Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 97

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 97
---
778

			341,940

			Money market mutual funds

			34,579

			36,657

			Equity mutual funds

			1,345,464

			1,183,611

			Other mutual funds - fixed, balanced and municipal

			638,287

			561,218

			Other notes and bonds

			171,531

			167,548

			Common and preferred stocks

			2,592,319

			2,437,672

			Real estate mortgages

			-

			167

			Real estate

			21,050

			42,250

			Other miscellaneous assets (1)

			165,269

			184,880

			Total managed assets

			$
			5,991,124

			$
			5,610,925

(1) Includes client directed instruments such as rights, warrants, annuities, insurance policies, unit investment trusts, and oil and gas rights.

Managed assets are invested in instruments for which market values can be readily determined, the majority of which are sensitive to market fluctuations and consist of approximately 66% in equities and 34% in fixed income securities as of September 30, 2025, compared to 65% and 35% as of December 31, 2024. This composition has remained relatively consistent from period to period.

Additional Sources of Non-interest income:

Deposit service charges, which consist of non-sufficient funds charges and to a lesser extent, other activity based charges, decreased $33,000, or 1%, and $201,000, or 3%, for the three and nine month periods ended September 30, 2025, as compared with the same periods of 2024. Consistent with the banking industry generally, Bancorp has experienced a steady decline in the volume of fees earned on overdrawn checking accounts over the past several years. This trend has been driven by lower check presentment volume, which has in turn led to fewer overdrawn accounts in general. Further, Bancorp anticipates that future growth of this revenue stream could be significantly impacted by changing industry practices. Bancorp could be faced with strategic decisions surrounding deposit-related service charges in the future, which could negatively impact the contributions made by this, or similar, revenue streams.

Debit and credit card income consists of interchange revenue, ancillary fees and