Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 4

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 4
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30, 2025, none of Bancorp’s HTM securities were in non-accrual or past due status.

12

Table of Contents

Debt Securities by Contractual Maturity

A summary of AFS and HTM debt securities by contractual maturity as of September 30, 2025 follows:

			AFS Debt Securities

			HTM Debt Securities

			(in thousands)

			Amortized cost

			Fair value

			Carrying value

			Fair value

			Due within one year

			$
			50,527

			$
			48,848

			$
			24,501

			$
			23,197

			Due after one year but within five years

			24,427

			23,662

			-

			-

			Due after five years but within 10 years

			88,282

			80,217

			-

			-

			Due after 10 years

			39,169

			36,509

			501

			495

			Mortgage backed securities

			622,953

			548,284

			178,117

			160,119

			Total

			$
			825,358

			$
			737,520

			$
			203,119

			$
			183,811

Actual maturities may differ from contractual maturities because some issuers have the right to call or prepay obligations with or without prepayment penalties. The investment portfolio includes MBS, which are guaranteed by agencies such as FHLMC, FNMA and GNMA. These securities differ from traditional debt securities primarily in that they may have uncertain principal payment dates and are priced based on estimated prepayment rates on the underlying collateral.

Accrued interest on the investment securities portfolio (AFS and HTM) totaled $4 million and $5 million at September 30, 2025 and December 31, 2024, respectively. Accrued interest receivable on the investment securities portfolios is included in the condensed consolidated balance sheets.

Securities with a carrying value of $567 million and $852 million were pledged at September 30, 2025 and December 31, 2024, respectively, to secure accounts of commercial depositors in cash management accounts, public deposits and uninsured cash balances for certain