Company: SYBT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001437749-25-024786
Chunk: 5

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 5
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, 2024, respectively, to secure accounts of commercial depositors in cash management accounts, public deposits and uninsured cash balances for certain WM&T accounts.

Based on an evaluation of available information including security type, counterparty credit quality, past events, current conditions, and reasonable and supportable forecasts that are relevant to collectability, Bancorp has concluded that it expects to receive all contractual cash flows from each security held in its AFS and HTM debt securities portfolio. As such, no allowance or impairment was recorded with respect to investment securities as of June 30, 2025 and December 31, 2024.

13

Unrealized and Unrecognized Loss Analysis on Debt Securities

Debt securities with unrealized and unrecognized losses at June 30, 2025 and December 31, 2024, aggregated by investment category and length of time securities have been in a continuous unrealized loss position follows:

			AFS Debt Securities

			Less than 12 months

			12 months or more

			Total

			(in thousands)

			Fair

			Unrealized

			Fair

			Unrealized

			Fair

			Unrealized

			June 30, 2025

			value

			losses

			value

			losses

			value

			losses

			U.S. Treasury and other U.S. Government obligations

			$
			248,004

			$
			(8
			)
			 
			$
			-

			$
			-

			$
			248,004

			$
			(8
			)

			Government sponsored enterprise obligations

			5,606

			(26
			)

			69,341

			(3,214
			)

			74,947

			(3,240
			)

			Mortgage-backed securities

			15,277

			(134
			)

			550,235

			(82,843
			)

			565,512

			(82,977
			)

			Obligations of states and political subdivisions

			4,683

			(53
			)

			97,939

			(12,119
			)

			102,622

			(12,172
			)