Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 35

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 35
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 basis follows:

			Losses recorded

			Three months

			Nine months

			Fair Value Measurements Using:

			Total

			ended

			ended

			September 30, 2025 (in thousands)

			Level 1

			Level 2

			Level 3

			Fair Value

			September 30, 2025

			September 30, 2025

			Collateral dependent loans

			$
			—

			$
			—

			$
			11,225

			$
			11,225

			$
			24

			$
			24

			Other real estate owned

			—

			—

			190

			190

			—

			—

			Losses recorded

			Three months

			Nine months

			Fair Value Measurements Using:

			Total

			ended

			ended

			December 31, 2024 (in thousands)

			Level 1

			Level 2

			Level 3

			Fair Value

			September 30, 2024

			September 30, 2024

			Collateral dependent loans

			$
			—

			$
			—

			$
			12,227

			$
			12,227

			$
			245

			$
			245

There were no liabilities measured at fair value on a non-recurring basis at September 30, 2025 and December 31, 2024.

39

For Level 3 assets measured at fair value on a non-recurring basis, the significant unobservable inputs used in the fair value measurements are presented below.

			September 30, 2025

			(dollars in thousands)

			Fair Value

			Valuation Technique

			Unobservable Inputs

			Weighted Average

			Collateral dependent loans

			$
			11,225

			Appraisal

			Appraisal discounts

			27.7
			
			%

			Other real estate owned

			190

			Appraisal

			Appraisal discounts

			15.4

			December 31, 2024

			(dollars in thousands)

			Fair Value

			Valuation Technique

			Unobservable