Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 19

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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776
			)

For certain loan classes, such as credit cards, credit quality is evaluated based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment in credit cards based on payment activity:

			September 30,

			December 31,

			(in thousands)

			2025

			2024

			Credit cards

			Performing

			$
			25,275

			$
			24,370

			Non-performing

			302

			170

			Total credit cards

			$
			25,577

			$
			24,540

Bancorp had $923,000 and $569,000, respectively, in residential real estate loans for which formal foreclosure proceedings were in process at September 30, 2025 and December 31, 2024.

Modifications to Borrowers Experiencing Financial Difficulty

During the three and nine month periods ended September 30, 2025 and 2024, there were no modifications made to loans for borrowers experiencing financial difficulty and there were no payment defaults of existing modified loans within 12 months following modification. Default is determined at 90 days or more past due, charge off, or foreclosure.

28

			(4)

			Goodwill 

As of September 30, 2025 and December 31, 2024, goodwill totaled $194 million, of which $172 million was attributed to the commercial banking segment and $22 million is attributed to WM&T.

The composition of goodwill presented by respective acquisition and year follows:

			September 30,

			December 31,

			(in thousands)

			2025

			2024

			Commonwealth Bancshares (2022)

			$
			58,244

			$
			58,244

			Kentucky Bancshares (2021)

			123,317

			123,317

			King Southern Bancorp (2019)

			11,831

			11,831

			Austin State Bank (1996)

			682

			682

			Total

			$
			194,074

			$
			194,074

Note: The acquisition of The Bank Oldham County in 2013 resulted in a bargain purchase gain.

GAAP requires that goodwill and intangible assets with indefinite useful lives not