During the fourth quarter of 2009, two significant relationships were placed into nonperforming status:

• A $9.7 million relationship for a resort in central Pennsylvania that has experienced a decline in bookings and cash flows. The relationship has a partial United States Department of Agriculture guarantee, and no specific reserve has been established.
• A $5.2 million loan for an industrial warehouse property located in the southeast United States. Slowness in achieving target occupancy has created cash flow shortfalls that historically have been supplemented by the owners. Because continued owners' support is uncertain, a specific reserve of $1.5 million was established based upon a fourth quarter 2009 appraisal. The property is scheduled for auction during the first quarter of 2010.

The allowance for loan losses at December 31, 2009 was $59.6 million or 1.75 percent of total loans as compared to $42.7 million or 1.20 percent at December 31, 2008. In the fourth quarter of 2009, S&T recorded a provision for loan losses of $10.4 million as compared to $5.6 million in the fourth quarter of 2008. Included in the allowance is $17.0 million of specifically assigned reserves. For the 12 months ended December 31, 2009, the provision for loan losses was $72.4 million as compared to $12.9 million for the 12 months ended December 31, 2008. The provision for loan losses is based upon management's detailed quarterly analysis of the adequacy of the allowance for loan losses.

During the fourth quarter 2009, net charge-offs were $11.7 million. The most significant charged off loans were:

· $5.0 million for two commercial real estate projects in the New York and Connecticut region. Projects include a mixed-use commercial property and a new condominium project. Specific reserves of $4.2 million had been previously established for these projects. The mixed-use commercial property was fully charged-off, and the condominium project has an outstanding balance of $3.9 million.

· $2.5 million for a commercial and industrial loan secured by assignment of partnership interests. Unresolved legal issues among the partners makes the value of the partnership interest uncertain and the loan has been fully charged-off. A specific reserve of $2.1 million had been previously established.

· $0.6 million for condominium construction loans in western Pennsylvania. The remaining balance of $1.0 million is believed to be adequately collateralized based upon values established by previous unit sales. A specific reserve of $0.6 million had been previously established.

On January 16, 2009, S&T received $108.7 million of funds from the U.S. Treasury's Capital Purchase Program through the issuance of preferred stock and warrants for common stock. The purpose of the government program was to promote lending by healthy banks to individuals and businesses in order to stimulate the economy. Dividends and amortization associated with this preferred stock were $5.9 million for the twelve-month period ending December 31, 2009. Brice commented, "Participation in the Capital Purchase Program was a difficult decision for S&T, since we were already designated as "well capitalized" by regulatory guidelines. While the additional capital is comforting during these times, our intention is to obtain regulatory approval for returning these funds in the most shareholder-friendly manner possible once a positive direction in the economy becomes more clear." S&T's capital ratios for leverage, Total, Tier I and tangible common capital to tangible assets at December 31, 2009 were 10 .26 percent, 15.43 percent, 12.10 percent and 6.84 percent, respectively.

S&T Bancorp, Inc. declared a common stock quarterly dividend of $0.15 per share on January 18, 2010 which is payable on February 25, 2010 to shareholders of record as of February 1, 2010. This dividend represents a 3.5 percent projected annual yield utilizing the December 31, 2009 closing market price of $17.01.

Headquartered in Indiana, PA, S&T Bancorp, Inc. operates 55 offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson, and Westmoreland counties. With assets of $4.2 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market System under the symbol STBA.

This information may contain forward-looking statements regarding future financial performance which are not historical facts and which involve risks and uncertainties. Actual results and performance could differ materially from those anticipated by these forward-looking statements. Factors that could cause such a difference include, but are not limited to, general economic conditions, change in interest rates, deposit flows, loan demand, asset quality, including real estate and other collateral values, and competition. In addition to the results of operations presented in accordance with GAAP, S&T management uses, and this press release contains or references, certain non-GAAP financial measures, such as net interest income on a fully tax-equivalent basis. S&T believes these non-GAAP financial measures provide information useful to investors in understanding our underlying operational performance and our business and performance trends as they facilitate comparisons with the performance of others in the financial services industry. Although S&T believes that these non-GAAP financial measures enhance investors' understanding of S&T's business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. A reconciliation of these non-GAAP financial measures are presented in the attached financial data spreadsheet. This information should be read in conjunction with the audited financial statements and analysis as presented in the Annual Report on Form 10-K for S&T Bancorp, Inc. and subsidiaries.

