Parent Company Condensed Financial Information

12 Months Ended

Dec. 31, 2013

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Parent Company Condensed Financial Information

NOTE 22. PARENT COMPANY CONDENSED FINANCIAL INFORMATION

The following condensed financial statements summarize the financial position of S&T Bancorp, Inc. as of December 31, 2013 and 2012 and the results of its operations and cash flows for each of the three years ended December 31, 2013, 2012 and 2011.

BALANCE SHEETS

	December 31,
(dollars in thousands)	2013		2012
ASSETS
Cash	$	14,852	$	12,202
Investments in:
Bank subsidiary		553,825		523,664
Nonbank subsidiaries		19,561		19,934
Other assets		4,441		3,129
Total Assets	$	592,679	$	558,929
LIABILITIES
Long-term debt	$	20,619	$	20,619
Other liabilities		754		888
Total Liabilities		21,373		21,507
Total Shareholders’ Equity		571,306		537,422
Total Liabilities and Shareholders’ Equity	$	592,679	$	558,929

STATEMENTS OF NET INCOME

	Years Ended December 31,
(dollars in thousands)	2013			2012			2011
Dividends from subsidiaries	$	24,087		$	35,603		$	23,029
Investment income		15			17			121
Interest expense on long-term debt		769			808			777
Other expenses		2,579			1,800			1,091
Income before Equity in Undistributed Net Income of Subsidiaries		20,754			33,012			21,282
Equity in undistributed net income (distribution in excess of net income) of:
Bank subsidiary		29,926			1,371			25,590
Nonbank subsidiaries		(141	)		(183	)		392
Net Income	$	50,539		$	34,200		$	47,264

STATEMENTS OF CASH FLOWS

	Years Ended December 31,
(dollars in thousands)	2013			2012			2011
OPERATING ACTIVITIES
Net Income	$	50,539		$	34,200		$	47,264
Equity in (undistributed net income) distribution in excess of net income of subsidiaries		(29,785	)		(1,188	)		(25,982	)
Tax (benefit) expense from stock-based compensation		(96	)		30			66
Other		121			1,023			10,145
Net Cash Provided by Operating Activities		20,779			34,065			31,493
INVESTING ACTIVITIES
Net investments in subsidiaries		—			(5,035	)		—
Acquisitions		—			(14,123	)		—
Net Cash Used in Investing Activities		—			(19,158	)		—
FINANCING ACTIVITIES
Redemption of preferred stock		—			—			(108,676	)
(Purchase) Sale of treasury shares, net		(88	)		998			1,946
Preferred stock dividends		—			—			(5,072	)
Cash dividends paid to common shareholders		(18,137	)		(17,357	)		(16,830	)
Tax benefit (expense) from stock-based compensation		96			(30	)		(66	)
Net Cash Used in Financing Activities		(18,129	)		(16,389	)		(128,698	)
Net increase (decrease) in cash		2,650			(1,482	)		(97,205	)
Cash at beginning of year		12,202			13,684			110,889
Cash at End of Year	$	14,852		$	12,202		$	13,684