Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 33

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 33
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 and client’s business.

OREO – OREO is primarily comprised of real estate acquired in partial or full satisfaction of loans. OREO is recorded at its estimated fair value less estimated selling and closing costs at the date of transfer, with any excess of the related loan balance over the fair value less expected selling costs charged to the ACL. Subsequent changes in fair value are reported as adjustments to the carrying amount and are recorded against earnings. Bancorp obtains the valuation of OREO with material balances from third party appraisers. For this asset class, the actual valuation methods (income, sales comparable, or cost) vary based on the status of the project or property. The unobservable inputs may vary depending on the individual assets with no one of the three methods being the predominant approach. Bancorp reviews the appraisal for appropriateness and adjusts the value to consider selling and closing costs, which typically range from 8% to 10% of the appraised value.

Carrying values of assets measured at fair value on a non-recurring basis follows:

			Losses recorded

			Three months

			Six months

			Fair Value Measurements Using:

			Total

			ended

			ended

			June 30, 2025 (in thousands)

			Level 1

			Level 2

			Level 3

			Fair Value

			June 30, 2025

			June 30, 2025

			Collateral dependent loans

			$
			—

			$
			—

			$
			9,103

			$
			9,103

			$
			38

			$
			38

			Other real estate owned

			—

			—

			10

			10

			—

			—

			Losses recorded

			Three months

			Six months

			Fair Value Measurements Using:

			Total

			ended

			ended

			December 31, 2024 (in thousands)

			Level 1

			Level 2

			Level 3

			Fair Value

			June 30, 2024

			June 30, 2024

			Collateral dependent loans

			$
			—

			$
			—

			$
			12,227

			$
			12,227