EX-99

S&T Bancorp, Inc. Consolidated Selected Financial Data December 31, 2009 (Dollars in thousands, except per share data)									Page 1 of 3
	2008				2009				Twelve months ended
	March	June	September	December	March	June	September	December	December	December
For the period:	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	2009	2008
Interest Income	$50,458	$50,433	$57,416	$57,811	$50,424	$49,226	$48,310	$47,126	$195,087	$216,118
Interest Expense	19,909	16,791	18,245	17,226	14,279	12,677	11,477	10,671	49,105	72,171
Net Interest Income	30,549	33,642	39,171	40,585	36,145	36,549	36,833	36,455	145,982	143,947
Taxable Equivalent Adjustment	1,148	1,227	1,385	1,388	1,334	1,311	1,284	1,274	5,202	5,147
Net Interest Income (FTE)	31,697	34,869	40,556	41,973	37,479	37,860	38,117	37,729	151,184	149,094
Provision For Loan Losses	1,279	(118)	6,156	5,561	21,389	32,184	8,382	10,399	72,354	12,878
Net Interest Income After                 Provisions (FTE)	30,418	34,987	34,400	36,412	16,090	5,676	29,735	27,330	78,830	136,216
Security Gains and Losses, Net	611	(1,829)	(341)	(92)	(1,246)	(1,296)	(2,059)	(487)	(5,088)	(1,651)
Service Charges and Fees	2,402	2,754	3,599	3,567	3,056	3,232	3,305	3,349	12,942	12,322
Wealth Management	1,862	1,907	2,118	2,081	1,743	1,912	1,920	1,924	7,500	7,967
Insurance	1,997	2,042	2,073	1,984	1,862	1,985	2,020	1,884	7,751	8,096
Other	2,638	3,100	2,811	2,168	3,601	4,624	3,038	4,213	15,475	10,718
Total Noninterest Income	8,899	9,803	10,601	9,800	10,262	11,753	10,283	11,370	43,668	39,103
Salaries and Employee Benefits	10,060	10,514	11,725	10,409	11,655	12,698	12,284	12,211	48,848	42,708
Occupancy and Equip. Expense, Net	2,660	2,636	2,761	2,838	3,082	3,023	2,882	2,898	11,886	10,895
Data Processing Expense	1,071	1,668	1,365	1,384	1,468	1,542	1,565	1,473	6,048	5,488
FDIC Expense	75	74	131	129	1,941	3,447	1,526	1,475	8,388	409
Other	4,089	7,492	6,358	6,363	7,292	12,052	6,582	7,031	32,956	24,301
Total Noninterest Expense	17,955	22,384	22,340	21,123	25,438	32,762	24,839	25,088	108,126	83,801
Income (Loss) Before Taxes	21,973	20,577	22,320	24,997	(332)	(16,629)	13,120	13,125	9,284	89,867
Taxable Equivalent Adjustment	1,148	1,227	1,385	1,388	1,334	1,311	1,284	1,274	5,202	5,147
Applicable Income Taxes	5,969	5,489	5,249	7,809	176	(9,284)	2,578	2,660	(3,869)	24,517
Net Income (Loss)	14,856	13,861	15,686	15,800	(1,842)	(8,656)	9,258	9,191	7,951	60,203
Preferred Stock Dividends	-	-	-	-	1,283	1,541	1,543	1,545	5,913	-
Net Income (Loss) Available to Common Shareholders	$14,856	$13,861	$15,686	$15,800	($3,125)	($10,197)	$7,715	$7,646	$2,038	$60,203
Per Common Share Data:
Shares Outstanding at End of Period	24,615,136	27,408,633	27,588,510	27,632,928	27,637,317	27,654,530	27,684,807	27,746,554	27,746,554	27,632,928
Average Shares Outstanding - Diluted	24,680,484	25,503,920	27,602,216	27,722,550	27,637,292	27,650,937	27,716,134	27,701,846	27,658,861	26,384,309
Net Income (Loss) - Diluted	$0.60	$0.54	$0.57	$0.57	($0.11)	($0.37)	$0.28	$0.28	$0.07	$2.28
Dividends Declared	$0.31	$0.31	$0.31	$0.31	$0.31	$0.15	$0.15	$0.00	$0.61	$1.24
Common Book Value	$14.18	$16.00	$16.34	$16.24	$16.01	$15.48	$15.77	$16.14	$16.14	$16.24
Tangible Common Book Value (5)	$12.04	$9.52	$9.97	$9.87	$9.68	$9.17	$9.44	$9.85	$9.85	$9.87
Market Value	$32.17	$29.06	$36.83	$35.50	$21.21	$12.16	$12.96	$17.01	$17.01	$35.50

