Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 93

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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 June 30, 2025 and December 31, 2024, approximately 80% and 79% of AUM were actively managed, respectively. Company retirement plan accounts consist primarily of participant-directed assets. The amount of custody and safekeeping accounts are insignificant to overall WM&T operations.

74

Managed AUM by Class of Investment:

			(in thousands)

			June 30, 2025

			December 31, 2024

			Interest bearing deposits

			$
			445,820

			$
			460,521

			Treasury and government agency obligations

			205,197

			194,461

			State, county and municipal obligations

			376,158

			341,940

			Money market mutual funds

			34,113

			36,657

			Equity mutual funds

			1,267,847

			1,183,611

			Other mutual funds - fixed, balanced and municipal

			596,621

			561,218

			Other notes and bonds

			168,723

			167,548

			Common and preferred stocks

			2,461,996

			2,437,672

			Real estate mortgages

			-

			167

			Real estate

			19,710

			42,250

			Other miscellaneous assets (1)

			165,270

			184,880

			Total managed assets

			$
			5,741,455

			$
			5,610,925

(1) Includes client directed instruments such as rights, warrants, annuities, insurance policies, unit investment trusts, and oil and gas rights.

Managed assets are invested in instruments for which market values can be readily determined, the majority of which are sensitive to market fluctuations and consist of approximately 65% in equities and 35% in fixed income securities as of both June 30, 2025 and December 31, 2024. This composition has remained relatively consistent from period to period.

Additional Sources of Non-interest income:

Deposit service charges, which consist of non-sufficient funds charges and to a lesser extent, other activity based charges, decreased $111,000, or 5%, and $168,000, or 4%, for the three and six month periods ended June 30, 202