Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 4

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 4
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Debt Securities by Contractual Maturity

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

			AFS Debt Securities

			HTM Debt Securities

			(in thousands)

			Amortized cost

			Fair value

			Carrying value

			Fair value

			Due within one year

			$
			257,665

			$
			257,556

			$
			24,863

			$
			23,530

			Due after one year but within five years

			33,170

			31,969

			-

			-

			Due after five years but within 10 years

			92,360

			82,127

			-

			-

			Due after 10 years

			73,832

			70,019

			502

			492

			Mortgage backed securities

			655,139

			572,191

			182,615

			163,249

			Total

			$
			1,112,166

			$
			1,013,862

			$
			207,980

			$
			187,271

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.

At June 30, 2025 and December 31, 2024, there were no holdings of debt securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity.

Accrued interest on the investment securities portfolio (AFS and HTM) totaled $4 million and $5 million at June 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 $899 million and $852 million were pledged at June 30, 2025 and December 31