S&T Bancorp, Inc. Consolidated Selected Financial Data December 31, 2009 (Dollars in thousands)							Page 2 of 3
	2008				2009
	March	June	September	December	March	June	September	December
Asset Quality Data	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q
Nonaccrual Loans and Nonperforming Loans	$23,212	$15,959	$32,793	$42,466	$92,047	$71,433	$86,454	$90,807
Assets Acquired through Foreclosure or Repossession	630	1,884	1,111	851	1,452	2,262	4,745	4,607
Nonperforming Assets	23,842	17,843	33,904	43,317	93,499	73,695	91,199	95,414
Allowance for Loan Losses	35,717	38,796	43,235	42,689	59,847	57,875	60,880	59,580
Nonperforming Loans / Loans	0.81%	0.46%	0.92%	1.19%	2.62%	2.06%	2.51%	2.67%
Allowance for Loan Losses / Loans	1.25%	1.12%	1.21%	1.20%	1.70%	1.67%	1.77%	1.75%
Allowance for Loan Losses / Nonperforming Loans	154%	243%	132%	101%	65%	81%	70%	66%
Net Loan Charge-offs (Recoveries)	(94)	2,224	1,717	6,107	4,231	34,156	5,376	11,699
Net Loan Charge-offs (Recoveries)    (annualized)/Average Loans	-0.01%	0.29%	0.20%	0.68%	0.49%	3.91%	0.62%	1.36%
Balance Sheet (Period-End)
Assets	$3,463,806	$4,353,568	$4,461,085	$4,438,368	$4,314,540	$4,243,876	$4,208,224	$4,170,475
Earning Assets	3,212,919	3,934,187	4,075,431	4,044,970	3,948,774	3,868,782	3,836,327	3,782,809
Securities	362,053	466,524	496,844	476,255	429,919	409,011	389,980	378,402
Loans, Gross	2,850,866	3,467,663	3,578,587	3,568,716	3,518,855	3,459,771	3,446,347	3,404,407
Total Deposits	2,605,187	3,114,560	3,131,882	3,228,416	3,244,197	3,155,852	3,279,784	3,304,542
Non-Interest Bearing Deposits	471,040	593,339	600,246	600,282	625,325	629,967	673,863	712,121
NOW, Money Market & Savings	1,203,833	1,325,755	1,280,816	1,334,324	1,264,407	1,170,573	1,212,073	1,302,051
CD's $100,000 and over	250,489	329,087	353,167	377,748	422,841	403,694	472,736	411,901
Other Time Deposits	679,825	866,379	897,653	916,062	931,624	951,618	921,112	878,469
Short-term Borrowings	211,391	472,045	552,505	421,894	225,898	291,763	143,980	96,235
Long-term Debt	246,403	281,163	280,921	270,950	232,282	207,028	186,772	176,513
Shareholders' Equity	349,073	438,499	450,717	448,694	547,276	533,094	541,682	553,318
Balance Sheet (Daily Averages)
Assets	$3,407,665	$3,701,389	$4,346,481	$4,419,465	$4,360,166	$4,304,406	$4,207,966	$4,167,295
Earning Assets	3,198,279	3,434,268	3,961,327	4,042,118	3,980,258	3,935,389	3,836,806	3,798,477
Securities	369,400	386,243	472,293	490,754	445,150	427,285	397,106	385,966
Loans, Gross	2,828,762	3,048,024	3,488,843	3,551,179	3,534,064	3,508,104	3,439,700	3,412,510
Deposits	2,579,321	2,712,198	3,086,428	3,205,711	3,251,587	3,220,761	3,251,265	3,271,199
Shareholders' Equity	345,939	377,160	447,941	458,600	542,240	549,968	540,153	545,787

S&T Bancorp, Inc. Consolidated Selected Financial Data December 31, 2009 (Dollars in thousands, except per share data)									Page 3 of 3
	2008				2009				Year-to-date
	March	June	September	December	March	June	September	December	December	December
Profitability Ratios (annualized)	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	2009	2008
Common Return on Average Assets	1.75%	1.51%	1.44%	1.42%	-0.29%	-0.95%	0.73%	0.73%	0.05%	1.52%
Common Return on Average Tangible Common Assets (6)	1.78%	1.54%	1.50%	1.48%	-0.30%	-0.99%	0.76%	0.76%	0.05%	1.57%
Common Return on Average Shareholders' Equity	17.27%	14.78%	13.93%	13.71%	-2.34%	-7.44%	5.67%	5.56%	0.37%	14.77%
Common Return on Average Tangible Common Equity(7)	20.37%	19.17%	22.95%	22.32%	-4.53%	-15.13%	11.75%	11.42%	0.76%	21.27%
Yield on Earning Assets (FTE)	6.49%	6.05%	5.92%	5.83%	5.27%	5.16%	5.14%	5.06%	5.16%	6.05%
Cost of Interest Bearing Funds	3.10%	2.43%	2.23%	2.06%	1.82%	1.65%	1.53%	1.46%	1.62%	2.41%
Net Interest Margin (FTE)(4)	3.99%	4.08%	4.07%	4.13%	3.82%	3.86%	3.94%	3.94%	3.89%	4.07%
Efficiency Ratio (FTE)(1)	44.23%	50.11%	43.67%	40.80%	53.28%	66.04%	51.32%	51.10%	55.49%	44.53%
Capitalization Ratios
Dividends Paid to Net Income	51.23%	55.05%	54.17%	54.13%	-273.87%	-84.02%	53.77%	54.31%
Common Equity to Assets (8)	10.08%	10.07%	10.10%	10.11%	10.26%	10.09%	10.37%	10.74%
Leverage Ratio (2)	9.28%	8.05%	7.15%	7.30%	9.73%	9.56%	9.92%	10.26%
Risk Based Capital - Tier I (3)	10.29%	7.99%	8.23%	8.65%	11.58%	11.33%	11.57%	12.10%
Risk Based Capital - Tier II (3)	12.46%	11.12%	11.40%	11.82%	14.82%	14.60%	14.86%	15.43%
Tangible Common Equity/Tangible Assets (8)	8.69%	6.25%	6.42%	6.41%	6.46%	6.23%	6.48%	6.84%
Definitions and reconciliation of GAAP to non-GAAP financial measures: (1) Recurring non-interest expense dividend by recurring non-interest income plus net interest income, on a fully taxable equivalent basis. (2) Equity less goodwill to total assets and allowance for loan losses. (3) Effective October 1, 1998, banking regulators require financial institutions to include 45% of the pretax net unrealized holding gains on available for sale equity securities in Tier 2 capital. (4) Net interest income, on a fully taxable equivalent basis, annualized divided by quarter-to-date average earning assets.
(5) Tangible Common Book Value
Common book value (GAAP basis)	$14.18	$16.00	$16.34	$16.24	$16.01	$15.48	$15.77	$16.14	$16.14	$16.24
Effect of excluding intangible assets	(2.14)	(6.48)	(6.37)	(6.37)	(6.33)	(6.31)	(6.33)	(6.29)	(6.29)	(6.37)
Tangible common book value	$12.04	$9.52	$9.97	$9.87	$9.68	$9.17	$9.44	$9.85	$9.85	$9.87
(6) Common Return on Average Tangible Common Assets
Common return on average assets (GAAP basis)	1.75%	1.51%	1.44%	1.42%	-0.29%	-0.95%	0.73%	0.73%	0.05%	1.52%
Effect of excluding intangible assets	0.03%	0.03%	0.06%	0.06%	-0.01%	-0.04%	0.03%	0.03%	-	0.05%
Common return on average tangible common assets	1.78%	1.54%	1.50%	1.48%	-0.30%	-0.99%	0.76%	0.76%	0.05%	1.57%
(7) Common Return on Average Tangible Common Equity
Common return on average equity (GAAP basis)	17.27%	14.78%	13.93%	13.71%	-2.34%	-7.44%	5.67%	5.56%	0.37%	14.77%
Effect of excluding intangible assets	3.10%	4.39%	9.02%	8.61%	-1.08%	-4.23%	3.38%	3.24%	0.21%	6.50%
Effect of excluding preferred stock	-	-	-	-	-1.11%	-3.46%	2.70%	2.62%	0.18%	-
Common return on average tangible common equity	20.37%	19.17%	22.95%	22.32%	-4.53%	-15.13%	11.75%	11.42%	0.76%	21.27%
(8) Tangible Common Equity / Tangible Assets
Common equity / Assets (GAAP basis)	10.08%	10.07%	10.10%	10.11%	10.26%	10.09%	10.37%	10.74%
Effect of excluding intangible assets	-1.39%	-3.82%	-3.68%	-3.70%	-3.80%	-3.86%	-3.89%	-3.90%
Tangible common equity / Tangible assets	8.69%	6.25%	6.42%	6.41%	6.46%	6.23%	6.48%	6.84%